Secured Non-Negotiable Subordinated Promissory Note Sample Contracts

Contract

Secured Non-Negotiable Subordinated Promissory Note • December 4th, 2012 • Ari Network Services Inc /Wi • Services-computer programming, data processing, etc. • Delaware

• Contract Type
  Secured Non-Negotiable Subordinated Promissory Note
• Filed
  December 4th, 2012
• Company
  Ari Network Services Inc /Wi
• Industry
  Services-computer programming, data processing, etc.
• Jurisdiction
  Delaware

THIS SECURED NON-NEGOTIABLE SUBORDINATED PROMISSORY NOTE (“NOTE”) IS SUBORDINATED TO ALL “SENIOR DEBT” NOW OR HEREAFTER OWING BY THE ISSUER TO FIFTH THIRD BANK (THE “BANK”), AS PROVIDED IN THAT CERTAIN SUBORDINATION AGREEMENT DATED AS OF NOVEMBER 28, 2012, AS IT MAY BE AMENDED, RESTATED, MODIFIED OR SUPPLEMENTED AND IN EFFECT FROM TIME TO TIME.

FIRST AMENDMENT TO SECURED NON-NEGOTIABLE SUBORDINATED PROMISSORY NOTE

Secured Non-Negotiable Subordinated Promissory Note • March 18th, 2013 • Ari Network Services Inc /Wi • Services-computer programming, data processing, etc. • Delaware

• Contract Type
  Secured Non-Negotiable Subordinated Promissory Note
• Filed
  March 18th, 2013
• Company
  Ari Network Services Inc /Wi
• Industry
  Services-computer programming, data processing, etc.
• Jurisdiction
  Delaware

This First Amendment to Secured Non-Negotiable Subordinated Promissory Note (this “Amendment”) is entered into as of March 15, 2013, between ARI Network Services, Inc., a Wisconsin corporation (the “Issuer”), and Michael D. Sifen, Inc., a Virginia corporation (the “Holder”).