EX-10.8
from 8-K
3 pages
Borrower Previously Executed a Promissory Note Payable to Bank as More Particularly Identified by the Description of the Original Amount and Date Set Forth Above (Including All Previous Renewals, Extensions and Modifications Thereof, Collectively the “Promissory Note”). Borrower and Bank Hereby Agree That the Promissory Note Shall Be Modified Only to the Limited Extent as Is Hereinafter Set Forth; That All Other Terms, Conditions, and Covenants of Such Promissory Note Shall Remain in Full Force and Effect; and That This Agreement Shall Constitute a Renewal, Extension and Modification of the Promissory Note and Not a Novation. Now, Therefore, in Mutual Consideration of the Premises, the Sum of One Dollar ($1.00) and Other Good and Valuable Consideration, Each to the Other Parties Paid, the Parties Hereto Agree That the Promissory Note Is Hereby Amended as Follows: Interest Rate, Principal and Interest Payment Term Modifications Interest Shall Accrue From the Date Hereof on the Unpaid Balance Outstanding From Time to Time at The: Adjusted Libor Rate as More Specifically Described in the Addendum to Note Attached Hereto and Incorporated Herein. Principal and Interest Are Payable as Follows: Principal (Plus Any Accrued Interest Not Otherwise Scheduled Herein) Is Due in Full at Maturity on November 28, 2021
12/34/56
