EX-10.2
from 8-K
3 pages
For Value Received, the Undersigned, Thermoenergy Corporation, a Delaware Corporation (“Thermoenergy”), Thermoenergy Power Systems, LLC, a Delaware Limited Liability Company (“Thermoenergy Power Systems”) and Castion Corporation, a Massachusetts Corporation (“Castion”, and Together With Thermoenergy and Thermoenergy Power Systems, the “Borrowers”), Hereby Unconditionally Promise to Pay to the Order of C13 Thermo LLC, a Delaware Limited Liability Company (The “Lender”), in Lawful Money of the United States of America and in Immediately Available Funds on the Maturity Date, or Such Earlier Date as May Be Provided in That Certain Loan Agreement, Dated of Even Date Herewith (As the Same May Be Amended, Modified, Supplemented, Extended or Restated From Time to Time, the “Loan Agreement”), by and Among the Borrowers and the Lender, the Lesser of Either: (A) the Principal Amount of Seven Hundred Thousand and 00/100 Dollars ($700,000.00), or (B) the Aggregate Unpaid Principal Amount of All Loans Advanced by the Lender to the Borrowers Pursuant to the Terms of the Loan Agreement. Subject to the Provisions of Section 2.5(a) of the Loan Agreement, the Principal Amount of the Note Shall Not Accrue Interest
12/34/56