Document:

EXHIBIT 10(b)
	
      NASD
REGULATION
An NASD Company

      June 12, 2001

      

      Ms. Debbie Potash - Turner
SunAmerica Capital Services, Inc.
733 Third
      Avenue, 3rd Floor
New York, New York
      10017-3204

 

	
      Re:
	
      Subordinated Loan Agreement

	
       
	
      Extension of Maturity Date

	
      Type:
	
      Equity

	
      Control #:
	
      10-E-SLA-10761

	
      Lender:
	
      SunAmerica Inc.

	
      Current Maturity Date:
	
      July 30, 2002

 

	
      Dear Ms. Potash - Turner:

      

      The amendment extending the maturity date of the above
      referenced agreement from July 30, 2002 to July 30, 2003 is accepted by
      the National Association of Securities Dealers, Inc.

      

      It is important to note that the limitations required by
      paragraph I, which covers Permissive Prepayments, will run from the
      effective date of the original agreement, not from the date of this
      amendment.

      

      If you have any questions regarding this Agreement or our
      acceptance thereof, please contact this office.

      

      Very truly yours,

      

      

      /s/ Gerald Dougherty

      

      Gerald Dougherty
Assistant
      Director

      GD: jr

      

      Cc: Patricia MacGeorge

       

      NASD Regulation, Inc.,  District 10 One
      Liberty Plaza,  New York, NY 10006  (212) 858 - 4000

       

	
      

    

 

	
      NASD
SUBORDINATED AGREEMENT
AMENDMENT EXTENDING
      MATURITY DATE

      SL-A

      AGREEMENT
BETWEEN:

       

      Lender: SunAmerica
      Inc.

      1 SunAmerica Center, 1999
      Avenue of the Stars, 38th
      Floor
(Street Address)

      
Los Angeles
                   
         California
                 
         90067-6002
(City)             
                
      (State)          
                 (Zip)

      AND

      Broker-Dealer: SunAmerica Capital
      Services, Inc.

      
733 Third Avenue, 3rd
      Floor
(Street Address)

      
New
      York               
       New
      York                   
      10017
   (City)         
                 
        (State)           
                (Zip)

       

      NASD ID Number: 13158
DATE FILED:
      June 28, 2001

      JUL 0 2 2001        

 

	-1-
      

    

 

	
      

      SUBORDINATED LOAN
      AGREEMENT
AMENDMENT EXTENDING THE MATURITY
      DATE

                This
      Amendment No. 2 of that certain NASD Subordinated Loan
      Agreement for Equity Capital SL-5 by and between SunAmerica Inc. (the
      "Lender") and SunAmerica Capital Services, Inc. (the "Broker-Dealer")
      effective as of June 30, 1998 ("Subordinated Loan Agreement") and amendment
      thereto dated as of May 22, 2000 ("Amendment No. 1") is dated as of June
      5, 2001 ("Amendment No. 2").

                In
      consideration of the sum of $3,500,000 (the unpaid
      principal amount) and subject to the terms and conditions set forth in the
      Subordinated Loan Agreement approved by the National Association of
      Securities Dealers, Inc. ("NASD"), as amended by Amendment No. 1,
      scheduled to mature on July 30, 2002 bearing 
      Loan Number 10-E-SLA-10761, the Broker-Dealer and the
      Lender agree to extend the maturity date until July 30, 2003. This
      Amendment No. 2 shall not become effective unless and until the NASD has
      found Amendment No. 2 acceptable.

                The
      interest rate set forth in the Subordinated Loan Agreement, as amended
      by Amendment No. 1, is changed from 9.5% to 7.0% per annum effective as of
      July 31, 2002.

       

       

      (The signature page
      follows.)

       

 

	-2-
      

    

 

	
      

                IN WITNESS
      WHEREOF the parties have set their hands and seal this 5th day of June,
      2001.

 

	
      BROKER-DEALER:        
         
                                                                                  
       SUNAMERICA CAPITAL SERVICES, INC.

      

      [Seal]                                                                   
      

                                                                                                                    
      

                                                                                                                             
      By: /s/ Debbie Potash
      Turner
                                                                                                                             
             Name: Debbie Potash
      Turner
                                                                                                                             

             Title: Chief Financial Officer

       

        

      LENDER:       
                                                                                               
                  SUNAMERICA
      INC.

