Extension Agreement for Amended Promissory Note between O'Donnell & Masur, L.P. and Bestway, Inc.

Summary

O'Donnell & Masur, L.P. and Bestway, Inc. have agreed to extend the maturity date of a previously amended promissory note from November 1, 2003, to May 31, 2004. All other terms of the original note remain unchanged and in effect. This agreement ensures that Bestway, Inc. has additional time to fulfill its payment obligations under the note, unless the note is accelerated as specified in its terms.

EX-10.14 4 d02015exv10w14.txt EXTENSION AGREEMENT FOR AMENDED PROMISSORY NOTE EXHIBIT 10.14 EXTENSION AGREEMENT DECEMBER 13, 2002 Reference is made to that certain First Amendment and Restated Promissory Note dated August 19, 1999 (the "Note") between O'Donnell & Masur, L.P. (the "Payee") and Bestway, Inc. (the "Maker"). All capitalized terms used in the agreement shall have the meanings given such terms in the Note, unless otherwise defined herein. Pursuant to the Note, the current maturity is November 1, 2003. The Payee and the Maker desire to extend the Note maturity until May 31, 2004. Therefore, in consideration of the mutual reliance on the parties hereto, the Payee and the Maker agree that (1) the maturity of the Note is extended to May 31, 2004, unless sooner accelerated pursuant to the provisions of the Note and that (2) all terms and provisions of the Note shall remain in full force and effect and shall govern the rights and obligations of the Payee and the Maker. EXECUTED as December 13, 2002 O'DONNELL & MASUR, L.P. By: --------------------------------- James A. O'Donnell Partner BESTWAY, INC. By: --------------------------------- Beth A. Durrett Chief Financial Officer