MODIFICATION AND EXTENSION OF PROMISSORY NOTEModification and Extension of Promissory Note • July 15th, 2005 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
THIS AGREEMENT OF MODIFICATION AND EXTENSION OF PROMISSORY NOTE is by and among Northern Technologies International Corporation (the “Borrower”) and NATIONAL CITY BANK, Cleveland, Ohio (the “Bank”). This agreement is attached to and made a part of a promissory note (the “Note”) in the original principal amount of Five Hundred Thousand and 00/100ths Dollars ($500,000.00) which was executed by Borrower, payable to Bank and dated August 6, 2004. For valuable considerations as hereinafter granted each to the other and intending to be legally bound, the parties modify the following terms, conditions, and provision of the Note:
SETTLEMENT AGREEMENT AND ASSET PURCHASESettlement Agreement and Asset Purchase • July 15th, 2005 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
EXECUTED by the Parties on the date set out at the beginning of this Agreement acting by their duly authorised representatives.
PURCHASE AGREEMENTPurchase Agreement • July 15th, 2005 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
THIS AGREEMENT is made as of June 24, 2005 (the “Effective Date”), between Circle Pines Mainstreet II, LLC, a Minnesota limited liability company (“Seller”), and Northern Technologies International Corporation, a Minnesota corporation (“Buyer”).
SECURITY AGREEMENT ALL PERSONAL PROPERTY AND FIXTURES BORROWER GRANTORSecurity Agreement • July 15th, 2005 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
This Agreement is executed and delivered at Cleveland, Ohio as of this 6th day of August, 2004 by Northern Technologies International Corporation (“Grantor”), whose mailing address is 23205 Mercantile Road, Beachwood, Ohio 44122, to NATIONAL CITY BANK, a national banking association having a banking office at 1900 East 9th Street, Cleveland, Ohio 44114, Attention: Commercial Loans Division, Locator No. 01-8485.
