1
Exhibit 10.1
ARTHUR C. BARTON
Vice President
Commercial Banking
- --------------------------------------------------------------------------------
PEOPLE'S BANK People's Bank
4 Broadway
Norwich, Connecticut 06360-5725
860.892.6226 Fax: 860.886.6588
August 25, 2000
Mr. Michael Vehlies
Gunther International, Ltd.
One Winnenden Road
Norwich, CT 06360
Re: Commercial Loan #4097724927 #18/26
Dear Mike:
People's Bank hereby provides the following modification to the note dated
October 23, 1999:
- Extend the maturity date from August 31, 2000 to November 30,
2000.
All other terms of the note shall continue to remain in full force and effect.
Nothing contained herein shall waive, prejudice, impair or otherwise adversely
affect any right, power or remedy of People's Bank under any of its loan
documents or create a course of dealing with respect thereto. This waiver is not
intended and shall not be construed as a waiver of such rights, remedies or
powers that People's Bank may have pursuant to any of its loan documents and all
such rights are expressly reserved.
Sincerely,
/s/ Arthur C. Barton
Arthur C. Barton
Vice President
Borrower: GUNTHER INTERNATIONAL, LTD.
By: /s/ Michael M. Vehlies
-------------------------
Its: Chief Financial Officer
-------------------------