Document:

Exhibit 10.30

Exhibit 10.30

AMENDMENT TO 

EMPLOYMENT AGREEMENT

This Amendment, dated as of _______ __, 2020 (the "Amendment") is by and between General Cannabis Corp. (the "Company") and Michael Feinsod (the "Employee").

WHEREAS, the Company and the Employee entered into an Employment Agreement dated as of December 8, 2017 and amended August 6, 2019 with respect to Employee's services as Executive Chairman of the Board of Directors of the Company (the "Employment Agreement");

WHEREAS, the Company and the Employee desire to amend the Employment Agreement pursuant to the terms of Section 10(g) of the Employment Agreement; and

WHEREAS, capitalized terms not otherwise defined in this Amendment shall have the meanings set forth in the Employment Agreement.

NOW THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and the Employee agree as follows:

1.

Amendment of Section 3(a).  The Employment Agreement shall be amended to reduce the base salary to $0, such that Section 3(a) of the Employment Agreement shall be amended and restated in its entirety to read as follows:

“Cash Compensation.  The Company shall pay the Executive a base salary of $0 per month, paid on the last day of each calendar month, subject to all applicable employment and income tax withholdings.”

2.

Terms of Agreement; Conflicting Terms.  Except as expressly modified hereby, all terms, conditions and provisions of the Employment Agreement shall continue in full force and effect.  In the event of any inconsistency or conflict between the Employment Agreement and this Amendment, the terms, conditions and provisions of this Amendment shall govern and control.

3.

Governing Law.  This Amendment is to be construed in accordance with and governed by the internal laws of the State of New York without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of New York to the rights and duties of the parties.

4.

Counterparts.  This Amendment may be executed in counterparts, each of which shall be enforceable against the party actually executing such counterpart, and which taken together shall constitute one and the same instrument.

5.

Entire Agreement.  This Amendment and the Employment Agreement constitute the entire and exclusive agreement between the parties with respect to this subject matter.  All previous discussions and agreements with respect to this subject matter are superseded by the Employment Agreement and this Amendment.

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first set forth above.

			
	 
	COMPANY

	 
	 

	 
	General Cannabis Corp.

	 
	 
	 

	 
	By:

	 

	 
	Name:

	 

	 
	Title:

	 

	 
	 
	 

	 
	 

	 
	EMPLOYEE

	 
	 
	 

	 
	 
	 

	 
	Name:

	Michael Feinsodppploanclosingdocumentat

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                                      THIS IS A COPY                                                        BUSINESS  BANKING                        This is a copy view of the Authoritative Copy held                             CLOSING DOCUMENTATION TRANSMITTAL / CHECKLISTby the designated custodian                                                                    Return To:      Borrower:    TECOGEN INC      Guarantor(s)        Transaction: $   1,874,200.00        Term Loan      Collateral:                                                                                                     Existing Customer:                                                                                    ALS #:         4750845009                                                                                    Cust #:       043536131                                                                                    Auto Payment #:                                                                                    Overdraft #:  N/A                                                                                    Closer Name:     Originator:                                        RM#:                        Telephone:     Date:        April 17, 2020                        Branch:                     Cost Center #:   161     You must scan the  COMPLETE NOTE & CHECKLIST TO THE BB MONETARY MAILBOX IMMEDIATELY AFTER CLOSING AND PRIOR TO FUNDING               Required                                                                       Reviewed By               Documents LOAN Documents                                                       Closing Officer               Note               X                      7a Paycheck Protection Program                           Other: Borrower Paycheck Protection Application        Req'd    SBA Documents                                 Rec'd      Req'd                                         Rec'd              WB Approval Document              SBA Lender Checklist                                                 SBA Express ONLY:              SBASupplementalInfoforPLP/SBAExpressLn                               SBAForm1919              Joint PFS (Signed & Dated)                                           SBA Certification              SBA Form 4506              Credit Elsewhere                                                     PLP ONLY:              Personal Resources Memo                                              Lender App for Guaranty              PLP/SBA Approval w/GP#                                               SBA Form 1846              SBA Form 159                                                         SBA Form 4              Signed Authorization                                                 SBA Form 4-1              CertificationofUseofProceeds(workingcapital)                         SBAForm   912              Cash Injection Affidait                                              SBA Form 1624                FEES TO COLLECT and WE WILL Credit to GENERAL  LEDGER                                SBA Packaging Fees      $             SBACOPY Guarantee Fees      $                                 VIEW             UCC-1 Fees & Post UCC-1 Fees*      $                *If not closed by Bank Counsel                     $                                       Re:                     $                                       Re:                     $                                       Re:      LOAN   PROCEEDS     :                                                                  10963300             Debit 100000581895320001anddeposit$                      toCustomerDDAAcct   #             DebitSuspenseGL#100000581895320001for$                           Cutatellercheck for that amount             and make it payable to:                                                                                                Put loan # in ALPHA desc.      FASB      Business Valuation Fee      General Ledger Entries FAS91                    #                                         DR                      CR      100 00 161      6170010001                                                        150.00       FAS91 Compensation Contra      100 00 161      6702030001                                                                     FAS91 Expense Contra      100 00 161      2891180001                            56,226.00                                FAS91 Deferred Fees      100 00 161           5242010001                                                                FAS91 Doc Prep Fee                                                            56,226.00                   150.00                            Deferred Fees                   56,226.00                   150.00       Deferred Expenses     Loan Documents Executed as drawn. By:                                           Bank Officer:     Note sent to Comml Loan Ops:                       Final QC Date:                     Pkg to Comml Loan Ops:                                                                                                                                SBATRANSPPP

