ContractTucows Inc /Pa/ • November 21st, 2012 • Services-computer processing & data preparation
BORROWER: Tucows.com Co. (Nova Scotia) GUARANTORS: Corporate Guarantee signed by Tucows (Delaware) Inc, and Tucows Inc., LENDER: Bank of Montreal CURRENCY: All amounts herein are expressed in Canadian Dollars unless otherwise specified. Credit Facility #1 Demand Loan Revolving (“DLR”) (R) Amount Advances under Fac. 1 & 2 not to exceed USD$14,000,000 (CAD $14,854,000 @ 1.061) Loan Purpose The Facility shall be used by the Borrower for the following: i. To finance Permitted Acquisitions; and ii. To finance repurchase of shares of the Borrower Provided that the Borrower is at such time within the covenants and no event of default is occurring or will occur as a result of such a transaction. Availability US Base Rate based loans Drawdowns will be available in multiple draws limited to the loan purpose stated above in any given year. All balances outstanding under this Facility shall be fully repaid within 30 days of December 31st of each year end (that being the Company’s fiscal year end)
