LOAN EXTENSION AGREEMENTLoan Extension Agreement • February 4th, 2011 • Western Capital Resources, Inc. • Personal credit institutions • Nebraska
This Loan Extension Agreement (this “Agreement”) is entered into as of January 26, 2011, by and between Wyoming Financial Lenders, Inc., a Wyoming corporation (“WFL”), and WERCS, a Wyoming corporation (“WERCS”), and, with respect to the provisions of Sections 5 and 6 below, Western Capital Resources, Inc., a Minnesota corporation (“Guarantor”). The parties have entered into this Agreement to extend the maturity date of the loan made by WERCS to WFL pursuant to that certain Business Loan Agreement by and between the parties dated as of April 1, 2010 (the “Loan Agreement”) and an accompanying Promissory Note of WFL in the principal amount of $2,000,000 dated as of April 1, 2010 (the “Promissory Note”). Capitalized terms used but not defined in this Agreement shall have the meanings set forth in the Loan Agreement.