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian                                                              U.S. Small Business Administration                                                                        NOTE            SBAU.S Small Business Administration               SBA Loan #                3095287210              SBA Loan Name:               Paycheck Protection Program.             Date:                     4/17/20              Loan Amount:                $ 1,874,200.00              Interest Rate:               1.0% fixed interest rate             Borrower Name             TECOGEN INC             and Address:                                       45 FIRST AVENUE, WALTHAM, MA 02451                                       TECOGEN INC             Operating Company:                 Lender:                               Webster Bank, National Association              1.      PROMISETOPAY:                     In Return for the Loan, Borrower promises to pay to the order of Lender the amount of                 One Million, Eight Hundred Seventy-Four Thousand, Two Hundred and No/100      Dollars,                    interest on the unpaid Principal Balance, and all other amounts required by this Note.             2.      DEFINITIONS:  (to the extent applicable to the subject transaction):                     "Collateral" means any property taken as security for payment of this Note or any guarantee of this Note.                    "Guarantor" means each person or entity that signs a guarantee of payment of this Note.              COPY"Loan" means the loan evidenced by this Note.   VIEW                    "Loan Documents" means the documents related to this loan signed by Borrower, any Guarantor, or                    anyone who pledges collateral.                    "SBA" means the Small Business Administration, an Agency of the United States of America.                                                                                                          Page 1            SBA Form 147 (06/03/02) Version 4.1                                                         SBAPPP1

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian              3.      PAYMENTTERMS:                     Borrower must make all payments at the place Lender designates. The payment terms for this Note are:             (3)     (a) Payments and Interest Rate             Borrower(s) understand it will have a six (6) month repayment deferral period, ("Deferral Period")             which starts on    5/17/2020                    and ends on    10/17/2020                    . Upon expiration of the Deferral Period, Borrower            understands and agrees to pay (18) equal monthly installments of $       104948.47                     . Starting on               11/17/2020   . Borrowerpayments are first applied to interest and then principal owed. If Borrower still            owes any amount under this Note after making its final payment on    4/17/2022                     , Borrower will pay all of             those amounts in full on that date, subject to the forgiveness provision set forth in section (f).               The Interest Rate on this Note shall be calculated on an actual / 365 basis on the unpaid principal balance.                Borrower will make its monthly payments to Webster Bank, N.A. P.O. Box 1809 Hartford, CT  06144-1809 or            a different place if required by Note Holder.               (b) Late Fees: There are no late charges for an overdue payment(s).             (c) Prepayment : Borrower may prepay this loan in whole or part at any time without penalty.             (d)  THIS NOTE IS NOT SECURED AND THERE IS NO PERSONAL GUARANTEE ASSOCIATED            WITH THIS NOTE. BORROWER CERTIFIES THAT THE LOAN PROCEEDS SHALL BE USED TO            MAINTAIN CERTAIN PAYROLL COSTS, COVERED MORTGAGE INTEREST PAYMENTS, LEASE            PAYMENTS, AND UTILITIES.                 (e)  For Borrowers who currently have any additional loans outstanding with Lender, the Paycheck Protection            Program shall not constitute additional debt under any outstanding credit facility with Lender.             (f) Loan Forgiveness. Borrower understands and acknowledges that:              You will owe money when your loan is due if you use the loan proceeds for anything other than payroll costs,            mortgage interest, rent, and utilities payments over the 8 weeks following obtaining the loan proceeds.               It is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.                               COPY                                               VIEW                                                                                                              Page 2             SBA Form 147 (06/03/02)Version 4.1                                                             SBAPPP2

