October 28, 2010 Re: Extension of Maturity Date
Exhibit 10.1
October 28, 2010
Re: Extension of Maturity Date
Xxxx X. Xxxxxxxxxx, III, Chairman, President & CEO
First Xxxxxxx County Corporation
0 Xxxxx Xxxx Xxxxxx
West Chester, Pennsylvania 19380
Dear Xxxx:
Graystone Tower Bank hereby extends the maturity date of the Promissory Note dated November 20, 2009, as modified by that certain Loan and Note Modification Agreement dated December 28, 2009, made by First Xxxxxxx County Corporation in the principal amount of $26,000,000 to December 31, 2010.
Except as to the aforesaid extension of the maturity date, all other terms and conditions of the Promissory Note and the other Loan Documents (as such term is defined in that certain Loan Agreement dated as of November 20, 2009, as amended from time to time) shall remain unchanged and in full force and effect.
This letter shall be deemed to constitute an amendment to the Promissory Note and the other Loan Documents.
| Very truly yours, | ||
| GRAYSTONE TOWER BANK | ||
| By: | /s/ Xxxxxx X. Xxxxxx | |
| Xxxxxx X. Xxxxxx, President & CEO | ||
| ACCEPTED AND AGREED:
FIRST XXXXXXX COUNTY CORPORATION | ||
| By: | /s/ Xxxx X. Xxxxxxxxxx, III | |
| Xxxx X. Xxxxxxxxxx, III, Chairman, President & Chief Executive Officer | ||
