TWENTIETH AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 30th, 2009 • Flanders Corp • Industrial & commercial fans & blowers & air purifing equip • Georgia
THIS TWENTIETH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is made and entered into this 29th day of July, 2009, by and among FLANDERS CORPORATION (“Flanders,” individually and, in its capacity as the representative of the other Borrowers, “Borrowers Agent”), a North Carolina corporation, FLANDERS/PRECISIONAIRE CORPORATION, a North Carolina corporation (“Flanders/Precisionaire”), FLANDERS FILTERS, INC., a North Carolina corporation “Filters”); FLANDERS/CSC CORPORATION, a North Carolina corporation (“CSC”), PRECISIONAIRE, INC., a Florida corporation (“Precisionaire”), PRECISIONAIRE OF UTAH INC., a Utah corporation (“Utah”), ECO-AIR PRODUCTS, INC., a California corporation (“Eco-Air”), AIR SEAL FILTER HOUSINGS INC., a Texas corporation (“Air Seal”), and FLANDERS REALTY CORPORATION, a North Carolina corporation (“Flanders Realty”) (all of the foregoing collectively referred to herein as “Borrowers” and individually as “Borrower”), each with its chief executive office and p
