Document:

Filed by Bowne Pure Compliance

 

Exhibit
10.24

REVOLVING PROMISSORY NOTE

 

			
	$1,250,000.00
	 	July 5, 2007

FOR VALUE RECEIVED, ProLink Solutions, LLC, a Delaware limited liability company
(“Borrower”), hereby promises to pay to the order of Robeco WPG Distressed/Special
Situations Overseas, L.P., a Cayman Islands limited partnership, or its endorsees, successors
or assigns (the “Holder”), the principal sum of One Million Two Hundred Fifty Thousand
Dollars ($1,250,000.00) (the “Maximum Amount”), or so much thereof as may be advanced
from time to time by Holder, in immediately available funds and in lawful money of the United
States of America, together with interest on the outstanding balance thereof, all as provided in
this Amended and Restated Revolving Promissory Note (this “Note”).

1. Loan Agreement. This Note is made and given in connection with that certain Letter
Agreement dated July 2, 2007 between Borrower and Holder (the “Loan Agreement”), and all of the
terms, conditions and definitions contained in the Loan Agreement are incorporated in this Note by
reference as if fully stated herein.

2. Advances. Upon written request of Borrower to Holder from time to time and upon
compliance with the terms and conditions of the Loan Agreement, Holder may, in its sole discretion,
advance funds to Borrower under this Note not to exceed the Maximum Amount in one or more advances
at any time and from time to time from the date hereof through and including July 2, 2009 (the
“Funding Termination Date”). The principal amount of this Note may be borrowed, repaid and
reborrowed from time to time. Holder may request documentation or information, as Holder shall
reasonably require as a condition to each such advance.

3. Interest. The outstanding principal balance of this Note shall bear simple
interest at fifteen percent (15%) per annum (the “Regular Rate”), computed on the basis
that each month contains thirty (30) days and each year contains three-hundred and sixty (360)
days.

4. Repayments of Advances and Interest. The accrued and unpaid interest on the
principal balance of this Note outstanding from time to time, shall be paid in monthly interest
only installments on the last day of any month in which any advances are outstanding; provided,
however, that the principal amount plus accrued and unpaid interest on an Advance Amount relating
to: (a) the Foreign Receivables shall be repaid by Borrower within sixty (60) days after Borrower’s
receipt of the Advance Amount; and (b) a particular Funded Prolink System shall be repaid by
Borrower on or before the earlier of (i) three (3) business days after confirmation by Borrower of
its receipt of good, collected funds from the sale of such Funded Prolink System, or (ii) thirty
(30) days after Borrower’s receipt of such Advance Amount if Borrower has not received confirmation
of credit approval by Borrower’s funding source of the Golf Course Customer intended to receive
such Funded Prolink System.

5. Payment of Principal; Maturity Date. Borrower agrees to pay in full the entire
outstanding principal balance of this Note, accrued and unpaid interest, and all other unpaid
amounts owing under this Note on or before the Funding Termination Date (the “Maturity
Date”).

 

 

 

6. Optional Prepayments. The indebtedness evidenced by this Note may be prepaid in
whole or in part at any time without premium or penalty.

7. Manner of Payment. Payment(s) of principal, interest and other amounts due under
this Note shall be made on the date due in lawful money of the United States of America at:

Morgan Stanley Prime Brokerage

1221 Avenue of the Americas, 28th Floor

New York, NY 10020

Attn: Michael Arrington

Citibank, N.A. New York

ABA #021000089

Account — Morgan Stanley & Co., NY

Account Number 38890774

FFC: Robeco WPG Distressed/Special Situations Overseas, L.P., A/C # 038C59873

or to such other place of payment as Holder may designate in writing. All such payments shall be
made without any deduction whatsoever, including, without limitation, any deduction for set-off,
recoupment, counterclaim, or taxes. Any payments due hereunder that are due on a day that is not a
business day shall be payable on the immediately succeeding business day, together with all accrued
and unpaid interest through the actual date of payment. All payments made hereunder shall be
applied first to the payment of the interest then accrued and due on the unpaid principal balance
of this Note and any other charges or fees due under this Note or the Loan Agreement and the
remainder shall be applied to the reduction of the unpaid principal.

