Mace Security International Inc Watch

from 10-Q 3 pages This Agreement Is Dated as of May 4, 2012, by and Between Mace Security International, Inc. (The "Borrower") and Jpmorgan Chase Bank, N.A. (Together With Its Successors and Assigns the "Bank"). the Provisions of This Agreement Are Effective on March 31, 2012 (The "Effective Date"). Whereas, the Borrower and the Bank Entered Into a Credit Agreement Dated October 31, 2006, as Amended (If Applicable) (The "Credit Agreement"); and Whereas, the Borrower Has Requested and the Bank Has Agreed to Amend the Credit Agreement as Set Forth in This Agreement; Now, Therefore, in Mutual Consideration of the Agreements Contained Herein and for Other Good and Valuable Consideration, the Parties Agree as Follows: 1. Defined Terms. Capitalized Terms Used in This Agreement Shall Have the Same Meanings as in the Credit Agreement, Unless Otherwise Defined in This Agreement. 2. Modification of Credit Agreement. the Credit Agreement Is Hereby Amended as Follows: 2.1 From and After the Effective Date, Section 4.5of the Credit Agreement Is Hereby Amended and Restated to Read as Follows: 4.5 Financial Reports. Furnish to the Bank Whatever Information, Statements, Books and Records the Bank May From Time to Time Reasonably Request, Including at a Minimum

from 10-K 2 pages 1. Defined Terms. Capitalized Terms Used in This Agreement Shall Have the Same Meanings as in the Credit Agreement, Unless Otherwise Defined in This Agreement. 2. Modification of Credit Agreement. the Credit Agreement Is Hereby Amended as Follows: 2.1 From and After the Effective Date, the Provision in the Credit Agreement Under Section 5.2 Captioned "N. Liquidity" Is Hereby Deleted. 3. Ratification. the Borrower Ratifies and Reaffirms the Credit Agreement and the Credit Agreement Shall Remain in Full Force and Effect as Modified by This Agreement

from S-1/A 4 pages Whereas, the Borrower Executed Promissory Note Dated as of June 21, 1996 in the Original Principal Amount of One Million Nine Hundred Seventy Thousand and 00/100 Dollars ($1,970,000.00), as Amended by a Modification Agreement Dated as of June 21, 2001 and as the Maturity Was Extended to April 21, 2011 Pursuant to a Note Modification Agreement Dated as of April 16, 2009 (As Same May Have Been Amended or Modified From Time to Time, the “Note”) as Evidence of an Extension of Credit From the Bank to the Borrower, Which Note Has at All Times Been, and Is Now, Continuously and Without Interruption Outstanding in Favor of the Bank; And, Whereas, the Borrower Has Requested and the Bank Has Agreed That the Note Be Modified to the Limited Extent as Hereinafter Set Forth in This Agreement; Now Therefore, in Mutual Consideration of the Agreements Contained Herein and for Other Good and Valuable Consideration, the Parties Agree as Follows: 1. Accuracy of Recitals. the Borrower Acknowledges the Accuracy of the Recitals Stated Above. 2. Definitions. Capitalized Terms Used in This Agreement Shall Have the Same Meanings as in the Note, Unless Otherwise Defined in This Agreement. 3. Modification of Note. 3.1 the “Maturity Date” of the Note Is Hereby Extended From April 21, 2011 to July 21, 2011

from 10-K 2 pages 1. Defined Terms. Capitalized Terms Used in This Agreement Shall Have the Same Meanings as in the Credit Agreement, Unless Otherwise Defined in This Agreement. 2. Modification of Credit Agreement. the Credit Agreement Is Hereby Amended as Follows: 2.1 From and After the Effective Date, Section 5.2 N of the Credit Agreement Captioned “Liquidity” Is Hereby Amended and Restated to Read as Follows: N. Liquidity. Permit at Any Time Its Total of Unencumbered Cash and Marketable Securities to Be Less Than $1,500,000.00. 3. Ratification. the Borrower Ratifies and Reaffirms the Credit Agreement and the Credit Agreement Shall Remain in Full Force and Effect as Modified by This Agreement

from 10-Q 13 pages Jpmorgan Chase Bank, N.A. Modification, Renewal and Extension of Note, Liens and Credit Agreement

from 10-Q 2 pages 1. Defined Terms. Capitalized Terms Used in This Agreement Shall Have the Same Meanings as in the Credit Agreement, Unless Otherwise Defined in This Agreement. 2. Modification of Credit Agreement. the Credit Agreement Is Hereby Amended as Follows From and After the Effective Date: 2.1 the Provision in the Credit Agreement Under Section 5.2 Captioned "N. Liquidity" Is Hereby Amended and Restated to Read as Follows: N. Liquidity. Permit at Any Time Its Total of Unencumbered Cash and Marketable Securities to Be Less Than $3,000,000.00. 3. Ratification. the Borrower Ratifies and Reaffirms the Credit Agreement and the Credit Agreement Shall Remain in Full Force and Effect as Modified by This Agreement

