Document:

Supplemental Separation Pay Agreement

 Exhibit 10.1 

SUPPLEMENTAL SEPARATION PAY AGREEMENT 

THIS SUPPLEMENTAL SEPARATION PAY AGREEMENT (the “Agreement”) is made as of the 20th day of July, 2010 by and between
ANNE L. STEVENS (“Executive”) and CARPENTER TECHNOLOGY CORPORATION (the “Company”). 

WHEREAS, Executive’s service to the Company in all capacities has ceased; 

WHEREAS, the parties desire to document a complete resolution of all matters between them; and 

WHEREAS, the Company has agreed to pay Executive certain additional amounts and to provide her with certain additional benefits, subject
to the execution of this Agreement. 
 NOW THEREFORE, in consideration of these premises and the mutual promises contained
herein, and intending to be legally bound hereby, the parties agree as follows: 
 SECTION 1. Consideration;
Acknowledgements; References. 
 1.1. Consideration. Subject to Executive’s compliance with the terms of this
Agreement (including, without limitation, Section 5 below), Executive will receive the following: 
 (a) a
lump sum cash payment of $1,760,000 (less tax withholding required by applicable law), payable on the first regularly scheduled pay date for salaried employees that occurs at least 10 days after the date this Agreement is fully executed, provided
the Agreement has by that time become irrevocable; and 
 (b) provided that Executive and her eligible dependents
remain eligible for COBRA continuation coverage under the Company’s group health plan on November 10, 2010, continued health insurance coverage for Executive and her eligible dependents from November 10, 2010 through November 9,
2011 (or, separately with respect to Executive and each eligible dependent, until such earlier date as that person first becomes eligible for coverage under Medicare or a new employer’s group plan) at no cost to Executive. Such continued
coverage will be provided through waiver of the applicable premium for COBRA coverage, post-COBRA continuation under the Company’s group health plan, reimbursement to Executive of the reasonable costs of purchasing individual coverage and/or
such other means as the Company may reasonably select and will be provided consistent with the requirements of Treas. Reg. §§ 1.409A-3(i)(1)(iv)(3), (4) and (5). 

1.2. Acknowledgements. Executive acknowledges that, in the absence of her execution of this Agreement, the benefits, rights and
payments specified in Section 1.1 of this Agreement would not otherwise be due to her. Executive further acknowledges that, except as otherwise provided specifically in this Agreement, the Company does not and will not have any other
liability or obligation to her. 

 1.3. References. Upon reasonable request of Executive, Gregory Pratt (or, if
Mr. Pratt is unavailable, another member of the Company’s Board of Directors (the “Board”) reasonably acceptable to Executive) will provide written or oral references for Executive in support of her candidacy for other
professional positions. 
 SECTION 2. Release and Covenant Not to Sue. 

2.1. Release. The Company (including for purposes of this sentence its parents, affiliates and subsidiaries) hereby fully and
forever releases and discharges Executive (and her heirs, executors and administrators), and Executive hereby fully and forever releases and discharges Company and all its predecessors and successors, subsidiaries, affiliates, assigns, officers,
directors, trustees, stockholders, employees, agents and attorneys, past and present (collectively, the “Released Persons”), from any and all claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of
action, obligations, controversies, debts, costs, expenses, damages, judgments, orders and liabilities, of whatever kind or nature, direct or indirect, in law, equity or otherwise, whether known or unknown, arising through the date of this
Agreement, including, but not limited to, any claims for relief or causes of action under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., or any other federal, state or local statute, ordinance or regulation regarding
discrimination in employment and any claims, demands or actions based upon alleged wrongful or retaliatory discharge or breach of contract under any state or federal law. 

2.2. Covenant Not to Sue. Executive expressly represents that she has not filed a lawsuit or initiated any other administrative
proceeding against any Released Person and has not assigned any such claim to another person or entity. The Company expressly represents that it has not filed a lawsuit or initiated any other administrative proceeding against Executive and has not
assigned any such claim to another person or entity. Both Executive and Company further promise not to initiate or assign any lawsuit or other claim purported to be released by this Agreement. This Agreement will not prevent Executive from filing a
charge with the Equal Employment Opportunity Commission (or similar state agency) or participating in any investigation conducted by the Equal Employment Opportunity Commission (or similar state agency); provided, however, that any claims by
Executive for personal relief in connection with such a charge or investigation (such as reinstatement or monetary damages) will be barred. 

2.3. Claims Not Released. The foregoing will not be deemed to release the Company from claims (a) to enforce this Agreement,
(b) for indemnification under the Company’s By-Laws for acts performed or omissions made by Executive in her capacity as an employee, officer and/or director of the Company, and (c) for continuation of her base salary and health
insurance coverage through November 9, 2010. Similarly, the foregoing will not be deemed to release Executive from claims (x) to enforce this Agreement, (y) arising from acts or omissions by Executive that would constitute a crime, or
(z) not known to any member of the Board or executive management (other than Executive) on the date hereof, provided that a claim will be deemed known if the basis for each material element of the claim could have been ascertained by the Board
or executive management prior to the date hereof upon reasonable inquiry. 
 SECTION 3. Non-Disparagement. No person
authorized to speak on the Company’s behalf with regard to Executive, including without limitation, the Company’s executive officers 

 

