LOAN AGREEMENTLoan Agreement • December 17th, 2007 • Universal Property Development & Acquisition Corp • Crude petroleum & natural gas • New York
This Loan Agreement (this “Agreement”) is dated as of December 11, 2007 among Continental Fuels, Inc., a Nevada corporation whose principal place of business is located at 9901 Interstate Highway 10 West, Suite 800, San Antonio, TX 78230 (the “Company”), Universal Property Development and Acquisition Corporation, a Nevada corporation whose principal place of business is located at 14255 US HWY 1, Suite 209, Juno Beach, FL 33408 (“UPDA”), Timothy Brink (“Brink”), a US citizen and resident of the state of Texas, whose primary residence is 19206 Gray Bluff Cove, San Antonio, TX 78258 (UPDA and Brink, collectively, the “Guarantors”), and Sheridan Asset Management, LLC, a Delaware limited liability company whose principal place of business is located at 1025 Westchester Avenue, Suite 311, White Plains, NY 10604 (the “Lender”). WHEREAS, subject to the terms and conditions set forth in this Agreement, the Company desires to borrow, and the Lender desires to lend to the Company, ce
GUARANTY AGREEMENTGuaranty Agreement guaranty Agreement • December 17th, 2007 • Universal Property Development & Acquisition Corp • Crude petroleum & natural gas • New York
Guaranty Agreement, dated as of December 11, 2007, made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of Sheridan Asset Management, LLC (the "Lender") relating to that certain Loan Agreement, dated as of the date hereof (the “Loan Agreement”), by and among Continental Fuels, Inc., a Nevada corporation (the “Company”), Universal Property Development and Acquisition Corporation, a Nevada corporation (“UPDA”), Timothy Brink (“Brink”), a US citizen and resident of the state of Texas, and the Lender.
