Exhibit 10.1 ------------ NOTICE OF MODIFICATION TO THE FOURTH AMENDMENT TO SECURITY AGREEMENT -------------------------------------------------------------------- Letterhead of Mercantile-Safe Deposit & Trust Company October 25, 2000 Ms. Susan L....Revolving Credit and Letter of Credit Agreement • November 20th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
Reference is made to the Revolving Credit and Letter of Credit Agreement dated November 24, 1993 by and among Environmental Elements Corporation and Mercantile-Safe Deposit and Trust Company as amended, most particularly the Fourth Amendment dated August 31, 1999. This is to confirm that Mercantile is hereby extending the Line of Credit Termination Date specified in Section 2(E) of the Fourth Amendment from July 1, 2001 to December 31, 2001.
Exhibit 10.2 ------------ NOTICE OF MODIFICATION TO THE FIFTH AMENDMENT TO SECURITY AGREEMENT ------------------------------------------------------------------- Letterhead of Mercantile-Safe Deposit & Trust Company October 17, 2000 Mr. John L. Sams,...Security Agreement • November 20th, 2000 • Environmental Elements Corp • Industrial & commercial fans & blowers & air purifing equip
Reference is made to the Revolving Credit and Letter of Credit Agreement dated November 24, 1993 by and among Environmental Elements Corporation and Mercantile-Safe Deposit and Trust Company as amended, most particularly the Fifth Amendment dated May 18,2000. As of September 30, 2000, the financial covenant specified in Paragraph 2C is hereby amended as follows:
