Amendment to Schedule of Master Security Agreement between General Electric Capital Corporation and The Sagemark Companies, LTD. (October 15, 2007)
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Summary
This amendment updates the payment schedule and term of a Master Security Agreement between General Electric Capital Corporation and The Sagemark Companies, LTD. The term is extended from 72 to 75 months, and the monthly installment amounts and timing are revised. All other terms of the original agreement remain unchanged. The amendment is signed by authorized representatives of both parties.
EX-10.7 9 v091810_ex10-7.htm
EXHIBIT 10.7
 | GE Healthcare Financial Services |
AMENDMENT TO SCHEDULE DATED AS OF 03/20/2007
TO MASTER SECURITY AGREEMENT DATED AS OF 08/29/2005
INTERNAL CONTRACT REFERENCE NUMBER 8545088-002
This is an Amendment dated as of 10/15/2007 to the Schedule and Master Security Agreement referenced above between General Electric Capital Corporation (“Secured Party”) and The Sagemark Companies, LTD. (“Debtor’).
The Term of Schedule and Monthly Installment Sections are hereby amended as follows:
Original - Term Of Schedule: 72 Months
Amended - Term of Schedule: 75 Months
Original - Monthly Installment: 5 Months @ $0.00, 6 Months @ $19,000.00, 1 Month @ $41,460.07, 60 Months @ $55,968.40; plus applicable taxes
Amended - Monthly Installment: 5 Months @ $0.00, 3 Months @ $15,676.06 (Monthly Interest Payment), 6 Months @ $19,000.00, 61 Months @ $41,460.07; 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.
| Secured Party: | Debtor: |
| 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 |