8. Security. Upon any Default under the Loan Agreement or this Note, Borrower will
grant Holder a purchase money security interest in all of Borrower’s right, title, and interest in
and to the Funded Prolink Systems and any accounts and proceeds derived therefrom to secure the
unpaid Advance Amounts related to the Funded Prolink Systems, and a security interest in all of
Borrower’s right, title and interest in and to the Foreign Receivables to secure the unpaid Advance
Amounts related to the Foreign Receivables.

9. Default. An “Event of Default” or a “Default” under this Note
shall exist (i) if Borrower fails to make any payment of interest when due; (ii) if Borrower fails
to repay any Advance Amount plus accrued and unpaid interest thereon when due; (iii) upon the
occurrence of an event of default under the Loan Agreement; (iv) if Borrower commences a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself
or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or
seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of
it or any substantial part of its property, or consents to any such relief, or to the appointment
of, or taking possession by, any such official in an involuntary case or other proceeding commenced
against it, or makes a general assignment for the benefit of creditors, or fails generally to pay
its debts as they become due, or takes any limited liability company action to authorize any of the
foregoing; (v) if an involuntary case or other proceeding is commenced against Borrower seeking
liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of it or any substantial part of its
property, and such involuntary case or other proceeding remains undismissed and unstayed for a
period of sixty (60) days; or (vi) an order for relief is entered against Borrower under the
federal bankruptcy laws as now or hereafter in effect.

 

-2-

 

10. Remedies Upon Event of Default: If an Event of Default shall have occurred and be
continuing, Holder may, by written notice to Borrower, declare all outstanding principal of,
accrued and unpaid interest on, and all other amounts under this Note to be immediately due and
payable and upon such declaration, such amounts shall become immediately due and payable and shall
bear interest at the default interest rate of eighteen percent (18%) from the due date until paid
in full. If an Event of Default specified in clause (iv), (v) or (vi) of Section 9 occurs,
all outstanding principal of, accrued and unpaid interest on, and all other amounts under this Note
shall become immediately due and payable without any declaration or other act on the part of
Holder. In addition to the acceleration provisions set forth above, Holder may suspend or
terminate its obligation to make further advances as provided in Section 2, and exercise
all remedies provided at law or in equity or by statute. Each right, power or remedy of Holder
granted to Holder upon the occurrence of any Event of Default as provided for in this Note or now
or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and
shall be in addition to every other right, power or remedy provided for in this Note or now or
hereafter existing at law or in equity or by statute, and the exercise or beginning of the exercise
by Holder hereof of any one or more of such rights, powers or remedies shall not preclude the
simultaneous or later exercise by Holder of any or all such other rights, powers or remedies. Upon
the occurrence of an Event of Default, Borrower shall pay all costs and expenses (including
attorneys’ fees) that are incurred by Holder in connection with the preservation and enforcement of
its rights under this Note.

11. Waivers. Borrower hereby waives presentment for payment, demand, notice, protest,
notice of protest and notice of dishonor, and all other notices of any kind whatsoever to which it
may be entitled under applicable law or otherwise, except for notices to which Borrower is
expressly entitled under this Note.

12. Loss, Theft, Destruction, or Mutilation of this Note. Upon receipt of evidence
reasonable satisfactory to Borrower of the loss, theft, destruction or mutilation of this Note,
and, in the case any such loss, theft or destruction, upon receipt of an indemnity reasonably
satisfactory to Borrower, or, in the case of any such mutilation, upon surrender and cancellation
of such mutilated Note, Borrower shall issue and deliver within five (5) days a new Note, of like
tenor, in lieu of the lost, stolen, destroyed or mutilated Note.

