THIS AGREEMENT is made as of the l7th day of April, 2001, by and between REGENERATION
TECHNOLOGIES, INC. (the "Borrower"), a Delaware corporation, and BANK OF AMERICA, N.A. (the
The Borrower wishes to obtain credit from the Bank on the terms and conditions set forth herein.
NOW, THEREFORE, for good and valuable consideration, the parties agree as follows:
BORROWING AND PAYMENT
1.01 Revolving Line of Credit.
(a) The Bank hereby establishes in favor of the Borrower a revolving line of credit (the "Line of Credit"). The
Borrower shall be entitled to borrow, repay and reborrow funds from the Bank in accordance with the terms
hereof so long as the total principal amount owed to the Bank under the revolving line of credit does not exceed
$10,000,000 (or such lesser amount as is set forth herein) during the Revolving Period (as defined herein). The
Bank's obligation to make advances hereunder shall terminate at the expiration of the Revolving Period or such
earlier date as is set forth herein.
(b) The Borrower's indebtedness under the Line of Credit shall be evidenced by a Renewal Promissory Note (as
amended, extended or renewed from time to time, the "Note") of even date herewith executed by the Borrower
in favor of the Bank in the principal amount of $10,000,000.00. The Note shall bear interest at the rate set forth
therein and shall be payable as set forth therein.
(c) The Bank shall make each advance under the Line of Credit upon written or telephonic notice from the
Borrower to the Bank requesting an advance. The notice shall specify the date for which the advance is
requested (which must be a Business Day) and the amount of the advance. The Bank must receive the notice
prior to 12:00 noon (Eastern time) on the Business Day of the advance. Alternatively, the Borrower may request
advances by drawing checks on a deposit account that is linked to the credit facility hereunder in accordance with
disbursement arrangements tha