BUSINESS LOAN AGREEMENTBusiness Loan Agreement • February 22nd, 2005 • Vertical Health Solutions Inc • Wholesale-medical, dental & hospital equipment & supplies • Florida
THIS BUSINESS LOAN AGREEMENT dated February 10, 2005, is made and executed between Vertical Health Solutions, Inc. (“Borrower”) and Patriot Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). 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 remain subject to the terms and conditions of this Agreement.
COMMERCIAL SECURITY AGREEMENT References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing “***” has been omitted due to text length limitations.Commercial Security Agreement • February 22nd, 2005 • Vertical Health Solutions Inc • Wholesale-medical, dental & hospital equipment & supplies • Florida
THIS COMMERCIAL SECURITY AGREEMENT dated February 10, 2005, is made and executed between Vertical Health Solutions, Inc. (“Grantor”) and Patriot Bank (“Lender”).
