Document:

Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 4.8  

 SECOND EXTENSION AGREEMENT  

    This Second Extension Agreement ("Second Extension") is made and entered into this 15th day of March, 2001, by and among Ballantyne of Omaha,
Inc. ("the Borrower"), Design and Manufacturing, Inc., Xenotech Strong, Inc., Strong Westrex, Inc., and Xenotech Rental Corp. (collectively "the Guarantors") and Wells Fargo Bank Nebraska, National
Association, ("the Bank"). 

RECITALS  

    A.  The
Borrower is indebted to the Bank as evidenced by a Revolving Note dated January 5, 2001, in the maximum principal amount of $9,500,000.00 ("Revolving
Note"). The principal balance outstanding on March 12, 2001, under the Revolving Note was $6,660,000; accrued and unpaid interest to that date was $25,301.39. 

    B.  Payment
of the Revolving Note is secured by, without limitation, all of the Borrower's inventory, equipment, accounts and other rights to payment, and general
intangibles as more specifically described in the Security Agreement dated August 30, 1995 ("Security Agreement"). 

    C.  Payment
of the Revolving Note is also secured by, without limitation, a Deed of Trust dated August 30, 1995, and filed for record with the Douglas County
Register of Deeds on August 31, 1995, as Document No. 13536, encumbering certain real property as more specifically described therein, as the same may have been amended or modified
("Deed of Trust"). 

    D.  Payment
of the Revolving Note is also secured by, without limitation, an Assignment of Leases and Rent dated August 30, 1995, and filed for record with the
Douglas County Register of Deeds on August 31, 1995, as Document No.9508, encumbering certain real property as more specifically described therein, as the same may have been amended or modified
("Assignment"). 

    E.  Payment
of the Revolving Note is guaranteed by Design and Manufacturing, Inc., Xenotech Strong, Inc., Strong Westrex, Inc., and Xenotech Rental Corp. by their
corporate guaranties dated December 1, 1998 (collectively "the Guaranties"). The Guaranties are secured by each respective Guarantor's
accounts, inventory, equipment, and general intangibles as more specifically described in their security agreements dated August 30, 1995 and December 1, 1998. 

    F.  The
Borrower and Guarantors executed a Loan Repayment Agreement dated December 29, 2000, and an Extension Agreement dated January 31, 2001, which set
forth additional terms and conditions with regard to the above described indebtedness (collectively "the Agreement"). Terms not otherwise defined in this Second Extension shall have the same meanings
ascribed to them in the Agreement. 

    G.  The
Revolving Note again matured March 15, 2001, and the Borrower and Guarantors have requested that the Bank extend the Revolving Note in order for the
Borrower to conclude its efforts to refinance the loan, which the Bank has agreed to do pursuant to the terms and conditions of this Second Extension. 

    NOW, THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows: 

    1.  ACKNOWLEDGMENT.  The Borrower and the Guarantors acknowledge and agree
that the recitals herein are true and correct and that the indebtedness under the Revolving Note is due and owing to the Bank without offset, defense or counterclaims and further acknowledge that the
Security Agreement, Deed of Trust, Assignment and other documents evidencing the security for the Revolving Note are valid, binding and fully enforceable according to their terms; and further
acknowledge that the Guaranties and security agreements therefor are valid and binding and fully enforceable according to their terms. 

 

    2.  EXTENSION OF REVOLVING NOTE.  Subject to the other terms and conditions
of this Second Extension, and subject to all terms and conditions of the Agreement, as amended herein, the indebtedness evidenced by the Revolving Note shall be extended to April 30, 2001.
Effective on March 16, 2001, the interest accruing on the outstanding principal balance of the Revolving Note shall increase to 1.00% in excess of the Base Rate. The Borrower shall execute
herewith an appropriate Note Modification document reflecting the extended maturity date and increased interest rate. 

    3.  ADDITIONAL AMENDMENTS TO AGREEMENT.  Section 2.2 of the Agreement
is hereby amended to reduce the "Credit Limit" to the lesser of: the Borrowing Base or $7,500,000.00. 

    4.  COLLATERAL SECURITY AND GUARANTIES.  Payment of the Revolving Note and
performance of the Borrower's obligations as set forth in this Second Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of Trust and Assignment. The
Guarantors also reaffirm their guaranties of the Revolving Note and acknowledge and agree that their guaranties apply to the Revolving Note as extended and all other obligations of the Borrower to the
Bank. 

