Line Of Credit Sample Contracts

Pressure BioSciences, Inc. – Re: Agreement to Amend Conversion Price and Convert - LOC Obligation; Agreement to Amend Line of Credit Warrants (June 15th, 2018)

Reference is made to that certain October 26, 2016 Promissory Note, as amended pursuant to Amendment 1 on May 2, 2017, Amendment 2 on August 18, 2017, and Amendment 3 on January 30, 2018, in the Principal Amount of $4,000,000 (the "Promissory Note") issued by the Company to you and Common Stock Purchase Warrants issued in connection therewith (the "Line of Credit Warrants" and, together with the Promissory Note, the "Line of Credit Documents").

Biolargo Inc. – Secured Inventory and Accounts Receivable Line of Credit (May 14th, 2018)

FOR VALUE RECEIVED, BioLargo, Inc., a Delaware corporation ("Maker") promises to pay to those individuals/entities set forth on Schedule A and properly subscribed hereto (each individually, a "Holder", and collectively, "Holders"), or order, at such address listed for each Holder on Schedule A, or that Holder may from time to time designate, the principal sum as set forth in Schedule A, in the maximum aggregate amount of seven hundred thousand dollars ($700,000) (the "Maximum Principal Amount"), or such lesser or greater amount as shall be outstanding under this Line of Credit, together with interest on the outstanding balance of such sum accruing at the simple annual rate of eighteen percent (18%).

State Auto Financial Corporation – Open Line of Credit Application (May 8th, 2018)

Pursuant to the BLANKET SECURITY AGREEMENT ("Agreement") and the RESOLUTION FOR ADVANCES ("Resolution") currently on file with the Federal Home Loan Bank of Cincinnati ("Bank"), the undersigned, who by the authority of the Member's Board of Directors are authorized to borrow from time to ttme under the "Agreement", hereby apply for an Open Line of Credit Commitment ("OLC"), to mature twelve months after approval of this application, in the amount of $100,000,000 PROVIDED, however, that if the Member is in default under the terms of the "Agreement" or any other agreement with the Bank, which default is not waived by the Bank, such funds need not be made available by the Bank hereunder. In addition, the Bank will not be obligated to fund commitments for Advances previously made to Members who become tangible capital insolvent or if the Bank is notified by the Members primary regulator or insurer that the Member has been restricted from using Federal Home Loan Bank Advances.

ACM Research, Inc. – Comprehensive Line of Credit Contract (2016 Ver.) (October 30th, 2017)

WHEREAS, the Borrower applies to the Lender for working capital revolving loan limit; now, therefore, in order to specify the rights and obligations of the Parties, they hereby enter into this Contract through equal negotiation in accordance with Contract Law of the Peoples Republic of China, General Rules for Loans, Interim Measures for the Administration of Working Capital Loans and other applicable laws, regulations and rules.

(Line of Credit - Prime Rate Adjustable - Interest Only) (August 9th, 2017)
Flux Power Holdings, Inc. – Sixth Amendment to the Unrestricted and Open Line of Credit (July 3rd, 2017)

This Sixth Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of June 29, 2017 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC (the "Lender").

Date: June 19, 2017 LINE OF CREDIT / PROMISORRY NOTE InnSuites Hospitality Trust / Phoenix Northern Resort, LLC Change in Terms - Termination of Loan (June 22nd, 2017)

We hereby wish to terminate the Line of Credit / Promissory Note between InnSuites Hospitality Trust and Phoenix Northern Airport Resort, LLC. All other terms from the Line of Credit / Promissory Note dated December 22, 2015 are not changed.

Date: 6/19/2017 LINE OF CREDIT / PROMISORRY NOTE InnSuites Hospitality Trust / Tempe/Phoenix Airport Resort, LLC Change in Terms (June 22nd, 2017)

All other terms from the Line of Credit / Promissory Note InnSuites Hospitality Trust / Tempe Phoenix Airport Resort, LLC dated December 22, 2015 are not changed.

