Exhibit 4.c
[Logo]
Fleet Bank
Managed Assets Division
September 18, 1996
Aquidneck Systems International, Inc.
c/o Xxxxx Xxxxxxxx, Controller
000 Xxx Xxx Xxxx
Xxxxx Xxxxxxxxx, XX 00000
Re: Fleet National Bank ("Bank") Revolving Credit Loan to Aquidneck
Systems International, Inc. ("Borrower") in the original principal
balance of $500,000.00 dated February 25, 1993, as amended (the
"Note")
Gentlemen:
This letter shall serve as an amendment to the Letter Agreement dated
September 25, 1995, as previously amended by letters dated May 21, 1996 and June
26, 1996.
By and pursuant to the terms of this letter, the Borrower and the Bank
hereby further amend the Note and the Loan Agreement also dated February 25,
1993 (the "Loan Agreement") so as to extend the final maturity date of the Note
and the date set forth in the paragraph designated "I. A. 1) (b)" of the Loan
Agreement to October 31, 1996.
Scheduled amortization shall continue in conformity with the Note, as
amended, and the other documents referenced herein.
Except as modified herein, all other terms and conditions that exist under
the Note, Loan Agreement, Forbearance Agreement dated October 21, 1994, and the
other loan documents governing the loan, as previously amended, are in all
respects ratified and confirmed and the terms, conditions and provisions thereof
shall be and remain in full force and effect.
Fleet National Bank 00 Xxxxxxxxxxx Xxxxxx P.O. Box 366 Providence, RI 02901-0366
Aquidneck Systems International, Inc.
September 17, 1996
2
If you agree with the terms of this modification of the above referenced
Note and Loan Agreement, please acknowledge below and return this letter to my
office by close of business on September 18, 1996.
Very truly yours,
Fleet National Bank
/s/Xxxx Xxxxxxxxx
-------------------------------------
Xxxx Xxxxxxxxx, Vice President
/s/X.X. Xxxxxxxx XX, VP
-------------------------------------
X.X. Xxxxxxxx XX, Vice President
Xxxxxx to and accepted on this 18 day of September, 1996.
Aquidneck Systems International, Inc.
By: /s/Xxxxxx X. Xxxxx
----------------------------
Name: Xxxxxx X. Xxxxx
Title: President
