Loan Extension Letter Agreement between Comerica Bank and Orange 21, Inc. dated March 27, 2006
Comerica Bank has agreed to extend the maturity date of a credit facility for Orange 21, Inc. from April 5, 2006 to July 5, 2006. All other terms and conditions of the original loan agreement, as previously amended, remain unchanged and in effect. The extension is confirmed by both parties through their signatures.
Exhibit 10.30
[COMERICA BANK LETTERHEAD]
March 27, 2006
| Re: | LOAN EXTENSION |
| Borrower Name: Orange 21, Inc |
| Customer Number/Obligor Number: 7433804894 |
| Loan Number/Note Number: 18/26/34/42/59 |
Dear Borrower:
Comerica Bank has approved an extension of the above-referenced credit facility to July 5, 2006 from its current maturity of April 5, 2006 as evidenced by that certain Note/Agreement dated October 5, 2001, as may be or have been modified from time to time.
Except as modified and extended hereby, the existing loan documentation as amended concerning your obligation remains in full force and effect.
Very truly yours,
/s/ TOMAS SCHMIDT
Tomas Schmidt
Vice President – Western Market
Acknowledged and accepted on March 30 , 2006
| By: | /s/ MICHAEL BROWER | By: | ||||||
| By: | By: | |||||||
