COMMERCIAL LOAN AGREEMENTCommercial Loan Agreement • September 10th, 2007 • Bolt Technology Corp • Oil & gas field machinery & equipment • Connecticut
THIS COMMERCIAL LOAN AGREEMENT dated as of May 30, 2007, by and among WEBSTER BANK NATIONAL ASSOCIATION (herein called “Bank”) a national banking association having an office at 145 Bank Street, Waterbury, Connecticut, BOLT TECHNOLOGY CORPORATION (herein called “Borrower”), a Connecticut corporation having its chief executive office and principal place of business at 4 Duke Place, Norwalk, Connecticut and A-G GEOPHYSICAL PRODUCTS, INC., a Texas corporation and wholly owned subsidiary of the Borrower having its chief executive office and principal place of business at 14880 Skinner Road, Cypress, Texas and CUSTOM PRODUCTS CORPORATION, a Connecticut corporation and wholly owned subsidiary of the Borrower having its chief executive office and principal place of business at 457 State Street, North Haven, Connecticut (the “Guarantors” and together with the Borrower, sometimes referred to herein collectively, as the “Obligors”). All references to “Obligors” shall mean Borrower and Guarantors
