AMENDMENT NUMBER 15 TO LOAN DOCUMENTSLoan Documents • November 15th, 2010 • Emrise CORP • Electronic components, nec
This AMENDMENT NUMBER 15 TO LOAN DOCUMENTS (this “Fifteenth Amendment”) is entered into as of July 31, 2010, by and among GVEC RESOURCE IV INC. (the “Agent”), as Agent and as a Lender, PRIVATE EQUITY MANAGEMENT GROUP LLC, a Delaware limited liability company (“PEMG”), EMRISE CORPORATION, a Delaware corporation (“Parent”), and Parent’s Subsidiaries that are signatories hereto (collectively, with Parent, the “Borrowers” and each individually, a “Borrower”), with reference to the following facts:
AMENDMENT NUMBER 14 TO LOAN DOCUMENTSLoan Documents • November 15th, 2010 • Emrise CORP • Electronic components, nec
This AMENDMENT NUMBER 14 TO LOAN DOCUMENTS (this “Fourteenth Amendment”) is entered into as of July 16, 2010, by and among GVEC RESOURCE IV INC. (the “Agent”), as Agent and as a Lender, PRIVATE EQUITY MANAGEMENT GROUP LLC, a Delaware limited liability company (“PEMG”), EMRISE CORPORATION, a Delaware corporation (“Parent”), and Parent’s Subsidiaries that are signatories hereto (collectively, with Parent, the “Borrowers” and each individually, a “Borrower”), with reference to the following facts:
FACTOCIC DEVELOPMENT FACTOR Head office: Tour Facto – 92988 Paris La Défense Cedex Telephone: 01 46 35 74 00 Fax: 01 46 35 69 21 General conditions Factoring contract no.: 24283 Company stamp: [stamp]Factoring Contract • November 15th, 2010 • Emrise CORP • Electronic components, nec
The company wished to obtain certain contractually scheduled services from the Factor, in particular the funding of its invoices (with the exception of any insolvency guarantee) during the rebilling time-limit set out in Article L 341-18 of the Monetary and Financial Code, the aim of this amendment is to organize the parties’ relationships for cases where rebilling would be exercised;
