SEC Contract Filing

Filing Date: 2016-08-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>gnet-ex102_322.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><font style="text-decoration:none;">e</font><font style="text-decoration:none;text-transform:none;">xhibit </font><font style="text-decoration:none;">10.2</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><font style="text-decoration:underline;">REVOLVING LOAN NOTE</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$25,000,000.00</p></td>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Bethesda, Maryland</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">July 29, 2016</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="DocXGoBackHere"></a>FOR VALUE RECEIVED,<font style="font-weight:normal;"> each of<a name="DocXGoBackHere"></a> </font><font style="text-transform:uppercase;">GOODMAN NETWORKS INCORPORATED</font><font style="font-weight:normal;">, a Texas corporation, </font><font style="text-transform:uppercase;">Multiband Field Services, Incorporated</font><font style="font-weight:normal;">, a Delaware corporation, and </font><font style="text-transform:uppercase;">GOODMAN NETWORKS SERVICES, LLC</font><font style="font-weight:normal;">, a Delaware limited liability company, (individually, each a &#8220;</font>Borrower<font style="font-weight:normal;">&#8221; and collectively, the &#8220;</font>Borrowers<font style="font-weight:normal;">&#8221;), hereby jointly and severally unconditionally promises to pay to the order of </font>MIDCAP FINANCIAL TRUST<font style="font-weight:normal;">, a Delaware statutory trust (together with its successors and assigns, &#8220;</font>Lender<font style="font-weight:normal;">&#8221;) at the office of Agent (as defined herein) at c/o MidCap Financial Services, LLC, as servicer, 7255 Woodmont Avenue, Suite 200, Bethesda, Maryland&#160;20814, or at such other place as Agent may from time to time designate in writing, in lawful money of the United States of America and in immediately available funds, in the principal sum TWENTY FIVE MILLION and No/100 Dollars ($25,000,000.00), or, if less, the aggregate unpaid principal amount of all Revolving Loans made or deemed made by Lender to Borrowers under the terms of that certain Credit and Security Agreement dated as of July 29, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the &#8220;</font>Credit Agreement<font style="font-weight:normal;">&#8221;), by and among Borrowers, such other borrowers that may become &#8220;Borrowers&#8221; under the Credit Agreement, various financial institutions as are, or may from time to time become, parties thereto as lenders (including without limitation, Lender) and MidCap Financial Trust, individually as Lender, and as administrative agent (in such capacity and together with its successors and assigns, &#8220;</font>Agent<font style="font-weight:normal;">&#8221;).&nbsp;&nbsp;All capitalized terms used herein (which are not otherwise specifically defined herein) shall be used in this Revolving Loan Note (this &#8220;</font>Note<font style="font-weight:normal;">&#8221;) as defined in the Credit Agreement.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:72pt;"></font>The outstanding principal balance of the Revolving Loans evidenced by this Note shall be payable in full on the Termination Date, or on such earlier date as provided for in the Credit Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:72pt;"></font>This Note is issued in accordance with the provisions of the Credit Agreement and is entitled to the benefits and security of the Credit Agreement and the other Financing Documents, and reference is hereby made to the Credit Agreement for a statement of the terms and conditions under which the Revolving Loans evidenced hereby were made and are required t