Document:

First Amendment to Loan Agreement

 EXHIBIT 10.49 
  
 FIRST AMENDMENT TO LOAN AGREEMENT 
  
 THIS FIRST AMENDMENT TO LOAN AGREEMENT (the “Amendment”), dated as of September 30, 2005, is between
Spacehab, Incorporated (“Borrower”) and Citibank Texas, N.A., formerly known as First American Bank, SSB (“Lender”), and is joined in by Astrotech Space Operations, Inc. and Spacehab Government Services, Incorporated for the
purpose of ratifying and confirming the provisions hereof. 
  
 RECITALS: 
  
 A. Borrower and Lender have entered into
that certain Loan Agreement (the “Agreement”) dated as of February 11, 2005. 
  
 B. Pursuant to the Agreement, Astrotech Space Operations, Inc. and Spacehab Government Services, Incorporated (“Pledgor”) each executed Security Agreements (collectively, the “Pledge”) both dated
as of February 11, 2005 securing the payment and performance of the Obligations. 
  
 C. Borrower and Lender now desire to amend the Agreement as herein set forth. 
  
 NOW, THEREFORE, in consideration of the premises herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 A. Definitions. Capitalized terms used in this Amendment, to the
extent not otherwise defined herein, shall have the same meanings as in the Agreement, as amended hereby. 
  
 ARTICLE II 
  
 Amendment 
  
 A. Amendment to Annex II –
Financial Covenants. Effective as of the date hereof, Section 3. Fixed Charge Coverage Ratio of Annex II – Financial Covenants of the Agreement is hereby deleted and restated in its entirety to read as follows: 
  
 3. Fixed Charge Coverage Ratio. 
  
 (a) Subject to paragraph (b) hereunder, the Borrower
shall at all times maintain a Fixed Charge Coverage Ratio of not less than 1.2 to 1.0 (the “Minimum Fixed Charge Coverage Ratio”). 
  
 (b) If, on any date on which the Borrower is required to deliver a compliance certificate pursuant to Section 7.1(c) hereof, the
Fixed Charge 

 
Coverage Ratio shall be less than the Minimum Fixed Charge Coverage Ratio, then: (i) the Borrower shall, pursuant to documentation in form and substance
reasonably satisfactory to the Lender, within three (3) business days pledge to the Lender Cash Collateral in an amount equal to the revolving credit Advances at such time outstanding; and (ii) the Lender shall not be required to make
additional revolving credit Advances to the Borrower unless after giving effect to such additional Advances the borrower shall be in compliance with the requirements of clause (b)(i) above. 
  
 B. (c) The amount of Cash Collateral required to be pledged shall be adjusted
from time to time to reflect changes in the amount of revolving credit Advances outstanding and in the Fixed Charge Coverage Ratio. If on any date of determination the amount of Cash Collateral pledged as of such date pursuant to clause
(b) above is greater than the amount required to be so pledged pursuant to such clause (b) above, the Lender shall release such excess amount from the pledge.” 
  
 ARTICLE III 
  
 Conditions Precedent 
  
 A. Conditions. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent: 
  
 1.1 Lender shall have received all of the following, each
dated (unless otherwise indicated) the date of this Amendment, in form and substance satisfactory to Lender: 
  
 (1) Governmental Certificates. Certificates of the appropriate government officials of the state of incorporation of Borrower and
each Pledgor as to the existence and good standing of Borrower and each Pledgor, each dated within ten (10) days of the date this Amendment is signed. 
  
 (2) Additional Information. Lender shall have received such additional documents, instruments and information as Lender or its
legal counsel, Winstead Sechrest & Minick P.C., may request. 
  
 1.2 The representations and warranties contained herein and in all other Loan Documents, as amended hereby, shall be true and correct as of the date hereof as if made on the date hereof (except for such
representations and warranties that specifically refer to an earlier date, which shall be true and correct as of such date). 
  
 1.3 No Event of Default shall have occurred and be continuing and no event or condition shall have occurred that with the giving of notice
or lapse of time or both would be an Event of Default. 
  
 1.4 All corporate proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments, and other legal matters incident thereto shall be satisfactory to Lender and its legal counsel, Winstead
Sechrest & Minick P.C. 
  

