Third Amended and Restated Reimbursement Agreement for Letters of CreditReimbursement Agreement for Letters of Credit • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS THIRD AMENDED AND RESTATED REIMBURSEMENT AGREEMENT FOR LETTERS OF CREDIT (this “Agreement”) is made as of this September 28, 2012, by ENVIRONMENTAL TECTONICS CORPORATION (the “Obligor”), with an address at 125 James Way, Southampton, PA 18966 in favor of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 500 First Avenue, Third Floor, Pittsburgh, PA 15219. The Obligor and the Bank are parties to that certain Loan Agreement dated as of the date hereof (the “Loan Agreement”) pursuant to which the Bank has made available to the Obligor the Line of Credit (as defined in the Loan Agreement). This Agreement amends and restates that certain Second Amended and Restated Reimbursement Agreement for Letters of Credit between the Obligor and the Bank dated as of July 2, 2009 (as heretofore amended, the “Existing Reimbursement Agreement”). From time to time by submitting an application in a form approved by the Bank (an “Application”), the Obligor or any of its subsidiaries or aff
Pledge AgreementPledge Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS PLEDGE AGREEMENT, dated as of September 28, 2012, is made by ENVIRONMENTAL TECTONICS CORPORATION (the “Pledgor”), a Pennsylvania corporation with an address at 125 James Way, Southampton, PA 18966, in favor of PNC BANK, NATIONAL ASSOCIATION (the “Secured Party”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312.
Loan AgreementLoan Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS LOAN AGREEMENT (the “Agreement”), is entered into as of September 28, 2012, between ENVIRONMENTAL TECTONICS CORPORATION (the “Borrower”), a Pennsylvania corporation with an address at 125 James Way, Southampton, PA 18966, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312.
Amended and Restated Guaranty AgreementGuaranty Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS AMENDED AND RESTATED GUARANTY AGREEMENT (this “Guaranty”) is made and entered into as of this September 28, 2012, by H.F. LENFEST, an individual (the “Guarantor”), with an address at 300 Barr Harbor Drive, Suite 460, West Conshohocken, PA 19428, in consideration of the extension of credit by PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312, to ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation (the “Borrower”), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. This Guaranty amends, restates and replaces (but does not constitute a novation of) the existing Amended and Restated Guaranty Agreement from the Guarantor to the Bank dated as of July 2, 2009.
Security AgreementSecurity Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS SECURITY AGREEMENT (this “Agreement”), dated as of September 28, 2012, is made by ENVIRONMENTAL TECTONICS CORPORATION (“Borrower” and together with any other entity joined hereto in such capacity, each a “Grantor” and, collectively, the “Grantors”), each with an address at 125 James Way, Southampton, PA 18966, in favor of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312.
OPEN-END MORTGAGE AND SECURITY AGREEMENTOpen-End Mortgage and Security Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS OPEN-END MORTGAGE AND SECURITY AGREEMENT (this “Mortgage”) is executed as of September 27, 2012 but effective as of September 28, 2012, by ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation (the “Mortgagor”), with an address at 125 James Way, Southampton, Pennsylvania 18966, in favor of PNC BANK, NATIONAL ASSOCIATION (the “Mortgagee”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312.
PREFERRED STOCK REPURCHASE AND FINANCIAL RESTRUCTURING AGREEMENTPreferred Stock Repurchase and Financial Restructuring Agreement • October 2nd, 2012 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
This Preferred Stock Repurchase and Financial Restructuring Agreement (this “Agreement”) is entered into as of September 28, 2012, by and between ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation, with its principal place of business at 125 James Way, Southampton, Pennsylvania 18966, fax no. 215-357-4000 (the “Company”), and H.F. LENFEST, an individual residing in the Commonwealth of Pennsylvania, with offices at 200 Barr Harbor Drive, Suite 450, Conshohocken, Pennsylvania 19428 (“Lenfest”).
