Document:

amend5.htm

February 4, 2009

Mr. Ken Chymiak, President and Chief Executive Officer

ADDvantage Technologies Group, Inc.

1221 East Houston

Broken Arrow, OK 74012

Re: 5th Amendment to Revolving Credit and Term Loan Agreement

Dear Mr. Chymiak:

     This letter agreement shall constitute the fifth amendment to the revolving credit and term loan agreement by and between ADDvantage Technologies Group, Inc. (“Borrower”) and Bank of Oklahoma, N.A. (“Lender”) dated September 30, 2004, as amended September 30, 2005, September 30, 2006, November
20, 2006, and November 27, 2007 (collectively referred to as the “Agreement”).  Additional reference is made to the International Swap Dealers Association, Inc Master Agreement dated as of September 28, 2004 (“ISDA”).

     NOW THEREFORE, in consideration of the mutual convenants and agreements herein contained, the parties hereto agree as follows:

	
1.  
	
The aggregate outstanding principal amount of advances under the $7,000,000 Revolving Line at any time outstanding shall not exceed the lesser of (i) $7,000,000 less the Exposure as defined in the Credit Support Annex Paragraph 12 of the ISDA to the extent that it exceeds $900,000 or (ii) the Borrowing
Base less the Exposure as defined in the Credit Support Annex Paragraph 12 of the ISDA to the extent that it exceeds $900,000.

 

	
  
	
2.   All provisions, terms, and conditions of the Agreement except as herein amended remain in full force and effect and are hereby ratified and confirmed.

If the foregoing set forth your agreement with Lender, please sign in the spaced provided below.

Sincerely,

By:       /s/ Matt Crew

   Matt Crew

Its:       Vice President

Agreed and accepted to as of the 6th day of February, 2009.

“Borrower”

ADDvantageTechnologies Group, Inc.

By:       /s/ Ken Chymiak

   Ken Chymiak, President & Chief Executive Officerex4_1.htm

Exhibit 4.1

 

 

	
COMMON STOCK

 
	
  
	  	  	
COMMON STOCK

 
	  	  	  	  
	  	  	
 

Number

 

 
	
COMMONWEALTH 

REALTY PARTNERS, INC.
	  	
 

Shares

***0***

 
	  	  
	  	  	  
	
INCORPORATED UNDER THE LAWS        

OF THE STATE OF NEVADA        
	  	
SEE REVERSE FOR CERTAIN DEFINITIONS AND A STATEMENT AS TO THE POWERS, DESIGNATIONS, PREFERENCES, RESTRICTIONS, AND RIGHTS OF SHARES

	  	  	  	  	  	  
	  	  	  	  	  	  	
CUSIP  _________________
	  	  

 

	  	  	  	  	  	  	  
	
THIS CERTIFIES THAT
	  	  	
 

SPECIMEN

 
	
  
	  
	  	  	  	  
	  	  	  	
    
	  	
  
	  
	
IS THE RECORD OWNER OF
	  	  	
 

ZERO

 
	
  
	  

 

FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON SHARES, $0.01 PAR VALUE OF

 

 

1

 

 

COMMONWEALTH REALTY PARTNERS, INC. 

 

transferable on the books of the  by the registered holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

 

In Witness Whereof the Company has caused this certificate to be signed in facsimile by it authorized officers and its facsimile seal to be affixed.

 

	  	  	  	  	  	  	  	  	  
	
Dated
	  	  	
  
	  	  	  	
  
	  
	  	  	  	  	  
	

/s/ Chris Cronin

	  	  	
  
	
COMMONWEALTH REALTY PARTNERS, INC.
	  	  	
  
	

/s/ Chris Cronin

	
Secretary
	  	  	
  
	  	  	  	
  
	
President and

	  	  	  	
  
	
CORPORATE SEAL

 
	  	  	
  
	
Chief Executive Officer

	  	  	  	
  
	  	  	  	
  
	  

 

	  	  	
TRANSFER AGENT AND REGISTRAR,

	  	  
	  	  	
               VOID

	  	  	
By
	
  
	  
	  	  	  	
  
	
AUTHORIZED SIGNATURE

 

 

 

2

 

 

COMMONWEALTH REALTY PARTNERS, INC.

 

The Company is authorized to issued Common Stock and Preferred Stock. The Board of Directors of the Company has the authority to fix the number of shares and the designations of Preferred Stock and to determine or amend the preferences, privileges, and restrictions granted to or imposed upon any unissued shares of Preferred Stock.

 

The  shall furnish without charge to each stockholder who so requests a statement of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock of the  or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights
so far as the same shall have been fixed, and of the authority of the Board of Directors to designate and fix any preferences, rights and limitations of any wholly unissued series. Such requests shall be made to the Secretary at the principal office of the Company.

