Document:

First Amendment to Subordinated Convertible Promissory Note

 Exhibit 10.1 
 NEITHER THE NOTE AS AMENDED BY THIS FIRST AMENDMENT NOR ANY SECURITIES WHICH MAY BE ISSUED UPON THE EXERCISE OF CONVERSION RIGHTS UNDER THE NOTE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR OTHERWISE
QUALIFIED UNDER ANY STATE SECURITIES LAW. NEITHER THE NOTE NOR ANY SUCH SECURITIES MAY BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT AND REGISTRATION OR OTHER QUALIFICATION UNDER ANY APPLICABLE
STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION OR OTHER QUALIFICATION IS NOT REQUIRED. 
 Notwithstanding anything herein to the contrary, (i) the obligations evidenced by the Subordinated Convertible Promissory Note dated August 14, 2008 by CECO Environmental Corp., as amended by this First Amendment to
Subordinated Convertible Promissory Note, are subordinated to the prior payment in full of the Senior Obligations (as defined in the Subordination Agreement referred to herein) pursuant to, and to the extent provided in the Subordination Agreement,
dated as of August 14, 2008 (as amended, restated, supplemented or modified from time to time, the “Subordination Agreement”) in favor of Fifth Third Bank (together with its successors and assigns, and the other holders, if any, of
the Senior Obligations identified therein or contemplated thereby, the “Senior Lender”) and (ii) the rights of the holder of the Note, as amended, are subject to the limitations and provisions of the Subordination Agreement. In the
event of any conflict between the terms of the Subordination Agreement and the terms of the Subordinated Convertible Promissory Note, as amended hereby, the terms of the Subordination Agreement shall govern. 
 First Amendment to Subordinated Convertible Promissory Note 
 This First Amendment to Subordinated Convertible Promissory is dated as of February 13, 2009 between CECO Environmental Corp., a Delaware corporation, (the “Company”), and Icarus Investment
Corp., an Ontario corporation (“Holder”). 
 WHEREAS, the Company executed a Subordinated Convertible Promissory Note
(the “Note”) dated as of August 14, 2008, in the principal amount of Canadian $5,000,000, payable to Holder; 
 WHEREAS, the parties desire to amend the Note to provide for monthly interest payments as further provided herein; 
 NOW,
THEREFORE, in consideration for the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows. 
 1. Paragraph 2. Paragraph 2 of the Note is hereby deleted and replaced in its entirety with the following: 
 2. Interest. Interest shall accrue on the unpaid principal balance hereof and on any interest payment that is not made when due at the simple
compounded rate of (i) ten percent (10%) per annum from the date of the Note through and including December 31, 2008, (ii) eleven percent (11%) per annum from January 1, 2009 through and including December 31,
2009, 

 
and (iii) twelve percent (12%) per annum (each such interest rate then in effect a “Base Rate”) from January 1, 2010 until the
principal amount of this Note is paid in full. Accrued interest shall be due and payable monthly on the fifteenth day of each calendar month with a final payment of accrued and unpaid interest due and payable on the Maturity Date. It shall not be a
default hereunder and interest will not accrue on any portion of such interest payments deferred pursuant to the Subordination Agreement (“Deferred Interest”) so long as the Deferred Interest is paid at the time and in the manner allowed
by the Subordination Agreement. In the Event of Default (as defined herein) interest shall accrue on all unpaid amounts due hereunder, including without limitation interest, at the rate of the Base Rate plus three percent (3%). If a judgment is
entered against the Company on this Note, the amount of the judgment so entered shall bear interest at the highest rate authorized by law as of the date of the entry of the judgment. 
 2. Continuing Effect. All terms and provisions of the Note, except as expressly modified herein, shall continue in full force and effect, and the
Company hereby confirms each and every one of its obligations under the Note as amended herein. 
 3. Governing Law. This Amendment
shall be governed by, and construed in accordance with, the internal laws of the State of Delaware. 
 [signatures on next page] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first written
above. 
  

			
	The Company:
	
	CECO Environmental Corp.
		
	By:	 	 /s/ Dennis W. Blazer

		 	Dennis W. Blazer, Vice President and CFO
	
	Holder:
	
	Icarus Investment Corp.
		
	By:	 	 /s/ Phillip DeZwirek

	Its:	 	Directorexhibti_10-2.htm

    
      

    

    EXHIBIT 10.2

    
      

       

      Consulting
Agreement

      Recitals

       

      CONSULTING
AGREEMENT entered into this 23'i day of
June 2008, by and between Organetix, Inc, (the "Company"), and Chris Davis
("Consultant").

       

      WHEREAS,
the Company desires to hire the consulting services of Consultant in the areas
of Business Development. Mergers and Acquisitions and Business Strategy for the
Company (the "Services") in connection the Company's business.

