Exhibit 10.33
 
REVOLVING NOTE
 

$10,000,000
April 6, 2007

                                                 
For value received, the undersigned, AIRGATE INTERNATIONAL CORPORATION, a New
York corporation, AIRGATE INTERNATIONAL CORPORATION (CHICAGO), an Illinois
corporation, and PARADIGM INTERNATIONAL, INC., a Florida corporation
(collectively and individually the “Borrowers”), hereby jointly and severally
promise to pay ON DEMAND, and if demand is not made, then as provided in the
Credit Agreement (defined below), to the order of WELLS FARGO BANK, NATIONAL
ASSOCIATION (the “Lender”), acting through its Wells Fargo Business Credit
operating division, on the Termination Date referenced in the Credit and
Security Agreement dated the same date as this Revolving Note that was entered
into by the Lender and the Borrowers (as amended from time to time, the “Credit
Agreement”), at Lender’s office located at 119 West 40th Street, 16th Floor, New
York, New York 10018, or at any other place designated at any time by the holder
hereof, in lawful money of the United States of America and in immediately
available funds, the principal sum of Ten Million Dollars ($10,000,000) or the
aggregate unpaid principal amount of all Revolving Advances made by the Lender
to the Borrowers under the Credit Agreement, together with interest on the
principal amount hereunder remaining unpaid from time to time, computed on the
basis of the actual number of days elapsed and a 360-day year, from the date
hereof until this Revolving Note is fully paid at the rate from time to time in
effect under the Credit Agreement.
 
This Revolving Note is the Revolving Note referenced in the Credit Agreement,
and is subject to the terms of the Credit Agreement, which provides, among other
things, for acceleration hereof. Principal and interest due hereunder shall be
payable as provided in the Credit Agreement, and this Revolving Note may be
prepaid only in accordance with the terms of the Credit Agreement. This
Revolving Note is secured, among other things, pursuant to the Credit Agreement
and the Security Documents as therein defined, and may now or hereafter be
secured by one or more other security agreements, mortgages, deeds of trust,
assignments or other instruments or agreements.
 
This Note is issued pursuant, and is subject, to the Credit Agreement, which
provides, among other things, for acceleration hereof. This Note is the
Revolving Note referred to in the Credit Agreement. This Note is secured, among
other things, pursuant to the Credit Agreement and the Security Documents as
therein defined, and may now or hereafter be secured by one or more other
security agreements, mortgages, deeds of trust, assignments or other instruments
or agreements.
 
The Borrowers shall pay all costs of collection, including reasonable attorneys’
fees and legal expenses if this Revolving Note is not paid when due, whether or
not legal proceedings are commenced.
 
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Presentment or other demand for payment, notice of dishonor and protest are
expressly waived.
 

        AIRGATE INTERNATIONAL CORPORATION  
   
   
    By:   /s/ Scott Turner  

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Name: Scott Turner   Title: President 

 

        AIRGATE INTERNATIONAL CORPORATION (CHICAGO)  
   
   
    By:   /s/ Scott Turner  

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Name: Scott Turner   Title: Vice President

 

        PARADIGM INTERNATIONAL, INC.  
   
   
    By:   /s/ Scott Turner  

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Name: Scott Turner   Title: Vice President

 
 
 

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