BUSINESS LOAN AGREEMENT
THIS BUSINESS LOAN AGREEMENT dated February 10, 2006, is made and executed between Super Vision International, Inc.
(“Borrower”) and RBC CENTURA BANK (“Lender”) on the following terms and conditions. Borrower has received prior
commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations,
including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands
and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations,
warranties, and agreements as set forth in this Agreement (B) the granting, renewing, or extending of any Loan by tender at all
times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms
and conditions of this Agreement.
TERM. This Agreement shall be effective as of February 10, 2006, and shall continue in full force and effect until such time as all
of Borrower’s Loans in favor of Lender have been paid in full, including principal, interest, costs, expenses, attorneys’ fees, and
other fees and charges, or until such time as the parties may agree in writing to terminate this Agreement.
CONDITIONS PRECEDENT TO EACH ADVANCE. Lender’s obligation to make the initial Advance and each subsequent
Advance under this Agreement shall be subject to the fulfillment to Lender’s satisfaction of all of the conditions set forth in this
Agreement and in the Related Documents.
Loan Documents. Borrower shall provide to Lender the following documents for the Loan: (1) the Note; (2) Security
Agreements granting to Lender security interests in the Collateral; (3) financing statements and all other documents
perfecting Lender’s Security Interests; (4) evidence of insurance as required below; (5) together with all such Related
Documents as Lender may require for the Loan; all in form and substance satisfactory to Lender and L