PRODUCTS INCORPORATED s/ Xxxx X. Xxxxxxx ------------------------------- Xxxx X. Xxxxxxx, President AGREED: XXXXXX, XXXXXX & XXXXXXXXX CAPITAL CORP. By: /s/ Xxxx Xxxxxxxx --------------------------- Xxxx Xxxxxxxx, President
PRODUCTS INCORPORATED. By: Name: S. Steven Carl Title: Chiex Xxxxxxxxe Officer H.E.R.C. CONSUMER PRODUCTS, INC. By: Name: S. Steven Carl Title: Chiex Xxxxxxxxe Officer GUARANTORS: S STEVEN CARL KBK: KBK FINANCIAL, INC. By: Name: Title: Date:____________________________ STATE OF VIRGINIA COUNTY OF PORTSMOUTH
PRODUCTS INCORPORATED. By: /s/ John P. Johnson ------------------------- INTEREQUITY CAPITAL PARTNERS, L.P. By: /s/ [SIGNATURE ILLEGIBLE] ------------------------- 25 Exhibit 3 to Loan Agreement
PRODUCTS INCORPORATED. By: /s/ S. Steven Carl ------------------------------------- S. Steven Carl, Chief Executive Officer
PRODUCTS INCORPORATED. By: /s/ S. Steven Carl --------------------------------------- S. Steven Carl, Chief Exexxxxxx Xxxxcer
PRODUCTS INCORPORATED. By: /s/ S. Steven Carl ------------------------------------- Name: S. Steven Carl Title: C.E.O.
PRODUCTS INCORPORATED. By: ------------------------------------ Name: S. Steven Carl ---------------------------------- Title: Chief Executive Officer ---------------------------------
PRODUCTS INCORPORATED. By:_______________________________
PRODUCTS INCORPORATED. Dated:------------------, 1996 By: CERTIFICATE OF SIGNATORY (To be completed if Preferred Stock is being subscribed for by an entity) I, _______________________________, the -------------------------------- (name of signatory) (title) of ----------------------------------------------------------("Entity"), a (name of entity) -----------------------------------------------. (type of entity) hereby certify that the above entity is duly empowered and authorized to purchase the Preferred Stock and that I am duly empowered and authorized by the entity to execute the Subscription Agreement on its behalf.
PRODUCTS INCORPORATED. Gentlemen: Reference is made to the Agency Agreement, dated as of November 15, 1996, between you and H.E.R.C. Products Incorporated ("Company"), pursuant to which the Company proposed to offer for sale in a private placement ("Offering"), up to $1,500,000 in aggregate purchase price of shares of preferred stock, $.01 par value ("Preferred Stock") on a "best efforts, minimum $1,000,000, maximum $1,500,000 basis." This is to confirm our agreement to increase the Offering to up to $1,850,000 in aggregate purchase price of shares of Preferred Stock on a "best efforts, minimum $1,000,000, maximum $1,850,000 basis." If you find the foregoing is in accordance with our understanding, please execute a copy of this letter where indicated below.
