FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 20th, 2006 • Cti Industries Corp • Fabricated rubber products, nec • Illinois
THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (the “Amendment”) is executed and entered into this 28th day of June, 2006 by and between CTI Industries Corporation, an Illinois corporation and CTI Helium, Inc. (collectively the “Borrower”) and Charter One Bank, N.A., a national banking association (“Bank”) and amends, as of the date hereof, the Loan and Security Agreement between the parties dated February 1, 2006 (the “Loan Agreement”). Capitalized terms used herein without definition shall have the meanings ascribed to them in the Loan Agreement.
