WITNESSETH: -----------Ronson Corp • November 19th, 2007 • Miscellaneous chemical products
Exhibit 10.1 BUSINESS LOAN AGREEMENT THIS BUSINESS LOAN AGREEMENT dated October 22, 2007, is made and executed between RONSON AVIATION, INC. ("Borrower") and BANK OF THE WEST ("Lender") on the following terms and conditions. Borrower has received...Business Loan Agreement • November 19th, 2007 • Ronson Corp • Miscellaneous chemical products • Oregon
Bank of the West Loan shall mean the loan in the principal --------------------- amount of $500,000 extended by Bank of the West to RAI and evidenced by, inter alia, that certain Business Loan ----- ---- Agreement, Promissory Note in the principal...Ronson Corp • November 19th, 2007 • Miscellaneous chemical products
Exhibit 10.4 FIRST AMENDMENT TO LOAN AGREEMENT WHEREAS, EPIC Aviation, LLC, an Oregon limited liability company ("EPIC"), and Ronson Aviation, Inc., a New Jersey corporation ("Ronson") entered into a Loan Agreement dated as of May 30, 2007 (the...Loan Agreement • November 19th, 2007 • Ronson Corp • Miscellaneous chemical products
Exhibit 10.5 CORPORATE GUARANTY FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, and to induce EPIC Aviation, LLC ("EPIC") to enter in to that certain Loan Agreement with Ronson Aviation, Inc....Ronson Corp • November 19th, 2007 • Miscellaneous chemical products
This Guaranty shall remain in full force and effect with respect to the Obligations until finally and irrevocably paid in full. No termination of this Guaranty shall affect any Obligations outstanding or contracted or committed for at the time of termination, and this Guaranty shall remain in full force and effect with respect to such Obligations until finally and irrevocably paid in full. In the event that any payment to EPIC in respect of the Obligations is rescinded or must otherwise be returned for any reason whatsoever, Guarantor shall remain liable hereunder in respect of such Obligations as if such payment had not been made. Guarantor reserves the right to assert defenses that Debtor may have to payment of any Obligation other than defenses arising from the bankruptcy or insolvency of Debtor or similar proceedings affecting Debtor and other defenses expressly waived hereby.
