Birmingham, Alabama
October 20, 2005
ADDENDUM III
This Addendum III ("Addendum III") is an addendum to the Real Estate Note
("Note") executed by X. X. Xxxxxxxx, Xx., on behalf of Automotive Services
Group, LLC ("ASG") (the "Undersigned") the manager of Automotive Services Group,
LLC, on July 27, 2005, the Future Advance Mortgage Assignment of Rents and
Leases and Security Agreement ("Security Agreement") executed by the Undersigned
on July 27, 2005, Addendum I ("Addendum I") dated August 10, 2005 and Addendum
II dated September 23, 2005 ("Addendum II"). The Note, Security Agreement and
Addendum I and II are fully incorporated by reference in this Addendum III.
The Undersigned, for value received, promise to pay to the order of XXXX XXXXXX
XXXXXX ACQUISITION FUND, LLC, the sum of two hundred forty seven thousand four
hundred sixty two dollars ($253,075.25) ("Advance") together with interest upon
the unpaid portion thereof from the date at the rate of three percent (3%) above
the "Prime Rate" as published in The Wall Street Journal. This advance was to
fund construction costs. This note is secured by mortgage on real estate,
executed to the payee herein.
This Addendum III fully incorporates by reference the Note, Security Agreement
and Addendum I and II for an aggregate Advance to date in the amount of
$910,838.00.
This Addendum II is given, executed and delivered under the seal of the
Undersigned.
Automotive Services Group, LLC
/s/ X. X. Xxxxxxxx, Xx.
-------------------------------------------
By: X. X. Xxxxxxxx, Xx.
Its: Manager
