December 13, 1999
Greka Integrated, Inc.
Saba Realty, Inc.
Santa Xxxxx Refining Company
0000 Xxx Xxxx Xxxxx
Xxxxx 000
Xxxxx Xxxxx, XX 00000
Ladies/Gentlemen:
Reference is made to the First Amended and Restated Loan and Security
Agreement between us dated as of November 30, 1999, as amended and/or
supplemented (the "Agreement"). Capitalized terms not otherwise defined herein
shall have the meaning ascribed as such terms in the Agreement.
This letter will confirm that the Agreement is hereby amended in the
following manner:
1. The Schedule to Section 12(cc) of the Agreement is hereby
amended by adding to such Schedule the property and Lease
descriptions annexed hereto as Schedule A.
2. Section 12(cc)(5) of the Agreement is hereby amended by adding
the following sentence immediately after the end of such
paragraph: "Santa Xxxxx will use its reasonably commercial
efforts to obtain the consent of the Lessor under any of the
Leases which may now or hereafter become necessary in
connection with the assignment of any such Lease or interest
therein to Lender."
Except as heretofore and hereby amended, the Agreement shall remain in
full force and effect in accordance with its original terms.
Greka Integrated, Inc.
Saba Realty, Inc.
Santa Xxxxx Refining Company
December 13, 1999
Page 2
Please indicate your agreement to the foregoing by signing below and
delivering a copy of this letter to our offices.
Very truly yours,
GMAC COMMERCIAL CREDIT LLC
By:/s/Xxxxx Xxxxxxxx, SVP
----------------------------
Its
READ AND AGREED TO:
GREKA INTEGRATED, INC.
By:/s/ Xxxxxxx X. Xxxxxx
-------------------------------
Its Chairman, CEO & President
SABA REALTY, INC.
By:/s/ Xxxxxxx X. Xxxxxx
-------------------------------
Its Chairman, CEO & President
SANTA XXXXX REFINING COMPANY
By:/s/ Xxxxxxx X. Xxxxxx
-------------------------------
Its Chairman, CEO & President
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