0001047469-04-009971 Sample Contracts

P & F INDUSTRIES, INC. AMENDMENT NO. 1 TO CREDIT AGREEMENT
Credit Agreement • March 30th, 2004 • P&f Industries Inc • Metalworkg machinery & equipment • New York

THIS AMENDMENT NO. 1 is entered into as of September 16, 1998 (the "Amendment"), by and among P&F INDUSTRIES, INC., a Delaware corporation ("P&F), FLORIDA PNEUMATIC MANUFACTURING CORPORATION, a Florida corporation ("Florida Pneumatic"), EMBASSY INDUSTRIES, INC., a New York corporation ("Embassy") and GREEN MANUFACTURING, INC., a Delaware corporation ("Green") (P&F, Florida Pneumatic, Embassy and Green, the "Co-Borrowers"), and EUROPEAN AMERICAN BANK, a New York banking corporation (the "Bank").

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CREDIT AGREEMENT Dated as of July 23, 1998 by and between P&F INDUSTRIES, INC., FLORIDA PNEUMATIC MANUFACTURING CORPORATION, EMBASSY INDUSTRIES, INC., as "Co- Borrowers" and EUROPEAN AMERICAN BANK, as "Bank"
Credit Agreement • March 30th, 2004 • P&f Industries Inc • Metalworkg machinery & equipment • New York

CREDIT AGREEMENT dated as of July 23, 1998, by and among P&F INDUSTRIES, INC., a Delaware corporation ("P&F"), FLORIDA PNEUMATIC MANUFACTURING CORPORATION, a Florida corporation ("Florida Pneumatic") and EMBASSY INDUSTRIES, INC., a New York corporation ("Embassy", collectively with P&F and Florida Pneumatic, the "Co-Borrowers") and EUROPEAN AMERICAN BANK, a New York banking corporation (the "Bank").

P & F INDUSTRIES, INC. CONSULTING AGREEMENT
Consulting Agreement • March 30th, 2004 • P&f Industries Inc • Metalworkg machinery & equipment • New York

AGREEMENT, effective as of November 1, 2003, between P & F INDUSTRIES, INC., a Delaware corporation (the "Company") having its principal place of business at 300 Smith Street, Farmingdale, New York 11735, and SIDNEY HOROWITZ, residing at 20596 Links Circle, Boca Raton, Florida 33434 (the "Consultant").

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