Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.27

AMENDMENT TO REVOLVING NOTE

THIS AMENDMENT (the “Amendment”), dated as of this 25th day of March, 2008 by and
between ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation, having an office at 700
Seventeenth Street, Suite 1200, Denver, Colorado 80202 (“Maker”) and GDBA INVESTMENTS, LLLP, a
Colorado limited liability limited partnership, having an office at 1440 Blake Street, Denver,
Colorado 80202 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Revolving Note dated March 30, 2007 (the
“Note”) to evidence Maker’s indebtedness to Holder in the principal amount of Three Million Dollars
($3,000,000.00); and

WHEREAS, Maker and Holder amended such Revolving Note (“Amendment No. 1”) on December 18, 2007
to waive a negative covenant which listed an “Event of Default” under the Note as a net loss under
GAAP of greater than $1,000,000 in any calendar quarter.

WHEREAS, Maker and Holder wish to clarify and define certain terms and provisions of the Note;

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Maturity Date. Notwithstanding any other provision in the Note, the maturity date
of this Note shall be June 30, 2008.

2. Representations and Warranties. Maker hereby represents and warrants, and Holder
hereby acknowledges and agrees, that (a) no default has occurred under the Note, (b) except as
provided herein, the Note has not been modified or amended, and (c) the execution and delivery of
this Agreement has been duly authorized by all necessary action of the parties hereto.

3. Drawing Provisions. Maker shall be required to make formal written draw requests
of Holder prior to any future funding under the Note. Such draw requests shall be subject to
Holder approval, which will not be unreasonably withheld. Such requests shall be in the same or
similar form as may be required by Maker’s Senior Lenders; provided, however, that Holder reserves
the right to require additional, commercially reasonable information prior to approving such draws.

	 	4.	 	Ratification. Except as modified by this Amendment, all of the terms
of the Note are ratified and reaffirmed and remain in full force and effect.

	 	5.	 	Binding Provisions. The terms and conditions of this Amendment shall
be binding upon and shall inure to the benefit of the parties hereto, their successors
and assigns.

 

 

 

	 	6.	 	Governing Law. The terms and conditions of this Amendment shall be
governed by the applicable laws of the State of Colorado.

IN WITNESS WHEREOF the parties hereto have each caused this Amendment to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 
	 	MAKER:

ACROSS AMERICA REAL ESTATE CORP.,

a Colorado corporation

 	 
	 	By:  	/s/          James W. Creamer III
 	 
	 	 	Name:  	James W. Creamer III 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	HOLDER:

GDBA INVESTMENTS, LLLP,

a Colorado limited liability limited partnership

 	 
	 	By:  	/s/ G. Brent Backman
 	 
	 	 	Name:  	G. Brent Backman 	 
	 	 	Title:  	Manager 	 
	 

 

2Filed by Bowne Pure Compliance

 

Exhibit 10.28

AMENDMENT TO SENIOR SUBORDINATED NOTE

THIS AMENDMENT (the “Amendment”), dated as of this 25th day of March, 2008 by and
between ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation, having an office at 700
Seventeenth Street, Suite 1200, Denver, Colorado 80202 (“Maker”) and BOCO INVESTMENTS, LLC, a
Colorado limited liability company, having an office at 103 West Mountain Ave., Fort Collins,
Colorado 80524 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Senior Subordinated Note dated September
28, 2006 (the “Note”) to evidence Maker’s indebtedness to Holder in the principal amount of Three
Million Five Hundred Thousand Dollars ($3,500,000.00); and

WHEREAS, Maker and Holder amended such Senior Subordinated Note (“Amendment No. 1”) on May 7,
2007 to further subordinate the Note to a credit facility to be extended to Maker by United Western
Bank and otherwise modify certain terms and provisions of the Note; and

WHEREAS, Maker and Holder amended such Senior Subordinated Note (“Amendment No. 2”) on August
10, 2007 to waive a negative covenant which listed an “Event of Default” under the Note as a net
loss under GAAP of greater than $1,000,000 in any calendar quarter.

WHEREAS, Maker and Holder amended such Senior Subordinated Note (“Amendment No. 3”) on October
25, 2007 to waive a negative covenant which listed an “Event of Default” under the Note as a net
loss under GAAP of greater than $1,000,000 in any calendar quarter.

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Definitions. The definition of the term “Senior Debt” appearing in Section 5,
entitled “Definitions,” of the Note is hereby amended in its entirety to read as follows:

“Senior Debt” means all indebtedness, obligations and other
liabilities of the Company to (i) Vectra Bank Colorado, national
association, pursuant to that certain First Amendment to Credit
Agreement dated August 3, 2006, as amended, (ii) United Western
Bank (“UWB”) pursuant to that certain Credit Agreement dated May 7,
2007 between UWB and Maker, as the same may be amended, modified,
restated or extended from time to time, (iii) BOCO Investments, LLC
under that certain Senior Subordinated Note dated October 25, 2007.

