Exhibit 10.2 LOAN AGREEMENTLoan Agreement • December 5th, 2005 • RGC Resources Inc • Natural gas transmisison & distribution • Virginia
SUNTRUST Commercial Note Borrower: Bluefield Gas Company Date: November 25, 2005 Borrower Address: P. O. Box 13007 Roanoke, VA 24030 Loan Amount: Two Million Dollars and no cents ($2,000,000.00) Account No.: 6522208 Note No.: 18 Officer: Deborah H....Commercial Note • December 5th, 2005 • RGC Resources Inc • Natural gas transmisison & distribution • Virginia
For value received, the borrower(s) named above, whether one or more, (the "Borrower"), jointly and severally promise to pay to the order of SunTrust Bank, a Georgia banking corporation ("SunTrust") at any of its offices, or at such place as SunTrust may in writing designate, without offset in U.S. Dollars and in immediately available funds, the Loan Amount shown above, or the total of all amounts advanced under this Note if less than the full Loan Amount is advanced, plus interest and any other amounts due, upon the terms specified below.
