Bank One, NA Credit Facility Extension Letter to Lexington Precision Corporation (March 28, 2002)

Summary

Bank One, NA has agreed to extend four existing loan facilities to Lexington Precision Corporation until July 1, 2002. The loans, identified as Notes #67, #158, #174, and #190, will continue to be repaid through fixed monthly principal payments plus accrued interest. The letter outlines the outstanding balances and payment terms for each note. This extension is formalized in a letter addressed to the company's Chairman, Michael A. Lubin.

EX-10.185 11 l93049aex10-185.txt EXHIBIT 10-185 Exhibit 10-185 March 28, 2002 Mr. Michael A. Lubin Chairman of the Board Lexington Precision Corporation 767 Third Avenue New York, NY 10017 Dear Mr. Lubin: Please be advised that Bank One, NA has approved the extension of the following credit facilities until July 1, 2002: - - Note #67 with a current outstanding balance of $906,533.57. This loan will continue to amortize based on fixed principal payments of $8,333.33 plus accrued interest monthly. - - Note #158 with a current outstanding balance of $1,255,555.63. This loan will continue to amortize based on fixed principal payments of $11,111.11 plus accrued interest monthly. - - Note #174 with a current outstanding balance of $2,078,212.10. This loan will continue to amortize based on fixed principal payments of $16,759.78 plus accrued interest monthly. - - Note #190 with a current outstanding balance of $1,057,777.71. This loan will continue to amortize based on fixed principal payments of $8,888.89 plus accrued interest monthly. Should you have any questions regarding these amendments / extensions, please feel free to contact me at ###-###-####. Sincerely, /s/ Randy J. Abrams Randy J. Abrams Assistant Vice President