0000950136-97-000229 Sample Contracts

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HELLER FINANCIAL, INC. RETAIL Collection Factoring Agreement
Pivot Rules Inc • March 6th, 1997 • New York
LOAN AGREEMENT
Loan Agreement • March 6th, 1997 • Pivot Rules Inc • New York
PIVOT RULES, INC. 80 West 40th Street New York, New York 10018
Pivot Rules Inc • March 6th, 1997

Reference is made to that certain Promissory Note, dated September 30, 1996, executed by Pivot Rules, Inc. (the "Company") in your favor in the principal amount of $240,000 (the "Note"). This will confirm our agreement that the Note is hereby amended to clarify that, in the event that the Company consummates a bridge financing with GKN Securities Corp. acting as placement agent, the Note and the security interest granted to you under the Note shall be subordinated to the obligations of the Company to the investors in such bridge financing and the security interest granted to such investors in substantially all of the assets of the Company.

Exhibit 10.8 HELLER FINANCIAL, INC. 101 Park Avenue New York, New York 10178 Pivot Rules, Inc. 80 West 40th Street New York, New York 10018 re: Amendments to Financing Agreements Between Heller Financial, Inc. and Pivot Rules, Inc. Gentlemen:...
Financing Agreement • March 6th, 1997 • Pivot Rules Inc

Reference is made to the various credit arrangements between Pivot Rules, Inc. (the "Company") and Heller Financial, Inc. ("Heller"), i.e., the Retail Collection Factoring Agreement, effective as of April 28, 1992 (the "Factoring Agreement"), the Letter of Credit Financing Agreement, dated April 28, 1992 (the "Financing Agreement"), the Collateral Installment Note in the face amount of $325,000, dated December 1994 (the "Term Loan"), the Stock Pledge, dated December 1994 (the "Stock Pledge") and the Overformula Advance Facility Agreement, dated August 21, 1996.

BETWEEN
Commencement Date Agreement • March 6th, 1997 • Pivot Rules Inc • New York
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