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EXHIBIT 10.8
BANK OF AMERICA N.A.
SECOND MODIFICATION OF LOAN AGREEMENT
51-557924RC
THIS SECOND MODIFICATION OF LOAN AGREEMENT ("this Agreement") is made as
of December , 1999, but is in all respects effective November 29,
1999, by and between Proxicom, Inc. (the "Borrower") and Bank of
America, N.A. (the "Bank"), witnesseth:
WHEREAS, the Borrower executed a loan agreement ("the Loan Agreement")
outlining specific terms and conditions governing the Loan, and
WHEREAS, the Borrower has requested and the Bank has agreed to renew the
Loan provided that the Borrower executed this Agreement.
NOW, THEREFORE, in consideration of the premises, the sum of $1.00 and
other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:
1) The statement set forth above are true and accurate in every
respect and are incorporated herein by reference.
2) The Loan Agreement is hereby amended as follows:
Paragraph 6.1. (ix) is hereby deleted in its entirety.
3) Except as expressly amended herein, all of the provisions of the
Loan Agreement shall remain in full force and effect. This
Agreement shall in no way operate as a novation, release, or
discharge of any of the provisions of the Loan Agreement (except
as amended herein), or any indebtedness thereby evidenced.
IN WITNESS WHEREOF, and intending to create an instrument executed under
seal, the Borrower and the Bank have duly executed this Agreement under
seal as of the day and year first written above.
BORROWER:
Proxicom, Inc.
BY: /s/ XXXXXXXXXXX XXXXXXX (SEAL)
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Xxxxxxxxxxx Xxxxxxx, Vice President
BANK:
BANK OF AMERICA, N.A.
BY: /s/ XXXX XXXXXX CROSS (SEAL)
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Xxxx Xxxxxx Cross, Vice President
