LOAN AGREEMENTLoan Agreement • August 24th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
THIS LOAN AGREEMENT (“Agreement”) is made and entered into this 15th day of August, 2007 (“Closing Date”), by and between Anchor Bank Saint Paul, N.A. (“Lender”) and Ballistic Recovery Systems, Inc., a Minnesota corporation (“Borrower”).
SECURITY AGREEMENTSecurity Agreement • August 24th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
THIS SECURITY AGREEMENT (“Security Agreement”) is made as of this 15th day of August, 2007, by Ballistic Recovery Systems, Inc., a Minnesota corporation (“Borrower”), in favor of Anchor Bank Saint Paul, N.A., having an address of 66 Thompson Avenue East, West St. Paul, Minnesota 55118 (“Bank”).
