JOHN D. OIL & GAS CO
EX-10.1
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>l24954aexv10w1.htm
<DESCRIPTION>EX-10.1
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CHARTER ONE BANK, N.A.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CONTROL SHEET FOR MODIFICATION/EXTENSION AGREEMENT</B>

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BANK INFORMATION</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="50%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Name of Loan Officer:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Robert Dracon</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Address of Bank</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1215 Superior Avenue</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cleveland, Ohio</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">44114</TD>
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<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ohio</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Name of Person</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Preparing Documents:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Elaine Brogowicz</TD>
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</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>OBLIGOR/GUARANTOR INFORMATION</B>
</DIV>

<DIV align="center">
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><u>Type of Entity: </u></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Richard M Osborne
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">individual</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8500 Station Street, Suite&nbsp;113</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mentor, Ohio 44060</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John D. Oil &#038; Gas Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">corporation</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">8500 Station Street, Suite&nbsp;345</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mentor, Ohio 44060</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>WARNINGS!!!</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>YOU SHOULD ALWAYS CONSULT WITH LEGAL COUNSEL TO ENSURE THAT THE BANK&#146;S SECURITY INTEREST IN
ALL COLLATERAL (INCLUDING REAL ESTATE) WILL CONTINUE TO BE PERFECTED, AND THAT THE PRIORITY OF THE
BANK&#146;S SECURITY INTEREST WILL BE</B>
</DIV>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>PRESERVED, AS A RESULT OF ENTERING INTO THIS MODIFICATION
AGREEMENT.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>DOCUMENTER DOES NOT CURRENTLY PRODUCE ANY SCHEDULES OR EXHIBITS TO THIS AGREEMENT. IF A SCHEDULE
OR EXHIBIT IS REQUIRED, YOU MUST PREPARE IT SEPARATELY.</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONTROL DATA</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="46%">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Security Agreement Test Variable for Obligor 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is no security agreement.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Security Agreement Test Variable for Obligor 2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is no security agreement.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Modification or Extension Agreement Test Variable for Note 1</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modification</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Modification or Extension Agreement Test Variable for Note 2</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modification</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="white-space: nowrap">Modification or Extension Agreement Test Variable for Note 3</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Modification</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank Predecessor Test Variable Note 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Predecessors</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Loan Agreement Test Variable Obligor 1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is a Loan Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Loan Agreement Test Variable Obligor 2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">There is no Loan Agreement</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Note 1 Limit Change Test Variable
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Increase Availability Limit</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank Predecessor Test Variable Note 2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Predecessors</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bank Predecessor Test Variable Note 3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Predecessors</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date of Extension/Modification Agreements:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definite Date</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Interest Rate Index:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LIBOR</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Note 1 Revolving Demand Expiration Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not Applicable-Term Loan</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Note 1 Revolving Demand or Term
