Exhibit 10(lix)
FC1 I-311611M
122199:MHD
SECOND LOAN MODIFICATION AGREEMENT
($3,000,000 LOAN TO BLUE II, L.L.C.)
THIS SECOND LOAN MODIFICATION AGREEMENT ("Agreement") is made and
entered into as of the 21st day of December, 1998 by and among FCNB BANK (the
"Bank"), the MARYLAND ECONOMIC DEVELOPMENT CORPORATION ("MEDCO"), the MARYLAND
INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY ("MIDFA"), BLUE II, LLC (the
"Borrower"), FREDERICK BREWING CO., ("FBC"), XXXXXX X. XXXXX ("Xxxxx"), XXXXXX
XXXXXXXXXX ("Xxxxxxxxxx"), XXXXXXXX X. XXXXX ("Xxxxx") and XXXXXXXXXX X.
JAYANTHIMATH ("Jayanthimath"). Scott, Schuerholz, Foris and Jayanthimath are
hereafter collectively referred to as the "Guarantors". The Borrower, FBC and
the Guarantors are sometimes collectively referred to as the "Obligors".
R E C I T A L S
R-1. Pursuant to and in accordance with Article 83A, Title 5, Subtitle
2 of the Annotated Code of Maryland, MEDCO issued and sold to Signet Bank
("Signet") its Taxable Economic Development Revenue Bond (Blue II, LLC
Facility), 1996 Issue, dated July 19, 1996, in the original principal amount of
$3,000,000 (as amended, modified, supplemented, extended, renewed and restated
from time to time, the "Bond").
R-2. The proceeds of the sale of the Bond were loaned to the Borrower
in accordance with the terms and conditions of a Loan and Financing Agreement
dated July 19, 1996 by and among Signet, the Borrower, FBC and MEDCO (as
amended, modified, supplemented, extended, renewed or restated from time to
time, the "Loan Agreement").
R-3. The loan by MEDCO to the Borrower of the proceeds of the sale of
the Bond is evidenced by a Promissory Note dated July 19, 1996 in the original
principal amount of $3,000,000.00 executed by the Borrower in favor of MEDCO and
assigned by MEDCO to Signet (the "Note").
R-4. The Borrower's obligations under the Loan Documents (as hereafter
defined) are secured by, inter alia, the following (collectively, the
"Collateral"): (a) a Deed of Trust dated July 19, 1996 (the "Deed of Trust")
recorded among the land records of Xxxxxxxxx County, Maryland at liber 2207,
folio 0857 encumbering certain real estate and improvements described therein
(the "Property"); and (b) an Assignment of Leases and Rents dated July 19, 1996
(the "Assignment of Rents") recorded among the land records of Xxxxxxxxx County,
Maryland at liber 2207, folio 0903.
R-5. The Borrower's obligations under the Loan Documents (as hereafter
defined) are guaranteed by the Guarantors as set forth in a Guaranty
(Deficiency) dated July 19, 1996 (the "Guaranty").
R-6. MIDFA insures a portion of the Obligations (as hereafter defined)
pursuant to the terms of an Insurance Agreement dated July 19, 1996 (the
"Insurance Agreement").
R-7. The terms of the Loan Agreement were modified pursuant to the
terms of a Forbearance Agreement dated February 27, 1997 and a letter agreement
dated
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January 9, 1998 (collectively, the "Prior Modification Documents") and were
further modified pursuant to the terms of a certain Loan Modification Agreement
dated May 27, 1998, by and among First Union National Bank ("First Union"), as
successor by merger to Signet, MEDCO, MIDFA, FBC, the Borrower and the
Guarantors (the "First Loan Modification Agreement").
R-8. The Note and the Bond were also previously modified pursuant to a
certain Allonge attached thereto dated May 27, 1998, by and among First Union,
MEDCO and the Borrower (the "Allonge").