 2 

 ARTICLE IV 
  

Ratifications, Representations and Warranties 
  
 A. Ratifications. The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth
in the Agreement and except as expressly modified and superseded by this Amendment, the terms and provisions of the Agreement are ratified and confirmed and shall continue in full force and effect. Borrower and Lender agree that the Agreement as
amended hereby shall continue to be legal, valid, binding and enforceable in accordance with its terms. The terms, provisions, and conditions of any and all of the Loan Documents, including the Security Agreement dated February 11, 2005, are
hereby ratified and confirmed in every respect by Borrower and shall continue in full force and effect. 
  
 B. Representations and Warranties. Borrower hereby represents and warrants to Lender that (i) the execution, delivery and performance of this
Amendment and any and all other Loan Documents executed and/or delivered in connection herewith have been authorized by all requisite corporate action on the part of Borrower and will not violate the articles of incorporation or bylaws of Borrower,
(ii) the representations and warranties contained in the Agreement, as amended hereby, and any other Loan Document are true and correct on and as of the date hereof as though made on and as of the date hereof (except for such representations
and warranties that specifically refer to an earlier date, which shall be true and correct as of such date), (iii) no Event of Default has occurred and is continuing and no event or condition has occurred that with the giving of notice or lapse
of time or both would be an Event of Default, and (iv) Borrower is in full compliance with all covenants and agreements contained in the Agreement as amended hereby. 
  
 ARTICLE V 
  
 Miscellaneous 
  
 A. Survival of Representations and Warranties. All representations and warranties made in this Amendment or any other Loan Document (including any
Loan Document furnished in connection with this Amendment) shall survive the execution and delivery of this Amendment and the other Loan Documents, and no investigation by Lender or any closing shall affect the representations and warranties or the
right of Lender to rely upon them. 
  
 B. Reference to
Agreement. Each of the Loan Documents, including the Agreement and any and all other agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Agreement as amended
hereby, are hereby amended so that any reference in such Loan Documents to the Agreement shall mean a reference to the Agreement as amended hereby. 
  

 3 

 C. Expenses of Lender. As provided in the Agreement, Borrower agrees to pay on demand all costs
and expenses incurred by Lender in connection with the preparation, negotiation, and execution of this Amendment and the other Loan Documents executed pursuant hereto and any and all amendments, modifications, and supplements thereto, including
without limitation the reasonable costs and fees of Lender’s legal counsel, and all costs and expenses incurred by Lender in connection with the enforcement or preservation of any rights under the Agreement, as amended hereby, or any other Loan
Document, including without limitation the reasonable costs and fees of Lender’s legal counsel. 
  
 D. Severability. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable. 
  
 E. Applicable Law. This Amendment and all other Loan Documents executed pursuant hereto shall be deemed to have been made and to be performable in
Houston, Harris County, Texas and shall be governed by and construed in accordance with the laws of the State of Texas. 
  
 F. Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of Lender and Borrower and their respective successors and
assigns, except Borrower may not assign or transfer any of its rights or obligations hereunder without the prior written consent of Lender. 
  
 G. Counterparts. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original, but
all of which when taken together shall constitute one and the same instrument. 
  
 H. Effect of Waiver. No consent or waiver, express or implied, by Lender to or for any breach of or deviation from any covenant, condition or duty by Borrower or Guarantor shall be deemed a consent or waiver to
or of any other breach of the same or any other covenant, condition or duty. 
  
 I. Headings. The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment. 
  
 J. SECTION 26.02 NOTICE. THIS AMENDMENT AND ALL OTHER INSTRUMENTS,
DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER
WRITTEN OR ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. 
  
 THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES
HERETO. 
  

 4 

 K. WAIVER OF JURY TRIAL. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES
HERETO HEREBY IRREVOCABLY AND EXPRESSLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED THEREBY OR THE ACTIONS OF THE AGENT OR ANY BANK IN THE NEGOTIATION, ADMINISTRATION, OR ENFORCEMENT THEREOF. 
  
 Executed as of the date first written above, but executed this 10 day of November, 2005. 
  

			
	BORROWER:
	
	SPACEHAB, INCORPORATED
		
	By:	 	/s/    Brian K. Harrington        
	 	 	 Brian Harrington
 Senior Vice President and Chief
 Financial Officer

	
	 Address for Notices:

	
	 12130 Highway 3, Building 1
 Webster, Texas 77598
 Fax No.: 713/558-5956
 Telephone No.: 713/558-5126
 Attention: Brian Harrington

	
	LENDER:
	
	CITIBANK TEXAS, N.A.
		
