Note And Security Agreement Sample Contracts

Non-Invasive Monitoring System – Seventh AMENDMENT TO NOTE AND SECURITY AGREEMENT (August 2nd, 2018)

THIS seventh Amendment (THE "SEVENTH AMENDMENT") DATED July 27, 2018 to THE Note and Security Agreement (THE "AGREEMENT") dated AS OF March 31, 2010, and as amended on March 14, 2011 (the "First Amendment"), July 29, 2011 (the "Second amendment"), MAY 30, 2012 (THE "tHIRD AMENDMENT"), April 8, 2013 (the "Fourth Amendment"), July 27, 2015 (THE "FIFTH AMENDMENT") and july 20, 2017 (the "sixth amendment") AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE "BORROWER") AND FROST GAMMA INVESTMENTS TRUST ("FROST GAMMA") AND HSU GAMMA INVESTMENTS, L.P. ("HSU GAMMA" AND, TOGETHER WITH FROST GAMMA, "LENDER"). THE AGREEMENT, ALONG WITH THE FIRST AMENDMENT, SECOND AMENDMENT, THIRD AMENDMENT, FOURTH AMENDMENT, FIFTH AMENDMENT, SIXTH AMENDMENT, AND SEVENTH AMENDMENT SHALL BE REFERRED TO HEREIN AS THE AMENDED AGREEMENT.

Non-Invasive Monitoring System – Sixth Amendment to Note and Security Agreement (July 26th, 2017)

THIS SIXTH Amendment (THE "SIXTH AMENDMENT") DATED July 20, 2017 to THE Note and Security Agreement (THE "AGREEMENT") dated AS OF March 31, 2010, and as amended on March 14, 2011 (the "First Amendment"), July 29, 2011 (the "Second amendment"), MAY 30, 2012 (THE "tHIRD AMENDMENT"), April 8, 2013 (the "Fourth Amendment"), AND July 27, 2015 (THE "FIFTH AMENDMENT") AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE "BORROWER") AND FROST GAMMA INVESTMENTS TRUST ("FROST GAMMA") AND HSU GAMMA INVESTMENTS, L.P. ("HSU GAMMA" AND, TOGETHER WITH FROST GAMMA, "LENDER"). THE AGREEMENT, ALONG WITH THE FIRST AMENDMENT, SECOND AMENDMENT, THIRD AMENDMENT, FOURTH AMENDMENT, FIFTH AMENDMENT, AND SIXTH AMENDMENT SHALL BE REFERRED TO HEREIN AS THE AMENDED AGREEMENT.

Pedevco Corp. – Amendment No. 2 to Note and Security Agreement (May 17th, 2016)

This Amendment No. 2 to Note and Security Agreement ("Second Amendment") is entered into as of May 12, 2016 ("Effective Date"), is by and among RJ CREDIT LLC, a Delaware limited liability company ("Lender"), and PEDEVCO CORP., a company organized and existing under the State of Texas ("Borrower"), collectively referred to hereinafter as the "Parties."

Ameriquest, Inc. – Form OF Note and Security Agreement (Multi-State) (November 9th, 2015)

LENDER: Mercedes-Benz Financial Services USA LLC (13650 Heritage Parkway, Fort Worth, Texas 76177), and its successors, transferees and assigns,

Non-Invasive Monitoring System – Fifth Amendment to Note and Security Agreement (July 30th, 2015)

THIS FIFTH AMENDMENT (THE FIFTH AMENDMENT) DATED JULY 27, 2015 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF MARCH 31, 2010, AND AS AMENDED ON MARCH 14, 2011 (THE FIRST AMENDMENT), JULY 29, 2011 (THE SECOND AMENDMENT), MAY 30, 2012 (THE THIRD AMENDMENT), AND APRIL 18, 2013 (THE FOURTH AMENDMENT) AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE BORROWER) AND FROST GAMMA INVESTMENTS TRUST (FROST GAMMA) AND HSU GAMMA INVESTMNETS, L.P. (HSU GAMMA AND, TOGETHER WITH FROST GAMMA, LENDER). THE AGREEMENT, ALONG WITH THE FIRST AMENDMENT, SECOND AMENDMENT, THIRD AMENDMENT, FOURTH AMENDMENT, AND FIFTH AMENDMENT, SHALL BE REFERRED TO HEREIN AS THE AMENDED AGREEMENT.