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Revolving Term</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exclude Notary Acknowledgment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="l24954al2495401.gif" alt="(CHARTER ONE LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>MODIFICATION AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This MODIFICATION AGREEMENT entered into at Cleveland, Ohio, effective as of <B>February&nbsp;20,
2007</B>, between and among Richard M Osborne, an individual, with an address of 8500 Station Street,
Suite&nbsp;113, Mentor, Ohio 44060 and John D. Oil &#038; Gas Company, a Maryland corporation, with an
address of 8500 Station Street, Suite&nbsp;345, Mentor, Ohio 44060 (the &#147;Borrowers&#148;) and Charter One
Bank, N.A., a national banking association with an address of 1215 Superior Avenue, Cleveland, Ohio
44114 (the &#147;Bank&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Bank established a revolving line of credit (the &#147;Revolving Loan&#148;) for Borrowers
which matures on <B>September&nbsp;28, 2007 </B>(the &#147;Maturity Date&#148;) respecting which Bank agreed to Lend to
Borrowers upon Borrowers&#146; request, but subject to the terms and conditions set forth in various
loan documents, of up to <B>Five Million Dollars and Zero Cents </B>(<B>$5,000,000.00</B>) (the &#147;Revolving Loan
Amount&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Revolving Loan is evidenced by that certain Revolving Term Note, dated <B>September
28, 2006 </B>(as previously amended, modified or supplemented, the &#147;Note&#148;), by the Borrowers in favor
of the Bank in the face amount of the Revolving Loan Amount;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, in connection with the Revolving Loan, Richard M Osborne and John D. Oil &#038; Gas
Company entered into that certain Loan Agreement, dated <B>September&nbsp;28, 2006 </B>(as previously amended,
modified or supplemented, the &#147;Richard M Osborne Loan Agreement&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Richard M Osborne Loan Agreement, the Note, and all other documents and
instruments executed in connection with or relating to the Loan are referred to herein,
collectively, as the &#147;Loan Documents&#148;; and all collateral granted to the Bank to secure the Loan is
referred to herein, collectively, as the &#147;Collateral&#148;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Borrowers have requested and the Bank has agreed to increase the amount of
availability under the Loan Documents;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Bank has requested and John D. Oil &#038; Gas Company has agreed to grant the Bank a
first priority security interest in and lien on the personal property described in the Loan
Documents (the &#147;Personalty&#148;);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Borrowers and the Bank have agreed to modify the Loan and the Loan Documents in
accordance with the terms of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Bank and the Borrowers mutually agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>1. MODIFICATION</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.1 <U>Recitals and Representations Accurate</U>. The above recitals are hereby made a part
of this Agreement and the Borrowers acknowledge and agree that each of the recitals is true and
correct.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.2 <U>Ratification</U>. All of the terms, covenants, provisions, representations, warranties,
and conditions of the Loan Documents, as amended or modified hereby, are ratified, acknowledged,
confirmed, and continued in full force and effect as if fully restated herein.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.3 <U>Increased Availability</U>. Availability under the Loan Documents shall be increased from
<B>Five Million Dollars and Zero Cents </B>(<B>$5,000,000.00</B>) to <B>Seven Million Five Hundred Thousand Dollars
and Zero Cents </B>(<B>$7,500,000.00</B>) (the &#147;Revised Borrowing Limit&#148;) for 90&nbsp;days from the date of this
Modification Agreement at which time the face amount will revert back to <B>Five Million Dollars and
Zero Cents </B>(<B>$5,000,000.00</B>) and all references to availability in the Loan Documents shall be
modified accordingly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.4 <U>Interest Rate</U>. The Borrowers and the Bank agree that notwithstanding anything to the
contrary in the Note, the outstanding principal balance of the Note, shall continue to bear
interest at a per annum rate equal to <B>One and Three-Quarters Percent </B>(<B>1.75</B>%) above LIBOR (as
hereinafter defined).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.5 <U>Index</U>. LIBOR means relative to any Interest Period, the offered rate for delivery in
two London Banking Days (as hereinafter defined) of deposits of U.S. Dollars which the British
Bankers&#146; Association fixes as its LIBOR rate as of 11:00&nbsp;a.m. London time on the day on which the
Interest Period commences, and for a period approximately equal to such Interest Period. If the
first day of any Interest Period is not a day which is both a (i)&nbsp;Business Day (as hereinafter
defined), and (ii)&nbsp;a day on which US dollar deposits are transacted in the London interbank market
(a &#147;London Banking Day&#148;), the LIBOR Rate shall be determined in reference to the next preceding day
which is both a Business Day and a London Banking Day. If for any reason the LIBOR Rate is
unavailable and/or the Bank is unable to determine the LIBOR Rate for any Interest Period, the