	By:	 	/s/    David Martin        
	 	 	 David Martin
 Senior Vice President

	
	 Address for Notices:

	
	 2000 W. Sam Houston Pkwy. S., Suite 675
 Houston, Texas 77042
 Fax No.: (713) 954-2053
 Telephone No.: (713) 954-9562
 Attention: Dave Martin

  
  
  
  
  
  
  
  

 5 

 Each Pledgor hereby consents and agrees to this Amendment and agrees that their respective Security
Agreements shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of each Pledgor enforceable against each Pledgor in accordance with its terms. 
  
 Each Pledgor hereby represents and warrants to Lender that (i) the
execution, delivery and performance of this Amendment and any and all other Loan Documents executed and/or delivered in connection herewith have been authorized by all requisite corporate action on the part of each Pledgor and will not violate the
articles of incorporation or bylaws of either Pledgor, (ii) the representations and warranties contained in their Pledge are true and correct on and as of the date hereof as though made on and as of the date hereof (except for such
representations and warranties that specifically refer to an earlier date, which shall be true and correct as of such date), (iii) no Event of Default has occurred and is continuing and no event or condition has occurred that with the giving of
notice or lapse of time or both would be an Event of Default, and (iv) each Pledgor is in full compliance with all covenants and agreements contained in the Agreement as amended hereby. 
  
 Executed as of the date first written above, but executed this 10 day of
November, 2005. 
  

			
	PLEDGOR:
	
	 SPACEHAB GOVERNMENT SERVICES,
 INCORPORATED

		
	By:	 	/s/    Brian K. Harrington        
	 	 	 Brian Harrington
 Senior Vice President and Chief
 Financial Officer

	
	PLEDGOR:
	
	 ASTROTECH SPACE OPERATIONS, INC.
 a Delaware
corporation

		
	By:	 	/s/    Brian K. Harrington        
	 	 	 Brian Harrington
 Senior Vice President and Chief
 Financial Officer

  

 6PROMISSORY NOTE

 Exhibit 10.9 
  
 PROMISSORY NOTE 
  

			
	 $1,000,000.00
	 	November 8, 2005

  
 TAC
Acquisition Corp. 
 8 Sound Shore Drive, Suite 255 
 Greenwich, Connecticut 06830 
 (Hereinafter referred to as “Borrower”) 
  
 Wachovia Bank, National Association 
 201 S. College Street, CP9, NC 1183 
 Charlotte, North Carolina 28288 
 (Hereinafter referred to as “Bank”) 
  
 BORROWER PROMISES TO PAY TO THE ORDER OF BANK, IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA, AT ITS OFFICE INDICATED ABOVE OR WHEREVER
ELSE BANK MAY SPECIFY, THE SUM OF ONE MILLION DOLLARS ($1,000,000.00) OR SUCH LESSER AMOUNT AS MAY BE ADVANCED AND OUTSTANDING FROM TIME TO TIME, WITH INTEREST ON THE UNPAID PRINCIPAL BALANCE AT THE RATE AND ON THE TERMS PROVIDED IN THIS
PROMISSORY NOTE (INCLUDING ALL RENEWALS, EXTENSIONS OR MODIFICATIONS HEREOF, THIS “NOTE”). 
  
 REVOLVING CREDIT FACILITY. Borrower may borrow, repay and reborrow (in any minimum or multiple amount), and, upon the request of Borrower, Bank shall advance and
readvance (in no minimum or multiple amount) under this Note from time to time until the maturity hereof (each an “Advance” and together the “Advances”), so long as the total principal balance
outstanding under this Note at any one time does not exceed $1,000,000 (the “Committed Amount”). Bank’s obligation to make Advances under this Note shall terminate upon the occurrence of a Default. Each request for an
Advance must be in writing in the form of Exhibit A attached hereto and received by Bank not later than 3:00 P.M. Eastern time on the proposed date of such Advance, in which case Bank shall make such Advance
available to Borrower not later than 4:00 P.M. Eastern time. As of the date of each proposed Advance, Borrower shall be deemed to represent that each representation made in this Note is true as of such date. 

