EXHIBIT 10.13
EXTENSION AGREEMENT
BORROWER: FUTURE MEDIA PRODUCTIONS, INC.
ADDRESS: 00000 XXXX XXXXX
XXXXXXXX, XXXXXXXXXX 00000
DATE: SEPTEMBER 4, 1998
This Extension Agreement is entered into between Greyrock Capital, a
Division of NationsCredit Commercial Corporation (formerly Greyrock Business
Credit) ("GBC"), whose address is 00000 Xxxxxxxx Xxxx., Xxxxx 000, Xxx Xxxxxxx,
XX 00000 and the borrower named above ("Borrower").
The Parties agree to amend the Loan and Security Agreement between them,
dated February 26, 1997 (the "Loan Agreement"), as follows. (This Amendment, the
Loan Agreement, any prior written amendments to said agreements signed by GBC
and the Borrower, and all other written documents and agreements between GBC and
the Borrower are referred to herein collectively as the "Loan Documents".
Capitalized terms used but not defined in this Amendment, shall have the
meanings set forth in the Loan Agreement.)
1. EXTENSION. The Maturity Date, "May 31, 1999", set forth in the Schedule
to the Loan Agreement, is hereby amended by replacing said date with the date
"May 31, 2000".
2. REPRESENTATIONS TRUE. Borrower represents and warrants to GBC that all
representations and warranties set forth in the Loan Agreement, as amended
hereby, are true and correct.
3. GENERAL PROVISIONS. This Amendment, the Loan Agreement, and the other
Loan Documents set forth in full all of the representations and agreements of
the parties with respect to the subject matter hereof and supersede all prior
discussions, representations, agreements and understandings between the parties
with respect to the subject hereof. Except as herein expressly amended, all of
the terms and provisions of the Loan Agreement and the other Loan Documents
shall continue in full force and effect and the same are hereby ratified and
confirmed.
Borrower: GBC:
FUTURE MEDIA PRODUCTIONS, INC. GREYROCK CAPITAL,
a Division of NationsCredit Commercial
Corporation
By /s/ [ILLEGIBLE]
----------------------------
President or Vice President
By /s/ [ILLEGIBLE]
--------------------------------
By /s/ [ILLEGIBLE] Title [ILLEGIBLE]
------------------------------- ------------------------------
Secretary or Ass't Secretary
CONSENT
The undersigned, guarantors, acknowledge that their consent to the
foregoing Agreement is not required, but the undersigned nevertheless do hereby
consent to the foregoing Agreement and to the documents and agreements referred
to therein and to all future modifications and amendments thereto, and any
termination thereof, and to any and all other present and future documents and
agreements between or among the foregoing parties. Nothing herein shall in any
way limit any of the terms or provisions of the Continuing Guarantees of the
undersigned, all of which are hereby ratified and affirmed. This Consent may be
executed in counterparts. The signatures of the undersigned shall be fully
effective even if other persons named below fail to sign this Consent.
/s/ XXXX XXXXXX
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Xxxx Xxxxxx Xxxx Xxxxxx
________________________________
Xxxxx Xxxxxxxx
