Attached files

file filename
10-K - FORM 10K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017 - INTRICON CORPintricon180635_10-k.htm
EX-32.2 - CERTIFICATION PFO PURSUANT TO SECTION 906 - INTRICON CORPintricon180635_ex32-2.htm
EX-32.1 - CERTIFICATION PEO PURSUANT TO SECTION 906 - INTRICON CORPintricon180635_ex32-1.htm
EX-31.2 - CERTIFICATION OF PFO PURSUANT TO SECTION 302 - INTRICON CORPintricon180635_ex31-2.htm
EX-31.1 - CERTIFICATION OF PEO PURSUANT TO SECTION 302 - INTRICON CORPintricon180635_ex31-1.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - INTRICON CORPintricon180635_ex23-1.htm
EX-21.1 - LIST OF SIGNIFICANT SUBSIDIARIES - INTRICON CORPintricon180635_ex21-1.htm
EX-10.24 - FORM OF RESTRICTED STOCK UNIT AGREEMENT - INTRICON CORPintricon180635_ex10-24.htm
EX-10.23 - FORM OF RESTRICTED STOCK UNIT AGREEMENT - INTRICON CORPintricon180635_ex10-23.htm
EX-10.22 - FORM OF PERFORMANCE STOCK OPTION AGREEMENT - INTRICON CORPintricon180635_ex10-22.htm
EX-10.15.1 - CAPITAL EXPENDITURE NOTE FROM THE COMPANY - INTRICON CORPintricon180635_ex1015-1.htm
EX-10.12.12 - ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT - INTRICON CORPintricon180635_ex1012-12.htm

 

Exhibit 10.14.5

 

AMENDED AND RESTATED TERM NOTE

 

$6,500,000Minneapolis, Minnesota

 December 15, 2017

 

FOR VALUE RECEIVED, the undersigned, INTRICON CORPORATION, a Pennsylvania corporation, INTRICON, INC., a Minnesota corporation, I-MANAGEMENT, LLC, a Minnesota limited liability company, and HEARING HELP EXPRESS, INC., an Illinois corporation (each, a “Borrower”; collectively, the “Borrowers”), hereby JOINTLY AND SEVERALLY promise to pay to the order of CIBC BANK USA (formerly known as The PrivateBank and Trust Company), the principal sum of SIX MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($6,500,000), payable in periodic installments on the dates and in the amounts set forth in the Loan Agreement (as hereinafter defined), with one final balloon payment on the Term Loan Maturity Date. The actual amount due and owing from time to time hereunder shall be evidenced by Bank’s records of receipts and disbursements with respect to the Term Loan, which shall, absent manifest error, be conclusive evidence of such amount.

 

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.

 

All payments of principal and interest under this Amended and Restated Term Note (the “Note”) shall be made in lawful money of the United States of America in immediately available funds at the Bank’s office at 50 South 6th Street, Suite 1400, Minneapolis, MN 55402, or at such other place as may be designated by the Bank to the Borrowers in writing.

 

This Note is the Term 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 “Loan Agreement”), 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.

 

All parties hereto, whether as makers, endorsers or otherwise, severally waive presentment, demand, protest and notice of dishonor in connection with this Note.

 

This Note is made under and governed by the internal laws of the State of Minnesota.

 

This Note amends, restates and replaces, but does not evidence repayment of or constitute a novation with respect to, that certain Third Amended and Restated Term Note, dated April 15, 2016 made payable jointly and severally by the Borrowers to the order of the Bank in the original principal amount of $6,000,000.00.

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

 

 

 

 

IN WITNESS WHEREOF, the undersigned have caused this Note to be executed as of the date first set forth above.

 

  INTRICON CORPORATION,
  a Pennsylvania corporation
     
  By: /s/ Scott Longval
  Name: Scott Longval
  Title: Chief Financial Officer
     
  INTRICON, INC.,
  a Minnesota corporation
     
  By: /s/ Scott Longval
  Name: Scott Longval
  Title: Chief Financial Officer
     
  I-MANAGEMENT, LLC,
  a Minnesota limited liability company
     
  By: /s/ Scott Longval
  Name:  
  Title:  
     
  HEARING HELP EXPRESS, INC.,
  an Illinois corporation
     
  By: /s/ Scott Longval
  Name:  
  Title:  

  

[Amended and Restated Term Note]