 
 INTEREST RATE. Interest shall accrue on the outstanding principal balance of this
Note from the date hereof at the LIBOR Market Index Rate plus 1.50%, as that rate may change from day to day in accordance with changes in the LIBOR Market Index Rate (“Interest Rate”). “LIBOR Market Index Rate”,
for any day, means the rate for 1 month U.S. dollar deposits as reported on Telerate page 3750 as of 11:00 A.M., London time, on such day, or if such day is not a London business day, then the immediately preceding
London business day (or if not so reported, then as determined by Bank from another recognized source or interbank quotation). 
  
 DEFAULT RATE. In addition to all other rights contained in this Note, at any time that a Default is in existence, all outstanding Obligations between Borrower and
Bank or its affiliates, shall bear interest at the Interest Rate plus 2% (“Default Rate”). The Default Rate shall also apply from acceleration until the Obligations or any judgment thereon is paid in full. 

 FEES. Borrower shall pay to Bank an upfront fee of $15,000.00 on the date hereof. In addition, Borrower shall pay
to Bank a fee (the “Unused Fee”) of 0.50% on the actual daily amount by which the Committed Amount exceeds the aggregate principal amount of the Advances outstanding under this Note. The Unused Fee shall accrue at all times
until the expiration or termination of the Bank’s obligation to make Advances hereunder, commencing on the date hereof, and shall be due and payable quarterly in arrears on the last business day of each March, June, September and December.

  
 INTEREST AND FEE(S) COMPUTATION (ACTUAL/360). Interest on the Advances
and the Unused Fee shall be computed on the basis of a 360-day year for the actual number of days in the applicable period (“Actual/360 Computation”). The Actual/360 Computation determines the annual effective interest yield
by taking the stated (nominal) rate for a year’s period and then dividing said rate by 360 to determine the daily periodic rate to be applied for each day in the applicable period. Application of the Actual/360 Computation produces an
annualized effective rate exceeding the nominal rate. 
  
 REPAYMENT TERMS.
The principal and interest on this Note shall be due and payable on the earlier of (i) January 1, 2007 and (ii) the date that any amounts on deposit in the Trust Account are withdrawn for any purpose. 
  
 APPLICATION OF PAYMENTS. Monies received by Bank from any source for application
toward payment of the Obligations shall be applied to accrued interest and then to principal. If a Default occurs, monies may be applied to the Obligations in any manner or order deemed appropriate by Bank. 
  
 If any payment received by Bank under this Note is rescinded, avoided or for any reason
returned by Bank because of any adverse claim or threatened action, the returned payment shall remain payable as an obligation of all persons liable under this Note as though such payment had not been made. 
  
 DEFINITIONS. As used in this Note, (i) the term
“Obligations” refers to any and all indebtedness and other payment obligations of Borrower under this Note and (ii) the term “Trust Account” refers to the escrow account established by Borrower
with The Bank of New York in connection with the consummation of its initial public offering and into which a certain amount of the net proceeds of such initial public offering was deposited. All other capitalized terms that are used but not
otherwise defined in this Note shall have the definitions provided in the Uniform Commercial Code as in effect in the State of New York. 
  
 ATTORNEYS’ FEES AND OTHER COLLECTION COSTS. Borrower shall pay all of Bank’s reasonable expenses actually incurred to enforce or collect any of the
Obligations including, without limitation, reasonable arbitration, paralegals’, attorneys’ and experts’ fees and expenses, whether incurred without the commencement of a suit, in any trial, arbitration, or administrative proceeding,
or in any appellate or bankruptcy proceeding. 

 USURY. If at any time the effective interest rate under this Note would, but for this paragraph, exceed the
maximum lawful rate, the effective interest rate under this Note shall be the maximum lawful rate, and any amount received by Bank in excess of such rate shall be applied to principal and then to fees and expenses, or, if no such amounts are owing,
returned to Borrower. 
  