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian             4.   DEFAULT:   (to the extent applicable to the subject transaction)                 Borrower is in default under this Note if Borrower does not make a payment when due under this Note, or if                   Borrower or Operating Company:             A.    Fails to do anything required by this Note and other Loan Documents;            B.    Defaults on any other loan with Lender;            C.    Does not preserve, or account to Lender's satisfaction for, any of the Collateral or its proceeds;            D.    Does not disclose, or anyone acting on their behalf does not disclose, any material fact to Lender or SBA;            E.    Makes, or anyone acting on their behalf makes, a materially false or misleading representation to Lender or SBA;             F.    Defaults on any loan or agreement with another creditor, if Lender believes the default may materially affect                    Borrower's ability to pay this Note;             G.   Fails to pay any taxes when due;             H.   Becomes the subject of a proceeding under any bankruptcy or insolvency law;             I.    Has a receiver or liquidator appointed for any part of their business or property;             J.    Makes an assignment for the benefit of creditors;             K.   Has an adverse change in financial condition or business operation that Lender believes may materially affect                     Borrower's ability to pay this Note;             L.    Reorganizes, merges, consolidates, or otherwise changes ownership or business structure without Lender's                     prior written consent; or             M.   Becomes the subject of a civil or criminal action that Lender believes may materially affect Borrower's ability to                    pay this Note.              5. LENDER'S RIGHTS IF THERE IS A DEFAULT:        (to the extent applicable to the subject transaction).                     Without notice or demand and without giving up any of its rights, Lender may:              A.    Require immediate payment of all amounts owing under this Note;             B.    Collect all amounts owing from any Borrower or Guarantor;             C.    File suit and obtain judgement;             D.    Take possession of any Collateral; or             E.     Sell, lease, or otherwise dispose of, any Collateral at public or private sale, with or without advertisement;              6.   LENDER'S GENERAL POWERS:        (to the extent applicable to the subject transaction)                    Without notice and without Borrower's consent. Lender may:             A.    Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses:             B.    Incur expenses to collect amounts due under this Note, enforce the terms of this Note or any other Loan                    Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments                   for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney's                COPY    fees and costs. If Lender incurs such expenses, it may demand  immediateVIEW repayment from Borrower or add the                    expenses to the principal balance;            C.    Release anyone obligated to pay this Note;            D.    Compromise, release, renew, extend or substitute any of the Collateral; and            E.    Take any action necessary to protect the Collateral or collect amounts owing on this Note.                                                                                                           Page3             SBA Form 147 (06/03/02)Version 4.1                                                          SBAPPP3

