COMMERCIAL SECURITY AGREEMENTSecurity Agreement • June 2nd, 2022 • Charge Enterprises, Inc. • Telegraph & other message communications • New Jersey
Grantor: BW Electrical Services, LLC 209 Homestead Road, Unit 2 Hillsborough, NJ 08844 Lender: Team Capital Bank Flemington Office (908) 782-3720 110 Main Street Flemington, NJ 08822
MODIFICATION OF PROMISSORY NOTE ANDLoan Agreement • June 2nd, 2022 • Charge Enterprises, Inc. • Telegraph & other message communications • New Jersey
This Modification of Promissory Note and Loan Agreement (this “Modification”) is made effective as of the 26th day of May, 2022 by and between PROVIDENT BANK (successor-in-interest to Team Capital) located at 10 Woodbridge Center Drive, Woodbridge, New Jersey 07095 (the “Lender”), and B W ELECTRICAL SERVICES LLC, a New Jersey limited liability company, located at 239 Homestead Road, Suite 2, Hillsborough, NJ, 08844-1913 (the “Borrower”).
BUSINESS LOAN AGREEMENTLoan Agreement • June 2nd, 2022 • Charge Enterprises, Inc. • Telegraph & other message communications • New Jersey
THIS BUSINESS LOAN AGREEMENT dated June 19, 2007, is made and executed between BW Electrical Services, LLC ("Borrower") and Team Capital Bank ("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 ("Loan"). 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 all 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.