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and Board members, will directly or indirectly disparage Executive or her performance or otherwise take any action that could reasonably be expected to adversely affect Executive’s personal
or professional reputation. Similarly, Executive will not directly or indirectly disparage any Released Person or otherwise take any action that could reasonably be expected to adversely affect the personal or professional reputation of any Released
Person. This section will not bar either party from testifying truthfully in any judicial or administrative proceeding 

SECTION 4. Rescission Right. Executive expressly acknowledges and recites that (a) she has read and understands this
Agreement in its entirety, (b) she has entered into this Agreement knowingly and voluntarily, without any duress or coercion; (c) she has been advised orally and is hereby advised in writing to consult with an attorney with respect to this
Agreement before signing it; (d) she was provided twenty-one (21) calendar days after receipt of the Agreement to consider its terms before signing it; and (e) she is provided seven (7) calendar days from the date of signing to
terminate and revoke this Agreement in which case this Agreement shall be unenforceable, null and void. Executive may revoke this Agreement during those seven (7) days by providing written notice of revocation, via overnight delivery with
acknowledgement of receipt requested, to the Company’s Chief Executive Officer at the following address: Carpenter Technology Corporation, 2 Meridian Boulevard, Wyomissing, PA 19610-1339, with a copy to: Barry M. Abelson, Esquire, Pepper
Hamilton LLP, 3000 Two Logan Square, Eighteenth and Arch Streets, Philadelphia, PA 19103-2799. 
 SECTION 5.
Confidentiality; Restrictive Covenants. 
 5.1. Confidential Information. Executive will not disclose or use at
any time any Confidential Information (defined below) of the Company, its parents, subsidiaries, predecessors, successors or affiliates (collectively “the Companies”), whether patentable or not. For purposes of this Agreement,
“Confidential Information” shall include, without limitation, information regarding any of the Companies’ or their customers’ or business partners’: (i) trade secrets or proprietary information;
(ii) business plans and prospective capital expenditures or investments; (iii) financing information and sources; (iv) patent applications, developmental or experimental work, formulas, test data, prototypes, models, and product
specifications; (v) financial data and projections; (vi) sales and marketing strategies, plans and programs and product development information; (vii) business methods, processes and costs; and (vii) personnel data, policies and
plans. “Confidential Information” does not include information that was in Executive’s possession prior to her employment by the Company. The Confidential Information shall remain at all times the property of the Companies.

 5.2. Restrictive Covenants. Reference is hereby made to the contents of the paragraph in that certain letter agreement
dated October 6, 2006 regarding Executive’s terms of employment (the “Offer Letter”) labeled “Restrictive Covenants” (the “Restrictive Covenants”). Executive acknowledges and agrees that the
Restrictive Covenants remain reasonable and necessary to protect the Company’s legitimate business interests, that the Restrictive Covenants will continue in full-force and effect through the second anniversary of the cessation of her service
to the Company and that she has complied and will continue to comply with the Restrictive Covenants in all respects. The Company agrees that, as used in the Restrictive Covenants, the phrase “business that competes with Carpenter” will be
deemed to mean any business engaged in the research, development, manufacture, sale, marketing or distribution of stainless steel, titanium, specialty alloys, or metal fabricated parts or components. 

 

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 5.3. Remedies. Executive acknowledges that any breach of this Section 5 will
cause continuing and irreparable injury to the Company for which monetary damages alone would not be an adequate remedy. Executive therefore agrees that any breach or threatened breach of this section will entitle the Company to injunctive relief,
without posting a bond, in addition to any other remedies that may be available to the Company. If any part of those sections is found to be overbroad, the parties authorize the reviewing court to reform the relevant provisions to provide the
maximum protection for the Company that is legally permitted and to enforce those provisions as reformed. 
 SECTION 6.
Cooperation. Executive agrees to cooperate with the Company, its affiliates and their counsel in connection with any matter relating to her service to the Company (including, without limitation, legal claims, investigations, regulatory
matters and other proceedings). Executive’s reasonable cooperation in connection with such matters shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of
the Company. Executive will render such cooperation in a timely manner on reasonable notice from the Company, provided that the Company will attempt to schedule and limit the need for Executive’s cooperation so as not to unduly interfere with
her personal and other professional obligations. Executive understands that in any legal action, investigation or regulatory proceeding, the Company expects her to provide only accurate and truthful information or testimony. The Company shall
reimburse Executive within 30 days for all reasonable expenses, including travel expenses, that she necessarily incurs in connection with this section (subject to presentment of suitable invoices). For time spent after November 9, 2011
fulfilling her obligations under this section, Executive will be compensated at a rate of $425 per hour. 
 SECTION 7.
Miscellaneous. 
 7.1. No Admission of Liability. This Agreement is not to be construed as an admission of any
violation of any federal, state or local statute, ordinance or regulation or of any duty owed by either party to the other. There have been no such violations, and the Company and Executive each specifically deny any such violations. 

7.2. Agreement Binding. This Agreement will inure to the benefit of, and be binding upon, the Company, Executive and each of their
respective successors, executors, administrators and heirs. 
 7.3. Severability. The provisions of this Agreement are
severable. If any provision or the scope of any provision is found to be unenforceable or is modified by a court of competent jurisdiction, the other provisions (or the affected provisions as so modified) shall remain fully valid and enforceable.

