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Promissory Note from Sunair Electronics, Inc. ("Borrower") to Wachovia Bank, National Association ("Wachovia") dated June 7, 2005, including any amendments (the "Note")
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Wachovia Bank,
National Association
Sunair Services
Corporation
595 S. Federal Highway, Suite 500
Boca Raton, FL 33432
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RE:
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Promissory Note from Sunair
Electronics, Inc. (“Borrower”) to Wachovia Bank,
National Association (“Wachovia”) dated June 7,
2005, including any amendments (the “Note”)
Obligor # 8697045807 Obligation # 42
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Wachovia and
Borrower agree to extend the maturity of the Note on the terms and
conditions set forth in this letter agreement.
Extension . Borrower acknowledges that the Note will
mature on January 2, 2010. Borrower and Wachovia agree that
the maturity of the Note shall be extended, on the terms and
conditions as set forth in the Credit Agreement as amended, to
April 2, 2010, at which time the outstanding principal balance,
accrued interest and all other amounts under the Note shall become
due and payable. All periodic payments required under the Note
shall be made during this extension period.
Fee .
Borrower shall pay to Wachovia a fee of $10,000.00 for extending
the maturity date of the Note to
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