AMENDEDAND RESTATED COMMERCIALFINANCING AGREEMENT

EX-10.6 7 p0352_ex10-6.htm AMENDED AND RESTATED COMMERCIAL FINANCING AGREEMENT EXHIBIT 10.6
 
Exhibit 10.6
 
AMENDED AND RESTATED
COMMERCIAL FINANCING AGREEMENT
 
The Commercial Financing Agreement (the "Agreement") made on the 9th day of March, 2009, between LUMEA, INC., a Nevada corporation, known or trading as LUMEA STAFFING OF CA, INC., a Nevada corporation, LUMEA STAFFING, INC.., a Nevada corporation, and LUMEA STAFFING OF IL, INC., an Illinois corporation, with a primary business location at 7430 E. Butherus Dr., Suite D, Scottsdale, AZ 85260 with additional business locations as reflected on attached Exhibit “I” (jointly, individually, severally and collectively hereinafter referred to as “the "Company"), and PORTER CAPITAL CORPORATION, an Alabama corporation with offices for the transaction of business located at 292 Madison Ave, NY, NY, 10017; 38-A Grove Street – Second Floor, Ridgefield, CT 06877 and 2112 First Avenue North, Birmingham, Alabama 35203 ("Porter Capital"). All other terms between Company and Porter Capital remain the same and shall be legally bound to the amended terms as follows:
 
Line of Credit
 
The portion up to $500,000 of the line of credit for the Company shall be available for JG Staffing, Inc.
 
Additional Collateral
 
This line of credit shall be cross collateralized with the line of credit to JG Staffing, Inc. along with all exhibits and attachments.
 
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.
 
 
 
 
 
LUMEA, INC.,
DBA LUMEA STAFFING OF CA, INC., LUMEA STAFFING, INC. AND LUMEA STAFFING OF IL, INC
 
           
 
  
 
By:
/s/ Edmond L. Lonergan  
        President, a duly authorized officer  
 
 
 
 
LUMEA, INC.,
DBA LUMEA STAFFING OF CA, INC., LUMEA STAFFING, INC. AND LUMEA STAFFING OF IL, INC
 
           
 
  
 
By:
/s/ James C. Marshall  
        CFO, a duly authorized officer  
 

 
 
State of _______________      
County of __________________      
 
I, the undersigned notary public in and for said county and state, hereby certify that Edmond L. Lonergan whose names as President of the LUMEA, INC. DBA LUMEA STAFFING OF CA, INC., LUMEA STAFFING, INC. AND LUMEA STAFFING OF IL, INC., a corporation, is signed to the foregoing instrument and who are known to me and acknowledged before me on this day that being informed of the contents of the instrument, they, as such officer and with authority, executed the same voluntarily.
 
Given under my hand and official seal this the _______ day of March, 2009.
 
       
(Seal)
     
    Notary Public  
    My Commission Expires:  ________________  
       
 
 
State of _______________      
County of __________________      
 
I, the undersigned notary public in and for said county and state, hereby certify that James C. Marshall whose names as CFO of the LUMEA, INC. DBA LUMEA STAFFING OF CA, INC., LUMEA STAFFING, INC. AND LUMEA STAFFING OF IL, INC., a corporation, is signed to the foregoing instrument and who are known to me and acknowledged before me on this day that being informed of the contents of the instrument, they, as such officer and with authority, executed the same voluntarily.
 
Given under my hand and official seal this the _______ day of March, 2009.
 
       
(Seal)
     
    Notary Public  
    My Commission Expires:  ________________  
       
 
 
 
 
PORTER CAPITAL CORPORATION
 
           
 
  
 
By:
/s/ Ron Williamson  
        Ron Williamson, a duly authorized officer  
 
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