AMENDED, MODIFIED EXTENDED AND RESTATED NON-REVOLVING LINE OF CREDIT NOTE AND CREDIT AGREEMENTNon-Revolving Line of Credit Note and Credit Agreement • March 31st, 2011 • Emerging Vision Inc • Retail-retail stores, nec • New York
This Note extends, reduces, modifies, and restates a note originally dated as of August 7, 2007 executed by EMERGING VISION, INC. in favor of MANUFACTURERS AND TRADERS TRUST COMPANY (the “Original Note”) in the original amount of $6,000,000.00 (the “Original Loan”), which note was thereafter amended by amendments dated November 14, 2008, April 1, 2009, October , 2009 and March 31, 2010, which, among other things, reduced the Line of Credit to $5,750,000.00, and thereafter further reduced it to $4,251,921.13 (the “Line of Credit”), representing the aggregate sum of the principal balance outstanding and a Letter of Credit Sublimit for existing Letters of Credit.
