June 11, 2010Loan and Security Agreement • June 15th, 2010 • Wegener Corp • Radio & tv broadcasting & communications equipment
Wegener Communications, Inc., a Georgia corporation (“Borrower”), and The David E. Chymiak Trust Dated December 15, 1999 (“Trust”), as assignee of the Bank of America, N.A., successor interest by merger to LaSalle Bank National Association, respecting a $4,000,000 Loan and Security Agreement (“Security Agreement”), which Security Agreement has been previously amended twelve times, wish to further amend the Security Agreement as provided herein (the “Thirteenth Amendment”).
Promissory Note AmendmentPromissory Note • June 15th, 2010 • Wegener Corp • Radio & tv broadcasting & communications equipment
Wegener Communications, Inc., a Georgia corporation ("Borrower") and David E. Chymiak (“Lender”) have entered into an unsecured Promissory Note, dated October 1, 2009 (“Promissory Note”), as amended, in the amount of two hundred and fifty thousand dollars ($250,000) with a maturity date of October 31, 2009, bearing interest at an annual rate of 8.0%.