R-9. At the request of the Borrower, the Bank has purchased the Loan as
well as the Bond, the Note and the other Loan Documents from First Union, and
has taken an assignment of First Union's right, title and interest therein
pursuant to a certain Assignment of even date herewith by First Union in favor
of the Bank.
R-10. Pursuant to the terms of the First Loan Modification Agreement,
the Loan (as hereafter defined) is currently scheduled to mature on April 1,
1999 (the "Maturity Date").
R-11. The Borrower has requested that the Bank extend the Maturity Date
of the Loan to July 1, 2006 and to make certain other changes to the repayment
terms of the Loan as described hereinbelow, which the Bank has agreed to do on
the condition, among others, that the Borrower and Guarantors enter into this
Agreement.
R-12. The Bond and the interest thereon are limited obligations of
MEDCO, the principal of, premium, if any, and interest on which are payable
solely from the security described in Section 2.7 of the Loan Agreement or from
the Property (as defined in the Loan Agreement); provided, however, that under
the Loan Agreement, MEDCO has reserved to itself, and has not pledged or
assigned, the Reserved Rights of the Issuer (as defined in the Loan Agreement).
Neither the Bond nor the interest thereon shall ever constitute an indebtedness
or a charge against the general credit or taxing powers of MEDCO, the State of
Maryland, the Maryland Department of Business and Economic Development, MIDFA,
any other public instrumentality or any public body within the meaning of any
constitutional or charter provision or statutory limitation, and neither shall
ever constitute or give rise to any pecuniary liability of MEDCO, the State of
Maryland, the Maryland Department of Business and Economic Development, MIDFA
(except in regard to the Insurance Agreement), any other public instrumentality
or any public body.
R-13. The Obligors' obligations under the Bond, the Note, the Loan
Agreement, the Guaranty and the other Loan Documents (as hereafter defined) are
hereafter collectively referred to as the "Obligations". The Bond, the Note, the
Loan Agreement, the Guaranty, this Agreement and all documents previously, now
or hereafter executed and delivered to evidence, secure, guarantee or in
connection with the obligations, as the same may from time to time be amended,
modified, supplemented, extended, renewed, or restated, are hereafter
collectively referred to as the "Loan Documents". The loan evidenced by the Loan
Documents is referred to herein as the "Loan".
NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and for good and valuable consideration, the
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receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:
1. RECITALS.
The Bank and the obligors acknowledge and agree that the recitals to
this Agreement are true and correct. The recitals to this Agreement are
incorporated into and made a substantive part of this Agreement.
2. CONFIRMATION AND RATIFICATION OF LOAN DOCUMENTS.
The Obligors, individually and collectively, agree that the Loan
Documents are in full force and effect and that each of the Loan Documents shall
remain in full force and effect as the same may be modified or amended in
writing in accordance with its terms. The Obligors confirm and ratify their
obligations under the Loan Documents, and agree that the execution and delivery
of this Agreement shall not in any way diminish or invalidate any of their
obligations under the Loan Documents. All parties hereto consent to the
execution and delivery of this Agreement, and to all the provisions of this
Agreement to the extent that such provisions may modify the terms and provisions
of any of the Loan Documents. The Bank and the Obligors hereto do hereby agree
and acknowledge that as of the date of this Agreement, there is currently
evidenced by the Bond and the Note the total outstanding principal balance of
TWO MILLION SIX HUNDRED NINETY-SIX THOUSAND FOUR HUNDRED TWENTY-EIGHT DOLLARS
AND SIXTY-TWO CENTS ($2,696,428.62), with all accrued interest thereon through
the date hereof having been paid by the Borrower prior to the execution of this
Agreement.
3. CONFIRMATION AND RATIFICATION OF GUARANTY AND AGREEMENT TO MAKE
MODIFICATIONS THERETO.
