ContractRevolving Credit and Security Agreement • May 14th, 2002 • Eos International Inc • Services-educational services • New York
AMENDMENT NO. 2 TO REVOLVING CREDIT AND SECURITY AGREEMENT THIS AMENDMENT NO. 2 (this “Amendment”) is entered into as of April 25, 2002, by and among DISCOVERY TOYS, INC., a California corporation (“Borrower”), PNC BANK, NATIONAL ASSOCIATION (“PNC”), the undersigned financial institutions which are now or which hereafter become a party to the Loan Agreement (collectively, the “Lenders” and individually, a “Lender”), and PNC as agent for Lenders (PNC, in such capacity, “Agent”). BACKGROUND Borrower, Agent and Lenders are parties to a Revolving Credit and Security Agreement dated as of June 1, 1999 (as amended by Amendment No. 1 dated as of June 1, 2001 and as same may be further amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) pursuant to which Agent and Lenders provide Borrower with certain financial accommodations. Borrower has requested that Agent and Lenders (i) permit Borrowers to upstream funds to EOS International, Inc. and (ii)
