Note Purchase. Subject to the terms and conditions set forth in this Agreement and the other Loan Documents, on the Closing Date, Issuer shall issue and sell to the Purchaser, and the Purchaser agrees to purchase Issuer’s Unsecured Subordinated Note substantially in the form attached hereto as Exhibit 2.1 (the “Note”) in the amount of $15,000,000. The purchase price for the Note shall be the in the original principal amount of $15,000,000. Issuer’s obligation to repay the purchase price for the Note shall be evidenced by the Note, and such obligation shall be repaid in accordance with the terms of the Note and this Agreement.
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Sources: Subordination Agreement (Transport America, Inc.), Subordination Agreement (Transport America, Inc.)