The Guarantors, individually and collectively, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
hereby consent to and join in this Agreement and hereby declare to and agree
with that the Guaranty is and shall continue in full force and effect for the
benefit of the Bank, MEDCO and MIDFA, that there are no offsets, claims or
defenses of the Guarantors with respect to the Guaranty nor, to the Guarantors'
knowledge, with respect to the Obligations, that the Guaranty is not released,
diminished or impaired in any way by this Agreement or the transactions
contemplated hereby, and that the Guaranty is hereby confirmed and ratified in
all respects. The Guarantors hereby reaffirm all of the representations and
warranties set forth in the Guaranty. The Guarantors do hereby agree to amend
and modify the Guaranty in accordance with the terms and provisions of the
Amendment to Guaranty attached hereto as EXHIBIT A, to be executed by the
Guarantors as of even date herewith. The Guarantors acknowledge that, without
this consent and reaffirmation, and the agreements described in this paragraph
3., the Bank, MEDCO and MIDFA would not execute this Agreement or otherwise
consent to its terms.
4. MODIFICATION OF MATURITY DATE.
The Loan shall mature on July 1, 2006 (the "Amended Maturity Date").
On the Amended Maturity Date, all of the Obligations, including all outstanding
principal, accrued interest, outstanding late charges, outstanding fees and all
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other amounts due under the Loan Documents, shall be due and payable in
full. The Bank shall have no obligation to consider or grant any extension of
the Amended Maturity Date.
5. MODIFICATION OF INTEREST RATE.
From and after the date of this Agreement, the Obligations shall
bear interest at a fixed rate equal to EIGHT AND THREE QUARTERS PERCENT (8 3/4%)
PER ANNUM, subject however, to any applicable default interest rate set forth in
the Loan Documents. All interest due with respect to the obligations shall be
calculated on a three hundred sixty (360)-day year, and shall be determined by
the actual number of days elapsed.
6. MODIFICATION OF PRINCIPAL AND INTEREST REPAYMENT PROVISIONS.
From and after the date of this Agreement, combined payments of
principal and interest on the Loan at the rate stated above on the outstanding
principal balance due under the Loan shall be made in equal consecutive monthly
installments of TWENTY-NINE THOUSAND ONE HUNDRED EIGHTY-THREE DOLLARS AND
NINETY-SEVEN CENTS ($29,183.97) each, commencing on the last day of January,
1999, and continuing on the last day of each and every month thereafter until
the Amended Maturity Date, at which time all Obligations, including all
outstanding principal, accrued interest thereon, late charges, outstanding fees
and all other amounts due under the Loan Documents, shall be due and payable in
full.
7. MODIFICATION OF FINANCIAL COVENANTS.
The amendments and modifications to the financial covenants set
forth in Section 5.4(b) and Section 5.4(e) of the Loan Agreement, which were
made in the First Loan Modification Agreement shall remain in full force and
effect from and after the date of this Agreement.
8. FEES AND EXPENSES.
The obligors' shall be responsible for all fees and expenses,
including all attorneys fees and expenses, incurred by the Bank, MIDFA and
MEDCO in connection with the negotiation and preparation of this Agreement and
with the enforcement of the Bank's rights under the Loan Documents, which fees
and expenses shall be considered part of the Obligations.
9. ALLONGE TO NOTE AND BOND.
The Bank, MEDCO and the Borrower do hereby agree to execute as of
even date herewith a Second Allonge to the Bond and the Note, in the form
attached hereto as EXHIBIT B, which incorporates therein the modifications to
the Maturity Date, interest rate, and principal and interest repayment
provisions set forth in paragraphs 4., 5. and 6. of this Agreement.
10. MIDFA APPROVAL AND CONFIRMATION AND RATIFICATION OF INSURANCE
AGREEMENT.
MIDFA hereby consents to the Bank's purchase of the Loan, the Bond,
the Note and other Loan Documents from First Union and does hereby consent to
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the modifications set forth herein and in the Amendment to Guaranty and the
Allonge in the form attached hereto as EXHIBIT A and EXHIBIT B, respectively.
