Attached files
| file | filename |
|---|---|
| 8-K - EMBASSY BANCORP, INC 8K 12-22-2009 - Embassy Bancorp, Inc. | form8k.htm |
| EX-10.5 - EXHIBIT 10.5 - Embassy Bancorp, Inc. | ex10_5.htm |
| EX-10.1 - EXHIBIT 10.1 - Embassy Bancorp, Inc. | ex10_1.htm |
| EX-10.3 - EXHIBIT 10.3 - Embassy Bancorp, Inc. | ex10_3.htm |
| EX-10.2 - EXHIBIT 10.2 - Embassy Bancorp, Inc. | ex10_2.htm |
| EX-10.6 - EXHIBIT 10.6 - Embassy Bancorp, Inc. | ex10_6.htm |
| EX-1.4 - EXHIBIT 10.4 - Embassy Bancorp, Inc. | ex10_4.htm |
Exhibit 10.7
FIRST ALLONGE TO
SUBORDINATED TERM NOTE
THIS
FIRST ALLONGE is made this 22nd day
of December, 2009, to be part of and attached to the subordinated term note of
the undersigned, Embassy Bancorp, Inc. (“the Maker”) to UNIVEST
NATIONAL BANK AND TRUST CO. (the “Payee”) dated November 21, 2008, in the
original principal amount of $6,000,000 (as amended, from time to time, the
“Note”). The
Payee is the holder of the Note. As of the date of this Allonge, the
Note is subject to no defense, set-off, counterclaim or other claim of
avoidance.
For fair
and adequate consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereby agree
to amend and modify the Note as follows:
1. Maturity
Date. Notwithstanding anything contained in the Note to the contrary,
the entire unpaid principal of the Note and any accrued interest then unpaid
shall be due and payable on or before November 30, 2015.
2. Ratification. Except
as otherwise expressly set forth above, all terms and provisions of the Note
(including, without limitation, the warrant of attorney to confess judgment) are
ratified, confirmed, and restated as though set forth at length.
IN
WITNESS WHEREOF, and intending to be legally bound, the undersigned has executed
this First Allonge as of the date first above written.
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EMBASSY
BANCORP, INC.
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Witness:
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/s/ Judith A. Hunsicker
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/s/ David M. Lobach
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Accepted
the 22nd day
of December, 2009
UNIVEST
NATIONAL BANK AND TRUST CO.
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By:
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/s/ Philip C. Jackson
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|
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Name:
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Philip
C. Jackson
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Market
President
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