0000897101-04-001919 Sample Contracts

September 21, 2004
Insignia Systems Inc/Mn • September 22nd, 2004 • Miscellaneous manufacturing industries

Special Situations Fund III, L.P.Special Situations Cayman Fund, L.P.Special Situations Private Equity Fund, L.P.153 East 53rd Street, 55th Floor New York, New York 10022

Sample 1
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SECURITY AGREEMENT
Security Agreement • September 22nd, 2004 • Insignia Systems Inc/Mn • Miscellaneous manufacturing industries
Sample 1
FINANCING AGREEMENT
Financing Agreement • September 22nd, 2004 • Insignia Systems Inc/Mn • Miscellaneous manufacturing industries • Minnesota

This Financing Agreement is entered into by and between Itasca Business Credit, Inc. (“Lender”) and Insignia Systems, Inc. (“Borrower”).

Sample 1
REVOLVING NOTE
Insignia Systems Inc/Mn • September 22nd, 2004 • Miscellaneous manufacturing industries

This Note may be prepaid in whole at any time or from time to time in part in accordance with the terms and provisions of the Financing Agreement, provided that any prepayment in whole of this Note shall include accrued interest thereon. This Note is issued pursuant to, and is subject to, the Financing Agreement, which provides for, among other things, acceleration hereof. This Note is the Note referred to in the Financing Agreement.

Sample 1
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