Second Allonge to Demand Note between Lighting Science Group Corporation and Bank of Montreal

Contract Categories: Business Finance › Note Agreements
Summary

Lighting Science Group Corporation and Bank of Montreal have agreed to amend their original Demand Note dated July 25, 2008. This amendment extends the relevant date in the Note from August 24, 2009, to August 24, 2010. All other terms of the original Note remain unchanged. The amendment is formally attached to the original Note, and references to the related Loan Authorization Agreement will include any future amendments. Both parties have signed to confirm their agreement to these changes.

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EX-10.2 3 d68981exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
Second Allonge to Demand Note
     This Second Allonge to Demand Note is attached to and made a part of that certain Demand Note (“Note") executed by Lighting Science Group Corporation (the “Borrower"), dated July 25, 2008, payable to the order of Bank of Montreal (the “Bank”), in the original principal amount of Twenty Million and No/100 Dollars ($20,000,000.00).
     For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
     1. The Note is hereby amended as follows:
The date “August 24, 2009” appearing in the first paragraph of the Note shall be deleted and replaced with the date “August 24, 2010”.
     2. This Allonge to Demand Note amends the Note as specifically provided herein. All other provisions of the Note shall not be modified hereby except as expressly set forth herein.
     3. The Borrower hereby directs the Bank to affix this Allonge to Demand Note whereupon the Note and this Allonge to Demand Note will become and constitute a single instrument.
     4. References in the Note to the Bank of Montreal Loan Authorization Agreement dated as of July 25, 2008 between the Borrower and the Bank (the “Loan Agreement") shall be deemed to refer to the Loan Agreement, as amended and as the same may be amended from time to time.
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Dated: As of August 24, 2009
         
  Lighting Science Group Corporation
 		  
  By:   /s/ Kathryn L. Reynolds    
    Name:   Kathryn L. Reynolds   
    Its: Chief Financial Officer   
 
Accepted and Agreed:
         
  Bank of Montreal
 		  
  By:   /s/ Brett M. Sanchez    
    Name:   Brett M. Sanchez   
    Its: Vice President