SECOND AMENDMENT TO TERM CREDIT AGREEMENTTerm Credit Agreement • October 8th, 2004 • Entrada Networks Inc • Computer peripheral equipment, nec • California
THIS SECOND AMENDMENT TO TERM CREDIT AGREEMENT ("Amendment") is made and entered into as of October 1, 2004 (the "Effective Date) by and among ENTRADA NETWORKS, INC., a Delaware corporation ("Borrower"), HONG KONG LEAGUE CENTRAL CREDIT UNION, in its capacity as a lender under the Credit Agreement (as hereinafter defined) ("Hong Kong League"), HIT CREDIT UNION, in its capacity as a lender under the Credit Agreement ("HIT"), BRIGHTLINE BRIDGE PARTNERS I, LLC, in its capacity as a lender under the Credit Agreement ("Brightline"), MATTHEW MCGOVERN ("McGovern"), in his capacity as a lender under the Credit Agreement, JON BUTTLES ("Buttles"), in his capacity as a lender under the Credit Agreement and SBI ADVISORS, LLC, a California limited liability company, in its capacity as agent for Lenders ("Agent")), and is made with reference to the following:
FORM OF TERM NOTEEntrada Networks Inc • October 8th, 2004 • Computer peripheral equipment, nec • California
FOR VALUE RECEIVED, the undersigned, ENTRADA NETWORKS, INC., a Delaware corporation (the "Borrower"), HEREBY UNCONDITIONALLY PROMISES TO PAY to the order of HONG KONG LEAGUE CENTRAL CREDIT UNION (the "Lender"), without offset or counterclaim, the principal sum of Seven Hundred and Fifty Thousand U.S. Dollars (U.S.$750,000) on or before March 31, 2005. The Borrower further promises to pay interest on the Term Loan outstanding hereunder from time to time at the interest rates, and payable on the dates, set forth in the Credit Agreement referred to below. This Term Note may be prepaid at any time prior to the Maturity Date without premium or penalty.