13. Costs of Collection. Borrower agrees to pay to Holder all costs and expenses,
including the fees and expenses of all attorneys, accountants and other experts retained by Holder,
that are expended or incurred by or on behalf of Holder in connection with (a) the collection and
enforcement of this Note, whether or not any action, suit or other proceeding is commenced; (b) any
actions for declaratory relief in any way related to this Note or the indebtedness evidenced hereby; (c) the protection or preservation of any rights or remedies of Holder under this Note; (d) any actions taken by Holder in negotiating any amendment, waiver, consent or release of or under this Note; (e) any actions taken in reviewing Borrower’s financial affairs if any Default or Event of Default shall have occurred or Holder shall have determined in good faith that a Default or an Event of Default may likely occur; (f) any refinancing,
restructuring (whether in the nature of a “work out” or otherwise), bankruptcy or insolvency
proceeding involving Borrower; (g) any actions taken to perfect and protect any lien or security
interest granted to Holder upon any default under the Loan Agreement or this Note; or (h) any
effort by Holder to protect, assemble, complete, collect, sell, liquidate or otherwise dispose of
any property in which Holder is granted a security interest, including in connection with any case
under bankruptcy law.

 

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14. Usury Savings Clause. Borrower agrees to pay an effective rate of interest that
is the rate provided for in this Note plus any additional rate of interest resulting from any
charges of interest or in the nature of interest paid or to be paid in connection with the advances
evidenced by this Note and the Loan Agreement, including, without limitation the Loan Fee.
Notwithstanding any provision herein or in any instrument now or hereafter securing this Note, the
total liability for payments of interest and in the nature of interest shall not exceed the limits
imposed by the usury laws of the State of Arizona. If Holder receives as interest an amount that
would exceed such limits, such amount that would be excessive interest shall be applied to the
reduction of the unpaid principal balance and not to the payment of interest, and if a surplus
remains after full payment of principal and lawful interest, the surplus shall be remitted to
Borrower by Holder, and Borrower hereby agrees to accept such remittance.

15. Extension of Time. Holder may, at its sole option, extend the time for payment of
this Note, postpone the enforcement hereof, or grant any other indulgence without affecting or
diminishing Holder’s right to full recourse against Borrower hereunder, which right is expressly
reserved.

16. Outstanding Principal Balance. Borrower hereby authorizes Holder to endorse on
Exhibit “A” attached hereto and incorporated herein by this reference, appropriate
notations evidencing the date and amount of each Advance Amount and principal and interest
repayment by Borrower; provided, however, that failure of Holder to make notation
of any such advance or repayment shall not limit or otherwise affect Borrower’s obligations under
this Note and the recognition by Holder of payments by Borrower of principal and interest under
this Note.

17. Governing Law. IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE
(WITHOUT REGARD TO THE CHOICE OF LAW OR CONFLICTS OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA.

18. Captions; Construction and Interpretation. The captions contained in this Note
are for convenience of reference only, do not constitute a part of this Note and are not to be
considered in construing or interpreting this Note. Neither Borrower nor Holder shall be deemed the drafter of this Note for purposes of construing the provisions of this Note. All provisions of this Note shall be construed in accordance with their fair meaning, and not strictly for or against Borrower or Holder. Whenever used herein, the word “Borrower” shall be deemed to include its respective successors and assigns.

 

-4-

 

19. WAIVER OF JURY TRIAL. BORROWER AND HOLDER (BY ACCEPTANCE THEREOF) HEREBY WAIVE
THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER PROCEEDING BROUGHT TO RESOLVE ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATING TO THIS NOTE, ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, REGARDLESS OF WHICH PARTY INITIATES SUCH ACTION, SUIT
OR OTHER PROCEEDING.

20. Amendment. This Note may not be amended, modified, or changed, nor shall any
waiver of any provision hereof be effective, except only by an instrument in writing and signed by
Borrower and Holder.

21. Time. Time is of the essence of this Note.

22. Successors and Assigns. This Note shall be binding upon the heirs, legatees and
personal representatives of Borrower and shall inure to the benefit of the successors, assigns and
participants of Holder.

