Document:

exv10w33

 

Exhibit 10.33

PROMISSORY NOTE

			
	$2,330,000
	 	December 1, 2004

     FOR VALUE RECEIVED, Synergetics Development Company, L.L.C., a Missouri limited liability
company (the “Obligor”) hereby promises to pay to the order of The Industrial Development Authority
of St. Charles County, Missouri, a public corporation of the State of Missouri (the “Issuer”), for
deposit in The Industrial Development Authority of St. Charles County, Missouri, Bond Fund -
Synergetics Development Company Project (the “Bond Fund”) established pursuant to the Indenture of
Trust, dated as of September 1, 2002, as supplemented by the First Supplemental Indenture of Trust,
dated as of December 1, 2004 (as supplemented, the “Indenture”), from the Issuer to UMB Bank, N.A.,
as Trustee (the “Trustee”), the principal amount of $2,330,000 together with interest and premium,
if any, thereon as hereinafter provided. Said sum, together with the interest and premium, if any,
thereon, is payable in federal or other immediately available funds during normal banking hours in
installments as follows:

	 	(a)	 	At or before 11:00 a.m., St. Louis, Missouri time, on the first day of each
calendar month, commencing June 1, 2005, as principal, the amount of the principal of
the Bonds (as hereinafter defined) coming due on such Bond Payment Date, whether at
stated maturity, by redemption or acceleration or otherwise;
	 
	 	(b)	 	At or before 11:00 a.m., St. Louis, Missouri time, on the first day of each
calendar month commencing January 1, 2005, as interest, the amount of the interest
coming due on the Bonds on such Bond Payment Date; and
	 
	 	(c)	 	At or before 11:00 a.m., St. Louis, Missouri time, on or before the day on
which any Bonds are to be redeemed, as premium, if any, the amount of the redemption
premium, if any, on the Bonds coming due on such Bond Payment Date.

     The term “Bond Payment Date” means each Interest Payment Date (as defined in the Indenture)
until the Issuer’s Private Activity Revenue Bonds, Series 2004 (Synergetics Development Company
Project) in the principal amount of $2,330,000 (the “Series 2004 Bonds”) are deemed to be paid
under Article XII of the Indenture, and any other date on which any Series 2004 Bonds are
to be redeemed or on which all of the Series 2004 Bonds have been declared due and payable pursuant
to the Indenture.

     Any moneys on deposit in the Bond Fund on any Bond Payment Date that are available for the
payment of the principal of or redemption premium, if any, or interest on the Series 2004 Bonds and
not previously so credited shall be credited to the extent of such deposits against the obligation
of the Obligor to make the payments described above.

     This Note is issued to evidence the obligation of the Obligor to repay the loan in the amount
of $2,330,000 by the Issuer to the Obligor. This Note is described in and secured by a certain
Future Advance Deed of Trust and Security Agreement dated as of September 1, 2002, as supplemented
by the First Supplemental Future Advance Deed of Trust and Security Agreement dated as of December
1, 2004 (as supplemented, the “Deed of Trust”) executed and delivered by the Obligor to the
mortgage trustee therein named for the benefit of the Issuer and by an Assignment of Leases dated
as of September 1, 2002, as supplemented by the First Supplemental Assignment of Leases dated as of
December 1, 2004 (as supplemented, the “Assignment of Leases”) executed and delivered by the
Obligor for the benefit of the Issuer, both covering certain property located in St. Charles
County, State of Missouri, in which County said Deed of Trust and said Assignment of Leases have
been duly recorded, and to which Deed of Trust and Assignment of Leases reference is hereby made
for a description of the security and a statement of the terms and conditions upon which this Note
is secured. This Note is also described in a certain Loan Agreement

 

 

dated as of September 1, 2002, as supplemented by the First Supplemental Loan Agreement dated as of
December 1, 2004 and executed by the Obligor and the Issuer.

     It is intended that the payments of principal of and premium, if any, and interest on this
Note be sufficient to pay when due the principal of and redemption premium, if any, and interest on
the Series 2004 Bonds and, in addition to the installments described above, the Obligor shall pay
upon demand any further amounts in federal or other immediately available funds as may from time to
time be required to pay when due any principal of or redemption premium or interest on the Series
2004 Bonds.

     The obligations of the Obligor to make the payments required hereunder are absolute and
unconditional, all as further described in the Loan Agreement.

     The amounts payable under this Note are subject to prepayment as provided in the Loan
Agreement.