    5.  CONDITIONS PRECEDENT.  The Bank's performance hereunder is subject to
delivery to the Bank of each of the following as conditions precedent: 

    5.1 Duly
executed Note Modification; 

    5.2 A
certified copy of the resolutions of the Borrower's Board of Directors authorizing the execution, delivery and performance of this Second Extension and any other
document to be delivered pursuant hereto; 

    5.3 A
certificate of the Borrower's corporate secretary as to the incumbency and signature of the authorizing officers signing this Second Extension and any other
document to be delivered pursuant hereto; and 

    5.4 Copies
of any commitment letters, term sheets, applications, correspondence or other documents relating to the Borrower's efforts to obtain refinancing for the
Revolving Note. 

    6.  REPRESENTATIONS AND WARRANTIES.  To induce the Bank to enter into this
Second Extension, the Borrower represents and warrants to the Bank as follows: 

    6.1 The
Borrower is a corporation duly organized, existing and in good standing under the laws of the State of Delaware and is duly qualified to do business and is in
good standing in each jurisdiction where registration is necessary. 

    6.2 This
Second Extension and the documents to be delivered pursuant hereto are valid and binding in accordance with their terms and the execution, delivery and
performance of this Second Extension and
the issuance of the security agreements and other instruments granting to Bank its security interest are within the corporate powers of the Borrower, have been duly authorized, and are not in
contravention of law or the terms of its articles of incorporation or bylaws, or of any undertaking to which the Borrower is a party or by which it is bound. 

    6.3 The
Borrower has made no loans or transferred no interest in any property or asset to any person, except in the ordinary course of business. 

    6.4 No
consent, approval, or authorization of or declaration or filing with any governmental authority on the part of the Borrower is required in connection with the
execution and delivery of this Second Extension or the consummation of any transaction contemplated hereby. 

    6.5 The
Borrower has not incurred or assumed indebtedness contingently or otherwise, except: (i) unsecured debt in the ordinary course of business;
(ii) indebtedness arising under the 

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Agreement; and (iii) indebtedness disclosed to the Bank in writing as existing at the time of execution of this Second Extension. 

    6.6 The
assets of the Borrower are not subject to any lien or encumbrance except as permitted hereunder and as disclosed to the Bank in writing as existing at the time
of execution of this Second Extension. 

    6.7 The
Borrower has filed all Federal, state and local tax returns and other reports that are required by law to be filed prior to the date hereof and has paid or has
caused to be paid all taxes, assessments and other governmental charges that are due and payable prior to the date hereof and has made adequate provision for the payment of such taxes, assessments or
other charges accruing but not yet payable. 

    6.8 All
employee (union and non-union) compensation, health, welfare, deferred compensation or other benefits which have accrued or became payable prior to
the date of this Second Extension have been paid in full and will, during the term of this Second Extension, be fully paid as and when such obligations become due. 

    7.  RELEASE.  In consideration of the accommodations by the Bank hereunder,
the Borrower and the Guarantors do hereby, on behalf of themselves, their agents, insurers, heirs, successors and assigns, release, acquit and forever discharge the Bank and Wells Fargo &
Company, (and any and all of their parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns, together with all of their present and former
directors, officers, agents and employees) from any and all claims, demands or causes of action of any kind, nature or description whether arising in law or equity or upon contract or tort or under
any state or federal law or otherwise, which the Borrower or the Guarantors have had, now have or have made claim to have against any such party for or by reason of any act, omission, matter, cause or
thing whatsoever from the beginning of time to and including the date of this Second Extension, whether such claims, demands and causes of action are matured or unmatured or known or unknown. 