MIDFA hereby declares and agrees that the Insurance Agreement is and shall
continue in full force and effect for the benefit of the Bank, subject however,
to the modifications and clarifications set forth in that certain letter dated
November 6, 1998 from Xxxxxx X. Xxxxxxx, Assistant Secretary Financing Programs
of MIDFA, to Xxxxxxx X. Xxxxxx, Senior Vice President of the Bank, a copy of
which is attached hereto as EXHIBIT C, made a part hereof and incorporated
herein by reference.
11. OBLIGORS' REPRESENTATIONS AND WARRANTIES.
As inducement to enter into this Agreement, the obligors hereby
represent and warrant to the Bank, MEDCO and MIDFA as follows:
11.1. Authorization and Validity. The execution and delivery of this
Agreement, the Amendment to Guaranty, the Allonge, and any other related
documents by the Obligors and the performance of their obligations hereunder
have been duly authorized, and this Agreement, the Amendment to Guaranty, the
Allonge, and such other related documents constitute the legal, valid and
binding obligations of the Obligors in accordance with their respective terms.
11.2. Compliance With Other Instruments. The Obligors are not in
default under any provision of their articles of incorporation or organization,
by-laws or operating agreement or other organizational or governing documents,
as applicable, or of any existing judgment, decree, law, governmental order,
rule or regulation applicable to them, or of any agreement or other instrument
to which they are a party or by which their assets are bound. The execution and
delivery by the Obligors of this Agreement and related documents, the
consummation of the transactions herein and therein contemplated, and the
compliance with the terms and provisions hereof and thereof, (a) has not and
will not constitute or result in a breach of their articles of incorporation or
organization, by-laws or operating agreement, or other organizational or
governing documents, as applicable, any presently existing applicable law,
order, writ, injunction or decree of any court or governmental department,
commission, board, bureau, agency or instrumentality, or (b) conflict or be
inconsistent with or result in any breach of any of the terms, covenants,
conditions or provisions thereof, or constitute a default under any indenture,
mortgage, deed of trust, lease, sublease, instrument, document, agreement or
contract of any kind to which the Obligors are a party or by which the Obligors
may be bound or subject.
11.3. Benefit. The obligors have each derived direct or indirect
benefit from this Agreement and the transactions contemplated hereby.
11.4. Engagement of Counsel. The Obligors have each engaged (or have
had the opportunity to engage) independent legal counsel of their choice to
review this Agreement and any related documents. The Obligors each acknowledge
that they are executing and delivering this Agreement and any related documents
voluntarily, without coercion or duress of any kind, and with full understanding
of its content and meaning.
11-5.1 Truth of Representations. Any and all documents, reports,
certificates and statements provided to the Bank by or on behalf of any or all
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of the Obligors in connection with the transactions contemplated hereby are
true, correct and complete, do not contain any untrue statements of material
fact and do not omit any facts to make information contained therein not
misleading.
11.6. Litigation. There is no litigation, at law or in equity, nor
any proceeding before any federal, state or other governmental or administrative
agency or any arbitrator pending or to the knowledge of the Obligors threatened
against the Obligors, except as has been disclosed to the Bank in writing.