LIBOR Rate shall be deemed to be equal to the Bank&#146;s Prime rate. &#147;Business Day&#148; means any day
which is neither a Saturday of Sunday nor a legal holiday on which commercial banks are authorized
or required to be closed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.6 <U>Additional Collateral</U>. To induce the Bank to make or continue to make loans, advances,
or grant other financial accommodations to the Borrower, in consideration thereof and for loans,
advances or financial accommodations heretofore or hereafter granted by the Bank to or for the
account of the Borrower, John D. Oil &#038; Gas Company desires to grant the Bank a first priority
security interest in the personal property described in the Loan Documents securing absolutely
and unconditionally the full and punctual payment to the Bank of all sums which may be presently
due and owing and of all sums which shall in the future become due and owing to the Bank from John
D. Oil &#038; Gas Company and Richard M. Osborne, whether direct or indirect, whether as a borrower,
guarantor, surety or otherwise, including, without limitation, interest, attorneys&#146; fees and other
amounts accruing after the filing of a petition in bankruptcy by or against Borrower,
notwithstanding the discharge of Borrower from such obligations, together with all costs and
expenses incurred by the Bank in connection with such obligations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.7 <U> Representations and Warranties</U>. The Borrowers hereby represents and warrants to the
Bank that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The person executing this Agreement is duly authorized to do so and to bind the
Borrowers to the terms hereof;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the Loan Documents is a valid and legal binding obligation of the Borrowers,
enforceable in accordance with its terms, and is not subject to any defenses,
counterclaims, or offsets of any kind;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All financial statements delivered to the Bank were true, accurate and complete, in all
material respects, as of the date of delivery to the Bank;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Since the date of the Loan Documents there has been no material adverse change in the
condition, financial or otherwise, of any of the Borrowers, except as disclosed to the Bank
in writing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(e)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There exists no action, suit, proceeding or investigation, at law or in equity, before
any court, board, administrative body or other entity, pending or threatened, affecting any
of the Borrowers or any of their property, wherein an unfavorable decision, ruling or
finding would</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>materially adversely affect the business operations, property or financial
condition of any of the Borrowers; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(f)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There exists no event of default, or other circumstance that with the passage of time
or giving of notice or both will become an event of default, under any of the Loan
Documents.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1.8 <U>Interest, Fees, Costs and Expenses</U>. The Borrowers shall, simultaneously with the
execution of this Agreement, pay to the Bank all accrued interest owing on the Loan as of the date
of this Agreement together with all fees, costs and expenses due and owing to the Bank by the
Borrowers under the Loan Documents.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>2. MISCELLANEOUS</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.1 <U>Set-Off</U>. Each Borrower hereby grants to the Bank a continuing lien and security
interest in any and all deposits or other sums at any time credited by or due from the Bank or any
Bank Affiliate (as hereinafter defined) to such Borrower and any cash, securities, instruments or
other property of such Borrower in the possession of the Bank or any Bank Affiliate, whether for
safekeeping or otherwise, or in transit to or from the Bank or any Bank Affiliate (regardless of
the reason the Bank or Bank Affiliate had received the same or whether the Bank or any Bank
Affiliate has conditionally released the same) as security for the full and punctual payment and
performance of all of the liabilities and obligations of such Borrower to the Bank or any Bank
Affiliate and such deposits and other sums may be applied or set off against such liabilities and
obligations of such Borrower to the Bank or any Bank Affiliate at any time, whether or not such are
then due, whether or not demand has been made and whether or not other collateral is then available
to the Bank or any Bank Affiliate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term &#147;Bank Affiliate&#148; as used in this Note shall mean any &#147;Affiliate&#148; of the Bank or any
lender acting as a participant under any loan arrangement between the Bank and any of the
Borrowers. The term &#147;Affiliate&#148; shall mean with respect to any person, (a)&nbsp;any person which,
directly or indirectly through one or more intermediaries controls, or is controlled by, or is
under common control with, such person, or (b)&nbsp;any person who is a director or officer (i)&nbsp;of such
person, (ii)&nbsp;of any subsidiary of such person, or (iii)&nbsp;any person described in clause (a)&nbsp;above.
