Pledge Amendment to Pledge Agreement between River Hills Wilsons, Inc. and General Electric Capital Corporation

Contract Categories: Business Finance › Pledge Agreements
Summary

River Hills Wilsons, Inc. has signed this amendment to its existing Pledge Agreement with General Electric Capital Corporation, acting individually and as Agent for the Lenders. The amendment, dated October 31, 2000, adds 100 shares of WWT, Inc. common stock to the collateral securing the company's obligations under the original agreement. This means the newly listed shares are now pledged as security for the company's debts or obligations covered by the original Pledge Agreement.

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EX-10.5 6 0006.txt PLEDGE AMENDMENT Exhibit 10.5 PLEDGE AMENDMENT ---------------- This Pledge Amendment dated October 31, 2000 is delivered pursuant to SECTION 6(D) of the Pledge Agreement referred to below. The undersigned hereby agrees that this Pledge Amendment may be attached to that certain Pledge Agreement dated May 25, 1996 by the undersigned, as Pledgor, to General Electric Capital Corporation, individually and as Agent for the Lenders, and that the Pledged Shares listed on this Pledge Amendment shall be and become a part of the Pledged Collateral referred to in said Pledge Agreement and shall secure all Secured Obligations referred to in said Pledge Agreement.
- ----------------------------- -------------------------------------- ------------- -------------- ---------- NAME AND CLASS CERTIFICATE NUMBER ADDRESS OF PLEDGOR ISSUER OF STOCK NUMBER(S) OF SHARES - ----------------------------- -------------------------------------- ------------- -------------- ---------- River Hills Wilsons, Inc. WWT, Inc. Common No. 1 100 7401 Boone Avenue North, Brooklyn Park, MN 55428 - ----------------------------- -------------------------------------- ------------- -------------- ----------
RIVER HILLS WILSONS, INC. By: /s/ DANIEL R. THORSON ------------------------------------- Name: DANIEL R. THORSON ----------------------------------- Title: TREASURER ---------------------------------- 1