EXHIBIT 10.64
AMENDMENT TO BUSINESS FINANCING AGREEMENT
AND AGREEMENT FOR WHOLESALE FINANCING
This Amendment is made to (i) that certain Business Financing Agreement
executed on the 21st day of April, 1998, between Capital Associates Technology
Group, Inc. ("Dealer") and Deutsche Financial Services Corporation ("DFS"), as
amended ("BFA") and (ii) that certain Agreement for Wholesale Financing between
Dealer and DFS dated July 15, 1991, as amended ("AWF").
FOR VALUE RECEIVED, DFS and Dealer agree as follows:
1. Section 2.1 of the BFA is hereby amended in its entirety to read
as follows:
"2.1 Accounts Receivable Facility. Subject to the terms of
this Agreement, DFS agrees to provide to Dealer an Accounts
Receivable Facility of Six Million Dollars ($6,000,000.00);
provided, however, that at no time will the principal amount
outstanding under the Accounts Receivable Facility and
Dealer's inventory floorplan credit facility with DFS exceed,
in the aggregate, Six Million Dollars ($6,000,000.00). DFS'
decision to advance funds will not be binding until the funds
are actually advanced."
In addition, subject to the terms of the AWF, DFS agrees to provide to
Dealer an inventory floorplan credit facility of Six Million Dollars
($6,000,000.00); provided, however, that at no time will the principal amount
outstanding under Dealer's inventory floorplan credit facility with DFS and
Dealer's Accounts Receivable Facility exceed, in the aggregate Six Million
Dollars ($6,000,000.00). DFS' decision to advance funds will not be binding
until the funds are actually advanced.
All other terms and provisions of the BFA and AWF, to the extent
consistent with the foregoing, are hereby ratified and will remain unchanged and
in full force and effect.
IN WITNESS WHEREOF, Dealer and DFS have executed this Amendment on this
____ day of June 1 , 1998.
CAPITAL ASSOCIATES TECHNOLOGY GROUP, INC.
By: /s/Xxxxxxx X. XxXxxxx
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Title: Senior Vice President
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DEUTSCHE FINANCIAL SERVICES CORPORATION
By: /s/Xxxx Xxxxxxxx
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Title: Credit Manager
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