 7.4. Entire Agreement; Amendments. Except as otherwise provided herein, this Agreement contains the entire agreement
and understanding of the parties hereto relating to the subject matter hereof, and merges and supersedes all prior and contemporaneous discussions, 

 

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agreements and understandings of every nature relating subject matter hereof, including without limitation the Special Severance Agreement between Executive and the Company dated August 24,
2007 and the Offer Letter. In making this Agreement, the parties warrant that they did not rely on any representations or statements other than those contained in this Agreement. 

7.5. Amendments; Waivers; Interpretation. No modification or waiver of or amendment to any provision of this Agreement will be
effective unless in writing and signed by Executive and an authorized officer of the Company. A delay or failure by the either party to exercise any right that is the subject of this Agreement will not be construed as a waiver of that right. A
waiver of a breach on any one occasion will not be construed as a waiver of any other breach. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no
presumption or burden of proof shall arise favoring or disfavoring either party by virtue of the authorship of any of the provisions of this Agreement. 

7.6. Company Property. To the extent she has not already done so, Executive agrees to return to the Company within seven days
following her execution of this Agreement any Company property in her possession or control including, without limitation, any identification cards, motor vehicle decals, credit cards, computer hardware/software, mobile communication devices, books,
files (electronic or paper), keys, tools, etc. 
 7.7. Confidentiality of Agreement. The parties agree that the terms,
conditions, amounts and facts of this Agreement are confidential and therefore may not be disclosed to any person or entity, except (a) to the extent that such disclosure is required by law (including, without limitation, as may be necessary to
fulfill the Company’s disclosure or reporting obligations under applicable securities, labor or tax laws or regulations) or by the rules of any stock exchange, (b) for disclosures to their respective attorneys and tax advisors, provided
such advisors agree to maintain the confidentiality of this Agreement, (c) for disclosure to employees, agents and auditors of the Company for the purpose of administering this Agreement and the obligations herein contained, and (d) in
connection with any proceeding to enforce this Agreement. 
 7.8. Governing Law. This Agreement shall be governed by and
enforced in accordance with the laws of the Commonwealth of Pennsylvania, without regard to principles of conflicts of laws. 

7.9. Counterparts and Facsimiles. This Agreement may be executed, including execution by facsimile signature, in one or more
counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument. 

[signature page follows] 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and Executive has executed this Agreement, in each case on the date below indicated, respectively. 
  

					
	CARPENTER TECHNOLOGY CORPORATION
		
	By:	 	 /s/ K. Douglas Ralph

		 	Title:	 	Chief Financial Officer
	
	Date: July 20, 2010
	
	ANNE L. STEVENS
	
	 /s/ Anne L. Stevens

	
	 Date: July 19, 2010

 

 -6-Commercial Security Agreement, dated July 16, 2010

 Exhibit 10.50 

COMMERCIAL SECURITY AGREEMENT 
  

															
	
Principal

$500,000.00
	  	 Loan Date

07-16-2010
	  	 Maturity

07-16-2013
	  	Loan No	  	 Call/Call

04A0/5/BL1
	  	 Account

2920
	  	 Officer

EPH
	  	Initials
	
References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or
item.
 Any item above containing “***” has been omitted due to text length limitations.

 

							
	     Grantor:
	  	     OURPET’S COMPANY

    1300 EAST STREET

    FAIRPORT HARBOR, OH 44077
	  	 Lender:
	  	     FIRSTMERIT BANK, N.A.

    COMMERCIAL BANKING #36300

    7800 REYNOLDS ROAD

    MENTOR, OH 44060

    (440) 953-2173

  

 
  

THIS COMMERCIAL SECURITY AGREEMENT dated July 16, 2010, is made and executed between OURPET’S COMPANY
(“Grantor”) and FIRSTMERIT BANK, N.A. (“Lender”). 
 GRANT OF SECURITY INTEREST. For valuable
consideration, Grantor grants to Lender a security interest in the Collateral to secure the Indebtedness and agrees that Lender shall have the rights stated in this Agreement with respect to the Collateral, in addition to all other rights which
Lender may have by law. 
 COLLATERAL DESCRIPTION. The word “Collateral” as used in this Agreement
means the following described property, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located, in which Grantor is giving to Lender a security interest for the payment of the Indebtedness and
performance of all other obligations under the Note and this Agreement: 
 All Inventory, Chattel Paper, Accounts,
Equipment and General Intangibles 
 In addition, the word “Collateral” also includes all the following,
whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located: 
 (A) All
accessions, attachments, accessories, tools, parts, supplies, replacements of and additions to any of the collateral described herein, whether added now or later. 

(B) All products and produce of any of the property described in this Collateral section. 

