SECURITY AGREEMENT (Grantor)Security Agreement • June 27th, 2005 • Compex Technologies Inc • Electromedical & electrotherapeutic apparatus • Minnesota
This SECURITY AGREEMENT is made as of June 23, 2005 by SpectraBrace, Ltd., a Kentucky corporation, with its chief executive office at 11802 Brinley Avenue, Louisville, Kentucky 40243 (“Grantor”), in favor of U.S. Bank National Association, with an office at 800 Nicollet Mall, Minneapolis, Minnesota 55402 (“Lender”).
AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • June 27th, 2005 • Compex Technologies Inc • Electromedical & electrotherapeutic apparatus • Minnesota
This Amendment No. 2 to Amended and Restated Credit Agreement dated as of June 23, 2005 (the “Amendment”), among Compex Technologies, Inc., a Minnesota corporation f/k/a Rehabilicare, Inc. (the “Borrower”), and U. S. Bank National Association, a national banking association (the “Bank”).
GUARANTYGuaranty • June 27th, 2005 • Compex Technologies Inc • Electromedical & electrotherapeutic apparatus • Minnesota
TERM NOTETerm Note • June 27th, 2005 • Compex Technologies Inc • Electromedical & electrotherapeutic apparatus • Minnesota
FOR VALUE RECEIVED, the undersigned, COMPEX TECHNOLOGIES, INC., a Minnesota corporation f/k/a Rehabilicare Inc. (the “Borrower”), promises to pay to the order of U.S. Bank National Association, a national banking association (the “Bank”), the principal sum of Three Million Three Hundred Thousand and No/100ths Dollars ($3,300,000.00) in the number and amount of installments and on the installment due dates specified in Section 4.2 of the Credit Agreement. The Term Loan and all payments of principal shall be recorded by the holder in its records which records shall be conclusive evidence of the subject matter thereof, absent manifest error.
