Exhibit 4.11
XXXXX & XXXXX COMPANY
0000 XXXXXXX XXXX
XXXXX 000
XXXXXXXXXX, XXXXXXXX 00000
May 9, 2003
Kojaian Funding, L.L.C.
00000 Xxxxxxxx Xxxxxx
Xxxxx 000
Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000
Re: $4,000,000 Loan and Security Agreement dated May 9, 2003
(the "Security Agreement") from Kojaian Funding, L.L.C.
("Lender") to Xxxxx & Xxxxx Company ("Borrower")
Ladies and Gentlemen,
The undersigned hereby warrants and affirms that the proceeds from the
above-referenced Loan will used only in connection with Borrower's ordinary
course of business and will not be used to pay down any amounts due and owing
under that certain Amended and Restated Credit Agreement dated as of December
31, 2000 (as amended or otherwise modified, the "CREDIT AGREEMENT") among
Borrower, various financial institutions and Bank of America, N.A., as
Administrative Agent.
XXXXX & XXXXX COMPANY
By: _______________________________
Its: ______________________________
ACS;\H:\Kojaian\side ltr.doc