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Exhibit 10.42.2
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BORROWER
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DTS, Inc.
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LOAN
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REVISION/EXTENSION
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Comerica Bank
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AGREEMENT
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3171 Clareton Drive
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Agoura Hills, California 91301
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(Herein called
"Borrower")
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ORIGINAL NOTE
INFORMATION
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INTEREST RATE
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AMOUNT
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NOTE DATE
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MATURITY DATE
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OBLIGOR #
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NOTE*
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8-0.500
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%
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$
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10,000,000.00
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05/31/04
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06/30/05
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2259153021
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18/26
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This Agreement is effective as of: June 12, 2006
ORIGINAL OBLIGATION:
This Loan Revision Agreement refers to the loan evidenced by the
above Note dated May 31, 2004 in favor of Bank executed by DTS,
Inc. in the amounts of $ 10,000,000.00 payable in full on June 30,
2005. o Said
Note is secured by Deed of Trust dated N/A (hereinafter referred to
as the "Encumbrance"), recorded on N/A as Instrument No. N/A in the
Office of County Recorder of N/A County California.
CURRENT OBLIGATION:
This unpaid principal balance of said Note as of June 12, 2006
is $ 0.00 on which interest is paid to May 31, 2004, with a
maturity of June 30, 2006. o
As modified by previous Loan Revision/Extension
Agreement dated July 07, 2005.
REVISION
The undersigned Borrower hereby requests Bank to revise the
terms of said Note, and said Bank to accept payment thereof at the
time, or times, in the following manner:
The maturity date is hereby amended from June 30, 2006 to June
30, 2007.
The interest rate of the Note remains unchanged at Bank’s
Base rate from time to time in effect minus one half of one percent
(0.500%) per annum.
*or LIBOR + 2.00%
In consideration of Bank’s acceptance of the revision of
said Note, including the time for payment thereof, all as set forth
above, the Borrower does hereby acknowledge and admit to such
indebtedness, and further does unconditionally agree to pay such
indebtedness together with interest thereon within the time and by
the manner as revised in accordance with the foregoing, together
with any and all attorney’s fees, cost of collection, and any
other sums secured by the Encumbrance.
Any and all security for said Note including but not limited to
the Encumbrance, if any, may be enforced by Bank concurrently or
independently of each other and in such order as Bank may
determine; and with reference to any such security in addition to
the Encumbrance Bank may, without consent of or notice to Borrower,
exchange, substitute or release such security without affecting the
liability of the Borrower, and Bank may release any one of more
parties hereto or to the above obligation or permit the liability
of said party or parties to terminate without affecting the
liability of any other party or parties liable thereon.
This Agreement is a revision only, and not a novation; and
except as herein provided, all of the terms and conditions of said
Note, said Encumbrance and all related documents shall remain
unchanged and in full force and affect.
When one or more Borrowers signs this Agreement, all agree:
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