AMENDED AND RESTATED REVOLVING NOTECommunications Systems Inc • May 7th, 2015 • Telephone & telegraph apparatus • Minnesota
FOR VALUE RECEIVED, the undersigned COMMUNICATIONS Systems, Inc., a Minnesota corporation (“Communications Systems”), JDL TECHNOLOGIES, INCORPORATED, a Minnesota corporation (“JDL”), TRANSITION NETWORKS, INC., a Minnesota corporation (“Transition Networks”), and SUTTLE, INC., a Minnesota corporation (“Suttle”; together with Communications Systems, JDL and Transition Networks, “Borrowers” and each a “Borrower”), promises to pay on November 1, 2016 (the “Maturity Date”) to WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) at its office at MAC N9305-187, 90 South Seventh Street, Minneapolis, Minnesota, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of $10,000,000, or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.
FOURTH AMENDMENT TO CREDIT AGREEMENT AND WAIVER OF EVENT OF DEFAULTCredit Agreement • May 7th, 2015 • Communications Systems Inc • Telephone & telegraph apparatus
This Fourth Amendment to Credit Agreement and Waiver of Event of Default (this “Amendment”), dated as of May 7, 2015, is entered into by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Communications Systems”), JDL TECHNOLOGIES, INCORPORATED, a Minnesota corporation (“JDL”), TRANSITION NETWORKS, INC., a Minnesota corporation (“Transition Networks”), and SUTTLE, INC., a Minnesota corporation (“Suttle”; together with Communications Systems, JDL and Transition Networks, “Borrowers” and each a “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
