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<SEC-DOCUMENT>0001010541-09-000015.txt : 20090818
<SEC-HEADER>0001010541-09-000015.hdr.sgml : 20090818
<ACCEPTANCE-DATETIME>20090818164629
ACCESSION NUMBER:		0001010541-09-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090812
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090818
DATE AS OF CHANGE:		20090818

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HUDSON TECHNOLOGIES INC /NY
		CENTRAL INDEX KEY:			0000925528
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
		IRS NUMBER:				133641539
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13412
		FILM NUMBER:		091022030

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965
		BUSINESS PHONE:		8457356000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REFRIGERANT RECLAMATION INDUSTRIES INC
		DATE OF NAME CHANGE:	19940617
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k_08182009.htm
<DESCRIPTION>HUDSON TECHNOLOGIESS 8-K
<TEXT>
<HTML>
<HEAD>

<TITLE>8-K option grants</TITLE>

</HEAD>
<BODY LINK="#0000ff">

<B><FONT SIZE=3><P ALIGN="CENTER">UNITED STATES</P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, DC 20549</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">FORM 8-K</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">CURRENT REPORT Pursuant</P>
<P ALIGN="CENTER">to Section 13 or 15(d) of the</P>
<P ALIGN="CENTER">Securities Exchange Act of 1934</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&#9;Date of report (Date of earliest event reported):  <U>August 12, 2009&#9;</P>
</U><P ALIGN="JUSTIFY"></P>
<U><P ALIGN="CENTER">Hudson Technologies, Inc.</P>
</U><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Its Charter)</P>
<P ALIGN="JUSTIFY"></P>
<U><P ALIGN="CENTER">New York</P>
</U><P ALIGN="CENTER">(State or Other Jurisdiction of Incorporation)</P>
<P ALIGN="JUSTIFY"></P>
<CENTER>
<TABLE BORDER=0>
<TR>
<TD><B><P ALIGN="CENTER">&#9;</B><U>1-13412</U></P></TD>
<TD>&nbsp;</TD>
<TD><B>&#9;</B><P ALIGN="CENTER"><U>13-3641539</P></TD>
</TR>
<TR>
<TD>(Commission File Number)</TD>
<TD>&nbsp;</TD>
<TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>
</CENTER>

<B><P>&#9;</P>
<P>&#9;</B><U>PO Box 1541, One Blue Hill Plaza    Pearl River,  New York</U><B>&#9;</B><U>10965</P>
</U><P>&#9;(Address of Principal Executive Offices)&#9;(Zip Code)</P>
<P ALIGN="JUSTIFY"></P>
<U><P ALIGN="CENTER">(845) 735-6000</P>
</U><P ALIGN="CENTER">(Registrant's Telephone Number, Including Area Code)</P>
<P ALIGN="JUSTIFY"></P>
<U><P ALIGN="CENTER">Not Applicable</P>
</U><P ALIGN="CENTER">(Former Name or Former Address, if Changed Since Last Report)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<FONT FACE="Wingdings">&#111;</FONT>
&#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
</FONT><B><P ALIGN="JUSTIFY">Item 1.01&#9;Entry into a Material Definitive Agreement.</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">On August 12, 2009, Hudson Technologies, Inc. (the "Registrant"), through its subsidiary, Hudson Technologies Company ("HTC"), entered into a Fifth Amendment to the Amended and Restated Loan Agreement (the "Amendment") with Keltic Financial Partners II, LP, successor-in-interest to Keltic Financial Partners, LP ("Keltic") and Bridge Healthcare Finance, LLC ("Bridge"), which amended HTC's existing credit facility with Keltic and Bridge (the "Facility").  As a result of the Amendment, the Facility will bear interest at a rate equal to the greater of (i) the prime rate plus 0.875%, (ii) LIBOR plus 3.375%, (iii) or 6.5%.  The Amendment also modified the minimum EBITDA that HTC is required to achieve each fiscal quarter through the fiscal quarter ended March 31, 2011.  As of August 12, 2009 the Facility bore interest at 6.5%.  At August 12, 2009, the total borrowings under the Facility were approximately $8,341,000.  The description of the Amendment in this report does not purport to be complet
e and is qualified in its entirety by reference to the Amendment which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">  </P>
<B><P>Item 9.01&#9;Financial Statements and Exhibits.</P>
</B><P>(d) Exhibits </P><DIR>
<DIR>
<DIR>
<DIR>