Ameriquest, Inc. – Form OF Note and Security Agreement (Multi-State) (June 11th, 2015)

LENDER: Mercedes-Benz Financial Services USA LLC (13650 Heritage Parkway, Fort Worth, Texas 76177), and its successors, transferees and assigns,

Pedevco Corp. – Note and Security Agreement (February 24th, 2015)

This Note and Security Agreement, dated as of April 10th, 2014 (this "Agreement"), is entered into by RJ RESOURCES CORP., a Delaware corporation ("Borrower"), and given to RJ CREDIT LLC ("Lender").

Pedevco Corp. – Amendment to Note and Security Agreement (February 24th, 2015)

This Amendment of Note and Security Agreement ("Amendment") is entered into as of February 23, 2015 ("Effective Date"), is by and among RJ CREDIT LLC, a Delaware limited liability company ("Lender"), and PEDEVCO CORP. a company organized and existing under the State of Texas ("Borrower"), collectively referred to hereinafter as the "Parties."

RICHFIELD OIL & GAS Co – Amended and Restated Note and Security Agreement (July 23rd, 2014)

This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.

Stratex Oil & Gas Holdings, Inc. – Amended and Restated Note and Security Agreement (July 23rd, 2014)

This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.

Stratex Oil & Gas Holdings, Inc. – Amended and Restated Note and Security Agreement (July 23rd, 2014)

This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.

Stratex Oil & Gas Holdings, Inc. – Amended and Restated Note and Security Agreement (July 23rd, 2014)

This Amended and Restated Note and Security Agreement (this "Note and Agreement") amends and restates, and is in substitution and replacement for, but not in payment of, that certain Note and Security Agreement dated May 6, 2014, by Makers and Payee in the original principal amount of $3,000,000 (the "Existing Note and Agreement"). The outstanding indebtedness evidenced by the Existing Note and Agreement is continuing indebtedness, and nothing herein shall be deemed to constitute a payment, settlement, extinguishment, cancellation or novation of the indebtedness under the Existing Note and Agreement. All amounts outstanding under the Existing Note and Agreement shall be automatically transferred to, and shall be deemed to be outstanding under this Note and Agreement. Payeehas agreed to modify the Existing Note and Agreement on the terms set forth in this Note and Agreement for good and valuable consideration.

Stratex Oil & Gas Holdings, Inc. – Note and Security Agreement (May 7th, 2014)

FOR VALUE RECEIVED, each of the undersigned, RICHFIELD OIL & GAS COMPANY, a Nevada corporation ("Richfield"), HEWITT ENERGY GROUP, INC., a Texas corporation ("HEG"), HEWITT OPERATING, INC., a Utah corporation ("HOI"), HOI KANSAS PROPERTY SERIES, LLC, a Kansas series limited liability company ("HOI Kansas"), and HOI UTAH PROPERTY SERIES, LLC, a Utah series limited liability company ("HOI Utah"), and each of the series companies of HOI Kansas and HOI Utah (the "Series Companies"), each with an address of 175 South Main Street, Suite 900, Salt Lake City, UT 84111, (Richfield, HEG, HOI, HOI Kansas, HOI Utah, and the Series Companies, each a "Maker" and collectively, the "Makers"), hereby promise to pay STRATEX OIL & GAS HOLDINGS, INC., a Colorado corporation with an address of 30 Echo Lake Road, Watertown, CT 06795 (the "Payee"), the principal amount of (i) Three Million Dollars ($3,000,000.00) or (ii) such lesser amount as may be advanced to or for the benefit of the Makers hereunder, in

