FIFTH AMENDMENT TO REVOLVING NOTE
Dayton, Ohio March 24 , 2000
On June 13, 1994, WHITEFORD FOODS VENTURE, L. P., a Texas limited
partnership (" Borrower"), executed and delivered a Revolving Note to PNC BANK,
NATIONAL ASSOCIATION (successor by merger to PNC Bank, Ohio, National
Association) (" Bank"), in the original principal amount of $1,100,000.00 (as
amended by the Amendment to Revolving Note dated March 31, 1995, by the Second
Amendment to Revolving Note dated July 1, 1995, by the Third Amendment to
Revolving Note dated as of July 1, 1998 and by the Fourth Amendment to Revolving
Note dated as of May 3, 1999, the "Note").
By this Fifth Amendment to Revolving Note, the first sentence of the second
full paragraph of the Note is deleted and replaced with the following: "The
outstanding principal balance of this Note will bear interest as provided in
Section 2. l-of the Credit Agreement."
Except as expressly modified hereby, all terms and conditions of the Note
remain in full force and effect.
Borrower hereby irrevocably authorizes any attorney-at-law, including an
attorney employed by or retained by Lender, to appear in any court of record in
or of the State of Ohio, or in any other state or territory of the United
States, at any time after the indebtedness evidenced by the Note becomes due,
whether by acceleration or otherwise, to waive the issuing and service of
process and to confess a judgment against Borrower in favor of Lender for the
amount of principal and interest and expenses then appearing due from Borrower
under the Note, together with costs of suit and thereupon to release all errors
and waive all right of appeal or stays of execution in any court of record.
Borrower hereby expressly acknowledges that an attorney-at-law employed or
retained by Lender may confess judgment against Borrower, and further expressly
consents to the payment of legal fees of such attorney-at-law by Lender.
WARNING--BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL.
IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR
PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU
REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED
GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY
OTHER CAUSE.
WHITEFORD FOODS VENTURE, L. P.,
a Texas limited partnership
By: G/W FOODS, INC., its general partner,
a Texas corporation .
By: /s/Albert D. Greenaway
--------------------------
Print Name: Albert D. Greenaway
Title: President
ACCEPTED:
PNC BANK, NATIONAL ASSOCIATION
By: /s/Timothy P. Kelly
- ---------------------
Print Name: Timothy P. Kelly
Title: Vice President
STATE OF Ohio )
) ss:
)
COUNTY OF Darke
The foregoing instrument was acknowledged before me this 28th day of March,
2000 by Albert D. Greenaway a duly authorized officer of G/W Foods, Inc., a
Texas corporation, on behalf of the corpora; ion as general partner of Whiteford
Foods Venture, L. P., a Texas limited partnership.
/s/Sharon K. Henry
------------------
Printed Name: Sharon K. Henry
Notary Public
My commission expires: Mav 4, 2000
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FIFTH AMENDMENT TO REVOLVING NOTE
Dayton, Ohio March 24, 2000
On June 13, 1994, WHITEFORD FOODS VENTURE, L. P., a Texas limited
partnership (" Borrower"), executed and delivered a Revolving Note to THE FIFTH
THIRD BANK OF WESTERN OHIO, an Ohio state banking corporation (" Bank"), in the
original principal amount of $1,100,000.00 (as amended by the Amendment to
Revolving Note dated March 31, 1995, by the Second Amendment to Revolving Note
dated July 1, 1995, by the Third Amendment to Revolving Note dated as of July 1,
1998 and by the Fourth Amendment to Revolving Note dated as of May 3, 1999, the
"Note").
By this Fifth Amendment to Revolving Note, the first sentence of the second
full paragraph of the Note is deleted and replaced with the following: "The
outstanding principal balance of this Note will bear interest as provided in
Section 2.1. of the Credit Agreement."
Except as expressly modified hereby, all terms and conditions of the Note
remain in full force and effect.
Borrower hereby irrevocably authorizes any attorney-at-law, including an
attorney employed by or retained by Lender, to appear in any court of record in
or of the State of Ohio, or in any other state or territory of the United
States, at any time after the indebtedness evidenced by the Note becomes due,
whether by acceleration or otherwise, to waive the issuing and service of
process and to confess a judgment against Borrower in favor of Lender for the
amount of principal and interest and expenses then appearing due from Borrower
under the Note, together with costs of suit and thereupon to release all errors
and waive all right of appeal or stays of execution in any court of record.
Borrower hereby expressly acknowledges that an attorney-at-law employed or
retained by Lender may confess judgment against Borrower, and further expressly
consents to the payment of legal fees of such attorney-at-law by Lender.
WARNING--BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL
IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINiT YOU WITHOUT YOUR
PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REG
ARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNJlD
GOODS. FAULTY GOODS. FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY
OTHER CAUSE.
WHITEFORD FOODS VENTURE, L. P.,
a Texas limited partnership
By: G/W FOODS, INC., its general partner,
a Texas corporation .
By: /s/Albert D. Greenaway
--------------------------
Print Name: Albert D. Greenaway
Title: President
ACCEPTED:
PNC BANK, NATIONAL ASSOCIATION
By: /s/Patty Hable
- ---------------------
Print Name: Patty Hable
Title: Vice President
STATE OF Ohio )
) ss:
)
COUNTY OF Darke
The foregoing instrument was acknowledged before me this 28th day of March,
2000 by Albert D. Greenaway a duly authorized officer of G/W Foods, Inc., a
Texas corporation, on behalf of the corpora; ion as general partner of Whiteford
Foods Venture, L. P., a Texas limited partnership.
/s/Sharon K. Henry
------------------
Printed Name: Sharon K. Henry
Notary Public
My commission expires: Mav 4, 2000
2