FIRST AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENT, CONTRACT LINE OF CREDIT LOAN AGREEMENT AND SECURITY AGREEMENTLoan Agreement and Security Agreement • July 12th, 2005 • Spectrum Sciences & Software Holdings Inc • Services-facilities support management services • Virginia
THIS FIRST AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENT, CONTRACT LINE OF CREDIT LOAN AGREEMENT AND SECURITY AGREEMENT (“First Amendment”) is made effective as of June 30, 2005, by and among Horne Engineering Services, LLC, a Virginia limited liability company (“HES LLC”), successor by merger to Horne Engineering Services, Inc., a Virginia corporation, having an address at 3130 Fairview Park Drive, Suite 400, Falls Church, Virginia 22042, Darryl K. Horne and Charlene M. Horne (each a “Guarantor” and collectively the “Guarantors”), and Bank of America, N.A., a national banking association (the “Lender”).
Effective as of June 30, 2005 Spectrum Sciences & Software Holdings Corp. 3130 Fairview Park Drive, Suite 400 Falls Church, Virginia 20852 IN RE: Horne Engineering Services, LLC Dear Sir or Madam:Spectrum Sciences & Software Holdings Inc • July 12th, 2005 • Services-facilities support management services
Horne Engineering Services, LLC, a Virginia limited liability company (the “Borrower”), successor by merger to Horne Engineering Services, Inc., a Virginia corporation is obligated to Bank of America, N. A. (“BOA”) on (1) a revolving line of credit loan in the principal amount of Four Million and 00/100 Dollars ($4,000,000.00) (the “Revolving Loan”), said Revolving Loan being evidenced by a Revolving Note dated as of August 12, 2004, payable by Borrower to BOA in the principal amount of Four Million and 00/100 Dollars ($4,000,000.00), as modified by that certain First Amendment to Revolving Note dated as of June 30, 2005 (collectively, the “Revolving Note”) and (2) a second revolving line of credit loan in the principal amount of Ten Million and 00/100 Dollars ($10,000,000.00) (the “Contract Loan”, which together with the Revolving Loan are hereby collectively referred to as the “BOA Credit Facilities”), said Contract Loan being evidenced by a Contract Note dated as of August 12, 2004,
