September 23, 2009Loan and Security Agreement • March 23rd, 2010 • Flanders Corp • Industrial & commercial fans & blowers & air purifing equip • Georgia
Reference is made to that certain Loan and Security Agreement dated October 18, 2002 (as at any time amended, restated, modified or otherwise supplemented, the “Loan Agreement”), by and among Flanders Corporation, a North Carolina corporation (“Flanders”), Flanders/Precisionaire Corp., 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 Corp., a North Carolina corporation (“Flanders Realty”; Flanders, Flanders/Precisionaire, Filters, CSC, Precisionaire, Utah, Eco-Air, Air Seal and Flanders Realty are herein referred to collectively as “Borrowers” and each individually as a “Borrower”), and
