FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • October 16th, 2006 • Synergetics Usa Inc • Electromedical & electrotherapeutic apparatus • Missouri
This First Amendment to Credit and Security Agreement (“First Amendment”) is entered into as of September 26, 2006 by among by Synergetics, Inc., a Missouri corporation (“Synergetics”), and Synergetics USA, Inc., a Delaware corporation (“Synergetics USA”) (individually, a “Borrower” and together, the “Borrowers”), Regions Bank (“Regions) in its capacities as Agent and a Lender, and Wachovia Bank, National Association (“Wachovia”), in its capacity as a Lender.
REVOLVING NOTE (Regions Bank)Revolving Note • October 16th, 2006 • Synergetics Usa Inc • Electromedical & electrotherapeutic apparatus
FOR VALUE RECEIVED, the undersigned, SYNERGETICS, INC., a Missouri corporation, and SYNERGETICS USA, INC., a Delaware corporation (individually, a “Borrower” and together, the “Borrowers”), hereby jointly and severally promise to pay on the Termination Date to the order of Regions Bank (the “Lender”), at its main office in St. Louis, Missouri, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds, the principal sum of Three Million Five Hundred Thousand and 00/100 ($3,500,000) or, if less, the aggregate unpaid principal amount of all Advances and Swing Line Loans made by the Lender to the Borrowers under the Credit Agreement (defined below), together with interest on the principal amount hereunder remaining unpaid from time to time, computed on the basis of the actual number of days elapsed and a 360-day year, from the date hereof until this Note is fully paid at the rate from time to time i
September 28, 2006 Synergetics, Inc. 3845 Corporate Centre Drive O’Fallon, MO 63368Synergetics Usa Inc • October 16th, 2006 • Electromedical & electrotherapeutic apparatus
This letter confirms our agreement to extend the maturity date for this Loan from 09/30/06 (the “Old Maturity”) to 10/31/2006 (the “New Maturity”), subject to the following terms and conditions:
REVOLVING NOTE (Wachovia Bank, National Association)Revolving Note • October 16th, 2006 • Synergetics Usa Inc • Electromedical & electrotherapeutic apparatus
FOR VALUE RECEIVED, the undersigned, SYNERGETICS, INC., a Missouri corporation, and SYNERGETICS USA, INC., a Delaware corporation (individually, a “Borrower” and together, the “Borrowers”), hereby jointly and severally promise to pay on the Termination Date to the order of Wachovia Bank, National Association (the “Lender”), at the main office of Regions Bank in St. Louis, Missouri, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds, the principal sum of Two Million and 00/100 ($2,000,000) or, if less, the aggregate unpaid principal amount of all Advances made by the Lender to the Borrowers under the Credit Agreement (defined below), together with interest on the principal amount hereunder remaining unpaid from time to time, computed on the basis of the actual number of days elapsed and a 360-day year, from the date hereof until this Note is fully paid at the rate from time to time in effe
