BUSINESS LOAN EXTENSION AGREEMENT
You have requested an extension of the maturity date of your Loan from JPMorgan
Chase Bank, NA, or its predecessor in interest. Pursuant to that request,
provided you are not otherwise in default under the terms of the Loan, the
maturity date of the Loan is extended three months from the current maturity
date. All other terms and conditions of your Loan will remain the same,
including but not limited to payments. All rights described in the documentation
for the Loan are and remain binding in all respects. This extension agreement
shall not release or affect the liability of any guarantor, surety or endorser
of the Loan, or release any security interest granted by any owner of any
collateral securing the Loan. This agreement is a modification only, and not a
novation.
Each Borrower continues to authorize any attorney at law to appear in an action
on the Loan, as modified, at any time after the same becomes due, whether by
acceleration or otherwise, in any court of record in or of the State where the
Loan was executed, or of elsewhere, and to waive the issuing and service of
process against any or all Borrower, enter an appearance and to confess judgment
in favor of JPMorgan Chase Bank, NA, against any or all Borrowers for the amount
that may be due under the Loan, as modified, together with costs of suit, and to
release all errors and waive all rights of appeal and stay of execution from the
judgment rendered. After the judgment is entered against any one or more
Borrowers, the powers herein conferred may be exercised as to any one or more of
the other Borrowers. The death of any Borrower shall not impair the authority
herein granted as to the survivor or survivors of such Xxxxxxxx.
Failure to comply with any of the requirements as stated in this extension
agreement will nullify this request. JPMorgan Chase Bank, NA, shall not be bound
by this Agreement until JPMorgan Chase Bank, NA, has executed the
Acknowledgement and Agreement below.
Customer/Loan Number: 2626031526/F67 L 75 C 117
Borrower Name: Engineered Wire Products Inc.
Address: 0000 X Xxxxxxx
City, State, Zip Upper Sandusky OH 43351
WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRAIL. IF YOU DO NOT PAY ON TIME A COURT JUDGEMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.
Company Signature: Xxxx X. Xxxxxxx, Xx. Title: VP Date: 6/27/05
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
ACKNOWLEDGEMENT AND AGREEMENT:
The foregoing Business Loan Extension Agreement Is hereby acknowledged and
agreed to this 27th date of June, 2005.
JPMorgan Chase Bank, NA
By: Xxxxxxx X. Xxxxxxxx Title: V.P.