     Upon the occurrence of an Event of Default (as defined in the Loan Agreement), the unpaid
principal of and accrued interest on this Note may, at the option of the holder hereof, be declared
due and payable as provided in the Loan Agreement and the Indenture. The failure of the holder of
this Note to exercise such option and to declare such indebtedness to be due as specified in the
Loan Agreement and the Indenture shall not constitute a waiver of the right at any time thereafter
to declare the entire amount of such indebtedness to be due and payable.

     The Issuer’s right, title and interest in, to and under this Note and the Loan Agreement
(except as specified therein) have been assigned to the Trustee and it is contemplated that the
Issuer will endorse this Note to the order of the Trustee. Payments on this Note shall be made to
the Trustee, as assignee of the Issuer, at the payment office of the Trustee in Kansas City,
Missouri.

     The Obligor hereby waives presentment, demand of payment, protest and notice of non-payment
and of protest and any and all other notices and demands whatsoever.

     ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING
REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO
PROTECT THE OBLIGOR AND THE ISSUER FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS THE
OBLIGOR AND THE ISSUER REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE
COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE ISSUER AND THE OBLIGOR, EXCEPT AS THE
ISSUER AND THE OBLIGOR MAY LATER AGREE IN WRITING TO MODIFY IT.

     This Note shall be governed by the laws of the State of Missouri.

     IN WITNESS WHEREOF, the Obligor has caused this Note to be executed in its name as of the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	SYNERGETICS DEVELOPMENT COMPANY, L.L.C.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	          /s/ Kurt W. Gampp
 
	 	 
	 

	 	 	 	          Title: Member	 	 

-2-

 

ENDORSEMENT

	 
	Pay to the order of UMB Bank, N.A., as Trustee, pursuant to the aforesaid Indenture
authorizing $2,330,000 principal amount of Private Activity Revenue Bonds, Series 2004 (Synergetics
Development Company Project), without recourse.

	 	 	 	 	 	 	 
	 	 	THE INDUSTRIAL DEVELOPMENT AUTHORITY	 	 
	 	 	OF ST. CHARLES COUNTY, MISSOURI	 	 
	 

	 	By
	 	          /s/
 
	 	 
	[SEAL]

	 	 	 	Title: President	 	 
	 
	 	 	 	 	 	 
	ATTEST:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	          /s/ Debra Wissmann
 
 Title:
Assistant Secretary

	 	 	 	 	 	 

-3-exv10w34

 

Exhibit 10.34

 

 

(The above space is reserved for Recorder’s Certification.)

FIRST SUPPLEMENTAL FUTURE ADVANCE DEED OF TRUST

AND SECURITY AGREEMENT

     THIS FIRST SUPPLEMENTAL FUTURE ADVANCE DEED OF TRUST AND SECURITY AGREEMENT SECURES FUTURE
ADVANCES AND FUTURE OBLIGATIONS AND SHALL BE GOVERNED BY SECTION 443.055 R.S.MO., AS AMENDED. THE
TOTAL PRINCIPAL AMOUNT OF THE PRESENT AND FUTURE ADVANCES AND OBLIGATIONS WHICH MAY BE SECURED
HEREBY IS $4,975,000.

     THE REAL PROPERTY ENCUMBERED BY THIS FUTURE ADVANCE DEED OF TRUST AND SECURITY AGREEMENT IS
LEGALLY DESCRIBED ON PAGE A-1 HEREOF.

     THIS FIRST SUPPLEMENTAL FUTURE ADVANCE DEED OF TRUST AND SECURITY AGREEMENT (this “First
Supplemental Deed of Trust”) is dated as of this 1st day of December, 2004, by and between
SYNERGETICS DEVELOPMENT COMPANY, L.L.C., a Missouri limited liability company (hereinafter called
“Grantor”) having a mailing address of 3845 Corporate Centre Drive, O’Fallon, Missouri 63304, and
Victor Zarrilli, as trustee (“Trustee”) having a mailing address of 6 South Broadway, St. Louis,
Missouri 63102, and THE INDUSTRIAL DEVELOPMENT AUTHORITY OF ST. CHARLES COUNTY, MISSOURI, a public
corporation as beneficiary (“Beneficiary”) having a mailing address of 5988 Mid Rivers Mall Drive,
St. Charles, Missouri 63304.

