EX-10.2
from 8-K
1 page
Release of Guarantor Kojaian Holdings LLC ("Kojaian"), a Guarantor Under That Certain Guaranty Dated as of May 27, 1999 Executed by Kojaian, Asc Holdings LLC, Api/Jpe, Inc. and Sac Corporation ("Guaranty") Guarantying All Indebtedness of Jpe, Inc., Brake, Axle and Tandem Company Canada, Inc., Dayton Parts, Inc., Jpe Finishing, Inc., Plastic Trim, Inc. and Starboard Industries, Inc. to Comerica Bank Is Hereby Released From Its Obligations and Liabilities Under the Guaranty. All Capitalized Terms Used but Not Defined Herein Shall Have the Meanings Given to Them in the Guaranty. Dated: December 30, 1999 Comerica Bank By: /S/ Richard S. Arceci Richard S. Arceci Its: Vice President Acknowledged by and Agreed to This 30 Day of December, 1999: Asc Holdings LLC By: /S/ David L. Treadwell David L. Treadwell Its: President and Chief Executive Officer Api/Jpe, Inc. By:/S/ David L. Treadwell David L. Treadwell Its: Chairman Sac Corporation By: /S/ David L. Treadwell David L. Treadwell Its: Chairman
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