Document:

EXHIBIT 10.2

REVOLVING
NOTE

	
 

	
 

	
$45,000,000.00

  Indianapolis, Indiana

	
Dated: December 14,
  2007

  Due: June 30, 2008

          FOR
VALUE RECEIVED, on or before June 30, 2010, INDIAN-MARTIN, INC., a corporation
organized and existing under the laws of the State of Nevada (“Company”), unconditionally promises to pay
to the order of JPMORGAN CHASE BANK, N.A., successor by merger to BANK ONE,
NATIONAL ASSOCIATION, a national banking association (“Bank”), at Chase Tower, Mail Code IN
1-0046, 111 Monument Circle, Indianapolis, Indiana 46277, or such other place
as Bank may designate by written notice to Company, the principal sum of
Forty-five Million and 00/100 Dollars ($45,000,000.00), or so much of such
amount as may be disbursed by Bank as Advances made on the Loan under the terms
of the Credit Agreement (as hereinafter defined), together with interest
thereon at the rates and calculated as provided in the Credit Agreement.
Interest accruing on the principal balance of this Note outstanding from time
to time shall be due and payable by Company in accordance with the terms of the
Credit Agreement on such dates as are established therein. All amounts paid on
this Note shall be applied in accordance with the terms of the Credit
Agreement.

          This
Note is the “Note” referred to in the Credit Agreement, to which reference is
made for the conditions and procedures under which Advances, payments,
readvances and repayments may be made prior to the maturity of this Note, for
the terms upon which Company may make prepayments from time to time and at any
time prior to the maturity of this Note and the terms of any prepayment
premiums, penalties and other charges which may be due and payable in
connection therewith, and for the terms and conditions upon which the maturity
of this Note may be accelerated and the unpaid balance of principal and accrued
interest thereon declared immediately due and payable. 

          If
any installment of principal or interest due under the terms of this Note prior
to maturity is not paid in full within ten (10) days of the date when due, then
Bank at its option and without prior notice to Company, may assess a late payment
fee in an amount equal to Five Percent (5%) of the amount past due up to the
maximum of $1,500.00 per late charge. Each late payment fee assessed shall be
due and payable on the earlier of the next regularly scheduled interest payment
date or the maturity of this Note. Waiver by Bank of any late payment fee
assessed, or the failure of Bank in any instance to assess a late payment fee
shall not be construed as a waiver by Bank of its right to assess late payment
fees thereafter. 

          If
any installment of interest due under the terms of this Note falls due on a day
which is not a Banking Day, the due date shall be extended to the next
succeeding Banking Day and interest will be payable at the applicable rate for
the period of such extension.

          All
amounts payable under this Note shall be payable without relief from valuation
and appraisement laws, and with all collection costs and attorneys’ fees. 

          The
holder of this Note, at its option, may make extensions of time for payment of
the indebtedness evidenced by this Note, or approve reductions of the payments
thereon, release any 

Collateral securing payment of such indebtedness or
accept a renewal Note or Notes therefor, all without notice to Company or any
endorser(s), and Company and all endorsers hereby severally consent to any such
extensions, reductions, releases and renewals, all without notice, and agree
that any such action shall not release or discharge any of them from any
liability hereunder. Company and endorser(s), jointly and severally, waive
demand, presentment for payment, protest, notice of protest and notice of
nonpayment or dishonor of this Note and each of them consents to all extensions
of the time of payment thereof.

          As
used in this Note, the term “Credit Agreement” means that certain Credit
Agreement, dated as of September 5, 2003, by and between Company and Bank, as
the same hereafter may be amended, modified and/or restated from time to time
and at any time. Terms which are defined in the Credit Agreement and which are
not otherwise defined in this Note shall have the same meanings in this Note as
are ascribed to them in the Credit Agreement. The principal amount of this Note
outstanding from time to time shall be determined by reference to the books and
records of Bank on which shall be recorded each Advance under the Loan
evidenced by this Note, and all payments by Company on account of such Loan.
Such books and records shall be deemed primafacie to be correct
as to such matters, absent demonstrative or manifest error.

          This
Note is made under and will be governed in all cases by the substantive laws of
the State of Indiana without reference to the conflicts of laws rules or
principles of any jurisdiction.

	
 

	
 

	
 

	
 

	
INDIAN-MARTIN, INC., a Nevada corporation 

	
 

	
 

	
 

	
 

	
By:

	
/s/ Terry Frandsen

	
 

	
 

	

	
 

	
       
         Terry Frandsen, VP Finance - CFO

2EXHIBIT 4.0

(FORM OF STOCK CERTIFICATE - FRONT SIDE)

	
  

 	
  

 	
  

 
	
 NUMBER

 	
  

 	
 _________SHARES

 
	
  

 	
  

 	
  

 
	
 COMMON STOCK

 	
  

 	
 CUSIP

 
	
  

 	
  

 	
 See reverse for

 
	
  

 	
  

 	
 certain definitions

 

MALVERN FEDERAL BANCORP, INC.

