TERM NOTETerm Note • December 19th, 2017 • Cti Industries Corp • Fabricated rubber products, nec • New York
This Term Note (this "Note") is executed and delivered under and pursuant to the terms of that certain Revolving Credit, Term Loan and Security Agreement dated as of the date hereof (as amended, restated, modified or otherwise supplemented from time to time, the "Credit Agreement") by and among CTI INDUSTRIES CORPORATION, an Illinois corporation ("Company"; together with each Person joined to the Credit Agreement as a borrower from time to time, collectively the "Borrowers" and each individually, a "Borrower"), each other Credit Party party thereto from time to time, the financial institutions which are now or which hereafter become a party thereto (collectively, the "Lenders") and PNC BANK, NATIONAL ASSOCIATION ("PNC"), as agent for the Lenders (in such capacity, the "Agent"). Capitalized terms not otherwise defined herein shall have the meanings provided in the Credit Agreement
This Instrument Prepared By And After Recording Return To: Israel S. Pollack, Esq. Goldberg Kohn Ltd. Suite 3300 Chicago, Illinois 60603 Property Address: 22160 N. Pepper Road Barrington, IL PIN(S): 13-21-400-014-0000Real Property Mortgage • December 19th, 2017 • Cti Industries Corp • Fabricated rubber products, nec • Illinois
THIS REAL PROPERTY MORTGAGE ("Mortgage"), made as of December 14, 2017, is made and executed by CTI INDUSTRIES CORPORATION, an Illinois corporation, having its principal offices at 22160 N. Pepper Road Barrington, Illinois 60010 ("Mortgagor"), in favor of PNC BANK, NATIONAL ASSOCIATION, a national banking association, having an office at c/o PNC Business Credit One North Franklin Street, Chicago, Illinois 60606, as a Lender and Agent ("Agent") for the certain other "Lenders", such terms are defined in the Loan Agreement referred to below.
REVOLVING CREDIT NOTERevolving Credit Note • December 19th, 2017 • Cti Industries Corp • Fabricated rubber products, nec • New York
This Revolving Credit Note (this "Note") is executed and delivered under and pursuant to the terms of that certain Revolving Credit, Term Loan and Security Agreement dated as of the date hereof (as amended, restated, modified or otherwise supplemented from time to time, the "Credit Agreement") by and among CTI INDUSTRIES CORPORATION, an Illinois corporation ("Company"; together with each Person joined to the Credit Agreement as a borrower from time to time, collectively the "Borrowers" and each individually, a "Borrower"), each other Credit Party party thereto from time to time, the financial institutions which are now or which hereafter become a party thereto (collectively, the "Lenders") and PNC BANK, NATIONAL ASSOCIATION ("PNC"), as agent for the Lenders (in such capacity, the "Agent"). Capitalized terms not otherwise defined herein shall have the meanings provided in the Credit Agreement.
SUBORDINATION AGREEMENTSubordination Agreement • December 19th, 2017 • Cti Industries Corp • Fabricated rubber products, nec • New York
This SUBORDINATION AGREEMENT made and entered into as of December 14, 2017 (as amended, restated, supplemented or otherwise modified from time to time, this "Agreement"), is by and among CTI INDUSTRIES CORPORATION, an Illinois corporation (the "Debtor"), the Subordinated Creditors (as defined in Section 1 below), and PNC BANK, NATIONAL ASSOCIATION, in its capacity as Agent (the "Agent") for the Lenders referred to below.
ContractPromissory Note • December 19th, 2017 • Cti Industries Corp • Fabricated rubber products, nec • Illinois
Payment of the indebtedness evidenced by this instrument or document and the rights of the holder hereof are subordinated and subject to the rights of PNC Bank, National Association, as Agent for certain Lenders, to the extent provided in a Subordination Agreement dated as of December 14, 2017, between payee to said lender.