Date: 6/19/2017 LINE OF CREDIT / PROMISORRY NOTE InnSuites Hospitality Trust / Tempe/Phoenix Airport Resort, LLC Change in Terms (June 22nd, 2017)

All other terms from the Line of Credit / Promissory Note InnSuites Hospitality Trust / Tempe Phoenix Airport Resort, LLC dated December 22, 2015 are not changed.

Date: June 19, 2017 LINE OF CREDIT / PROMISORRY NOTE InnSuites Hospitality Trust / Phoenix Northern Resort, LLC Change in Terms - Termination of Loan (June 22nd, 2017)

We hereby wish to terminate the Line of Credit / Promissory Note between InnSuites Hospitality Trust and Phoenix Northern Airport Resort, LLC. All other terms from the Line of Credit / Promissory Note dated December 22, 2015 are not changed.

BMC Capital, Inc. – Senior Secured Line of Credit (May 3rd, 2017)

For value received, BMC Capital, Inc. a Nevada corporation, having its principal office at 3267 Bee Caves Road 107-122 Austin, TX 78746 ("Borrower"), promises to pay to the order of Yuma Properties, LP, a Texas limited partnership ("Lender"), or any subsequent holder hereof, at 425 Carr 693 Suite 1 PMB 367 Dorado, PR 00646 , or at such other address as Lender shall from time to time specify in writing, the principal sum of ONE MILLION DOLLARS ($1,000,000.00), or such lesser amount as is advanced hereunder, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap

BMC Capital, Inc. – Senior Secured Line of Credit (May 3rd, 2017)

For value received, BMC Capital, Inc. a Nevada corporation, having its principal office at 3267 Bee Caves Road 107-122 Austin, TX 78746 ("Borrower"), promises to pay to the order of Yuma Properties, LP, a Texas limited partnership ("Lender"), or any subsequent holder hereof, at 425 Carr 693 Suite 1 PMB 367 Dorado, PR 00646 , or at such other address as Lender shall from time to time specify in writing, the principal sum of ONE MILLION DOLLARS ($1,000,000.00), or such lesser amount as is advanced hereunder, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap

Flux Power Holdings, Inc. – Fifth Amendment to the Unrestricted and Open Line of Credit (April 24th, 2017)

This Fifth Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of April 11, 2017 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC (the "Lender").

Adamis Pharmaceuticl – September 2016 Amendment to Commercial Line of Credit Agreement and Note (March 30th, 2017)

THIS SEPTEMBER 2016 AMENDMENT TO COMMERCIAL LINE OF CREDIT AGREEMENT AND NOTE (the "Amendment") is entered into this 3rd day of November, 2016, with an effective date of September 30, 2016, by and among BEAR STATE BANK, N.A., a national banking association and successor in interest to First Federal Bank, its successors and assigns ("Lender"), US COMPOUNDING, INC., an Arkansas corporation ("Borrower"), EDDIE GLOVER, an individual, and KRISTEN RIDDLE, an individual (collectively the "Guarantors")(Borrower and Guarantors may be collectively referred to as the "Loan Parties").

Biolargo Inc. – Inventory and Accounts Receivable Line of Credit (March 30th, 2017)

This Line of Credit is for the purpose to fund the production of inventory and finance accounts receivable. The Holders may record a UCC financing statement against Maker's inventory and accounts receivable (any such proceeds from the security to be split proportionally between each Holder).

Arrhythmia Research Technology Inc. – Commercial Equipment Line of Credit (March 22nd, 2017)

This Note evidences the Borrower's indebtedness under the $1,000,000 Equipment Line of Credit made by the Bank to the Borrower of even date herewith as defined in the Loan and Security Agreement among the Borrower and the Bank dated March 29, 2013 (as the same may be amended or modified from time to time, the "Loan Agreement"), incorporated herein by reference (the "2016 Equipment Line of Credit").