      [Seal]                                                                                                                       
      

                                 
                                                                                                                            
        By: /s/ James R.
      Belardi
                                                                                                                             
              Name: James R.
      Belardi
                                                                                                                            
               Title: Executive Vice President

                                                                                                    
      FOR NASD USE ONLY 

                                                                                                  
      
                                                                                             
      ACCEPTED BY:      /s/ Gerald
      Dougherty
                                                                                                                                             
      (Name)

                                                                                                                                     
      Assistant
      Director
                                                                                                                                            
       (Title)

       

                             
                 
                                                             
         EFFECTIVE DATE:  JUL 30 2002

       

                             
                 
                                                               
       LOAN NUMBER: 
10-E-SLA-10761

 

	-3-
      

      

 

	
      

      SUBORDINATED LOAN
      AGREEMENT
LENDER'S ATTESTATION

       

                   
      It is recommended that you discuss the merits of this investment with an
      attorney, accountant or some other person who has knowledge and experience
      in financial and business matters prior to executing this
      Agreement.

       

	
       
	
      1.  
	
      I have received and reviewed a copy of Appendix
      D of 17 CFR 240.15c3-l, and am familiar with its provisions.

	
       
	
      2.
	
      I am aware that the funds or securities subject
      to this Agreement are not covered by the Securities Investor Protection
      Act of 1970.

	
       
	
      3.
	
      I understand that I will be furnished financial
      statements pursuant to SEC Rule 17a-5(c).

	
       
	
      4.
	
      On the date this Agreement was entered into,
      the broker-dealer carried funds or securities for my account. (State Yes
      or No): No.

	
       
	
      5.
	
      Lender's business relationship to the
      broker-dealer is: Lender is an intermediate holding company of
      Broker-Dealer and continuously monitors fiscal status and reports of
      Broker-Dealer.

	
       
	
      6.
	If the partner or stockholder is not actively
      engaged in the business of the broker-dealer, acknowledge receipt of the
      following:

	
       
	
       
	
      a.
	
      Certified audit and accountant's certificate
      dated ___________.

	
       
	
       
	
      b. 
	
      Disclosure of financial and/or operational
      problems since the last  certified audit which required
      reporting pursuant to SEC Rule 17a-11.  (If no such reporting
      was required, state "none") _______________________.

	
       
	
       
	
      c.
	
      Balance sheet and statement of ownership equity
      dated _____________.

	
       
	
       
	
      d. 
	
      Most recent computation of net capital and
      aggregate indebtedness or aggregate debit items dated ______________
      reflecting a net capital of  $___________ and ratio of
      ___________.

	
       
	
       
	
      e. 
	
      Debt/equity as of _____________ of
      ____________.

	
       
	 	
       
	 

 

	-1-
      

    

 

	
        
	
       
	
      f. 
	Other disclosures: 
      ______________________ .
       

	
       
	 	
       
	 

	
      Dated: June 5, 2001 
                                                                                               
      SUNAMERICA INC. 
      (Lender)

          
      [Seal]
                                                                                                                              By:
      /s/ James R.
      Belardi                                                                          
                                                                                                                           
               Name: James R.
      Belardi
                                                                                                                             
             Title: Executive Vice President

 

	-2-
      

    

 

	
      OFFICER'S
      CERTIFICATE

                 I,
      James R. Belardi, Executive Vice President of SunAmerica Inc., a Delaware
      corporation (this "Corporation"), do hereby certify that the
      $3,500,000 subordinated loan made by this Corporation to
      SunAmerica Capital Services, Inc., amended to mature on July 30, 2003,
      does not cause the aggregate principal amount of all outstanding loans
      made by this Corporation to its broker-dealer subsidiaries to exceed $75
      million.

       

      Dated: June 5, 2001 
                                                                                                 /s/
      James R.
      Belardi
                                                                                                                        
            James R. Belardi, Executive Vice
      President 
                        [Seal]                                                                                            
      

      
 

 

	 
      

    

 

	
      

      SUNAMERICA INC.

