EMPLOYMENT CONTRACTEmployment Agreement • May 21st, 2003 • Iwt Tesoro Corp • Wholesale-durable goods • Florida
This Agreement is entered into this 2nd day of October, 2002, between International Wholesale Tile, Inc. (hereinafter referred to as the "EMPLOYER") having its principal place of business at 4401 SW Port Way, Palm City, Florida 34990, and FORREST P. JORDAN, (hereinafter referred to as the "EMPLOYEE"), whose mailing address is P.O. Box 412, Palm City, Florida 34991.
SUBORDINATION AGREEMENTSubordination Agreement • May 21st, 2003 • Iwt Tesoro Corp • Wholesale-durable goods • Florida
Forrest Jordan ("Jordan"), creditor of International Wholesale Tile, Inc., a Florida corporation ("Borrower"), in the amount of $85,000 (the "Indebtedness") as evidenced by the Note attached hereto as Exhibit "A" dated the 21st day of November, 2001 (the "Note"), hereby acknowledges that Borrower desires to continue to obtain credit accommodations from Congress Financial Corporation (Florida) ("Lender") pursuant to (i) Amended and Restated Loan and Security Agreement between Borrower and Lender dated as of November , 2002 (as it now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the "Agreement"), and (ii) certain other Financing Agreements as such term is defined in the Agreement (the outstanding principal amount of up to $7,500,000, as same is reduced by payments, is hereinafter referred to as the "Loan") as any or all such documents are amended or restated and in effect from time to time provided this Subordination Agreement shall
