parties also agree that
Lender may modify this Promissory Note without the consent of or notice to
anyone other than the party with whom the modification is made.
AT THE REQUEST OF LENDER, BORROWER SHALL AUTHORIZE LENDER TO DEBIT A BANK
ACCOUNT DESIGNATED BY BORROWER IN ORDER TO MAKE PAYMENTS OF PRINCIPAL, INTEREST,
FEES AND OTHER AMOUNTS FROM TIME TO TIME DUE UNDER THE LOAN AGREEMENT AND THIS
PROMISSORY NOTE.
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PRIOR TO SIGNING THIS PROMISSORY NOTE, BORROWER READ AND UNDERSTOOD ALL THE
PROVISIONS OF THIS PROMISSORY NOTE.
BORROWER AGREES TO THE TERMS OF THE
PROMISSORY NOTE AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY
NOTE.
IF MORE THAN ONE PARTY EXECUTES THIS PROMISSORY NOTE AS BORROWER, EACH SHALL BE
JOINTLY AND SEVERALLY LIABLE HEREUNDER.
Borrower:
Rockford Corporation
By:
/s/ John M. Perisich
Name:
John M. Perisich
Title:
EVP
Co-Borrower:
Q3 Contracting, Inc.
By:
/s/ John M. Perisich
Name:
John M. Perisich
Title:
EVP
Co-Borrower:
ARB, Inc.
By:
/s/ A. Theeuwes
Name:
A. Theeuwes
Title:
CFO
Co-Borrower:
Stellaris LLC
By:
/s/ A. Theeuwes
Name:
A. Theeuwes
Title:
CFO
3