AMENDED AND RESTATED REIMBURSEMENT LOAN NOTE $4,000,000 San Francisco, California January 17, 1997 WHEREAS, Hambrecht & Quist California, a wholly owned subsidiary of Hambrecht & Quist Group (the "Lender"), pursuant to the terms of that certain...Reimbursement Loan Note • March 28th, 1997 • Vanguard Airlines Inc \De\ • Air transportation, scheduled
WHEREAS, Hambrecht & Quist California, a wholly owned subsidiary of Hambrecht & Quist Group (the "Lender"), pursuant to the terms of that certain Reimbursement Agreement, dated as of December 31, 1996, by and among Vanguard Airlines, Inc., a Delaware corporation (the "Corporation" or "Borrower") and Lender, as amended from time to time (the "Agreement"), has caused a Letter of Credit to be established for the benefit of Michigan National Bank; and