For purposes of this definition, control of a person shall mean the power, direct or indirect, (x)
to vote 5% or more of the Capital Stock having ordinary voting power for the election of directors
(or comparable equivalent) of such person, or (y)&nbsp;to direct or cause the direction of the
management and policies of such person whether by contract or otherwise. Control may be by
ownership, contract, or otherwise.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.2 <U>Release of the Bank</U>. Each Borrower hereby confirms that as of the date hereof it has
no claim, set-off, counterclaim, defense, or other cause of action against the Bank including, but
not limited to, a defenses of usury, any claim or cause of action at common law, in equity,
statutory or otherwise, in contract or in tort, for fraud, malfeasance, misrepresentation,
financial loss, usury, deceptive trade practice, or any other loss, damage or liability of any
kind, including, without limitation, any claim to exemplary or punitive damages arising out of any
transaction between any Borrower and the Bank. To the extent that any such set-off, counterclaim,
defense, or other cause of action may exist or might hereafter arise based on facts known or
unknown that exist as of this date, such set-off, counterclaim, defense and other cause of action
is hereby expressly and knowingly waived and released by each Borrower. Each Borrower acknowledges
that this release is part of the consideration to the Bank for the financial and other
accommodations granted by the Bank in this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.3 <U>Costs and Expenses</U>. The Borrowers shall pay to the Bank on demand any and all costs
and expenses (including, without limitation, reasonable attorneys&#146; fees and disbursements, court
costs, litigation and other expenses) incurred or paid by the Bank in establishing, maintaining,
protecting or enforcing any of the Bank&#146;s rights or any of the obligations owing by any Borrower to
the Bank, including, without limitation, any and all such costs and expenses incurred or paid by
the Bank in defending the Bank&#146;s security interest in, title or right to, the Collateral or in
collecting or attempting to collect or enforcing or attempting to enforce payment of the Loan.
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.4 <U>Indemnification</U>. Each Borrower shall indemnify, defend and hold the Bank and the Bank
Affiliates and their directors, officers, employees, agents and attorneys (each an &#147;Indemnitee&#148;)
harmless against any claim brought or threatened against any Indemnitee by any Borrower or any
guarantor or endorser of the obligations of any Borrower to the Bank, or any other person (as well
as from attorneys&#146; fees and expenses in connection therewith) on account of the Bank&#146;s relationship
with any Borrower, or any guarantor or endorser of the obligations of any Borrower to the Bank
(each of which may be defended, compromised, settled or pursued by the Bank with counsel of the
Bank&#146;s election, but at the expense of the Borrowers), except for any claim arising out of the
gross negligence or willful misconduct of the Bank. The within indemnification shall survive
payment of the obligations of the Borrowers to the Bank, and/or any termination, release or
discharge executed by the Bank in favor of any Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.5 <U>Joint and Several</U>. Each Borrower shall be jointly and severally liable for payment
and/or performance of all obligations arising under this Agreement, and the term &#147;Borrower&#148; shall
include each as well as all of them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.6 <U>Severability</U>. If any provision of this Agreement or portion of such provision or the
application thereof to any person or circumstance shall to any extent be held invalid or
unenforceable, the remainder of this Agreement (or the remainder of such provision) and the
application thereof to other persons or circumstances shall not be affected thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.7 <U>Counterparts</U>. This Agreement may be executed in two or more counterparts, each of
which shall be an original, but all of which shall constitute but one agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.8 <U>Complete Agreement</U>. This Agreement and the other Loan Documents constitute the entire
agreement and understanding between and among the parties hereto relating to the subject matter
hereof, and supersedes all prior proposals, negotiations, agreements and understandings among the
parties hereto with respect to such subject matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.9 <U>Binding Effect of Agreement</U>. This Agreement shall be binding upon and inure to the
benefit of the respective heirs, executors, administrators, legal representatives, successors and
assigns of the parties hereto, and shall remain in full force and effect (and the Bank shall be
entitled to rely thereon) until released in writing by the Bank. The Bank may transfer and assign
this Agreement and deliver the Collateral to the assignee, who shall thereupon have all of the
rights of the Bank; and the Bank shall then be relieved and discharged of any responsibility or
liability with respect to this Agreement and the Collateral. Except as expressly provided herein
or in the other Loan Documents, nothing, expressed or implied, is intended to confer upon any
party, other than the parties hereto, any rights, remedies, obligations or liabilities under or by
