Common Contracts

3 similar Standby and Subordination Agreement contracts by Escalade Inc, Interlott Technologies Inc, United Shields Corp/Oh/

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THE HENRY A. KIRCHNER REVOCABLE TRUST
Standby and Subordination Agreement • October 14th, 1999 • United Shields Corp/Oh/ • Plastic materials, synth resins & nonvulcan elastomers

For valuable consideration, receipt of which is hereby acknowledged, and in consideration of the loans made this date by BERKSHIRE BANK, of 24 North Street, Pittsfield, Massachusetts 01201 (the "Bank") to PITTSFIELD MOLD & TOOL, INC., of 10 Betnr Industrial Drive, Pittsfield, Massachusetts 01201 (the "Borrower") in the amounts of $2,500,000.00 and $1,900,000.00, the undersigned, HENRY A. KIRCHNER AND BARBARA J. KIRCHNER, TRUSTEES OF THE KIRCHNER FAMILY NOMINEE TRUST, HENRY A. KIRCHNER, BARBARA J. KIRCHNER, HENRY A. KIRCHNER AND BARBARA J. KIRCHNER, TRUSTEES OF THE HENRY A. KIRCHNER REVOCABLE TRUST, and HENRY A. KIRCHNER AND BARBARA J. KIRCHNER, TRUSTEES OF THE BARBARA J. KIRCHNER REVOCABLE TRUST, agrees as follows: 1. The undersigned hereby subordinates all indebtedness of the Borrower to the undersigned evidenced by $1,750,000.00 and $2,200,000.00 promissory notes of even date herewith (the "Subordinated Indebtedness"), to any and all indebtedness now or hereafter extended to and owed

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