Stratex Oil & Gas Holdings, Inc. – May 6, 2014 (May 7th, 2014)
RICHFIELD OIL & GAS Co – Note and Security Agreement (May 7th, 2014)

FOR VALUE RECEIVED, each of the undersigned, RICHFIELD OIL & GAS COMPANY, a Nevada corporation ("Richfield"), HEWITT ENERGY GROUP, INC., a Texas corporation ("HEG"), HEWITT OPERATING, INC., a Utah corporation ("HOI"), HOI KANSAS PROPERTY SERIES, LLC, a Kansas series limited liability company ("HOI Kansas"), and HOI UTAH PROPERTY SERIES, LLC, a Utah series limited liability company ("HOI Utah"), and each of the series companies of HOI Kansas and HOI Utah (the "Series Companies"), each with an address of 175 South Main Street, Suite 900, Salt Lake City, UT 84111, (Richfield, HEG, HOI, HOI Kansas, HOI Utah, and the Series Companies, each a "Maker" and collectively, the "Makers"), hereby promise to pay STRATEX OIL & GAS HOLDINGS, INC., a Colorado corporation with an address of 30 Echo Lake Road, Watertown, CT 06795 (the "Payee"), the principal amount of (i) Three Million Dollars ($3,000,000.00) or (ii) such lesser amount as may be advanced to or for the benefit of the Makers hereunder, in

Amended and Restated Note and Security Agreement (November 8th, 2013)

AMENDED AND RESTATED NOTE AND SECURITY AGREEMENT (this "Agreement"), dated as of October 31, 2013, by and among David Sheerr, whose principal address is 130 Corporate Drive, Montgomeryville, PA 18936 ("Sheerr") and Dataram Corporation ("Dataram"), whose principal address is Route 571, P.O. Box 7528, Princeton, NJ 08543-7528.

Non-Invasive Monitoring System – Fourth Amendment to Note and Security Agreement (April 10th, 2013)

THIS FOURT AMENDMENT (THE FOURTH AMENDMENT) DATED APRIL 8, 2013 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF MARCH 31, 2010, AND AS AMENDED ON MARCH 14, 2011 (THE FIRST AMENDMENT) JULY 29, 2011 (THE SECOND AMENDMENT) AND MAY 30, 2012 (THE THIRD AMENDMENT) AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE BORROWER) AND FROST GAMMA INVESTMENTS TRUST (FROST GAMMA) AND HSU GAMMA INVESTMNETS, L.P. (HSU GAMMA AND, TOGETHER WITH FROST GAMMA, LENDER). THE AGREEMENT, ALONG WITH THE FIRST AMENDMENT, SECOND AMENDMENT, THIRD AMENDMENT AND FOURTH AMENDMENT, SHALL BE REFERRED TO HEREIN AS THE AMENDED AGREEMENT.

Intelligent Highway Solutions, Inc. – Second Addendum to Demand Note and Security Agreement Signed April 29, 2011. (November 9th, 2012)

The parties to this addendum shall be Intelligent Highway Solutions, Inc. located at 8 Slight Sky Ct. Sacramento, CA 95828 Michael J Sullivan located at 4830 Sorento Road, Sacramento, CA 95835 ("Borrowers"), Kenneth E. Polk, located at 9226 Marina Plaza Drive North, Long Beach, CA 90803 ("Secured Party").

Non-Invasive Monitoring System – Third Amendment to Note and Security Agreement (June 5th, 2012)

THIS THIRD AMENDMENT (THE THIRD AMENDMENT) DATED MAY 30, 2012 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF MARCH 31, 2010, AND AS AMENDED ON MARCH 14, 2011 (THE FIRST AMENDMENT) AND JULY 29, 2011 (THE SECOND AMENDMENT) AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE BORROWER) AND FROST GAMMA INVESTMENTS TRUST (FROST GAMMA) AND HSU GAMMA INVESTMNETS, L.P. (HSU GAMMA AND, TOGETHER WITH FROST GAMMA, LENDER). THE AGREEMENT, ALONG WITH THE FIRST AMENDMENT, SECOND AMENDMENT AND THE THIRD AMENDMENT, SHALL BE REFERRED TO HEREIN AS THE AMENDED AGREEMENT.

