COMMERCIAL SECURITY AGREEMENTSecurity Agreement • December 20th, 2001 • Hickok Inc • Industrial instruments for measurement, display, and control • Ohio
References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing ” * * * ” has been omitted due to text length limitations.
COMMERCIAL GUARANTYHickok Inc • December 20th, 2001 • Industrial instruments for measurement, display, and control • Ohio
References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing ” * * * ” has been omitted due to text length limitations.
COMMERCIAL SECURITY AGREEMENTSecurlty Agreement • December 20th, 2001 • Hickok Inc • Industrial instruments for measurement, display, and control • Ohio
References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing ” * * * ” has been omitted due to text length limitations.
ContractHickok Inc • December 20th, 2001 • Industrial instruments for measurement, display, and control
August 1,200l Gregory M. Zoloty Vice President Hickok Incorporated 10514 Dupont Avenue Cleveland, Ohio 44108-1399 Dear Mr. Zoloty: Currently Hickok Inc.‘s credit agreement requires the company to maintain $7MM in working capital. Due to a downturn in business, the company projects violating the covenant at 6-30-01 (which is their third quarter) when working capital is projected to be $6.9MM. Company prepared projections show the company being in compliance by 9-30-O1. Huntington National Bank will amend the working capital covenant to $6MM until 12-31-01 at which time it will revert to $7MM. Please acknowledge acceptance of this amendment by signing the enclosed copy of this letter and return to me in the enclosed envelope. Sincerely, /s/ TERRY D. CORENO Terry D. Coreno Vice President Bob Bauman /s/ ROBERT L. BAUMAN 8/3/01 Agree to the amendment above Date
