[Letterhead]
September 1, 1993
Congress Financial Corporation
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Sixth Amendment to Financing Agreements
Gentlemen:
Reference is made to our letter agreement with respect to
the above, dated May 1, 1993 (the "Fourth Amendment"). All
capitalized terms used herein shall have the meanings set forth
in the Fourth Amendment.
This will confirm our mutual agreement as follows:
1. The Maximum Credit as defined in the Fourth
Amendment and the Financing Agreements shall be increased to the
sum of $15,000,000 on and after the date hereof;
2. Section 3.5 of the Accounts Agreement is amended
as of the date hereof by replacing the figure "$11,500,000 in
two places therein with the figure "12,500,000" in such two
places;
3. In consideration of the foregoing, the undersigned
agrees to pay you a fee in the amount of $10,000, payable
simultaneously with the execution hereof, which fee is fully
earned as of the date hereof and, at your option, you may charge
such fee directly to our loan account with you;
4. Except as hereinabove specifically provided, the
Financing Agreements are hereby ratified, confirmed and extended;
and
5. This letter may be executed in one or more
counterparts which, taken together shall constitute the agreement
of the parties.
Very truly yours,
I.C. XXXXXX & CO. L.P.
By: ISBUYCO, INC., General Partner
By: /s/ Xxxxxx X. Xxxxxxxxx
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Title: VP
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Agreed and Accepted:
CONGRESS FINANCIAL CORPORATION
By: /s/ Xxxx X. Xxxxxxx
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Title: AVP
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