Amendment to Security Agreement
Dated June 22, 1995
Between Sunrise Leasing Corporation ("Borrower") and
King Holding Corporation ("Secured Party")
Borrower wishes to finance $1,955,038.85 of Equipment under its current
facility with Secured Party under the same terms and conditions except as
changed herein, by providing Secured Party with Collateral pursuant to this
Security Agreement. Secured Party agrees to advance $1,955,038.85 to Borrower
under the terms and conditions below.
All capitalized terms not herein defined shall have the meaning given
them in the Security Agreement dated June 22, 1995.
Borrower shall amortize this outstanding balance by making semi-monthly
payments to Secured Party as follows:
October 15, 1996 $102,883.07
October 31, 1996 $102,883.06
November 15, 1996 $ 92,831.66
Within 60 days from the date funds are advanced to Borrower, Borrower
shall pay such remaining principal amount previously advanced together with
interest on the unpaid balance.
All other terms and conditions of the Security Agreement remain the
same.
Sunrise Leasing Corporation King Management Corporation
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxx X. Xxxx
Its: Chief Financial Officer Its: President
