THIRD AMENDMENT TO LOAN AGREEMENT
AND REVOLVING NOTE
This Third Amendment to Loan Agreement and Revolving Note is made and entered into this 20th day of June,
2002, by and between U.S. Bank National Association, a national banking association, with an address of 141
North Main Avenue, Post Office Box 5308, Sioux Falls, South Dakota 57117-5308 ("Lender") and Daktronics,
Inc., a South Dakota corporation, with an address of 331 32nd Avenue, Brookings, South Dakota 57006
A. Lender and Borrower entered into a Loan Agreement dated October 14, 1998, which Loan Agreement was
amended by an Amendment dated November 30, 1999 and an Amendment dated December 8, 2000.
B. In accordance with the Loan Agreement, Lender is the holder of a Revolving Note dated October 14, 1998
signed on behalf of Borrower. Pursuant to the Amendment to Loan Agreement dated November 30, 1999, the
loan amount is $20,000,000.00 (the "Revolving Loan").
C. Lender and Borrower mutually wish to extend the maturity date of the Revolving Loan from October 1, 2003
to October 1, 2004 and modify some of the covenants of Borrower.
NOW, THEREFORE, for good and valuable consideration, the parties agree as follows:
1. The Revolving Loan Maturity Date is extended to October 1, 2004.
2. Section 6.1(e) of the Loan Agreement, requiring quarterly statements from the Borrower as to no Default or
Event of Default, is deleted.
3. Section 6.10 of the Loan Agreement is amended to read as follows:
Merger. The Borrower may merge, consolidate or enter into an analogous reorganization without the prior written
consent of the Lender, provided that the transaction is valued at less than $1,000,000.00 and the Borrower is in
compliance with all covenants and conditions of this Loan Agreement.
4. Section 6.11 of the Loan Agreement is amended to read as follows:
Acquisitions. The Borrower will not acquire during any fiscal year another business, firm or company in excess of
$1,000,000.00, without prior