 DEFAULT. If any of the following occurs, a
default (“Default”) under this Note shall exist: Nonpayment; Nonperformance. (i) The failure of Borrower to make timely payment of the Obligations under this Note (subject to a three day cure period in the case of
any Obligations not constituting principal or interest), (ii) the failure of Borrower to perform or observe any term, covenant or agreement contained in the paragraph below under the caption “Additional Covenants – Limitations on
Liabilities, Liens, Business Activities and Negative Pledges” or (iii) the failure of Borrower to perform or observe any other term, covenant or agreement contained in this Note (not specified in clause (i) or (ii) above) for a
period of 30 days after the earlier of (x) knowledge thereof by Borrower and (y) notice thereof being given to Borrower by Bank. False Warranty. A warranty or representation made or deemed made in this Note or furnished Bank in
connection with any advance evidenced by this Note proves materially false, or if of a continuing nature, becomes materially false. Cross Default. Any default in payment or performance of any obligation under any other loans, contracts or
agreements of Borrower, in each case requiring the payment by Borrower of $50,000 or more during any period of 12 months or less or, in the case of indebtedness, having a principal amount of $50,000 or more. Cessation; Bankruptcy. The
dissolution of Borrower, termination of existence of Borrower or the merger or consolidation of Borrower with any other person, or the appointment of a receiver for, the assignment for the benefit of creditors of, or the commencement of any
bankruptcy or insolvency proceeding by or against, Borrower (subject, in the case of an involuntary bankruptcy proceeding, to a 60 day cure period to discharge such involuntary bankruptcy proceeding). 
  
 REMEDIES UPON DEFAULT. If a Default occurs under this Note, Bank may at any time
thereafter, take the following actions: Bank Lien. Foreclose its security interest or lien against Borrower’s accounts without notice. Acceleration Upon Default. Accelerate the maturity of the Obligations, whereupon the
Obligations shall be immediately due and payable; provided, however, if the Default is based upon a bankruptcy or insolvency proceeding commenced by or against Borrower, all Obligations shall automatically and immediately be due and payable.
Cumulative. Exercise any rights and remedies as provided under this Note, or as provided by law or equity. 
  
 FINANCIAL AND OTHER INFORMATION. Borrower shall deliver to Bank (i) within 90 days after the end of each fiscal year of Borrower, Borrower’s 10K filing
for such fiscal year, (ii) within 60 days after the end of each fiscal quarter of Borrower, Borrower’s 10Q filing for such fiscal quarter, (iii) promptly after the same are available, copies of all other reports and registration
statements which Borrower may file or be required to file with the Securities and Exchange Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934, and (iv) promptly after request by Bank, such other information as Bank
may reasonably request from time to time. Borrower represents and warrants that all information delivered to Bank in accordance with this paragraph shall be true, complete, and accurate in all material respects. Concurrently with the delivery of
Borrower’s 10K and 10Q filings, Borrower shall deliver to 

 
Bank a duly completed compliance certificate in the form of Exhibit B attached hereto signed by the chief financial officer or president of Borrower.

  
 ADDITIONAL COVENANTS. Borrower agrees to the following provisions from
the date hereof until final payment in full of the Obligations and expiration or termination of the Bank’s obligation to make Advances hereunder, unless Bank shall otherwise consent in writing: Maintenance of Business and Assets.
Borrower shall preserve and keep in full force and effect its existence, material rights, material franchises and authority. Borrower shall not sell, transfer, lease, invest (other than cash equivalent investments in the form of debt obligations
guaranteed by the United States or any State thereof and commercial paper maturing within 270 days that has been given the highest rating by Standard & Poor’s Corporation and Moody’s Investors Service) or otherwise dispose of all
or any part of its property or assets other than in connection with a Business Combination and worn-out, obsolete, damaged or surplus property. Limitations on Liabilities, Liens, Business Activities and Negative Pledges. Borrower shall not
(i) have any liabilities other than the liabilities under this Note, tax liabilities incurred in the ordinary course of business, expenses associated with evaluating and/or consummating the a Business Combination and corporate, administrative,
legal, accounting and operating expenses (including those expenses related to the establishment and maintenance of the Trust Account) incurred in the ordinary course of business, (ii) have any lien (other than in favor of Bank, a bankers lien
in favor of The Bank of New York in connection with the Trust Account, judgment liens in existence for less than 45 days which are either fully covered by insurance or as to which execution has been stayed and liens for taxes not at the time
delinquent or being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books) on any of its property or assets,
engage in any business activities prior to consummation of a Business Combination other than entering into this Note, maintaining amounts on deposit in the Trust Account, activities relating to the evaluation of, and negotiation of the terms for, a
Business Combination, and activities incidental or related to any of the foregoing, or (iii) enter into any agreement that encumbers or restricts the ability of Borrower to pledge any of its property or assets to Bank. Compliance with Laws.
Borrower will comply in all respects with all material federal, state and local laws, rules and regulations applicable to its properties, operations, business, and finances to the extent that the failure to be in compliance could reasonably be
expected to have a material adverse effect on the financial condition, business or prospects of Borrower. 
  
