Commercial Note Borrower: Debut Broadcasting Mississippi, Inc Date: August 22, 2008 Borrower Address: 1209 16th Avenue S. Ste 200 Nashville, TN 37212 Loan Amount: Five Hundred Thousand Dollars and no cents ($500,000.00) Account No : 10969113 Note No :...Debut Broadcasting Corporation, Inc. • August 28th, 2008 • Radio broadcasting stations • Tennessee
For value received, the borrower(s) named above whether one or more, (the "Borrower"), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation ("Sun-Trust") without offset in U.S. Dollars and in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this commercial note and any modifications, renewals, extensions or replacements thereof (this "Note") if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below
SUNTRUST Security AgreementSuntrust Security Agreement • August 28th, 2008 • Debut Broadcasting Corporation, Inc. • Radio broadcasting stations • Tennessee
This Security Agreement dated as of August 22, 2008, made by Debut Broadcasting Mississippi, Inc. (the "Owner") in favor of SunTrust Bank, its present and future affiliates and their successors and assigns (collectively, "SunTrust") provides:
Dear Mr. Ludwig:Debut Broadcasting Corporation, Inc. • August 28th, 2008 • Radio broadcasting stations
This Sun Trust Collateral Letter dated August 22, 2008 is entered into by and between SunTrust and Debut Broadcasting Mississippi, Inc. ("Borrower"). Sun Trust and Borrower simultaneous herewith have entered into a Commercial Note and Loan Facility in the amount of $500,000 ("the Loan") secured by certain Collateral owned by Borrower. SunTrust hereby agrees that the Collateral subject to the Loan is confined only to the radio station assets currently or hereafter owned by Borrower that relate to Borrower's ownership, control or operation of certain radio stations located in and around Greenville, MS and known as WIQQ-FM, WBAQ-FM, WNIX-AM, WNLA-AM and WNLA-FM (the "Greenville Stations"). The Collateral does not include any radio station assets not used in connection with the ownership, control or operation of the Greenville Stations that Borrower presently or in the future owns, controls or operates pursuant to a Time Brokerage Agreement including but not limited to WBBV-F M and KLSM-FM
