LETTER LOAN AGREEMENT October 31, 2007Letter Loan Agreement • November 14th, 2007 • American Electric Technologies Inc • Sheet metal work • Texas
The undersigned, AMERICAN ELECTRIC TECHNOLOGIES, INC. (“Borrower”), a corporation duly organized, validly existing and in good standing under the laws of the State of Florida, has requested that JPMORGAN CHASE BANK, N.A., a national association (“Lender”), lend to Borrower the funds provided herein. Lender has advised Borrower that Lender is willing to lend such funds to Borrower upon the terms and subject to the conditions set forth in this letter loan agreement (the “Agreement”). Terms not defined herein have the meanings assigned to them in Exhibit A attached hereto. In consideration for the above premises and the mutual promises and covenants herein contained Borrower and Lender do hereby agree as follows:
