Revolving Note Sample Contracts

IntriCon Corporation – Amended and Restated Revolving Note (August 9th, 2018)

FOR VALUE RECEIVED, the undersigned, INTRICON CORPORATION, a Pennsylvania corporation, INTRICON, INC., a Minnesota corporation, and HEARING HELP EXPRESS, INC., an Illinois corporation (each, a "Borrower"; collectively, the "Borrowers"), hereby JOINTLY AND SEVERALLY promise to pay to the order of CIBC BANK USA (formerly known as The PrivateBank and Trust Company) (the "Bank"), the principal sum of ELEVEN MILLION AND NO/100 DOLLARS ($11,000,000), or if less, the then aggregate unpaid principal amount of the Revolving Loans as may be borrowed by the Borrowers (or any of them) under the Loan Agreement (as hereinafter defined). The actual amount due and owing from time to time hereunder shall be evidenced by Bank's records of receipts and disbursements with respect to the Revolving Loans, which shall, absent manifest error, be conclusive evidence of such amount.

Agree Realty Corporation – Revolving Note (July 23rd, 2018)

FOR VALUE RECEIVED, the undersigned (the "Borrower") hereby promises to pay to ______________________ or registered assigns (the "Lender") in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Amended and Restated Revolving Credit and Term Loan Agreement dated as of December 15, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "Agreement"; capitalized terms used but not defined herein shall have the meanings given to them in the Agreement), among Agree Realty Corporation, a Maryland corporation (the "Parent"), the Borrower, the Lenders from time to time party thereto, PNC Bank, National Association, as Administrative Agent (the "Administrative Agent"), Swing Line Lender and an L/C Issuer, and Citibank, N.A. and Wells Fargo Bank, National Association, each as an L/C Issuer.

iFresh Inc – Revolving Note (June 29th, 2018)

This Revolving Note (as amended, restated, supplemented or otherwise modified from time to time, this "Note") is the Revolving Note referred to in the Credit Agreement, dated as of December 23, 2016, between, the undersigned and the Lender (as amended, restated, modified and/or supplemented from time to time, the "Agreement") and is entitled to the benefits thereof and of the other Loan Documents. This Note is secured by and entitled to the benefits of the Security Agreement. As provided in the Agreement, this Note is subject to voluntary prepayment and mandatory repayment prior to the Termination Date, in whole or in part.

Industrial Services of America, Inc. – Midcap Business Credit Llc Second Amended and Restated Revolving Note (June 7th, 2018)

For value received, the undersigned, INDUSTRIAL SERVICES OF AMERICA, INC., a Florida corporation ("Borrower"), hereby promises to pay, as provided in the Loan Agreement (defined below), to the order of MIDCAP BUSINESS CREDIT LLC, a Texas limited liability company ("Lender"), at its offices in West Hartford, Connecticut, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds, the principal sum of TEN MILLION AND 00/100 DOLLARS ($10,000,000.00) or, if less, the aggregate unpaid principal amount of all loans made by Lender to Borrowers under the Loan Agreement, together with interest on the principal amount hereunder remaining unpaid from time to time, computed on the basis of the actual number of days elapsed and a 360-day year, from the date hereof until this Second Amended and Restated Revolving Note (this "Note") is fully paid at the rate from time to time in effect under the Loan and Securi

Highwater Ethanol Llc – Third Amended and Restated Term Revolving Note (April 27th, 2018)

This Term Revolving Note is one of the Term Revolving Notes evidencing the Term Revolving Loan referred to in that certain Second Amended and Restated Credit Agreement dated January 22, 2016, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement of even date herewith (as amended, the "Credit Agreement"), among the Borrower, the Banks, and Compeer Financial, PCA as successor in interest to AgStar Financial Services, PCA, as Administrative Agent (the "Agent").

Orthopediatrics Corp – Revolving Note (January 8th, 2018)

FOR VALUE RECEIVED, the undersigned, OrthoPediatrics Corp., a Delaware corporation ("OrthoPediatrics"), OrthoPediatrics US Distribution Corp., a Delaware corporation ("OrthoPediatrics US"), OrthoPediatrics EU Limited, a company incorporated and registered in England and Wales ("OrthoPediatrics EU"), OrthoPediatrics Aus Pty Ltd., a company organized under the laws of Australia ("OrthoPediatrics Aus") and OrthoPediatrics NZ Ltd., a company organized under the laws of New Zealand ("OrthoPediatrics NZ" and together with OrthoPediatrics, OrthoPediatrics US, OrthoPediatrics EU and OrthoPediatrics AZ, "Borrowers" and individually a "Borrower"), jointly and severally promise to pay to the order of Squadron Capital LLC, a Delaware limited liability company (the "Lender"), at the place and times provided in the Fourth Amended and Restated Loan and Security Agreement referred to below, the lesser of (i) the principal amount of $15,000,000 or (ii) the principal amount of the Revolving Loan outstan

