Exhibit 3.38
[Logo] SEAFIRST BANK
MEMBER FDIC LOAN MODIFICATION
AGREEMENT
This agreement amends the PROMISSORY NOTE dated MARCH 24, 1993 ("Note") executed
by CENTENNIAL FOODS, INC ("Borrower") in favor of SEATTLE-FIRST NATIONAL BANK
("Bank"), regarding a loan in the maximum principal amount of $1,084,009.62 (the
"Loan"). For mutual consideration, Borrower and Bank agree to amend the above
loan document as follows:
1. Payments. The required monthly principal and interest payment under
the Note is changed to $10,600.00 per month, with payments in the new amount to
begin on the 1st day of JULY, 1995, and with all other payment-related
provisions of the Note remaining unchanged.
2. Maturity Date. The maturity date of the Note is changed to April 1,
1997.
3. Modification Fee. Borrower shall pay to Bank a modification fee of
$500.00 upon execution of this Agreement.
4. 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: JUNE 8, 1995.
Bank: Borrower:
SEATTLE-FIRST NATIONAL BANK CENTENNIAL FOODS, INC.
By /s/Xxx Xxxx By /S/Xxx Xxxxx
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Title VP XXX XXXXX, PRESIDENT
Loan Modification Agreement(CENTENNIAL FOODS, INC. R/C No. 35204/CEN159JD
AFS#1482967649-34
