Exhibit



Exhibit 10-1





FIRST AMENDMENT TO
MASTER LOAN AGREEMENT DATED MAY 24, 2018


THIS FIRST AMENDMENT TO MASTER LOAN AGREEMENT dated May 24, 2018 is made as of March 7, 2019, by and between The Goldfield Corporation, a Delaware corporation, Power Corporation of America, a Florida corporation, Southeast Power Corporation, a Florida corporation, C and C Power Line, Inc. a Florida corporation, Bayswater Development Corporation, a Florida corporation, Precision Foundations, Inc. a Florida corporation and Pineapple House of Brevard, Inc., a Florida corporation (either “Borrower” or collectively “Guarantors” as set forth in Exhibit “A”), and Branch Banking and Trust Company (“Lender”).


RECITALS


		
	1.
	Borrower previously received certain loans from Lender as set forth in Exhibit “A” (“Prior Loans”) and is receiving two new loans from Lender of even date (“New Loans”) as set forth in Exhibit “A” (the “Prior Loans” and “New Loans” shall be collectively hereinafter referred to as the “Loans”); and,




		
	2.
	The Loans are subject to and governed by the terms of the Agreement.




Now, therefore, in consideration of the premises, and in further consideration of the mutual covenants and agreements herein set forth and of the sum of Ten Dollars ($10.00) paid by each party to the other, receipt of which is hereby acknowledged, the parties covenant and agree as follows:
		
	1.
	The foregoing recitals are true and correct and incorporated herein by reference.




		
	2.
	The Loans are subject to and governed by the terms of the Agreement.




		
	3.
	This Amendment shall bind and inure to the benefit of the parties hereto and each of


 them and their respective successors and assigns.


		
	4.
	Except as amended herein, the Agreement remains in full force and effect.




{SIGNATURES ON FOLLOWING PAGES}












	
			
	Witnesses:
	 
	 

	 
	 
	 

	 
	 
	The Goldfield Corporation, a Delaware corporation

	 /s/ Melissa A. Munson
	 
	

By:  /s/ Stephen R. Wherry 

	Print Name: Melissa A. Munson
	 
	Stephen R. Wherry, Senior Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 






	
			
	 
	 
	Southeast Power Corporation, a Florida corporation

	/s/ Melissa A. Munson
	 
	By: /s/ Stephen R. Wherry

	Print Name: Melissa A. Munson
	 
	Stephen R. Wherry, Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 

	 
	 
	Pineapple House of Brevard, Inc., a Florida corporation

	/s/ Melissa A. Munson
	 
	By:  /s/ Stephen R. Wherry

	Print Name: Melissa A. Munson
	 
	Stephen R. Wherry, Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 

	 
	 
	Bayswater Development Corporation, a Florida corporation

	/s/ Melissa A. Munson
	 
	By: /s/ Stephen R. Wherry

	Print Name: Melissa A. Munson
	 
	Stephen R. Wherry, Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 












	
			
	Witnesses:
	 
	 

	 
	 
	 

	 
	 
	Power Corporation of America, a Florida corporation

	/s/ Melissa A. Munson
	 
	By: /s/ Stephen R. Wherry 

	Print Name: Melissa A. Munson
	 
	Stephen R. Wherry, Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 

	 
	 
	 

	 
	 
	C and C Power Line, Inc., a Florida corporation

	/s/ Melissa A. Munson
	 
	 

	Print Name: Melissa A. Munson
	 
	By:  /s/ Stephen R. Wherry

	 
	 
	Stephen R. Wherry, Authorized Signer

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 






	
			
	 
	 
	Precision Foundations, Inc., a Florida corporation

	/s/ Melissa A. Munson
	 
	 

	Print Name: Melissa A. Munson
	 
	By: /s/ Stephen R. Wherry 

	 
	 
	Stephen R. Wherry, Vice President

	/s/ Barry Forbes
	 
	 

	Print Name: Barry Forbes
	 
	 






	
			
	 
	 
	 

	 
	 
	Branch Banking and Trust Company

	/s/ Melissa A. Munson
	 
	By: /s/ Barry Forbes 

	Print Name: Melissa A. Munson
	 
	Barry Forbes, Senior Vice President

	/s/ Denise L. Diaz
	 
	 

	Print Name: Denise L. Diaz
	 
	 














Exhibit “A”
“Currently Outstanding Prior Loans”




The Goldfield Corporation:
Loan Number -- 9660933082




	
				
	Notes
	Original Amount
	Date Opened
	Guarantors

	2
	$18,000,000.00
	May 24, 2018
	Southeast Power Corporation, Pineapple House of Brevard, Inc., Bayswater Development Corporation and Power Corporation of America, C and C Power Line, Inc., and Precision Foundations, Inc.

Revolving

	5
	$27,490,000.00
	May 24, 2018
	Southeast Power Corporation, Pineapple House of Brevard, Inc., Bayswater Development Corporation, Power Corporation of America, C and C Power Line, Inc., and Precision Foundations, Inc.

Non-Revolving












“New Loans”






The Goldfield Corporation:
Loan Number -- 9660933082




	
				
	“New Loan”

90016
	$4,500,000.00
	March 7, 2019
	


Southeast Power Corporation, Pineapple House of Brevard, Inc., Bayswater Development Corporation, Power Corporation of America, C and C Power Line, Inc., and Precision Foundations, Inc.

Non-Revolving

	“New Loan”

90014
	$38,224,000.00
	March 7, 2019
	


Southeast Power Corporation, Pineapple House of Brevard, Inc., Bayswater Development Corporation, Power Corporation of America, C and C Power Line, Inc., and Precision Foundations, Inc.

Note:  Modification and future advance of Note 5 listed above.

Non-Revolving