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian               7.     WHEN FEDERAL LAW APPLIES:                                          When SBA is the holder, this Note will be interpreted and enforced under federal law, including SBA regulations.                     Lender or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing                     liens, and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local                      control, penalty, tax, or liability. As to this Note, Borrower may not claim or assert against SBA any local or state                      law to deny any obligation, defeat any claim of SBA, or preempt federal law.              8.     SUCCESSORS AND ASSIGNS:                      Under this Note, Borrower and Operating Company include the successors of each, and Lender includes its                      successors and assigns.               9.  GENERAL PROVISIONS:     (to the extent applicable to the subject transaction)                      A.     All individuals and entities signing this Note are jointly and severally liable.                     B.     Borrower waives all suretyship defenses.                     C.     Borrower must sign all documents necessary at any time to comply with the Loan Documents and to enable                             Lender to acquire, perfect, or maintain Lender's liens on Collateral.                     D.    Lender may exercise any of its rights separately or together, as many times and in any order it chooses. Lender                            may delay or forgo enforcing any of its rights without giving up any of them.                     E.    Borrower may not use an oral statement of Lender or SBA to contradict or alter the written terms of this Note.                     F.    If any part of this Note is unenforceable, all other parts remain in effect.                     G.   To the extent allowed by law, Borrower waives all demands and notices in connection with this Note, including                            presentment, demand, protest, and notice of dishonor. Borrower also waives any defenses based upon any claim                            that Lender did not obtain any guarantee; did not obtain, perfect, or maintain a lien upon Collateral; impaired                      Collateral; or did not obtain the fair market value of Collateral at a sale.              COPY VIEW                                                                                                       Page 4             SBA Form 147 (06/03/02)Version 4.1                                                      SBAPPP4

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian          10. Giving of Notices: Any notice that must be given to Borrower under this Note will be given by delivering it or by             mailing it by first class mail addressed to Borrower at the address above. A notice will be delivered or mailed to             Borrower at a different address if Borrower gives the Note Holder a notice of a different address. Any notice that             must be given to the Note Holder under this Note will be given by mailing it by first class mail addressed to the             Note Holder at the address stated in Section 3 above. A notice will be mailed to the Note Holder at a different             address if Borrower is given a notice of that different address.          11.  GOVERNING LAW:     Borrower understands and agrees that Lender is a national bank headquartered in             Connecticut, Lender's decision to make (or not make) any Loan to Borrower occurs in Connecticut, and the Loan             will be disbursed by Lender from Connecticut. Consequently, the provisions of this Agreement will be governed             by federal law and (to the extent not preempted by federal law) the laws of the State of Connecticut, without             regard to conflict of law rules.         12.  Changes to Agreement: Except as otherwise indicated in this Agreement, no term or provision of this Agreement             may be changed unless agreed to in writing by both Lender and Borrower.          13.  Communicating with Borrower: To the extent permitted by applicable law, and without limiting any other rights             you may have, Borrower expressly consents and authorizes Lender, and its affiliates or agents, and any subsequent             holder or servicer of the Loan to communicate with it, in connection with the Application or the Loan, and in             connection with all other current or future loans, using any phone number or email address that Borrower provided             in the Application, or using any phone number or email address that Borrower provides in the future. Lender, and             its affiliates or agents, and any subsequent holder or servicer of the Loan, may communicate with Borrower using             any current or future means of communication, including, but not limited to, automated telephone dialing             equipment, artificial or pre-recorded voice messages, SMS text messages, email directed to me at a mobile             telephone service, or email otherwise directed to me, for any purpose other than telemarketing communications.             BORROWER AUTHORIZES THE USE OF SUCH MEANS OF COMMUNICATION EVEN IF BORROWER             WILL INCUR COSTS TO RECEIVE SUCH PHONE MESSAGES, TEXT MESSAGES, OR EMAILS.         14. Electronic Signatures and Records.  If Borrower executed this Agreement using an electronic signature,            Borrower intends: (i) the electronic signature to be an electronic signature under applicable federal and state            law, (ii) to conduct business with the Lender using electronic records and electronic signatures.  If Borrower            has signed this Agreement on paper and scanned the signed Agreement for electronic transmission and            delivery to Lender (via facsimile, electronic mail or otherwise), then Borrower has consented to the use of            electronic signatures and records in connection with this Agreement, and the provisions of this paragraph            apply.  Borrower agrees that this Agreement, any printout of Lender's electronic record of this Agreement and            related notices to be an original document any related document or notice, and any related signature may not            be denied legal effect or enforceability solely because the record or signature is in electronic form.  Any            transfer of the obligations of this Agreement set forth herein will be subject to Article 9 of the Uniform            CommercialCOPY Code.                                  VIEW        15. COMMUNICATIONS UNDER THE FEDERAL BANKRUPTCY CODE                  . Any communication with you            required or permitted under the Federal Bankruptcy Code must be in writing, must include my account number and            must be sent to Webster Bank, N.A. PO Box 30, Waterbury CT 06720-0030.         16. Severability. If any provision of this Agreement is held invalid or unenforceable by a court having jurisdiction, the            remaining provisions of this Agreement shall not be affected, and this Agreement shall be construed as if such            invalid or unenforceable provisions had not been included in this Agreement.                                                                                                        Page 5             SBA Form 147 (06/03/02)Version 4.1                                                       SBAPPP5