<P>Exhibit 10.1&#9;Fifth Amendment to Amended and Restated Loan Agreement between Hudson Technologies Company, Keltic Financial Partners, L.P and Bridge Healthcare Finance, LLC, dated August 12, 2009;</P>
<FONT FACE="CG Times,Times New Roman" SIZE=2><FONT FACE="CG Times,Times New Roman" SIZE=2><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>

</FONT></FONT><B><P ALIGN="JUSTIFY">SIGNATURES</P>
</B><FONT FACE="CG Times,Times New Roman"><P ALIGN="JUSTIFY">&#9;</FONT>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=619 DIR="LTR">
<TR><TD WIDTH="26%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P ALIGN="JUSTIFY">HUDSON TECHNOLOGIES, INC.</TD>
</TR>
<TR><TD WIDTH="26%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="26%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Date: July 21, 2009</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="JUSTIFY">By:</TD>
<TD WIDTH="51%" VALIGN="TOP">
<U><P ALIGN="JUSTIFY">/s/ Stephen P. Mandracchia</U></TD>
</TR>
<TR><TD WIDTH="26%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Name:</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Stephen P. Mandracchia</TD>
</TR>
<TR><TD WIDTH="26%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Title:</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Vice President Legal &amp; Regulatory, Secretary</TD>
</TR>
</TABLE>

<FONT FACE="CG Times,Times New Roman" SIZE=2><FONT FACE="CG Times,Times New Roman" SIZE=2>
</FONT></FONT><FONT SIZE=2><P>&nbsp;</P>
<B><P>&nbsp;</P></B></FONT></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>form8k_08182009-ex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>

<TITLE>Exhibit 10.1</TITLE>
</HEAD>
<BODY>

<P>Exhibit 10.1</P>
<B>
<FONT SIZE=2><P ALIGN="CENTER">FIFTH AMENDMENT TO</P>
<U><P ALIGN="CENTER">AMENDED AND RESTATED LOAN AGREEMENT</P>
</B></U>
<P>&#9;THIS FIFTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT, dated as of August 12, 2009 (this "<B><U>Amendment</B></U>"), is made by and among Keltic Financial Partners II, LP, successor-in-interest to Keltic Financial Partners, LP, a Delaware limited partnership ("<B><U>Keltic</B></U>"), and Bridge Healthcare Finance, LLC, a Delaware limited liability company ("<B><U>Bridge</B></U>", and together with Keltic, individually and collectively, "<B><U>Lender</B></U>"), and Hudson Technologies Company,<B> </B>a Tennessee corporation ("<B><U>Borrower</B></U>").</P>
<B>
<U><P ALIGN="CENTER">WITNESSETH</P>
</B></U><P ALIGN="CENTER"></P>
<B><P>&#9;WHEREAS</B>,<B> </B>Borrower and Keltic are parties to that certain Amended and Restated Loan Agreement, dated as of June 26, 2007 (as it may be amended, restated, modified or supplemented from time to time, the "<B><U>Loan Agreement</B></U>"; capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Loan Agreement); </P>

<P>&#9;<B>WHEREAS</B>, Borrower has requested that Lender agree to certain amendments and modifications to the Loan Agreement, and Lender is willing to do so subject to the terms and conditions set forth herein.<B>&#9;</P>

</B><P>&#9;<B>NOW, THEREFORE, </B>in consideration of the premises, the covenants and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties do hereby agree as follows:</P>
<P ALIGN="JUSTIFY"></P>
<B><U><P ALIGN="CENTER">STATEMENT OF TERMS</P>

</U><P>&#9;1.&#9;<U>Amendment.</U> </B> (a) Section 1.30 of the Loan Agreement is amended and restated as follows:</P>
<DIR>
<DIR>
<DIR>
<DIR>

<P>"Loan Interest Rate" shall mean, at the option of Lender, the greater of: (a) Prime Rate plus seven-eighths percent (0.875%) per annum, or (b) LIBOR plus three and three-eighths percent (3.375 %) per annum, or (c) six and one-half percent (6.5%) per annum.  For purposes of this Agreement, "LIBOR" shall mean the three month London Interbank Offered Rate published in the "Money Rates" column of The Wall Street Journal from time to time or, in the event that The Wall Street Journal is not available at any time, such rate published in another publication as determined by Lender.</P>
</DIR>
</DIR>
</DIR>
</DIR>

<P>&#9;(b)&#9;The first sentence of Section 3.7 of the Loan Agreement is amended and restated as follows:</P>
<DIR>
<DIR>
<DIR>
<DIR>

