EXHIBIT 10.1
AMENDMENT #1
CONTRACT OF SALE
SECURITY AGREEMENT
DATED JULY 20, 2006
CAPCO FINANCIAL COMPANY - A DIVISION OF GREATER BAY BANK, N.A., has amended its
name to GREATER BAY BUSINESS FUNDING, A DIVISION OF GREATER BAY BANK N.A.,
hereinafter referred to as "GBBF":
GBBF COVENANTS:
PARAGRAPH 25
GBBF reserves the sum of ($6,000,000.00) SIX MILLION AND 00/100 for the purchase
of ALL of CLIENT's Accounts. These funds are available daily at CLIENT's option,
subject to restriction as governed by the Advance Formula. Daily availability
will be communicated to CLIENT via GBBF's Availability / Advance Request.
IS HEREBY REPLACED WITH:
GBBF reserves the sum of ($5,000,000.00) FIVE MILLION AND 00/100 for the
purchase of ALL of CLIENT's Accounts. These funds are available daily at
CLIENT's option, subject to restriction as governed by the Advance Formula.
Daily availability will be communicated to CLIENT via GBBF's Availability /
Advance Request.
PARAGRAPH 26
This Agreements initial term of Twenty Four (24) months, is hereby EXTENDED
UNTIL OCTOBER 20, 2007 and unless terminated by either party giving not less
than thirty (30) days prior written notice.
This amendment is effective and applicable to invoices purchased after July 20,
2007. All other terms, covenants and conditions will remain in effect and
unchanged.
EASYLINK SERVICES CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------
Title: Vice President, Finance
EASYLINK SERVICES USA, INC.
By: /s/ Xxxxx X. Xxxxxxxx
---------------------------------
Title: Vice President, Finance
GREATER BAY BUSINESS FUNDING, A DIVISION
OF GREATER BAY BANK N.A.
By: /s/ Xxxxxxx Xxxxx
---------------------------------
Title: Vice President