       

      WHEREAS,
in consideration for the
Services, the Company shall issue its common stock upon the terms and conditions
hereinafter set forth.

       

      NOW,
THEREFORE, for valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows-

       

      1.       Provision
of Services

      Duties of
Consultant. The Consultant will provide such services and advice to the Company
so as to advise the Company in business development, mergers and acquisitions,
and business strategy. Without limiting the generality of the foregoing,
Consultant will also assist the Company in developing, studying and evaluating
acquisition proposals, prepare reports and studies thereon when advisable
Nothing contained herein constitutes a commitment on the part of the Consultant
to find an acquisition target for the Company or,
if such target is found, that any transaction will be completed. This
Agreement is not a contract for listing services, and nothing in this Agreement
will require the Consultant to negotiate on behalf of the Company with
corporations that are involved with listings or making a market in corporate
securities in the OTC markets Consultant would undertake such services under the
direction of Kyle Kennedy, Company CEO.

       

      1.1
Duties Expressly Excluded, This Agreement expressly excludes the Consultant from
providing public relation services to the Company inclusive of but not limited
to (i) direct or indirect promotion of the Company's securities; (ii) assistance
in making of a market in the Company's securities. The Consultant shall not have
the power of authority to bind the Company to any transaction without the
Company's prior written consent.

       

      2.       Issuance
of Stock

      The
Company shall compensate the Consultant 1,000,000 shares of Company's Common
Stock.

       

      The
aforementioned stock shall be considered earned upon exection of the
agreement

       

      
 

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      3.       Property

      All work
performed by Consultant pursuant to this Agreement in connection with the
Services or otherwise, including, without limitation, business and strategic
plans and proposals, and however rendered, electronic or otherwise, and whether
or not patentable or copyrightable (the "Products"), shall be deemed
works-made-for-hire under United States copyright law and shall be the property
of the Company. Consultant further agrees to and does hereby assign, transfer,
and convey to the Company all of Consultants right, title and interest in and to
the Products, and in connection therewith, to execute and deliver such documents
and take other steps_ in order to enable the Company, in its sole discretion, to
obtain grants of patent and registration of copyright and trademark, both
domestic and foreign, in
connection with the Products.

       

      4.       Confidential
Information

      The
Company has developed and is the owner of highly valuable and unique
confidential and proprietary technical information related to the Business, as
well as business and financial information related thereto (the "Confidential
Information"). Notwithstanding the foregoing, "Confidential Information" shall
not include and the provisions of this Agreement will not apply to any
information disclosed by the Company and for Consultant (1) if such information
is demonstrated to be generally available to the public at the time of its disclosure to Consultant;
(2) after the time, if any, that such information becomes generally
available to the public without any breach by Consultant; (3) was already
in Consultant's possession at the time of disclosure to Consultant (whether such
time of disclosure is before or after the date hereof); (4) is developed by
Consultant independently of the Services, or (5) was lawfully received by
Consultant from a third party without restrictions on disclosure or
use.

       

      Using no
less effort than the Consultant would use to maintain the confidentiality of his
own confidential and proprietary information, the Consultant shall maintain in
strict confidence and shall not disclose at any time, without the prior written
consent of the Company, any of the Confidential Information to any other person
or entity, unless such information has entered the public domain through lawful
means, without violation of this Agreement, or pursuant to requirements of law
or court order.

       

      S. Severability

      In the
event that any one or more provisions herein shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality
or
unenforceability shall not affect any other provision
hereof,

       

      6. Independent
Contractor

      Consultant
acknowledges and agrees that he is rendering the Services as an independent
contractor and not an employee of the Company and, accordingly, the Company
shall have no obligations to Consultant in connection with payroll taxes,
employee benefits and the like.

       

      
 

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      7.       No
Assignment

      Consultant's
obligations hereto with respect to
provision of Services shall not be assignable to any other person without
the express written consent of the Company.

       

      8.      Miscellaneous

      This
Agreement (i) constitutes the entire agreement between the patties hereto
with respect to the subject matter hereof and shall supersede all prior
understandings and agreements as to such subject matter; (ii)
may be amended or modified only by a writing executed by the party
against whom enforcement is sought, (iii) shall inure to the benefit of and be
binding upon the respective heirs, administrators, personal representatives,
successors and assigns of the parties hereto; and (iv) shall be governed by and
construed in accordance with the laws of Florida_

       

      IN
WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement as
of the date and year first above written.

       

      CONSULTANT:

       

       

      /s. Chris
Davis

      Name:
Chris Davis

       

       

      COMPANY:

       

      /s/ kyle
Kennedy

      Kyle Kennedy

      Organetix

       

       

       

       3

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