EXHIBIT 10.14
EXTENSION AGREEMENT
DECEMBER 13, 2002
Reference is made to that certain First Amendment and Restated
Promissory Note dated August 19, 1999 (the "Note") between X'Xxxxxxx & Xxxxx,
X.X. (the "Payee") and Bestway, Inc. (the "Maker"). All capitalized terms used
in the agreement shall have the meanings given such terms in the Note, unless
otherwise defined herein.
Pursuant to the Note, the current maturity is November 1, 2003. The
Payee and the Maker desire to extend the Note maturity until May 31, 2004.
Therefore, in consideration of the mutual reliance on the parties hereto, the
Payee and the Maker agree that (1) the maturity of the Note is extended to May
31, 2004, unless sooner accelerated pursuant to the provisions of the Note and
that (2) all terms and provisions of the Note shall remain in full force and
effect and shall govern the rights and obligations of the Payee and the Maker.
EXECUTED as December 13, 2002
X'XXXXXXX & MASUR, L.P.
By:
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Xxxxx X. X'Xxxxxxx
Partner
BESTWAY, INC.
By:
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Xxxx X. Xxxxxxx
Chief Financial Officer