TERM LOAN AGREEMENT AND PROMISSORY NOTETerm Loan Agreement and Promissory Note • July 7th, 2005 • Durham Timothy S • Sheet metal work • Indiana
THIS TERM LOAN AGREEMENT AND PROMISSORY NOTE (the "Agreement") is made and entered into this 16th day of June, 2005, by and between Black Rock Acquisition Corporation, an Indiana corporation with its principal offices at 111 Monument Circle, Suite 4800, Indianapolis, Indiana 46204 ("Borrower"), and Diamond Investments, LLC, an Indiana limited liability company with its principal offices at 111 Monument Circle, Suite 4800, Indianapolis, Indiana 46204 ("Lender").
SUBSCRIPTION AGREEMENTDurham Timothy S • July 7th, 2005 • Sheet metal work
Diamond Investments, LLC (the "Purchaser") hereby subscribes for and agrees to purchase up to Seven Hundred Six Thousand Forty-seven (706,047) common shares (the "Shares") of Black Rock Acquisition Corporation (the "Corporation"), at a price per share of $2.00, and on the terms and conditions hereinafter set forth.
