Digital Recorders, Inc. (DR), based in the Research Triangle Park area of North Carolina, was established in September 1983. DR operated as a business unit of the Company under the name Digital Recorders until August 2007, at which time it was incorporated as a wholly-owned subsidiary of the Company. DRs primary products include: computer aided dispatch Global Positioning Satellite (GPS) tracking; automatic vehicle location (AVL) systems; VacTelltm video surveillance security systems; automatic vehicle monitoring (AVM) systems; and Talking Bus automatic voice announcement systems. Some of these products feature security related functionality. DRs customers include
EX-10.49.3 8 d71837exv10w49w3.htm EX-10.49.3 exv10w49w3
EXHIBIT 10.49.3
Undertaking concerning loan payment
— for purposes other than personal consumption
— for purposes other than personal consumption
Handelsbanken
Branch
Frölunda
Frölunda
| Loan number | ||
Borrower | Customer number | |
MOBITEC AKTIEBOLAG |
Provided that Svenska Handelsbanken AB (publ)/Stadshypotek AB grants extension of the loan period, at least the below amount must be amortised each...
Other terms for the loan remain unchanged
| From 2010-03-31 | Amount 0 | þ SEK | EUR | From 2010-09-30 | Amount 1,500,000 | þ SEK | EUR | ||||||||||||||||
In addition to this, interest due must be paid each time the loan period is extended.
Other comments
Automatic payment
Account number | If an account number is stated, it implies an agreement that amounts due are paid by the bank debiting the account on the due date. The agreed due date will apply even if it is not a business day. The borrower is responsible for the required amount being available on the account on the due date. | |
Signature | ||
Date | Signature of borrower | |
2010-03-25 | MOBITEC AB | |
| /s/ Agne Axelsson | ||
Approval by guarantor and/or pledger who is not the borrower if the amortisation plan is changed | ||
Date | Signature of borrower/pledger | |
Date | Signature of borrower/pledger | |
Date | Signature of borrower/pledger | |
Date | Signature of borrower/pledger | |
Date | Signature of borrower/pledger | |
| Signature of branch manager or equivalent | The documentation is correct | The change has been registered for the loan | ||||||
| Date | Signature | Date | Signature | |||||