12. RELEASE OF BANK, MEDCO AND MIDFA.
The Obligors, individually and collectively, hereby RELEASE and
FOREVER WAIVE and RELINQUISH all claims, demands, obligations, liabilities and
causes of action of whatsoever kind or nature, whether known or unknown, which
all or any of them has, may have, or might have or assert now or in the future
against the Bank, MEDCO or MIDFA and/or their respective current or former
directors, members, officers, employees, representatives, insurers, attorneys,
agents, successors or assigns, or any affiliates, subsidiaries or related
entities of the Bank, MEDCO or MIDFA and/or their respective directors, members,
officers, employees, representatives, insurers, attorneys, agents successors or
assigns (individually and collectively, the "Bank/MEDCO/MIDFA Group"), directly
or indirectly, arising out of, based upon or in any manner connected with any
Prior Related Event. As used herein, the term "Prior Related Event" means any
transaction, event, circumstance, action, failure to act or occurrence of any
sort or type, whether known or unknown, arising out of or related in any way to
the Loan, the Obligations, the Bond, the Note, all or any of the Loan Documents,
the Collateral, the Property, the Deed of Trust, the Assignment of Rents, the
Guaranty, the Insurance Agreement, any amendments or modifications of any of the
foregoing, the Bank, MEDCO, MIDFA and/or the relationship among all or any of
the Obligors and the Bank/MEDCO/MIDFA Group which occurred, existed, was taken,
permitted or begun prior to the execution of this Agreement. The execution of
this Agreement by the Bank, MEDCO and MIDFA shall not constitute an
acknowledgment or admission by the Bank, MEDCO and MIDFA of any liability for
any matter or precedent upon which any liability may be asserted.
13. GENERAL PROVISIONS.
13.1. Headings. The headings and subheadings in this Agreement are
intended for convenience only and shall not be used or deemed to limit or
diminish any of the provisions hereof.
13.2. Construction. Unless the context requires otherwise, singular
nouns and pronouns used in this Agreement shall be deemed to include the plural,
and pronouns of one gender shall be deemed to include the equivalent pronoun of
the other gender.
13.3. Further Assurances and Corrective Instruments. The parties to
this Agreement shall execute, acknowledge and deliver, or cause to be executed,
acknowledged and delivered, from time to time, such supplements hereto and such
further instruments and documents as may be required to facilitate the carrying
out of the intentions of the parties to this Agreement.
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[INSERT MISSING COPY]
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parties hereto with respect to the matters covered and the transactions
contemplated hereby, and no other agreement, statement or promise made by any
party hereto, or any employee, officer, agent or attorney of any party hereto,
shall be valid or binding. In the event any provisions in this Agreement is in
conflict with any provisions of any Loan Document, the provisions in this
Agreement shall prevail.
13.10. No Release or Discharge. Except as expressly provided herein,
nothing contained in this Agreement is intended to or shall act to nullify,
discharge or release any obligations or to release any collateral. Except to the
extent of any express conflict with this Agreement, each and every of the terms
and conditions of the Loan Documents shall remain in full force and effect.
13.11. Notices. Any notices required or permitted by this Agreement
shall be in writing and shall be deemed delivered if delivered by hand, by
overnight mail or by certified mail, return receipt requested, as follows,
unless such address is changed by written notice hereunder:
If to the Bank: FCNB Bank
X.X. Xxx 000
0000 XXXX Court
Frederick, Maryland 21705-0240
ATTN: Xx. Xxxxxxx X. Xxxxxx
Senior Vice President
If to MEDCO: Maryland Economic Development Corporation
Suite 2410
00 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
ATTN: Xx. Xxxx X. Xxxxx
Executive Director
with a copy to: Xxxx X. Xxxxxx, Esquire
Miles & Stockbridge P.C.
00 Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
If to MIDFA: Maryland Industrial Development Financing
Authority
22nd Floor
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
ATTN: Xx. Xxxxxxx X. Xxxxxxxxx
Manager, Special Assets Division
with a copy to: Xxxxx X. Xxxxx, Esquire
Suite 1105
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
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If to the Borrower: Blue II, LLC
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
ATTN: Xx. Xxxxxx X. Xxxxx
Managing Member
with a copy to: Xxxxx X. Xxxxxxx, Esquire
Xxxxxx & Xxxxxxx
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
If to FBC: Frederick Brewing Co.