Note and Security Agreement (December 15th, 2011)

NOTE AND SECURITY AGREEMENT, dated as of December 14, 2011, by and among David Sheerr, whose principal address is 130 Corporate Drive, Montgomeryville, PA 18936 ("Sheerr") and Dataram Corporation ("Dataram"), whose principal address is Route 571, P.O. Box 7528, Princeton, NJ 08543-7528.

Fourth Amendment to Note and Security Agreement (August 12th, 2011)

THIS FOURTH AMENDMENT (THE FOURTH AMENDMENT) DATED AUGUST 10, 2011 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF SEPTEMBER 4, 2007 AMONG SAFESTICH MEDICAL, INC., SAFESTITCH, LLC (COLLECTIVELY THE BORROWER) AND THE UNDERSIGNED LENDERS (LENDERS), AS AMENDED.

Non-Invasive Monitoring System – Second Amendment to Note and Security Agreement (August 4th, 2011)

THIS SECOND AMENDMENT (THE SECOND AMENDMENT) DATED JULY 29, 2011 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF MARCH 31, 2010, AND AS AMENDED ON MARCH 14, 2011 (THE FIRST AMENDMENT) AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE BORROWER) AND FROST GAMMA INVESTMENTS TRUST (FROST GAMMA) AND HSU GAMMA INVESTMNETS, L.P. (HSU GAMMA AND, TOGETHER WITH FROST GAMMA, LENDER).

Revolving Judgment Note and Security Agreement This Note Contains a Confession of Judgment. Read It Carefully. (July 13th, 2011)

FOR VALUE RECEIVED, RESOURCE CAPITAL CORP., a Maryland corporation ("RCC"), and RCC REAL ESTATE, INC., a Delaware corporation ("RCC Real Estate," together with RCC, jointly, severally and collectively, herein "Borrower"), having an office at One Crescent Drive, Suite 203, Navy Yard Corporate Center, Philadelphia, PA 19112, hereby promises to pay to the order of THE BANCORP BANK ("Bank"), at its office 1818 Market Street, 28th Floor, Philadelphia, PA 19103, or at such other place as the holder may, from time to time, designate, the sum of Ten Million Dollars ($10,000,000), lawful money of the United States of America, together with interest thereon from the date hereof at the rates hereinafter provided, and both payable as hereinafter provided (this "Note")

CONSOLIDATED, AMENDED AND RESTATED RENEWAL NOTE AND SECURITY AGREEMENT This Note and Security Agreement Is a Consolidation, Amendment, Restatement and Renewal of Five Existing Notes and Security Agreements Between Borrower and Lender. (June 2nd, 2011)

THIS CONSOLIDATED NOTE is dated as of the 18th day of December, 2003, by and among National Loan Investors, L.P., a Delaware Limited Partnership (Lender), having an address of Suite 1313, 3030 N.W. Expressway, Oklahoma City, OK 73112, as assignee of Wachovia Bank, National Association (Wachovia); The Wheatstone Energy Group, Inc., a Georgia corporation (the Prior Borrower) having an address of 1231 Collier Road, NW, Suite 0, Atlanta, GA 30318; and WEGI Acquisition, LLC, a Georgia Limited Liability Company (the New Borrower) having an address of 1945 The Exchange, Suite 300, Atlanta, Cobb County, Georgia 30339-2029, assignee of the Prior Borrower.