None – Amended and Restated Term Revolving Note (August 14th, 2017)
Amended and Restated Revolving Note (April 4th, 2017)

This Revolving Note (this "Note") is one of the Revolving Notes issued pursuant to, and is entitled to the benefits of, the Loan Agreement dated as of October 24, 2014 (which, as it may be amended or modified and in effect from time to time, is herein called the "Loan Agreement"), among the Borrower, O.Com Land, LLC, a Utah limited liability company, the other parties thereto, including Bank, the other Banks, the LC Issuer and U.S. Bank National Association, as Arranger and Administrative Bank, to which Loan Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Loan Agreement.

Amended and Restated Revolving Note (April 4th, 2017)

This Revolving Note (this "Note") is one of the Revolving Notes issued pursuant to, and is entitled to the benefits of, the Loan Agreement dated as of October 24, 2014 (which, as it may be amended or modified and in effect from time to time, is herein called the "Loan Agreement"), among the Borrower, O.Com Land, LLC, a Utah limited liability company, the other parties thereto, including Bank, the other Banks, the LC Issuer and U.S. Bank National Association, as Arranger and Administrative Bank, to which Loan Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Loan Agreement.

This Revolving Note Amends and Restates That Certain Revolving Note Dated August 7, 2015 Revolving Note (March 31st, 2017)

FOR VALUE RECEIVED, Voltari Corporation (together with its successors and assigns, the "Borrower"), HEREBY UNCONDITIONALLY PROMISES TO PAY to, or to the order of, Koala Holding LP (together with its successors and assigns, the "Lender"), on the terms hereinafter set forth, the principal sum of THIRTY MILLION DOLLARS ($30,000,000.00), or such greater or lesser amount as is outstanding from time to time as set forth on Schedule 1 hereto, together with interest thereon for such periods, on such dates and at such rates as set forth in this Revolving Note (this "Note").

Sachem Capital Corp. – Amended and Restated Revolving Note (December 23rd, 2016)

Effective as of March 15, 2016, this Note shall supersede, amend, restate and replace in its entirety that certain Amended and Restated Revolving Note dated December 30, 2015 in the principal amount of $7,000,000.00 (referred to herein as the "Prior Note") and is subject to the terms of the Amended and Restated Commercial Revolving Loan and Security Agreement of even date by and among the Borrower and the Lender. Neither execution of this Note by the Borrower, nor cancellation of the Prior Note by Lender, shall be deemed or construed as a novation of the Borrower's obligation to pay the outstanding indebtedness evidenced by the Prior Note, all of which indebtedness shall be and remain in full force and effect, as amended and provided hereby.

Hurco Companies, Inc. – Replacement Revolving Note (December 8th, 2016)

This Note is one of the notes issued pursuant to, is entitled to the benefit of, and is subject to the provisions of that certain Credit Agreement dated December 7, 2012, as amended, and as amended of even date herewith among Borrower, the lenders party thereto, including the Lender, and JPMorgan Chase Bank, N.A., as Administrative Agent (as amended, and as the same may be further amended and/or restated from time to time, the "Agreement"), to which Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including, without limitation, the terms and conditions under which this Note may be prepaid or its Maturity Date accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Agreement.

Female Health Company (The) – Amended and Restated Revolving Note (December 1st, 2016)

This Note is one of the Notes referred to in the Credit Agreement dated as of December 29, 2015, as thereafter amended, by and among Borrowers, the Guarantors party thereto and Lender (as extended, renewed, amended or restated from time to time, the "Credit Agreement"), and this Note and the holder hereof is entitled to all the benefits and security provided for thereby or referred to therein, to which Credit Agreement reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise defined herein, shall have the same meaning as in the Credit Agreement. This Note shall be governed by and construed in accordance with the internal laws of the State of Illinois without giving effect to the principles of conflicts of laws thereof.

Revolving Note (November 16th, 2016)

This Revolving Note is the Note issued pursuant to, and is entitled to the benefits of, the Credit Agreement dated November 15, 2016 (which, as it may be amended or modified and in effect from time to time, is herein called the "Agreement"), between the Borrower and the Lender, to which Agreement reference is hereby made for a statement of the terms and conditions governing this Revolving Note, including the terms and conditions under which this Revolving Note may be prepaid or its maturity date accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Agreement.

Revolving Note (October 20th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to BANK OF AMERICA, N.A., or registered assigns (the "Lender"), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of October 19, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the "Agreement;" the terms defined therein being used herein as therein defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer.

Duluth Holdings Inc. – Fifth Amended and Restated Revolving Note (October 11th, 2016)

This Note is the Note referred to in the Second Amended and Restated Loan Agreement between Borrower and Lender dated as of the date hereof (as amended, modified, supplemented or restated from time to time, the Loan Agreement).

