AMENDMENT NO. 1 TO
MULTI CURRENCY SECURED REVOLVING CREDIT FACILITY DATED 16 APR.
This Amendment No. 1 to the Multi Currency Secured Revolving Credit Facility
dated 16 April 1997 (the "Loan Agreement") is made on this 23rd day of April
1997 by and between:
THE RIVERFRONT DEVELOPMENT CORPORATION as Borrower (the "Borrower"),
and
FINANSBANKEN ASA as lender (the "Bank"),
IT IS HEREBY AGREED AS FOLLOWS:
1. Unless otherwise defined herein, terms used in this Amendment No. 1 shall
have the meanings given to them in the Loan Agreement.
2. The Total Commitment of the Bank is increased from NOK 60,000,000 to NOK
69,000,000. All references to NOK 60,000,000 in the Loan Agreement and the
Security Documents are accordingly amended to NOK 69,000,000, provided,
however, that the Total Commitment shall be reduced to NOK 60,000,000 on 2
June 1997. The Borrower shall on or before the said date make appropriate
repayment and/or prepayment, in order for the Loan on 2 June 1997 not to
increase NOK 60,000,000.
3. The Borrower shall pay to the Bank an additional arrangement fee of NOK
45,000 related to this Amendment No. 1 and the said amount shall be paid by
the Borrower on the date hereof.
4. The Security Documents shall secure the entire Outstanding Indebtedness of
the Borrower from time to time, including any Outstanding Indebtedness
incurred as a result of the increase in Total Commitment granted herein.
5. All other terms of the Loan Agreement shall remain unchanged.
THE RIVERFRONT DEVELOPMENT FINANSBANKEN ASA
CORPORATION
/s/ Xxxxxxx Xxxxxx /s/ Xxxxx X. Xxxx
----------------------------- -----------------------------------
Xxxxxxx Xxxxxx, VP Xxxxx X. Xxxx, General Manager
We hereby consent to the increase of the Total Commitment as stated. This
Guarantee shall secure the entire Outstanding Indebtedness of the Borrower,
including any increased Outstanding Indebtedness incurred as a result of the
Total Commitment.
XXXX HAULING AND WAREHOUSING XXXX CARGO SYSTEMS, INC.
SYSTEMS, INC.
/s/ Xxxxxxx Xxxxxx /s/ Xxxxxxx Xxxxxx
----------------------------- -----------------------------------
Xxxxxxx Xxxxxx, VP Xxxxxxx Xxxxxx, VP
