Allonge to Amended and Restated Revolving Note between Hudson Technologies Company and Keltic Financial Partners, LP

Contract Categories: Business Finance › Note Agreements
Summary

Hudson Technologies Company and Keltic Financial Partners, LP have executed an allonge to amend their existing revolving note, originally dated June 2007 with a principal amount of $10 million. This amendment increases the principal amount of the note, with all other terms remaining unchanged and in full effect. The document also includes schedules listing Hudson's subsidiaries, affiliates, leased real estate, and intellectual property holdings. Both parties have agreed to the changes as of the date of execution.

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EX-10.16 6 k10_2010-ex1016sch52to515.htm EXHIBIT 10.16 H, SCHEDULE 5.1 TO 5.15 EXHIBIT H

EXHIBIT H

FORM OF ALLONGE

ALLONGE TO AMENDED AND RESTATED REVOLVING NOTE

ENDORSEMENT SEPARATE FROM INSTRUMENT

Maker:

  

Hudson Technologies Company

Payee:

  

Keltic Financial Partners, LP

Date of Note:

  

June ___, 2007

Original Principal Amount:

  

$10,000,000

 

This Allonge shall be and remain attached to and shall constitute an integral part of the above-described Amended and Restated Revolving Note (the "Note") from and after the date hereof.

Effective as of the date hereof, the principal amount of the Note is hereby increased by $_________ to $_______________, and all references to the term "$___________" (whether written or numerical) in the Note are hereby replaced with the term "$______________".

Except as expressly amended by this Allonge, the provisions of the Note shall remain in full force and effect and are hereby ratified and confirmed by the undersigned including, without limitation, the confession of judgment provisions thereof.

IN WITNESS WHEREOF, the undersigned, intending to be legally bound, has caused this Allonge to be executed by its duly authorized officer as of the day of __________, 200__.

HUDSON TECHNOLOGIES COMPANY

By:_________________________________

Name: Brian F. Coleman

Title: President and Chief Operating Officer

 

Acknowledged and Agreed to:

KELTIC FINANCIAL PARTNERS, LP

By: KELTIC FINANCIAL SERVICES LLC, its general partner

By: _______________________________________

Name:

Title:

JIHUHU

Schedule 5.2

Other Names

Hudson Technologies Company

dba Hudson Technologies of Tennessee

dba Hudson Technologies Company of Tennessee

Schedule 5.3

Subsidiaries and Affiliates

 

Parent Company is Hudson Technologies, Inc. ("Parent"), a New York corporation

Parent is the sole stockholder of Hudson Holding's, Inc. ("Holding"), a Nevada Corporation

Holding is the sole stockholder of Borrower, Hudson Technologies Company, a Tennessee Corporation

The following Persons may be deemed "Affiliates" as that term is defined in Section 1.3:

Hudson Technologies, Inc.

Hudson Holdings, Inc.

Fleming US Discovery Fund III, LP

Fleming US Discovery Offshore Fund III, L.P.

Schedule 5.8
Real Estate

Leased by Borrower

Facility

Address

Landlord

Term

Seattle, Wa

320 26th St. NW, Ste 9

Park 26, LLC

5/1/06 -4/30/07
 

Auburn, Washington

c/o The Andover Company, Inc.

currently month to month
   

415 Baker Boulevard, Suite 200

  
   

Tukwila, WA 98188

  
       

Charlotte, NC

3300 International Airport Dr

AMB Institutional Alliance

9/15/04 - 11/30/09
 

Suite 800

c/o CB Richard Ellis

  
 

Charlotte, North Carolina

201 South College Street

  
   

Charlotte, NC 28244

  
       

Pearl River, NY

275 N. Middletown Road

275 N. Middletown Road, LLC

1/1/03 - 12/31/07
 

Pearl River, New York

275 North Middletown Road

  
   

Pearl River, New York 10965

  
       

Baton Rouge, La.

11245 Airline Highway

Reulet Family Holdings, LLC

8/1/02 - 7/31/05
 

Baton Rouge, Louisiana

c/o John A. Reulet, Sr., President

currently month to month
   

3037 Jones Creek Road

  
   

Baton Rouge, Louisiana 70817

  
       

Raymond, NH

64 Freetown Rd, Ste. 3

Kountry Donut & Bake Shop, Inc.