    8.  EVENTS OF DEFAULT.  The following shall constitute events of default
under this Extension ("Event of Default"): 

    8.1 Failure
to pay interest, principal or other amounts payable on the Revolving Note no later than five days after such payments become due; or 

    8.2 Any
event of default as defined in the Revolving Note, Agreement, Security Agreement, Guaranties, Deeds of Trust, Assignment, or any other documents or agreements
between the Bank and the Borrower or Bank and the Guarantors; or 

    8.3 Breach
or violation of any covenant or agreement of the Borrower or the Guarantors set forth herein; or 

    8.4 Default
by the Borrower relating to any other indebtedness for borrowed money or the effect of which default is to permit the holder of such indebtedness to declare
the same due prior to the date fixed for its payment under the terms thereof; or 

    8.5 Any
representation or warranty made by the Borrower or the Guarantors in this Second Extension or by the Borrower or the Guarantors in any statement, certificate or
instrument contemplated by or made pursuant to or in connection with this Second Extension shall have been untrue or incorrect when made; or 

    8.6 The
Borrower or the Guarantors become insolvent; make an assignment for the benefit of creditors; a custodian, trustee or receiver is appointed for the Borrower or
the Guarantors, or for any of their properties; or bankruptcy, reorganization or liquidation proceedings are instituted 

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by or against the Borrower or the Guarantors and, if instituted against any of them, are consented to by them or remain undismissed for thirty (30) days; 

    8.7 The
occurrence of any litigation or governmental proceeding which is pending or threatened against the Borrower or the Guarantors which could have a material
adverse effect on the Borrower's or the Guarantors' financial condition or business, and which is not remedied within a reasonable period of time, not to exceed 10 days after notice thereof to
the Borrower or the Guarantors; or 

    8.8 An
execution, levy, garnishment summons or attachment order against the Borrower or the Guarantors is served upon Bank. 

    9.  REMEDIES.  Upon the occurrence of any Event of Default or at any time
thereafter, the Bank or the holder of the Revolving Note may declare the Note to be due and payable, and the Note shall immediately become due and payable, and Bank shall be entitled to the immediate
exercise of all its rights and remedies available to it under the Revolving Note, Security Agreement, Guaranties, Deeds of Trust, Assignment, and all other documents and agreements between the
parties. 

    10.  MISCELLANEOUS.  

    10.1   The
provisions of this Second Extension shall be in addition to those of any guaranties, deeds of trust, assignments, pledges, security
agreements, note or other evidence of liability held by the Bank and executed by the Borrower or the Guarantors, all of which shall be construed as complementary to each other. Nothing herein
contained shall prevent the Bank from enforcing any or all other guaranties, deeds of trust, assignments, pledges, security agreements, note or other evidence of liability in accordance with their
respective terms. 

    10.2   The
Bank shall have the right at all times to enforce the provisions of this Second Extension and the collateral documents in strict accordance
with the terms hereof and thereof, notwithstanding any conduct or custom on the part of the Bank in refraining from so doing at any time or times. The failure of the Bank at any time or times to
enforce its rights under such provisions, strictly in
accordance with the same, shall not be construed as having created a custom, conduct or course of dealing in any way or manner contrary to specific provisions of this Second Extension or as having in
any way or manner modified or waived the same. All rights and remedies of the Bank are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any
other right or remedy. 

    10.3   This
Second Extension shall inure to the benefit of, and shall be binding upon, the respective successors and permitted assigns of the parties
hereto. The Borrower and the Guarantors have no right to assign any of its rights or obligations hereunder without the prior written consent of the Bank. This Second Extension, and the documents
referred to herein or executed and delivered pursuant hereto, constitute the entire agreement between the parties, and may be amended only by a writing signed on behalf of each party. There are no
promises, inducements or terms and conditions other than as specifically set forth herein. 

    10.4   If
any provision of this Second Extension shall be held invalid under any applicable laws, such invalidity shall not affect any other provision of
this Second Extension that can be given effect without the invalid provision, and, to this end, the provisions hereof are severable. 

    10.5   No
failure of the Bank, or of the holder of the Revolving Note, in exercising any right, power or privilege hereunder shall affect such right,
power or privilege, nor shall any single or partial exercise thereof preclude any further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Bank
or the holder of the Revolving Note or other evidence of liability under this Second Extension are cumulative and not exclusive of any rights and remedies which it may otherwise have. 

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    10.6   This Second Extension may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together
shall constitute but one and the same instrument. 

    10.7   If
any provision contained in this Second Extension is inconsistent with any provision of any of the documents described herein or any other
document in favor of the Bank, the provision contained in this Second Extension shall supersede such inconsistent provision in the document described herein or any document in favor of the Bank. 

    10.8   The
substantive laws of the State of Nebraska shall govern the construction of this Second Extension and the rights and remedies of the parties
hereto. 

