BUSINESS LOAN AGREEMENT ------------------------------------------------------- ------------------------- Principal Loan Date Maturity Loan No. Initials $400,000.00 9/8/99 3-8-00 106 -------------------------------------------------...Business Loan Agreement • January 13th, 2000 • Autocorp Equities Inc • Blank checks
THIS BUSINESS LOAN AGREEMENT between ACE Motor Company ("Borrower") and AutoPrime, Inc. ("Lender") is made and executed on the following terms and conditions. All such loans and financial accommodations, together with all future loans and financial accommodations from Lender to Borrower, are referred to in this Agreement individually as the "Loan" and collectively as the "Loans." Borrower understands and agrees that (a) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements, as set forth in this Agreement; (b) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (c) all such Loans shall be and shall remain subject to the following terms and conditions of this Agreement.
PROMISSORY NOTE --------------------------------------------------------------- ----------------- Principal Loan Date Maturity Loan No. Initials $400,000.00 9-8-99 3-8-00 106 -------------------------------------------------------------...Promissory Note • January 13th, 2000 • Autocorp Equities Inc • Blank checks
-------------------------------------------------------------------------------- Principal Loan Date Maturity Loan No. Initials $400,000.00 9-8-99 3-8-00 106 -------------------------------------------------------------------------------- References in the shaded areas are for Lender's use only and do not limit applicability or tills document to any particular loan or item. --------------------------------------------------------------------------------
Borrower: ACE Motor Company Lender: AutoPrime, Inc. 2740 North Dallas Parkway 2740 North Dallas Parkway Suite I 10 Suite 100 Plano, TX 75093 Plano, TX 75093Promissory Note • January 13th, 2000 • Autocorp Equities Inc • Blank checks
-------------------------------------------------------------------------------- Principal Loan Date Maturity Loan No. Initials $750,000.00 9/8/99 3-8-00 104 -------------------------------------------------------------------------------- References in the shaded areas are for Lender's use only and do not limit applicability of this document to any particular loan or item. --------------------------------------------------------------------------------
AMENDMENT TO UNCONDITIONAL TENDER OF AUTOCORP PREFERRED AND COMMON STOCK This Amendment to Unconditional Tender of AutoCorp Preferred and Common Stock (the "Amendment") is made and entered into by and between AutoCorp Equities, Inc. ("AutoCorp") and...Amendment to Unconditional Tender of Autocorp Preferred and Common Stock • January 13th, 2000 • Autocorp Equities Inc • Blank checks
