AMENDMENT
TO GBBF CONTRACT OF SALE SECURITY AGREEMENT
March 13, 2007
Add Paragraph 28.1 as follows:
28.1. MINIMUM DAILY LEDGER BALANCE: Client is required to maintain a minimum daily ledger balance of $200,000.
REMEDIES AFTER DEFAULT:
Paragraph 37 as follows:
In the event of any defaultGBBF may do any one or more of the following:
Is replaced by:
In the event of any default, and following five (5) business days’ notice byGBBF toCLIENT, and opportunity to cure or commence cure of any curable event of default, in each case toGBBF’S reasonable satisfaction,GBBF may do any one or more of the following:
This amendment is effective and applicable to invoices purchased after March 13, 2007. All other terms, covenants and conditions will remain in effect and unchanged.
Freundlich Supply Company, Inc.
By:
Title:
Page 1 Initial____
Greater Bay Business Funding, a division of Greater Bay Bank N.A.
By: ______________________
Title: _____________________
Page 2 Initial____