SECURITY AGREEMENTSecurity Agreement • August 14th, 2002 • Electric City Corp • Services-prepackaged software • Illinois
THIS SECURITY AGREEMENT (this “Security Agreement”) is made on the 29th day of May, 2002, by and between Electric City Corp., a Delaware corporation (“Debtor”), and American Chartered Bank, an Illinois banking association (“Secured Party”).
MORTGAGE NOTEElectric City Corp • August 14th, 2002 • Services-prepackaged software
FOR VALUE RECEIVED, the undersigned, ELECTRIC CITY CORP., a Delaware corporation, SWITCHBOARD APPARATUS, INC., a Delaware corporation, and GREAT LAKES CONTROLLED ENERGY CORPORATION, a Delaware corporation (collectively, “Borrowers”) hereby promise to pay to the order of AMERICAN CHARTERED BANK, an Illinois banking association (“Bank”), in immediately available funds, on April 30, 2004, or such earlier maturity date as provided for herein, the principal sum of $735,000.00 (the “Loan”), as follows:
MORTGAGE, ASSIGNMENT OF LEASESMortgage • August 14th, 2002 • Electric City Corp • Services-prepackaged software • Illinois
THIS MORTGAGE is made as of the 29th day of May, 2002 by ELECTRIC CITY CORP., a Delaware corporation (“Mortgagor”) with a mailing address of 1280 Landmeier Road, Elk Grove Village, Illinois, and AMERICAN CHARTERED BANK, an Illinois state banking association, with a mailing address of 1119 East Higgins Road, Schaumburg, Illinois 60173, Attn: William D. Provan (“Bank”).
REVOLVING NOTEElectric City Corp • August 14th, 2002 • Services-prepackaged software
FOR VALUE RECEIVED, ELECTRIC CITY CORP., a Delaware corporation, SWITCHBOARD APPARATUS, INC., a Delaware corporation, and GREAT LAKES CONTROLLED ENERGY CORPORATION, a Delaware corporation (collectively, “Borrowers”), jointly and severally, hereby promise to pay, to the order of AMERICAN CHARTERED BANK, an Illinois banking association (“Bank”), the principal sum of TWO MILLION AND 00/100 DOLLARS ($2,000,000.00) or such lesser amount as may be outstanding from time to time hereunder (the “Loan”), as follows:
TERM NOTEElectric City Corp • August 14th, 2002 • Services-prepackaged software
FOR VALUE RECEIVED, ELECTRIC CITY CORP., a Delaware corporation, SWITCHBOARD APPARATUS, INC., a Delaware corporation, and GREAT LAKES CONTROLLED ENERGY CORPORATION, a Delaware corporation (collectively, “Borrowers”), jointly and severally, hereby promise to pay, to the order of AMERICAN CHARTERED BANK, an Illinois banking association (“Bank”), in immediately available funds, on April 30, 2004, or such earlier maturity date as provided for herein, the principal sum of FOUR HUNDRED THOUSAND AND NO/100 DOLLARS ($400,000.00) (the “Loan”), as follows:
Amending Agreement made this 18th day of June, 2002Amending Agreement • August 14th, 2002 • Electric City Corp • Services-prepackaged software
Reference is made to an agreement (the “Original Contract”) effective as of the 1st day of August, 2000, by and between thestockpage.com inc., and Electric City Corporation and to an Amending Agreement made the 12th day of February, 2001 (the “Amending Agreement”) which amended the Original Contract and to a Second Amending Agreement made the 29th day of June, 2001 (the “Second Amending Agreement) which amended the Original Contract and to a third Amending Agreement made the 3rd day of September, 2001 (the “third Amending Agreement) which amended the Original Contract. In this agreement, “we” or “us” or similar terms refers to the stockpage.com Inc. and “you,” “your” and similar terms mean Electric City Corporation (current trading symbol “ELC”).
STOCK PLEDGE AGREEMENTStock Pledge Agreement • August 14th, 2002 • Electric City Corp • Services-prepackaged software • Illinois
THIS STOCK PLEDGE AGREEMENT (“Pledge Agreement”) is made and entered into this 29th day of May, 2002, by and between Electric City Corp., a Delaware corporation (“Pledgor”), and American Chartered Bank, an Illinois banking association (“Bank”).
LOAN AGREEMENTLoan Agreement • August 14th, 2002 • Electric City Corp • Services-prepackaged software • Illinois
THIS LOAN AGREEMENT (“Agreement”), is made and entered into this 29th day of May, 2002, by and among American Chartered Bank, an Illinois banking association (“Bank”), Electric City Corp., a Delaware corporation (“Electric”), Switchboard Apparatus, Inc., a Delaware corporation (“Switchboard”), and Great Lakes Controlled Energy Corporation, a Delaware corporation (“Great Lakes”, collectively with Electric and Switchboard, “Borrowers” and each individually a “Borrower”).
