CONVERTIBLE REVOLVING PROMISSORY NOTEAdvance Display Technologies Inc • June 19th, 2009 • Patent owners & lessors
THIS CONVERTIBLE REVOLVING PROMISSORY NOTE (the “Note”) is executed and delivered under and pursuant to the terms of that certain First Amendment of even date herewith (the “Amendment”) to the Senior Secured Revolving Credit Agreement (the “Loan Agreement”) dated November 6, 2008, by and between ADVANCE DISPLAY TECHNOLOGIES, INC., a Colorado corporation (the “Borrower”) and DEGEORGE HOLDINGS THREE LLC, a Delaware limited liability company (the “Lender”). For purposes of this Note, all references to the Loan Agreement herein shall include the terms sets forth in the Amendment. Capitalized terms not otherwise defined herein shall have the meanings provided in the Loan Agreement.
FIRST AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENTRevolving Credit Agreement • June 19th, 2009 • Advance Display Technologies Inc • Patent owners & lessors • Colorado
THIS FIRST AMENDMENT TO SENIOR SECURED REVOLVING CREDIT AGREEMENT (this “Amendment”) is effective as of this 15th day of June, 2009 (“Effective Date”), by and between Advance Display Technologies, Inc., a Colorado corporation (the “Borrower”) and DeGeorge Holdings Three LLC, a Delaware limited liability company (the “Lender”).
