SEC Contract Filing

Filing Date: 2019-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>intricon191084_ex10-2.htm
<DESCRIPTION>AMENDED AND RESTATED REVOLVING NOTE FROM THE COMPANY, INTRICON, INC. AND HEARING HELP EXPRESS, INC. TO CIBC BANK USA (FORMERLY KNOWN AS THE PRIVATEBANK AND TRUST COMPANY), DATED APRIL 17, 2019.
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AMENDED AND RESTATED REVOLVING NOTE</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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 <TD STYLE="width: 50%">$7,000,000</TD>
 <TD STYLE="width: 50%; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0">Minneapolis, Minnesota<BR>
April 17, 2019</P></TD></TR>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">FOR VALUE RECEIVED,
the undersigned, INTRICON CORPORATION, a Pennsylvania corporation, INTRICON, INC., a Minnesota corporation, and HEARING HELP EXPRESS,
INC., an Illinois corporation (each, a &ldquo;<U>Borrower</U>"; collectively, the &ldquo;<U>Borrowers</U>"), hereby
JOINTLY AND SEVERALLY promise to pay to the order of CIBC BANK USA (formerly known as The PrivateBank and Trust Company) (the &ldquo;<U>Bank</U>"),
the principal sum of SEVEN MILLION AND NO/100 DOLLARS ($7,000,000), or if less, the then aggregate unpaid principal amount of the
Revolving Loans as may be borrowed by the Borrowers (or any of them) under the Loan Agreement (as hereinafter defined). The actual
amount due and owing from time to time hereunder shall be evidenced by Bank&rsquo;s records of receipts and disbursements with
respect to the Revolving Loans, which shall, absent manifest error, be conclusive evidence of such amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each Borrower further
promises to pay interest on the aggregate unpaid principal amount hereof at the rates provided in the Loan Agreement from the date
hereof until payment in full hereof. Accrued interest shall be payable on the dates specified in the Loan Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All payments of principal
and interest under this Amended and Restated Revolving Note (the &ldquo;<U>Note</U>") shall be made in lawful money of the
United States of America in immediately available funds at the Bank&rsquo;s office at 50 South 6th Street, Suite 1415, Minneapolis,
MN 55402, or at such other place as may be designated by the Bank to the Borrowers in writing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is the Revolving
Note referred to in, and evidences indebtedness incurred under, a Loan and Security Agreement dated as of August 13, 2009 (as previously
amended, as further amended on or about the date hereof and as the same may be hereafter further amended, modified or supplemented
from time to time, the &ldquo;<U>Loan Agreement</U>"), among the Borrowers and the Bank, to which Loan Agreement reference
is made for a statement of the terms and provisions thereof, including those under which the Borrowers are permitted and required
to make prepayments and repayments of principal of such indebtedness and under which such indebtedness may be declared to be immediately
due and payable. Capitalized terms used here and not otherwise defined herein have the meanings ascribed to them in the Loan Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All parties hereto,
whether as makers, endorsers or otherwise, severally waive presentment, demand, protest and notice of dishonor in connection with
this Note.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is made under
and governed by the internal laws of the State of Minnesota.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note amends, restates
and replaces, but does not evidence repayment of or constitute a novation with respect to, that certain Amended and Restated Revolving
Note, dated July 23, 2018, made payable jointly and severally by the Borrowers to the order of the Bank in the original principal
amount of $11,000,000.00.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">[REMAINDER OF PAG