reason of this Agreement or the other Loan Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.10 <U>Further Assurances</U>. Each Borrower will from time to time execute and deliver to the
Bank such documents, and take or cause to be taken, all such other further action, as the Bank may
request in order to effect and confirm or vest more securely in the Bank all rights contemplated by
this Agreement (including, without limitation, to correct clerical errors) or to vest more fully in
or assure to the Bank the security interest in the Collateral or to comply with applicable statute
or law and to facilitate the collection of the Collateral (including, without limitation, the
execution of stock transfer orders and stock powers, endorsement of promissory notes and
instruments and notifications to obligors on the Collateral). To the extent permitted by
applicable law, each Borrower authorizes the Bank to file financing statements, continuation
statements or amendments without any such Borrower&#146;s signature appearing thereon, and any such
financing statements, continuation statements or amendments may be signed by the Bank on behalf of
such Borrower, if necessary, and may be filed at any time in any jurisdiction. The Bank may at any
time and from time to time file financing statements, continuation statements and amendments
thereto which contain any information required by the Ohio Uniform Commercial Code, Ohio Revised
Code Chapter&nbsp;1309 as amended from time to time (the &#147;Code&#148;) for the sufficiency or filing office
acceptance of any financing statement, continuation statement or amendment, including whether any
such Borrower is an organization, the type of organization and any organization identification
number issued to such Borrower. Each Borrower agrees to furnish any such information to the Bank
promptly
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">upon request. In addition, each Borrower shall at any time and from time to time take
such steps as the Bank may reasonably request for the Bank (i)&nbsp;to obtain an acknowledgment, in form
and substance satisfactory to the Bank, of any bailee having possession of any of the Collateral
that the bailee holds such Collateral for the Bank, (ii)&nbsp;to obtain &#147;control&#148; (as defined in the
Code) of any Collateral comprised of deposit accounts, electronic chattel paper, letter of credit
rights or investment property, with any agreements establishing control to be in form and substance
satisfactory to Bank, and (iii)&nbsp;otherwise to insure the continued perfection and priority of the
Bank&#146;s security interest in any of the Collateral and the preservation of its rights therein. Each
Borrower hereby constitutes the Bank its attorney-in-fact to execute, if necessary, and file all
filings required or so requested for the foregoing purposes, all acts of such attorney being hereby
ratified and confirmed; and such power, being coupled with an interest, shall be irrevocable until
this Agreement terminates in accordance with its terms, all obligations of the Borrowers to the
Bank are irrevocably paid in full and the Collateral is released.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.11 <U>Amendments and Waivers</U>. This Agreement may be amended and any Borrower may take any
action herein prohibited, or omit to perform any act herein required to be performed by it, if such
Borrower shall obtain the Bank&#146;s prior written consent to each such amendment, action or omission
to act. No delay or omission on the part of the Bank in exercising any right hereunder shall
operate as a waiver of such right or any other right and waiver on any one or more occasions shall
not be construed as a bar to or waiver of any right or remedy of the Bank on any future occasion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.12 <U>Terms of Agreement</U>. This Agreement shall continue in force and effect so long as any
obligation of any Borrower to Bank shall be outstanding and is supplementary to each and every
other agreement between any Borrower and Bank and shall not be so construed as to limit or
otherwise derogate from any of the rights or remedies of Bank or any of the liabilities,
obligations or undertakings of any Borrower under any such agreement, nor shall any contemporaneous
or subsequent agreement between any Borrower and the Bank be construed to limit or otherwise
derogate from any of the rights or remedies of Bank or any of the liabilities, obligations or
undertakings of any Borrower hereunder, unless such other agreement specifically refers to this
Agreement and expressly so provides.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.13 <U>Notices</U>. Any notices under or pursuant to this Agreement shall be deemed duly
received and effective if delivered in hand to any officer of agent of any of the Borrowers or
Bank, or if mailed by registered or certified mail, return receipt requested, addressed to any of
the Borrowers or Bank at the address set forth in this Agreement or as any party may from time to
time designate by written notice to the other party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.14 <U>Ohio Law</U>. This Agreement has been executed or completed and is to be performed in
Ohio, and it and all transactions thereunder or pursuant thereto shall be governed as to
interpretation, validity, effect, rights, duties and remedies of the parties thereunder and in all
other respects by the laws of Ohio.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.15 <U>Reproductions</U>. This Agreement and all documents which have been or may be hereinafter
furnished by Borrowers to the Bank may be reproduced by the Bank by any photographic, photostatic,