(C) All accounts, general intangibles, instruments, rents, monies, payments, and all other rights, arising out of a sale, lease,
consignment or other disposition of any of the property described In this Collateral section. 
 (D) All proceeds
(including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the property described in this Collateral section, and sums due from a third party who has damaged or destroyed the Collateral or from that party’s
insurer, whether due to judgment, settlement or other process. 
 (E) All records and data relating to any of the property
described in this Collateral section, whether in the form of a writing, photograph, microfilm, microfiche, or electronic media, together with all of Grantor’s right, title, and interest in and to all computer software required to utilize,
create, maintain, and process any such records or data on electronic media. 
 CROSS-COLLATERALIZATION. In addition
to the Note, this Agreement secures all obligations, debts and liabilities, plus interest thereon, of Grantor to Lender, or any one or more of them, as well as all claims by Lender against Grantor or any one or more of them, whether now existing or
hereafter arising, whether related or unrelated to the purpose of the Note, whether voluntary or otherwise, whether due or not due, direct or indirect, determined or undetermined, absolute or contingent, liquidated or unliquidated, whether Grantor
may be liable individually or jointly with others, whether obligated as guarantor, surety, accommodation party or otherwise, and whether recovery upon such amounts may be or hereafter may become barred by any statute of limitations, and whether the
obligation to repay such amounts may be or hereafter may become otherwise unenforceable. 
 RIGHT OF SETOFF. To the
extent permitted by applicable law, Lender reserves a right of setoff in all Grantor’s accounts with Lender (whether checking, savings, or some other account). This includes all accounts Grantor holds jointly with someone else and all accounts
Grantor may open in the future. However, this does not include any IRA or Kaogh accounts, or any trust accounts for which setoff would be prohibited by law. Grantor authorizes Lender, to the extent permitted by applicable law, to charge or setoff
all sums owing on the Indebtedness against any and all such accounts, and, at Lender’s option, to administratively freeze all such accounts to allow Lender to protect Lender’s charge and setoff rights provided in this paragraph.

 GRANTOR’S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral,
Grantor represents and promises to Lender that: 
 Perfection of Security Interest. Grantor agrees to take whatever
actions are requested by Lender to perfect and continue Lender’s security interest in the Collateral. Upon request of Lender, Grantor will deliver to Lender any and all of the documents evidencing or constituting the Collateral, and Grantor
will note Lender’s interest upon any and all chattel paper and instruments if not delivered to Lender for possession by Lender. This is a continuing Security Agreement and will continue in effect even though all or any part of the
Indebtedness Is paid In full and even though for a period of time Grantor may not be indebted to Lender. 
 Notices
to Lender. Grantor will promptly notify Lender in writing at Lender’s address shown above (or such other addresses as Lender may designate from time to time) prior to any (1) change in Grantor’s name; (2) change in
Grantor’s assumed business name(s); (3) change in the management of the Corporation Grantor; (4) change in the authorized signer(s); (5) change in Grantor’s principal office address; (6) change in Grantor’s state
of organization; (7) conversion of Grantor to a new or different type of business entity; or (8) change in any other aspect of Grantor that directly or indirectly relates to any agreements between Grantor and Lender. No change in
Grantor’s name or state of organization will take effect until after Lender has received notice. 
 No
Violation. The execution and delivery of this Agreement will not violate any law or agreement governing Grantor or to which Grantor is a party, and its certificate or articles of incorporation and bylaws do not prohibit any term or condition of
this Agreement. 
 Enforceability of Collateral. To the extent the Collateral consists of accounts, chattel paper,
or general intangibles, as defined by the Uniform Commercial Code, the Collateral is enforceable in accordance with its terms, is genuine, and fully complies with all applicable laws and regulations concerning form, content and manner of preparation
and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral. At the time any account becomes subject to a security interest in
favor of Lender, the account shall be a good and valid account representing an undisputed, bona fide indebtedness incurred by the account debtor, for merchandise held subject to delivery instructions or previously shipped or delivered

 COMMERCIAL SECURITY AGREEMENT 

					
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 2

  
  

 
  

 
pursuant to a contract of sale, or for services previously performed by Grantor with or for the account debtor. So long as this Agreement remains in effect, Grantor shall not, without
Lender’s prior written consent, compromise, settle, adjust, or extend payment under or with regard to any such Accounts. There shall be no setoffs or counterclaims against any of the Collateral, and no agreement shall have been made under which
any deductions or discounts may be claimed concerning the Collateral except those disclosed to Lender in writing. 

Location of the Collateral. Except In the ordinary course of Grantor’s business, Grantor agrees to keep the Collateral
(or to the extent the Collateral consists of intangible property such as accounts or general intangibles, the records concerning the Collateral) at Grantor’s address shown above or at such other locations as are acceptable to Lender. Upon
Lender’s request, Grantor will deliver to Lender in form satisfactory to Lender a schedule of real properties and Collateral locations relating to Grantor’s operations, including without limitation the following: (1) all real property
Grantor owns or is purchasing; (2) all real property Grantor is renting or leasing; (3) all storage facilities Grantor owns, rents, leases, or uses; and (4) all other properties where Collateral is or may be located. 

Removal of the Collateral. Except in the ordinary course of Grantor’s business, including the sales of inventory,
Grantor shall not remove the Collateral from its existing location without Lender’s prior written consent. To the extent that the Collateral consists of vehicles, or other titled property, Grantor shall not take or permit any action which would
require application for certificates of title for the vehicles outside the State of Ohio, without Lender’s prior written consent. Grantor shall, whenever requested, advise Lender of the exact location of the Collateral. 

