LOAN AGREEMENT dated as of December 29, 2010 between STELLARIS LLC, as Borrower and RBS ASSET FINANCE, INC., as LenderLoan Agreement • January 6th, 2011 • Primoris Services CORP • Water, sewer, pipeline, comm & power line construction
THIS LOAN AGREEMENT (this “Agreement”) dated as of December 29, 2010 between STELLARIS, a Nevada limited liability company (together with its successors and assigns, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”).
GUARANTYGuaranty • January 6th, 2011 • Primoris Services CORP • Water, sewer, pipeline, comm & power line construction • New York
THIS GUARANTY (this “Guaranty”) is made as of December 29, 2010 by Primoris Services Corporation (“Guarantor”) in favor of RBS ASSET FINANCE, INC. (“Lender”).
NOTELoan Agreement • January 6th, 2011 • Primoris Services CORP • Water, sewer, pipeline, comm & power line construction
FOR VALUE RECEIVED, the undersigned, STELLARIS LLC (“Borrower”), unconditionally promises to pay to the order of RBS ASSET FINANCE, INC. (“Lender”) the principal sum of Seven Million Five-Hundred Thousand and 00/100 DOLLARS ($7,500,000.00), which is the Original Principal Amount of the Loan made by Lender on the date hereof pursuant to that certain Loan Agreement dated as of December 29, 2010 (together with any and all amendments or supplements thereto, the “Loan Agreement”) between Borrower and Lender. Principal shall be payable on each Payment Date in installments as set forth on Schedule A hereto, with a final installment (in the amount necessary to pay in full this Note) due and payable on January 1, 2018, which is the Stated Maturity Date for this Note and the related Loan, or earlier upon acceleration pursuant to the Loan Agreement. Borrower also promises to pay interest on the unpaid principal amount hereof from the date hereof, which is the Closing Date for this Note and the re
COLLATERAL SCHEDULE NO. 1Collateral Schedule • January 6th, 2011 • Primoris Services CORP • Water, sewer, pipeline, comm & power line construction
This Collateral Schedule No. 1 dated as of December 29, 2010 (this “Collateral Schedule”) is between Stellaris LLC, a Nevada limited liability company (together with its successors and assigns, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”), and is executed in connection with the Loan Agreement dated as of December 29, 2010 (the “Loan Agreement”) between Borrower and Lender and the Note dated as of December 29, 2010 (the “Related Note”) executed by Borrower in favor of Lender, to which this Collateral Schedule is attached. Capitalized terms used in this Collateral Schedule but not defined herein shall have the meaning ascribed to such terms in the Loan Agreement.