    11.  FEES AND EXPENSES.  Upon execution of this Second Extension, the
Borrower shall pay to the Bank an extension fee of $10,000.00, which shall be deemed fully earned and not applied to the outstanding indebtedness under the Revolving Note. In addition the Borrower
agrees, within 10 days of invoice, to pay to the Bank all expenses including, but not limited to, (i) the reasonable fees and expenses of legal counsel for the Bank, incurred in
connection with the preparation, administration, amendment, modification or enforcement of this Second Extension and the collateral documents and the collection or attempted collection of the
indebtedness; (ii) expenses of obtaining a title insurance policy for the Deed of Trust; and (iii) expenses of future collateral audits conducted by the Bank at the Bank's customary
rates. 

    12.  ADVICE OF COUNSEL.  The Borrower and the Guarantors acknowledge that
they have reviewed this Second Extension in its entirety, having consulted such legal, tax or other advisors as they deem appropriate and understand and agree to each of the provisions of this Second
Extension and further acknowledge that they have entered into this Second Extension voluntarily. 

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    IN WITNESS WHEREOF, the parties hereto have duly executed this Second Extension as of the day and year first above written. 

	BALLANTYNE OF OMAHA, INC.	 	WELLS FARGO BANK NEBRASKA,

NATIONAL ASSOCIATION
	

By:	
 	

/s/ John Wilmers
	
 	

By:	
 	

/s/ Jerry Lundgren

	Its:	 	President
	 	Its:	 	Vice President

	

        And	
 	

 	
 	

 
	

By:	
 	

/s/ Brad French
	
 	

 	
 	

 
	Its:	 	Chief Financial Officer/Secretary
	 	 	 	 
	

DESIGN AND MANUFACTURING, INC.	
 	

STRONG WESTREX, INC
	

By:	
 	

/s/ John Wilmers
	
 	

By:	
 	

/s/ John Wilmers

	Its:	 	Chairman
	 	Its:	 	President

	

XENOTECH STRONG, INC.	
 	

XENOTECH RENTAL CORP.
	

By:	
 	

/s/ John Wilmers
	
 	

By:	
 	

/s/ John Wilmers

	Its:	 	President
	 	Its:	 	President

6Prepared by MERRILL CORPORATION www.edgaradvantage.com

Exhibit 10.5  

    NEITHER THIS OPTION NOR THE UNDERLYING COMMON SHARES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THE CORPORATION WILL NOT TRANSFER THIS
OPTION OR THE UNDERLYING COMMON SHARES UNLESS (i) THERE IS AN EFFECTIVE REGISTRATION COVERING SUCH OPTION OR SUCH SHARES, AS THE CASE MAY BE, UNDER THE SECURITIES ACT OF 1933 AND
APPLICABLE STATES SECURITIES LAWS, (ii) IT FIRST RECEIVES A LETTER FROM AN ATTORNEY, ACCEPTABLE TO THE BOARD OF DIRECTORS OR ITS AGENTS, STATING THAT IN THE OPINION OF THE ATTORNEY THE PROPOSED
TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND UNDER ALL APPLICABLE STATE SECURITIES LAWS, OR (iii) THE TRANSFER IS MADE PURSUANT TO RULE 144 UNDER THE
SECURITIES ACT OF 1933. 

    Void
after 11:59 P.M., Omaha, Nebraska USA Time on August 29, 2005. 

OPTION TO PURCHASE COMMON SHARES

OF

BALLANTYNE OF OMAHA, INC. 

    THIS
IS TO CERTIFY THAT, in consideraton of certain services to be provided to BALLANTYNE OF OMAHA, INC., a Delaware Corporation ("Corporation") by LEE J. SEIDLER ("Optionee"),
Optionee or permitted transferees are together entitled to purchase, subject to the provisions of this Option from the Corporation, at a price of $1.04 (US) per Share, up to Fifty Thousand
(50,000) common shares of the Corporation ("Shares") at any time during the period commencing 12:01 A.M. on August 30, 2000 and terminating on 11:59 P.M on August 29, 2005. 

    The
Shares deliverable upon the exercise of this Option are hereinafter sometimes referred to as the "Underlying Shares" or the "Option Shares" and the exercise price per share of
this Option to purchase is hereinafter sometimes referred to as the "Exercise Price." 

