BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement (Asset Based) • November 10th, 2015 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Contract Type FiledNovember 10th, 2015 Company Industry JurisdictionReferences 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.
BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement (Asset Based) • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Contract Type FiledMay 14th, 2014 Company Industry JurisdictionTHIS 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 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.