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Receivables Transfer Agreement Amendments

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Sectors: Computer Hardware
Governing Law: New York, View New York State Laws
Effective Date: September 15, 1995
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THIS FIRST AMENDMENT TO RECEIVABLES TRANSFER AGREEMENT, dated as of September 15, 1995 (this "Amendment"), is among Alco Capital Resource, Inc.
--------- ("Transferor"), Twin Towers Inc. ("Transferee"), and Deutsche Bank AG, New York - ------------ ---------- Branch, as agent for Transferee (the "Agent").


1. Transferor, Transferee, and the Agent entered into a Receivables Transfer Agreement, dated as of September 23, 1994 (the "Transfer Agreement").

2. The parties hereto desire to amend the Transfer Agreement in order to extend the Scheduled Commitment Termination Date (as defined in the Transfer Agreement) and in certain other respects as set forth herein.

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1. Definitions. Capitalized terms used in this Amendment and not
----------- otherwise defined herein shall have the meanings assigned thereto in the Transfer Agreement.

SECTION 2. Scheduled Commitment Termination Date. The Scheduled
------------------------------------- Commitment Termination Date is hereby extended to March 18, 1996.

SECTION 3. Dealer. Schedule A-1 to the Transfer Agreement is hereby
------ amended by deleting the following dealer:

Remco Business Products, Inc.
9150 Clairemont Mesa Boulevard
San Diego, California 92123

SECTION 4. Representations and Warranties. Transferor hereby represents
------------------------------ and warrants that the representations and warranties set forth in Section 6.01
------------ of the Transfer Agreement are true and correct as of the date hereof, after giving effect to the Amendment, as though made on and as of the date hereof (and such representations and warranties shall be deemed to have been made on the date hereof), except that the date in Section 6.01(i) shall be deemed to be September 30, 1994 and that no Termination Event or Unmatured Termination Event has occurred and is continuing.

SECTION 5. Miscellaneous. The Transfer Agreement, as amended hereby,
------------- remains in full force and effect. Any reference to the Transfer Agreement from and after the date hereof shall be deemed to refer to the Transfer Agreement as amended hereby, unless otherwise expressly stated. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. This Amendment may be executed in any number of counterparts and by the different parties hereby in separate counterparts, each of which when s
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