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BORROWER'S ENVIRONMENTAL INDEMNIFICATION
Banknorth, N.A.
102 West Main Street
New Britain, Connecticut 06050-0174
Gentlemen:
To induce Banknorth, N.A.. (hereinafter referred to as the
"LENDER") to
make available to Borrower (i) a Term Loan in the amount of
$5,000,000 to fund
the refinancing of certain financing facilities currently held
by Borrower, (ii)
a Revolving Credit Loan in an amount not to exceed $5,000,000,
to finance
Borrower's general working capital needs, (iii) and an interim
Equipment Loan in
the amount of $1,500,000 (initially in the form of a line of
credit and then
converting into a term loan) (collectively, the "LOAN") to the
undersigned
(hereinafter referred to as the "BORROWER") which Loan is
evidenced by (i) a
Revolving Credit Note, (ii) a Term Loan Note and (iii) an
Equipment Loan Note
(collectively, the "NOTES") of even date herewith, in
consideration thereof and
of any loans, advances or financial accommodations heretofore or
hereafter
granted by the Lender to or for the account of the Borrower
pursuant to said
NOTES, the Borrower hereby agrees, as to those certain pieces or
parcels of land
known as 21 SPRING LANE, FARMINGTON, CONNECTICUT and 1790, 1798
and 1806 NEW
BRITAIN AVENUE, FARMINGTON, CONNECTICUT, together with all
improvements now or
hereafter constructed thereon (collectively, the "PROPERTY"), as
follows:
1. The Borrower will defend and indemnify the Lender and hold
the Lender
harmless against all loss, liability, damage and expenses,
including attorneys'
fees, in any way suffered, incurred or paid by the Lender,
whether as a
mortgagee, a mortgagee-in-possession or a successor in interest
to the Borrower
as owner of the Property by virtue of foreclosure or acc
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