23. Notices. Any notice, demand, consent, approval, or other communication required
or desired to be given under this Note (“Notices”) shall be in writing and shall be
directed to the parties at the addresses set forth herein. All Notices provided for or permitted
by this Note shall be in writing and may be delivered by any one of the following methods: (a) by
personal delivery, (b) by United States Postal Service, certified mail, return receipt requested
(c) by prepaid deposit with an overnight express delivery service, or (d) by facsimile transmission
with a confirmed copy of successful transmission, together with a copy sent by one of the other
methods of notice authorized by this Section. All Notices shall be effective upon receipt, which
absent contrary proof, shall conclusively be presumed to occur not later than one (1) business day
after deposit with an overnight express delivery service, three (3) business days following posting
if transmitted by mail, or the date of transmission if sent by facsimile transmission. Each party
shall have the right to designate a different address by the giving of notice in conformity with
this Section. All notices shall be sent to:

	 	 	 	 	 
	 

	 	Holder:
	 	Robeco Investment Management, Inc.
	 

	 	 	 	As investment adviser for
	 

	 	 	 	Robeco WPG Distressed/Special Situations Overseas, L.P.
	 

	 	 	 	909 third Avenue
	 

	 	 	 	New York, NY 10022 
	 

	 	 	 	Attn: Kevin Ghomashchi
	 

	 	 	 	Facsimile: 212.908.9840 
	 

	 	 	 	Email: Kevin.ghomashchi@robecoinvest.com

 

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	 	Borrower:
	 	ProLink Solutions, LLC.
	 

	 	 	 	410 S. Benson Lane
	 

	 	 	 	Chandler, Arizona 85224
	 

	 	 	 	Attn: Lawrence Bain

[Signature appears on the following page]

 

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IN WITNESS WHEREOF, Borrower has caused this Note to be executed and delivered by its
authorized representatives as of the date first above written.

	 	 	 	 	 
	 	 	BORROWER:
	 
	 	 	 	 
	 	 	ProLink Solutions, llc,
	 	 	A Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

-7-

 

Exhibit “A”

Ledger

	 	 	 	 	 	 	 	 	 
	Golf Course or	 	 	 	Advance	 	Repayment	 	Repayment
	Owner	 	Advance Date	 	Amount	 	Date	 	AmountFiled by Bowne Pure Compliance

 

Exhibit
10.25

REVOLVING PROMISSORY NOTE

 

			
	$250,000.00
	 	July 5, 2007

FOR VALUE RECEIVED, ProLink Solutions, LLC, a Delaware limited liability company
(“Borrower”), hereby promises to pay to the order of Robeco WPG Event-Driven
Multi-Strategy Overseas, L.P., a Cayman Islands limited partnership, or its endorsees,
successors or assigns (the “Holder”), the principal sum of Two Hundred Fifty Thousand
Dollars ($250,000.00) (the “Maximum Amount”), or so much thereof as may be advanced
from time to time by Holder, in immediately available funds and in lawful money of the United
States of America, together with interest on the outstanding balance thereof, all as provided in
this Amended and Restated Revolving Promissory Note (this “Note”).

1. Loan Agreement. This Note is made and given in connection with that certain Letter
Agreement dated July 2, 2007 between Borrower and Holder (the “Loan Agreement”), and all of the
terms, conditions and definitions contained in the Loan Agreement are incorporated in this Note by
reference as if fully stated herein.

2. Advances. Upon written request of Borrower to Holder from time to time and upon
compliance with the terms and conditions of the Loan Agreement, Holder may, in its sole discretion,
advance funds to Borrower under this Note not to exceed the Maximum Amount in one or more advances
at any time and from time to time from the date hereof through and including July 2, 2009 (the
“Funding Termination Date”). The principal amount of this Note may be borrowed, repaid and
reborrowed from time to time. Holder may request documentation or information, as Holder shall
reasonably require as a condition to each such advance.

3. Interest. The outstanding principal balance of this Note shall bear simple
interest at fifteen percent (15%) per annum (the “Regular Rate”), computed on the basis
that each month contains thirty (30) days and each year contains three-hundred and sixty (360)
days.

