Exhibit 10.58
FIRST AMENDMENT TO
SCHEDULE TO
LOAN AND SECURITY AGREEMENT
This FIRST AMENDMENT TO SCHEDULE TO LOAN AND SECURITY AGREEMENT
(this "Agreement") is entered into as of the 30th day of March 2001, by and
between XXXXXXXXX & XXXXX GUARANTY FINANCE, LLC, a California limited
liability company (the "Secured Lender"), and Interactive Telesis Inc. (the
"Borrower "), a Delaware corporation.
Investor and Borrower are the parties to that certain SCHEDULE TO
LOAN AND SECURITY AGREEMENT ("SCHEDULE"), an integral part of the Loan and
Security Agreement, entered into as of the 21st day of November 2000. The
Schedule is amended, as follows:
1. Section 3.3 shall be struck in its entirety and the following inserted
therefor:
SECTION 3.3 "CONVERSION PRICE" As used herein shall mean $0.75, the price at
which unpaid accrued interest and outstanding principal pursuant to the
Conversion Option may be converted into shares of the Borrower's Series A
Convertible Preferred Stock, subject to adjustment pursuant to Section 4.2
hereof.
IN WITNESS WHEREOF, the parties have caused the Agreement to be executed
by their respective duly authorized officers as of the date set forth above.
SECURED LENDER:
XXXXXXXXX & XXXXX GUARANTY FINANCE, LLC INTERACTIVE TELESIS INC.
By: /s/ Xxxxxx X. Xxxxxxxx By:
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Printed Name: XXXXXX X. XXXXXXXX Printed Name:
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Title: CHIEF EXECUTIVE OFFICER Title:
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