Transactions Involving Collateral. Except for inventory sold or accounts collected In the ordinary course of Grantor’s
business, or as otherwise provided for in this Agreement, Grantor shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral. While Grantor is not in default under this Agreement, Grantor may sell Inventory, but only in the
ordinary course of its business and only to buyers who qualify as a buyer in the ordinary course of business. A sale in the ordinary course of Grantor’s business does not include a transfer in partial or total satisfaction of a debt or any bulk
sale. Grantor shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance, or charge, other than the security interest provided for in this Agreement, without the prior written
consent of Lender. This includes security interests even if junior in right to the security interests granted under this Agreement. Unless waived by Lender, all proceeds from any disposition of the Collateral (for whatever reason) shall be held in
trust for Lender and shall not be commingled with any other funds; provided however, this requirement shall not constitute consent by Lender to any sale or other disposition. Upon receipt, Grantor shall immediately deliver any such proceeds to
Lender 
 Title. Grantor represents and warrants to Lender that Grantor holds good and marketable title to the
Collateral, free and clear of all llens and encumbrances except for the lien of this Agreement. No financing statement covering any of the Collateral is on file in any public office other than those which reflect the security interest created by
this Agreement or to which Lender has specifically consented. Grantor shall defend Lender’s rights in the Collateral against the claims and demands of all other persons. 

Repairs and Maintenance. Grantor agrees to keep and maintain, and to cause others to keep and maintain, the Collateral in
good order, repair and condition at all times while this Agreement remains in effect. Grantor further agrees to pay when due all claims for work done on, or services rendered or material furnished In connection with the Collateral so that no lien or
encumbrance may ever attach to or be filed against the Collateral. 
 Inspection of Collateral. Lender and
Lender’s designated representatives and agents shall have the right at all reasonable times to examine and inspect the Collateral wherever located. 

Taxes, Assessments and Liens. Grantor will pay when due all taxes, assessments and liens upon the Collateral, its use
or operation, upon this Agreement, upon any promissory note or notes evidencing the Indebtedness, or upon any of the other Related Documents. Grantor may withhold any such payment or may elect to contest any lien If Grantor is in good faith
conducting an appropriate proceeding to contest the obligation to pay and so long as Lender’s interest in the Collateral is not Jeopardized in Lender’s sole opinion. If the Collateral is subjected to a lien which is not discharged within
fifteen (15) days, Grantor shall deposit with Lender cash, a sufficient corporate surety bond or other security satisfactory to Lender in an amount adequate to provide for the discharge of the lien plus any interest, costs, attorneys’ fees
or other charges that could accrue as a result of foreclosure or sale of the Collateral. In any contest Grantor shall defend itself and Lender and shall satisfy any final adverse judgment before enforcement against the Collateral. Grantor shall name
Lender as an additional obligee under any surety bond furnished in the contest proceedings. Grantor further agrees to furnish Lender with evidence that such taxes, assessments, and governmental and other charges have been paid in full and in a
timely manner. Grantor may withhold any such payment or may elect to contest any lien if Grantor is in good faith conducting an appropriate proceeding to contest the obligation to pay and so long as Lender’s interest in the Collateral is not
jeopardized. 
 Compliance with Governmental Requirements. Grantor shall comply promptly with all laws, ordinances,
rules and regulations of all governmental authorities, now or hereafter in effect, applicable to the ownership, production, disposition, or use of the Collateral, including all laws or regulations relating to the undue erosion of highly-erodible
land or relating to the conversion of wetlands for the production of an agricultural product or commodity. Grantor may contest in good faith any such law, ordinance or regulation and withhold compliance during any proceeding, including appropriate
appeals, so long as Lender’s interest in the Collateral, in Lender’s opinion, is not jeopardized. 
 Hazardous
Substances. Grantor represents and warrants that the Collateral never has been, and never will be so long as this Agreement remains a lien on the Collateral, used in violation of any Environmental Laws or for the generation, manufacture,
storage, transportation, treatment, disposal, release or threatened release of any Hazardous Substance. The representations and warranties contained herein are based on Grantor’s due diligence in investigating the Collateral for Hazardous
Substances. Grantor hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under any Environmental Laws, and (2) agrees to indemnify,
defend, and hold harmless Lender against any and all claims and losses resulting from a breach of this provision of this Agreement. This obligation to indemnify and defend shall survive the payment of the Indebtedness and the satisfaction of this
Agreement. 
 Maintenance of Casualty Insurance. Grantor shall procure and maintain all risks insurance, including
without limitation fire, theft and liability coverage together with such other insurance as Lender may require with respect to the Collateral, in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies
reasonably acceptable to Lander. Grantor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be cancelled or
diminished without at least ten (10) days’ prior written notice to Lender and not Including any disclaimer of the insurer’s liability for failure to give such a notice. Each insurance policy also shall include an endorsement providing
that coverage in favor of Lender will not be Impaired in any way by any act, omission or default of Grantor or any other person. In connection with all policies covering assets in which Lender holds or is offered a security interest, Grantor will
provide Lender with such loss payable or other endorsements as Lender may require. If Grantor at any time fails to obtain or maintain any Insurance as required under this Agreement, Lender may (but shall not be obligated to) obtain such insurance as
Lender deems appropriate, including if Lender so chooses “single interest insurance,” which will cover only Lander’s Interest in the Collateral. 

Application of Insurance Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Collateral, whether or
not such casualty or loss is covered by insurance. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. 

 COMMERCIAL SECURITY AGREEMENT 

					
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 All proceeds of any insurance on the Collateral, including accrued proceeds
thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the
reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any
proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness. 

