Prepared by MERRILL CORPORATION









EXHIBIT

10.2




 




LOAN




REVISION/EXTENSION




AGREEMENT




 




 








	

   


  	

   


  	

  BORROWER


  	

   


  
	

   


  	

   


  	

   


  	

   


  
	

  Comerica

  Bank-California


  	

   


  	

  Tab

  Products Co.


  	

   


  
	

   


  	

   


  	

   


  	

   


  
	

  (Herein

  called “Bank”)


  	

   


  	

  935

  Lakeview Parkway, Suite 195


  	

   


  
	

   


  	

   


  	

  Vernon

  Hills, IL  60061


  	

   


  
	

   


  	

   


  	

   


  	

   


  
	

   


  	

   


  	

  (Herein

  called “Borrower”)


  	

   


  










 




	

  ORIGINAL


  NOTE


  INFORMATION


  	

   


  	

  Interest

  Rate


  	

   


  	

  Amount


  	

   


  	

  Note Date


  	

   


  	

  Maturity

  Date


  	

   


  	

  Obligor #


  	

   


  	

  Note #


  	

   


  
	

   


  	

  B + 0.500%


  	

   


  	

  $5,000,000.00


  	

   


  	

  11/21/00


  	

   


  	

  10/31/01


  	

   


  	

  7657107024


  	

   


  	

  26


  	

   


  





 




This Agreement is effective as of:  October 31, 2001




 




ORIGINAL OBLIGATION:




 




                This

Loan Revision Agreement refers to the loan evidenced by the above Note dated  November 21, 2000  in favor of Bank executed by  Tab Products Co.  in the amount of  $5,000,000.00  payable in full on  October 31, 2001 . 

Said Note is secured by a Deed of Trust dated  N/A  (hereinafter referred to as the “Encumbrance”), recorded on  N/A  as Instrument No.  N/A  in the Office of County Recorder of  N/A  County California.




 




CURRENT OBLIGATION:




 




                The

unpaid principal balance of said Note as of  November 16, 2001  is

$0.00  on which interest is paid to  December 21, 2001 , with a maturity of  October 31, 2001 .  As modified by previous  N/A  dated  N/A .




 




REVISION:




 




                The

undersigned Borrower hereby requests Bank to revise the terms of said Note, and

said Bank to accept payment thereof at the time or times, in the following

manner:




 




The maturity date is hereby changed from

October 31, 2001 to October 31, 2002.




 




In consideration of Bank’s

acceptance of the revision of said Note, including the time for payment

thereof, all as set forth above, the Borrower does hereby acknowledge and admit

to such indebtedness, and further does unconditionally agree to pay such

indebtedness together with interest thereon within the time and in the manner

as revised in accordance with the foregoing, together with any and all

attorney’s fees, cost of collection, and any other sums secured by the

Encumbrance.











 




                Any

and all security for said Note including but not limited to the Encumbrance, if

any, may be enforced by Bank concurrently or independently of each other and in

such order as Bank may determine; and with reference to any such security in

addition to the Encumbrance Bank may, without consent of or notice to Borrower,

exchange, substitute or release such security without affecting the liability

of the Borrower, and Bank may release any one or more parties hereto or to the

above obligation or permit the liability of said party or parties to terminate

without affecting the liability of any other party or parties liable thereon.




 




                This

Agreement is a revision only, and not a novation; and except as herein

provided, all of the terms and conditions of said Note, said Encumbrance and

all related documents shall remain unchanged and in full force and effect.




 




                When

one or more Borrowers signs this Agreement, all agree:




 




a.     That where in this

Agreement the word “Borrower” appears, it shall read “each Borrower;




b.     That breach of any covenant

by any Borrower may at the Bank’s option be treated as breach by all Borrowers;




c.     That the liability and

obligations of each Borrower are joint and several.




 




	

  Dated this 16th

  day of November, 2001.


  	

   


  	

  Tab Products Co.


  
	

   


  	

   


  	

  /s/ Donald J. Hotz


  
	

   


  	

   


  	

  Vice President, Chief

  Financial Officer & Treasurer


  





 




The

foregoing agreement is accepted this




16th

day of November, 2001.




 




	

  By:


  	

  /s/ Nick Tsiagkas


  
	

   


  	

  Assistant Vice President


  





 




Each of the undersigned agree and consent to

the foregoing revisions to this Agreement and the Encumbrance, if any.