EXHIBIT 10(l)
SUBORDINATED LOAN AGREEMENT FOR EQUITY CAPITAL AMENDMENT
EXTENDING THE MATURITY DATE
Amendment dated as of September 3, 1996 between (the
"Lender") SunAmerica Inc. and SunAmerica Asset Management
Corporation, Inc. (the "Borrower").
In consideration of the sum of $14,000,000.00 (the
unpaid principal amount) and subject to the terms and
conditions set forth in the Subordinated Loan Agreement for
Equity Capital dated as of September 3, 1993 and scheduled to
mature on September 13, 1996, the Lender agrees to extend the
maturity date of said loan until September 13, 1999.
The interest paid on this Subordinated Loan Agreement
for Equity Capital is changed from 7% to 9% per annum,
effective as of September 13, 1996.
IN WITNESS WHEREOF the parties hereto have executed this
amendment as of the 3rd day of September 1996.
SunAmerica Asset Management Corporation, Inc.
By: /s/ Xxxxx Xxxxxxxxx
SVP, CFO
SunAmerica Inc.
By: /s/ Xxxxx X. Xxxxxxx
Executive Vice President