     WITNESSETH:

     WHEREAS, the Grantor did execute and deliver a Future Advance Deed of Trust and Security
Agreement dated as of September 1, 2002 (the “Original Mortgage” and, as supplemented by this First
Supplemental Deed of Trust, the “Mortgage”) for the benefit of the Beneficiary, which Original
Mortgage encumbered the real property described on page A-1 hereto and was recorded in the
real estate records of St. Charles County, Missouri in Book 3033, Page 1075; and

     WHEREAS, the Beneficiary assigned its interests in and to the Original Mortgage to the Trustee
pursuant to the Assignment dated as of September 1, 2002, which was recorded in the real estate
records of St. Charles County, Missouri in Book 3033, Page 1095; and

 

 

     WHEREAS, in connection with the issuance of additional bonds and an additional promissory note
(the “Series 2004 Note “), the Grantor desires to amend the Mortgage to secure the payments and
performance of the obligations of the Grantor under the Note, the Series 2004 Note, the Loan
Agreement and the Mortgage, as supplemented hereby.

     NOW, THEREFORE, THIS FIRST SUPPLEMENTAL DEED OF TRUST WITNESSETH:

     Section 1. The last recital of the Original Mortgage is hereby amended to read as follows:

     WHEREAS, the parties intend that this Deed of Trust shall secure the payment of
and obligations under the Note and the Series 2004 Note, all obligations of the
Grantor under the Loan Agreement, all obligations of Grantor under this Deed of
Trust, and any and all other present and future indebtedness (principal, interest,
fees and other amounts), liabilities and obligations of Grantor to Beneficiary
arising under the Note, the Series 2004 Note, the Loan Agreement or any other Debt
Instruments, including any and all amendments, modifications, extensions or renewals
thereof, whether now existing or made or incurred after the date of execution of this
Deed of Trust, in the maximum principal amount (exclusive of sums spent for the
reasonable protection of the security of this Deed of Trust, if any), of $4,975,000
(collectively, the “Indebtedness”); and

     Section 2. All references to the Note in the Original Mortgage are hereby amended to refer to
the Note and the Series 2004 Note.

     Section 3. Except as otherwise provided in this First Supplemental Deed of Trust, the
provisions of the Original Mortgage are hereby ratified, approved and confirmed. This First
Supplemental Deed of Trust shall be construed as having been authorized, executed and delivered
under the provisions of Section 1101(iv) of the Original Indenture.

     Section 4. If any provision of this First Supplemental Deed of Trust shall be held or deemed
to be invalid, inoperative or unenforceable as applied in any particular case in any jurisdiction
or jurisdictions or in all jurisdictions, or in all cases because it conflicts with any other
provision or provisions hereof or any constitution or statute or rule of public policy, or for any
other reason, such circumstances shall not have the effect of rendering the provision in question
inoperative or unenforceable in any other case or circumstance, or of rendering any other provision
or provisions herein contained invalid, inoperative or unenforceable to any extent whatever.

     Section 5. This First Supplemental Deed of Trust may be simultaneously executed in several
counterparts, each of which shall be an original and all of which shall constitute but one and the
same instrument.

     Section 6. The Mortgage, including without limitation this First Supplemental Deed of Trust,
shall be governed exclusively by and be construed in accordance with the applicable laws of the
State of Missouri.

     Section 7. Capitalized words and terms used herein, unless the context requires otherwise,
shall have the same meanings as set forth in the Indenture of Trust dated as of September 1, 2002,
as supplemented by the First Supplemental Indenture of Trust dated as of December 1, 2004 between
the Beneficiary and UMB Bank, N.A., as Trustee.

-2-

 

     IN WITNESS WHEREOF, Grantor has executed this Future Advance Deed of Trust and Security
Agreement the day and year first above written.

     Grantor:

	 	 	 	 	 
	 	SYNERGETICS DEVELOPMENT COMPANY, L.L.C.

 	 
	 	By     /s/ Kurt W. Gampp
 	 
	 	Name:  	 	 
	 	Title:  	Member 	 
	 

	 	 	 
	STATE OF MISSOURI

	)	 
	 

	)	   SS.
	COUNTY OF ST. CHARLES

	)	 

     On this 20th day of December, 2004, before me appeared Kurt W. Gampp, to me personally known, who, being by me duly sworn, did say that he/she is a member
of Synergetics Development Company, L.L.C., a Missouri limited liability company and that said
instrument was signed in behalf of said limited liability company by authority of its members; and
said he acknowledged said instrument to be the free act and deed of
said limited liability company.

     IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal in the County
and State aforesaid, the day and year first above written.

	 	 	 	 	 
	 	 	 
	(SEAL)         [SEAL]	/s/ Kathryn M. Norton
 	 
	 	Notary Public 	 
	 	 	 
	 

My term expires                                         .

-3-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00092-of-00352.parquet"}]]