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2 similar Subordination Agreement contracts by Cti Industries Corp

SUBORDINATION AGREEMENT
Subordination Agreement • February 6th, 2006 • Cti Industries Corp • Fabricated rubber products, nec • Illinois

This SUBORDINATION AGREEMENT is entered into as of February 1, 2006 (the "Subordination Agreement"), by and among Stephen M. Merrick, an individual (the "Junior Lender"), whose address is 422 Rosiland Drive, Palatine, Illinois, CHARTER ONE BANK, N.A., a national banking association (the "Senior Lender"), whose address is 71 South Wacker Drive, Suite 2900, Chicago, Illinois 60606, and CTI Industries Corporation, an Illinois corporation (the "Borrower"), whose address is 22160 North Pepper Road, Barrington, Illinois 60010.

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SUBORDINATION AGREEMENT
Subordination Agreement • February 6th, 2006 • Cti Industries Corp • Fabricated rubber products, nec • Illinois

This SUBORDINATION AGREEMENT is entered into as of February 1, 2006 (the "Subordination Agreement"), by and among John H. Schwan, an individual (the "Junior Lender"), whose address is 27 Watergate, South Barrington, Illinois 60010, CHARTER ONE BANK, N.A., a national banking association (the "Senior Lender"), whose address is 71 South Wacker Drive, Suite 2900, Chicago, Illinois 60606, and CTI Industries Corporation, an Illinois corporation (the "Borrower"), whose address is 22160 North Pepper Road, Barrington, Illinois 60010.

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