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian           By signing below, each individual or entity becomes obligated under this Note as Borrower.                        By: BENJAMIN    LOCKE                                   By:                      Name:  TECOGEN INC                                      Name:  TECOGEN INC                     Title: CEO                                               Title:                      Date: April 17, 2020 4/17/2020 | 8:58 AM PDT            Date: April 17, 2020               COPY VIEW                                                                                                        Page 6             SBA Form 147 (06/03/02)Version 4.1                                                       SBAPPP6

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian                                                                                         OMB Control No.: 3245-0407                                                                                         Expiration Date: 09/30/2020                                                Paycheck Protection Program                          Lender Application Form - Paycheck Protection Program Loan Guaranty       The purpose of this form is to collect identifying information about the Lender, the Applicant, the loan guaranty request, sources and      uses of funds, the proposed structure (which includes pricing and the loan term), and compliance with SBA Loan Program      Requirements. This form reflects the data fields that will be collected electronically from lenders; no paper version of this form is      required or permitted to be submitted. As used in this application, "Paycheck Protection Program Rule" refers to the rules in effect at      the time you submit this application that have been issued by the Small Business Administration (SBA) implementing the Paycheck      Protection Program under Division A, Title I of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).       Instructions for Lenders      All Paycheck Protection Program (PPP) loans are processed by all Lenders under delegated authority from SBA. This application      must be submitted and signed electronically in accordance with program requirements, and the information requested is to be retained      in the Lender's loan file.       A. Lender Information       Lender Name: Webster Bank, National Association                    Lender Location ID: 15940      Address: 200 Executive Blvd.- Mail stop SO105City:       Southington       State: CT             Zip: 06489      Lender Contact:Matthew Cammarota             Ph: (203) 271-7288            Cell or Ext:      Contact Email: MCammarota@WebsterBank.com                   Title: Director Bank Operations       B. Applicant Information           Check One:   Sole Proprietor   Partnership   C-Corp     S-Corp     LLC     Independent contractor                         Eligible self-employed individual 501(c)(3) nonprofit 501(c)(19) veterans organization                         Tribal business (sec. 31(b)(2)(C) of Small Business Act) Other              Applicant Legal Name:  TECOGEN INC             DBA:                                                   Business Tax ID:  04-3536131                                45 FIRST AVENUE        Applicant Applicant Address:             City, State, Zip:  WALTHAM, MA 02451             Applicant Primary Contact:BONNIE J BROWN               Phone:      339-793-1676       C. Loan Structure Information       AmountofLoanRequest: $1,874,200.00     Guarantee%: 100%   LoanTermin#ofMonths: 24     Payment: Deffered 6 mos      Applicant must provide documentation to Lender supporting how the loan amount was calculated in accordance with the Paycheck      Protection Program Rule and the CARES Act, and Lender must retain all such supporting documentation in Lender's file.      Interest Rate:     1%       D. Loan Amount Information      Average Monthly Payroll multiplied by 2.5                                         $      Refinance of Eligible Economic Injury Disaster Loan, net of Advance               $      (if Applicable; see Paycheck Protection Program Rule)      Total   COPY VIEW$      E. General Eligibility (If the answer is no to either, the loan cannot be approved )        .  The Applicant has certified to the Lender that (1) it was in operation on February 15, 2020 and had          employees for whom the Applicant paid salaries and payroll taxes or paid independent contractors, as          reported on Form(s) 1099- MISC, (2) current economic uncertainty makes this loan request necessary to Yes         No          support the ongoing operations of the Applicant, (3) the funds will be used to retain workers and          maintain payroll or make mortgage interest payments, lease payments, and utility payments, and (4) the          Applicant has not received another Paycheck Protection Program loan.       .   The Applicant has certified to the Lender that it (1) is an independent contractor, eligible self-employed          individual, or sole proprietor or (2) employs no more than the greater of 500 or employees or, if Yes         No          applicable, meets the size standard in number of employees established by the SBA in 13 C.F.R. 121.201          for the Applicant's industry.      F. Applicant Certification of Eligibility (If not true, the loan cannot be approved)     .    The Applicant has certified to the Lender that the Applicant is eligible under the Paycheck Protection Program Rule.   True      G. Franchise/License/Jobber/Membership or Similar Agreement (If applicable and no, the loan cannot be approved)         The Applicant has represented to the Lender that it is a franchise that is listed in the SBA's Franchise     .                                                                                                   Yes         No         Directory.        SBA Form 2484 (Revised 04/20)                                                                             PPPAPP1                                                                                                                4/2020

