BB&T GUARANTY AGREEMENTGuaranty Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Florida
As an inducement to Branch Banking and Trust Company (“Bank”), to extend credit to and to otherwise deal with Southeast Power Corporation, a Florida corporation (“Borrower”), and in consideration thereof, the undersigned (and each of the undersigned jointly and severally if more than one) hereby absolutely and unconditionally guarantees to Bank and its successors and assigns the due and punctual payment of any and all notes, drafts, debts, obligations and liabilities, primary or secondary (whether by way of endorsement or otherwise), of Borrower, at any time, now or hereafter, incurred with or held by Bank, together with interest, as and when the same become due and payable, whether by acceleration or otherwise, in accordance with the terms of any such notes, drafts, debts, obligations or liabilities or agreements evidencing any such indebtedness, obligation or liability including all renewals, extensions and modifications thereof. The obligation of the undersigned is a guarantee of pa
LOAN AGREEMENT Account NumberLoan Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Florida
This Loan Agreement (the “Agreement”) is made this 17th day of April, 2012 by and between BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (“Bank”), and:
BB&T SECURITY AGREEMENTSecurity Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Florida
This Security Agreement (“Security Agreement”) is made April 17, 2012, between Southeast Power Corporation, a Florida corporation (“Debtor”), and Branch Banking and Trust Company, a North Carolina banking corporation (“Secured Party”).
MODIFICATION OF SECURITY AGREEMENTModification of Security Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
This Modification of BB&T Security Agreement, made this 17th day of April, 2012, by and between SOUTHEAST POWER CORPORATION, a Florida corporation (“Debtor”) and BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (“Secured Party”).
Borrower: SOUTHEAST POWER CORPORATION, a Florida corporation Account Number: 9660933120 PROMISSORY NOTE Note Number: 00005 Address: 1684 W. Hibiscus Blvd. Melbourne, Florida Melbourne, FL 32901 Date: April 17, 2012Goldfield Corp • April 24th, 2012 • Water, sewer, pipeline, comm & power line construction
THE UNDERSIGNED BORROWER REPRESENTS THAT THE LOAN EVIDENCED HEREBY IS BEING OBTAINED FOR BUSINESS/COMMERCIAL OR AGRICULTURAL PURPOSES AND NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. For value received, the undersigned, jointly and severally, if more than one, promises to pay to BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (the “Bank”), or order, at any of Bank’s offices in the above referenced city (or such other place or places that may be hereafter designated by Bank), the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00), in immediately available coin or currency of the United States of America.
Addendum to Loan AgreementLoan Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
As of the April 17, 2012 the loan agreement associated with Loan # 9660933120-00004 in the original amount of $6,940,000, dated February 22, 2011 by and between BRANCH BANKING AND TRUST COMPANY (“Bank”) and Southeast Power Corporation, a State of Florida corporation (“Borrower”), having its executive office at Melbourne, Florida is hereby amended as follows:
MODIFICATION OF SECURITY AGREEMENTModification of Security Agreement • April 24th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
This Modification of BB&T Security Agreement, made this 17th day of April, 2012, by and between SOUTHEAST POWER CORPORATION, a Florida corporation (“Debtor”) and BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (“Secured Party”).
