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EXHIBIT 99.B
SOUTHTRUST BANK OF NORTH CAROLINA
AMENDMENT TO LOAN AGREEMENT
THIS AMENDMENT TO LOAN AGREEMENT, made and entered into this the 17th
day of January, 1997, between WSMP, INC., hereinafter the "Borrower"; and
SOUTHTRUST BANK OF NORTH CAROLINA, hereinafter the "Lender";
W I T N E S S E T H:
WHEREAS, the Borrower and the Lender entered into a Loan Agreement
dated January 10, 1997, (the "Loan Agreement") pursuant to which the Lender
loaned to the Borrower $5,000,000 (the "Loan"); and
WHEREAS, the parties inadvertently omitted a term from the Loan
Agreement, which term was contained in the parties' commitment letter dated
November 27, 1996;
NOW, THEREFORE, in consideration of the premises, the parties hereto
are agreed as follows:
1. Section 11 of the Loan Agreement is hereby amended by the addition of
the following sentence:
In the event any of the real estate collateral identified as "Secondary
Collateral" in Exhibit A hereto is sold by the Borrower to an unrelated
entity, the Lender will release the deed of trust on such property
without requiring principal debt reduction at that time.
2. As herein amended, the Loan Agreement shall remain in full force and
effect.
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IN WITNESS WHEREOF, the Borrower and the lender have caused this
Amendment to Loan Agreement to be duly executed, signed and sealed, all as of
the day and year first above written.
BORROWER:
WSMP, INC.
By: /s/ Xxxxx X. Xxxxxx
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Xxxxx X. Xxxxxx
Chief Financial Officer and Treasurer
(Corporate seal)
LENDER:
SOUTHTRUST BANK OF NORTH CAROLINA
By: /s/ Xxxxxx Xxxxxx
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Vice President
(Corporate Seal)