4. Repayments of Advances and Interest. The accrued and unpaid interest on the
principal balance of this Note outstanding from time to time, shall be paid in monthly interest
only installments on the last day of any month in which any advances are outstanding; provided,
however, that the principal amount plus accrued and unpaid interest on an Advance Amount relating
to: (a) the Foreign Receivables shall be repaid by Borrower within sixty (60) days after Borrower’s
receipt of the Advance Amount; and (b) a particular Funded Prolink System shall be repaid by
Borrower on or before the earlier of (i) three (3) business days after confirmation by Borrower of
its receipt of good, collected funds from the sale of such Funded Prolink System, or (ii) thirty
(30) days after Borrower’s receipt of such Advance Amount if Borrower has not received confirmation
of credit approval by Borrower’s funding source of the Golf Course Customer intended to receive
such Funded Prolink System.

5. Payment of Principal; Maturity Date. Borrower agrees to pay in full the entire
outstanding principal balance of this Note, accrued and unpaid interest, and all other unpaid
amounts owing under this Note on or before the Funding Termination Date (the “Maturity
Date”).

 

 

 

6. Optional Prepayments. The indebtedness evidenced by this Note may be prepaid in
whole or in part at any time without premium or penalty.

7. Manner of Payment. Payment(s) of principal, interest and other amounts due under
this Note shall be made on the date due in lawful money of the United States of America at:

Morgan Stanley Prime Brokerage

1221 Avenue of the Americas, 28th Floor

New York, NY 10020

Attn: Michael Arrington

Citibank, N.A. New York

ABA #021000089

Account — Morgan Stanley & Co., NY

Account Number 38890774

FFC: Robeco WPG Event-Driven Multi-Strategy Overseas, L.P., A/C # 038C43927

or to such other place of payment as Holder may designate in writing. All such payments shall be
made without any deduction whatsoever, including, without limitation, any deduction for set-off,
recoupment, counterclaim, or taxes. Any payments due hereunder that are due on a day that is not a
business day shall be payable on the immediately succeeding business day, together with all accrued
and unpaid interest through the actual date of payment. All payments made hereunder shall be
applied first to the payment of the interest then accrued and due on the unpaid principal balance
of this Note and any other charges or fees due under this Note or the Loan Agreement and the
remainder shall be applied to the reduction of the unpaid principal.

8. Security. Upon any Default under the Loan Agreement or this Note, Borrower will
grant Holder a purchase money security interest in all of Borrower’s right, title, and interest in
and to the Funded Prolink Systems and any accounts and proceeds derived therefrom to secure the
unpaid Advance Amounts related to the Funded Prolink Systems, and a security interest in all of
Borrower’s right, title and interest in and to the Foreign Receivables to secure the unpaid Advance
Amounts related to the Foreign Receivables.

9. Default. An “Event of Default” or a “Default” under this Note
shall exist (i) if Borrower fails to make any payment of interest when due; (ii) if Borrower fails
to repay any Advance Amount plus accrued and unpaid interest thereon when due; (iii) upon the
occurrence of an event of default under the Loan Agreement; (iv) if Borrower commences a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself
or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or
seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of
it or any substantial part of its property, or consents to any such relief, or to the appointment
of, or taking possession by, any such official in an involuntary case or other proceeding commenced
against it, or makes a general assignment for the benefit of creditors, or fails generally to pay
its debts as they become due, or takes any limited liability company action to authorize any of the
foregoing; (v) if an involuntary case or other proceeding is commenced against Borrower seeking
liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of it or any substantial part of its
property, and such involuntary case or other proceeding remains undismissed and unstayed for a
period of sixty (60) days; or (vi) an order for relief is entered against Borrower under the
federal bankruptcy laws as now or hereafter in effect.

 

-2-

 

