LOAN AGREEMENT Dated: As of May 4, 2022 Between Worksport New York Operations Corporation as (“Borrower”) and NORTHEAST BANK as (“Lender”) $5,300,000.00 TERM LOANLoan Agreement • March 28th, 2024 • Worksport LTD • Motor vehicle parts & accessories • New York
Borrower shall at all times provide and maintain the following insurance coverages with respect to the Property and the Collateral issued by companies qualified to do business in the State of New York or other applicable jurisdictions, having a Best’s Rating of not less than A and otherwise acceptable to Lender in its sole discretion:
