EX-10.31
from 10-K
4 pages
Whereas, the Borrower Executed a Line of Credit Note as Evidence of Indebtedness in the Original Face Amount of Two Million Seven Hundred Thousand and 00/100 Dollars ($2,700,000.00), Dated September 27, 2002 Owing by the Borrower to the Bank, as Same May Have Been Amended or Modified From Time to Time, Which Face Amount Was Increased to Four Million Two Hundred Thousand and 00/100 Dollars ($4,200,000.00) by Subsequent Modification, Dated June 2, 2003, (“Note”), Which Note Has at All Times Been, and Is Now, Continuously and Without Interruption Outstanding in Favor of the Bank; And, Whereas, the Borrower Has Requested and the Bank Has Agreed That the Note Be Modified to the Limited Extent as Hereinafter Set Forth; Now Therefore, in Mutual Consideration of the Agreements Contained Herein and for Other Good and Valuable Consideration, the Parties Agree as Follows: 1. Accuracy of Recitals. the Borrower Acknowledges the Accuracy of the Recitals Stated Above. 2. Modification of Note. 2.1 From and After the Effective Date, a Portion of the Provision in the Note Captioned Promise to Pay Is Hereby Amended as Follows
12/34/56
