LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 9th, 2020 • Polar Power, Inc. • Miscellaneous electrical machinery, equipment & supplies • California
This LOAN AND SECURITY AGREEMENT is entered into as of August 31, 2020 between PINNACLE BANK, a California corporation (Lender), with an office located at 18181 Butterfield Blvd, Ste. 135, Morgan Hill, CA 95037 and POLAR POWER, INC., a Delaware corporation (Borrower), with its chief executive office located at 249 E. Gardena Blvd., Gardena, CA 90248.
FIRST MODIFICATION TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 9th, 2020 • Polar Power, Inc. • Miscellaneous electrical machinery, equipment & supplies
This First Modification to Loan and Security Agreement (this M odification) is entered into by and between POLAR POWER, INC., a Delaware corporation ( Borrower), and PINNACLE BANK, a California corporation (Lender), as of this 7th day of October, 2020 at San Jose, California.