6/1/06 - 6/30/07
   

64 Freetown Rd.

  
   

Raymond, NH

  
       

Pottsboro, TX

501 Hwy 120 North

the Preston Plaza ownership

9/14/06 -8/31/08
 

Suites 101 & 102

acting herein and through

  
 

Pottsboro, TX 75076

Regina Hogenson", 142 Chrissa Dr.

  
   

Pottsboro, Texas 75076

  
       

Orangeburg, NY

50 Ramland Road

50 Ramland LLC

6/15/06 - 6/30/11
 

Orangeburg, NY

Orangeburg, NY 10962

  
       
       

Owned

3402 North Mattis Ave, Champaign, Illinois 61821 - acquired 5/31/05

Schedule 5.9

Intellectual Property

US Patents

TITLE-NAME

TYPE

INVENTOR

OWNER

DATE ISSUED

NUMBER
           

Method & Apparatus

          

for Refrigerant

          

Reclamation

Patent

K. Zugibe

Hudson 210

1/3/95

5,377,499
           

Hydraulic System

          

for Recovering

          

Refrigerants

Patent

K. Zugibe

Hudson 209

4/2/96

5,502,974
           

Method & Apparatus

          

for Reclaiming a

          

Refrigerant

Patent

J. Todack

Hudson

6/11/91

5,022,230
           

Apparatus for Recovering

          

and Analyzing Volatile

          

Refrigerants

Patent

K. Zugibe

Hudson

9/8/98

5,802,859
           

Apparatus & Method

          

and Analyzing Volatile

          

Refrigerants

Patent

K. Zugibe

Hudson

11/7/00

6,141,977
           

Method & Apparatus

          

For Sonic Cleaning of

          

Heat Exchangers

Patent

K. Zugibe

Hudson 204

9/18/01

6,290,778
           

Apparatus & Method

          

For Flushing a

  

K. Zugibe &

      

Chiller System

Patent

A. Mika

Hudson 203

3/19/02

6,357,240
           

Apparatus & Method

          

For Flushing a

  

A. Mika &

      

Refrigeration System

Patent

C. Harkins

Hudson 202

12/26/00

6,164,080
           

Method & Apparatus

          

For Measuring and

          

Improving Efficiency

  

K. Zugibe &

      

In Refrigeration Systems

Patent

D. Schmidt

Hudson 206A

1/14/03

6,505,475
           

Method & Apparatus

          

For Measuring and

          

Improving Efficiency

  

K. Zugibe &

      

In Refrigeration Systems

Patent Pending

D. Schmidt

Hudson 206.1

filed 1/7/03

App. # 10/338,941
 

Allowed 4/19/05

        
           

Method & Apparatus

          

For Measuring and

          

Improving Efficiency in

  

K. Zugibe &

    

App. # 11/182,249

Refrigeration Systems

Patent Pending

D. Schmidt

Hudson 206.2

filed 7/14/05

Allowed 3/15/06 11/182,249

Schedule 5.9 (continued)

Method & Apparatus

          

For Measuring and

          

Improving Efficiency

  

K. Zugibe &

      

In Refrigeration Systems

Patent Pending

D. Schmidt

Hudson

filed 1/7/00

6,505,475
           

Method & Apparatus

          

For Optimizing

          

Refrigeration Systems

Provisional

K.Zugibe

Hudson 208

filed 12/19/02

60/434,847
 

Patent App.

    

Filed 12/9/03

10/730791

FOREIGN PATENTS

Method & Apparatus

        

for Reclaiming a

        

Refrigerant

Patent J. Todack

CANADA

Exp. 5/24/11

Patent # 2,084,088
         

Method & Apparatus

        

For Optimizing

        

Refrigeration Systems

PCT K.Zugibe

Hudson 208PCT

filed 12/9/03

PCT/US03/39175
         

Method & Apparatus

        

for Refrigerant

  

Hudson 210

    

Reclamation

Patent K. Zugibe

BRAZIL

Patent Issued 8/8/00

Expires 12/6/2014,
       

Patent #PI9404879-7 8/8/00
         
   

CANADA

Patent Issued 8/20/02

Expires 12/8/2014,
       

Patent #2137771
         
   

