SEC Contract Filing

Filing Date: 2015-07-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v415678_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit
10.2</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">ACCOUNTS
RECEIVABLE Line of Credit NOTE</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>July
6, 2015</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>$10,000,000.00</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">For
value received, the undersigned <B>H.D.D. LLC, a California limited liability company</B> (the &quot;Borrower&quot;), promises
to pay to the order of Bank of the West (together with its successors and assigns, the &quot;Lender&quot;), the principal amount
of up to <B>Ten Million Dollars and Zero Cents</B> (<B>$10,000,000.00</B>) on or before <B>July 31, 2016</B> (the &quot;Expiration
Date&quot;), as set forth below. The aggregate principal balance outstanding shall bear interest, and interest shall be payable,
in accordance with that certain Interest Rate Election Rider, attached hereto and made a part hereof (the &quot;Interest Rate
Election Rider&quot;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
terms and conditions as set forth herein, the Borrower may request advances (each an &ldquo;Advance&rdquo;) from time to time
from the date hereof to the Expiration Date of this Note (the &ldquo;Accounts Receivable Line of Credit&rdquo;), provided that
no Advance shall be made if at the time of or following such Advance, the aggregate amount of all Advances outstanding hereunder
exceeds the Borrowing Base (as defined in the Loan Agreement). Within the foregoing limits, the Borrower may borrow, partially
or wholly prepay, and reborrow as described herein. Each Advance shall be conclusively deemed to have been made at the request
of and for the benefit of the Borrower (i) when credited to any deposit account of the Borrower maintained with the Lender or
(ii) when paid in accordance with the Borrower's written instructions. Subject to the requirements herein, and provided such request
is made in a timely manner as provided below, Advances shall be made by the Lender under the Accounts Receivable Line of Credit.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
Note is entered into in connection with one or more certain Loan and Security Agreements or Loan Agreements, dated of even date
herewith (each a &quot;Loan Agreement&quot; and collectively, the &quot;Loan Agreements&quot;) between the Borrower and the Lender,
and any capitalized terms not defined herein shall have the meanings given to them in the Loan Agreements.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
at any time the aggregate principal amount of the outstanding Advances shall exceed the applicable Borrowing Base (as defined
in the Loan Agreement), the Borrower hereby promises and agrees, immediately upon written or telephonic notice from the Lender,
to pay to the Lender an amount equal to the difference between the outstanding principal balance of the Advances and the Borrowing
Base. On the Expiration Date, the Borrower hereby promises and agrees to pay to the Lender in full the aggregate unpaid principal
amount outstanding, together with all accrued and unpaid interest and all other fees and charges owing to the Lender under this
Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FON