SURRENDER OF COLLATERAL, CONSENT TO STRICT FORECLOSURE, AND RELEASE AGREEMENT (UCC 9620)Surrender of Collateral, Consent to Strict Foreclosure, and Release Agreement • July 9th, 2004 • U S Plastic Lumber Corp • Hazardous waste management • California
THIS SURRENDER OF COLLATERAL, CONSENT TO STRICT FORECLOSURE, AND RELEASE AGREEMENT (the “Agreement”) is entered into on June 18, 2004 by and between AMPAC CAPITAL SOLUTIONS, LLC, a Nevada limited liability company (“Lender”), and U.S. PLASTIC LUMBER LTD., a Delaware corporation (“Debtor”), and U.S. PLASTIC LUMBER IP CORPORATION, a Delaware corporation, U.S. PLASTIC LUMBER CORP., a Nevada corporation, and U.S. PLASTIC LUMBER FINANCE CORPORATION, a Delaware corporation (collectively the “Guarantors”).
