FIRST AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • March 30th, 2005 • Tor Minerals International Inc • Industrial inorganic chemicals
This First Amendment to Security Agreement amends that Security Agreement dated December 12, 2003 (the "Agreement"), by and among TOR MINERALS INTERNATIONAL, INC., a Delaware corporation (the "Debtor") and PAULSON RANCH, LTD., D & C H TRUST, and DOUGLAS MACDONALD HARTMAN FAMILY IRREVOCABLE TRUST (collectively, the "Secured Party").
SECOND AMENDED AND RESTATED LOAN AGREEMENTRatification Agreement • March 30th, 2005 • Tor Minerals International Inc • Industrial inorganic chemicals • Texas
This Second Amended and Restated Loan Agreement ("Agreement" or "Loan Agreement") dated as of December 21, 2004, by and between BANK OF AMERICA, N.A., a national banking association ("Lender"), and TOR MINERALS INTERNATIONAL, INC., a Delaware corporation. This Agreement amends and restates that prior Amended and Restated Loan Agreement between Borrower and Lender dated August 23, 2002, as amended.
Form of Nonqualified Option Agreement for DirectorsNonqualified Stock Option Agreement • March 30th, 2005 • Tor Minerals International Inc • Industrial inorganic chemicals
A Nonqualified Stock Option (the "Option") for a total of Two Thousand Five Hundred (2,500) shares (collectively,"Option Shares") of TOR Minerals International, Inc. (the "Company"), is hereby granted to _________ (the "Optionee") at the price determined in this Option and in all respects subject to the terms, definitions and provisions, of the 2000 Incentive Plan for TOR Minerals International, Inc.(the "Plan"), which is incorporated herein by reference, except to the extent otherwise expressly provided in this Option.
Form of Incentive Stock Option Agreement for Officers AIncentive Stock Option Agreement • March 30th, 2005 • Tor Minerals International Inc • Industrial inorganic chemicals
A Incentive Stock Option (the "Option") for a total of shares (collectively,"Option Shares") of TOR Minerals International, Inc. (the "Company"), is hereby granted to _________ (the "Optionee") at the price determined in this Option and in all respects subject to the terms, definitions and provisions, of the 2000 Incentive Plan For TOR Minerals International, Inc. (the "Plan"), which is incorporated herein by reference, except to the extent otherwise expressly provided in this Option.
Form of Incentive Stock Option Agreement for Officers BIncentive Stock Option Agreement • March 30th, 2005 • Tor Minerals International Inc • Industrial inorganic chemicals
A Incentive Stock Option (the "Option") for a total of shares (collectively,"Option Shares") TOR Minerals International, Inc. (the "Company"), is hereby granted to ______(the "Optionee") at the price determined in this Option and in all respects subject to the terms, definitions and provisions, of the 2000 Incentive Plan For TOR Minerals International, Inc. (the "Plan"), which is incorporated herein by reference, except to the extent otherwise expressly provided in this Option.
