Execution
Copy
AMENDED AND
RESTATED
FACILITY B LOAN
NOTE
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No. _____________
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Date: as of January 8,
2009
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Due Date: October 3, 2011
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This Note is
given in replacement of but not extinguishing the indebtedness
evidenced by that Facility B Loan Note dated October 3, 2008,
executed by ISI Security Group, Inc. in the original principal
amount of $5,000,000.00.
FOR VALUE RECEIVED, ISI SECURITY GROUP,
INC. , a Delaware corporation, (f/k/a ISI DETENTION CONTRACTING
GROUP, INC.) (the “ Borrower
”), whose address is 12903 Delivery Drive, San Antonio,
Texas 78247, promises to pay to the order of THE PRIVATEBANK AND
TRUST COMPANY , an Illinois banking corporation (hereinafter,
together with any holder hereof, the “ Bank
”), whose address is 70 W. Madison, 2
nd
floor, Chicago, Illinois 60602, on
or before October 3, 2011 (the “ Facility B Loan
Scheduled Maturity Date ”), the lesser of
(i) one million on hundred thousand and 00/100 dollars
($1,100,000.00), or (ii) the aggregate principal amount of the
Facility B Loan outstanding under and pursuant to that
certain Loan and Security Agreement dated as of October 3, 2008, as
amended, executed by and between the Borrower and the Bank, as
amended from time to time (as amended, supplemented or modified
from time to time, the “ Loan Agreement
”), and made available by the Bank to the Borrower at the
maturity or maturities and in the amount or amounts stated on the
records of the Bank, together with interest (computed on the actual
number of days elapsed on the basis of a 360 day year) on the
aggregate principal amount of the Facility B Loan
outstanding from time to time as provided in the Loan Agreement.
Capitalized words and phrases not otherwise defined herein shall
have the meanings assigned thereto in the Loan
Agreement.
This Facility B Loan Note evidences the
Facility B Loan , Letters of Credit and other
indebtedness incurred by the Borrower under and pursuant to the
Loan Agreement, to which reference is hereby made for a statement
of the terms and conditions under which the Facility B Loan
Scheduled Maturity Date or any
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