Opko Health Inc – Third Amended and Restated Subordinated Note and Security Agreement (May 10th, 2011)

FOR VALUE RECEIVED, OPKO Health, Inc., a Delaware corporation with offices at 4400 Biscayne Blvd., Miami, Florida 33137 (Borrower), pursuant to this Third Amended and Restated Subordinated Note and Security Agreement (this Third Amended and Restated Note), hereby promises to pay to The Frost Group, LLC, a Florida limited liability company (Lender) at such place as Lender may designate from time to time in writing, in lawful money of the United States of America, the principal amount of $12,000,000, or such lesser amount as shall equal the outstanding principal balance of the loan (the Loan) made to Borrower by Lender pursuant to the Credit Agreement, dated as of March 27, 2007, as amended by that certain Amendment No. 1 to Credit Agreement dated November 6, 2008, and Amendment No. 2 to Credit Agreement dated the date hereof, by and among Borrower, Lender and OPKO Pharmaceuticals, LLC (formerly known as Acuity Pharmaceuticals, LLC) (the Amended Credit Agreement), and to pay all other am

Third Amendment to Note and Security Agreement (March 30th, 2011)

THIS THIRD AMENDMENT (THE THIRD AMENDMENT) DATED MARCH 28, 2011 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF SEPTEMBER 4, 2007 AMONG SAFESTICH MEDICAL, INC., SAFESTITCH, LLC (COLLECTIVELY THE BORROWER) AND THE UNDERSIGNED LENDERS (LENDERS).

Non-Invasive Monitoring System – First Amendment to Note and Security Agreement (March 18th, 2011)

THIS FIRST AMENDMENT (THE FIRST AMENDMENT) DATED MARCH 14, 2011 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF MARCH 31, 2010 AMONG NON-INVASIVE MONITORING SYSTEMS, INC. (THE BORROWER) AND FROST GAMMA INVESTMENTS TRUST (FROST GAMMA) AND HSU GAMMA INVESTMNETS, L.P. (HSU GAMMA AND, TOGETHER WITH FROST GAMMA, LENDER).

API Nanotronics – First Amendment to Note and Security Agreements (April 13th, 2010)

This Amendment to Note, dated as of December 22, 2009 (this Amendment), is entered into by and among API TECHNOLOGIES CORP., a Delaware corporation (Company) f/k/a API Nanotronics Corp., ICARUS INVESTMENT CORPORATION, as a Holder and as Collateral Agent, the holders of the several notes, dated as of June 23, 2009, issued by Company (each a Holder and collectively the Holders) and the subsidiaries of Company party to the Security Agreements.

Non-Invasive Monitoring System – Note and Security Agreement (April 6th, 2010)

FOR VALUE RECEIVED, NON-INVASIVE MONITORING SYTEMS, INC., a Florida corporation with offices at 4400 Biscayne Boulevard, Miami, Florida 33137 (NIMS or Borrower), pursuant to this Note and Security Agreement (this Note) dated as of March 31, 2010, hereby promises to pay to FROST GAMMA INVESTMENTS TRUST (Frost Gamma), and HSU GAMMA INVESTMENTS, L.P., a Delaware limited partnership (Hsu Gamma and, together with Frost Gamma, Lender), at such place as Lender may designate from time to time in writing, in lawful money of the United States of America, the principal amount of $1,000,000, or such lesser amount as shall equal the outstanding principal balance of the loan (the Loan) made to Borrower by Lender pursuant to this Note, and to pay all other amounts due with respect to the Loan on the dates and in the amounts set forth in this Note. Frost Gamma will fund an aggregate amount equal to 50.00% of the Loan, and Hsu Gamma will fund an aggregate amount equal to 50.00% of the Loan; and Borrowe

Second Amendment to Note and Security Agreement (March 31st, 2010)

THIS SECOND AMENDMENT (THE SECOND AMENDMENT) DATED MARCH 29, 2010 TO THE NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF SEPTEMBER 4, 2007 AMONG SAFESTICH MEDICAL, INC., SAFESTITCH, LLC (COLLECTIVELY THE BORROWER) AND THE UNDERSIGNED LENDERS (LENDERS).