 

DocuSign Envelope ID: C730F4BB-CE88-4870-BBC6-EB7BE7FCFAC6                           THIS IS A COPY                                                                                      This is a copy view of the Authoritative Copy held                                                                                      by the designated custodian      H. Character Determination     (If no, the loan cannot be approved)        .  The Applicant has represented to the Lender that neither the Applicant (if an individual) nor any Yes No          individual owning 20% or more of the equity of the Applicant is subject to an indictment, criminal          information, arraignment, or other means by which formal criminal charges are brought in any          jurisdiction, or is presently incarcerated, or on probation or parole.       .  The Applicant has represented to the Lender that neither the Applicant (if an individual) nor any          individual owning 20% or more of the equity of the Applicant has within the last 5 years, for any felony: Yes No          1) been convicted; 2) pleaded guilty; 3) pleaded nolo contendere; 4) been placed on pretrial diversion; or          5) been placed on any form of parole or probation (including probation before judgment).      I. Prior Loss to Government/Delinquent Federal Debt       (If no, the loan cannot be approved)       .  The Applicant has certified to the Lender that neither the Applicant nor any owner (as defined in the          Applicant's SBA Form 2483) is presently suspended, debarred, proposed for debarment, declared Yes   No          ineligible, voluntarily excluded from participation in this transaction by any Federal department or          agency, or presently involved in any bankruptcy.           The Applicant has certified to the Lender that neither the Applicant nor any of its owners, nor any       .  business owned or controlled by any of them, ever obtained a direct or guaranteed loan from SBA or Yes No          any other Federal agency that is currently delinquent or has defaulted in the last 7 years and caused a          loss to the government.       J. U.S. Employees (If no, the loan cannot be approved)       .  The Applicant has certified that the principal place of residence for all employees included in the Yes No          Applicant's payroll calculation is the United States.      K. Fees (If yes, Lender may not pass any agent fee through to the Applicant or offset or pay the fee with the proceeds     of this loan)       .  Is the Lender using a third party to assist in the preparation of the loan application or application Yes No          materials, or to perform other services in connection with this loan?                     SBA Certification to Financial Institution under Right to Financial Privacy Act                                                      (12 U.S.C. 3401)     By signing SBA Form 2483, Borrower Information Form in connection with this application for an SBA-guaranteed loan, the     Applicant certifies that it has read the Statements Required by Law and Executive Orders, which is attached to Form 2483. As such,     SBA certifies that it has complied with the applicable provisions of the Right to Financial Privacy Act of 1978 (12 U.S.C. 3401) and,     pursuant to that Act, no further certification is required for subsequent access by SBA to financial records of the Applicant/Borrower     during the term of the loan guaranty.                                                    Lender Certification     On behalf of the Lender, I certify that:         .  The Lender has complied with the applicable lender obligations set forth in paragraphs 3.b(i)-(iii) of the Paycheck Protection          Program Rule.       .  The Lender has obtained and reviewed the required application (including documents demonstrating qualifying payroll          amounts) of the Applicant and will retain copies of such documents in the Applicant's loan file.      I certify that:        .  Neither the undersigned Authorized Lender Official, nor such individual's spouse or children, has a financial interest in the          Applicant.COPY VIEW                                                                                 4/17/20       Authorized Lender Official:                                              Date:          Matthew Cammarota                                                      Director Bank Operations        Type or Print Name:                                                      Title:           NOTE: According to the Paperwork Reduction Act, you are not required to respond to this collection of information unless          it displays a currently valid OMB Control Number. The estimated burden for completing this form, including time for          reviewing instructions, gathering data needed, and completing and reviewing the form is 25 minutes per response.          Comments or questions on the burden estimates should be sent to U.S. Small Business Administration, Director, Records          Management Division, 409 3rd St., SW, Washington DC 20416, and/or SBA Desk Officer, Office of Management and          Budget, New Executive Office Building, Rm. 10202, Washington DC 20503. PLEASE DO NOT SEND FORMS TO          THESE ADDRESSES.                                                                                                       PPPAPP2                                                                                                      4/2020      SBA Form 2484 (Revised 04/20)

