AMCON DISTRIBUTING COMPANY SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • March 10th, 2006 • Draupnir LLC • Wholesale-groceries, general line • Delaware
This Securities Purchase Agreement (“Agreement”) as of the 3rd day of March, 2006 by and between AMCON DISTRIBUTING COMPANY, a Delaware corporation (the “Company” or “AMCON”) and Draupnir Capital, LLC, a Delaware limited liability company (the “Purchaser”).
GRID DEMAND PROMISSORY NOTE (LIBOR/PRIME)Promissory Note • March 10th, 2006 • Draupnir LLC • Wholesale-groceries, general line • New York
For value received, Draupnir, LLC (the “Borrower”) hereby promises to pay to the order of JPMorgan Chase Bank, N.A. (the “Bank”) at its office at 345 Park Avenue, New York, New York 10154-1002 for the account of the lending office of the Bank, the principal amount of Ten Million Dollars ($10,000,000) or, if less, the aggregate unpaid principal amount of all loans made to the undersigned by the Bank and outstanding under this Note (the “Loans”) on the earlier of April 15, 2007 or DEMAND.
