BUSINESS LOAN AGREEMENTBusiness Loan Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas
THIS BUSINESS LOAN AGREEMENT dated August 5, 2017, is made and executed between XPEL Technologies Corp. ("Borrower") and THE BANK OF SAN ANTONIO ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at ail times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas
DESCRIPTION OF EXISTING INDEBTEDNESS. Promissory Note executed by Borrower in the original principal amount of $150,000.00 dated March 28, 2011, as amended from time to time, including most recently by Promissory Note executed by Borrower and Lender dated August 5, 2017.
Distribution AgreementDistribution Agreement • May 30th, 2019 • XPEL, Inc. • Coating, engraving & allied services • Texas
XPEL, INC., a corporation incorporated under the laws of Nevada with its principal place of business at 618 W. Sunset Road, San Antonio, Texas 78216, U.S.A.
