INTEGRAL VISION INC. SECOND AMENDED AND RESTATED TERM NOTE (1999-03-31)
This Note is secured by, among other things, the following: (a) all of Medar, Inc.'s present and future accounts, chattel paper, general intangibles, inventory, equipment, fixtures, documents, and instruments, and all products and proceeds of the foregoing as more fully described in the General Security Agreement, dated March 29, 1996 ("General Security Agreement"), the Collateral Assignment of Proprietary Rights and Security Agreement, dated July 15, 1997 ("Assignment of Rights"), and the collateral granted to Lender under an Amended and Restated Revolving Credit and Loan Agreement dated July 31, 1998 ("Restated Loan Agreement"), all as amended by the Amendment and Forbearance Agreement of approximate even date herewith (the "Forbearance Agreement"), (b) the Amended and Restated Mortgage and Security Agreement dated June 29, 1993 on the premises located at 38700 Grand River, Farmington Hills, Michigan, as recorded in Liber 13885, Page 040, of the Oakland County Records (as may be amended and as may be further amended, including, but not limited to, by the First Amendment to Mortgage of approximate even date herewith and with all supplements thereto), (c) a Future Advance Mortgage dated October 31, 1995 on the premises located at 24755 Crestview Court, Farmington Hills, Michigan, as recorded in Liber 15799, Page 151 of the Oakland County Records (as may be amended or as may be further amended, including, but not limited to, by the First Amendment to Mortgage dated the approximate even date herewith, and with all supplements thereto); and (d) any other collateral security heretofore or hereafter granted to Lender by the undersigned. The failure to make any payment when due under this Note or the occurrence of any default, Default, Event of Default, or Event of Acceleration under the Forbearance Agreement or any document or instrument executed in connection herewith shall be deemed a default under this Note, and in any such events, the holder of this Note shall be entitled to accelerate the maturity of the debt evidenced by this Note and have all rights and remedies afforded by law or available under the Forbearance Agreement.