BB&T FLORIDA UNILATERAL LETTER RENEWAL
Exhibit 10-1
BB&T
FLORIDA UNILATERAL LETTER RENEWAL
July 16, 2010
| PINEAPPLE HOUSE OF BREVARD, INC |
| 1684 W. HIBISCUS BLVD. |
| MELBOURNE, FL 32901 |
| Re: | Account Number | 9660933163 | ||
| Note Number | 00002 |
Your loan with BB&T has matured/will mature on July 18, 2010. At this time, we are waiting for the following documentation and information in order to complete our decision to renew this credit facility:
| TITLE POLICY UPDATE |
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This note is maturing 07/18/2010 and in order to avoid it maturing while we are waiting for this documentation, BB&T will grant you an extension on the maturity on this credit facility for an additional 15 days. Your note will now be due and payable in full on August 2, 2010. All other terms and conditions of the note will remain unchanged. Please continue to make your regular monthly payments under the note. By making this extension, BB&T is not waiving any default and is not waiving, modifying or extending any other term or condition of the note or any other loan document. In order to maintain the nature of this note, please do not sign or return this letter to BB&T.
| Sincerely yours, |
| BRANCH BANKING AND TRUST COMPANY |
| /s/ Barry Forbes, SVP |
| Barry Forbes, SVP |
ACCOUNT#/NOTE#
9660933163 00002
1797FL (0706)
