Environmental Elements Corp Sample Contracts

Agreement ---------
Trademark Security Agreement • August 14th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip • Maryland
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Agreement ---------
Patent Security Agreement • August 14th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip • Maryland
RECITALS
Security Agreement • June 25th, 1998 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
RECITALS --------
Security Agreement • November 12th, 1999 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
PLAN AGREEMENT #001
401(k) and Profit Sharing Plan Agreement • June 25th, 1998 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
RECITALS --------
Line of Credit Promissory Note • August 14th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
May 5, 1997 Edward H. Verdery Chairman of the Board and Chief Executive Officer Environmental Elements Corporation P.O. Box 1318 3700 Koppers Street Baltimore, Maryland 21203 Dear Ted: This letter is in answer to your request for an extension of the...
Loan Agreement • June 23rd, 1997 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip

This letter is in answer to your request for an extension of the temporary reduction in the Minimum Tangible Net Worth requirement outlined in the Loan Agreement associated with Mercantile-Safe Deposit & Trust Company's Secured Revolving Credit Agreement with Environmental Elements Corporation.

Exhibit 10.1 ------------ NOTICE OF MODIFICATION TO THE FOURTH AMENDMENT TO SECURITY AGREEMENT -------------------------------------------------------------------- Letterhead of Mercantile-Safe Deposit & Trust Company October 25, 2000 Ms. Susan L....
Revolving Credit and Letter of Credit Agreement • November 20th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip

Reference is made to the Revolving Credit and Letter of Credit Agreement dated November 24, 1993 by and among Environmental Elements Corporation and Mercantile-Safe Deposit and Trust Company as amended, most particularly the Fourth Amendment dated August 31, 1999. This is to confirm that Mercantile is hereby extending the Line of Credit Termination Date specified in Section 2(E) of the Fourth Amendment from July 1, 2001 to December 31, 2001.

Exhibit 10.2 ------------ NOTICE OF MODIFICATION TO THE FIFTH AMENDMENT TO SECURITY AGREEMENT ------------------------------------------------------------------- Letterhead of Mercantile-Safe Deposit & Trust Company October 17, 2000 Mr. John L. Sams,...
Security Agreement • November 20th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip

Reference is made to the Revolving Credit and Letter of Credit Agreement dated November 24, 1993 by and among Environmental Elements Corporation and Mercantile-Safe Deposit and Trust Company as amended, most particularly the Fifth Amendment dated May 18,2000. As of September 30, 2000, the financial covenant specified in Paragraph 2C is hereby amended as follows:

FORBEARANCE AGREEMENT
Forbearance Agreement • February 17th, 2004 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip • Maryland

THIS FORBEARANCE AGREEMENT (“AGREEMENT”) is made to be effective as of the 31st day of December, 2003, by and between MERCANTILE-SAFE DEPOSIT AND TRUST COMPANY (“LENDER”); and ENVIRONMENTAL ELEMENTS CORPORATION, a Delaware corporation (“BORROWER”). Hereafter, the LENDER and the BORROWER are collectively referred to as the “PARTIES.”

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