Business Loan Agreement (Asset Based) Sample Contracts

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Surge Components Inc – Business Loan Agreement (Asset Based) (April 14th, 2017)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated February 22, 2017, is made and executed between Surge Components, Inc. ("Borrower") and Citibank, N.A. ("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. 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.

Ocean Bio-Chem, Inc. – Business Loan Agreement (Asset Based) (March 31st, 2017)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated November 17, 2016, is made and executed between OCEAN BIG CHEM INC ("Borrower") and REGIONS 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. 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.

Rider to Business Loan Agreement (Asset Based) and Related Documents (December 16th, 2016)

This Rider to Business Loan Agreement (Asset Based) ("Rider") is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2016 ("Business Loan Agreement") between Electromed, Inc. ("Borrower") and Venture Bank ("Lender"). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

Business Loan Agreement (Asset Based) (December 16th, 2016)
Business Loan Agreement (Asset Based) (April 29th, 2016)
Business Loan Agreement (Asset Based) (March 10th, 2016)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated March 4, 2016, is made and executed between Nanophase Technologies Corporation ("Borrower") and Libertyville Bank and Trust Company ("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. 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. This Agreement shall apply to any and all present and future loans, loan advances, extension of

R-Wireless – Business Loan Agreement (Asset Based) (December 29th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 3, 2015, is made and executed between TX Holdings Incorporated ("Borrower") and Town Square 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. 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.

Rider to Business Loan Agreement (Asset Based) and Related Documents (November 10th, 2015)

This Rider to Business Loan Agreement (Asset Based) ("Rider") is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2015 ("Business Loan Agreement") between Electromed, Inc. ("Borrower") and Venture Bank ("Lender"). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

Surgiquest Inc – AMENDED AND RESTATED 2006 STOCK PLAN (Amended and Restated as of June 12, 2007) (November 10th, 2015)
Business Loan Agreement (Asset Based) (November 10th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 18, 2015, is made and executed between Electromed, Inc. (Borrower) and Venture 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Business Loan Agreement (Asset Based) (September 24th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated September 18, 2015, is made and executed between Tandy Leather Factory, Inc. ("Borrower") and BOKF, NA dba Bank of Texas ( "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. Borrower understands and agrees that: (Al in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (8) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (Cl all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Ourpets – Business Loan Agreement (Asset Based) (August 27th, 2015)
BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call/Coll Account Officer Initials (August 13th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated July 6, 2015, is made and executed between Hyperspring, LLC ("Borrower") and IBERIABANK ("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. Borrower understands and agrees that: (A) In granting, renewing, or extending any Loan, Lenders 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.

Lm Funding America, Inc. – Business Loan Agreement (Asset Based) (August 7th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 25, 2015, is made and executed between LMF OCTOBER 2010 FUND, LLC (Borrower) and IBERIABANK (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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Ourpets – Business Loan Agreement (Asset Based) (May 29th, 2015)
R-Wireless – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials Inventory References in the Boxes Above Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "***" Has Been Omitted Due to Text Length Limitations. (April 30th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 26, 2014, is made and executed between TX Holdings, Inc. ("Borrower") and Town Square 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. 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.

Business Loan Agreement (Asset Based) (March 10th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated March 4, 2015, is made and executed between Nanophase Technologies Corporation (Borrower) and Libertyville Bank and Trust Company (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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement. This Agreement shall apply to any and all present and future loans, loan advances, extension of credit

Rider to Business Loan Agreement (Asset Based) and Related Documents (December 17th, 2014)

This Rider to Business Loan Agreement (Asset Based) (Rider) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2014 (Business Loan Agreement) between Electromed, Inc. (Borrower) and Venture Bank (Lender). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (December 17th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 18, 2014, is made and executed between Electromed, Inc. (Borrower) and Venture 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll 4a Account Officer BARYB Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (September 24th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated 04-01-2014, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll 4a Account Officer BARYB Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (September 24th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated October 7, 2013, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) 4a BARYB References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (September 24th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 21, 2013, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) 4a BARYB References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (August 12th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 21, 2013, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll 4a Account Officer BARYB Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (August 12th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated 04-01-2014, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Mammoth Energy Partners LP – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll 4a Account Officer BARYB Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing *** Has Been Omitted Due to Text Length Limitations. (August 12th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated October 7, 2013, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Ocean Bio-Chem, Inc. – BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Bank/App Loan No Account Officer MSJ01 References in the Shaded Area Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "***" Has Been Omitted Due to Text Length Limitations. (August 8th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 4, 2014, is made and executed between OCEAN BIO CHEM INC ("Borrower") and REGIONS 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. 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.

Biofuel Energy – Business Loan Agreement (Asset Based) (July 16th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated October 13, 2011, is made and executed between JBGL Builder Finance LLC (Borrower) and INWOOD NATIONAL 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Biofuel Energy – Principal (July 16th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated October 13, 2012, is made and executed between JBGL Builder Finance LLC ("Borrower") and INWOOD NATIONAL 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. 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.

Rider to Business Loan Agreement (Asset Based) and Related Documents (May 14th, 2014)

This Rider to Business Loan Agreement (Asset Based) (Rider) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated May 6, 2014 (Business Loan Agreement) between Electromed, Inc. (Borrower) and Venture Bank (Lender). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

Mammoth Energy Partners LP – Business Loan Agreement (Asset Based) (May 14th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 21, 2013, is made and executed between Redback Energy Services LLC (Borrower) and Legacy 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials References in the Boxes Above Are for Lenders Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing ***Has Been Omitted Due to Text Length Limitations. (May 14th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated May 6, 2014, is made and executed between Electromed, Inc. (Borrower) and Venture 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. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers 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 Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Ourpets – Business Loan Agreement (Asset Based) (April 17th, 2014)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated April 16, 2014, is made and executed between OURPET'S COMPANY, VIRTU COMPANY and SMP COMPANY INCORPORATED ("Borrower") and FIRSTMERIT BANK, N.A. ("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. 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.

Business Loan Agreement (Asset Based) (December 20th, 2013)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 18, 2013, is made and executed between Electromed, Inc. ("Borrower") and Venture 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. 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.

Rider to Business Loan Agreement (Asset Based) and Related Documents (December 20th, 2013)

This Rider to Business Loan Agreement (Asset Based) ("Rider") is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2013 ("Business Loan Agreement") between Electromed, Inc. ("Borrower") and Venture Bank ("Lender"). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

Ourpets – Business Loan Agreement (Asset Based) (December 13th, 2012)

Principal Loan Date 12-07-2012 Maturity Loan No Call / Coll Account 2920 Officer Initials References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.