Paneltech International Holdings, Inc. Watch

from 10-Q 6 pages Business Loan Agreement

from 10-Q 3 pages ● Security Agreement Dated June 30, 2010 Evidencing Security Interest in Ucc-1 Filing on a New Equipment to Be Purchased for This Loan Request and Any Other Available Equipment Not Previously Filed On. Once Detailed Equipment Information Is Obtained During the Purchase and Installation Phase a Ucc-1 and Ucc-3 Filing With Details on Equipment Will Be Filed on Equipment;

from 10-K 3 pages Change in Terms Agreement, Dated March 15, 2010, Between Paneltech Products and Anchor Bank, Relating to Business Loan Agreement Dated November 18, 2008

from 10-K 7 pages Change in Terms Agreement, Dated January 21, 2010, Between Paneltech Products and Anchor Bank, Relating to Business Loan Agreement Dated November 18, 2008

from 10-K 3 pages Change in Terms Agreement, Dated December 28, 2010, Between Paneltech Products and Anchor Bank, Relating to Business Loan Agreement Dated November 18, 2008

from 10-K 3 pages Change in Terms Agreement, Dated September 16, 2009, Between Paneltech LLC and Anchor Bank, Relating to Business Loan Agreement Dated November 18, 2008

from 10-K 5 pages Business Loan Agreement, Dated November 18, 2008, Between Paneltech LLC and Anchor Bank

from 10-K 6 pages Change in Terms Agreement, Dated January 21, 2010, Between Paneltech Products and Anchor Bank, Relating to Commercial Loan Agreement Dated April 22, 2005

from 10-K 7 pages Commercial Loan Agreement, Dated April 22, 2005, Between Paneltech LLC and Anchor Bank

from 10-K 2 pages Change in Terms Agreement, Dated March 26, 2010, Between Paneltech Products and Shorebank Relating to Loan Agreement Originally Dated January 19, 2001

from 10-K 3 pages Mr. Scott Olmstead Paneltech Products, Inc. 2999 John Stevens Way Hoquiam, Wa 98550 March 26, 2010 Re: Notice of Default & Forbearance Agreement Loan No.: 100012004 by This Letter, Shorebank Pacific ("Bank") Hereby Notifies Paneltech Products, Inc. ("Borrower"), That It Was in Default Under the Business Loan Agreement Dated January 26, 2001, as Amended ("Loan Agreement") Because It Had Violated Certain Conditions in the Loan Agreement. ● Maintain a Net Worth Defined as Total Equity in Excess of $750,000 at All Times Measured at the End of Each Month. ● Maintain a Ratio of Debt to Worth, Defined as All Liabilities Divided by Total Equity Not to Exceed 6.0 to 1.0 as Measured at the End of Each Month. ● Debt Service Coverage (Dsc): Defined as Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) Divided by Current Maturities of Long Term Debt (Cmltd) Proportional to the Corresponding EBITDA Period Plus Period Interest Expenses in Excess of 1.0 to 1.0 as of February 28, 2010. (1.) the Borrower Acknowledges That It Is in Default Under the Loan Agreement and the Note for the Reasons Stated Herein, and Has No Defense to Any Action to Enforce the Loan Agreement or Note, Nor Any Claim by Which to Assert as a Setoff Against the Indebtedness

from 10-K 3 pages Change in Terms Agreement, Dated February 28, 2010, Between Paneltech Products and Shorebank, Relating to Loan Agreement Originally Dated January 19, 2001

from 10-K 7 pages Commercial Security Agreement

from 10-K 5 pages Commercial Guaranty Principal Loan Date Maturity Loan No Call / Coll Account Officer 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

from 10-K 2 pages December 17,2009 Mr. Scott Olmstead Paneltech International LLC 2999 John Stevens Way Hoquiam, Wa 98550 Re: Default and Forbearance Agreement Loan No.: 100012004 Dear Mr. Olmstead

from 10-K 2 pages Change in Terms Agreement

from 10-K 12 pages Change in Terms Agreement