EXHIBIT 10.1
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Comerica Bank
May 10, 2006
Xxxxxxx Xxxxxx
President
Liberty Premium Finance
00000 000xx Xx. Xxxxxxxx, XX 00000
RE: Liberty Premium Finance ("Borrower")
Obligor Number #4629454937
Dear Xx. Xxxxxx:
Comerica Bank (the "Bank") has approved the extension of the maturity date of
the above referenced credit facility as evidenced by that certain
note/agreement, dated May 07, 2004 (as such may be amended, restated, modified,
supplemented or revised from time to time, the "Agreement") from May 14, 2006 to
June 14, 2006. Upon your execution of a counterpart of this letter, the maturity
date shall be so amended.
The Agreement, as modified and amended hereby, shall be and remain in full force
and effect in accordance with its respective terms and hereby is ratified and
confirmed in all respects. Except as expressly set forth herein, the execution,
delivery, and performance of this modification and amendment shall not operate
as a waiver of, or as an amendment of, any right, power, or remedy of Bank under
the Agreement, as in effect prior to the date hereof. Borrower ratifies and
reaffirms the continuing effectiveness of all promissory notes, guaranties,
security agreements, mortgages, deeds of trust, environmental agreements, and
all other instruments, documents and agreements entered into in connection with
the Agreement.
By execution of a counterpart of this letter, Xxxxxxxx further represents and
warrants that the representations and warranties contained in the Agreement are
true and correct as of the date hereof, and that no event of default has
occurred and is continuing under the Agreement or any other document, instrument
or agreement entered into in connection therewith.
Sincerely,
Comerica Bank
By: /s/ Xxxxxxxx Xxxx
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Xxxxxxxx Xxxx
Vice President
Acknowledged and accepted on 5/11/06.
LIBERTY PREMIUM FINANCE
By: /s/ Xxxxxxx Xxxxxx By: /s/ Xxxxx Xxxxxx
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Xxxxxxx Xxxxxx Xxxxx Xxxxxx
President Vice President
