MORTGAGE AND SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENTWsi Industries Inc • May 11th, 2004 • Metalworkg machinery & equipment
RECITALStock Purchase Agreement • August 23rd, 1999 • Wsi Industries Inc • Electronic components, nec • Minnesota
EXHIBIT 10.2 WSI INDUSTRIES, INC. NON-QUALIFIED STOCK OPTION AND STOCK APPRECIATION RIGHTS AGREEMENT (2005 PLAN) THIS AGREEMENT, made as of this ___ day of __________, 2007, between WSI Industries, Inc., a Minnesota corporation (the "Company") and...Agreement • March 1st, 2007 • Wsi Industries, Inc. • Metalworkg machinery & equipment
ARTICLE I DEFINITIONSLoan Agreement • January 8th, 2003 • Wsi Industries Inc • Metalworkg machinery & equipment • Minnesota
AGREEMENTAgreement • December 3rd, 2002 • Wsi Industries Inc • Metalworkg machinery & equipment
This will confirm the agreement by and among all the undersigned for the withdrawal of each Michael N. Taglich, Robert F. Taglich, B. Kent Garlinghouse, Denis Fortin and John R. Wiencek from the "group," within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, by and among any of the undersigned formed in connection with filing that certain Schedule 13D filed on October 18, 2002 on behalf of each of the undersigned with respect to the beneficial ownership of the undersigned of the common stock, par value $.10 per share, of WSI Industries, Inc. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together constitute one and the same instrument.
ARTICLE 1 PURCHASE AND SALE OF ASSETSAsset Purchase Agreement • March 4th, 2002 • Wsi Industries Inc • Metalworkg machinery & equipment • Minnesota
LEASELease • March 2nd, 1999 • Wsi Industries Inc • Electronic components, nec
RECITALStock Purchase Agreement • March 2nd, 1999 • Wsi Industries Inc • Electronic components, nec • Minnesota
Exhibit 10.1 PURCHASE AGREEMENT THIS AGREEMENT is made as of March 12, 2004 (the "Effective Date"), between REMMELE ENGINEERING, INC., a Minnesota corporation ("Seller"), and WSI INDUSTRIES, INC., a Minnesota corporation, or its assigns ("Buyer"). In...Purchase Agreement • May 11th, 2004 • Wsi Industries Inc • Metalworkg machinery & equipment
Exhibit 10.3 LOAN AGREEMENT This Loan Agreement ("Agreement") is made this 3rd day of May, 2004, by and among WSI Industries, Inc., a Minnesota corporation, having the address described in section VII.F hereof ("Borrower"), Excel Bank Minnesota,...Loan Agreement • May 11th, 2004 • Wsi Industries Inc • Metalworkg machinery & equipment • Minnesota
Exhibit 10.5 LOAN AGREEMENT This Loan Agreement ("Agreement") is made this 3rd day of May, 2004, by WSI Industries, Inc., a Minnesota corporation ("Borrower") and the Monticello Economic Development Authority ("Lender"), a public body corporate and...Loan Agreement • May 11th, 2004 • Wsi Industries Inc • Metalworkg machinery & equipment • Minnesota
EXHIBIT 10.1 FIFTH AMENDMENT AND MODIFICATION OF REVOLVING LINE OF CREDIT PROMISSORY NOTE, LOAN AGREEMENT AND REAFFIRMATION OF GUARANTIES This Fifth Amendment and Modification of Revolving Line of Credit Promissory Note, Loan Agreement and...Wsi Industries, Inc. • January 8th, 2007 • Metalworkg machinery & equipment • Minnesota
RECITALSCredit and Security Agreement • November 19th, 2001 • Wsi Industries Inc • Metalworkg machinery & equipment • Minnesota
Exhibit 10.8 SECOND AMENDMENT AND MODIFICATION OF REVOLVING LINE OF CREDIT LOAN AGREEMENT AND REAFFIRMATION OF GUARANTIES This Amendment and Modification of Revolving Line of Credit Loan Agreement and Reaffirmation of Guaranties ("Amendment") is made...Wsi Industries Inc • May 11th, 2004 • Metalworkg machinery & equipment • Minnesota
EXHIBIT 10.11 AMENDMENT NO. 1 TO EMPLOYMENT (CHANGE IN CONTROL) AGREEMENT This Amendment made as of November 1, 2002 between WSI Industries, Inc., a Minnesota corporation (hereinafter called the "Company"), and Paul Sheely (the "Executive"). WHEREAS,...Control) Agreement • November 22nd, 2002 • Wsi Industries Inc • Metalworkg machinery & equipment
