EXHIBIT 10.6
November 8, 1996
Xx. Xxxxxxx X. Xxxxx
President
Strategia Corporation
X.X. Xxx 00000
Xxxxxxxxxx, XX 00000-0000
RE: The Revolving Credit and Term Loan Agreement dated July 1, 1992 and
subsequently amended by and between Star Bank, N.A. (the "Bank") and
Dataguard Recovery Services, Inc. (the "Company") now known as Strategia
Corporation (said agreement shall hereinafter be referred to as the
"Agreement").
Dear Xx. Xxxxx:
This letter, when duly and validly accepted by the Company, shall evidence
the intention of the Bank to amend the above referenced Agreement and
Promissory Note such that:
1) The Maturity Date of the Revolving Credit facility shall be extended
to October 31, 1997.
2) The Revolving Note shall bear interest at 2.0% over the Bank's prime
rate (the "Prime Rate"). The Prime Rate is currently 8.25%.
3) The Company hereby agrees to reduce the subject Revolving Credit Facility
to zero upon execution of this Agreement and any future advances shall be
upon approval of the Bank.
As a condition to the effectiveness of this amendment, the Company shall pay
the Bank a $100 renewal fee and execute the promissory note attached hereto.
All representations and warranties of the Company set forth in the Agreement
are true and correct as of the date hereof. Except as amended herein, all
other terms, conditions and covenants of the Agreement shall remain in full
force and effect.
If the above terms represent our understanding, please indicate your
agreement by signing one copy of this letter and returning it to me.
Sincerely,
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Vice President
Accepted this 18th day of November, 1996.
Strategia Corporation
By: /s/ Xxxxxxx X. Xxxxx
