August 31, 1995
Questech, Inc.
0000-X Xxxxxxxx Xxxx
Xxxxx Xxxxxx, Xxxxxxxx 00000
Attention: Xxxxxx X. X'Xxxxxxx, Xx., Chief Financial Officer
Re: Loan and Security Agreement dated as of July 15, 1991
Amendment No. 11
Gentlemen:
Reference is made to the Loan and Security Agreement by and among Questech,
Inc. and Questech Service Company, (the "Borrowers") and Signet Bank/Virginia
(the "Lender") dated July 15, 1991 (the "Loan Agreement"). Terms defined in
the Loan Agreement shall have the same defined meanings when used herein.
The definition of the term listed below, as found in Section 1 of the Loan
Agreement, is hereby amended in full to read as follows:
"Termination Date" means September 30, 1995, and any extension or
extensions thereof granted by the Lender in its sole discretion.
Except as amended hereby, all other terms and conditions of the Loan Agreement
are ratified and confirmed in all respects.
Please acknowledge your acceptance of the above terms and modifications by
signing and returning the enclosed copy of this letter to my attention.
Sincerely,
Signet Bank/Xxxxxxxx
Xxxxxxx Xxxxxxxxxx
Vice President
Acknowledged and accepted this _____day of ________, 1995.
Questech, Inc. Questech Service Company
By: ________________________ By: ___________________________