      CERTIFICATE OF ASSISTANT
      SECRETARY 

           I, the undersigned, the duly
      elected, qualified and acting Assistant Secretary of SunAmerica Inc., a
      Delaware corporation (the "Corporation"), do hereby certify that the
      following resolutions were adopted by unanimous written consent by the
      Executive Committee of the Board of Directors of the Corporation on the
      16th day of March 2000, and that said resolutions are in full force and
      effect as of the date hereof: 

      Blanket Authorization of
      Subordinated Loan Agreements for Equity
  Capital

	
      
          WHEREAS,
      this Corporation, from time to time, reviews the net capital infusion
      needs of its wholly-owned broker-dealer subsidiaries, registered with the
      Securities and Exchange Commission and members of the National Association
      of Securities Dealers, Inc., which include, but not limited to, SunAmerica
      Capital Services, Inc., Advantage Capital Corporation, SunAmerica
      Securities, Inc., Royal Alliance Associates, Inc., Sentra Securities
      Corporation, Spelman & Co., Inc. and FSC Securities Corporation, and
      in conjunction with such review intends to provide subordinated loans to
      such subsidiaries pursuant to Subordinated Loan Agreements for Equity
      Capital; 

               
      WHEREAS, it is in the best interests of this Corporation to provide
      blanket authorization for such subordinated loan transactions, which
      authorization shall supercede any prior authorization; 

               
      NOW, THEREFORE, BE IT RESOLVED that the Chairman, any Vice Chairman, any
      Executive Vice President, or the Treasurer (the "Designated Officers"),
      acting alone, be, and each hereby is authorized to effect subordinated
      loans to the wholly-owned broker-dealer subsidiaries of the Corporation,
      in an aggregate principal amount not to exceed Seventy-five Million
      Dollars ($75,000,000), and such authority shall supercede any prior
      authorization; and to make, execute and deliver such loan agreements and
      other documents evidencing such loans, including any Subordinated Loan
      Agreement for Equity Capital, as deemed necessary or
      appropriate; 

               
      RESOLVED FURTHER that each of the Designated Officers are hereby
      authorized to make such changes in the terms and conditions of such
      Subordinated Loan Agreements as may be necessary to conform to the
      requirements of Title 17 CFR §240.15c 3-1d and the rules of the National
      Association of Securities Dealers;
and 

 

	 
      

      

 

	
               
      RESOLVED FURTHER that the Executive Committee hereby ratifies any and all
      action that may have been taken by the officers of this Corporation in
      connection with the foregoing resolutions and authorizes the officers of
      this Corporation to take any and all such further actions as may be deemed
      appropriate to reflect these resolutions and to carry out their tenor,
      effect and intent. 

                IN
      WITNESS WHEREOF, the undersigned has executed this Certificate and affixed
      the seal of the Corporation this 15th day of June, 2001. 

                                                                                                             
            /s/ Lawrence M.
      Goldman
                                                                                                             
      Lawrence M. Goldman
                                                                                                              Assistant
      Secretary

       

      (Corporate Seal)June 30, 2001

Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
700  Louisiana,  Suite  2510
Houston,  Texas  77002

Re:     ELEVENTH AMENDMENT TO  LOAN AGREEMENT (Eleventh Amendment) dated as of
        June 30, 2001, by and between Southwest Bank of Texas N.A. and Rampart
        Services  Corporation,  L.L.C.,  et. al.
                                         -------

Gentlemen:

     This  Eleventh  Amendment  is  made  and  entered into as of the date above
between SOUTHWEST BANK OF TEXAS N.A. ("Bank") and Borrower (hereinafter defined)
                                       ----
to  evidence  the  parties'  agreement  to  modify  and  amend the existing Loan
Agreement,  as  last  amended  by  the  Tenth  Amendment to Loan Agreement dated
effective  as  of March 30, 2001 (all capitalized terms which are defined in the
Loan Agreement, as amended, shall have the same meaning herein, unless expressly
modified  hereby).

     Borrower has requested that the Loan Agreement be modified and the Bank has
agreed  to  such  modifications upon the terms set forth herein.  For sufficient
consideration,  the  parties hereby agree that the Loan Agreement is modified to
the  extent  required  to accomplish the intent of the specific modifications of
this  Tenth  Amendment.