Insurance Reserves. Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which
reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen
(15) days before payment Is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account
which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the Insurance
premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor’s sole responsibility, 

Insurance Reports. Grantor, upon request of Lender, shall furnish to Lender reports on each existing policy of insurance
showing such information as Lender may reasonably request including the following: (1) the name of the insurer; (2) the risks insured; (3) the amount of the policy; (4) the property insured; (5) the then current value on the
basis of which insurance has been obtained and the manner of determining that value; and (6) the expiration date of the policy. In addition, Grantor shall upon request by Lender (however not more often than annually) have an independent
appraiser satisfactory to Lender determine, as applicable, the cash value or replacement cost of the Collateral. 

Financing Statements. Grantor authorizes Lender to file a UCC financing statement, or alternatively, a copy of this Agreement
to perfect Lender’s security interest. At Lender’s request, Grantor additionally agrees to sign all other documents that are necessary to perfect, protect, and continue Lender’s security interest in the Property. Grantor will pay all
filing fees, title transfer fees, and other fees and costs involved unless prohibited by law or unless Lender is required by law to pay such fees and costs. Grantor Irrevocably appoints Lender to execute documents necessary to transfer title if
there is a default. Lender may file a copy of this Agreement as a financing statement. If Grantor changes Grantor’s name or address, or the name or address of any person granting a security interest under this Agreement changes, Grantor will
promptly notify the Lender of such change. 
 GRANTOR’S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS. Until
default and except as otherwise provided below with respect to accounts, Grantor may have possession of the tangible personal property and beneficial use of all the Collateral and may use it in any lawful manner not inconsistent with this Agreement
or the Related Documents, provided that Grantor’s right to possession and beneficial use shall not apply to any Collateral where possession of the Collateral by Lender is required by law to perfect Lender’s security interest in such
Collateral. Until otherwise notified by Lender, Grantor may collect any of the Collateral consisting of accounts. At any time and even though no Event of Default exists, Lender may exercise its rights to collect the accounts and to notify account
debtors to make payments directly to Lender for application to the Indebtedness. If Lender at any time has possession of any Collateral, whether before or after an Event of Default, Lender shall be deemed to have exercised reasonable care in the
custody and preservation of the Collateral if Lender takes such action for that purpose as Grantor shall request or as Lender, in Lender’s sole discretion, shall deem appropriate under the circumstances, but failure to honor any request by
Grantor shall not of itself be deemed to be a failure to exercise reasonable care. Lender shall not be required to take any steps necessary to preserve any rights in the Collateral against prior parties, nor to protect, preserve or maintain any
security interest given to secure the Indebtedness. 
 LENDER’S EXPENDITURES. If any action or proceeding is
commenced that would materially affect Lender’s interest in the Collateral or if Grantor fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Grantor’s failure to discharge or pay when
due any amounts Grantor is required to discharge or pay under this Agreement or any Related Documents, Lender on Grantor’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. All such expenditures Incurred or
paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender’s
option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or
(2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity. The Agreement also will secure payment of these amounts. Such right shall be in addition to all other
rights and remedies to which Lender may be entitled upon Default. 
 DEFAULT. Each of the following shall constitute
an Event of Default under this Agreement: 
 Payment Default. Grantor fails to make any payment when due under the
Indebtedness. 
 Other Defaults. Grantor fails to comply with or to perform any other term, obligation, covenant or
condition contained in this Agreement or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement between Lender and Grantor. 

Default in Favor of Third Parties. Any guarantor or Grantor defaults under any loan, extension of credit, security agreement,
purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of any guarantor’s or Grantor’s property or ability to perform their respective obligations under this Agreement
or any of the Related Documents. 
 False Statements. Any warranty, representation or statement made or furnished to
Lender by Grantor or on Grantor’s behalf under this Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes false or misleading at any time thereafter.

 Defective Collateralization, This Agreement or any of the Related Documents ceases to be in full force and effect
(including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason. 

Insolvency, The dissolution or termination of Grantor’s existence as a going business, the insolvency of Grantor, the
appointment of a receiver for any part of Grantor’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor.

 Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
proceeding, self-help, repossession or any other method, by any creditor of Grantor or by any governmental agency against any collateral securing the Indebtedness. This includes a garnishment of any of Grantor’s accounts, including deposit
accounts, with Lender. However, this Event of Default shall not apply if there is a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Grantor gives
Lender written notice of the creditor or forfeiture proceeding and deposits with Lender 

 COMMERCIAL SECURITY AGREEMENT 

					
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monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute. 

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or
Guarantor dies or becomes incompetent or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. 

Adverse Change. A material adverse change occurs in Grantor’s financial condition, or Lender believes the prospect of
payment or performance of the Indebtedness is impaired. 
 Insecurity. Lender in good faith believes itself
insecure. 
 Cure Provisions. If any default, other than a default in payment is curable and if Grantor has not been
given a notice of a breach of the same provision of this Agreement within the preceding twelve (12) months, it may be cured if Grantor, after Lender sends written notice to Grantor demanding cure of such default: (1) cures the default
within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continues
and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. 

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Agreement, at any time thereafter, Lender shall have
all the rights of a secured party under the Ohio Uniform Commercial Code. In addition and without limitation, Lender may exercise any one or more of the following rights and remedies: 

Accelerate Indebtedness. Lender may declare the entire Indebtedness, including any prepayment penalty which Grantor would be
required to pay, immediately due and payable, without notice of any kind to Grantor. 
 Assemble Collateral. Lender
may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender
at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of
repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession. 

