SECURITY AGREEMENTSecurity Agreement • February 17th, 2009 • Thermoenergy Corp • Hazardous waste management • Delaware
THIS SECURITY AGREEMENT (this “Agreement”) is dated as of February 11, 2009, and is entered into by and between ThermoEnergy Corporation, a Delaware corporation having its principal place of business in Little Rock, Arkansas (“Thermo”) and Thermo’s subsidiary CASTion Corporation, a Massachusetts corporation having its principal place of business in Worcester, Massachusetts (“CASTion” and, together with Thermo, “Debtor”), and The Quercus Trust (“Secured Party”). Capitalized terms not otherwise defined herein are used as defined in the New York Uniform Commercial Code on the date of this Agreement.
