Amendment to Master Lease Agreement Schedule between General Electric Capital Corporation and The Sagemark Companies, LTD.

Summary

This amendment updates the terms of a lease agreement between General Electric Capital Corporation (Lessor) and The Sagemark Companies, LTD. (Lessee). The lease term is extended from 84 to 87 months, and the monthly payment schedule is revised to include new payment amounts and periods. All other terms of the original agreement remain unchanged. The amendment is effective as of October 15, 2007, and is signed by authorized representatives of both parties.

EX-10.3 5 v091810_ex10-3.htm

EXHIBIT 10.3

GE Healthcare Financial Services

AMENDMENT TO SCHEDULE DATED AS OF 08/29/2005

TO MASTER LEASE AGREEMENT DATED AS OF 6/24/2003

INTERNAL CONTRACT REFERENCE NUMBER 8539077

This is an Amendment dated as of 10/15/2007 to the Schedule and Master Lease Agreement referenced above between General Electric Capital Corporation (“Lessor”) and The Sagemark Companies, LTD. (“Lessee’).

The Term of Schedule and Monthly Installment Sections are hereby amended as follows:

Original - Term Of Schedule: 84 Months

Amended - Term of Schedule: 87 Months

Original - Monthly Installment: 5 Months @ $0.00, 6 Months @ $17,000.00, 73 Months @ $34,446.40; plus applicable taxes

Amended - Monthly Installment: 5 Months @ $0.00, 6 Months @ $17,000.00, 8 Months @ $34,446.40, 3 Months @ $12,984.30 (interest only), 65 Months @ $34,446.40; plus applicable taxes

EXCEPT AS PROVIDED IN THIS AMENDMENT, ALL OTHER TERMS AND CONDITIONS OF THE ABOVE REFERENCED SCHEDULE REMAIN IN FULL FORCE AND EFFECT AS ORIGINALLY WRITTEN.

Lessor:	Lessee:

General Electric Capital Corporation	The Sagemark Companies, LTD.

By: /s/ David Handke	By: /s/ George W. Mahoney

Print Name: David Handke	Print Name: George W. Mahoney

Title: Duly Authorized Signatory	Title: Chief Financial Officer