INCORPORATED UNDER THE LAWS OF THE UNITED STATES

          This
certifies that ___________________________________ is the registered holder of
_________________ fully paid and non-assessable shares of the Common Stock, par
value $.01 per share, of Malvern Federal Bancorp, Inc., Paoli, Pennsylvania
(the “Corporation”), incorporated under the laws of the United States.

          The
shares evidenced by this Certificate are transferable only on the books of the
Corporation by the holder hereof, in person or by a duly authorized attorney or
legal representative, upon surrender of this Certificate properly endorsed. This
Certificate and the shares represented hereby are subject to all the provisions
of the Charter and Bylaws of the Corporation and any and all amendments
thereto. The shares represented by this
certificate are not deposits or accounts, are not federally insured or
guaranteed and are not insured by the Federal Deposit Insurance Corporation. This
Certificate is not valid unless countersigned by the Transfer Agent and
registered by the Registrar.

          IN
WITNESS WHEREOF, the Corporation has caused this Certificate to be executed by
the facsimile signatures of its duly authorized officers and has caused its
facsimile seal to be affixed hereto.

Dated:

	
  

 	
  

 	
  

 
	
 

 	
 (SEAL)

 	
 

 
	
 Shirley
 Stanke

 	
  

 	
 Ronald
 Anderson

 
	
 Corporate
 Secretary

 	
  

 	
 President
 and Chief Executive Officer

 

(FORM OF STOCK CERTIFICATE - BACK SIDE)

          The
Corporation is authorized to issue more than one class of stock, including a
class of preferred stock which may be issued in one or more series. The
Corporation will furnish to any stockholder, upon written request and without
charge, a full statement of the designations, preferences, limitations and
relative rights of the shares of each class authorized to be issued and, with
respect to the issuance of any preferred stock to be issued in series, the
relative rights, preferences and limitations between the shares of each series
so far as the rights, preferences and limitations have been fixed and
determined and the authority of the Board of Directors to fix and determine the
relative rights, preferences and limitations of subsequent series.

          The
Charter of the Corporation includes a provision which generally prohibits any
person, other than Malvern Federal Mutual Holding Company (the “MHC”), the
parent mutual holding company of the Corporation, (including an individual,
company or group acting in concert) from directly or indirectly offering to
acquire or acquiring the beneficial ownership of more than 10% of the shares of
any class of equity securities of the Corporation owned by persons other than
the MHC. In the event that stock is acquired in violation of this 10%
limitation, the excess shares will no longer be counted in determining the
total number of outstanding shares for purposes of any matter involving
stockholder action.

          The
following abbreviations, when used in the inscription on the face of this
Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

	
  

 	
  

 	
  

 
	
 TEN COM

 	
 -

 	
 as tenants
 in common

 
	
  

 	
  

 	
  

 
	
 TEN ENT

 	
 -

 	
 as tenants
 by the entireties

 
	
  

 	
  

 	
  

 
	
 JT TEN

 	
 -

 	
 as joint
 tenants with right of survivorship and not as tenants in common

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 UNIF GIFT
 MIN ACT - 

 	_______________________________

 	
  Custodian 

 	
________________________

 	
  under

 	
  

 
	
  

 	
 (Cust)

 	
  

 	
 (Minor)

 	
  

 	
  

 
	
 Uniform Gifts to Minors Act
 _______________________

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (State)

 	
  

 	
  

 

Additional
abbreviations may also be used though not in the above list.

          For
value received, ______________________ hereby sell, assign and transfer unto

PLEASE INSERT
SOCIAL SECURITY OR OTHER

TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE

PLEASE INSERT
SOCIAL SECURITY OR OTHER

TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE

 
 

	
  

 	
  

 
	
 

 	
  

 
	
 (Please
 print or typewrite name and address including postal zip code of assignee)

 
	
  

 	
  

 
	
  

 	
  

 
	
 

 	
  

 
	
 

 	
  

 
	
 

 	
  

 

_____________shares
of Common Stock represented by this Certificate, and do hereby irrevocably
constitute and appoint _______________ as Attorney, to transfer the said shares
on the books of the within named Corporation, with full power of substitution.

Dated
_____________, ____________

	
  

 	
  

 
	
  

 	
 

 
	
  

 	
 Signature

 
	
  

 	
  

 
	
  

 	
 

 
	
  

 	
 Signature

 

NOTICE:
The signature(s) to this assignment must correspond with the name(s) as written
upon the face of this Certificate in every particular, without alteration or
enlargement, or any change whatever. The signature(s) should be guaranteed by
an eligible guarantor institution (bank, stockbroker, savings and loan
association or credit union) with membership in an approved signature medallion
program, pursuant to S.E.C. Rule 17Ad-15.

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