EXHIBIT A-3 PROMISSORY NOTE (ACQUISITION LOAN) $10,000,000.00 June 3, 1998 FOR VALUE RECEIVED, the undersigned, ANALYTICAL SURVEYS, INC., a Colorado corporation (referred to herein as the "MAKER"), hereby promises to pay to the order of BANK ONE, COLORADO, N.A. (the "LENDER"), at the offices of Bank One, Colorado, N.A., the Agent, on or before the Acquisition Loans Scheduled Maturity Date, TEN MILLION DOLLARS AND 00/100 CENTS ($10,000,000.00) or if less, the aggregate unpaid principal amount loaned as Acquisition Loans to the Maker by the Lender pursuant to, or otherwise outstanding under, that certain Credit Agreement, dated as of June 3, 1998 among the Maker, Bank One, Colorado N.A. as the Agent, and certain Banks (the "CREDIT AGREEMENT"). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement. The Maker further agrees to pay and deliver to the Agent, when and as provided in the Credit Agreement, interest on the outstanding principal amount hereof at the rate and at the times specified in the Credit Agreement. This Note is the Acquisition Loans Note made by the Maker pursuant to, and is subject to, all of the terms and conditions of the Credit Agreement. Maker may repay and reborrow amounts evidenced hereby as Acquisition Loans under the Credit Agreement. Reference is made to the Credit Agreement and the documents delivered in connection therewith for a statement of the prepayment rights and obligations of the Maker, and for a statement of the terms and conditions under which the due date of this Note may be accelerated. This Note evidences the obligation of the Maker to repay all sums Advanced pursuant to the Credit Agreement by the Lender and any holder hereof to the Maker as Acquisition Loans. The Lender and any holder hereof shall, and are hereby authorized to, record on the Acquisition Note Record attached hereto, or to otherwise record in accordance with its usual practice, the date, principal amount, applicable interest rate or margin and Interest Period of each Acquisition Loan and the date and amount of each principal payment hereunder; PROVIDED, HOWEVER, that neither the failure to so record nor any error in this recordation shall affect the Maker's obligations under this Revolving Note. In addition to, and not in limitation of, the foregoing and the provisions of the Credit Agreement, the Maker further agrees, subject only to any limitation imposed by applicable law, to pay all expenses, including reasonable attorneys' fees and legal expenses, incurred by the Lender or any holder hereof in endeavoring to collect any amounts due and payable hereunder which are not paid and delivered or otherwise satisfied when due, whether by acceleration or otherwise. This includes the Lender's or holder's reasonable attorneys' fees and legal expenses whether or not there is a lawsuit, including attorneys' fees and legal expenses for bankruptcy proceedings, appeals, post-judgment collection services and court costs. The Maker, for itself and for all endorsers hereof, hereby waives notice, demand, presentment for payment, protest and notice of dishonor. This Note and the rights of the Maker and the Lender are governed by the laws of the State of Colorado. IN WITNESS WHEREOF, the Maker has executed and delivered this Note on the date first above written. ANALYTICAL SURVEYS, INC. By: ------------------------------------ Scott C. Benger Senior Vice President, Treasurer and Secretary ACQUISITION LOANS NOTE RECORD LOANS AND PAYMENTS OF PRINCIPAL TO ACQUISITION LOANS NOTE OF ANALYTICAL SURVEYS, INC. DATED JUNE [ ], 1998 Principal Amount of Interest Rate Principal Unpaid Date Loan (or Margin) Amount Paid Balance - ---- --------- ------------- ----------- -------