Exhibit EX-10.34
10-QSB 03-31-97
Page 1 of 2
AMENDMENT TO
LOAN AGREEMENT
Amendment #2
February 14, 1997
The LOAN AGREEMENT dated October 1, 1996 (the "Agreement"), between Concord
Growth Corporation, a California Corporation, and Source Scientific, Inc.; Xxxxx
Instruments Corporation; and, Source Scientific Systems, Inc., (jointly and
severally as co-borrowers, may hereinafter be referred to individually, or
collectively as, "Borrower"), are hereby amended in the specific section(s) as
follows:
1.1(a) Loans. Notwithstanding the terms and conditions therein,
the Advance Rate shall be seventy percent (70%).
1.3 Accommodations. Borrower confirms that the Accommodation Note
dated October 1, 1996 is hereby terminated and
no further advances shall be made pursuant to
said Note.
2.2 Interest. Notwithstanding the terms and conditions con-
tained therein, the Interest Rate shall be
prime plus five percent (5%).
2.5 Monthly Minimum Fee. Notwithstanding the terms and conditions cont-
ained therein, the Monthly Minimum Fee shall be
two thousand five hundred dollars ($2,500), as of
2/1/97.
2.6. Early Termination Fee. In the event the Obligations are paid in full
prior to April 30, 1997 as agreed below, Len-
der shall waive the Early Termination Fee.
8.2. Effectiveness: Term Notwithstanding the terms and conditions contain-
ed therein, the Obligations shall be due and
payable no later than the end of the business day
on April 30, 1997.
The Amendment affects only the above listed Section(s) of the Agreement and all
other provisions of the Agreement shall remain unchanged and in force as written
or thereafter amended in writing.
(signatures appear on the following page)
Exhibit EX-10.34
10-QSB 03-31-97
Page 2 of 2
This Amendment shall become effective when it is accepted and executed by an
authorized officer of Lender.
AGREED:
CO-BORROWER:
Source Scientific, Inc.
BY: /S/ XXXXXXX X. XXXXXXXX
Xxxxxxx X. Xxxxxxxx, President and CEO
(PRINT NAME AND TITLE)
DATE: 2/19/97
CO-BORROWER:
Xxxxx Instruments Corporation
BY: /S/ XXXXXXX X. XXXXXXXX
Xxxxxxx X. Xxxxxxxx, President and CEO
(PRINT NAME AND TITLE)
DATE: 2/19/97
CO-BORROWER:
Source Scientific Systems, Inc.
BY: /S/ XXXXXXX X. XXXXXXXX
Xxxxxxx X. Xxxxxxxx, President and CEO
(PRINT NAME AND TITLE)
DATE: 2/19/97
ACCEPTED:
LENDER:
CONCORD GROWTH CORPORATION
BY:________________________________
--------------------------------
(PRINT NAME AND TITLE)
DATE:_____________________________
