EXHIBIT 10.3Security Agreement • August 11th, 2000 • Electric City Corp • Services-prepackaged software • Illinois
EXHIBIT 10.1Loan Agreement • August 11th, 2000 • Electric City Corp • Services-prepackaged software • Illinois
SUBORDINATED SECURED TERM NOTESubordinated Secured Term Note • August 11th, 2000 • Electric City Corp • Services-prepackaged software
FOR VALUE RECEIVED, the undersigned, Electric City Corporation, an Illinois corporation (the "Maker"), hereby unconditionally promises to pay to the order of Joseph Marino(the "Holder"), at the office of Holder at _______________________, Illinois _______, or at such other place as Holder may from time to time designate to the Maker in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of NINE HUNDRED SEVENTY-TWO THOUSAND AND NO/100 DOLLARS ($972,000). This Subordinated Secured Term Note shall bear interest at the rate of ten percent (10%) per annum on the unpaid principal amount hereof outstanding from time to time, from the date hereof and shall be payable in equal monthly installments of principle and interest in the amount of FORTY-FOUR THOUSAND, NINE HUNDRED TWENTY SIX AND 56/100 DOLLARS ($44,927.56), with the first installment due and payable on June 24, 2000, and the final installment due and payable on May 24, 2002, if
EXHIBIT 10.4 EQUIPMENT TERM NOTEEquipment Term Note • August 11th, 2000 • Electric City Corp • Services-prepackaged software
On or before July _____, 2003, Electric City Corp., a Delaware corporation, (the "Undersigned"), whose address is1280 Landmeier Road, Elk Grove Village, Illinois 60007, for value received, promises to pay to the order of LaSalle Bank National Association, a national banking association (hereinafter, together with any holder hereof, called "Lender"), whose address is 135 South LaSalle Street, Chicago, Illinois 60603 the principal sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00). The undersigned also promises to pay to the Lender interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until maturity (whether by acceleration or otherwise) and, after maturity, until paid, at the interest rates and at such times as are provided in that certain Loan Agreement, dated as of June 28, 2000 between the Undersigned and the Lender (the "Loan Agreement"). This Note is executed pursuant to the Loan Agreement and any and all amendments thereto, in
RECITALSGeneral Security Agreement • August 11th, 2000 • Electric City Corp • Services-prepackaged software • Illinois
