COMMERCIAL PLEDGE AGREEMENTCommercial Pledge Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
THIS COMMERCIAL PLEDGE AGREEMENT dated January 18, 2006, is made and executed between STEN CORPORATION (“Grantor”) and Citizens Independent Bank (“Lender”).
COMMERCIAL LOAN/NOTE AMENDMENT AGREEMENTSten Corp • February 14th, 2007 • Retail-eating places
This Amendment is made the 8th day of January, 2007 between the “Bank” and Borrower and is intended to amend, by mutual agreement, the Note referenced above. The Borrower specifically acknowledges and agrees that the Note, as amended, continues to be secured by all mortgages, security agreements, pledges, conditional sales contracts, assignments and all other security documents or agreements previously executed by the Borrower in favor of the Bank and may now or hereafter be secured by one or more other security documents and agreements. All references in any such security documents and agreements to the “Note” shall be deemed to refer to the Note as amended by this Amendment and any previous Amendment(s).
PARENT GUARANTYParent Guaranty • February 14th, 2007 • Sten Corp • Retail-eating places
THIS GUARANTY (this “Guaranty”) is made as of February 13, 2007, by Sten Corporation, a Minnesota corporation (the “Guarantor”) in favor of R. W. Sabes Investment, LLC (the “Lender”);
SECURITY AGREEMENTSecurity Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
THIS SECURITY AGREEMENT (“Security Agreement”), dated as of February 13, 2007, by Colfax Financial Corporation, a Utah corporation with a mailing address of c/o STEN Corporation, 10275 Wayzata Boulevard, Suite 310, Minnetonka, Minnesota 55305 (“Debtor”), in favor of R.W. Sabes Investment, LLC with a mailing address of 6655 W Sahara, Suite B200, Las Vegas NV 89146 (the “Secured Party”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of February 13, 2007 is made and entered into by and among STEN Corporation, a Minnesota corporation (the “Company”), and R.W. Sabes Investment, LLC (the “Investor”).
ContractSten Corp • February 14th, 2007 • Retail-eating places
This Warrant and the Securities issuable upon exercise of this Warrant have not been registered under the Securities Act of 1933 (the “Securities Act”) or under any state securities or “Blue Sky” laws (“Blue Sky Laws”). No transfer, sale, assignment, pledge, hypothecation or other disposition of this Warrant or the Securities issuable upon exercise of this Warrant or any interest therein may be made except (a) pursuant to an effective registration statement under the Securities Act and any applicable Blue Sky Laws or (b) if the Company has been furnished with an opinion of counsel for the holder, which opinion and counsel shall be reasonably satisfactory to the Company, to the effect that no registration is required because of the availability of an exemption from registration under the Securities Act and applicable Blue Sky laws.
COMMERCIAL SECURITY AGREEMENTSecurity Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
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.
SECURITY AGREEMENTSecurity Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
THIS SECURITY AGREEMENT (“Security Agreement”), dated as of February 13, 2007, by STEN Corporation, a Minnesota corporation with a mailing address of 10275 Wayzata Boulevard, Suite 310, Minnetonka, Minnesota 55305 (“Guarantor”), in favor of R.W. Sabes Investment, LLC with a mailing address of 6655 W Sahara, Suite B200, Las Vegas NV 89146 (the “Secured Party”).
BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
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.
CREDIT AGREEMENTCredit Agreement • February 14th, 2007 • Sten Corp • Retail-eating places • Minnesota
This Credit Agreement (“Agreement”) is made as of February 13, 2007 between Colfax Financial Corporation, a Utah corporation (the “Borrower”), STEN Corporation, a Minnesota corporation (“STEN”) and R.W. Sabes Investment, LLC, a Nevada limited liability company (“Lender”).
