EX-10.1
from 8-K
1 page
Commercial Banking 1700 Lincoln Street 8th Floor Denver, Co 80203 January 22, 2024 We Have Learned of the Following Breach of the Terms of Your Credit Agreement With Wells Fargo Bank, National Association ("Bank") Dated as of October 13, 2021, as Amended From Time to Time (The "Agreement"): 1. Section 4.9 (B) Current Ratio Not Less Than 1.5 to 1.0 at Any Time, With "Current Ratio" Defined as Total Current Assets Divided by Total Current Liabilities
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EX-10.2
from 8-K
2 pages
Total Amount of Loan: $1,429,500.00 Interest Rate: Fixed Rate: 1.00% Per Annum. Payment Schedule: Specific Repayment Schedule No Principal or Interest Payments Shall Be Due for the First Six (6) Months of This Note. Commencing on the Seventh (7th) Month Anniversary of the Date Customer Executes This Note (“Note Date”) and Continuing on the Same Day of Each Month Thereafter, Customer Shall Make a Monthly Principal Payment on the Outstanding Principal Balance (After Application of Any Loan Forgiveness) in an Amount That Shall Fully Amortize the Outstanding Principal Balance of the Loan by the Loan Due Date. Accrued Interest Shall Be Due and Payable With Each Monthly Principal Payment. Bank Will Apply Each Installment Payment First to Pay Interest Accrued to the Day Bank Received the Payment, Then to Bring Principal Current, and Apply Any Remaining Balance to Reduce Principal. the Note Is Payable in Full on the Loan Due Date Without Further Demand or Action of the Bank. First Payment Due Date: November 13, 2020 (Bank to Complete) Loan Due Date: Two (2) Years From the Date of Initial Disbursement (Specified Below) Sba Approval Date: 04/10/2020 Sba Loan Number: 19705971-00
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EX-10.1
from 8-K
4 pages
1) 1st Source Bank (“Bank”) Has Agreed to Lend Money to the Individual or Entity Identified Above as the “Customer”, and May Agree to Lend Additional Money to Customer From Time-To-Time. the Principal Amount, the Interest Rate, Payment Amount, Payment Due Dates, the Maturity Date and Other Particulars for Each Loan Shall Be Set Forth in a Promissory Note, Addendum, Schedule or Other Separate Document Containing Such Terms (Each a “Note”). Customer Will Make Payments When Due and Payable Without Offset, Defense or Counterclaim. All Payments Will Be Given Tentative Credit When Received by Bank in Indiana and Posted to Customer’s Account in Accordance With Standard Bank Practices, Subject to Final Collection. All Final Payments Shall Be Made in Immediately Available Collected Funds Unless Bank Agrees Otherwise. All Payments Shall Be Applied First to Interest, Then to Principal Unless Otherwise Provided in This Agreement. Interest Shall Accrue Based on a 360- Day Year and the Days Actually Elapsed. 2) Customer Represents and Warrants That: (A) Customer Is a Corporation Organized and in Good Standing Under the Laws of Colorado, and in Good Standing in All Jurisdictions Where Qualification Is Necessary; (B) if Applicable, the Execution and Delivery Hereof, and All Other Agreements or Writings by and Between Customer and Bank Have Been Duly Authorized by Appropriate Action of Customer’s Governing Body; (C) None of the Terms of This Agreement or Any Other Agreements Between Customer and Bank Are in Violation of Any Agreements Customer May Have With Any Third Party; (D) All Financial Statements, Credit Applications, and Other Information Customer Has Provided to Bank Are Truthful and Accurate, and All Financial Statements and Other Information Customer Delivers or Provides to Bank in the Future Also Will Be Truthful and Accurate; And
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