<P>If Borrower prepays the principal of the Revolving Loan to Borrower (other than from time to time from working capital) or if the outstanding Obligations become due prior to the Maturity Date for any reason or no reason, Borrower shall pay to Lender at the time of such prepayment, liquidated damages in an amount equal to: (a) three percent (3.0%) of the Maximum Facility if the prepayment is made on or before June 26, 2010; (b) two percent (2.0%) of the Maximum Facility if the prepayment is made after June 26, 2010 but prior to June 26, 2011; and (c) zero percent (0.0%) of the Maximum Facility if the prepayment is made after June 26, 2011.   </P>
<B></DIR>
</DIR>
</DIR>
</DIR>

<P>&#9;&#9;</B>(c)&#9;Section 9.22 of the Loan Agreement is amended and restated for the periods after the date hereof as follows:</P>
<DIR>
<DIR>
<DIR>
<DIR>

<P>Permit Borrower's EBITDA during each fiscal quarter of Borrower, commencing with the fiscal quarter ending September 30, 2009, to be less than the following amounts for the following fiscal quarters, calculated on (i) a three-month basis for the fiscal quarter ending September 30, 2009, (ii) a six-month basis for the fiscal quarter ending December 31, 2009, (iii) a nine-month basis for the fiscal quarter ending March 31, 2010, and (iv) a rolling twelve-month basis for the fiscal quarter ending June 30, 2010 and each fiscal quarter thereafter:</P>

<P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=444 DIR="LTR">
<TR><TD WIDTH="43%" VALIGN="TOP">
<U><FONT SIZE=2><P>Fiscal Quarter Ending</U></FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<U><FONT SIZE=2><P>Amount</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>September 30, 2009</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>($150,000)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>December 31, 2009</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>($800,000)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>March 31, 2010</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>($400,000)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>June 30, 2010</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>$   900,000</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>September 30, 2010</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>$1,400,000</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>December 31, 2010</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>$1,600,000</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=2><P>March 31, 2011</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="48%" VALIGN="TOP">
<FONT SIZE=2><P>$1,900,000</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<FONT SIZE=2>
<P>&nbsp;</P>
<P>&#9;<B>&#9;</B>(d)&#9;A new Section 9.23 is added to the Loan Agreement as follows:</P>
<DIR>
<DIR>
<DIR>
<DIR>

<P>9.23&#9;<B><U>Limitation on R22 Inventory</B></U>.  Maintain more than 3,500,000 pounds of R22 Inventory on hand at any given time through June 30, 2010.       </P>
</DIR>
</DIR>
</DIR>
</DIR>

<P>&#9;<B>2.</B>&#9;<B><U>Representations and Warranties</B></U>.  To induce Lender to enter into this Amendment, Borrower hereby represents and warrants to Lender as follows: (a) each representation and warranty set forth in the Loan Agreement is true and correct on and as of the date hereof ; (b) no Default or Event of Default has occurred and is continuing as of this date under the Loan Agreement or the other Loan Documents (c) Borrower has the power and is duly authorized to enter into, deliver and perform this Amendment and to perform its obligations under the Loan Agreement, as amended hereby; (d) each of this Amendment and the Loan Agreement, as amended hereby, constitutes the legal, valid and binding obligation of Borrower enforceable against it in accordance with its terms; and (e) that since June 26, 2007 there have been no liens, encumbrances, security interests or claims filed against or created in Borrower's owned property located at Champaign, Illinois.</P>

<B><P>3.</B>&#9;<B><U>Conditions Precedent to Effectiveness of this Amendment</B></U>.<B> </B>The effectiveness of this Amendment is subject to the fulfillment of the following conditions precedent, each as determined by each Lender:</P>

<P>&#9;&#9;(a)&#9;Lender shall have received one or more counterparts of this Amendment duly executed and delivered by Borrower;  </P>

<P>&#9;&#9;(b)&#9;Lender shall have received one or more counterparts of the Agreement and Consent of Guarantors attached to this Amendment duly executed and delivered by each such Guarantor; and </P>

<P>&#9;&#9;(c)&#9;Lender shall have received such other agreements, documents, certificates and instruments as Lender may reasonably require. </P>
<P>&#9;<B>4</B>.&#9;<B><U>Intentionally Left Blank</U>.  </P>