CHINA

Patent issued 11/9/2001

Expires 12/9/2014,
       

Reg. #82500
         
   

COSTA RICA

Patent Pending,

  
     

application filed 12/7/94

SN 5042
         
   

ISRAEL

Patent issued 10/14/97

Expires 12/6/14,
       

Patent#111899
         
   

JAPAN

Patent issued

  
     

application filed 12/8/94

SN 331070/94
         
   

MEXICO-

Patent Issued 6/25/99 - Expires 12/9/14,

Patent # 192486
         
   

POLAND -

Patent Issued 12/1/98 - Expires 12/5/14.

Patent#176 518
         
   

RUSSIA-

Patent Issued 8/20/99 - Expires 8/20/14.

Patent # 2134851
         
   

EUROPEAN COMMUNITY -

Patent Issued 3/31/99. Expires 12/8/14.

Patent # 0682218
         
   

(Belgium, Denmark, France, Germany, Italy, Netherlands, Spain, Sweden, Switzerland/Liechtenstein, United Kingdom)
         

 

 

Schedule 5.9 (continued)

Method & Apparatus

        

For Optimizing

        

Refrigeration Systems

K. Zugibe

HUDSON 208

    
   

Australia

filed 6/7/05

App # 2003300845
   

Canada

filed 6/6/05

App # 2,509,207
   

China

filed 8/9/05

App # 200380109603.5
   

Eur. Comm.

filed 4/29/05

App # 03 812 911.0
   

India

filed 6/7/05

App # 1306/KOL NP/05
   

Israel

filed 6/7/05

App # 169,052
   

Japan

filed 6/9/05

App # 2005-511749
   

So. Korea

filed 6/9/05

App # 2005 ###-###-####
   

Mexico

filed 6/10/05

App # PA/a/2005/006174
   

New Zealand

filed 6/13/05

App # 540685
   

Philippine

filed 6/9/05

App # 501094-1-05
   

Poland

filed 10/13/05

App # P 377583
   

Eurasian

filed 7/8/05

App # 200500945
   

Singapore

filed 6/9/05

App # 200503690-0
   

South Africa

filed 6/8/05

App # 2005/04679
         
   

HUDSON 208.1

    
   

South Africa

filed 6/5/06

App # 2006/04590

 

 

US TRADEMARKS

TITLE-NAME

TYPE

INVENTOR

OWNER

DATE ISSUED

NUMBER
           

GLACIER

Trademark

N/A

Hudson 806

3/2/99

2,227,148
           

ZUGIBEAST

Trademark

N/A

Hudson 805

7/9/96

1,985,422
           

HTI

Service Mark

N/A

Hudson

4/23/96

1,970,063
 

Trademark

        
           

R-SIDE

Service Mark

N/A

Hudson 808

11/7/00

Ser. # 75/532328
 

Trademark

    

7/30/02

Reg # 2601434
           

REFRIGERANTSIDE

Service Mark

N/A

Hudson 807

10/24/00

Ser. # 75/532327
 

Trademark

    

4/9/02

Reg # 2559214
           

Hudson Technologies, Inc.

Service Mark

        
 

Trademark

N/A

Hudson 804

4/23/96

1,969,986
           

Chiller Chemistry

Service Mark

        
 

Trademark

N/A

Hudson 803

3/21/05

Ser #78/591,426
           

ChillerSmart

Service Mark

        
 

Trademark

N/A

Hudson 802

3/21/05

Ser #78/591,413
           

Schedule 5.9 (continued)

 

FOREIGN TRADEMARKS

TITLE-NAME

  

INVENTOR

  

COUNTRY

DATE

NUMBER
             

Chiller Chemistry

Service Mark

  

HUDSON 803

      
 

Trademark

N/A

  

South Africa

10/17/05

2005/19998
       

MPU

9/21/05

878513
             

ChillSmart

Service Mark

  

HUDSON 802

      
 

Trademark

N/A

  

South Africa

10/17/05

2005/19997
       

MPU

9/22/05

878512
             

 

Patent Licenses

Reciprocal licenses between Parent and Borrower (not formalized)

License of Borrower's Patent #5,022,230 granted to James Todack for a total of 10 machines that were leased to Borrower in 1994, of which six were purchased by Borrower in 2001 and four were returned to James Todack in 2001.

