EXHIBIT 10.9
AMENDMENT TO LOAN AGREEMENT
This Amendment dated as of the 30th day of June, 2005, by and between
TWIN BRIDGES (BERMUDA) LTD., a Bermuda Company whose registered office is at
Xxxxxx'x Court, 00 Xxxxxxxx Xxxxxx, Xxxxxxxx XX 00, Xxxxxxx ("Xxxxxxxx") and
KEYBANK NATIONAL ASSOCIATION, a national banking association with offices at
0000 Xxxxxxxx Xxxx, XX-00-00-0000. Xxxxxxxx, Xxxx 00000 ("Lender") to that
certain Loan Agreement dated October 28, 2004 between Borrower and Lender (the
"Agreement").
WITNESSETH:
WHEREAS, pursuant to the Agreement, Lender made available to Borrower a
line of credit in the maximum principal amount of $3,000,000.00, the outstanding
balance of said sum being due and payable in full by June 30, 2005, and
WHEREAS, Borrower and Lender have agreed to extend the term of the line of
credit so it shall become due and payable in full by September 30, 2005,
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
Borrower and Lender, incorporating the defined terms used in the Agreement,
hereby amend Paragraph 2.2 of the Agreement to read as follows:
"2.2. TERM OF FACILITY. The Loan, if not sooner demanded, shall mature and
become due and payable on September 30, 2005. If not sooner demanded, the
Borrower shall have an option to renew the Loan for an additional one (1) year
term."
Except as hereby amended, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, Borrower and Lender have executed this Amendment as of
the date first hereinabove set forth.
TWIN BRIDGES (BERMUDA) LTD. KEYBANK NATIONAL ASSOCIATION
By: /s/ X. X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
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Name: X. X. Xxxxxxx Name: Xxxxxx X. Xxxxx
Title: Director Title: Vice President
