LOAN MODIFICATION
AGREEMENT
[GRAPHIC OMITTED] SEAFIRST BANK
MEMBER FDIC
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This agreement amends the Promissory Note dated APRIL 14, 1998 ("Note")
executed by THE COEUR D'ALENES COMPANY AND UNION IRON WORKS, INC OF SPOKANE,
WASHINGTON ("Borrower") in favor of BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, DOING BUSINESS AS SEAFIRST BANK ("Bank"), regarding a loan in the
maximum principal amount of $1,850,000.00 (the "Loan"). For mutual
consideration, Borrower and Bank agree to amend the above loan documents as
follows:
1. MATURITY DATE. The maturity date of the Note is changed to MAY
1,2000. Bank's commitment to make advances to Borrower under its line of credit
is also extended to MAY 1,2000.
2. MODIFICATION FEE. Borrower shall pay to Bank a modification fee of
$1,000.00 upon execution of this Agreement.
3. OTHER TERMS. Except as specifically amended by this agreement or
any prior amendment, all other terms, conditions, and definitions of the Note
and all other security agreements, guaranties, deeds of trust, mortgages, and
other instruments or agreements entered into with regard to the Loan shall
remain in full force and effect.
DATED FEBRUARY 22, 1999.
Bank:
SEAFIRST BANK
By
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Title
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Borrower:
THE COEUR D'ALENES COMPANY AND UNION IRON
WORKS, INC OF SPOKANE,WASHINGTON
By:
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THE COEUR D'ALENES COMPANY
By:
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XXXXXXX XXXXXXXXX, TREASURER/CFO
By:
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UNION IRON WORKS,INC OF SPOKANE,WASHINGTON
By:
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XXXXXXX XXXXXXXXX, TREASURER/CFO
LOAN MODIFICATION AGREEMENT
(THE COEUR D'ALENES COMPANY UNION IRON WORKS, INC OF SPOKANE;
R/C No. 88245/COE053JS)
AFS No. 1701484046
