EXHIBIT 10.1
![]() | Merrill Lynch Business Financial Services Inc. 222 North LaSalle Street 17th Floor Chicago, Illinois 60601
(312) 499-3116 (312) 499-3254 FAX thomas_hunt@ml.com
April 28, 2005 |
VIA: Overnight Mail and Facsimile (713) 673-1966
Ms. Holly Hubenak
Dynacq Healthcare, Inc.
10304 Interstate 10 East
Suite 369
Houston, TX 77029
RE:WORKING CAPITAL MANAGEMENT ACCOUNT (“WCMA”) NO. 58207L53
Dear Ms. Hubenak,
As you are aware, the above-numbered WCMA Line of Credit will expire on May 1, 2005. Consequently, as an accommodation to you, the WCMA Line of Credit has been extended to May 31, 2005.
As a part of the extension, MLBFS will charge a $1,000 extension fee. The fee shall be deemed fully earned by MLBFS upon Customer’s acceptance hereof, and shall not be refundable under any circumstances. Customer hereby authorizes and directs MLBFS to charge to and pay out of its WCMA Account No. 58207L53 such $1,000.00 fee.
Please return this original signed document to my attention at the address above at your earliest convenience. Should you have any questions in this matter, or if there is any other way I can be of assistance, please feel free to contact me at (312) 499-3116.
Sincerely, |
/s/ Thomas Hunt |
Thomas Hunt |
Senior Credit Manager |
Acknowledged and Agreed:
Dynacq Healthcare, Inc
By: | /s/ Alan Beauchamp | |
Printed Name: Alan Beauchamp | ||
Title: | Executive Vice President and | |
Chief Operating Officer |