BUSINESS LOAN AND SECURITY AGREEMENTBusiness Loan and Security Agreement • February 21st, 2006 • Syntax-Brillian Corp • Radio & tv broadcasting & communications equipment • California
THIS BUSINESS LOAN AND SECURITY AGREEMENT (this “Agreement”), dated as of September 28, 2005, is entered into between PREFERRED BANK, a California banking corporation (“Lender”), and SYNTAX GROUPS CORPORATION, a California corporation (“SGC”) and SYNTAX CORPORATION, a Nevada corporation, formerly known as Syntax Groups Nevada, Inc. (“SC,” SGC and SC are individually and collectively the “Borrower”).
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • February 21st, 2006 • Syntax-Brillian Corp • Radio & tv broadcasting & communications equipment
DESCRIPTION OF EXISTING INDEBTEDNESS. A line of credit facility as evidenced by a Promissory Note and by a Business Loan and Security Agreement dated as of September 28, 2005 in the original Principal Amount of $20,000,000.00 executed by Borrower in favor of Lender.
SECOND AMENDMENT TO BUSINESS LOAN AND SECURITY AGREEMENTBusiness Loan and Security Agreement • February 21st, 2006 • Syntax-Brillian Corp • Radio & tv broadcasting & communications equipment
This Second Amendment to Business Loan and Security Agreement (the “Second Amendment” or “Amendment”) is made as of January 31, 2006, between PREFERRED BANK, a California banking corporation (“Lender”), SYNTAX GROUPS CORPORATION, a California corporation (“SGC”) and SYNTAX CORPORATION, a Nevada corporation, formerly known as Syntax Groups Nevada, Inc. (“SC”) (SGC and SC are sometimes referred to collectively as the “Borrowers” and individually as the “Borrower”).
CONTINUING GUARANTYContinuing Guaranty • February 21st, 2006 • Syntax-Brillian Corp • Radio & tv broadcasting & communications equipment • California
The undersigned, , an individual (herein called “Guarantor”), at the solicitation of SYNTAX GROUPS CORPORATION, a California corporation, and SYNTAX CORPORATION, a Nevada corporation (herein, individually and collectively, called “Borrower”), requests PREFERRED BANK, a California banking corporation (herein called “Lender”), to extend Credit to Borrower. In order to induce Lender to extend Credit to Borrower, and in consideration of Credit heretofore, now or hereafter granted to Borrower by Lender, Guarantor agrees as follows:
