GMAC
COMMERCIAL CREDIT LLC
0000 XXXXXX XX XXX XXXXXXXX x XXX XXXX, XX 00000
212-408-7000
September 24, 1999
Greka Integrated, Inc.
Saba Realty, Inc.
Santa Xxxxx Refining Company
0000 Xxxxxxx Xxxxx, Xxxxx 000
Xxxxx Xxxxx, XX 00000
Ladies/Gentlemen:
Reference is made to the Loan & Security Argeement between us dated as
of April 30, 1999 (the "Agreement"). All capitalized terms not otherwise defined
herein shall have such meaning as are ascribed to them under the Argeement.
This letter shall serve to confirm the agreement between us, that
effective immediately the Agreement shall be amended by deleting the dollar
amount of "$5,000,000" appearing in the definition of "Maximum Revolving Amount"
appearing on page 6 of the Agreement and by inserting the dollar amount of
"$6,000,000" in its place and stead.
Except as hereby specifically modified or amended all of the terms and
conditions set forth in the Agreement shall continue to remain in full force and
effect in accordance with their original terms.
If the foregoing correctly sets forth the agreement between us, please
execute a copy of this letter in the space provided below and return a fully
executed copy to our offices.
Very truly yours,
GMAC COMMERCIAL CREDIT LLC
By: /S/
------------------------------
Title:
READ & AGREED TO:
GREKA INTEGRATED, INC.
By: /S/ Xxxxxxx X. Xxxxxx
-------------------------------
Title: Chairman, CEO & President
SABA REALTY, INC
By: /S/ Xxxxxxx X. Xxxxxx
-------------------------------
Title: Chairman, CEO & President
SANTA XXXXX REFINING COMPANY
By: /S/ Xxxxxxx X. Xxxxxx
-------------------------------
Title: Chairman, CEO & President