    Section 1.  Exercise
of Option.  Subject to the provisions hereof, this Option may be
exercised, in whole or in part, by presentation and surrender hereof to the Corporation at its principal office, with the purchase form annexed hereto duly executed, and accompanied by payment of the
Exercise Price for the number of shares specified in such form. Upon receipt by the Corporation of this Option at its principal office, in proper form for exercise, the Optionee shall be deemed to be
the holder of record of the Option Shares issuable upon such exercise, notwithstanding that the shares transfer books of the
Corporation shall then be closed or that certificates representing such Option Shares shall not then be actually delivered to the Optionee. 

    Section 2.  Reservation
and Status of Shares.  The Corporation hereby agrees that at all
times there shall be reserved for issuance and delivery upon exercise of this Option such number of its common shares as shall be required for issuance and delivery upon exercise of this Option, and
that such shares, when issued in accordance with the terms of this Option, shall be validly issued, fully paid, and non-assessable. 

    Section 3.  Fractional
Shares.  Fractional Shares or script representing fractional
Shares may be issued upon the exercise of this Option. 

    Section 4.  No
Assignment, Transfer upon Death, Exchange, or Loss of Option. 

    4.1. This
Option shall not be assignable except that it may transferred, upon the death of the Optionee, to the beneficiaries of the Optionee by testamentary instrument
or to the heirs of the Optionee by operation of law. 

    4.2 This
Option is exchangeable, without expense, at the option of the Optionee, upon presentation and surrender hereof to the Corporation at its principal office, for
other Options of 

 

different denominations entitling the Optionee to purchase, in the aggregate, the same number of Shares purchasable hereunder. 

    4.3 Upon
receipt by the Corporation of evidence satisfactory to it of the loss, theft, destruction, or mutilation of this Option, and (in the case of loss, theft, or
destruction) of reasonably satisfactory indemnification, and (in the case of mutilation) upon surrender and cancellation of this Option, the Corporation will execute and deliver a new Option, in lieu
of the original. 

    Section 5.  Rights
of the Optionee.  Except as provided in the last sentence of
Section 1, the Optionee shall not, by virtue hereof, be entitled to any rights of a shareholder in the Corporation, either at law or equity. The rights of the Optionee are limited to those
expressed in this Option and are not enforceable against the Corporation except to the extent set forth herein. 

    Section 6.  Anti-Dilution
Provisions.  The number and kind of securities
purchasable upon the exercise of this Option and the Exercise Price shall be subject to adjustment from time to time as follows: 

    6.1 In
case the Corporation shall (i) pay a dividend or make a distribution on the outstanding Common Shares payable in Common Shares, (ii) subdivide the
outstanding Common Shares into a greater number of shares, (iii) combine the outstanding Common Shares into a lesser number of shares, or (iv) issue by reclassification of the Common
Shares any Common Shares of the Corporation, the Optionee of this Option shall thereafter be entitled, upon exercise, to receive the number and kind of shares which, if this Option had been exercised
immediately prior to the happening of such event, the Optionee would have owned upon such exercise and been entitled to receive upon such dividend, distribution, subdivision, combination, or
reclassification. Such adjustment shall become effective on the day next following (x) the record date of such dividend or distribution or (y) the day upon which such subdivision,
combination, or reclassification shall become effective. 

    6.2 In
case the Corporation shall consolidate or merge into or with another corporation, or in case the Corporation shall sell or convey to any other person or persons
all or substantially all the property of the Corporation, the Optionee of this Option shall thereafter be entitled, upon exercise, to receive the kind and amount of shares, other securities, cash, and
property receivable upon such consolidation, merger, sale, or conveyance by a holder of the number of Common Shares which might have been purchased upon exercise of this Option immediately prior to
such consolidation, merger, sale, or conveyance, and shall have no other conversion rights. In any such event, effective provision shall be made, in the certificate or articles of incorporation of the
resulting or surviving corporation, in any contracts of sale and conveyance, or otherwise so that, so far as appropriate and as nearly as reasonably may be, the provisions set forth herein for the
protection of the rights of the Optionee of this Option shall thereafter be made applicable. 

