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This LOAN AGREEMENT, dated as of July 1 , 1986 , between THE <br /> ORANGE COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL <br /> FINANCING AUTHORITY, a political subdivision and body corporate <br /> and politic of the State of North Carolina ( the "Authority" ) , and <br /> ISOTECHNOLOGIES, INC. , a corporation duly incorporated and <br /> existing under the laws of the State of North Carolina ( the <br /> "Company" ) , <br /> I T N E S S E T H <br /> In consideration of the respective representations and <br /> agreements contained herein, the parties hereto, recognizing that <br /> under the Enabling Act (hereinafter defined) this Agreement shall <br /> not in any way obligate the State of North Carolina or any <br /> political subdivision thereof, including, without limitation, <br /> Orange County, North Carolina, and the Authority, to raise any <br /> money by taxation or to use other public moneys for any purpose <br /> in relation to the Project (hereinafter defined) and that neither <br /> the State of North Carolina nor any political subdivision <br /> thereof, including, without limitation, Orange County, North <br /> Carolina, and the Authority, shall pay or promise to pay any debt <br /> or meet any financial obligation to any person at any time in <br /> relation to the Project, except from moneys received or to be <br /> received under the provisions of this Agreement, the Note, the <br /> Security Agreement, the Deed of Trust , the Company Guaranty, the <br /> Personal Guaranty and the Bond Purchase Agreement ( each <br /> hereinafter defined) or derived from the exercise of the rights <br /> of the Authority thereunder , agree as follows: <br />