Exhibit
10.9


 


FOURTH
EXTENSION AND AMENDMENT OF MORTGAGE


 


THIS
AGREEMENT, made to be effective this 27th day of August, 2003 between Dorothy
E. Sadler, Jill D. Sadler, and Kurt T. Sadler, personal representatives of the
Estate of William S. Sadler, deceased (“Lender”) and Dotronix, Inc., a
Minnesota corporation, (“Borrower”). 
WITNESSETH, that whereas the said Lender, is the owner and holder of a
certain Secured Promissory Note in the original principal amount of $1,000,000.00
made by the Borrower, dated February 23, 2000 as amended by the first, second
and third extensions and amendments thereto, the second of which previously
increased such principal amount to One Million Five Hundred Thousand Dollars
($1,500,000) (the “Note”), payable to the order of Lender as successors to the
original Lender, William S. Sadler,  and
which Note is secured by a mortgage on real estate owned by Borrower, situated
in the County of Chippewa and the State of Wisconsin, and recorded in the
office of the Register of Deeds of said County, dated February 23, 2000, and
filed March 9, 2000, as Document No. 
605192 and amended by the first extension and amendment thereto  filed January 26, 2001 as Document No.
617200 (the “Mortgage”), and Fixture Filing Statement filed April 24, 2000 as
Document No.  00410145, and by the third
extension and amendment thereto dated on or about October 7, 2002 which
property is legally described as follows:


 


Lots 1, 2, 3, 4 and 5, Block 1, Chamber of Commerce Addition to the
City of Eau Claire, Chippewa County, Wisconsin


 


AND WHEREAS,
at the special instance and request of Borrower, as the present owner of said
real estate, the Lender has agreed to extend the due date of the Note to
November 30, 2003 pursuant to that certain Fourth Extension and Amendment of
Secured Promissory Note of even date herewith given by the Borrower to the
Lender.


 


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NOW,
THEREFORE, said Borrower does hereby agree with the Lender as follows:


 


1.                                       The parties
acknowledge that William S. Sadler, the Lender described in the Mortgage died
on June 16, 2003 and that Dorothy E. Sadler, Jill D. Sadler and Kurt T. Sadler
have been appointed personal representatives of the Estate of William S.
Sadler.  The Borrower hereby
acknowledges and agrees that said personal representatives are the successors
to William S. Sadler, the Lender named in said Mortgage.


 


2.                                       The dollar
amount set forth in the second paragraph of the Mortgage is amended to read
“$1,000,000.00”.


 


3.                                       The dollar
amount set forth in the third paragraph following Granting Clause D in the
Mortgage is amended to read “$1,000,000.00”.


 


4.                                       The date set
forth in the third paragraph following Granting Clause D is amended to read
“November 30, 2003”.


 


5.                                       The maximum
principal indebtedness secured by this Mortgage has been amended to read
“$1,000,000.00”.


 


6                                          .Borrower
restates each and every agreement, representation and warranty contained in
said Mortgage as if made on the date hereof.


 


7.                                       Section 4.6
(Paragraph 2 ) is amended to read as follows name and address of Mortgagee:


 


Dorothy E. Sadler, Jill D. Sadler, and Kurt T. Sadler, personal
representatives of the Estate of William S. Sadler


1370 Ryan Avenue West, Roseville, MN 55113


 


IT IS HEREBY
FURTHER AGREED that all the stipulations, provisions, conditions and covenants
of said Note, as amended, and Mortgage are ratified and confirmed, and shall
remain in full force and effect, except as herein modified or otherwise
expressly agreed to by the parties, and nothing herein contained shall be


 


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construed to impair the
security or lien of the holder of said mortgage, nor to affect nor impair any
rights or powers which it may have under said Note and Mortgage for
nonfulfillment of this agreement.


 


IN TESTIMONY
WHEREOF, the parties hereto have caused these presents to be executed effective
the day and year first above written.


 


	
   

  	
   

  	
  LENDER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Dorothy E. Sadler

  	
   

  
	
   

  	
   

  	
  Dorothy E. Sadler,

  
	
   

  	
   

  	
  Personal Representative of the

  
	
   

  	
   

  	
  Estate of William S. Sadler

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jill D. Sadler

  	
   

  
	
   

  	
   

  	
  Jill D. Sadler,

  
	
   

  	
   

  	
  Personal Representative of the

  
	
   

  	
   

  	
  Estate of William S. Sadler

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Kurt T. Sadler

  	
   

  
	
   

  	
   

  	
  Kurt T. Sadler

  
	
   

  	
   

  	
  Personal Representative of the

  
	
   

  	
   

  	
  Estate of William S. Sadler

  



 


	
  STATE OF MINNESOTA

  	
  )

  
	
   

  	
  ) ss.

  
	
  COUNTY OF RAMSEY

  	
  )

  



 


The foregoing
was acknowledged before me this 25th day of September, 2003, by Dorothy E.
Sadler, Jill D. Sadler, and Kurt T. Sadler, Personal Representatives of the
Estate of William S. Sadler.


 


 


	
   

  	
  /s/ Robert A. Koch

  	
   

  
	
   

  	
  Notary Public

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BORROWER:

  
	
   

  	
   

  
	
   

  	
  Dotronix, Inc.

  
	
   

  	
   

  
	
   

  	
  By: /s/ Robert V. Kling

  	
   

  
	
   

  	
   

  
	
   

  	
  Its: Chief  Financial Officer

  
				



 


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  STATE OF MINNESOTA

  	
  )

  
	
   

  	
  ) ss.

  
	
  COUNTY OF RAMSEY

  	
  )

  



 


The foregoing
was acknowledged before me this  29th
day of  September, 2003, by Robert V.
Kling, the Chief Financial Officer of Dotronix, Inc., a corporation under the
laws of the State of Minnesota.


 


	
   

  	
  /s/ Sandra Pollack

  	
   

  
	
   

  	
  Notary Public

  	
   

  



 


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