LOAN AGREEMENT between FOUNTAIN POWERBOATS, INC., as Borrower, FOUNTAIN POWERBOAT INDUSTRIES, INC., as Parent Guarantor and REGIONS BANK $5,000,000 Credit Facility July 12, 2006Loan Agreement • August 23rd, 2006 • Fountain Powerboat Industries Inc • Ship & boat building & repairing • North Carolina
THIS LOAN AGREEMENT, dated as of July 12, 2006, is made and entered into by and between FOUNTAIN POWERBOATS, INC., a North Carolina corporation with its principal office at 1653 Whichard’s Beach Road, Washington, North Carolina 27889 (the “Borrower”), FOUNTAIN POWERBOAT INDUSTRIES, INC., a Nevada corporation (the “Parent”), and REGIONS BANK, an Alabama chartered bank with offices in Charlotte, North Carolina.
FIRST AMENDMENT TO PLEDGE AGREEMENTPledge Agreement • August 23rd, 2006 • Fountain Powerboat Industries Inc • Ship & boat building & repairing • North Carolina
THIS FIRST AMENDMENT TO PLEDGE AGREEMENT, dated as of the day of July, 2006 (this “First Amendment”), is made and entered into by and between FOUNTAIN POWERBOATS, INC., a North Carolina corporation with its principal office at 1653 Whichard’s Beach Road, Washington, North Carolina 27889 (the “Borrower”), FOUNTAIN POWERBOAT INDUSTRIES, INC., a Nevada corporation (the “Parent”), and REGIONS BANK, an Alabama chartered bank with offices in Charlotte, North Carolina (the “Bank”).
FIRST AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • August 23rd, 2006 • Fountain Powerboat Industries Inc • Ship & boat building & repairing • North Carolina
THIS FIRST AMENDMENT TO SECURITY AGREEMENT, dated as of the day of July, 2006 (this “First Amendment”), is made and entered into by and between FOUNTAIN POWERBOATS, INC., a North Carolina corporation with its principal office at 1653 Whichard’s Beach Road, Washington, North Carolina 27889 (the “Borrower”), FOUNTAIN POWERBOAT INDUSTRIES, INC., a Nevada corporation (the “Parent”), and REGIONS BANK, an Alabama chartered bank with offices in Charlotte, North Carolina (the “Bank”).
FIRST AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FINANCING STATEMENTSecurity Agreement and Financing Statement • August 23rd, 2006 • Fountain Powerboat Industries Inc • Ship & boat building & repairing • North Carolina
THIS FIRST AMENDMENT TO DEED OF TRUST, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FINANCING STATEMENT (this “Amendment”) is made and entered into as of July 12, 2006, by and among FOUNTAIN POWERBOATS, INC., a North Carolina corporation, whose address is 1653 Whichard’s Beach Road, Washington, North Carolina 27889, and whose organizational identification number is 0055124 (hereinafter called “Grantor”), EDMUND HAWES, a resident of North Carolina, whose address is 6805 Morrison Boulevard, Suite 100, Charlotte, North Carolina 28211 (hereinafter called “Trustee”), and REGIONS BANK, an Alabama chartered bank, whose address is 6805 Morrison Boulevard, Suite 100, Charlotte, North Carolina 28211 (hereinafter called “Beneficiary”).
