EX-10.24
from 10KSB
1 page
<page> [Letterhead of the Cit Group/Credit Finance Star Division 10 South Lasalle Street Chicago, Il 80603] December 22, 1995 Reuter Manufacturing, Inc. F/K/a Green Isle Environmental Services, Inc. 410 11th Avenue South Hopkins, Mn 55343 Re: Loan and Security Agreement Dated February 15, 1991 and Subsequent Amendments Thereto, Between the Cit Group/Credit Finance, Inc. as Lender and Reuter Manufacturing, Inc., F/K/a Green Isle Environmental Services, Inc., and F/K/a Reuter, Inc., and F/K/a Reuter Manufacturing, Inc., as Borrower (The "Loan and Security Agreement") Gentlemen: The Loan and Security Agreement Is Amended as Follows: 1. Section 10.2 of the Loan and Security Agreement Is Amended by Deleting the Term "$1,007,200.00" and Adding in Its Place the Term "$1,507,000.00". 2. Section 10.6(b) of the Loan and Security Agreement Is Amended to Read as Follows: (B) Borrower: Reuter Manufacturing, Inc., a Minnesota Corporation. in All Other Respects, the Loan and Security Agreement Remains Unchanged and in Full Force and Effect. in Consideration of Lender's Agreements Herein, Borrower Agrees to Pay Lender a Fee of $25,000, Which Fee Is Fully Earned and Payable as of This Date. at Lender's Option, Lender May Charge This Fee to Any Loan Account of Borrower Maintained by Lender. Very Truly Yours, the Cit Group/Credit Finance, Inc. By: /S/ Richard A. Simons Title: Vice President <page> Reuter Manufacturing, Inc. December 22, 1995 Page 2 Agreed and Accepted: Reuter Manufacturing, Inc. F/K/a Green Isle Environmental Services, Inc. By: /S/ William H. Johnson Title: Vice President, Controller & Secretary 1/2/96
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EX-10.22
from 10KSB
1 page
<page> [Letterhead of the Cit Group/Credit Finance Star Division 10 South Lasalle Street Chicago, Il 80603] October 12, 1995 Green Isle Environmental Services, Inc. D/B/a Reuter Manufacturing, Inc. 410 11th Avenue South Hopkins, Mn 55343 Re: Loan and Security Agreement Dated February 15, 1991 and Subsequent Amendments Thereto, Between the Cit Group/Credit Finance as "Lender" and Green Isle Environmental Services, Inc., D/B/a Reuter Manufacturing, Inc., as "Borrower" (The "Loan and Security Agreement") Gentlemen: The Loan and Security Agreement Is Amended as Follows: 1. Section 9.1 of the Loan and Security Agreement Is Amended by Deleting the Term "February 28, 1997" and Adding in Its Place the Term "February 28, 1998". 2. Section 10.2 of the Loan and Security Agreement Is Amended by Deleting the Term "$2,361,800" and Adding in Its Place the Term "$1,007,200". in All Other Respects, the Loan and Security Agreement Remains Unchanged and in Full Force and Effect. in Consideration of Lender's Agreements Herein, Borrower Agrees to Pay Lender a Fee of $15,000, Which Fee Is Fully Earned and Payable as of This Date. at Lender's Option, Lender May Charge This Fee to Any Loan Account of Borrower Maintained by Lender. Very Truly Yours, the Cit Group/Credit Finance, Inc. By: /S/ Title: V.P. <page> Reuter Manufacturing, Inc. October 12, 1995 Page 2 Agreed and Accepted: Green Isle Environmental Services, Inc. D/B/a Reuter Manufacturing, Inc. By: /S/ Robert D. Klingberg Title: V.P. Engineering
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