Amendment to Master Loan and Security Agreement No. 4180 between People's Capital and Leasing Corp. and Ranor, Inc.

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Summary

People's Capital and Leasing Corp. and Ranor, Inc. have agreed to amend their existing Master Loan and Security Agreement dated March 31, 2016. The amendment changes the definition of "Permitted Liens" to include liens held by both the Lender and Commerce Bank & Trust Company. All other terms of the original agreement remain unchanged and in effect, and the Borrower confirms its obligations under the agreement.

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EX-10.2 3 ex10-2.htm EXHIBIT 10.2
 
 
Exhibit 10.2
 

AMENDMENT TO MASTER LOAN AND SECURITY AGREEMENT NO. 4180 DATED MARCH 31, 2016

Borrower and Lender agree to amend the foregoing Agreement as follows:
 
The last sentence of Section 6 of the Agreement is deleted and replaced with:

"Permitted Liens" means liens held by Lender and Commerce Bank & Trust Company.
 

Except as set forth above, the Agreement remains unmodified and in full force and effect, Borrower's obligations thereunder are hereby ratified and confirmed.


LENDER:
PEOPLE'S CAPITAL AND LEASING CORP.
 /s/ Melissa A. Curtis 
BY: Melissa A. Curtis
TITLE: Vice President

BORROWER:
RANOR, INC.
 /s/ Tom Sammons 
BY: Tom Sammons
TITLE: CFO