Braintech – Note and Security Agreement (Silicon Valley Bank Pledgors) (January 29th, 2010)

THIS NOTE AND SECURITY AGREEMENT (this "Agreement") dated as of January 15, 2010 (the "Effective Date") among (a) Rick Weidinger, Kenneth Brooks, David Baird, Frederick Bohlander, and Colin Eagen, and any other person listed in Exhibit A (each, a "Pledgor," and collectively, "Pledgors"), and (b) BRAINTECH, INC., a Nevada corporation ("Braintech, Inc"), BRAINTECH INDUSTRIAL, INC., a Delaware corporation ("Braintech Industrial") and BRAINTECH GOVERNMENT & DEFENSE, INC., a Delaware corporation ("Braintech Government") (hereinafter, Braintech, Inc., Braintech Industrial and Braintech Government are jointly and severally, individually and collectively, referred to as "Borrower"), provides the terms on which Pledgors shall lend to Borrower and Borrower shall repay Pledgors. The parties agree as follows:

First Amendment to Note and Security Agreement (March 27th, 2009)

THIS FIRST AMENDMENT (THE "FIRST AMENDMENT") DATED MARCH 25, 2009 TO THE NOTE AND SECURITY AGREEMENT (THE "AGREEMENT") DATED AS OF SEPTEMBER 4, 2007 AMONG SAFESTICH MEDICAL, INC., SAFESTITCH, LLC (COLLECTIVELY THE "BORROWER") AND THE UNDERSIGNED LENDERS ("LENDERS").

Non-Invasive Monitoring System – First Amendment to Note and Security Agreement (November 5th, 2008)

THIS FIRST AMENDMENT (THE FIRST AMENDMENT) DATED OCTOBER 31, 2008 TO NOTE AND SECURITY AGREEMENT (THE AGREEMENT) DATED AS OF AUGUST 28, 2008 BETWEEN NON-INVASIVE MONITORING SYSTEMS, INC. (BORROWER) AND THE UNDERSIGNED LENDERS (LENDERS).

Non-Invasive Monitoring System – Note and Security Agreement (September 12th, 2008)

FOR VALUE RECEIVED, NON-INVASIVE MONITORING SYTEMS, INC., a Florida corporation with offices at 4400 Biscayne Boulevard, Miami, Florida 33137 (NIMS or Borrower), pursuant to this Note and Security Agreement (this Note) dated as of August 28, 2008, hereby promises to pay to each person (Creditor) listed in Attachment A hereto (collectively, the Lender), at such place as Lender may designate from time to time in writing, in lawful money of the United States of America, the principal amount of $300,000, or such lesser amount as shall equal the outstanding principal balance of the loan (the Loan) made to Borrower by Lender pursuant to this Note, and to pay all other amounts due with respect to the Loan on the dates and in the amounts set forth in this Note. Each Creditor will fund the amount detailed in Attachment A and Borrower shall repay the Loan to each Creditor in proportion to such funding amounts, plus applicable interest.

Ministry Partners Investment Company, Llc – Cuso Line of Credit Facility Note and Security Agreement (Cuso Line of Credit) (May 20th, 2008)

FOR VALUE RECEIVED, CUSO promises to pay to the order of Members United, in lawful money of the United States and in immediate available funds, the principal sum of ONE HUNDRED MILLION AND NO/00 DOLLARS - ------------------------------------------------------------- ($100,000,000.00) and/or the aggregate unpaid principal amount of all advances made to CUSO by Members United pursuant to the forgoing Note and Security Agreement (the "Credit Facility"), together with all relevant attachments, addenda, exhibits and/or schedules, as amended, extended, supplemented, replaced or modified from time to time (collectively, the "Agreement"), whichever is greater, on the first to occur (i) demand or (ii) the maturity date or the expiration date, and to pay interest at the interest rate herein provided ("Interest") when due as provided in this Agreement on the unpaid principal amount until the maturity date.