Amendment to Demand Note Addendum between Robert S. Cubbin, Kathleen D. Cubbin, and Meadowbrook, Inc.

Contract Categories: Business Finance › Note Agreements
Summary

This amendment, effective November 12, 2004, updates a previous addendum to a demand note originally signed by Robert S. Cubbin and Kathleen D. Cubbin as borrowers and Meadowbrook, Inc. as lender. The amendment changes references in the note from a prior revolving credit agreement with Comerica Bank to a new credit agreement with Standard Federal Bank, National Association, dated November 12, 2004. All other terms of the original note and addendum remain unchanged.

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EX-10.38 10 k91388exv10w38.txt AMENDMENT TO DEMAND NOTE ADDENDUM EXHIBIT 10.38 AMENDMENT TO DEMAND NOTE ADDENDUM Southfield, Michigan Date: February 17, 2005 This Amendment to Addendum is effective as of November 12, 2004 and incorporated and made a part of the Demand Note (the "Note") by and among Robert S. Cubbin and Kathleen D. Cubbin ("Borrowers") and Meadowbrook, Inc. ("Lender") dated November 9, 1998 and modifies the Addendum to the Note dated March 1, 1999. All references to "Revolving Credit Agreement with Comerica Bank, dated July 24, 1998" shall be replaced by "Credit Agreement with Standard Federal Bank, National Association, dated November 12, 2004. WITNESSED: /s/ Michael G. Costello /s/ Robert S. Cubbin - --------------------------- ------------------------------ ROBERT S. CUBBIN /s/ Kathleen D. Cubbin - --------------------------- ------------------------------- KATHLEEN D. CUBBIN