 

Certificate Of Completion Envelope Id: C730F4BBCE884870BBC6EB7BE7FCFAC6                                                            Status: Completed Subject: Electronic Signature requested by Webster Bank for PPP Loan Last4DigAppID: 5009 PrimBwrLastName: TECOGEN INC Source Envelope:  Document Pages: 9                                   Signatures: 1                                        Envelope Originator:  Certificate Pages: 2                                Initials: 0                                          Nancy Reilly AutoNav: Enabled                                                                                         200 Executive Blvd. EnvelopeId Stamping: Enabled                                                                             Southington, CT  06489 Time Zone: (UTC-05:00) Eastern Time (US & Canada)                                                        nreilly@websterbank.com                                                                                                          IP Address: 163.116.135.113  Record Tracking Status: Original                                    Holder: Nancy Reilly                                 Location: DocuSign              4/17/2020 11:47:32 AM                               nreilly@websterbank.com Status: Authoritative Copy (1 of 1 documents)       Holder: Nancy Reilly                                 Location: DocuSign              4/17/2020 11:58:03 AM                               nreilly@websterbank.com  Signer Events                                       Signature                                            Timestamp Benjamin Locke                                                                                           Sent: 4/17/2020 11:50:20 AM benjamin.locke@tecogen.com                                                                               Viewed: 4/17/2020 11:52:11 AM  Security Level: Email, Account Authentication                                                            Signed: 4/17/2020 11:58:02 AM (None)                                                     Signature Adoption: Drawn on Device                                                     Using IP Address: 173.166.0.225  Electronic Record and Signature Disclosure:        Not Offered via DocuSign  In Person Signer Events                             Signature                                            Timestamp  Editor Delivery Events                              Status                                               Timestamp  Agent Delivery Events                               Status                                               Timestamp  Intermediary Delivery Events                        Status                                               Timestamp  Certified Delivery Events                           Status                                               Timestamp  Carbon Copy Events                                  Status                                               Timestamp BBMonetary                                                                                               Sent: 4/17/2020 11:58:02 AM BBMonetary@websterbank.com Security Level: Email, Account Authentication  (None) Electronic Record and Signature Disclosure:        Not Offered via DocuSign  Witness Events                                      Signature                                            Timestamp  Notary Events                                       Signature                                            Timestamp  Envelope Summary Events                             Status                                               Timestamps Envelope Sent                                       Hashed/Encrypted                                     4/17/2020 11:58:02 AM Certified Delivered                                 Security Checked                                     4/17/2020 11:58:02 AM

 

Envelope Summary Events                             Status                                               Timestamps Signing Complete                                    Security Checked                                     4/17/2020 11:58:02 AM Completed                                           Security Checked                                     4/17/2020 11:58:02 AM  Payment Events                                      Status                                               Timestamps

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