Change in Terms Agreement Extending Due Date of Revolving Operating Note between Deere Credit, Inc. and FC Stone, L.L.C.
Deere Credit, Inc. and FC Stone, L.L.C. have agreed to extend the due date of a $7,000,000 revolving operating note originally dated November 21, 2002. The new due date is October 1, 2009, replacing the previous due date of December 1, 2006. All other terms and conditions of the original note remain unchanged. This agreement simply formalizes the extension of the repayment period for the existing loan.
EXHIBIT 10.31
[Letterhead of Deere Credit, Inc.]
Date: September 21, 2006
Robert V. Johnson
FC Stone, L.L.C.
2829 Westown Parkway
Suite 200
West Des Moines, IA 50266
Dear Bob,
| Reference: | Revolving Operating Note |
Note Account No: 809121003G1
Amount: $7,000,000
Note Dated: November 21, 2002, as amended
Original Due Date: December 1, 2005, unless extended
Current Due Date: December 1, 2006
Extended Due Date: October 1, 2009
The Note referenced above contains a provision that the Note may be may be renewed and the Due Date extended. Notice is hereby given that the Due Date of the referenced Note has been extended to October 1, 2009. All other terms and conditions remain unchanged.
Sincerely,
/s/ Bert
Bert Johnson
Agribusiness Portfolio Manager
