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EXHIBIT 10.2
TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (this "Agreement") is entered into as of
the
22nd day of June, 2005 to be effective as
of the 18th day of May, 2005 (the
"Effective Date"), by and between JOHN C.
REGAN, an individual residing in
Allegheny County (the "Guarantor") and SKY
BANK, an Ohio banking institution,
having an office at 101 East Washington
Street, New Castle, Pennsylvania 16103
("Bank").
WHEREAS, Project Development Group, Inc., PDG Environmental,
Inc.,
Enviro-Tech Abatement Services, Co. and
PDG, Inc. (collectively, "Borrowers")
and Bank entered into that certain Loan
Agreement dated as of August 3, 2000, as
amended by that certain Amendment to Loan
Agreement dated as of June 14, 2001,
that certain Second Amendment to Loan
Agreement dated as of May 6, 2002, that
certain Third Amendment to Loan Agreement
dated as of August 30, 2002, that
certain Fourth Amendment to Loan Agreement
dated as of December 31, 2002, that
certain Fifth Amendment to Loan Agreement
dated as of February 28, 2003, that
certain Sixth Amendment to Loan Agreement
dated as of July 22, 2003, that
certain Seventh Amendment to Loan Agreement
dated as of January 28, 2004, that
certain Eighth Amendment to Loan Agreement
dated July 8, 2004, that certain
Ninth Amendment to Loan Agreement dated
November 3, 2004, that certain Tenth
Amendment to Loan Agreement dated December
21, 2004, and that certain Eleventh
Amendment to Loan Agreement dated as of the
date hereof (collectively, the
"Credit Agreement"), pursuant to which Bank
agreed to make loans and credit
accommodations to Borro
