Questech Inc Watch

from 10-Q 1 page September 28, 1995 Joseph P. O'connell, Jr. Questech, Inc. 7600-A Leesburg Pike Falls Church, Virginia 22043 Re: Loan and Security Agreement Dated as of July 15, 1991 Amendment No. 12 Gentlemen: Reference Is Made to the Loan and Security Agreement by and Among Questech, Inc. and Questech Service Company, (The "Borrowers") and Signet Bank/Virginia (The "Lender") Dated July 15, 1991 (The "Loan Agreement"). Terms Defined in the Loan Agreement Shall Have the Same Defined Meanings When Used Herein. the Definition of the Term Listed Below, as Found in Section 1 of the Loan Agreement, Is Hereby Amended in Full to Read as Follows: "Termination Date" Means December 31, 1995, and Any Extension or Extensions Thereof Granted by the Lender in Its Sole Discretion. Section 6.8 of the Loan Agreement Is Hereby Amended in Full to Read as Follows: 6.8 Loans. Make, or Permit Any Subsidiary to Make, Any Loan or Advance to Any Person Except for Loans to Employees, Officers or Directors of the Borrower or Any Subsidiary Not Exceeding $50,000.00 in the Aggregate at Any Time Outstanding, and Travel Advances Necessary for the Performance Under Certain of the Borrowers' Contracts, Not Exceeding $180,000.00 in the Aggregate at Any Time Outstanding. Except as Amended Hereby, All Other Terms and Conditions of the Loan Agreement Are Ratified and Confirmed in All Respects. Please Acknowledge Your Acceptance of the Above Terms and Modifications by Signing Below and Returning the Original of This Letter to My Attention. Sincerely, Signet Bank/Virginia William A. Nalls Senior Vice President Acknowledged and Accepted This Day of , 1995. Questech, Inc. Questech Service Company By: By

from 10-Q 1 page August 31, 1995 Questech, Inc. 7600-A Leesburg Pike Falls Church, Virginia 22043 Attention: Joseph P. O'connell, Jr., Chief Financial Officer Re: Loan and Security Agreement Dated as of July 15, 1991 Amendment No. 11 Gentlemen: Reference Is Made to the Loan and Security Agreement by and Among Questech, Inc. and Questech Service Company, (The "Borrowers") and Signet Bank/Virginia (The "Lender") Dated July 15, 1991 (The "Loan Agreement"). Terms Defined in the Loan Agreement Shall Have the Same Defined Meanings When Used Herein. the Definition of the Term Listed Below, as Found in Section 1 of the Loan Agreement, Is Hereby Amended in Full to Read as Follows: "Termination Date" Means September 30, 1995, and Any Extension or Extensions Thereof Granted by the Lender in Its Sole Discretion. Except as Amended Hereby, All Other Terms and Conditions of the Loan Agreement Are Ratified and Confirmed in All Respects. Please Acknowledge Your Acceptance of the Above Terms and Modifications by Signing and Returning the Enclosed Copy of This Letter to My Attention. Sincerely, Signet Bank/Virginia Loriana Cipolletti Vice President Acknowledged and Accepted This Day of , 1995. Questech, Inc. Questech Service Company By: By