EX-10.17
from 10-K
5 pages
This Third Amendment (This “Amendment”) Is Made as of the 25th Day of April, 2005 to the Loan and Security Agreement Dated as of June 30, 2003 (As Amended or Otherwise Modified From Time to Time, the “Loan Agreement”; Unless Otherwise Defined Herein, Capitalized Terms Used Herein Shall Have the Meanings Ascribed to Them in the Loan Agreement) by and Among Wells-Gardner Electronics Corporation, an Illinois Corporation (“Wge”), American Gaming & Electronics, Inc., a Nevada Corporation (“Age”) and Lasalle Bank National Association, a National Banking Association (“Lender”). Whereas, Borrowers Have Requested That Lender Amend the Loan Agreement in Certain Respects as Provided Herein; Whereas, Lender Has Agreed to Amend the Loan Agreement on the Terms, and Subject to the Conditions Set Forth Below; Now, Therefore, in Consideration of the Foregoing, and the Mutual Covenants Herein Contained, and Such Other Consideration as the Parties Mutually Agree, the Parties Hereto Agree as Follows: 1. Amendment. Subject to the Condition Set Forth in Section 3 Below, Borrowers and Lender Agree to Amend the Loan Agreement as Follows: (A) Subsection 3(a) of the Loan Agreement Is Hereby Amended and Restated in Its Entirety, as Follows: (A) General Terms
12/34/56