FORM OF LINE OF CREDIT GRID NOTELine of Credit Agreement • July 12th, 2007 • Versadial, Inc. • Miscellaneous manufacturing industries
FOR VALUE RECEIVED, the undersigned, Versadial, Inc. (formerly known as Carsunlimited.com, Inc.), a Nevada corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of Fursa Alternative Strategies, LLC, a Delaware limited liability company (the “Lender”), at its principal office located at 200 Park Avenue, 54th floor, New York, New York, 10166, or at such other address as it may direct, in lawful money of the United States and in immediately available funds the aggregate unpaid principal amount of all Advances made to the Borrower by the Lender, plus interest thereon from the date of each such Advance on the unpaid principal amount of such Advance, in like money, at said office, at a rate per annum equal to the Interest Rate defined in the Secured Line of Credit Agreement dated February 1, 2007, as amended on July 9, 2007 between the Lender and the Borrower (in its original form and as it may be hereafter amended or otherwise modified, the “Agreement”). As provided in the Agree
AMENDMENT NO. 1 TO CREDIT AGREEMENTCredit Agreement • July 12th, 2007 • Versadial, Inc. • Miscellaneous manufacturing industries • New York
This AMENDMENT NO. 1 (this “Amendment”) to the SECURED LINE OF CREDIT AGREEMENT dated as of February 1, 2007 (the “Credit Agreement”) by and between FURSA ALTERNATIVE STRATEGIES, LLC, as the lender (the “Lender”) and VERSADIAL, INC. (formerly known as CARSUNLIMITED.COM), as the borrower (the “Borrower”) is made and entered into as of this 9th day of July 2007 by and between the Lender and the Borrower. Capitalized terms used but not defined in this Amendment have the meanings assigned to them in the Credit Agreement.
