EXHIBIT 10.17 REVOLVING NOTERevolving Note • April 14th, 2004 • Cti Industries Corp • Fabricated rubber products, nec • Illinois
FOR VALUE RECEIVED, on or before the end of the Original Term or any applicable Renewal Term (or, if such day is not a Business Day, on the next following Business Day), the undersigned, CTI INDUSTRIES CORPORATION, an Illinois corporation, and CTI HELIUM, INC., an Illinois corporation (collectively, the "Borrowers" and, individually, each a "Borrower"), jointly and severally, each promise to pay to the order of COLE TAYLOR BANK (herein, together with its successors and assigns, called the "Lender"), the maximum principal sum of SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) or, if less, the aggregate unpaid principal amount of all Revolving Loans made by Lender to any one or more of the Borrowers pursuant to that certain Loan and Security Agreement of even date herewith among the Borrowers and Lender (herein, as the same may be amended, modified, restated or supplemented from time to time, called the "Loan Agreement").