10. Remedies Upon Event of Default: If an Event of Default shall have occurred and be
continuing, Holder may, by written notice to Borrower, declare all outstanding principal of,
accrued and unpaid interest on, and all other amounts under this Note to be immediately due and
payable and upon such declaration, such amounts shall become immediately due and payable and shall
bear interest at the default interest rate of eighteen percent (18%) from the due date until paid
in full. If an Event of Default specified in clause (iv), (v) or (vi) of Section 9 occurs,
all outstanding principal of, accrued and unpaid interest on, and all other amounts under this Note
shall become immediately due and payable without any declaration or other act on the part of
Holder. In addition to the acceleration provisions set forth above, Holder may suspend or
terminate its obligation to make further advances as provided in Section 2, and exercise
all remedies provided at law or in equity or by statute. Each right, power or remedy of Holder
granted to Holder upon the occurrence of any Event of Default as provided for in this Note or now
or hereafter existing at law or in equity or by statute shall be cumulative and concurrent and
shall be in addition to every other right, power or remedy provided for in this Note or now or
hereafter existing at law or in equity or by statute, and the exercise or beginning of the exercise
by Holder hereof of any one or more of such rights, powers or remedies shall not preclude the
simultaneous or later exercise by Holder of any or all such other rights, powers or remedies. Upon
the occurrence of an Event of Default, Borrower shall pay all costs and expenses (including
attorneys’ fees) that are incurred by Holder in connection with the preservation and enforcement of
its rights under this Note.

11. Waivers. Borrower hereby waives presentment for payment, demand, notice, protest,
notice of protest and notice of dishonor, and all other notices of any kind whatsoever to which it
may be entitled under applicable law or otherwise, except for notices to which Borrower is
expressly entitled under this Note.

12. Loss, Theft, Destruction, or Mutilation of this Note. Upon receipt of evidence
reasonable satisfactory to Borrower of the loss, theft, destruction or mutilation of this Note,
and, in the case any such loss, theft or destruction, upon receipt of an indemnity reasonably
satisfactory to Borrower, or, in the case of any such mutilation, upon surrender and cancellation
of such mutilated Note, Borrower shall issue and deliver within five (5) days a new Note, of like
tenor, in lieu of the lost, stolen, destroyed or mutilated Note.

13. Costs of Collection. Borrower agrees to pay to Holder all costs and expenses,
including the fees and expenses of all attorneys, accountants and other experts retained by Holder,
that are expended or incurred by or on behalf of Holder in connection with (a) the collection and
enforcement of this Note, whether or not any action, suit or other proceeding is commenced; (b) any
actions for declaratory relief in any way related to this Note or the indebtedness evidenced hereby; (c) the protection or preservation of any rights or remedies of
Holder under this Note; (d) any actions taken by Holder in negotiating any amendment, waiver,
consent or release of or under this Note; (e) any actions taken in reviewing Borrower’s financial
affairs if any Default or Event of Default shall have occurred or Holder shall have determined in
good faith that a Default or an Event of Default may likely occur; (f) any refinancing,
restructuring (whether in the nature of a “work out” or otherwise), bankruptcy or insolvency
proceeding involving Borrower; (g) any actions taken to perfect and protect any lien or security
interest granted to Holder upon any default under the Loan Agreement or this Note; or (h) any
effort by Holder to protect, assemble, complete, collect, sell, liquidate or otherwise dispose of
any property in which Holder is granted a security interest, including in connection with any case
under bankruptcy law.

 

-3-

 

14. Usury Savings Clause. Borrower agrees to pay an effective rate of interest that
is the rate provided for in this Note plus any additional rate of interest resulting from any
charges of interest or in the nature of interest paid or to be paid in connection with the advances
evidenced by this Note and the Loan Agreement, including, without limitation the Loan Fee.
Notwithstanding any provision herein or in any instrument now or hereafter securing this Note, the
total liability for payments of interest and in the nature of interest shall not exceed the limits
imposed by the usury laws of the State of Arizona. If Holder receives as interest an amount that
would exceed such limits, such amount that would be excessive interest shall be applied to the
reduction of the unpaid principal balance and not to the payment of interest, and if a surplus
remains after full payment of principal and lawful interest, the surplus shall be remitted to
Borrower by Holder, and Borrower hereby agrees to accept such remittance.

15. Extension of Time. Holder may, at its sole option, extend the time for payment of
this Note, postpone the enforcement hereof, or grant any other indulgence without affecting or
diminishing Holder’s right to full recourse against Borrower hereunder, which right is expressly
reserved.

