EX-10.1
from 10-Q
7 pages
Note Sba Loan # 6828888309 Sba Loan Name Technical Communications Corporation Date January 28, 2021 Loan Amount 474,404.60 Interest Rate 1.00% Borrower Technical Communications Corporation Operating Company N/a Lender Hometown Bank 1. Promise to Pay: In Return for the Loan, Borrower Promises to Pay to the Order of Lender the Amount of Four Hundred Seventy Four Thousand Four Hundred Four and 60/100 ($ 474,404.60) Dollars, Interest on the Unpaid Principal Balance, and All Other Amounts Required by This Note. 2. Definitions
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EX-10.1
from 10-Q
8 pages
Sba Loan# 91780070 - 03 Sba Loan Name Section 7(a)(36) of the Small Business Act, as Amended, for Sba to Guarantee 100% of a Paycheck Protection Program (Ppp) Date Loan Amount $474,400.00 Interest Rate 1.00% Borrower Technical Communications Corporation D Operating Company Nia Lender Hometown Bank Page 1 /4 U.S. Small Business Administration Note 1. Promjse to Pay: D O L L Ar S , in Return for the Loan , Borrower Promises to Pay to the Order of Lender the Amount of Four Hundred Seventy Four Thousand Four Hundred Interest on the Unpaid Principal Balance, and All Other Amounts Required by This Note . 2 . Definitions : "Collateral" Means Any Property Taken as Security for Payment of This Note or Any Guarantee of This Note. "Deferral Period" Means the Period Beginning on the Date of This Note and Ending on Six Months From the Date of Note. "Gua Rantor " Means Each Person or Entity That Signs a Guarantee of Payment of This Note. " Loan" Means the Loan Evidenced by This Note. " Loan Documents" Means the Documents Related to This Loan Signed by Borrower, Any Guarantor, or Anyone Who Pledges Collateral. "Program Rules" Means All Statutes Applicable to the Paycheck Protection Program of the Small Business Act ( 15 U . S . C . † 636 ), as Amended by the Coronavirus Aid, Relief, and Economic Security Act (Cares Act) (P . L . 116 - 136 ), and All Regulations, Rules and Guidance Applicable to the Paycheck Protection Program at Any Time Issued by the United States Department of the Treasury or the Sba . "Sba" Means the Small Business Administration, an Agency of the United States of America
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