REPLACEMENT PROMISSORY NOTE $4,464,778.55 Minneapolis, Minnesota Due: September 1, 1999 November 7, 1996 FOR VALUE RECEIVED, the undersigned, Sunrise Resources, Inc., a Minnesota corporation ("Sunrise") and Sunrise Leasing Corporation, a Minnesota...Promissory Note • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing
FOR VALUE RECEIVED, the undersigned, Sunrise Resources, Inc., a Minnesota corporation ("Sunrise") and Sunrise Leasing Corporation, a Minnesota corporation (SLC; and together with Sunrise being sometimes hereinafter referred to collectively as the "Borrowers" and individually as a "Borrower"), jointly and severally promise to pay to the order of The Daiwa Bank, Limited (the "Lender"), at The Sumitomo Bank, Ltd., ABA Number 071001850 for credit account of The Daiwa Bank, Ltd, Tokyo A/C Number 010021413, Reference: Sunrise Resources (or other location specified by the Lender), the sum of Four Million Four Hundred Sixty Four Thousand Seven Hundred Seventy-Eight and 55/100ths Dollars ($4,464,778.55).
RECITALSCredit Agreement • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing • Minnesota
RECITALS:Loan and Security Agreement • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing
Amendment to Security Agreement Dated June 22, 1995 Between Sunrise Leasing Corporation ("Borrower") and King Holding Corporation ("Secured Party")Security Agreement • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing
Borrower wishes to finance $1,955,038.85 of Equipment under its current facility with Secured Party under the same terms and conditions except as changed herein, by providing Secured Party with Collateral pursuant to this Security Agreement. Secured Party agrees to advance $1,955,038.85 to Borrower under the terms and conditions below.
RECITALSPromissory Note Extension Agreement • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing
Employment Agreement This Agreement incorporates the employment arrangement between ILC and you as of the date executed below: 1. Your title, duties and compensation in the subsequent organization shall be described to you prior to the change of...Employment Agreement • November 14th, 1996 • Sunrise Resources Inc\mn • Services-computer rental & leasing
