Loan Extension Agreement between Comerica Bank and Orange 21, Inc. dated June 5, 2005
Comerica Bank and Orange 21, Inc. have agreed to extend the maturity date of an existing credit facility from June 5, 2005 to September 5, 2005. All other terms and conditions of the original loan agreement, as previously amended, remain unchanged and in effect. This extension is formally acknowledged and accepted by both parties as of June 5, 2005.
Exhibit 10.17
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| Comerica Bank |
| MC 4672 |
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| 701 B Street, Ste. 600 |
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| San Diego, CA 92101-5033 |
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| Middle Market |
June 5, 2005
Re: LOAN EXTENSION
Borrower Name: Orange 21, Inc
Customer Number/Obligor Number: 7433804894
Loan Number/Note Number: 18/34/42/59
Dear Borrower:
Comerica Bank has approved an extension of the above-referenced credit facility to September 5, 2005 from its current maturity of June 5, 2005 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/ Richmond Boyce |
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| Richmond Boyce | |
| Vice President – Western Division | |
| Acknowledged and accepted on June 5, 2005 | |||||
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| By: | /s/ Michael Brower |
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