Extension Notice to Loan and Security Agreement between Intervisual Books, Inc. and Zindart Limited

Contract Categories: Business Finance › Modification Agreements
Summary

Intervisual Books, Inc. notifies Zindart Limited that it is extending the committed revolving credit line under their existing Loan and Security Agreement, originally dated May 13, 1999. The extension continues the availability of up to $2,300,000 until May 13, 2001. This notice is issued in accordance with the terms of the original agreement and confirms the new expiration date for the credit facility.

Read More Arrow
EX-10.2 4 f79040ex10-2.txt EXHIBIT 10.2 EXHIBIT 10.2 [INTERVISUAL LETTERHEAD] Via: Overnight mail and Fax: 011 ###-###-####-7066 March 29, 2000 Zindart Limited Flat C&D, 25/F., Block 1 Taiping Industrial Centre 57 Ting Kok Road Tai Po, N. T. Hong Kong Attn: Feather S. Y. Fok Re: EXTENSION NOTICE. Dear Feather: Please consider this notice that as per Section 2.6 of the Loan and Security Agreement dated as of May 13, 1999, Intervisual Books, Inc. hereby extends the committed revolving line until May 13, 2001 in the amount of $2,300,000. Sincerely, /s/ DAN REAVIS Dan Reavis Executive VP/CFO cc: ChinaVest Stephen Cooke, Paul Hastings, Janosfsky & Walker LLP