FACILITY A LOAN
NOTE
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No. _____________
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Date: as of October 3,
2008
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Due Date: October 3, 2011
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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 A Scheduled
Maturity Date ”), the lesser of (i) ten million
and 00/100 dollars ($10,000,000.00), or (ii) the aggregate
principal amount of the Facility A Loan outstanding
under and pursuant to that certain Loan and Security Agreement
dated as of the date hereof, 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 A
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 A Loan Note evidences the
Facility A 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 A
Scheduled Maturity Date or any payment hereon may be
accelerat
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