RENEWAL OF THE BUSINESS LOAN AGREEMENT DATED DECEMBER 6, 2012 BETWEEN MDS ENERGY DEVELOPMENT, LLC AND GATEWAY BANK OF PENNSYLVANIA
Exhibit 10.10
RENEWAL OF THE BUSINESS LOAN AGREEMENT
DATED DECEMBER 6, 2012
BETWEEN
MDS ENERGY DEVELOPMENT, LLC AND
GATEWAY BANK OF PENNSYLVANIA
December 6, 2012
Xxxxxxx X. Xxxxx, CPA
Chief Financial Officer
MDS Associated Cos, Inc.
000 Xxxxxx Xxxx, Xxxxx X
Xxxxxxxxxx XX 00000
RE: | Renewal of Committed Line of Credit |
Account #0000000-0001
Amount $ 1,000,000.00
Dear Xx. Xxxxx:
We are pleased to inform you that your Committed Line of Credit has been renewed. The Expiration Date, as set forth in the Note dated June 6, 2011 has been extended from December 31, 2012 to December 31, 2013, effective December 6, 2012. All terms & conditions of the Committed Line of Credit Note and Loan Agreement remain in full force and effect.
It has been a pleasure working with you and I look forward to a continued successful relationship.
Thank you for allowing Gateway Bank the opportunity to serve your financial needs. Please do not hesitate to call me at 000.000.0000 with any questions.
Sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Executive Vice President
Chief Lending Officer &
Chief Operating Officer
0000 Xxxxxxxxxx Xxxx • XxXxxxxx, XX 00000-0000 • (000) 000-0000 • xxx.xxxxxxxxxxxxx.xxx