LOAN AGREEMENT dated as of December 13, 2012 among STELLARIS LLC and Q3 CONTRACTING, INC. jointly and severally, as Borrower and RBS ASSET FINANCE, INC., as LenderLoan Agreement • December 18th, 2012 • Primoris Services Corp • Water, sewer, pipeline, comm & power line construction
THIS LOAN AGREEMENT (this “Agreement”) dated as of December 13, 2012 among STELLARIS, a Nevada limited liability company (together with its successors and assigns, “Stellaris”) and Q3 CONTRACTING, INC. (together with it succesors and assigns, “Q3”; Stellaris and Q3, jointly and severally, “Borrower”), and RBS ASSET FINANCE, INC., a New York corporation (together with its successors and assigns, “Lender”).
GUARANTYGuaranty • December 18th, 2012 • Primoris Services Corp • Water, sewer, pipeline, comm & power line construction • New York
THIS GUARANTY (this “Guaranty”) is made as of December 13, 2012 by PRIMORIS SERVICES CORPORATION (“Guarantor”) in favor of RBS ASSET FINANCE, INC. (“Lender”).
NOTELoan Note • December 18th, 2012 • Primoris Services Corp • Water, sewer, pipeline, comm & power line construction
FOR VALUE RECEIVED, the undersigned, STELLARIS LLC (“Stellaris”), and Q3 CONTRACTING, INC. (“Q3”, Stellaris and Q3, jointly and severally, “Borrower”) unconditionally promise to pay to the order of RBS ASSET FINANCE, INC. (“Lender”) the principal sum of Eleven Million Six-Hundred Fifty Thousand and 00/100 DOLLARS ($11,650,000.00), 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 13, 2012 (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, 2020, 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 prin
