EASTERN BANK LINE OF CREDIT AGREEMENT FOR THE ACQUISITION OF EQUIPMENT January 14, 2003Line of Credit Agreement • April 10th, 2003 • International Electronics Inc • Communications equipment, nec • Massachusetts
We (hereinafter “Bank”) are please to advise you (hereinafter referred to as the “Borrower”) that Bank has established a line of credit of up to Five Hundred Thousand ($500,000.00) Dollars (hereinafter the “Credit Limit”) for Borrower to be used exclusively for the purchase of new or used equipment; subject to Bank’s periodic review. This line of credit will be subject to the following terms and conditions:
