Tarpon Industries Inc – Contract (February 24th, 2005)
EXHIBIT 10.2 GUARANTEE TO: LASALLE BUSINESS CREDIT, A DIVISION OF ABN AMRO BANK N.V., CANADA BRANCH, AS LENDER under the Loan Agreement (as such term is hereinafter defined). 1. For valuable consideration, the undersigned and each of them (if more than one) hereby jointly and severally unconditionally guarantees and promises to pay to LASALLE BUSINESS CREDIT, A DIVISION OF ABN AMRO BANK N.V., CANADA BRANCH, as lender (the "Lender"), the full and prompt payment when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise) and performance of all indebtedness, liabilities and other obligations of Steelbank Inc., as borrower (the "Borrower"), party to the Loan Agreement dated as of the date hereof by and among the Borrower and the Lender, as the same may be amended, supplemented, revised, restated or replaced from time to time (the "
Tarpon Industries Inc – Contract (January 14th, 2005)
EXHIBIT 10.2 FORM OF FIRST AMENDMENT TO PROMISSORY NOTE THIS FIRST AMENDMENT TO PROMISSORY NOTE (this "AMENDMENT") is entered into this 22 day of December, 2004 by and between EUGENE WELDING CO., a Michigan corporation (the "BORROWER"), and CHARLES A. VANELLA (the "LENDER"). WITNESSETH: A. Borrower and Lender are parties to that certain Promissory Note, dated April 2, 2004, in the principal amount of $670,000 (the "Note"). B. Borrower and Lender desire to amend the Note in accordance with the terms and conditions of this Amendment. NOW, THEREFORE, the parties hereto do hereby mutually covenant and agree as follows: 1. The third full paragraph of the Note shall be amended and replaced in its entirety with the following: "Principal and interest shall be payable under this Note as follows. The entire unpaid principal balance and all accrued but unpaid interest under
Tarpon Industries Inc – Contract (November 1st, 2004)
EXHIBIT 10.5 EMPLOYMENT AGREEMENT TENT. EFFECTIVE DATE AUGUST 2, 2004 This Employment Agreement is entered into as of July 8, 2004 among Tarpon Industries Inc., a Michigan corporation (the "Company"), Eugene Welding Company, a Michigan corporation ("EWCO"), and James T. House ("Employee"). In consideration of the mutual covenants contained in this Agreement, the Company, EWCO and Employee agree as follows: 1. Employment During the term of this Agreement (as defined in Sections 2 and 4), the Company and EWCO shall employ Employee, and Employee hereby accepts such employment by the Company and EWCO, on a full time basis, in accordance with the terms and conditions set forth in this Agreement. (a) Position and Duties. Employee shall serve as Senior V.P. & CFO Chief Financial Officer of the Company and of EWCO or in such other position with the Company, EWCO or both as the Board of Director