EXHIBIT 10.48
[Letterhead of The Credit Store(Registered)]
February 27, 2001
VIA FACSIMILE & U.S. CERTIFIED MAIL
(000) 000-0000
Xxxxx Xxxxxxx, President
Bank of Hoven
000 Xxxx Xxxxxx
Xxxxx, Xxxxx Xxxxxx 00000
Re: Repurchase Agreement Dated November 30, 2000
Dear Xx. Xxxxxxx:
This letter shall memorialize the agreement between Bank of Hoven and The Credit
Store, Inc. to modify the provisions of Section 2.2(a) of the Repurchase
Agreement dated November 30, 2000, between the parties to extend the Option
Period from February 28, 2001 to May 31, 2001 in consideration of the payment of
$10,000 by The Credit Store, Inc. to Bank of Hoven. Please sign the enclosed
copy of this letter to signify your agreement with the above modification.
Sincerely Yours,
/s/ Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxxxxx
Executive Vice President and Chief Financial Officer
BANK OF HOVEN
/s/ Xxxxx Xxxxxxx, President
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Xxxxx Xxxxxxx, President