BMC Capital, Inc. – Senior Secured Line of Credit (January 11th, 2017)

For value received, BMC Capital, Inc. a Nevada corporation, having its principal office at 3267 Bee Caves Road 107-122 Austin, Texas 78746 ("Borrower"), promises to pay to the order of Yuma Properties, LP, a Texas limited partnership ("Lender"), or any subsequent holder hereof, at 3267 Bee Caves Road 107-122 Austin, Texas 78746, or at such other address as Lender shall from time to time specify in writing, the principal sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), or such lesser amount as is advanced hereunder, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 day

BMC Capital, Inc. – Senior Secured Line of Credit (January 11th, 2017)

For value received, BMC Capital, Inc. a Nevada corporation, having its principal office at 3267 Bee Caves Road 107-122 Austin, Texas 78746 ("Borrower"), promises to pay to the order of Yuma Properties, LP, a Texas limited partnership ("Lender"), or any subsequent holder hereof, at 3267 Bee Caves Road 107-122 Austin, Texas 78746, or at such other address as Lender shall from time to time specify in writing, the principal sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), or such lesser amount as is advanced hereunder, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 day

PJT Partners Inc. – LOAN AGREEMENT (Line of Credit) (October 13th, 2016)

This Loan Agreement (Line of Credit) (the "Agreement"), dated as of October 1, 2015, is executed by and between PJT Partners Holdings LP ("Borrower"), and First Republic Bank (the "Lender"), with reference to the following facts:

BMC Capital, Inc. – Senior Secured Line of Credit (September 27th, 2016)

For value received, BMC Capital, Inc. a Nevada corporation, having its principal office at 3267 Bee Caves Road 107-122 Austin, Texas 78746 ("Borrower"), promises to pay to the order of Yuma Properties, LP, a Texas limited partnership ("Lender"), or any subsequent holder hereof, at 3267 Bee Caves Road 107-122 Austin, Texas 78746, or at such other address as Lender shall from time to time specify in writing, the principal sum of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00), or such lesser amount as is advanced hereunder, in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 36

Premier Financial Bancorp, Inc. – Line of Credit Renewal Agreement (September 13th, 2016)
Corning Natural Gas Holding Corp – Line of Credit/Term Loan Note (August 15th, 2016)

FOR VALUE RECEIVED, the undersigned, Leatherstocking Gas Company, LLC, an entity organized and existing under the laws of the State of New York with an office at 330 West William Street, Corning, New York 14830 (hereinafter called "Borrower"), promises to pay pursuant to the repayment terms set forth below, to the order of FIVE STAR BANK, a New York State bank (hereinafter called "Bank") with its principal office at 55 North Main Street, Warsaw, New York 14569, or at such other place as may be designated in writing by the holder of this Note the sum of One Million Two Hundred Fifty Thousand and 00/100 Dollars ($1,250,000.00) in lawful money of the United States (the "Loan"), or so much as may be advanced, referred to as "principal sum", with interest hereon to be computed from the date hereof to be paid as set forth in the Payment Terms section below.

Flux Power Holdings, Inc. – Fourth Amendment to the Unrestricted and Open Line of Credit (August 2nd, 2016)

This Fourth Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of July 28, 2016 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC ( the "Lender").

Minerco Resources, Inc. – Amended and Restated Line of Credit (May 18th, 2016)
Lucas Energy – Assignment, Assumption and Amendment to Line of Credit and Notes Agreement (April 15th, 2016)

This Assignment, Assumption and Amendment to Line of Credit and Notes Agreement (this "Agreement") dated and effective April 11, 2016 (the "Effective Date") is by and between, Target Alliance London Limited, a United Kingdom Private Limited Company with Share Capital, company number 08582290 ("TALL"); Silver Star Oil Company, a Texas Corporation ("Silver Star"); and Lucas Energy, Inc., a Nevada corporation ("Lucas"), each referred to as a "Party" and collectively as the "Parties" to the Agreement.

Flux Power Holdings, Inc. – Third Amendment to the Unrestricted and Open Line of Credit (March 31st, 2016)

This Third Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of March 29, 2016 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC ( the "Lender" and together with the Borrower, the "Parties").

Assignment of Securities With Assumption of Securities Based Line of Credit (January 5th, 2016)

This Assignment of Securities with Assumption of Securities Based Line of Credit (this "Agreement") is entered into as of December 30, 2015 (the "Effective Date"), by and between Beechwood Properties, LLC ("Beechwood") and Redhawk Holdings Corp. ("Redhawk").