 

	
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:

	  	  	  	  	
UNIF GIFT MIN ACT – __________________ Custodian ___________  

	
TEN COM
	  	
as tenants in common
	  	  	
(Cust)                           (Minor)            

	  	  	  
	
TEN ENT
	  	
as tenants by entireties
	  	
                            under Uniform Gifts to Minors Act                                     

	  	  	  	  	  	  	  	  	  	
(State)                    

	
JT TEN
	  	
as joint tenants with right of
	  	
UNIF TRF MIN ACT – ________Custodian (until age_______ )

	  	  	
survivorship and not as
	  	
(Cust)                                                       

	  	  	
tenants in common
	  	
                                 under Uniform Transfers

	  	  	  	  	  	
(Minor)                  
	  	  
	  	  	  	  	  	
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

    IDENTIFYING NUMBER OF ASSIGNEE

 

	  	  
	  	  
	  	  

 

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF ASSIGNEE)

 

 

	  	  
	  	
Shares

 

	  	  
	
of the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint
	  

 

 

 

3

 

 

 

	  	  
	  	
Attorney to

 

transfer the said stock on the books of the within named  with full power of substitution.

 

Dated:                     

 

	  	  	  	  	  
	  	  	
X
	
  
	  
	  	  	  
	  	  	
X
	
  
	  
	  	  	
NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER.

 

 

4ex10_1.htm

Exhibit 10.1

 

PROMISSORY NOTE

 

October 15, 2009 

 

$6,300

 

In consideration of Money Loaned to the Company by Chris Cronin in the aggregate amount of $6,300, Commonwealth Realty Partners, Inc., a Nevada corporation ("Commonwealth Realty Partners, Inc.") hereby promises to pay to the order of Chris Cronin, an individual ("Mr.
Cronin"), the amount of $6,300.00 in accordance with the following:

 

	1.	
Payment of Amount Owed. Commonwealth Realty Partners, Inc. shall pay Mr. Cronin the 
principal amount of this note in on demand.

	 	 
	2.	Interest. Interest will accrue on the principal amount of this note at 0%.
	 	 
	3.	
Method of Payment. Commonwealth Realty Partners, Inc. shall make all payments of amounts due under this note by wire transfer of immediately available funds to an account designated by Mr. Cronin in a written notice to Commonwealth
Realty Partners, Inc.

	 	 
	4.	
Conversion. Mr. Cronin is entitled, at his option, to convert at any time into shares of Common Stock of the Company at a conversion price of .08 per each share of Common Stock.

	 	 
	5.	
Prepayment. Commonwealth Realty Partners, Inc. May prepay this note in whole or in part at any time without premium or penalty.

	 	 
	6.	Events of Default. The occurrence of one or more of the following events (an"Event of Default) will cause Commonwealth Realty Partners, Inc. to be in default under this note:

 

	          a.	
Commonwealth Realty Partners, Inc. fails to make any payment due under section 1 of this note or breaches any other obligation contained in this note, and

	 	 
	          b.	Commonwealth Realty Partners, Inc. commences any voluntary proceeding under any chapter of the Federal Bankruptcy Code or any other law relating to bankruptcy, bankruptcy reorganization, insolvency or relief
of debtors, or any such proceeding is commenced against Commonwealth Realty Partners, Inc. and is not dismissed within 60 days from the date on which it is filed or instituted.

 

	7. 	
Default Rate. Upon occurrence of an Event of Default, the unpaid principal amount of this note and any interest accrued thereon will bear interest from the date due until that amount is paid in full at an annual rate of 0 %.

	 	 
	8. 	
Expenses. Commonwealth Realty Partners, Inc. shall pay all reasonable expenses incurred by Mr. Cronin in connection with the collection and enforcement of this note, including without limitation reasonable attorneys' fees and costs.

 

	9.	
Waiver of Presentment. Commonwealth Realty Partners, Inc. hereby waives presentment. notice of demand for payment, protest, notice of dishonor and any other notice of any kind with respect to this note.

	 	 
	10.	
Waiver of Rights. No delay on the part of Mr. Cronin in exercising any of Mr. Cronin's rights nor an partial or single exercise or any of those rights constitutes a waiver thereof or of any other right, and no waiver on the part of Mr. Cronin of any of Mr. Cronin's rights constitutes a waiver
of any other right

	 	 
	11.	Amendment. This note may only be amended, waived, discharged, or terminatedby an instrument in writing signed by the party against which enforcement of the amendment, waiver, discharge, or termination is sought.
	 	 
	12.	Governing Law. The laws of the State of Massachusetts, without regard to principleslof conflicts of law, govern all matters arising under this note, including without limitation any tort claim. Commonwealth Realty
Partners, Inc. is executing this note on the date stated at the top of this note.

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