Subordinated Note

Subordinated Note. Shall mean that certain 6% Subordinated Secured Note dated the date hereof, in the principal amount of $7, 400,000, issued by Parent to Subordinated Lender pursuant to the Subordinated Note Agreement, amended, restated, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement, together with any and all promissory notes at any time issued in substitution, exchange or replacement thereof.

Subordinated Note. That certain Amended and Restated Subordinated Convertible Non-Redeemable Secured Note, dated as of the date hereof, in the maximum principal amount of Seven Million Four Hundred Thousand and 00/100 Dollars ($7,400,000.00), issued by Borrower to the order of Junior Lender

Subordinated Note. The meaning specified therefor in the Recitals hereto.

Subordinated Note. That certain Subordinated Note of even date herewith given by the Borrower to the Subordinated Lender in the principal amount of $2,000,000