 WAIVERS AND AMENDMENTS. No waivers, amendments or modifications of this Note shall be valid unless in writing and signed by an officer of Bank. No waiver by Bank of any Default shall operate as a waiver of any
other Default or the same Default on a future occasion. Neither the failure nor any delay on the part of Bank in exercising any right, power, or remedy under this Note shall operate as a waiver thereof, nor shall a single or partial exercise thereof
preclude any other or further exercise thereof or the exercise of any other right, power or remedy. 
  
 Except to the extent otherwise provided herein or prohibited by law, the Borrower waives presentment, protest, notice of dishonor, demand for payment, notice of intention to accelerate maturity, notice of acceleration
of maturity, notice of sale and all other notices of any kind. 

 
MISCELLANEOUS PROVISIONS. Assignment. This Note shall inure to the benefit of and be binding upon the parties and their respective successors and
assigns. Bank’s interests in and rights under this Note are freely assignable, in whole or in part, by Bank. In addition, nothing in this Note shall prohibit Bank from pledging or assigning this Note or any interest therein to any Federal
Reserve Bank. Borrower shall not assign its rights and interest hereunder without the prior written consent of Bank, and any attempt by Borrower to assign without Bank’s prior written consent is null and void. Any assignment shall not release
Borrower from the Obligations. Organization; Powers. Borrower represents that Borrower (i) is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware, and is authorized to do business
in each other jurisdiction wherein its ownership of property or conduct of business legally requires such organization; (ii) has the power and authority to own its properties and assets and to carry on its business as now being conducted and as
now contemplated; and (iii) has the power and authority to execute, deliver and perform, and by all necessary action has authorized the execution, delivery and performance of, all of its obligations under this Note. Compliance with Laws.
Borrower represents that Borrower is in compliance in all respects with all federal, state and local laws, rules and regulations applicable to its properties, operations, business and finances, except when the failure to be in compliance could
not reasonably be expected to have a material adverse effect on the financial condition, business or prospects of Borrower. Borrower is not a Sanctioned Person nor does it have any of its assets in a Sanctioned Country nor does it do business in or
with, or derive any of its operating income from investments in or transactions with, Sanctioned Persons or Sanctioned Countries in violation of economic sanctions administered by OFAC. The proceeds from the Advances will not be used to fund any
operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Country. “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control.
“Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/sanctions/, or as otherwise published from time to
time. “Sanctioned Person” means (i) a person named on the list of Specially Designated Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/offices/enforcement/ofac/sdn/, or as otherwise
published from time to time, or (ii)(A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject to a
sanctions program administered by OFAC. Applicable Law; Conflict Between Documents. This Note shall be governed by and construed under the laws of the State of New York. Borrower’s Accounts. Except as prohibited by law, Borrower
grants Bank a security interest in all of Borrower’s accounts with Bank and any of its affiliates. Jurisdiction. Borrower irrevocably agrees to non-exclusive personal jurisdiction in the State of New York. Severability. If any
provision of this Note shall be prohibited or invalid under applicable law, such provision shall be ineffective but only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Note or other such document. Notices. Any notices to Borrower shall be sufficiently given, if in writing and mailed or delivered to the Borrower’s address shown above or such other address as provided hereunder, and to
Bank, if in writing and mailed or delivered to Wachovia Bank, National Association, 201 S. College Street, CP9, NC 1183, Charlotte, North Carolina 28288, Attention: Shasta Coulter, Fax: (704) 715-0091, E-mail: LaShasta.Coulter. wachovia.com,
with a copy to Wachovia Bank, National Association, 1 South Broad Street, PA4819, Philadelphia, 

