COLLATERAL ASSIGNMENT OF PURCHASE AGREEMENTCollateral Assignment of Purchase Agreement • November 2nd, 2017 • Air T Inc • Air courier services
This Collateral Assignment of Purchase Agreement (this “Assignment”), dated as of October 27, 2017, is made by AIRCO 1, LLC, a Delaware limited liability company (“Borrower”), in favor of MINNESOTA BANK & TRUST, a Minnesota banking corporation (the “Lender”).
TERM NOTETerm Note • November 2nd, 2017 • Air T Inc • Air courier services
FOR VALUE RECEIVED, AIRCO 1, LLC, a Delaware limited liability company (“Borrower”) promises to pay to the order of MINNESOTA BANK & TRUST, a Minnesota state banking corporation (“Lender”) or its assigns, at Lender’s offices located at 7701 France Avenue South, Suite 110, Edina, Minnesota 55435, or such other place as may be designated from time to time by the holder hereof, in lawful money of the United States of America, the principal sum of THREE MILLION FOUR HUNDRED FORTY ONE THOUSAND AND NO/100THS DOLLARS ($3,441,000), together with interest thereon as hereinafter provided.
LOAN AGREEMENT Dated as of October 27, 2017 BETWEEN AIRCO 1, LLC, as the Borrower AND MINNESOTA BANK & TRUST, as the LenderLoan Agreement • November 2nd, 2017 • Air T Inc • Air courier services • Minnesota
This LOAN AGREEMENT dated as of October 27, 2017 (this “Agreement”), is entered into by and between AIRCO 1, LLC, a Delaware limited liability company (the “Borrower”), and MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Lender”).
ASSIGNMENT AND AGREEMENT REGARDING CONSIGNMENT AGREEMENTAssignment and Agreement Regarding Consignment Agreement • November 2nd, 2017 • Air T Inc • Air courier services
THIS ASSIGNMENT AND AGREEMENT is made and executed by and among AIRCO, LLC, a North Carolina limited liability company (“Consignee”), MINNESOTA BANK & TRUST, a Minnesota state banking corporation (“Lender”) and AIRCO 1, LLC, a Delaware limited liability company (“Borrower”) as of October 27, 2017.
