Second Amended and Restated Revolving Credit NoteRevolving Credit Note • April 1st, 2005 • Selas Corp of America • Industrial process furnaces & ovens
This note (the “Note”) amends and completely restates and evidences the indebtedness outstanding under and is substituted for, but not in payment, satisfaction, cancellation or novation of, the Amended and Restated Revolving Credit Note dated March 18, 2004 which was issued by the Borrower to the Lender. As of the date hereof, this Note shall be deemed to be the Revolving Credit Facility Note referred to in the Agreement and shall evidence the indebtedness incurred under, and be entitled to the benefits of, the Agreement. All terms used and not otherwise defined in this Note shall have the meanings given to them in the Agreement. Upon the occurrence of any Event of Default set forth in the Agreement, the entire unpaid balance of principal and accrued interest of this Note and all other amounts due under the Agreement shall, at the option of the Lender, be immediately due and payable without presentment, demand, protest or notice of any kind, all of which are expressly waived.
FIFTH AMENDMENT TO MORTGAGE, SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENTFifth Amendment to Mortgage, Security Agreement and Fixture Financing Statement • April 1st, 2005 • Selas Corp of America • Industrial process furnaces & ovens • Minnesota
THIS FIFTH AMENDMENT TO MORTGAGE, SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENT (the “Amendment”), made as of March 30, 2005, is by and between WACHOVIA BANK, NATIONAL ASSOCIATION, formerly known as First Union National Bank, a national banking association, with offices located at Broad and Walnut Streets, Philadelphia, Pennsylvania 19109 (the “Mortgagee”) and RESISTANCE TECHNOLOGY, INC., a Minnesota corporation having its principal place of business at 1260 Red Fox Road, Arden Hills, Minnesota 55112 (the “Mortgagor”).
EMPLOYMENT AGREEMENTEmployment Agreement • April 1st, 2005 • Selas Corp of America • Industrial process furnaces & ovens • Pennsylvania
This EMPLOYMENT AGREEMENT (“Agreement”) is made and dated as of December 4 2004, between SELAS CORPORATION OF AMERICA, a Pennsylvania corporation (the “Company”), and MARK S. GORDER (“Executive”).
Second Amended, Restated and Consolidated Term Loan NoteTerm Loan Note • April 1st, 2005 • Selas Corp of America • Industrial process furnaces & ovens
This Term Note amends and completely restates and evidences the indebtedness outstanding under and is substituted for, but not in payment, satisfaction, cancellation or novation of the Amended, Restated and Consolidated Term Loan Note dated March 18, 2004 which was issued by the Borrower to the Lender. As of the date hereof, this Term Note shall be deemed to be the Term Note referred to in the Agreement and shall evidence the indebtedness incurred under, and be entitled to the benefits of, the Agreement. Upon the occurrence of any Event of Default set forth in the Agreement, the entire unpaid balance of principal and accrued interest of this Term Note and all other amounts due under the Agreement shall, at the option of the Lender, be immediately due and payable without presentment, demand, protest or notice of any kind, all of which are expressly waived.
AMENDMENT TO AMENDED, RESTATED AND CONSOLIDATED LOAN AGREEMENTLoan Agreement • April 1st, 2005 • Selas Corp of America • Industrial process furnaces & ovens • Pennsylvania
This AMENDMENT TO AMENDED, RESTATED AND CONSOLIDATED LOAN AGREEMENT (this “Amendment”), dated as of March 30, 2005 is made and entered into by and among WACHOVIA BANK, NATIONAL ASSOCIATION, with an office at Broad and Walnut Streets, Philadelphia, Pennsylvania 19109 (the “Lender”), SELAS CORPORATION OF AMERICA, a Pennsylvania business corporation with offices located at c/o 1260 Red Fox Road, Arden Hills, Minnesota 55112 (the “Borrower”), RESISTANCE TECHNOLOGY, INC., a Minnesota business corporation with offices located at 1260 Red Fox Road, Arden Hills, Minnesota 55112 (“RTI”), and RTI ELECTRONICS, INC., a Delaware corporation with offices located at 1800 Via Burton Street, Anaheim, California 92806 (“RTI Electronics;” together with RTI, the “Guarantors”).