0000 Xxxxxxxxx Xxxxxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
ATTN: Xx. Xxxxx X. Xxxxxxx, Chairman
and Chief Executive Officer
If to Xxxxx: Xxxxxx X. Xxxxx
000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
If to Schuerholz: Xxxxxx Xxxxxxxxxx
00000 Xxxxx Xxxx Xxxx
Xxxxxxx, Xxxxxxxx 00000
If to Foris: Xxxxxxxx X. Xxxxx
00 Xxxxxx Xxxxxxx Xxxxx
Xxxxxxxxx, Xxxxxxxx 00000
If to Jayanthimath: Vishnampet S. Jayanthimath
0000 Xxxxx Xxxx
Xxxxxxxxx, Xxxxxxxx 00000
The addresses set forth in this Section 13.11 shall amend, supersede
and replace the addresses set forth in the definition of "Notice" under Section
1.1 of the Loan Agreement.
13.12. Applicable Law. The performance, construction and enforcement
of this Agreement and the documents executed in connection with this Agreement
shall be governed by the laws of the State of Maryland.
13.13. Time of Essence. Time is of the essence.
13.14. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same agreement.
13.15. Binding Effect. This Agreement shall have no effect unless
and until it has been executed by all parties.
13.16. Appointment of New Bond Registrar. Pursuant to Section 2.5 of
the Loan Agreement, MEDCO does hereby remove First Union as the Bond Registrar
and does hereby appoint FCNB Bank as Bond Registrar in the place and stead of
First Union. FCNB hereby accepts such appointment and does hereby
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agree to act as Bond Registrar.
IN WITNESS WHEREOF, the parties hereto have executed and caused to be
executed, this Agreement under seal as of the day and year first written above.
WITNESS/ATTEST: FCNB BANK
/s/ Illegible BY:/s/ Xxxxxxx X. Xxxxxx (SEAL)
---------------------- -------------------------
Name to Come Xxxxxxx X. Xxxxxx
Senior Vice President
WITNESS/ATTEST: MARYLAND ECONOMIC, DEVELOPMENT
CORPORATION
/s/ Xxxxx XxXxxx BY:/s/ Xxxx X. Xxxxx (SEAL)
---------------------- -------------------------
Xxxxx XxXxxx Xxxx X. Xxxxx
Executive Director
WITNESS/ATTEST: MARYLAND INDUSTRIAL DEVELOPMENT
FINANCING AUTHORITY
/s/ Illegible BY:/s/ D. Xxxxxxx Xxxx (SEAL)
---------------------- -------------------------
Name to Come Name: D. Xxxxxxx Xxxx
Title: Executive Director
WITNESS/ATTEST: BLUE II, LLC
/s/ Illegible BY:/s/ Xxxxxx X. Xxxxx (SEAL)
---------------------- -------------------------
Name to Come Name: Xxxxxx X. Xxxxx
Title: Member
WITNESS/ATTEST: FREDERICK BREWING CO.
BY:/s/ Xxxxx X. Xxxxxxx (SEAL)
-------------------------
Name: Xxxxx X. Xxxxxxx
Title: Chairman and Chief Executive
Officer
WITNESS/ATTEST: XXXXXX X. XXXXX
BY:/s/ Xxxxxx X. Xxxxx (SEAL)
-------------------------
Name:
Title:
WITNESS/ATTEST: XXXXXX XXXXXXXXXX
BY:/s/ Xxxxxx Xxxxxxxxxx (SEAL)
-------------------------
Name: Xxxxxx Xxxxxxxxxx
Title:
WITNESS/ATTEST: XXXXXXXX X. XXXXX
BY:/s/ Xxxxxxxx X. Xxxxx (SEAL)
-------------------------
Name: Xxxxxxxx X. Xxxxx
Title:
WITNESS/ATTEST: VISHNAMPET S. JAYANTHIMATH
BY:/s/ Illegible (SEAL)
-------------------------
Name: Illegible
Title:
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STATE OF MARYLAND )
) ss:
COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 31st day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxxxxx X. Xxxxxx, known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Loan Modification Agreement, who
acknowledged himself to be the Senior Vice President of FCNB Bank, and that he
being authorized to do so, executed the foregoing Loan Modification Agreement
for the purposes therein contained.