Revolving Note (October 3rd, 2016)

This Revolving Note is one of the Revolving Notes issued pursuant to that certain Credit Agreement dated as of October 3, 2016 by and among Borrowers, the other Persons named therein as Credit Parties, Agent, Lenders and the other Persons signatory thereto from time to time as Lenders (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, amended and restated, supplemented or otherwise modified, the Credit Agreement), and is entitled to the benefit and security of the Credit Agreement, the Security Agreement and all of the other Loan Documents referred to therein. Reference is hereby made to the Credit Agreement for a statement of all of the terms and conditions under which the Loans evidenced hereby are made and are to be repaid. The date and amount of each Revolving Credit Advance made by Lenders to Borrowers, the rates of interest applicable thereto and each payment made on account of the principal thereof, shall be recorded by Agent on i

Griffin-American Healthcare REIT IV, Inc. – Revolving Note (August 26th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to Bank of America, N.A. or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of August 25, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Griffin-American Healthcare REIT IV, Inc. – Revolving Note (August 26th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to KeyBank, National Association or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of August 25, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Nobilis Health Corp. – Amended and Restated Revolving Note (August 24th, 2016)

This Amended and Restated Revolving Note (this Revolving Note) amends, restates and replaces in its entirety that certain Revolving Loan Note, dated as of March 31, 2015, made by the Borrower in favor of the Lender (the Original Revolving Note). This Revolving Note is being delivered in substitution for and replacement of the Original Revolving Note, but the remaining outstanding Obligations evidenced by the Original Revolving Note are continuing Obligations, and nothing herein shall be deemed to constitute a novation, repayment, satisfaction or discharge of the Obligations under the Original Revolving Note, or release or otherwise adversely affect any Lien securing such Obligations or any rights of the Lender against any party. All amounts outstanding under the Original Revolving Note shall be automatically transferred to, and shall be deemed to be outstanding under this Revolving Note. By execution herein, the Borrower hereby consents to the changes made herein and affirms its Obliga

Nobilis Health Corp. – Revolving Note (August 24th, 2016)

FOR VALUE RECEIVED, the undersigned, NORTHSTAR HEALTHCARE ACQUISITIONS, L.L.C., a Delaware limited liability company (the Borrower), hereby promises to pay to the Lender set forth above (the Lender) the Principal Amount set forth above, or, if less, the aggregate unpaid principal amount of all Revolving Loans (as defined in the Credit Agreement referred to below) of the Lender to the Borrower, payable at such times and in such amounts as are specified in the Credit Agreement.

CTI Industries Corporation – Replacement Revolving Note (August 22nd, 2016)

This Replacement Revolving Note (this "Note") evidences Revolving Loans made and to be made to the Borrower by the Bank under the Revolving Credit provided for under that certain Credit Agreement dated as of April 29, 2010, between the Borrower and the Bank (said Credit Agreement, as the same may be amended, modified or restated from time to time, being referred to herein as the "Credit Agreement"), and the Borrower hereby promises to pay interest at the office described above on such Revolving Loans evidenced hereby at the rates and at the times and in the manner specified therefor in the Credit Agreement. As of the date of this Note, the Borrower and the Bank expect that the Revolving Credit Commitment under the Credit Agreement will be reduced to Twelve Million and 00/100 Dollars ($12,000,000.00) effective as of March 1, 2017.

Communications Systems, Inc. – Amended and Restated Revolving Note (August 18th, 2016)

This Note is a promissory note constituting a Loan Document (as defined in the Credit Agreement) under the Credit Agreement, and is subject to the terms of the Credit Agreement, which provides, among other things, for the payment and acceleration of this Note. This Note is secured, among other things, by the Credit Agreement and certain other Loan Documents, and by any other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements that may subsequently be given as security for this Note.

Revolving Note (June 20th, 2016)

FOR VALUE RECEIVED, the undersigned (the Borrower), hereby promises to pay to FARM CREDIT WEST, PCA, or its registered assigns (the Lender), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of June 14, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the Credit Agreement; the terms defined therein being used herein as therein defined), among the Borrower, the Guarantors, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swingline Lender.

