EX-10.1
from 8-K
4 pages
Secured Loan Agreement Mortgage Investment Trust of Utah 3688 Hampton View Ct Salt Lake City, Utah 84109 Borrower Information Borrower Name Renewable Innovations, Inc. Tax Id # 588 West 400 South Suite 200 Lindon, Utah Date: October 2, 2023 Loan Will Range From $195,000 to $500,000 Collateral Location (If Different From Above) 1551 South 400 East, American Fork, Utah 84003 Loan May Increse Over Time to the Maximum Amount Described ABOVE.SEPARATE Calculations Will Be Made for Each Loan Advance. Note:this Obligation Will Be Transferred to Renewable Services, LLC When That Entity Is Formed and Registered With the Utah Secretary of State. Equipment Description Quantity Make/Model Serial Number See Exhibit “A” Attached Hereto and Made a Part Hereof. Maturity: January 2, 2024 Commencement Date October 2, 2023 Payment Single Payment at Maturity This Agreement Will Be Governed, Construed and Enforced in Accordance With the Laws of the State of Utah and You Consent to the Exclusive Jurisdiction of Any State or Federal Court Located Within Utah, You and We Expressly Waive Any Rights to a Trial by Jury. *The Parties Intend and Agree That a Facsimile or Photocopy of This Document With Their Signatures Thereon Shall Be Treated as an Original, and Shall Be Deemed to Be as Binding, Valid, Genuine and Authentic as an Original Signature Document for All Purposes, Including All Matters Evidence. Mortgage Investment Trust of Utah Renewable Innovations, Inc. (Lender) (Borrower) X /S/ W. Bruce Woodruff X /S/ Robert L. Mount Authorized Signature Authorized Signature Mortgage Investment Trust of Utah Robert L. Mount W. Bruce Woodruff President and CEO October 2, 2023 Trustee October 2, 2023
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