1
Congress Xxxxxxx Corporation (Western)
0000 Xxxxxxxx Xxxxxxxxx Xxxxx 0000
Xxx Xxxxxxx Xxxxxxxxxx 00000
213 954-5300
March 4, 1997
Xx. Xxxx Xxxxxxx
Jalate, Ltd. [CONGRESS XXXXXXX LOGO]
0000 X. Xxxxxxx
Xxx Xxxxxxx, XX 00000
Re: Jalate, Ltd. ("Client");
Congress Xxxxxxx Corporation (Western) ("Congress")
Dear Xxxx,
Reference is hereby made to that certain Discount Factoring Agreement dated
August 17, 1987 between Client and Congress as amended from time to time (the
"Factoring Agreement"). In connection with the Factoring Agreement, Congress
and Client entered into a letter agreement, dated May 17, 1995 (the "May 17th
agreement"). This letter agreement supersedes the May 17th agreement as
follows:
1) Purchase of any fixed or capital assets not to exceed
$750,000.00 in the aggregate during any one year term of the
Factoring Agreement. Jalate, Ltd. shall not, without the prior
written consent of Congress Xxxxxxx Corporation (Western) make
any capital expenditures in any fiscal year in excess of
750,000.00.
Except as specifically provided herein, all terms and conditions of the
agreement remain in full force and effect, without waiver or modification. If
you agree to the terms and conditions contained in this letter agreement,
please indicate your agreement by executing this letter agreement where
indicated below and returning this letter agreement to the undersigned.
Very truly yours,
Congress Xxxxxxx Corporation (Western)
/s/ XXXXXXX X. XXXXXXX
Xxxxxxx X. Xxxxxxx
Vice President
Agreed and Accepted this 7th day March, 1997
Jalate, Ltd.
By:_______________________________
Title:____________________________
[CONGRESS XXXXXXX LOGO NEW YORK * LOS ANGELES]
