EXHIBIT 2.4(A)(V) PRIVATE SUBORDINATION AGREEMENT This Subordination Agreement is executed by SOUTHTRUST BANK OF ALABAMA, NATIONAL ASSOCIATION ("Lender"), ECB, INC. ("Parent"), a Florida corporation, Parent's subsidiaries (collectively, Parent and its...Subordination Agreement • November 13th, 1996 • Handex Environmental Recovery Inc • Hazardous waste management
This Subordination Agreement is executed by SOUTHTRUST BANK OF ALABAMA, NATIONAL ASSOCIATION ("Lender"), ECB, INC. ("Parent"), a Florida corporation, Parent's subsidiaries (collectively, Parent and its current and future subsidiaries are "Borrowers"), and HANDEX CORPORATION (the "Subordinate Creditor"), a Delaware corporation, to induce Lender to extend credit to Borrowers. Lender, Borrowers, and the Subordinate Creditor agree as follows: BACKGROUND. This Subordination Agreement is executed pursuant to the Loan and Security Agreement (the "Credit Agreement") between Lender and Borrow- ers that is dated the same date as this Subordination Agreement. Lender requires the execution of this Subordination Agreement as a condition precedent to extending the line of credit and term loan facilities (collectively, the "Loan") contemplated by the Credit Agreement. Proceeds of the Loan will be used for Borrowers' working capital and to finance Parent's acquisition of the shares of common stock of
Shareholder Number of Shares ----------- ----------------- Eatman 314,666.66 Bannon 314,666.66 Culbreth 189,666.66 ------------ Total 819,000.00 WHEREAS, the Corporation has issued "A" Warrants to Handex to purchase 300,000 shares of the Corporation's...Shareholders Agreement • November 13th, 1996 • Handex Environmental Recovery Inc • Hazardous waste management • Florida
THIS AGREEMENT, made and entered into as of the day of , 1996, by and between ECB INC., a Florida corporation, hereinafter referred to as the "Corporation," GEORGE BANNON ("Bannon"), a resident of Lake County, Florida, ROGER EATMAN ("Eatman"), a resident of Leon County, Florida and S. C. CULBRETH, JR., ("Culbreth") a resident of Buncombe County, North Carolina, HANDEX CORPORATION, ("Handex") a Delaware Corporation, and SOUTHCOAST CAPITAL CORPORATION ("Southcoast") a Corporation, hereinafter collectively referred to as the "Shareholders" and individually referred to as "Shareholder." As used herein, "Shareholder" shall also refer to any future shareholder of the Corporation who becomes subject to the terms and conditions of this agreement. WHEREAS, the Corporation has authorized 1,540,000 shares of Voting Common Stock and 2,000 shares of Series A Preferred Stock; and WHEREAS, all of the Corporation's issued and outstanding shares of Voting Common Stock are owned by Bannon, Eatman, and C
STOCK PURCHASE AGREEMENT DATED NOVEMBER 4, 1996 BETWEEN HANDEX CORPORATION AND ECB, INC.Stock Purchase Agreement • November 13th, 1996 • Handex Environmental Recovery Inc • Hazardous waste management • Florida
This Stock Purchase Agreement ("Agreement") is made as of November 4, 1996, by ECB, INC., a Florida corporation ("Buyer"), and HANDEX CORPORATION, a Delaware Corporation ("Seller").
Exhibit 2.4(a)(vi){PRIVATE } COMPLETION ASSISTANCE AGREEMENT THIS AGREEMENT, dated as of , 19 is made and entered into by and between Handex Corporation, a Delaware corporation ("Handex"), and ECB, Inc., a Florida corporation ("ECB"). WITNESSETH:...Completion Assistance Agreement • November 13th, 1996 • Handex Environmental Recovery Inc • Hazardous waste management • New Jersey
