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EXHIBIT 10.31
AMENDMENT NUMBER FIVE TO LOAN AGREEMENT
THIS AMENDMENT to the Loan Agreement entered into as of October 4,
1993, between ARI NETWORK SERVICES, INC. ("ARI") and WITECH CORPORATION
("WITECH") as amended (the "Loan Agreement") is dated December 20, 1995.
BACKGROUND
This Amendment to the Loan Agreement reflects the mutual understanding
and agreement of the parties to amend the Loan Agreement regarding the
provision by WITECH of a revolving credit facility to ARI.
NOW THEREFORE, the parties agree as follows:
1. The reference in Paragraph 6.2 to "Seven Million Dollars
($7,000,000)" is deleted and "Six Million Five Hundred Thousand Dollars
($6,500,000)" is substituted therefor.
2. Subject to the amendment described herein, the Loan Agreement and
associated documents and agreements remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their respective officers as of the date first
above written.
WITECH CORPORATION ARI NETWORK SERVICES, INC.
By: /s/ Xxxxxxx Xxxxxxxxxx By: /s/ Xxxxx X. Xxxxxxx
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Xxxxxxx Xxxxxxxxxx, President Xxxxx X. Xxxxxxx,
President & Chief Executive Officer
