ContractLoan Agreement • May 14th, 2020 • Addvantage Technologies Group Inc • Wholesale-durable goods • Oklahoma
LOAN AGREEMENT THIS LOAN AGREEMENT is made and entered into this 10th day of March, 2020, by and between ADDVANTAGE TECHNOLOGIES GROUP, INC., an Oklahoma corporation (the "Borrower"), and VAST BANK, N.A. (the "Lender"). RECITALS A. The Borrower has requested that the Lender make a term loan to the Borrower in the principal amount of $3,474,600. B. The Lender is willing to make the requested loan, but only upon the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the above recitals and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: ARTICLE I DEFINITIONS 1.1 Certain Terms. Unless the context otherwise requires, the following terms used herein shall be construed and controlled by the following definitions: "Affiliate" means, with respect to any Person, any other Person who has a relationship with such Person whereby either such other Person directly or indirectly