License to The BOC Group PLC, and BOC Limited, pursuant to Agreements, dated June 23, 2003, to utilize equipment and to use Trademarks in the United Kingdom and the Republic of Ireland.

License to The BOC Group PLC and African Oxygen Limted, pursuant to Agreement dated March 23, 2004, to utilize equipment and to use Trademarks in the Republic of South Africa.

Trademark Licenses

All trademarks licensed to Borrower (not formalized)

License to The BOC Group PLC, and BOC Limited, pursuant to Agreements, dated June 23, 2003, to utilize equipment and to use Trademarks in the United Kingdom and the Republic of Ireland.

License to The BOC Group PLC and African Oxygen Limted, pursuant to Agreement dated March 23, 2004, to utilize equipment and to use Trademarks in the Republic of South Africa.

Copyrights

None

Copyright Licenses

None

Schedule 5.13

Litigation

None

 

 

 

 

Schedule 5.14

Receivables Locations

 

Facility

Address

Landlord

Term
       

Pearl River, NY

275 N. Middletown Road

275 N. Middletown Road, LLC

1/1/03 - 12/31/06
 

Pearl River, New York

275 North Middletown Road

  
   

Pearl River, New York 10965

  

Schedule 5.15

Current Inventory Locations - as of 3/31/07

Facility

Address

Landlord

Term

Seattle, Wa.

1320 26th St. NW, Ste 9

Park 26, LLC

5/1/06 -4/30/07
 

Auburn, Washington

c/o The Andover Company, Inc.

  
   

415 Baker Boulevard, Suite 200

  
   

Tukwila, WA 98188

  
       

Charlotte, NC

3300 International Airport Dr.

AMB Institutional Alliance

9/15/04 - 11/30/09
 

Suite 800

c/o CB Richard Ellis

  
 

Charlotte, North Carolina

201 South College Street

  
   

Charlotte, NC 28244

  
       

Pearl River, NY

275 N. Middletown Road

275 N. Middletown Road, LLC

1/1/03 - 12/31/07
 

Pearl River, New York

275 North Middletown Road

  
   

Pearl River, New York 10965

  
       

Baton Rouge, La.

11245 Airline Highway

Reulet Family Holdings, LLC

8/1/02 - 7/31/05
   

c/o John A. Reulet, Sr., President

currently month to month
   

3037 Jones Creek Road

  
   

Baton Rouge, Louisiana 70817

  
       

Raymond, NH

64 Freetown Rd, Ste. 3

Kountry Donut & Bake Shop, Inc.

6/1/06 - 6/30/07
 

Raymond, NH

64 Freetown Rd.

  
   

Raymond, NH

  
       

Pottsboro, TX

501 Hwy 120 North

the Preston Plaza ownership

9/14/06 -8/31/08
 

Suites 101 & 102

acting herein and through

  
 

Pottsboro, TX 75076

Regina Hogenson", 142 Chrissa Dr.

  
   

Pottsboro, Texas 75076

  
       

Orangeburg, NY

50 Ramland Road

50 Ramland LLC

6/15/06 - 6/30/11
 

Orangeburg, NY

Orangeburg, NY 10962

  
       

Champaign, Il.

3402 North Mattis Ave

    
 

Champaign, Illinois 61821

Company owned - acquired 5/31/05

  
       

 

 

The Company is currently storing one vehicle, a trailer, various pieces of service equipment, and approximately 5,000 lbs. of refrigerant at a facility operated by CEM-CORP, located at 3191 Commercial Street San Diego, California 92113

In addition to the foregoing, the Borrower maintains inventory at the following bonded warehouses:

Associated Transfer & Storage, Inc., 301 Wilbur Heights Road, Champaign, Illinois

Freeport Distribution Inc., 4802 W. Polk, Phoenix, Arizona 85043

Lone Star Integrated Distribution, Inc., 800 Burnett, Houston, Texas 77009

Texas Cartage Warehouse, Inc., 12344 E. Northwest Hwy., Dallas, Texas 75228

Larsen Warehousing & Distribution, Inc., 11685 E. 53rd Ave., Denver CO 80239