Exhibit 10.13
STAR BANK
000 Xxxxxx Xxxxxx
X. X. Xxx 0000
Xxxxxxxxxx, XX 00000-0000
October 31, 1995
Xx. Xxxxxxx X. Xxxxx
President
Dataguard Recovery Services, Inc.
P. O. Xxx 00000
Xxxxxxxxxx, XX 00000-0000
Re: The Revolving Credit and Term Loan Agreement dated
July 1, 1992 and subsequently amended by and between
Star Bank, N.A. (the "Bank") and Dataguard Recovery
Services, Inc. (the "Company") (said agreement shall
hereinafter be referred to as the "Agreement").
Dear Xx. Xxxxx:
This letter, when duly and validly accepted by the Company, shall
evidence the intention of the Bank to amend the above referenced
Agreement and Promissory Note such that:
1) The Maturity Date of the Revolving Credit facility shall be
extended to October 31, 1996.
2) The Revolving Note shall bear interest at 2.0% over the Bank's
prime rate (the "Prime Rate"). The Prime Rate is currently
8.75%.
As a condition to the effectiveness of this amendment, the Company
shall pay the Bank a $100 renewal fee.
All representations and warranties of the Company set forth in the
Agreement are true and correct as of the date hereof. Except as
amended herein, all other terms, conditions and covenants of the
Agreement shall remain in full force and effect.
If the above terms represent our understanding, please indicate
your agreement by signing one copy of this letter and returning it
to me.
Sincerely,
/s/ Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
Vice President
Accepted this 29th day of December, 1995.
Dataguard Recovery Services, Inc.
By: /s/Xxxxx X. Xxxxxx, Xx.