Sell the Collateral. Lender shall have full power to sell, lease, transfer, or otherwise deal with the Collateral or proceeds
thereof in Lender’s own name or that of Grantor. Lender may sell the Collateral at public auction or private sale. Unless the Collateral threatens to decline speedily in value or is of a type customarily sold on a recognized market, Lender will
give Grantor, and other persons as required by law, reasonable notice of the time and place of any public sale, or the time after which any private sale or any other disposition of the Collateral is to be made. However, no notice need be provided to
any person who, after Event of Default occurs, enters into and authenticates an agreement waiving that person’s right to notification of sale. The requirements of reasonable notice shall be met if such notice is given at least ten
(10) days before the time of the sale or disposition. All expenses relating to the disposition of the Collateral, including without limitation the expenses of retaking, holding, insuring, preparing for sale and selling the Collateral, shall
become a part of the Indebtedness secured by this Agreement and shall be payable on demand, with interest at the Note rate from date of expenditure until repaid. 

Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of the
Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the Rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the
Indebtedness. The receiver may serve without bond if permitted by law. Lender’s right to the appointment of a receiver shall exist whether or not the apparent value of the Collateral exceeds the Indebtedness by a substantial amount. Employment
by Lender shall not disqualify a person from serving as a receiver. 
 Collect Revenues, Apply Accounts.
Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s
nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral
consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or realize on the Collateral
as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and
payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and
obligors on any Collateral to make payments directly to Lender. 
 Obtain Deficiency. If Lender chooses to sell any
or ail of the Collateral, Lender may obtain a judgment against Grantor for any deficiency remaining on the Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this Agreement. Grantor shall
be liable for a deficiency even if the transaction described in this subsection is a sale of accounts or chattel paper. 

Other Rights and Remedies. Lender shall have all the rights and remedies of a secured creditor under the provisions of the
Uniform Commercial Code, as may be amended from time to time. In addition, Lender shall have and may exercise any or all other rights and remedies it may have available at law, in equity, or otherwise. 

Election of Remedies. Except as may be prohibited by applicable law, all of Lender’s rights and remedies, whether
evidenced by this Agreement, the Related Documents, or by any other writing, shall be cumulative and may be exercised singularly or concurrently. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election
to make expenditures or to take action to perform an obligation of Grantor under this Agreement, after Grantor’s failure to perform, shall not affect Lender’s right to declare a default and exercise its remedies. 

ADDITIONAL INDEBTEDNESS. Indebtedness shall include all obligations and amounts due and to become due under any interest rate
management agreement between Borrower and Lender including, but not limited to, interest rate swaps, caps or collars, forward rate transactions and foreign exchange transactions. 

ADDITIONAL DEFINITIONS. THE WORD ‘NOTE’ ALSO INCLUDES ALL OTHER PROMISSORY NOTES OR OTHER INSTRUMENTS, DOCUMENTS OR
AGREEMENTS EVIDENCING THE INDEBTEDNESS. 
 MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a
part of this Agreement: 
 Amendments. This Agreement, together with any Related Documents, constitutes the entire
understanding and agreement of the parties as to the matters set forth in this Agreement. No alteration of or amendment to this Agreement shall be effective unless given in writing and signed by the party or parties sought to be charged or bound by
the alteration or amendment. 
 Attorneys’ Fees; Expenses. Grantor agrees to pay upon demand all of
Lender’s costs and expenses, including Lender’s attorneys’ fees and Lender’s legal expenses, incurred in connection with the enforcement of this Agreement. Lender may hire or pay someone else to help

 COMMERCIAL SECURITY AGREEMENT 

					
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enforce this Agreement, and Grantor shall pay the costs and expenses of such enforcement. Costs and expenses include Lender’s attorneys’ fees and legal expenses whether or not there is
a lawsuit, including attorneys’ fees and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection services. Grantor also shall pay
all court costs and such additional fees as may be directed by the court. 
 Caption Headings. Caption headings in
this Agreement are for convenience purposes only and are not to be used to Interpret or define the provisions of this Agreement. 

Governing Law. This Agreement will be governed by federal law applicable to Lender and, to the extent not preempted by
federal law, the laws of the State of Ohio without regard to its conflicts of law provisions. This Agreement has been accepted by Lender in the State of Ohio. 

Choice of Venue. If there is a lawsuit, Grantor agrees upon Lender’s request to submit to the jurisdiction of the courts
of LAKE County, State of Ohio. 
 No Waiver by Lender. Lender shall not be deemed to have waived any rights under
this Agreement unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this
Agreement shall not prejudice or constitute a waiver of Lender’s right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior waiver by Lender, nor any course of dealing between Lender and
Grantor, shall constitute a waiver of any of Lender’s rights or of any of Grantor’s obligations as to any future transactions. Whenever the consent of Lender is required under this Agreement, the granting of such consent by Lender in any
instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender. 

Notices. Any notice required to be given under this Agreement shall be given in writing, and shall be effective when actually
delivered, when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered
mail postage prepaid, directed to the addresses shown near the beginning of this Agreement. Any party may change its address for notices under this Agreement by giving formal written notice to the other parties, specifying that the purpose of the
notice is to change the party’s address. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor’s current address. Unless otherwise provided or required by law, if there is more than one Grantor, any notice
given by Lender to any Grantor is deemed to be notice given to all Grantors. 
 Power of Attorney. Grantor hereby
appoints Lender as Grantor’s irrevocable attorney-in-fact for the purpose of executing any documents necessary to perfect, amend, or to continue the security interest granted in this Agreement or to demand termination of filings of other
secured parties. Lender may at any time, and without further authorization from Grantor, file a carbon, photographic or other reproduction of any financing statement or of this Agreement for use as a financing statement. Grantor will reimburse
Lender for all expenses for the perfection and the continuation of the perfection of Lender’s security interest in the Collateral. 