 Pennsylvania 19107, Attention: Joan Anderson, Fax: (267) 321-7101, E-mail: Joan.Anderson. wachovia.com, or such
other address as Bank may specify in writing from time to time. Notices to Bank must include the mail code. In the event that Borrower changes Borrower’s address at any time prior to the date the Obligations are paid in full and the Bank’s
obligation to make Advances hereunder shall have expired or terminated, Borrower agrees to promptly give written notice of said change of address by registered or certified mail, return receipt requested, all charges prepaid. Plural; Captions.
All references in this Note to Borrower, person, document or other nouns of reference mean both the singular and plural form, as the case may be, and the term “person” shall mean any individual, person or entity. The
captions contained in this Note are inserted for convenience only and shall not affect the meaning or interpretation hereof. Posting of Payments. All payments received during normal banking hours after 2:00 P.M.
local time at the office of Bank first shown above shall be deemed received at the opening of the next banking day. Fees and Taxes. Borrower shall promptly pay all documentary, intangible recordation and/or similar taxes on this transaction
whether assessed at closing or arising from time to time. 
  
 LIMITATION ON
LIABILITY; WAIVER OF PUNITIVE DAMAGES. BORROWER AND BANK AGREE THAT IN ANY JUDICIAL, MEDIATION OR ARBITRATION PROCEEDING OR ANY CLAIM OR CONTROVERSY BETWEEN THEM THAT MAY ARISE OUT OF OR BE IN ANY WAY CONNECTED WITH THIS NOTE OR ANY OTHER
AGREEMENT OR DOCUMENT BETWEEN THEM OR THE OBLIGATIONS EVIDENCED HEREBY OR RELATED HERETO, IN NO EVENT SHALL ANY PARTY HAVE A REMEDY OF, OR BE LIABLE TO THE OTHER FOR, (1) INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES OR (2) PUNITIVE OR
EXEMPLARY DAMAGES. BORROWER AND BANK EACH HEREBY EXPRESSLY WAIVES ANY RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES THEY MAY HAVE OR WHICH MAY ARISE IN THE FUTURE IN CONNECTION WITH ANY SUCH PROCEEDING, CLAIM OR CONTROVERSY, WHETHER THE SAME IS
RESOLVED BY ARBITRATION, MEDIATION, JUDICIALLY OR OTHERWISE. Patriot Act Notice. To help fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information
that identifies each person who opens an account. For purposes of this section, account shall be understood to include loan accounts. FINAL AGREEMENT. This represents the final agreement between the parties and may not be contradicted by
evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. 
  
 WAIVER OF JURY TRIAL. BANK AND BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE. 
  
 FORUM SELECTION AND CONSENT TO JURISDICTION. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE MAY BE BROUGHT AND MAINTAINED IN THE COURTS OF THE STATE OF NEW YORK OR IN THE UNITED STATES
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. BORROWER AND BANK HEREBY EXPRESSLY AND 

 
IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE AND IRREVOCABLY AGREE TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH LITIGATION. 
  

Confidentiality. Bank agrees to keep confidential the Information (as defined below), except that Bank shall be permitted to disclose Information (a) to
its officers, directors, employees, agents, partners, advisors and representatives as they need to know such Information, (b) to the extent requested by any regulatory authority, (c) to the extent otherwise required by applicable laws or
by any subpoena or similar legal process, (d) in connection with the exercise of any remedies hereunder or in any suit, action or proceeding relating to the enforcement of its rights hereunder or under any other Loan Document, (e) to any
bank or financial institution or other entity to which Bank has pledged or assigned, in whole or in part, this Note or any interest therein or (f) to the extent such Information (i) becomes publicly available other than as a result of a
breach of this provision or (ii) becomes available to Bank on a nonconfidential basis from a source other than Borrower. For purposes of this Section, “Information” means all information that is received from Borrower relating
to Borrower or its business other than any such information that was available to Bank on a nonconfidential basis prior to its disclosure thereto by Borrower. Bank shall be considered to have complied with its obligations under this Section if it
exercises the same degree of care to maintain the confidentiality of the Information as such Person would accord its own confidential information. 

 IN WITNESS WHEREOF, Borrower, on the day and year first above written, has caused this Note to be executed under
seal. 
  

			
	TAC ACQUISITION CORP.
		
	By:	 	 /s/ Saul Rosenthal

	 	 	 Saul Rosenthal
 President

  
  
 Acknowledged and agreed as of the date first above written: 
  

			
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Joan Anderson

	 	 	 Joan Anderson
 Director

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