 

 

 

2. Subordination. The words “principal and” appearing in line ten of Section 2,
entitled “Subordination,” of the Note are hereby deleted.

3. Representations and Warranties. Maker hereby represents and warrants, and Holder
hereby acknowledges and agrees, that (a) no default has occurred under the Note, (b) except as
provided herein, the Note has not been modified or amended, and (c) the execution and delivery of
this Agreement has been duly authorized by all necessary action of the parties hereto.

4. Ratification. Except as modified by this Amendment, all of the terms of the Note
are ratified and reaffirmed and remain in full force and effect.

5. Inurement. The terms and conditions of this Amendment shall be binding upon and
shall inure to the benefit of the parties hereto, their successors and assigns.

6. Governing Law. The terms and conditions of this Amendment shall be governed by the
applicable laws of the State of Colorado.

IN WITNESS WHEREOF the parties hereto have each caused this Amendment to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 
	 	MAKER:

 

ACROSS AMERICA REAL ESTATE CORP.,

a Colorado corporation

 	 
	 	By:  	/s/                James W. Creamer III
 	 
	 	 	Name:  	James W. Creamer III 	 
	 	 	Title:  	Chief Financial Officer 	 

	 	 	 	 	 
	 	HOLDER:

 

BOCO INVESTMENTS, LLC,

a Colorado limited liability company

 	 
	 	By:  	/s/                 Joseph C. Zimlich
 	 
	 	 	Name:  	Joseph C. Zimlich 	 
	 	 	Title:  	Chief Executive OfficerFiled by Bowne Pure Compliance

 

Exhibit 10.29

AMENDMENT TO REVOLVING NOTE

THIS AMENDMENT (the “Amendment”), dated as of this 25th day of March, 2008 by and
between ACROSS AMERICA REAL ESTATE CORP., a Colorado corporation, having an office at 700
Seventeenth Street, Suite 1200, Denver, Colorado 80202 (“Maker”) and BOCO INVESTMENTS, LLC, a
Colorado limited liability company, having an office at 103 West Mountain Ave., Fort Collins,
Colorado 80524 (“Holder”).

WITNESSETH:

WHEREAS, Maker has executed and delivered to Holder a Revolving Note dated March 30, 2007 (the
“Note”) to evidence Maker’s indebtedness to Holder in the principal amount of Three Million Dollars
($3,000,000.00); and

WHEREAS, Maker and Holder amended such Revolving Note (“Amendment No. 1”) on December 18, 2007
to waive a negative covenant which listed an “Event of Default” under the Note as a net loss under
GAAP of greater than $1,000,000 in any calendar quarter.

WHEREAS, Maker and Holder wish to clarify and define certain terms and provisions of the Note;

NOW, THEREFORE, in consideration of the premises set forth herein above, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending
to be legally bound, the parties hereto do hereby mutually and expressly understand and agree as
follows:

1. Maturity Date. Notwithstanding any other provision in the Note, the maturity date
of this Note shall be June 30, 2008.

2. Representations and Warranties. Maker hereby represents and warrants, and Holder
hereby acknowledges and agrees, that (a) no default has occurred under the Note, (b) except as
provided herein, the Note has not been modified or amended, and (c) the execution and delivery of
this Agreement has been duly authorized by all necessary action of the parties hereto.

3. Drawing Provisions. Maker shall be required to make formal written draw requests
of Holder prior to any future funding under the Note. Such draw requests shall be subject to
Holder approval, which will not be unreasonably withheld. Such requests shall be in the same or
similar form as may be required by Maker’s Senior Lenders; provided, however, that Holder reserves
the right to require additional, commercially reasonable information prior to approving such draws.

	 	4.	 	Ratification. Except as modified by this Amendment, all of the terms
of the Note are ratified and reaffirmed and remain in full force and effect.

	 
	 	5.	 	Binding Provisions. The terms and conditions of this Amendment shall
be binding upon and shall inure to the benefit of the parties hereto, their successors
and assigns.

 

 

 

	 	6.	 	Governing Law. The terms and conditions of this Amendment shall be
governed by the applicable laws of the State of Colorado.

IN WITNESS WHEREOF the parties hereto have each caused this Amendment to be executed by their
respective duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 
	 	MAKER:

ACROSS AMERICA REAL ESTATE CORP.,

a Colorado corporation

 	 
	 	By:  	/s/          James W. Creamer III
 	 
	 	 	Name:  	James W. Creamer III 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	HOLDER:

BOCO INVESTMENTS, LLC,

a Colorado limited liability company

 	 
	 	By:  	/s/                 Joseph C. Zimlich
 	 
	 	 	Name:  	Joseph C. Zimlich 	 
	 	 	Title:  	Chief Executive Officer 	 
	 

 

2

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