EXHIBIT 10.20
Los Alamos National Bank
X.X. Xxx 00, Xxx Xxxxxx, Xxx Xxxxxx 00000 (505) 662-5171
ALLONGE
AGREEMENT
By mutual agreement and for mutual and valuable consideration, receipt of
which is hereby acknowledged, the undersigned borrower(s), herein called
Borrower, whether singular or plural, and Los Alamos National Bank, Los
Alamos, New Mexico, herein called Lender, hereby implement the following
amendment(s) to the original loan by Lender to Borrower described below.
Unless expressly amended by this allonge, all terms, conditions, covenant,
collateral, liens, obligors, guarantors, and discourses in effect for the
original loan on the date of this allonge remain in full effect and
unchanged by this allonge.
DESCRIPTION OF ORIGINAL LOAN BEING AMENDED BY THIS ALLONGE
----------------------------------------------------------
Original Original Original Current
Note Number Note Date Note Amount Principal Balance
---------- --------- ----------- -----------------
630349-71 January 24, 2001 $300,000.00 $212,848.64
PAYMENT EXTENSION
-----------------
Original
Payment Amount
Original (including principal Extended Extended
Due Date and interest) Due Date Payment Amount
-------- -------------------- -------- --------------
July 24, 2001 $314,958.58 April 15, 2004 $187,776.33
Amount of Interest to be Non-Refundable Extension
Cumulative Number of Paid by Borrower on to be Paid by Borrower
Times Extended Signing of this Allonge on Signing of This Allonge
-------------------- ------------------------ --------------------------
6 $7,500.38 $50.00
AGREEMENT BETWEEN LENDER AND BORROWER WITH REGARD TO FUTURE PAYMENT EXTENSIONS
------------------------------------------------------------------------------
Line of Credit must be reduced by $25,000.00, interest and renewal fee paid.
INTEREST RATE CHANGE
--------------------
Effective Date of Rate
Old Interest Rate New Interest Rate Change
----------------- ----------------- ----------------------
N/A N/A N/A
OTHER AMENDMENTS
----------------
None
REASON FOR THIS ALLONGE
-----------------------
Customer requested extension.
DATE LENDING OFFICER'S CERTIFICATION AND APPROVAL
October 15, 2003
/S/ Xxxx Xxxxx
BORROWER'S NAME AND ADDRESS
New Mexico Software, Inc.
a New Mexico Corporation
0000 Xxxxxx Xxxxxx Xxxx XX
Xxxxxxxxxxx, Xxx Xxxxxx 00000
BORROWER'S SIGNATURE
--------------------
By: /s/ Xxxxxxx X. Xxxxxxxx /s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx, President Xxxxxxx X. Xxxxxxxx, Guarantor
