CONSTRUCTION AND SEMI-PERMANENT LOAN AGREEMENTConstruction and Semi-Permanent Loan Agreement • November 14th, 2005 • Advanced Environmental Recycling Technologies Inc • Millwood, veneer, plywood, & structural wood members • Arkansas
THIS CONSTRUCTION AND SEMI-PERMANENT LOAN AGREEMENT, dated as of the 28th day of September, 2005 (the “Loan Agreement”), is made by and among LIBERTY BANK OF ARKANSAS, an Arkansas state chartered bank whose local mailing address is 4706 South Thompson, Suite 101, Springdale, Arkansas 72764, attention P. Douglas Lynch, President Fayetteville/Springdale, Arkansas markets (“Lender”) and ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC., a Delaware corporation whose local mailing address is Post Office Box 1237, Springdale, Arkansas 72765 (“Borrower”).
