TERM LOAN NOTETerm Loan Note • November 6th, 2006 • Acies Corp • Services-computer programming services
FOR VALUE RECEIVED, Acies, Inc. ("Maker"), unconditionally promises to pay to RBL Capital Group, LLC, a New York limited liability company (together with its successors and assigns, "Payee"), having a place of business at 16w281 83rd, Burr Ridge, IL 60527 or at such other place as the holder of this Term Loan Note ("Note") may hereafter direct in writing, the principal sum of $350,000.00, as provided in that certain Loan and Security Agreement, dated of even date herewith, between Maker and Payee (the "Loan Agreement" -- initially capitalized terms used but not defined herein shall have the meaning ascribed thereto in the Loan Agreement). The obligations are secured by the Collateral as set forth in the Loan Agreement.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 6th, 2006 • Acies Corp • Services-computer programming services • New York
THIS LOAN AND SECURITY AGREEMENT (the "Agreement") has been executed, as of this 31st day of October, 2006 ("Closing Date"), by and between RBL Capital Group, LLC, a New York limited liability company ("RBL"), and Acies Inc., a wholly owned subsidiary of Acies Corporation ("Borrower").
