RIVIERA INVESTMENTS, INC.Security Agreement • December 31st, 2008 • Rubber Research Elastomerics Inc • Fabricated rubber products, nec
that certain letter loan agreement dated as of November 13, 2008 (the “Loan Agreement”; capitalized terms not defined herein being used herein as therein defined), between RUBBER RESEARCH ELASTOMERICS, INC., a Minnesota corporation (the “Borrower”) and RIVIERA INVESTMENTS, INC., a California corporation (the “Lender”); and
AMENDED AND RESTATED DEMAND NOTERubber Research Elastomerics Inc • December 31st, 2008 • Fabricated rubber products, nec
FOR VALUE RECEIVED, the undersigned, RUBBER RESEARCH ELASTOMERICS, INC., a Minnesota corporation, (the “Borrower”) promises to pay to the order of RIVIERA INVESTMENTS, INC., a California corporation (the “Lender”), the principal sum of FOUR HUNDRED THOUSAND AND NO/100THS DOLLARS ($400,000.00) ON DEMAND, or if no earlier demand has been made, on October 15, 2009 (the earlier of such dates being the “Termination Date”).