Commercial Note Line of Credit (January 5th, 2016)

Subject to the terms and conditions of this Commercial Note for Line of Credit (the "Note"), Beechwood Properties, LLC ("Lender") has made a Line of Credit Loan (the "Line of Credit") to RedHawk Holdings Corp., a Nevada corporation (the "Borrower"), in the maximum principal amount of ONE HUNDRED THOUSAND and no/100 ($100,000.00) dollars. This Line of Credit is a non-revolving loan, and the principal amount available under this Line of Credit shall be reduced by the amount of each advance and shall not be increased after payments have reduced the amount outstanding.

Flux Power Holdings, Inc. – Second Amendment to the Unrestricted and Open Line of Credit (January 5th, 2016)

This Second Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of December 29, 2015 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC ( the "Lender").

Commercial Note Line of Credit (November 19th, 2015)

Subject to the terms and conditions of this Commercial Note for Line of Credit (the "Note"), Beechwood Properties, LLC ("Lender") has made a Line of Credit Loan (the "Line of Credit") to RedHawk Holdings Corp., a Nevada corporation (the "Borrower"), in the maximum principal amount of ONE HUNDRED THOUSAND and no/100 ($100,000.00) dollars. This Line of Credit is a non-revolving loan, and the principal amount available under this Line of Credit shall be reduced by the amount of each advance and shall not be increased after payments have reduced the amount outstanding.

Middlesex Water Company – Re:Uncommitted Line of Credit (November 3rd, 2015)

We are pleased to advise you that Bank of America, N.A., a national banking association (the "Bank") has established for Middlesex Water Company, a New Jersey corporation, and its subsidiaries, Tidewater Utilities, Inc., a Delaware corporation, White Marsh Environmental Systems, Inc., a Delaware corporation, Pinelands Water Company, a New Jersey corporation, Pinelands Wastewater Company, a New Jersey corporation, Utility Service Affiliates, Inc., a New Jersey corporation, Utility Service Affiliates (Perth Amboy) Inc., a New Jersey corporation, and Tidewater Environmental Services, Inc., a Delaware corporation, as joint and several co-borrowers (parent and subsidiary corporations individually and collectively referred to herein as "Borrower"), an uncommitted line of credit (the "Uncommitted Facility"). The aggregate Advances outstanding under the Uncommitted Facility shall not at any time exceed Twenty Eight Million Dollars ($28,000,000) (the "Uncommitted Facility Limit"). For the purpo

Corning Natural Gas Holding Corp – Line of Credit/Term Loan Note (October 23rd, 2015)

FOR VALUE RECEIVED, the undersigned, Leatherstocking Gas Company, LLC, an entity organized and existing under the laws of the State of New York with an office at 330 West William Street, Corning, New York 14830 (hereinafter called "Borrower"), promises to pay pursuant to the repayment terms set forth below, to the order of FIVE STAR BANK, a New York State bank (hereinafter called "Bank") with its principal office at 55 North Main Street, Warsaw, New York 14569, or at such other place as may be designated in writing by the holder of this Note the sum of Five Hundred Thousand and 00/100 Dollars ($500,000.00) in lawful money of the United States (the "Loan"), or so much as may be advanced, referred to as "principal sum", with interest hereon to be computed from the date hereof to be paid as set forth in the Payment Terms section below.

PJT Partners Inc. – LOAN AGREEMENT (Line of Credit) (October 5th, 2015)

This Loan Agreement (Line of Credit) (the Agreement), dated as of October 1, 2015, is executed by and between PJT Partners Holdings LP (Borrower), and First Republic Bank (the Lender), with reference to the following facts:

Premier Financial Bancorp, Inc. – Line of Credit Renewal Agreement (October 1st, 2015)
LOAN AGREEMENT (Line of Credit) (July 2nd, 2015)

This Loan Agreement (Line of Credit) (the Agreement), dated June 27, 2013, is executed by and between Evercore Partners Services East L.L.C. (Borrower), and First Republic Bank (the Lender), with reference to the following facts: