REVOLVING CREDIT NOTE (the “Note”)Revolving Credit Note • February 8th, 2008 • Odyssey Marine Exploration Inc • Water transportation
FOR VALUE RECEIVED, the undersigned borrower, ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation (“Borrower”) promises to pay to the order of FIFTH THIRD BANK, a Michigan banking corporation (“Lender”), at 201 E. Kennedy Blvd., Suite 1800, Tampa, Florida 33602, or at such other place as Lender may from time to time designate in writing, with payment due as provided herein and in the Revolving Credit Loan and Security Agreement of even date herewith (the “Credit Agreement”), the principal sum not to exceed $5,000,000.00, or so much thereof as has been disbursed for advances hereunder.
REVOLVING CREDIT LOAN AND SECURITY AGREEMENTLoan and Security Agreement • February 8th, 2008 • Odyssey Marine Exploration Inc • Water transportation • Florida
THIS REVOLVING CREDIT LOAN AND SECURITY AGREEMENT (the “Loan Agreement”) is made as of this day of February, 2008, effective as of February 8, 2008, among FIFTH THIRD BANK, a Michigan banking corporation, having a mailing address of 201 East Kennedy Boulevard, Suite 1800, Tampa, Florida 33602 (the “Bank”) and ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation, authorized to do business in Florida, having its principal place of business at 5215 West Laurel Street, Tampa, Florida 33607 (“Borrower”).
