Addendum to Loan AgreementLoan Agreement • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
As of July 16, 2012, the loan agreement associated with Loan # 9660933120/00005 in the original amount of $1,500,000, dated April 17, 2012 by and between BRANCH BANKING AND TRUST COMPANY (“Bank”) and Southeast Power Corporation, a State of Florida corporation (“Borrower”), having its executive office at Melbourne, Florida is hereby amended as follows:
INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT) Transaction Number 1956832Installment Sale Contract (Security Agreement) • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Tennessee
Subject to the Terms and Conditions set forth below of this Installment Sales Contract (Security Agreement) (this “Contract”), Seller hereby sells the equipment described below (the “Unit” or “Units”) to Purchaser, and Purchaser (if more than one, jointly and severally), having been offered both a cash sale price and a time sale price, hereby buys the Units from Seller on a time sale basis.
GUARANTY OF PAYMENT - INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT)Guaranty of Payment - Installment Sale Contract (Security Agreement) • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction • Tennessee
THIS GUARANTY (“Guaranty”) is made and entered into by THE GOLDFIELD CORPORATION, 1684 W. Hibiscus Blvd., Melbourne, FL 32901 (hereinafter, referred to as “Guarantor”), in favor of RING POWER CORPORATION, 500 World Commerce Parkway, St. Augustine, FL 32092 (hereinafter referred to as “Seller”), guaranteeing the Indebtedness (as hereinafter defined) of SOUTHEAST POWER CORPORATION (hereinafter referred to as “Obligor”).
Addendum to Loan AgreementLoan Agreement • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
As of July 16, 2012, the loan agreement associated with Loan # 9660933120-00004 in the original amount of $6,940,000, dated February 22, 2011 by and between BRANCH BANKING AND TRUST COMPANY (“Bank”) and Southeast Power Corporation, a State of Florida corporation (“Borrower”), having its executive office at Melbourne, Florida is hereby amended as follows:
AMENDMENT TO INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT)Installment Sale Contract (Security Agreement) • July 20th, 2012 • Goldfield Corp • Water, sewer, pipeline, comm & power line construction
This AMENDMENT TO INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT) (this “Amendment”) dated as of July 16, 2012 is by and between RING POWER CORPORATION (“Seller”) and SOUTHEAST POWER CORPORATION (“Purchaser”).