EXHIBIT 10.1 THIRD AMENDMENT AND MODIFICATION OF REVOLVING LINE OF CREDIT PROMISSORY NOTE, LOAN AGREEMENT AND REAFFIRMATION OF GUARANTIES This Third Amendment and Modification of Revolving Line of Credit Promissory Note, Loan Agreement and...Wsi Industries, Inc. • January 12th, 2005 • Metalworkg machinery & equipment • Minnesota
LOAN AGREEMENTLoan Agreement • August 23rd, 1999 • Wsi Industries Inc • Electronic components, nec • Minnesota
RECITALSNon-Compete Agreement • August 23rd, 1999 • Wsi Industries Inc • Electronic components, nec • Minnesota
WITNESSETH:Employment Agreement • August 23rd, 1999 • Wsi Industries Inc • Electronic components, nec • Minnesota
LEASELease • August 23rd, 1999 • Wsi Industries Inc • Electronic components, nec
RECITALS:Purchase Agreement • June 26th, 2001 • Wsi Industries Inc • Metalworkg machinery & equipment
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • November 17th, 2011 • Wsi Industries, Inc. • Metalworkg machinery & equipment
GUARANTYGuaranty • February 17th, 2017 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS GUARANTY (the “Guaranty”) is executed as of February 15, 2017, by WSI ROCHESTER, INC., a Minnesota corporation (“Guarantor”), for the benefit of TRADITION CAPITAL BANK, a Minnesota banking corporation (“Lender”), with reference to the following facts:
EXHIBIT 10.1 WSI INDUSTRIES, INC. 2005 STOCK PLAN RESTRICTED STOCK AWARD AGREEMENT RECIPIENT: ____________________________ AWARD DATE: ____________________________ RESTRICTED SHARES: ____________________________ LAPSE OF RESTRICTIONS: Restrictions on...Wsi Industries, Inc. • March 1st, 2007 • Metalworkg machinery & equipment • Minnesota
SECOND AMENDMENT TO EMPLOYMENT CHANGE IN CONTROL AGREEMENTEmployment Change in Control Agreement • December 30th, 2008 • Wsi Industries, Inc. • Metalworkg machinery & equipment
This Amendment made as of this 29th day of December, 2008 by and between WSI Industries, Inc., a Minnesota corporation (“WSI”) and Paul D. Sheely (“Sheely”).
GUARANTY BY CORPORATIONWsi Industries, Inc. • August 29th, 2008 • Metalworkg machinery & equipment
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce M&I Marshall & Ilsley Bank, a Wisconsin State banking corporation (herein, with its participants, successors and assigns, called “Bank”), at its option, at any time or from time to time to make loans or extend other accommodations to or for the account of WSI Industries, Inc., a Minnesota corporation (herein called “Borrower”) or to engage in any other transactions with Borrower, the undersigned hereby absolutely and unconditionally guarantees to the Bank the full and prompt payment when due, whether at maturity or earlier by reason of acceleration or otherwise, of the debts, liabilities and obligations described as follows:
GUARANTYGuaranty • May 10th, 2013 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS GUARANTY (this “Guaranty”), is made as May 8, 2013, by WSI Rochester, Inc., a Minnesota corporation, having an address of 213 Chelsea Road, Monticello, MN 55362 (hereinafter called the “Guarantor”) for the benefit of BMO Harris Bank N.A., a national banking association (hereinafter called the “Lender”).
LOAN AGREEMENTLoan Agreement • February 17th, 2017 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS LOAN AGREEMENT (sometimes hereinafter referred to as Date”), by and between WSI INDUSTRIES, INC., a Minnesota corporation (hereinafter referred “Loan Agreement”) made effective as of this 15th day of February, 2017 (the “Effective to as “Borrower”), and TRADITION CAPITAL BANK, a Minnesota state banking corporation (hereinafter referred to as “Lender”).
