ContractLoan and Security Agreement • May 21st, 2001 • LSB Industries Inc • Industrial inorganic chemicals
May 17, 2001 Jim Jones Vice President and Treasurer LSB Industries 16 South Pennsylvania Ave Oklahoma City, OK 73107 Dear Mr. Jones: Reference is made to that certain Loan and Security Agreement dated October 31, 1994, as amended (the "Agreement") between DSN Corporation, ("Debtor"), and the CIT Group/Equipment Financing, Inc. ("CIT"). Debtor has advised CIT that LSB Industries Inc., a guarantor of Debtor's obligation to CIT was not in compliance with certain covenants as of December 31, 2000. Debtor has requested, that notwithstanding anything to the contrary in the Agreement, that CIT waive the instances of non-compliance through April 1, 2002. CIT hereby waives, as of this date, the instances of non-compliance under the Agreement, under the following condition: a) receipt of a $3,000.00 processing fee. All other terms, conditions and agreements under the Loan Agreement, together with all schedules, attachments and amendments thereto shall remain in full
AMENDED AND RESTATED LEASE AGREEMENTLease Agreement • May 21st, 2001 • LSB Industries Inc • Industrial inorganic chemicals • Oklahoma
THIS AMENDED AND RESTATED LEASE AGREEMENT is made effective the 8th day of May, 2001, between RAPTOR MASTER, L.L.C., an Oklahoma limited liability company (the "Landlord"), and CLIMATE MASTER, INC., a Delaware corporation (the "Tenant"). The capitalized terms used in this Agreement are defined at Section 19 below.
ASSIGNMENTAssignment • May 21st, 2001 • LSB Industries Inc • Industrial inorganic chemicals • Oklahoma
THIS ASSIGNMENT is made and entered into as of the 8th day of May, 2001, by and between Climate Master, Inc., a Delaware corporation, ("Assignor"), and Prime Financial Corporation, an Oklahoma corporation ("Assignee") with reference to the following: WHEREAS, Assignor is party to a certain Option Agreement dated November 12, 1987 (the "Option Agreement"), whereby Assignor holds an irrevocable right and option (the "Purchase Option Right") to purchase from West Point Company, L.L.C. ("West Point"), an Oklahoma limited liability company, certain real property and the improvements located thereon, more particularly described on Exhibit "A", attached hereto and incorporated herein by this reference (the "Property"); and WHEREAS, Assignee desires to acquire the Option Agreement and exercise the Purchase Option Right in order to obtain title to the Property; and WHEREAS, Assignee further desires to sell the Property to Raptor Master, L.L.C. ("Raptor"), an Oklahoma limited liability
OPTION AGREEMENTOption Agreement • May 21st, 2001 • LSB Industries Inc • Industrial inorganic chemicals • Delaware
THIS AGREEMENT is made this 8th day of May, 2001, between RAPTOR MASTER, L.L.C., an Oklahoma limited liability company ("Raptor"), having a notice address at 1141 N. Robinson, Suite 300, Oklahoma City, Oklahoma 73102 and CLIMATE MASTER, INC., a Delaware corporation ("CMI"), having a notice address at 16 South Pennsylvania, P.O. Box 754, Oklahoma City, Oklahoma 73101.
AGREEMENT FOR PURCHASE AND SALEPurchase and Sale Agreement • May 21st, 2001 • LSB Industries Inc • Industrial inorganic chemicals • Oklahoma
THIS AGREEMENT FOR PURCHASE AND SALE is made and entered into this 10th day of April, 2001, by and between PRIME FINANCIAL CORPORATION, an Oklahoma corporation (hereinafter referred to as "Seller"), and RAPTOR MASTER, L.L.C., an Oklahoma limited liability company (hereinafter referred to as "Buyer") upon the terms and conditions set forth herein. NOW THEREFORE, in consideration of the foregoing, the mutual covenants herein contained, the amounts to be paid hereunder and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. Definitions. When used herein the following terms shall have the meanings set forth in this section. 1.1 Property. All of Seller's right, title and interest in and to the real property, improvements and appurtenances thereunto belonging located in Oklahoma County, Oklahoma, as described on Exhibit A, including but not limited to: 1.1.1 Improvements. All building structures, parking areas, landsc
