LOAN AGREEMENTLoan Agreement • August 3rd, 2010 • Blue Ridge Real Estate Co • Real estate • Pennsylvania
This Loan Agreement (the "Agreement") is made this 29th day of July, 2010, by and among, Manufacturers and Traders Trust Company (hereinafter the "Bank"), Big Boulder Corporation, Blue Ridge Real Estate Company, BBC Holdings, Inc., BRRE Holdings, Inc., Northeast Land Co., Lake Mountain Company, Jack Frost Mountain Company, Boulder Creek Resort Company, Moseywood Construction Co., individually and doing business as Stoney Run Realty Company and Stoney Run Builders Company, and Jack Frost National Golf Course, Inc. jointly, severally and collectively, the "Borrowers"), as follows:
TERM NOTE (Actual Balance Interest Accrual Method) PennsylvaniaTerm Note • August 3rd, 2010 • Blue Ridge Real Estate Co • Real estate • Pennsylvania
BORROWER Big Boulder Corporation, Blue Ridge Real Estate Company, BBC Holdings, Inc., BRRE Holdings, Inc., Northeast Land Company, Lake Mountain Company, Jack Frost Mountain Company, Boulder Creek Resort Company, Moseywood Construction Company, individually and doing business as Stoney Run Realty Company and doing business as Stoney Run Builders Company, and Jack Frost National Golf Course, Inc., jointly and severally, each being corporations organized under the laws of Pennsylvania (except for BBC Holdings, Inc. and BRRE Holdings, Inc. which are organized under the laws of the State of Delaware), and each having a chief executive office of Route 940 and Moseywood Road, P.O. Box 707, Blakeslee, Pennsylvania 18610-0747
