BUSINESS LOAN AGREEMENT
THIS BUSINESS LOAN AGREEMENT dated April 1, 2010, is made and executed between
Wyoming Financial Lenders, Inc. (“Borrower) and WERCS (“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 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.
TERM. This Agreement shall be effective as of April 1,2010, and shall continue in full force and effect until
such time as all of Borrower’s Loans in favor of Lender have been paid in full, including principal, interest,
costs, expenses, attorneys’ fees, and other fees and charges, or until such time as the parties may agree in
writing to terminate this Agreement.
ADVANCE AUTHORITY. The following person or persons are authorized to request advances and
authorize payments under the line of credit until Lender receives from Borrower, at Lender’s address shown
above, written notice of revocation of such authority: John Quandahl, President of Wyoming Financial
Lenders, Inc.; Rich Horner, Treasurer of Wyoming Financial Lenders, Inc.; and Ted Dunham,
Secretary of Wyoming Financial Lenders, Inc.
CONDITIONS PRECEDENT TO EACH ADVANCE. Lender’s obligation to make the initial
Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender’s
satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.
Loan Documents. Borrowe