Orthopediatrics Corp – Revolving Note (June 16th, 2016)

FOR VALUE RECEIVED, the undersigned, OrthoPediatrics Corp., a Delaware corporation ("OrthoPediatrics") and OrthoPediatrics US Distribution Corp., a Delaware corporation ("OrthoPediatrics US" and collectively with OrthoPediatrics, "Borrower"), jointly and severally promise to pay to the order of Squadron Capital LLC, a Delaware limited liability company (the "Lender"), at the place and times provided in the Second Amended and Restated Loan and Security Agreement referred to below, the lesser of (i) the principal amount of $7,000,000 or (ii) the principal amount of the Revolving Loan outstanding and owing to the Lender, together with all the accrued and unpaid interest under this Revolving Note pursuant to that certain Second Amended and Restated Loan and Security Agreement, dated as of May 30, 2014 (as amended, supplemented, modified or restated from time to time, the "Second Amended and Restated Loan Agreement") by and among Borrower and Lender. Capitalized terms used herein and not de

Orthopediatrics Corp – Revolving Note (March 14th, 2016)

FOR VALUE RECEIVED, the undersigned, OrthoPediatrics Corp., a Delaware corporation ("OrthoPediatrics") and OrthoPediatrics US Distribution Corp., a Delaware corporation ("OrthoPediatrics US" and collectively with OrthoPediatrics, "Borrower"), jointly and severally promise to pay to the order of Squadron Capital LLC, a Delaware limited liability company (the "Lender"), at the place and times provided in the Second Amended and Restated Loan and Security Agreement referred to below, the lesser of (i) the principal amount of $7,000,000 or (ii) the principal amount of the Revolving Loan outstanding and owing to the Lender, together with all the accrued and unpaid interest under this Revolving Note pursuant to that certain Second Amended and Restated Loan and Security Agreement, dated as of May 30, 2014 (as amended, supplemented, modified or restated from time to time, the "Second Amended and Restated Loan Agreement") by and among Borrower and Lender. Capitalized terms used herein and not de

Peoples Bancorp Inc. – Revolving Note (March 8th, 2016)

This Revolving Note ("Note") is one of the "Notes" issued pursuant to, and is entitled to the benefits of, the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loans evidenced hereby were made and are to be repaid.

Huayue Electronics, Inc. – Revolving Note (March 3rd, 2016)

FOR VALUE RECEIVED, TARSIER LTD., a Delaware corporation, whose address is 475 Park Avenue South, 30th Floor, New York, New York 10016 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the Revolving Loan Maturity Date: (A) the greater of: (i) FIVE MILLION AND NO/100 DOLLARS ($5,000,000.00); or (ii) the aggregate principal amount of all Revolving Loans outstanding under and pursuant to that certain Credit Agreement dated effective as of January 29, 2016, executed by and between Borrower, other Credit Parties, and Lender, as amended from time to time (as amended, supplemented or modified from time to time, the "Credit Agreement"), and made available by Lender to Borrower at the maturity or maturities and in the amount or amounts stated on the records of Lender; together with (B) interest (computed on the

Industrial Services of America, Inc. – Midcap Business Credit Llc Revolving Note (March 2nd, 2016)

This Revolving Note is issued pursuant, and is subject, to the Loan Agreement, which provides, among other things, for acceleration hereof. This Revolving Note is the "Note" referred to in the Loan Agreement.

Griffin-American Healthcare REIT III, Inc. – Revolving Note (February 9th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to FIFTH THIRD BANK, AN OHIO BANKING CORPORATION or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of February 3, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Griffin-American Healthcare REIT III, Inc. – Revolving Note (February 9th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to THE HUNTINGTON NATIONAL BANK or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of February 3, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Griffin-American Healthcare REIT III, Inc. – Revolving Note (February 9th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to BANK OF AMERICA, N.A. or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of February 3, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Griffin-American Healthcare REIT III, Inc. – Revolving Note (February 9th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to CITIZENS BANK, NATIONAL ASSOCIATION or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of February 3, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Griffin-American Healthcare REIT III, Inc. – Revolving Note (February 9th, 2016)

FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to pay to KEYBANK, NATIONAL ASSOCIATION or its registered assigns (the "Lender"), in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, restated, extended, supplemented, increased or otherwise modified in writing from time to time, the "Credit Agreement"), dated as of February 3, 2016 by and among the Borrower, the Guarantors party thereto, the Lenders identified therein, Bank of America, N.A., as Administrative Agent, a Swing Line Lender and a L/C Issuer and KeyBank, National Association, as a Swing Line Lender and a L/C Issuer. Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

Pulse Network – Third Replacement Revolving Note A (January 27th, 2016)

FOR VALUE RECEIVED THE PULSE NETWORK, INC., a Nevada corporation ("Borrower"), whose address is 437 Turnpike Street, Canton, MA 02021, promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the Revolving Loan Maturity Date, Fifty Thousand and No/100 Dollars ($50,000.00), together with interest (computed on the actual number of days elapsed on the basis of a 360 day year) thereon and all other fees, charges and all other Obligations due and payable in accordance with the terms of that certain Credit Agreement dated as of September 30, 2014, but made effective as of October 3, 2014, executed by and among Borrower, the Lender, and other parties (the "Original Credit Agreement"), as amended by the First Amendment to Credit Agreement dated as of December 16, 2014 (the "First Amendment"), as further amended by that certain Second A