EXHIBIT 10.31
GREYROCK CAPITAL SCHEDULE TO LOAN AND SECURITY AGREEMENT
AMENDMENT TO LOAN DOCUMENTS
BORROWERS: SEER TECHNOLOGIES, INC. AND LEVEL 8 SYSTEMS, INC.
DATE: APRIL 21, 1999
THIS AMENDMENT TO LOAN DOCUMENTS is entered into between GREYROCK CAPITAL,
A DIVISION OF NATIONSCREDIT COMMERCIAL CORPORATION (formerly Greyrock Business
Credit) ("Greyrock"), whose address is 00000 Xxxxxxxx Xxxx., Xxxxx 000, Xxx
Xxxxxxx, XX 00000 and the borrower named above ("Borrower").
The Parties agree to amend the Loan and Security Agreement between them,
dated March 31, 1999 (the "Loan Agreement"), as follows. (This Amendment, the
Loan Agreement, the amended Schedule of even date, any prior written amendments
to said agreements signed by Greyrock and the Borrower, and all other written
documents and agreements between Greyrock and the Borrower are referred to
herein collectively as the "Loan Documents". Capitalized terms used but not
defined in this Amendment, shall have the meanings set forth in the Loan
Agreement.)
1. AMENDED SCHEDULE The Schedule to the Loan Agreement is hereby amended in
its entirety to read as set forth on the Schedule to Loan Agreement of even date
being signed concurrently herewith, effective on the date hereof (except that
the interest rate provided in said Amended Schedule shall be effective May 1,
1999).
2. REPRESENTATIONS TRUE. Borrower represents and warrants to Greyrock that
all representations and warranties set forth in the Loan Agreement, as amended
hereby, are true and correct.
3. GENERAL PROVISIONS. This Amendment, the Loan Agreement, and the other
Loan Documents set forth in full all of the representations and agreements of
the parties with respect to the subject matter hereof and supersede all prior
discussions, representations, agreements and under-standings between the parties
with respect to the subject hereof. Except as herein expressly amended, all of
the terms and provisions of the Loan Agreement and the other Loan Documents
shall continue in full force and effect and the same are hereby ratified and
confirmed.
Borrower:
SEER TECHNOLOGIES, INC.
By Xxxxxx Xxxxxxxxxxx
-----------------------------
President or Vice President
By Xxxxxx XxXxxxxx
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Secretary or Ass't Secretary
Borrower:
LEVEL 8 SYSTEMS, INC.
By Xxxxxx Xxxxxxxxxxx
---------------------------
President or Vice President
By Xxxxxx XxXxxxxx
----------------------------
Secretary or Ass't Secretary
Greyrock:
GREYROCK CAPITAL,
a Division of NationsCredit Commercial Corporation
By Xxxx Xxxxxx
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Title Senior Vice President
