SECURITY AGREEMENTSecurity Agreement • April 27th, 2010 • P&f Industries Inc • Metalworkg machinery & equipment • New York
This Security Agreement (the “Security Agreement”), dated as of April 23, 2010, is by and between Countrywide Hardware, Inc., a Delaware corporation (the “Debtor”), and Marc Schorr together with his heirs, administrators, successors and assigns (“Schorr”) and Richard A. Horowitz, together with his heirs, administrators, successors and assigns (“Horowitz” and together with Schorr, each a “Secured Party” and collectively, the “Secured Parties”).
SECOND LOAN DOCUMENTS MODIFICATION AGREEMENTLoan Modification Agreement • April 27th, 2010 • P&f Industries Inc • Metalworkg machinery & equipment • Florida
THIS SECOND LOAN DOCUMENTS MODIFICATION AGREEMENT (this “Agreement”) is made as of April 22, 2010 (the “Effective Date”), by and between COUNTRYWIDE HARDWARE, INC., a Delaware corporation (“Borrower”), whose address for notices is 445 Broadhollow Road, Suite 100, Melville, New York 11747, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Bank”), successor-by-merger to Wachovia Bank, National Association, whose address for notices is 225 Water Street, Third Floor, FL0061, Jacksonville, Florida 32202.
AMENDMENT NO. 21 AND WAIVER TO CREDIT AGREEMENTCredit Agreement • April 27th, 2010 • P&f Industries Inc • Metalworkg machinery & equipment • New York
THIS AMENDMENT NO. 21 AND WAIVER, dated as of April 23, 2010 (the “Amendment and Waiver”) to the Credit Agreement, dated as of June 30, 2004, 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”), GREEN MANUFACTURING, INC., a Delaware corporation (“Green”), COUNTRYWIDE HARDWARE, INC., a Delaware corporation (“Countrywide”), NATIONWIDE INDUSTRIES, INC., a Florida corporation (“Nationwide”), WOODMARK INTERNATIONAL, L.P., a Delaware limited partnership (“Woodmark”), PACIFIC STAIR PRODUCTS, INC., a Delaware corporation (“Pacific”), WILP HOLDINGS, INC., a Delaware corporation (“WILP”), CONTINENTAL TOOL GROUP, INC., a Delaware corporation (“Continental”) and HY-TECH MACHINE, INC., a Delaware corporation (“Hy-Tech”; and collectively with P&F, Florida Pneumatic, Embassy, Green, Countrywide, Nationwide, Woodmark, Pacific, WILP and Co
INDEMNIFICATION AGREEMENTIndemnification Agreement • April 27th, 2010 • P&f Industries Inc • Metalworkg machinery & equipment
THIS INDEMNIFICATION AGREEMENT (the “Agreement”), made as of the 23rd day of April, 2010 by P&F Industries, Inc., a Delaware corporation, with an office located at 445 Broadhollow Road, Suite 100, Melville, New York (the “Indemnitor”) in favor of Marc Schorr, with an address at One Hughs Center Drive, Penthouse 1904, Las Vegas, Nevada 89109 (“Schorr”) and Richard A. Horowitz, with an address at 90 Wheatley Road, Old Westbury, NY 11568 (“Horowitz” and together with “Schorr”, each a “Lender” and collectively the “Lenders”).
