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Exhibit 10(c)
LANVISION SYSTEMS, INC.
FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT BETWEEN THE HILLSTREET FUND, L.P.
AND LANVISION SYSTEMS, INC.
AMENDMENT NUMBER 1
This Amendment Number 1 is executed pursuant to and is made a part of the Loan
and Security Agreement by and between LanVision Systems, Inc. and The HillStreet
Fund, L.P. dated July 17, 1998 ("Agreement").
Section 6.4 of the Agreement should be amended to read "MINIMUM REVENUES. On
each Computation Date set forth below, the Borrower shall not permit, for the
fiscal year ended January 31, 1999 and for the six-month periods ending July 31,
1999, January 31, 2000, July 31, 2000 and January 31, 2001, and each six-month
period thereafter ending on the Computation Date, its total revenues to be less
than the minimum amount set forth below:"
Exhibit C to the Agreement, The COMPLIANCE CERTIFICATE Paragraph 5(d) should be
amended to read "MINIMUM REVENUES. Pursuant to Section 6.4 of the Loan Agreement
and on each Computation Date set forth below, the Borrower shall not permit, for
the fiscal year ended January 31, 1999 and for the six-month periods ending July
31, 1999, January 31, 2000, July 31, 2000 and January 31, 2001 and each
six-month period thereafter ending on the Computation Date, its total revenues
to be less than the minimum amount set forth below:"
Exhibit C to the Agreement, The COMPLIANCE CERTIFICATE Paragraph 5(d) should be
amended to change the MINIMUM REVENUES in the table as follows:
DATE FROM TO
July 31, 2000 $18,000,000.00 $14,000,000.00
January 31, 2001
and each six-month
period thereafter $24,000,000.00 $20,000,000.00
LENDER: BORROWER:
The HillStreet Fund, L.P. LanVision Systems, Inc.
By: HillStreet Capital, Inc. By:/s/XXXXXX X. XXXXXXX
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Its: Investment Manager
Xxxxxx X. Xxxxxxx
By:/s/XXXXXXXXX X. XXXXXXXXX Chief Operating Officer &
Xxxxxxxxx X. Xxxxxxxxx Chief Financial Officer
President
Date 11/20/98 Date 11/25/98
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