Line of Credit Agreement between Jacob Varon and First Street Surgical Center, LP dated June 1, 2006
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Summary
This agreement is between Jacob Varon and First Street Surgical Center, LP, dated June 1, 2006. Jacob Varon provides a line of credit up to $700,000 to First Street Surgical Center, LP. The center agrees to repay the borrowed funds as they become available, with interest accruing annually at 6% on any outstanding balance. The full amount, including any unpaid interest, must be repaid by the maturity date of May 31, 2011.
EX-4.8 23 v218781_ex4-8.htm
June 1, 2006
This is a line of credit agreement between Jacob Varon and First Street Surgical Center, LP. The date of the line is June 1, 2006 for an available amount of $700,000. First Street agrees to repay the loan as funds become available. Interest is to be charged/accrued/paid annually at 6.00% on the outstanding amount until the line is fully paid. ,Any outstanding balance will be due immediately upon maturity on May 31, 2011.
| /s/ Jacob Varon | /s/Tony Rotondo | |
| Jacob Varon | | General Partner — First Surgical Partners, LLC |
