# **EXHIBIT10.2**

 

**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:

 

                ThisLoan 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:

 

                Theunpaid 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:

 

                Theundersigned Borrower hereby requests Bank to revise the terms of said Note, andsaid Bank to accept payment thereof at the time or times, in the followingmanner:

 

The maturity date is hereby changed fromOctober 31, 2001 to October 31, 2002.

 

In consideration of Bank’sacceptance of the revision of said Note, including the time for paymentthereof, all as set forth above, the Borrower does hereby acknowledge and admitto such indebtedness, and further does unconditionally agree to pay suchindebtedness together with interest thereon within the time and in the manneras revised in accordance with the foregoing, together with any and allattorney’s fees, cost of collection, and any other sums secured by theEncumbrance.

 

                Anyand all security for said Note including but not limited to the Encumbrance, ifany, may be enforced by Bank concurrently or independently of each other and insuch order as Bank may determine; and with reference to any such security inaddition to the Encumbrance Bank may, without consent of or notice to Borrower,exchange, substitute or release such security without affecting the liabilityof the Borrower, and Bank may release any one or more parties hereto or to theabove obligation or permit the liability of said party or parties to terminatewithout affecting the liability of any other party or parties liable thereon.

 

                ThisAgreement is a revision only, and not a novation; and except as hereinprovided, all of the terms and conditions of said Note, said Encumbrance andall related documents shall remain unchanged and in full force and effect.

 

                Whenone or more Borrowers signs this Agreement, all agree:

 

a.     That where in thisAgreement the word “Borrower” appears, it shall read “each Borrower;

b.     That breach of any covenantby any Borrower may at the Bank’s option be treated as breach by all Borrowers;

c.     That the liability andobligations 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 |

 

Theforegoing agreement is accepted this

16thday of November, 2001.

 
| By:    | /s/ Nick Tsiagkas        |
|--------|--------------------------|
|   | Assistant Vice President |

 

Each of the undersigned agree and consent tothe foregoing revisions to this Agreement and the Encumbrance, if any.