AMENDMENT TO THIRD AMENDED AND RESTATED 4% CONVERTIBLE NOTEDelta Mutual Inc • April 15th, 2008 • Services-business services, nec
AMENDMENT TO THIRD AMENDED AND RESTATED 4% CONVERTIBLE NOTE, is dated as of February 14, 2008; made by and between Delta Mutual, Inc., a Delaware corporation, with its principal offices located at 111 North Branch Street, Sellersville, PA 18960 (the “Borrower”) and T&T Vermoegensverwaltungs AG, as lawful transferee, with the mailing address of Alte Bergstrasse No. 171, Uetikon 8707, Switzerland (the “Holder”). Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such term in the Original Note.
DELTA MUTUAL, INC. 6% PROMISSORY NOTEDelta Mutual Inc • April 15th, 2008 • Services-business services, nec • Pennsylvania
FOR VALUE RECEIVED, DELTA MUTUAL INC., a Delaware corporation (the "Company"), with offices at 111 North Branch Street, Sellersville, PA 18960, promises to pay to __________, (the "Lender"), with a mailing address of __________, in lawful money of the United States of America, the principal sum of __________Thousand Dollars ($_____), together with interest from the date of this Note on the unpaid principal balance at a rate equal to six percent (6.0%) per annum, computed on the basis of a year of 360 days. All unpaid principal, together with any then unpaid and accrued interest, shall be due and payable at any time after the earlier of each of (i) the Maturity Date (as defined below), or (ii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by the Lender or made automatically due and payable in accordance with the terms hereof.
DELTA MUTUAL, INC. AMENDED AND RESTATED 8% TERM NOTEDelta Mutual Inc • April 15th, 2008 • Services-business services, nec • Pennsylvania
FOR VALUE RECEIVED, DELTA MUTUAL INC., a Delaware corporation (the "Company"), with offices at 111 North Branch Street, Sellersville, PA 18960, promises to pay _____________________ (the "Lender"), in care of __________ in lawful money of the United States of America, the principal sum of ______Thousand Dollars ($_______), together with interest from the date of this Note on the unpaid principal balance at a rate equal to eight percent (8%) per annum, computed on the basis of a year of 360 days. The principal amount, shall be due and payable in seven installments, each in the amounts indicated on (i) the Payment Dates (as defined below), or (ii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Lender or made automatically due and payable in accordance with the terms hereof.