Severability. If a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid, or
unenforceable as to any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If feasible, the offending provision shall be considered modified so that it becomes legal,
valid and enforceable. If the offending provision cannot be so modified, it shall be considered deleted from this Agreement. Unless otherwise required by law, the illegality, invalidity, or unenforceability of any provision of this Agreement shall
not affect the legality, validity or enforceability of any other provision of this Agreement. 
 Successors and
Assigns. Subject to any limitations stated in this Agreement on transfer of Grantor’s interest, this Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Collateral
becomes vested in a person other than Grantor, Lender, without notice to Grantor, may deal with Grantor’s successors with reference to this Agreement and the Indebtedness by way of forbearance or extension without releasing Grantor from the
obligations of this Agreement or liability under the Indebtedness. 
 Survival of Representations and Warranties.
All representations, warranties, and agreements made by Grantor in this Agreement shall survive the execution and delivery of this Agreement, shall be continuing in nature, and shall remain in full force and effect until such time as Grantor’s
Indebtedness shall be paid in full. 
 Time is of the Essence. time is of the essence in the performance of this
Agreement. 
 Waive Jury. All parties to this Agreement hereby waive the right to any jury trial in any action,
proceeding, or counterclaim brought by any party against any other party. 
 DEFINITIONS. The following
capitalized words and terms shall have the following meanings when used in this Agreement. Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America. Words and
terms used in the singular shall include the plural, and the plural shall include the singular, as the context may require. Words and terms not otherwise defined in this Agreement shall have the meanings attributed to such terms in the Uniform
Commercial Code: 
 Agreement. The word “Agreement” means this Commercial Security Agreement, as this
Commercial Security Agreement may be amended or modified from time to time, together with all exhibits and schedules attached to this Commercial Security Agreement from time to time. 

Borrower. The word “Borrower” means OURPETS COMPANY and includes all co-signers and co-makers signing the Note and
all their successors and assigns. 
 Collateral. The word “Collateral” means all of Grantor’s right,
title and interest in and to all the Collateral as described in the Collateral Description section of this Agreement. 

Default. The word “Default” means the Default set forth in this Agreement in the section titled
“Default”. 
 Environmental Laws. The words “Environmental Laws” mean any and all state, federal
and local statutes, regulations and ordinances relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C.
Section 9601, et seq. (“CERCLA”), the Superfund Amendments and Reauthorization Act of 1986, Pub. L. No, 99-499 (“SARA”), the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801, et seq., the Resource
Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules, or regulations adopted pursuant thereto. 

Event of Default. The words “Event of Default” mean any of the events of default set forth in this Agreement in the
default section of this Agreement. 
 Grantor. The word “Grantor” means OURPETS COMPANY. 

Guarantor. The word “Guarantor” means any guarantor, surety, or accommodation party of any or all of the
indebtedness. 

 COMMERCIAL SECURITY AGREEMENT 

					
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 Guaranty. The word “Guaranty” means the guaranty from Guarantor
to Lender, including without limitation a guaranty of all or part of the Note. 
 Hazardous Substances, The words
“Hazardous Substances” mean materials that, because of their quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when improperly
used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words “Hazardous Substances” are used in their very broadest sense and include without limitation any and all hazardous or toxic substances,
materials or waste as defined by or listed under the Environmental Laws. The term “Hazardous Substances” also includes, without limitation, petroleum and petroleum by-products or any fraction thereof and asbestos. 

Indebtedness. The word “Indebtedness” means the indebtedness evidenced by the Note or Related Documents, including
all principal and interest together with all other indebtedness and costs and expenses for which Grantor is responsible under this Agreement or under any of the Related Documents. Specifically, without limitation, indebtedness includes all amounts
that may be indirectly secured by the Cross-Collateralization provision of this Agreement. 
 Lender. The word
“Lender” means FIRSTMERIT BANK, N.A., its successors and assigns. 
 Note. The word “Note” means
the Note executed by OURPETS COMPANY in the principal amount of $500,000.00 dated July 16, 2010, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the note or credit
agreement. 
 Property. The word “Property” means all of Grantor’s right, title and interest in and
to all the Property as described in the “Collateral Description” section of this Agreement. 
 Related
Documents. The words “Related Documents” mean all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all
other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. 
 GRANTOR
HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS COMMERCIAL SECURITY AGREEMENT AND AGREES TO ITS TERMS. THIS AGREEMENT iS DATED JULY 16, 2010. 

GRANTOR: 
  

			
	 OURPET’S COMPANY

		
	 BY:
	 	 /s/ Steven Tsengas

		 	 STEVEN TSENGAS, President of OURPET’S COMPANY

LENDER: 
 FIRSTMERIT BANK, N.A. 

 

			
	 X
	 	 /s/ Eric Hollinger

		 	 Authorized Signer

  

 
  

LASER PRO Lending, var. 5.45.00.004 Copr. Hanard Financial Solutions. Inc. 1997, 2010. All Rights Reserved, .OH N1CFALPHE40.FC TR-36269 PR-4

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