0001260415-04-000020 Sample Contracts

MORTGAGE
Dynasil Corp of America • May 14th, 2004 • Glass & glassware, pressed or blown

This Mortgage prepared by: /s/Suzanne M. Hartshorne Suzanne M; Hartshorne Premier Bank SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY

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BUSINESS LOAN AGREEMENT
Business Loan Agreement • May 14th, 2004 • Dynasil Corp of America • Glass & glassware, pressed or blown • Pennsylvania

THIS BUSINESS LOAN AGREEMENT dated April 15, 2004, is made and executed between Dynasil Corporation of America A/K/A Dynasil Corporation ("Borrower") and Premier Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement,

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