    6.3 Whenever
the number of shares purchasable upon exercise of this Option is adjusted pursuant to this Section 6, the Exercise Price per share shall be adjusted
simultaneously by multiplying that Exercise Price per share in effect immediately prior to such adjustment by a fraction, of which the numerator shall be the number of shares purchasable upon exercise
of this Option immediately prior to such adjustment, and of which the denominator shall be the number of shares so purchasable immediately after such adjustment, so that the aggregate exercise price
of this Option remains the same. 

    6.4 In
the event that at any time, as a result of an adjustment made pursuant to this Section 6, the Optionee shall become entitled to receive upon exercise of
this Option cash, property, or securities other than Shares, then references to Shares in this Section 6 shall be 

2

 

deemed to apply, so far as appropriate and as nearly as may be, to such cash, property, or other securities. 

    6.5 Irrespective
of any adjustments in the Exercise Price or in the number or kind of Shares purchasable upon exercise of this Option, the form of Options theretofore
or thereafter issued may continue to express the same price and number and kind of shares as are stated in this Option. 

    Section 7.  Officer's
Certificate.  Whenever the number or kind of securities
purchasable upon exercise of this Option or the Exercise Price shall be adjusted as required by the provisions of Section 6, the Corporation shall forthwith file with its Secretary or Assistant
Secretary at its principal office an officer's certificate showing the adjusted number or kind of securities purchasable upon exercise of this Option and the adjusted Exercise Price determined as
herein provided and setting forth in reasonable detail such facts as shall be necessary to show the reason for and the manner of computing such adjustments. Each such officer's certificate shall be
made available at all reasonable times for inspection by the Optionee and the Corporation shall, forthwith after each such adjustment, mail by certified mail a copy of such certificate to
the Optionee. 

    Section 8.  Notice.  Any
notice or other communication required or permitted to be given
hereunder shall be in writing and shall be mailed by certified mail, return receipt requested, or delivered against receipt, if to the Optionee, to: 

Lee
J. Seidler

5001 Joewood Drive

Sanibel, Florida 33957 

and
if to the Corporation, at its principal office: 

Ballantyne
of Omaha, Inc.

4350 McKinley Street

Omaha, Nebraska 68112 

or
such other addresses as a party shall so notify the other party in writing. Any notice or other communication given by certified mail shall be deemed given at the time of certification thereof,
except for a notice changing a party's address which shall be deemed given at the time of receipt thereof. 

    Section 9.  Binding
Effect.  The provisions of this Option shall be binding upon and
inure to the benefit of (A) the parties hereto, (B) the successors and assigns of the Corporation, and (C) the heirs and personal representative of the Optionee. 

    Section 10.  Law
Governing.  This Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, United States of America. 

    Section 11.  Titles
and Captions.  All section titles or captions contained in this
Agreement are for convenience only and shall not be deemed part of the context nor effect the interpretation of this Agreement. 

    Section 12.  Presumption.  This
Agreement or any section thereof shall not be construed
against any party due to the fact that said Agreement or any section thereof was drafted by said party. 

    Section 13.  Further
Action.  The parties hereto shall execute and deliver all
documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of the Agreement. 

    Section 14.  Parties
in Interest.  Nothing herein shall be construed to be to the
benefit of any third party, nor is it intended that any provision shall be for the benefit of any third party. 

Dated:
August 30, 2000 

3

 

BALLANTYNE OF OMAHA, INC.

a Delaware corporation 

	By:	 	/s/ JOHN WILMERS   
	 	 	 	 	 	 
	Its:	 	[Officers Name and Title]
	 	 	 	 	 	 

4

 
EXHIBIT "A"

BALLANTYNE OF OMAHA, INC.

NOTICE OF EXERCISE OF STOCK OPTION  

TO:
Corporate Secretary 

    I
hereby exercise my Stock Option granted by Ballantyne of Omaha, Inc. (the "Corporation") on August 30, 2000, subject to all the terms and provisions thereof, and
notify you of my desire to purchase            shares of Common Stock of the Corporation which were offered to me pursuant to said Option. Enclosed is my check in the sum of
$            in *full/partial payment for such shares. Also enclosed, if applicable, are certificates and related transfer documents, duly endorsed for transfer, for shares of Common Stock
of
the Corporation which I am tendering in payment of the balance of the purchase price. 

    Dated
this      day of            ,      . 

	

 	
 	

Name      
Signature         

*
Circle applicable provision. 

5

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