ACCOUNT PURCHASE AGREEMENT MODIFICATION
Exhibit
10.26
IT IS
AGREED, for Ten dollars and no/100 ($10.00) and other valuable consideration, by and
between Crown Financial, LLC, ("Crown") and All American Plazas ("All American"),
that that certain Account Purchase Agreement dated January 8, 2007, between
Crown and All American, (the "AP Agreement"), be, and the same is, hereby
modified and amended as follows:
2. Definitions.
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h.
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"Eligible Accounts"
shall be the portions of Accounts with an aging that is less than
90 days that Crown does
not reasonably deem to be doubtful of collection, effective July 1,
2007.
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6. Fees and
Expenses
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b.
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All
American shah pay to Crown on the 15th and
the 30th
of each month that this Agreement is in effect, a fee equal to 1.375% of the
Outstanding Advance
for the preceding period, effective. July 1,
2007.
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IT IS
FURTHER UNDERSTOOD AND AGREED, that the AP Agreement, as modified by this
Agreement between the parties, shall be and hereby is in
all other respects ratified, approved and confirmed.
IN
WITNESS WHEREOF, the parties have hereunto set their hands this 29th day of
June, 2007.
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CROWN
FINANCIAL, L.L.C.
as
"Crown"
|
ALL
AMERICAN PLAZAS, INC.
as "All
American"
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| By: /s/ Xxxxxxx X. Tribe | By: /s/ Xxxxxxx Xxxxxxxxx |
| Xxxxxxx X. Tribe, Manager | Xxxxxxx Xxxxxxxxx, President |
