SIXTEENTH LOAN MODIFICATION AGREEMENTSixteenth Loan Modification Agreement • February 22nd, 2012 • Advanced Environmental Recycling Technologies Inc • Millwood, veneer, plywood, & structural wood members • Arkansas
THIS SIXTEENTH LOAN MODIFICATION AGREEMENT, executed and effective on the 15th day of February, 2012 (the “Agreement”), is made by and among LIBERTY BANK OF ARKANSAS, an Arkansas state chartered bank whose address is 4706 South Thompson, Suite 101, Springdale, Arkansas 72764, Attention: D. Scott Hancock, Executive Vice President (“Lender”); ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC., a Delaware corporation whose mailing address is Post Office Box 1237, Springdale, Arkansas 72765 (“Borrower”); MARJORIE S. BROOKS, an individual and resident of the State of Arkansas whose mailing address is P.O. Box 32, Springdale, Arkansas 72765 ( “MB”); STEPHEN W. BROOKS, an individual and resident of the State of Arkansas whose mailing address is Post Office Box 1237, Springdale, Arkansas 72765 (“SB”); JOE G. BROOKS, an individual and resident of the State of Arkansas whose mailing address is Post Office Box 1237, Springdale, Arkansas 72765 (“JB”); and MACRICH, LLC, an Arkansas limited liabili
This instrument prepared by and when recorded mail to: Jason N. Bramlett, Esq. Friday, Eldredge & Clark, LLPAdvanced Environmental Recycling Technologies Inc • February 22nd, 2012 • Millwood, veneer, plywood, & structural wood members