16. Outstanding Principal Balance. Borrower hereby authorizes Holder to endorse on
Exhibit “A” attached hereto and incorporated herein by this reference, appropriate
notations evidencing the date and amount of each Advance Amount and principal and interest
repayment by Borrower; provided, however, that failure of Holder to make notation
of any such advance or repayment shall not limit or otherwise affect Borrower’s obligations under
this Note and the recognition by Holder of payments by Borrower of principal and interest under
this Note.

17. Governing Law. IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE
(WITHOUT REGARD TO THE CHOICE OF LAW OR CONFLICTS OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA.

18. Captions; Construction and Interpretation. The captions contained in this Note
are for convenience of reference only, do not constitute a part of this Note and are not to be
considered in construing or interpreting this Note. Neither Borrower nor Holder shall be deemed the drafter of this Note for purposes of construing the provisions of this Note. All provisions of this Note shall be construed in accordance with their fair meaning, and not strictly for or against Borrower or Holder. Whenever used herein, the word “Borrower” shall be deemed to include its respective successors and assigns.

 

-4-

 

19. WAIVER OF JURY TRIAL. BORROWER AND HOLDER (BY ACCEPTANCE THEREOF) HEREBY WAIVE
THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR OTHER PROCEEDING BROUGHT TO RESOLVE ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATING TO THIS NOTE, ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, REGARDLESS OF WHICH PARTY INITIATES SUCH ACTION, SUIT
OR OTHER PROCEEDING.

20. Amendment. This Note may not be amended, modified, or changed, nor shall any
waiver of any provision hereof be effective, except only by an instrument in writing and signed by
Borrower and Holder.

21. Time. Time is of the essence of this Note.

22. Successors and Assigns. This Note shall be binding upon the heirs, legatees and
personal representatives of Borrower and shall inure to the benefit of the successors, assigns and
participants of Holder.

23. Notices. Any notice, demand, consent, approval, or other communication required
or desired to be given under this Note (“Notices”) shall be in writing and shall be
directed to the parties at the addresses set forth herein. All Notices provided for or permitted
by this Note shall be in writing and may be delivered by any one of the following methods: (a) by
personal delivery, (b) by United States Postal Service, certified mail, return receipt requested
(c) by prepaid deposit with an overnight express delivery service, or (d) by facsimile transmission
with a confirmed copy of successful transmission, together with a copy sent by one of the other
methods of notice authorized by this Section. All Notices shall be effective upon receipt, which
absent contrary proof, shall conclusively be presumed to occur not later than one (1) business day
after deposit with an overnight express delivery service, three (3) business days following posting
if transmitted by mail, or the date of transmission if sent by facsimile transmission. Each party
shall have the right to designate a different address by the giving of notice in conformity with
this Section. All notices shall be sent to:

	 	 	 	 	 
	 

	 	Holder:
	 	Robeco Investment Management, Inc.
	 

	 	 	 	As investment adviser for
	 

	 	 	 	Robeco WPG Event-Driven Multi-Strategy Overseas, L.P.
	 

	 	 	 	909 third Avenue
	 

	 	 	 	New York, NY 10022 
	 

	 	 	 	Attn: Kevin Ghomashchi
	 

	 	 	 	Facsimile: 212.908.9840 
	 

	 	 	 	Email: Kevin.ghomashchi@robecoinvest.com

 

-5-

 

	 	 	 	 	 
	 

	 	Borrower:
	 	ProLink Solutions, LLC.
	 

	 	 	 	410 S. Benson Lane
	 

	 	 	 	Chandler, Arizona 85224 
	 

	 	 	 	Attn: Lawrence Bain

[Signature appears on the following page]

 

-6-

 

IN WITNESS WHEREOF, Borrower has caused this Note to be executed and delivered by its
authorized representatives as of the date first above written.

	 	 	 	 	 
	 	 	BORROWER:
	 
	 	 	 	 
	 	 	ProLink Solutions, llc,
	 	 	A Delaware limited liability company
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

-7-

 

Exhibit “A”

Ledger

	 	 	 	 	 	 	 	 	 
	Golf Course or	 	 	 	Advance	 	Repayment	 	Repayment
	Owner	 	Advance Date	 	Amount	 	Date	 	Amount

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]