SEPARATION AGREEMENT AND RELEASESeparation Agreement and Release • November 13th, 2007 • Omega Flex, Inc. • Heating equip, except elec & warm air; & plumbing fixtures • Massachusetts
This Separation Agreement and Release (the “Agreement”) is entered into between Duane E. Shooltz (“Shooltz”) and Omega Flex, Inc., a Pennsylvania corporation (“Omega Flex” or the “Company”) on October 1, 2007.
LOAN AGREEMENTLoan Agreement • November 13th, 2007 • Omega Flex, Inc. • Heating equip, except elec & warm air; & plumbing fixtures • Massachusetts
THIS LOAN AGREEMENT is made as of September 4, 2007 by and between SOVEREIGN BANK, a federal savings bank with an usual office at 1350 Main Street, Springfield, Massachusetts (hereinafter referred to as the “Lender”), and OMEGA FLEX, INC., a Pennsylvania corporation with an usual place of business and mailing address at 213 Court Street, Suite 701, Middletown, Connecticut (hereinafter referred to as the “Borrower”).
REVOLVING LINE OF CREDIT NOTEOmega Flex, Inc. • November 13th, 2007 • Heating equip, except elec & warm air; & plumbing fixtures • Massachusetts
