Modification to Fourth Amendment of Security Agreement between Environmental Elements Corporation and Mercantile-Safe Deposit & Trust Company
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This notice confirms that Mercantile-Safe Deposit & Trust Company is extending the termination date of the line of credit for Environmental Elements Corporation from July 1, 2001, to December 31, 2001, under their existing Revolving Credit and Letter of Credit Agreement. All other terms of the agreement remain unchanged. The modification is formalized in correspondence dated October 25, 2000.
EX-10.1 2 0002.txt MODIFICATION TO FOURTH AMENDMENT Exhibit 10.1 - ------------ NOTICE OF MODIFICATION TO THE FOURTH AMENDMENT TO SECURITY AGREEMENT -------------------------------------------------------------------- Letterhead of Mercantile-Safe Deposit & Trust Company October 25, 2000 Ms. Susan L. Rosebery Environmental Elements Corporation P.O. Box 1318 3700 Koppers Street Baltimore, Maryland 21203 Dear Susan: Reference is made to the Revolving Credit and Letter of Credit Agreement dated November 24, 1993 by and among Environmental Elements Corporation and Mercantile-Safe Deposit and Trust Company as amended, most particularly the Fourth Amendment dated August 31, 1999. This is to confirm that Mercantile is hereby extending the Line of Credit Termination Date specified in Section 2(E) of the Fourth Amendment from July 1, 2001 to December 31, 2001. All other terms and conditions of the Agreement as amended are to remain unchanged. Sincerely, Philip G. Enstice