microfilm, xerographic or similar process, and any such reproduction shall be admissible in
evidence as the original itself in any judicial or administrative proceeding (whether or not the
original is in existence and whether or not such reproduction was made in the regular course of
business).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.16 <U>Venue</U>. Each Borrower irrevocably submits to the nonexclusive jurisdiction of any
Federal or state court sitting in Ohio, over any suit, action or proceeding arising out of or
relating to this Agreement. Each Borrower irrevocably waives to the fullest extent it may
effectively do so under applicable law, any objection it may now or hereafter have to the laying of
the venue of any such suit, action or proceeding brought in any such court and any claim that the
same has been brought in an inconvenient forum. Each Borrower irrevocably appoints the Secretary
of State of the State of Ohio as their authorized agent to accept and acknowledge on its behalf any
and all process which may be served in any such suit, action or proceeding, consents to such
process being served (i)&nbsp;by mailing a copy thereof by registered or certified mail, postage
prepaid, return receipt requested, to such Borrower&#146;s address shown above or as
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">notified to the
Bank and (ii)&nbsp;by serving the same upon such agent, and agrees that such service shall in every
respect be deemed effective service upon such Borrower.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.17 <U><B>JURY WAIVER</B></U><B>. EACH BORROWER AND BANK EACH HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY, AND AFTER AN OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL, WAIVE (A)&nbsp;ANY AND ALL RIGHTS
TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN CONNECTION WITH THIS AGREEMENT, THE OBLIGATIONS,
ALL MATTERS CONTEMPLATED HEREBY AND DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND (B)&nbsp;AGREE NOT TO
SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CAN NOT BE, OR HAS
NOT BEEN WAIVED. EACH BORROWER CERTIFIES THAT NEITHER THE BANK NOR ANY OF ITS REPRESENTATIVES,
AGENTS OR COUNSEL HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE BANK WOULD NOT IN THE EVENT OF
ANY SUCH PROCEEDING SEEK TO ENFORCE THIS WAIVER OF RIGHT TO TRIAL BY JURY.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2.18 <U>Warrant of Attorney</U>. Each of the undersigned authorizes any attorney at law to appear
in any Court of Record in the State of Ohio or in any other state or territory of the United States
after the above indebtedness becomes due, whether by acceleration or otherwise, to waive the
issuing and service of process, and to confess judgment against any one or more of the undersigned
in favor of the Bank for the amount then appearing due together with costs of suit, and thereupon
to waive all error and all rights of appeal and stays of execution. No such judgment or judgments
against less than all of the undersigned shall be a bar to a subsequent judgment or judgments
against any one or more of the undersigned against whom judgment has not been obtained hereon; this
being a joint and several warrant of attorney to confess judgment. The attorney at law authorized
hereby to appear for the undersigned may be an attorney at law representing the Bank, and the
undersigned hereby expressly waive any conflict of interest that may exist by virtue of such
representation. The undersigned also agree that the attorney acting for the undersigned as set
forth in this Section may be compensated by the Bank for such services.
</DIV>

<P>
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>WARNING&#151;BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO
NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE
POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE
AGREEMENT, OR ANY OTHER CAUSE.</B>
</DIV>
</DIV>



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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>/s/&nbsp;Richard M. Osborne</TD>
<TD>&nbsp;</TD>
</TR>



<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Richard M. Osborne, individually
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P>
<DIV style="width: 100%; border: 1px solid black; padding: 11px;">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>WARNING&#151;BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO
NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE
POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE
CREDITOR WHETHER FOR RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE
AGREEMENT, OR ANY OTHER CAUSE.</B>
</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" valign="top" align="left">John D. Oil &#038; Gas Company</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/&nbsp;Richard M. Osborne</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Richard M. Osborne, CEO
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/&nbsp;Greg Osborne</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Greg Osborne, President
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/&nbsp;C. Jean Mihitsch</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
C. Jean Mihitsch, CFO
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Accepted: Charter One Bank, N.A.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/&nbsp;Robert Dracon</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert Dracon
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left :50%">&#169; 2007
Medici, a division of Wolters Kluwer Financial Services</DIV>

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</DIV>

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