Exhibit 10.1
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NOTICE OF MODIFICATION TO THE FOURTH AMENDMENT TO SECURITY AGREEMENT
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Letterhead of Mercantile-Safe Deposit & Trust Company
October 25, 2000
Xx. Xxxxx X. Xxxxxxxx
Environmental Elements Corporation
X.X. Xxx 0000
0000 Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
Dear Xxxxx:
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.
All other terms and conditions of the Agreement as amended are to remain
unchanged.
Sincerely,
Xxxxxx X. Xxxxxxx