SECURITY AGREEMENTSecurity Agreement • February 17th, 2017 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS SECURITY AGREEMENT (the “Security Agreement”) is executed as of February 15, 2017, by and between WSI ROCHESTER, INC., a Minnesota corporation, whose address is 213 Chelsea Road, Monticello, MN 55362 (hereinafter called “Guarantor”) does hereby grant unto TRADITION CAPITAL BANK, a Minnesota state banking corporation, whose address is 7601 France Avenue South, Suite 140, Edina, MN 55435 (hereinafter called “Lender”), a security interest in the following described property (hereinafter called “Collateral”):
GUARANTYGuaranty • November 17th, 2011 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS GUARANTY (this “Guaranty”), is made as of the 1st day of February, 2011, by Taurus Numeric Tool, Inc., a Minnesota corporation, having an address of 213 Chelsea Road, Monticello, MN 55362 (hereinafter called the “Guarantor”) for the benefit of M&I Marshall & Ilsley Bank, a Wisconsin banking corporation (hereinafter called the “Lender”).
SECURITY AGREEMENTSecurity Agreement • February 17th, 2017 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS SECURITY AGREEMENT (the “Security Agreement”) is executed as of February 15, 2017, by and between WSI INDUSTRIES, INC., a Minnesota corporation, whose address is 213 Chelsea Road, Monticello, MN 55362 (hereinafter called “Borrower”) does hereby grant unto TRADITION CAPITAL BANK, a Minnesota state banking corporation, whose address is 7601 France Avenue South, Suite 140, Edina, MN 55435 (hereinafter called “Lender”), a security interest in the following described property (hereinafter called “Collateral”):
LOAN AGREEMENTLoan Agreement • May 10th, 2013 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS LOAN AGREEMENT is made and entered into as of May 8, 2013, by and between BMO Harris Bank N.A., a national banking association (“Lender”), and WSI Industries, Inc., a Minnesota corporation (“Borrower”), and WSI Industries, Co., a Minnesota corporation and WSI Rochester, Inc., (jointly "Guarantors", or individually, a "Guarantor").
EIGHTH AMENDMENT AND MODIFICATION OF REVOLVING LINE OF CREDIT PROMISSORY NOTE, LOAN AGREEMENT AND REAFFIRMATION OF GUARANTIESWsi Industries, Inc. • March 30th, 2009 • Metalworkg machinery & equipment • Minnesota
This Eighth Amendment and Modification of Revolving Line of Credit Promissory Note, Loan Agreement and Reaffirmation of Guaranties (“Amendment”) is made effective the 1st day of February, 2009 (“Effective Date”) by and among WSI Industries, Inc., a Minnesota corporation, having an address of 213 Chelsea Road, Monticello, MN 55362 (“Borrower”), Taurus Numeric Tool, Inc., having an address of 213 Chelsea Road, Monticello, MN 55362 and WSI Rochester, Inc., having an address of 213 Chelsea Road, Monticello, MN 55362 (jointly “Guarantor”) and M&I Marshall & Ilsley Bank, having an address of 11455 Viking Drive, Eden Prairie, Minnesota 55344 (“Bank”).
WSI INDUSTRIES LETTERHEAD] Severance Letter Agreement October 7, 2009Wsi Industries, Inc. • October 13th, 2009 • Metalworkg machinery & equipment • Minnesota
The purpose of this Letter Agreement is to set forth our agreement in regard to your severance arrangement. Although your employment is “at will” and may be terminated by you or WSI Industries, Inc. (“WSI”) at any time for any reason, WSI has agreed to provide you with a particular severance pay benefit in the event WSI terminates your employment without Cause (as defined below). Terms not otherwise defined in this letter (the “Letter Agreement”) shall have the meaning given such terms on Schedule 1, which is incorporated herein by reference. WSI’s obligation to you under this Letter Agreement is, among the other requirements set forth below, subject to the condition that you execute a Restricted Covenant Agreement in the form attached as Exhibit A, which is incorporated herein by reference.
FIRST AMENDMENT TO TERM LOAN AGREEMENTTerm Loan Agreement • February 4th, 2014 • Wsi Industries, Inc. • Metalworkg machinery & equipment • Minnesota
THIS FIRST AMENDMENT TO TERM LOAN AGREEMENT (this “Amendment”) is made and entered into as of January 31, 2014, by and between WSI INDUSTRIES, INC., a Minnesota corporation (the “Borrower”) and BMO HARRIS BANK N.A., a national banking association, successor by merger to M&I Marshall & Ilsley Bank (the “Bank”).