from 10-Q 9 pages This Agreement Dated as of October 31, 2006 Between Jpmorgan Chase Bank, N.A. (Together With Its Successors and Assigns, the "Bank"), Whose Address Is 500 East Border Street, Arlington, Tx 76010, and Mace Security International, Inc. (Whether One or More, and if More Than One, Individually and Collectively, the "Borrower"), Whose Address Is 1000 Crawford Place, Suite 400, Mt. Laurel, Nj 08054. the Provisions of This Agreement Are Effective on September 30, 2006. 1. Credit Facilities

from 10-K 3 pages 1. Defined Terms. Capitalized Terms Not Defined Herein Shall Have the Meaning Ascribed in the Credit Agreement. 2. Modification of Credit Agreement. the Credit Agreement Is Hereby Amended as Follows: 2.1 From and After the Effective Date, Section 1 of the Credit Agreement, Captioned “Credit Facilities” Is Hereby Amended and Restated as Follows: 1.1 Scope. This Agreement Governs Facility A, And, Unless Otherwise Agreed to in Writing by the Bank and the Borrower or Prohibited by Applicable Law, Governs the Credit Facilities as Defined Below

from 10-Q 1 page Credit Agreement

from 10-K ~20 pages Line of Credit Note and Credit Agreement

from 10-K ~10 pages Promissory Note and Loan Agreement Dated October 31, 2002

from 10KSB ~5 pages Third Amendment to Business Loan Agreement

from 10KSB ~20 pages Loan Agreement & Promissory Note

from 10KSB ~20 pages Business Loan Agreement

from 10KSB ~20 pages Loan Agreement and Promissory Note

from 10KSB ~10 pages Material contract

from 10QSB ~50 pages Closing Documents - $250,000 Line of Credit

from 10QSB 1 page Second Modification of Loan Agreement

from 10KSB 1 page April 14, 1997 Mace Security International, Inc. 160 Benmont Avenue Bennington, Vermont 05201 the Undersigned Hereby Agrees to Loan to Mace Security International, Inc. (The Company) in the Form of a Line of Credit an Amount of Up to $375,000 Which Borrowing Will Be Evidenced by a Promissory Note Containing Standard Terms and Conditions Including the Following: A) the Note Will Bear Interest at a Rate Equal to 1.25% Percentage Point(s) in Excess of the Prime Rate as in Effect From Time to Time. B) the Term of the Note Will Be One Year From the Date Hereof, at Which Time All Accrued Interest and Unpaid Principal Will Be Due and Payable; Provided That the Note Will Be Payable at Such Earlier Time as the Company Secures a Bank Line of Credit or Similar Financing in an Amount of at Least $750,000. Borrowings Under the Line of Credit Will Be Documented Through the Issuance of a Formal Note and Can Be Drawn Upon the Request of the Board of Directors of the Company. Any Such Requests for Borrowings Made by the Board of Directors of the Company Shall Be Made Equally to Marvin P. Brown and the Undersigned as Lender and Each Shall Loan One-Half of the Amount Requested. However, Should Mr. Brown Be Unable to or Fail to Make the Loan Requested, the Undersigned Shall Provide All of the Funds Requested, Up to $375,000. /S/ Jon E. Goodrich /S/ Marvin P. Brown - Jone E. Goodrch Marvin P. Brown, Chairman of the Board as Lender

from 10KSB 1 page April 14, 1997 Mace Security International, Inc. 160 Benmont Avenue Bennington, Vermont 05201 the Undersigned Hereby Agrees to Loan to Mace Security International, Inc. (The Company) in the Form of a Line of Credit an Amount of Up to $375,000 Which Borrowing Will Be Evidenced by a Promissory Note Containing Standard Terms and Conditions Including the Following: A) the Note Will Bear Interest at a Rate Equal to 1.25% Percentage Point(s) in Excess of the Prime Rate as in Effect From Time to Time. B) the Term of the Note Will Be One Year From the Date Hereof, at Which Time All Accrued Interest and Unpaid Principal Will Be Due and Payable; Provided That the Note Will Be Payable at Such Earlier Time as the Company Secures a Bank Line of Credit or Similar Financing in an Amount of at Least $750,000. Borrowings Under the Line of Credit Will Be Documented Through the Issuance of a Formal Note and Can Be Drawn Upon the Request of Management. Any Such Requests for Borrowings Made by the Company Shall Be Made Equally to Jon E. Goodrich and the Undersigned as Lender and Each Shall Loan One-Half of the Amount Requested. However, Should Mr. Goodrich Be Unable to or Fail to Make the Loan Requested, the Undersigned Shall Provide All of the Funds Requested, Up to $375,000. /S/ Marvin P. Brown /S/ Jon E. Goodrich - Marvin P. Brown Jon E. Goodrich, President as Lender