Document:

Secured Promissory Note

 Exhibit 10.1 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR THE APPLICABLE SECURITIES LAWS OF ANY STATE. 
 SECURED PROMISSORY NOTE 

 

			
	$660,000.00	 	March 29, 2006
		 	Clearwater, Florida

 For value received, Digital Lightwave, Inc., a Delaware corporation (the
“Company”), promises to pay to Optel Capital, LLC, a Delaware limited liability company (the “Holder”), or its registered assigns, the principal sum of Six Hundred Sixty Thousand Dollars ($660,000.00). Interest
shall accrue from the date of this Note on the unpaid principal amount at a rate equal to 10.0% per annum, compounded annually. The interest rate shall be computed on the basis of the actual number of days elapsed and a year of 360 days. This
Note is subject to the following terms and conditions. 
 1. Maturity. 
 (a) Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after March 31,
2006. 
 (b) Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon,
shall become immediately due and payable upon demand by the Holder at any time on or following the occurrence of any of the following events: 
 (i) the sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares
of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of
the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction; 
 (ii) the inability of the Company to pay its debts as they become due; 

 (iii) the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for
all or any material part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding by the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any
jurisdiction, now or in the future in effect; 
 (iv) the execution by the Company of a general assignment for the benefit of creditors;

 (v) the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation
law or statute of any jurisdiction, now or in the future in effect, which is not cured by the dismissal thereof within ninety (90) days after the date commenced; or 
 (vi) the appointment of a receiver or trustee to take possession of the property or assets of the Company. 
 2. Payment; Prepayment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first
to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty. 
 3. Transfer; Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be
transferred only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal
amount and accrued interest will be issued to, and registered in the name of, the transferee. Interest and principal are payable only to the registered holder of this Note. 
 4. Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of Florida, without giving effect to principles of conflicts of law. 
 5. Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48
hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be notified at such party’s address or facsimile number as set forth below or as subsequently
modified by written notice. 
 6. Amendments and Waivers. Any term of this Note may be amended only with the written consent of
the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and each transferee of this Note. 
  

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 7. Officers and Directors Not Liable. In no event shall any officer or director of the
Company be liable for any amounts due or payable pursuant to this Note. 
 8. Security Interest. This Note is secured by all of
the assets of the Company in accordance with the Twenty Second Amended and Restated Security Agreement by and between the Company and the Holder dated as of September 16, 2004 (the “Security Agreement”). In case of an Event of
Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement. 
 9.
Counterparts. This Note may be executed in any number of counterparts, each of which will be deemed to be an original and all of which together will constitute a single agreement. 
 10. Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses,
including reasonable attorney’s fees, incurred in connection with such action. 
 11. Loss of Note. Upon receipt by the
Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the Company (in case of loss, theft or destruction) or surrender and cancellation of such
Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor. 
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 This Note was entered into as of the date set forth above. 
  

			
	COMPANY:
	
	DIGITAL LIGHTWAVE, INC.
		
	By:	 	 /s/ Kenneth T. Myers

		 	Kenneth T. Myers
		 	President and Chief Executive Officer

 AGREED TO AND ACCEPTED: 
 OPTEL CAPITAL, LLC 
  

			
	By:	 	 /s/ Paul Ragaini

	Name:	 	Paul Ragaini
		 	      (print)
	Title:	 	Chief Financial OfficerTenth Amendment to Credit Agreement

 EXHIBIT 10.1 
 TENTH AMENDMENT TO CREDIT AGREEMENT 
 THIS TENTH AMENDMENT TO CREDIT AGREEMENT
(“this Amendment”) dated as of April 3, 2006, is entered into by ALABAMA NATIONAL BANCORPORATION, a Delaware corporation (the “Borrower”) and AMSOUTH BANK, an Alabama banking corporation (the
“Lender”). 
 Recitals 
 A. The Borrower and the Lender have entered into a Credit Agreement dated as of December 29, 1995 as amended by a First Amendment thereto dated as of January 20, 1997, a Second Amendment thereto dated as of
January 19, 1998, a Third Amendment thereto dated as of May 31, 1999, a Fourth Amendment thereto dated as of May 31, 2000, a Fifth Amendment thereto dated as of May 31, 2001, a Sixth Amendment thereto dated as of May 31,
2002, a Seventh Amendment thereto dated as of May 31, 2003, an Eighth Amendment thereto dated as of May 31, 2004 and a Ninth Amendment thereto dated as of May 31, 2005 (as so amended, the “Agreement”). 
 B. In connection with the renewal of the Master Note, the Borrower and the Lender now desire to further amend the Agreement by making the changes set
forth in this Amendment. 
 Agreement 
 NOW, THEREFORE, in consideration of the recitals and the mutual obligations and covenants contained herein, the Borrower and the Lender hereby agree as follows: 
 1. Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings attributed thereto in the Agreement. 

2. The defined term “Facility Termination Date” set forth in Article I of the Agreement is hereby further amended to read, in its entirety,
as follows: 
 “Facility Termination Date” means May 30, 2007, as such date may be extended from time to
time pursuant to Section 2.5 or accelerated pursuant to Section 7.2. 
 3. Notwithstanding the execution of this Amendment, all of
the indebtedness evidenced by the Note shall remain in full force and effect, as modified hereby; and nothing contained in this Amendment shall be construed to constitute a novation of the indebtedness evidenced by the Note or to release, satisfy,
discharge, terminate or otherwise affect or impair in any manner whatsoever (a) the validity or enforceability of the indebtedness evidenced by the Note; (b) the liability of any maker, endorser, surety, guarantor or other person that may
now or hereafter be liable under or on account of the Note or the Agreement or the Credit Documents; or (c) any security or other instrument now or hereafter held by the Lender as security for or as evidence of any of the above-described
indebtedness. 
  

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 4. All references in the Credit Documents to “Credit Agreement” shall refer to the Agreement as
amended by this Amendment, and as the Agreement may be further amended from time to time. 
 5. The Borrower certifies that true and correct
copies of the most recent amendments to its organizational documents have been provided to the Lender and that no further amendments have been adopted since the date thereof. 
 6. The Borrower hereby represents and warrants to the Lender that all representations and warranties contained in the Agreement are true and correct as
of the date hereof (except representations and warranties that are expressly limited to an earlier date); and the Borrower hereby certifies that no Event of Default nor any event that, upon notice or lapse of time or both, would constitute an Event
of Default, has occurred and is continuing. 
 7. Except as hereby amended, the Agreement shall remain in full force and effect as written.
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, and all of which when taken together shall constitute one and the same instrument. The covenants and agreements contained in this Amendment shall
apply to and inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. 
 8.
Nothing contained herein shall be construed as a waiver, acknowledgment or consent to any breach of or Event of Default under the Agreement and the Credit Documents not specifically mentioned herein, and the consents granted herein are effective
only in the specific instance and for the purposes for which given. 
 9. This Amendment shall be governed by the laws of the State of
Alabama. 
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 IN WITNESS WHEREOF, the Borrower and the Lender have caused this Amendment to be executed and
delivered by their duly authorized corporate officers as of the day and year first above written but actually on the date set forth below their signature. 
  

			
	ALABAMA NATIONAL BANCORPORATION
		
	By:	 	 /s/ William E. Matthews

	Its:	 	 Executive Vice President and Chief Financial Officer

	
	April 3, 2006.
	
	AMSOUTH BANK
		
	By:	 	 /s/ John M. Kettig

	Its	 	Senior Vice President
	
	April 3, 2006.

  

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