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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"), and Third Amendment To Credit Agreement by and among Sunair Services Corporation (f/k/a Sunair Electronics, Inc.) ("Borrower
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Wachovia Bank,
National Association
Sunair Services
Corporation
1350 E. Newport Center Drive, Suite 201
Deerfield Beach, FL 33442
Attn: Jack I.
Ruff
Chief
Executive Officer
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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”), and Third
Amendment To Credit Agreement by and among Sunair Services
Corporation (f/k/a Sunair Electronics, Inc.)
(“Borrower”) and Wachovia Bank, National Association
(“Wachovia”) dated January 22, 2009
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 April 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 July 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.
Revolving
Commitment. Borrower
acknowledges the Revolving Commitment Amount as set forth in the
Third Amendment to Credit Agreement is $6,750,000.00.
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