BUSINESS LOAN EXTENSION AGREEMENT
You have requested an extension of the maturity data of your Loan from Bank One,
NA with its main office in Columbus, Ohio which is further identified below.
Pursuant to that request, provided you are not otherwise in default under the
terms of the loan, the maturity date of the Loan is extended three months from
the currant maturity date. All other terms and conditions of your Loan will
remain the same, including but not limited to payments. All rights described in
the documentation for the Loan are and remain binding in all respects. This
extension agreement shall net release or affect the liability of any guarantor,
surety or endorser or the Loan, or release any security interest granted by any
owner of any collateral gar-wring the Loan. This agreement is a modification
only, and not a novation.
Each Borrower continues to authorize any attorney at law to appear in an action
an the Loan, as Modified, et any time after the same becomes due, whether by
acceleration or otherwise, in any court of record In or of the State where the
Loan was executed, or of elsewhere, and to waive the issuing and service of
process against any or all Borrower, enter an appearance and to confess judgment
in favor of Bank One, NA with its main off Ice In Columbus, Ohio, against any or
all Borrowers for the amount that may be due under the Loan, as modified,
together with costs or suit, and to release all errors and waive all rights of
appeal and stay of execution from the judgment rendered. After the judgment is
entered against any one or more Borrowers, the powers herein conferred may be
exercised as to any one or more of the airier Borrowers, The death of any
Borrower shall not Impair the authority herein granted as to the survivor or
survivors of such Xxxxxxxx.
Failure to comply with any of the requirements as stated in this extension
agreement will nullify this request. Bank One, NA with its main office in
Columbus, Ohio shall not be bound by this Agreement until Bank One, NA with its
main office In Columbus, Ohio has executed the Acknowledgement and Agreement
below.
Customer/Loan Number: 2626031526/F67 L 75 C 117
Borrower Name: Engineered Wire Products Inc.
Address: 0000 X Xxxxxxx
City, State, Zip Upper Sandusky OH 43351
WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRAIL. IF YOU DO NOT PAY ON TIME A COURT JUDGEMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.
Company Signature: Xxxx X. Xxxxxxx, Xx. Title: VP Date: 9/30/04
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
Company Signature: Title: Date:
(authorized signature)
ACKNOWLEDGEMENT AND AGREEMENT:
The foregoing Business Loan Extension Agreement is hereby acknowledged and
agreed to this 30th day of September, 2004.
JPMorgan Chase Bank, NA
By: Xxxxxxx X. Xxxxxxxx Title: V.P.
