Alternative Technology Resources Inc – ‘10KSB’ for 6/30/96 – EX-10

As of:  Monday, 9/30/96   ·   For:  6/30/96   ·   Accession #:  1001277-96-34   ·   File #:  0-20468

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Annual Report — Small Business   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB       Form 10-Ksb for 3Net Systems Inc.                     49±   261K 
 2: EX-3        Articles of Incorporation/Organization or By-Laws      2±    10K 
 3: EX-3        Articles of Incorporation/Organization or By-Laws      2±     9K 
 4: EX-10       Material Contract                                      7±    29K 
 5: EX-10       Material Contract                                      2±    11K 
 6: EX-10       Material Contract                                      2±    12K 
 7: EX-10       Material Contract                                      2±    12K 
 8: EX-10       Material Contract                                     27±    99K 
 9: EX-10       Material Contract                                      4±    18K 
10: EX-23       Consent of Experts or Counsel                          1      7K 
11: EX-27       Financial Data Schedule (Pre-XBRL)                     1     10K 

EX-10   —   Material Contract
Exhibit Table of Contents

EXHIBIT 10.43       

Bank of America                              Amendment to Documents             

AMENDMENT NO. 6 TO BUSINESS LOAN AGREEMENT  

This Amendment No. 6 (the "Amendment") dated as of June 12, 1996 is   
between Bank of America National Trust and Savings Association (the             
"Bank") and 3Net Systems, Inc. (the "Borrower").                                

RECITALS

  A.    The Bank and the Borrower entered into a certain Business Loan
Agreement dated as of February 28, 1994, as previously amended (the             
"Agreement").                                                                   

    B.    The Bank and the Borrower desire to further amend the Agreement.

AGREEMENT 

1.    DEFINITIONS.  Capitalized terms used but not defined in the 
Amendment shall have the meaning given to them in the Agreement.                

2.    AMENDMENTS.  The Agreement is hereby amended as follows:    

          2.1  In Paragraph 1.2, the date "January 1, 1997" is substituted
for the date "July 1, 1996."                                                    

            2.2  Paragraph 8.14 is amended to read in its entirety as follows:

               8.14 GUARANTOR COVENANT.  James W. Cameron, Jr. ("JWC")
    fails to comply with the following covenant:

               (A)  LIQUIDITY.  To maintain unemcumbered liquid assets
                 equal to at least three times the aggregate amount of all
                  direct and contingent non-real estate secured indebtedness
                 of JWC and all non-real estate secured indebtedness which
              JWC has guaranteed, including but not limited to JWC's
                 obligation under this Agreement.  One third of the amount
                 of liquid assets must consist of cash, money market funds
             acceptable to the Bank, and marketable securities (as
           described in subparagraphs (ii) through (v) below).

          "Liquid assets" means the following assets of JWC:

(i)  cash and certificates of deposit;  

             (ii) U.S. treasury bills and other obligations of the
federal government;             

                 (iii) readily marketable securities (including commercial
                       paper, but excluding restricted stock and stock subject
                   to the provisions of Rule 144 of the Securities and
                   Exchange Commission) rated at least A by Standard &
                       Poor's Ratings Group or at least A by Moody's Investors
Service;                        

                   (iv) bankers' acceptances issued by financial institutions;

          (v) repurchase agreements covering U.S. government
securities;                     

                  (vi) other readily marketable securities acceptable to the
Bank.                           

              Within 30 days of each calendar quarter end, JWC shall
                provide to the Bank copies of statements from depository
          institutions or brokerage firms, or other evidence
               acceptable to the Bank of JWC's liquid assets.  If more
                   than 25% of the value of JWC's liquid assets is represented
                  by margin stock, the Borrower will provide the Bank a Form
                 U-1 Purpose Statement, and the Bank and the Borrower will
                   comply with the restrictions imposed by Regulation U of the
             Federal Reserve, which may require a reduction in the
  amount of credit provided to the Borrower.

      3.    EFFECT OF AMENDMENT.  Except as provided in this Amendment, all of
the terms and conditions of the Agreement shall remain in full force and        
effect.                                                                         

           This Amendment is executed as of the date stated at the beginning
of this Amendment.                                                              

BANK OF AMERICA                                                                 
National Trust and Savings Association       3NET SYSTEMS, INC.                 

X   BETH LEONARD, VICE PRESIDENT             X JAMES W. CAMERON, JR.            
BY:  BETH LEONARD, VICE PRESIDENT            BY:                                

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10KSB’ Filing		Date		Other Filings
		1/1/97
Filed on:		9/30/96		10QSB
		7/1/96
For Period End:		6/30/96
		6/12/96
		2/28/94
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