Exhibit 10.24B
[LOGO OF GREYROCK CAPITAL]
Amendment to Loan Documents
Borrowers: Seer Technologies, Inc. and Xxxxx 0 Systems, Inc.
Address: 0000 Xxxxxxx Xxxxxxx
Xxxx, Xxxxx Xxxxxxxx 00000
Date: March 9, 2000
THIS AMENDMENT TO LOAN DOCUMENTS is entered into between GREYROCK CAPITAL,
a Division of Banc of America Commercial Finance Corporation ("Greyrock"), whose
address is 00000 Xxxxxxxx Xxxx., Xxxxx 0000, Xxx Xxxxxxx, XX 00000 and the
borrower named above ("Borrower").
The Parties agree to amend the Loan and Security Agreement between them,
dated March 31, 1999 (as amended from time to time, the "Loan Agreement"), as
follows, effective on the date hereof. (Capitalized terms used but not defined
in this Amendment, shall have the meanings set forth in the Loan Agreement.)
1. Replacement Term Loan Due Date. Section 1(c)(1) of the Schedule, which
currently reads as follows:
"(1) The Replacement Term Loan shall be due and payable, in full, on the
earlier of (A) March 1, 2001, or (B) any termination of this Agreement",
is hereby amended in its entirety to read as follows:
"(1) The Replacement Term Loan shall be due and payable, in full, on the
earlier of (A) December 31, 2001, (B) the Receivable Loan Maturity Date
(defined below), or (C) any termination of this Agreement".
2. Representations True. Borrower represents and warrants to Greyrock that
all representations and warranties set forth in the Loan Agreement, as amended
hereby, are true and correct.
3. General Provisions. This Amendment, the Loan Agreement, and the other
Loan Documents set forth in full all of the representations and agreements of
the parties with respect to the subject matter hereof and supersede all prior
discussions, representations, agreements and understandings between the parties
with respect to the subject hereof. Except as herein expressly amended, all
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of the terms and provisions of the Loan Agreement and the other Loan Documents
shall continue in full force and effect and the same are hereby ratified and
confirmed.
Borrower: Borrower:
Seer Technologies, Inc. XXXXX 0 SYSTEMS, INC.
By /s/ Xxxxxx Xxxxxxxxxxx By /s/ Xxxxxx Xxxxxxxxxxx
---------------------------- ----------------------------
President or Vice President President or Vice President
By /s/ Xxxxxx XxXxxxxx By /s/ Xxxxxx XxXxxxxx
---------------------------- ----------------------------
Secretary or Ass't Secretary Secretary or Ass't Secretary
Greyrock:
Greyrock Capital,
a Division of Banc of America Commercial
Finance Corporation
By /s/ Xxxx Xxxxxx
----------------------------
Title Sr. Vice President
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