Management CONSULTING ½ INVESTMENT BankingLetter Agreement • October 26th, 2017 • Protea Biosciences Group, Inc. • Pharmaceutical preparations • Pennsylvania
SECURITY AGREEMENTSecurity Agreement • October 26th, 2017 • Protea Biosciences Group, Inc. • Pharmaceutical preparations • West Virginia
THIS SECURITY AGREEMENT (together with all exhibits and schedules hereto and all extensions, renewals, amendments, substitutions and replacements hereto and hereof, the “Security Agreement”), is entered into and effective as of the ___ day of __________, 2017 (the "Effective Date"), by and between PROTEA BIOSCIENCES, INC., a Delaware corporation having an address at 1311 Pineview Drive, Morgantown, West Virginia 26506 (the "Borrower"), and SUMMIT RESOURCES, INC., a West Virginia corporation, having an address at 303 Middle Collision Road, Mount Lookout, West Virginia 26678, or its successors and/or assigns (the “Lender”).
AGREEMENT OF GUARANTY AND SURETYSHIPAgreement of Guaranty and Suretyship • October 26th, 2017 • Protea Biosciences Group, Inc. • Pharmaceutical preparations • West Virginia
In order to induce SUMMIT RESOURCES, INC., a West Virginia corporation, and its successors and/or assigns (the “Lender”) to make a loan in a principal amount of Two Million Two Hundred Twenty-Six Thousand One Hundred Seventy-Three and 26/100 Dollars ($2,226,173.26) (the “Loan”) to PROTEA BIOSCIENCES, INC., a Delaware corporation (the “Borrower”), the foregoing individuals, being PROTEA BIOSCIENCES GROUP, INC., a Delaware corporation (the “Guarantor”), intending to be legally bound, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, covenants and agrees as follows, intending to be legally bound:
PROMISSORY NOTE AND LOAN AGREEMENTNote and Loan Agreement • October 26th, 2017 • Protea Biosciences Group, Inc. • Pharmaceutical preparations • West Virginia
THIS PROMISSORY NOTE AND LOAN AGREEMENT (this “Note”) is entered into and effective as of the date first set forth above (the “Effective Date”), by and between PROTEA BIOSCIENCES, INC., a Delaware corporation having an address at 1311 Pineview Drive, Morgantown, West Virginia 26506 (the “Borrower”), and SUMMIT RESOURCES, INC., a West Virginia corporation, having an address at 303 Middle Collision Road, Mount Lookout, West Virginia 26678, or its successors and/or assigns (the “Lender”), and is joined and consented to by PROTEA BIOSCIENCES GROUP, INC., a Delaware corporation (the “Guarantor”), for the limited purposes set forth in Sections 2(f), 3(d), (j) and (k) hereof. Borrower and the Lender are sometimes referred to collectively herein as the “Parties”, and each as a “Party”.
STOCK PLEDGE AND SECURITY AGREEMENTStock Pledge and Security Agreement • October 26th, 2017 • Protea Biosciences Group, Inc. • Pharmaceutical preparations
THIS STOCK PLEDGE AND SECURITY AGREEMENT (“Agreement”) is made and entered into this ___ day of October, 2017 (the “Effective Date”), by and among PROTEA BIOSCIENCES GROUP, INC., a Delaware corporation (the “Pledgor”), and SUMMIT RESOURCES, INC., a West Virginia corporation (the “Lender”), and is joined, accepted and executed by PROTEA BIOSCIENCES, INC., a Delaware corporation (the “Company”), for the limited purpose set forth in Section 3, Section 10 and Section 12 hereof.
