EX-10.2
from 10-Q
1 page
<page> 1 "Lfa Letterhead" July 15, 1997 via Facsimile & First Class Mail Mr. Walter Kaye President Merchant Factors Corp. 1430 Broadway New York, Ny 10018 Re: Security Agreement Dated August 18, 1995 Dear Walter: This Letter Is to Confirm That Under the Terms Specified in the Tenth Item of the Security Agreement Dated August 18, 1995 (The "Security Agreement"), the Security Agreement Has Been Renewed, and Continues in Full Force and Effect. the Tenth Item Is Amended So That the Next Renewal Date Will Be December 31, 1998. Very Truly Yours, /S/ Stanley I. Halbreich /S/ Stanley I. Halbreich Chief Financial Officer and Treasurer Accepted: Merchant Factors Corp. By: /S/ Walter Kaye /S/ Walter Kaye President
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EX-10.1
from 10-Q
1 page
<page> 1 "Lfa Letterhead" July 15, 1997 via Facsimile & First Class Mail Mr. Walter Kaye President Merchant Factors Corp. 1430 Broadway New York, Ny 10018 Re: Discount Factoring Agreement Dated January 25, 1996 Dear Walter: This Letter Is to Confirm That Under the Terms Specified in Item 14 of the Discount Factoring Agreement Dated January 25, 1996 (The "Factoring Agreement"), the Factoring Agreement Has Been Renewed, and Continues in Full Force and Effect. Item 14 Is Amended So That the Next Renewal Date Will Be December 31, 1998. Very Truly Yours, /S/ Stanley I. Halbreich /S/ Stanley I. Halbreich Chief Financial Officer and Treasurer Accepted: Merchant Factors Corp. By: /S/ Walter Kaye /S/ Walter Kaye President
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