EXHIBIT 10.10
BANKERS TRUST COMPANY
000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000
April 2, 1997
Automatic Systems Developers, Inc.
Xxxxxxxx Xxxxxx
Xxxxxxxxxxxx, Xxx Xxxx 00000
Dear Sirs:
Reference is made to: (i) that certain Amended and Restated Line of Credit,
Loan Extension and Security Agreement dated December 30, 1994, as revised,
modified and amended by First Amendment to Amended Restated Line of Credit
Loan, Loan Extension, and Security Agreement dated May 18, 1995, and as further
revised, modified and extended by Second Amendment to Amended and Restated Line
of Credit, Loan Extension, and Security Agreement dated as of August 17, 1995
(as amended, supplemented or otherwise modified from time to time, the "Loan
Agreement") and (ii) that certain Amended and Restated Replacement Promissory
Note, dated August 17, 1995 (as amended, supplemented or otherwise modified
from time to time, the "Note", and together with the Loan Agreement, the "Loan
Documents").
Subject to your agreement and the agreement of the guarantors listed
below to the terms and conditions hereof as evidenced by your signature and
the signatures of the guarantors lsited below, Bankers Trust Company hereby
agrees that the Maturity Date (as defined in the Note) of the Note is extended
to June 30, 1997 and the Loan Documents are hereby amended to reflect this
extension of the Maturity Date.
By signing a copy of this letter you reaffirm all of the terms and
conditions of the Loan Documents and agree and acknowledge that except as
specifically stated herein all of the
Automatic Systems Developers, Inc.
April 2, 1997
Page 2
terms and conditions of the Loan Documents remain in full force and effect.
Very truly yours,
BANKERS TRUST COMPANY
By: /s/ XXXXXX X. O'XXXXX
--------------------------
Xxxxxx X. O'Xxxxx
Vice President
Agreed and Accepted:
Automatic Systems Developers, Inc.
By: /s/ XXXX X. XXXXX
------------------------------
Name: Xxxx X. Xxxxx
Title: CEO
ASD Group, Inc.
formerly known as Dutchess Design
and Development, Inc., as guarantor
By: /s/ XXXX X. XXXXX
------------------------------
Name: Xxxx X. Xxxxx
Title: CEO
High Technology Computer, Inc.,
as guarantor
By: /s/ XXXX X. XXXXX
------------------------------
Name: Xxxx X. Xxxxx
Title: CEO
Automatic Systems Developers, Inc.
April 2, 1997
Page 3
Cabletronics, Inc., as guarantor
By: /s/ XXXX X. XXXXX
------------------------------
Name: Xxxx X. Xxxxx
Title: CEO
Netcomp, inc., f/k/a
ASD Office Systems, Inc.,
as guarantor
By: /s/ XXXX X. XXXXX
------------------------------
Name: Xxxx X. Xxxxx
Title: CEO