<P>&#9;5.&#9;<U>Continuing Effect of Loan Agreement</U>.</B>  Except as expressly amended and modified hereby, the provisions of the Loan Agreement and the Liens granted hereunder, are and shall remain in full force and effect, and are hereby ratified and confirmed by Borrower.</P>

<B><P>&#9;6.&#9;<U>Release</B></U>.  In consideration of the agreements of Lender contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower and each Guarantor, on behalf of itself/himself and its/his successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Lender, and its successors and assigns, and its present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Lender and all such other Persons being hereinafter referred to collectively as the "<B><U>Releasees</B></U>" and individually as a "<B><U>Releasee</B></U>"), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, rights o
f set-off, demands and liabilities whatsoever of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Borrower and/or such Guarantor or any of its/his successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment, including, without limitation, for or on account of, or in relation to, or in any way in connection with any of the Loan Agreement, the Guaranty or any of the other Loan Documents or transactions, course of performance or course of dealing thereunder or related thereto; provided, however, that nothing herein shall release Lender from its obligations to Borrower under the terms of this Amendment.</P>

<B><P>7.&#9;<U>Counterparts</B></U>.<B>  </B>This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. Any signature delivered by a party via facsimile shall be deemed to be an original signature hereto.</P>
<B>
<P>&#9;8</B>.<B>&#9;<U>Governing Law</B></U>.  THIS AMENDMENT SHALL BE GOVERNED BY, AND</P>
<P>CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE WITHOUT REGARD TO THE PRINCIPLES THEREOF REGARDING CONFLICTS OF LAWS.</P>
<B>
<P>&#9;IN WITNESS WHEREOF,</B> the parties hereto have caused this Amendment to be duly executed and delivered as of the day and year first specified above.</P>

<P>&nbsp;</P></FONT>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH=449 DIR="LTR">
<TR><TD WIDTH="87%" VALIGN="TOP" COLSPAN=2>
<B><FONT SIZE=2><P ALIGN="JUSTIFY">HUDSON TECHNOLOGIES COMPANY</B></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">By:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="JUSTIFY">/s/ Brian F. Coleman</U></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Name:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Brian F. Coleman</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Title:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">President and Chief Operating Officer</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="87%" VALIGN="TOP" COLSPAN=2>
<B><FONT SIZE=2><P ALIGN="JUSTIFY">KELTIC FINANCIAL PARTNERS II, LP</B>, successor-in-interest to<B> </B>Keltic</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="87%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P ALIGN="JUSTIFY">Financial Partners, LP</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">By:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">KELTIC FINANCIAL SERVICES LLC,</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">its general partner</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">By:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="JUSTIFY">/s/ John P. Reilly</U></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Name:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">John P. Reilly</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Title:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">President and Chief Executive Officer</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="87%" VALIGN="TOP" COLSPAN=2>
<B><FONT SIZE=2><P ALIGN="JUSTIFY">BRIDGE HEALTHCARE FINANCE, LLC</B></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="70%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">By:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<U><FONT SIZE=2><P ALIGN="JUSTIFY">/s/ Kim Gordon</U></FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Name:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Kim Gordon</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Title:</FONT></TD>
<TD WIDTH="70%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Executive Vice President and Chief Credit Officer</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
</P>

<B><FONT SIZE=2><P ALIGN="JUSTIFY"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">AGREEMENT AND CONSENT OF GUARANTORS</P>
</B><P ALIGN="CENTER"></P>
<P>Each of the undersigned guarantors, intending to be legally bound, does hereby (a) agree to the provisions of Section 6 of the foregoing Amendment, (b) consent to the execution, delivery and performance of the within and foregoing Amendment, and (c) confirm and reaffirm, without setoff, counterclaim, deduction or other claim of avoidance of any nature, the continuing effect of such guarantor's guaranty of the Obligations after giving effect to the foregoing Amendment.</P>

<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="JUSTIFY">HUDSON TECHNOLOGIES, INC.</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P>By: <U>/s/ Brian F. Coleman</P>
</U><P>Name:&#9;Brian F. Coleman&#9;</P>
<P>Title:&#9;President </P>

<P>&nbsp;</P>
<B><P ALIGN="JUSTIFY">HUDSON HOLDINGS, INC.</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P>By: <U>/s/ Brian F. Coleman</P>
</U><P>Name:&#9;Brian F. Coleman&#9;</P>
<P>Title:&#9;President </P>

<P>Dated: August 12, 2009</P>
<B>
</B><P>&nbsp;</P></FONT></BODY>
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