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EXHIBIT 10.2
AMENDMENT NUMBER SEVEN TO FACTORING, CREDIT AND SECURITY AGREEMENT
THIS AMENDMENT NUMBER SEVEN TO FACTORING, CREDIT AND SECURITY AGREEMENT (this
"Amendment") is entered into as of June 23, 1997, between THE SIRENA APPAREL
GROUP, INC., a Delaware corporation ("Sirena"), and XXXXXX FINANCIAL, INC., a
Delaware corporation ("Xxxxxx") and amends that certain Factoring, Credit and
Security Agreement, dated as of August 19, 1994, between Sirena and Xxxxxx, as
amended from time to time (the "Agreement") and is based upon the following
facts:
RECITALS
A. Sirena has requested that Xxxxxx amend certain terms of Agreement.
X. Xxxxxx has agreed to amend certain terms of the Agreement in accordance
with Sirena's request.
AGREEMENT
Now, therefore, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Sirena and Xxxxxx, intending to
be legally bound, hereby amend the Agreement as follows:
1. Unless specifically defined herein, all capitalized terms contained in
this Amendment shall have the definition ascribed to such terms in the
Agreement.
2. The Agreement is amended by deleting Schedule 4.7 to the Agreement and
substituting the attached new Schedule 4.7.
3. This Amendment shall be deemed effective as of the date of this
Amendment. Except as specifically amended herein, the Agreement shall remain in
full force and effect without any other changes, amendments or modifications.
THE SIRENA APPAREL GROUP, INC.
a Delaware corporation
By: [SIG]
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Title: EVP, CFO
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XXXXXX FINANCIAL, INC.
a Delaware corporation
By: [SIG]
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Title: Sr. V.P. 7/24/97
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SCHEDULE 4.7
TRADE NAMES
Sirena
WearAbouts
Rose Xxxxx Xxxx
Look & Sea
Xxxx Xxxxx Swimwear for Xxxxxx
Xxx Xxxxxxxxx Swimwear
Hot Water
Sirena Kids
