FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT AND CONVERTIBLE SECURED PROMISSORY NOTEBusiness Loan Agreement and Convertible Secured Promissory Note • September 13th, 2010 • Aequitas Management LLC • Electrical work
Contract Type FiledSeptember 13th, 2010 Company IndustryThis First Amendment to Business Loan Agreement and Convertible Secured Promissory Note (this “Amendment”) is entered into and made effective December 23, 2009 (the “First Amendment Effective Date”) by and between EnergyConnect Group, Inc. (“ECGroup”), an Oregon corporation, and EnergyConnect, Inc. (“ECInc”), an Oregon corporation (each, a “Borrower” and collectively, the “Borrowers”), and Aequitas Commercial Finance, LLC, an Oregon limited liability company (“Lender”). Capitalized terms used herein and not otherwise defined shall have the meaning given thereto in the Loan Agreement (as defined below).