Full-time Employees
EX-10.18 5 ex10_18.htm EXHIBIT 10.18 ex10_18.htm
Exhibit 10.18
Commercial & Standby LC Amendment Application
| Global Trade Services | Global Trade Services |
| Standby Letter of Credit Department | Commercial Letter of Credit Department |
| 1900 5th Avenue North, 22nd Floor | 10461 NW 117th Avenue, 2nd Floor |
| Birmingham, AL 35203 | Miami, FL 33178 |
| Tel: (868) 828-6928 | Tel: (877) 418-0365 |
| Fax: (205) 264-6027 or ###-###-#### | Fax ###-###-#### |
| Date: | 05/24/2010 | LC Number: | 53816 |
Please issue an amendment to the referenced letter of credit substantially conforming with this application as shown below. In issuing the amendment you are expressly authorized to make such changes in the terms and conditions herein set forth below as you in your sole discretion may deem necessary and/or advisable.
| Existing Applicant Name and Address: | Existing Beneficiary Name and Address: (no post office boxes) | |
| OCEAN BIO-CHEM, INC | TRUSTEE-REGIONS BANK | |
| 4041 SE47TH AVE. | ATTN: CORPORATE TRUST | |
| FORT LAUDERDALE, FL 33314 | 1901 6TH AVE, N,28TH FLOOR | |
| BIRMINGHAM, AL 35203 |
| o Increase amount by | $ | o Decrease amount by | $ |
| To new aggregate amount (before any drawings): | |
| Amend expiration date to be: | 07/31/2011 |
| Amend latest shipping date to be: | |
| Amend other terms and conditions: |
Commissions and fees are to be paid In advance and are non-refundable.
This amendment will be issued subject to the current version of the ICC publication under which the original relevant letter of credit was Issued. Completion and submission of this form by applicant does not obligate Regions Bank to issue the requested amendment to the credit.
Special issuance Instructions to Regions Bank:
| OCEAN BIO-CHEM INC. | ||
| Account Party / Application Name | Guarantor Name | |
 |  | |
| Authorized Account Party / Applicant Signature | Authorized Guarantor Signature | |
| MICHAEL S. JENKINS |  | |
| Relationship Manager Name | Relationship Manager Name |
| Rev. 4.28.09 | Commercial & Standby Amendment Application Form | Page 1of 1 |
Commercial & Standby LC Amendment Application
| Global Trade Services | Global Trade Services |
| Standby Letter of Credit Department | Commercial Letter of Credit Department |
| 1900 5th Avenue North, 22nd Floor | 10451 NW 117th Avenue, 2nd Floor |
| Birmingham, AL 35203 | Miami, FL 33178 |
| Tel: (866) 828-6928 | Tel: (877) 419-0365 |
| Fax: (205) 264-6027 or ###-###-#### | Fax: (786) 845-4952 |
| Date: | 05/24/2010 | LC Number: | 53817 |
Please issue an amendment to the referenced letter of credit substantially conforming with this application as shown below. In issuing the amendment you are expressly authorized to make such changes in the terms and conditions herein set forth below as you in your sole discretion may deem necessary and/or advisable.
| Existing Applicant Name and Address: | Existing Beneficiary Name and Address: (no post office boxes) | |
| OCEAN BIO-CHEM, INC | TRUSTEE- REGIONS BANK | |
| 4041 SE 47TH AVE. | ATTN: CORPORATE TRUST | |
| FORT LAUDERDALE, FL 33314 | 1901 6TH AVE. N, 28TH FLOOR | |
| BIRMINGHAM, AL 35203 |
| o Increase amount by | $ | o Decrease amount by | $ |
| To new aggregate amount (before any drawings): | |
| Amend expiration date to be: | 07/31/2011 |
| Amend latest shipping date to be: | |
| Amend other terms and conditions: |
Commissions and fees are to be paid in advance and are non-refundable.
This amendment will be issued subject to the current version of the ICC publication under which the original relevant letter of credit was issued. Completion and submission of this form by applicant does not obligate Regions Bank to issue the requested amendment to the credit.
Special issuance instructions to Regions Bank:
| OCEAN BIO-CHEM INC. | ||
| Account Party / Application Name | Guarantor Name | |
 | ||
| Authorized Account Party / Applicant Signature | Authorized Guarantor Signature | |
| MICHAEL S. JENKINS |  | |
| Relationship Manager Name | Relationship Manager Signature |
| Rev. 4.28.09 | Commercial & Standby Amendment Application Form | Page 1 of 1 |