/s/ Illegible
-------------------------
Notary Public
My commission expires: 5/5/2001
STATE OF MARYLAND )
) ss:
CITY/COUNTY OF BALTIMORE )
------
I HEREBY CERTIFY that on the 29th day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxx X. Xxxxx, known to me or satisfactorily proven to be the person whose name
is subscribed to the foregoing Loan Modification Agreement, who acknowledged
himself to be the Executive Director of the Maryland Economic Development
Corporation, and that he being authorized to do so, executed the foregoing Loan
Modification Agreement for the purposes therein contained.
Charlotte Base Xxxxxxx
-------------------------
Notary Public
My commission expires: Xxxxx 0, 0000
XXXXX OF____________________)
) ss:
CITY/COUNTY OF______________)
I HEREBY CERTIFY that on the ___ day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
_____________________, known to me or satisfactorily proven to be the person
whose name is subscribed to the foregoing Loan Modification Agreement, who
acknowledged himself/herself to be the _________________________ of the Maryland
Industrial Development Financing Authority, and that he/she being authorized to
do so, executed the foregoing Loan Modification Agreement for the purposes
therein contained.
-------------------------
Notary Public
My commission expires:_______________
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STATE OF MARYLAND )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 30th day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxxxx X. Xxxxx, known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Loan Modification Agreement, who
acknowledged himself/herself to be the member of Blue II, LLC, and that he/she
being authorized to do so, executed the foregoing Loan Modification Agreement
for the purposes therein contained.
/s/ Illegible
-------------------------
Notary Public
My commission expires: 11/01/01
STATE OF MARYLAND )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 31st day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxxx X. Xxxxxxx, known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Loan Modification Agreement, who
acknowledged himself/herself to be the Chairman and CEO of Xxxxxxxxx Brewing
Co., and that he/she being authorized to do so, executed the foregoing Loan
Modification Agreement for the purposes therein contained.
/s/ Illegible
-------------------------
Notary Public
My commission expires: 5/5/2001
STATE OF MARYLAND )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 30th day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxxxx X. Xxxxx, known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Loan Modification Agreement who executed the
foregoing Loan Modification Agreement for the purposes therein contained.
/s/ Illegible
-------------------------
Notary Public
My commission expires: 11/01/01
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STATE OF MARYLAND )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 29th day of December, 1998, before me,
the subscribed, a notary public of the above state and county, personally
appeared Xxxxxx Xxxxxxxxxx, known to me or satisfactorily proven to be the
person whose name is subscribed to the foregoing Loan Modification Agreement,
who executed the foregoing Loan Modification Agreement for the purposes therein
contained.
My commission expires: [illegible] ------------------------
Notary Public
STATE OF MARYLAND )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 30th day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Xxxxxxxx X. Xxxxx, known to me or satisfactorily proven to be the person whose
name is subscribed to the foregoing Loan Modification Agreement, who executed
the foregoing Loan Modification Agreement for the purposes therein contained.
------------------------
Notary Public
My commission expires: 0-00-00
XXXXX XX XXXXXXXX )
) ss:
CITY/COUNTY OF XXXXXXXXX )
I HEREBY CERTIFY that on the 30th day of December, 1998, before me, the
subscribed, a notary public of the above state and county, personally appeared
Vishnampet S. Jayanthimath, known to me or satisfactorily proven to be the
person whose name is subscribed to the foregoing Loan Modification Agreement,
who executed the foregoing Loan Modification Agreement for the purposes therein
contained.
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Notary Public
My commission expires: 3-30-99
LAW OFFICES
MILES & STOCKBRIDGE P.C.
00 XXXX XXXXXXX XXXXXX, XXXXX 000
XXXXXXXXX, XXXXXXXX 00000
