SIXTH AMENDMENT TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • April 14th, 2017 • Perma-Pipe International Holdings, Inc. • Industrial & commercial fans & blowers & air purifing equip • Illinois
This SIXTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this “Sixth Amendment”) is entered into as of December 29, 2016, among MFRI, INC., a Delaware corporation (the “Company”), MIDWESCO FILTER RESOURCES, INC., a Delaware corporation (“Midwesco”), PERMA-PIPE, INC., a Delaware corporation (“Perma-Pipe”), TC NILES CORPORATION, a Delaware corporation (“TC Niles”), TDC FILTER MANUFACTURING, INC., a Delaware corporation (“TDC”), MM NILES CORPORATION, a Delaware corporation (“MM Niles”), and PERMA-PIPE CANADA, INC., a Delaware corporation (“Perma-Pipe Canada”) (each of the Company, Midwesco, Perma-Pipe, TC Niles, TDC, MM Niles, and Perma-Pipe Canada may be referred to herein individually, as a “US Borrower” and collectively, as “US Borrowers”), PERMA-PIPE CANADA HOLDINGS LTD., an Alberta corporation (“PP Canada Holding”) and PERMA-PIPE CANADA LTD., an Alberta corporation (“PP Canada Operating”) (each of PP Canada Holding and PP Canada Operating may be referred to herein individually as a “Ca
