FOR VALUE
RECEIVED, each of the undersigned (each individually a “
Borrower ” and collectively, the “
Borrowers ”), HEREBY PROMISES TO PAY to the order of
CHATHAM INVESTMENT FUND III, LLC and CHATHAM INVESTMENT FUND III
QP, LLC (collectively, “ Lender ”), at the
offices of CHATHAM CREDIT MANAGEMENT III, LLC, a Georgia limited
liability company, as Agent (“ Agent ”), at its
address set forth in Section 9.3 of the Credit Agreement, or
at such other place as Agent may designate from time to time in
writing, in lawful money of the United States of America and in
immediately available funds, the amount of TWO MILLION DOLLARS
($2,000,000) or, if less, the aggregate unpaid amount of all
Revolving Credit Advances made by Lender to the undersigned under
the “ Credit Agreement ” (as hereinafter
defined). All capitalized terms used but not otherwise defined
herein have the meanings given to them in the Credit Agreement or
in Annex A thereto.
This Revolving
Note is one of the Revolving Notes issued pursuant to that certain
Credit Agreement dated as of September ___, 2008 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, 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 Ag
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