     The  term  "Borrower"  is hereby defined to include the following entities,
jointly  and  severally,  RAMPART  SERVICES CORPORATION, L.L.C., a Texas limited
liability  company  ("RSC");  RAMPART  CAPITAL CORPORATION, a Texas corporation;
                      ---
RAMPART VENTURES CORPORATION, L.L.C., a Texas limited liability company; RAMPART
ACQUISITION  CORPORATION,  L.L.C.,  a  Texas  limited liability company; RAMPART
PROPERTIES,  L.L.C.,  a Nevada limited liability company; IGBAF, L.L.C., a Texas
limited  liability  company;  IGBF,  L.L.C.,  a Texas limited liability company;
NEWPORT  FUND,  ,  L.L.C.,  an  Oklahoma  limited liability company; LEISSNER'S,
INC.,  a Texas corporation; RAMPART NEWPORT CORPORATION, L.L.C., a Texas limited
liability  company;  SOURCEONE CAPITAL GROUP, L.L.C., a Nevada limited liability
company;  and  RAMPART  ALLIANCE  CORPORATION,  a  Texas  corporation; provided,
however,  as  to  filings  with  the  Bank  and compliance issues under the Loan
Agreement,  RSC  shall be the entity primarily responsible for confirming to the
Bank  all compliance matters under the Loan Agreement unless otherwise agreed to
in  writing  by  the  Bank.
     This  Eleventh  Amendment  modifies  the  Loan  Agreement to accomplish the
following:

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
June  30,  2001
Page  2

     1.   Borrower  agrees  to  pay  the  Bank an up-front facilities fee in the
          amount  of  $7,500.00  upon  execution  of  this  Eleventh  Amendment;

     2.   The  term  "Note"  shall  be that certain promissory note of even date
          herewith from Borrower to the Bank in the face amount of $3,000,000.00
          due  and  payable  on  or  before December 31, 2001, which Note amount
          represents  a  reduction  in  the  commitment  of  the  Bank  from
          $5,000,000.00  to  a  maximum  of  $3,000,000.00;

     3.   The Borrower will not permit its tangible net worth (on a consolidated
          basis)  to  be less than $9,400,000 at any time after the date hereof.
          As  used  herein, "tangible net worth" shall mean the sum of preferred
          stock  (if  any),  par value of common stock, capital in excess of par
          value of common stock, cost in excess of net assets acquired, deferred
          development  costs  and all other assets as are properly classified as
          intangible  assets;

     4.   The  Borrower  shall maintain on a consolidated basis a ratio of Total
          Liabilities  to  Tangible  Net  Worth not exceeding 2.50:1.00. As used
          "Total  Liabilities"  means  the  sum of current liabilities plus long
          term  liabilities,  excluding  any  deferred  income  taxes;  and

     5.   The  Borrower  shall  maintain  on  a  consolidated  basis  a ratio of
          Adjusted  Total  Liabilities  to  Tangible  Net  Worth  not  exceeding
          1.20:1.00.  As  used  "Adjusted  Total  Liabilities"  means  Total
          Liabilities  excluding  "High  Yield  Lending  Program" notes payable.

     To  the  extent that the terms and provisions of the Loan Agreement require
modification to accomplish the specific terms set forth above, the parties agree
that  they  shall  cooperate  to permit advances upon the terms set forth above.

     The  representations  and  warranties  of  Borrower  contained  in the Loan
Agreement and the other Security Instruments and otherwise made in writing by or
on  behalf of the Borrower pursuant to the Loan Agreement and the other Security
Instruments  were  true  and  correct when made, and are true and correct in all
material  respects at and as of the time of delivery of this Eleventh Amendment.

     Borrower has performed and complied with all Loan Agreements and conditions
contained  in  the  Loan  Agreement  and the Security Instruments required to be

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et  al.
                                          -------
June  30,  2001
Page  3

performed  or  complied  with by Borrower prior to or at the time of delivery of
this  Eleventh  Amendment.

     There  exists,  and  after  giving  effect  to this Eleventh Amendment will
exist,  no  default  or  Event  of  Default,  or  any  condition,  or  act which
constitutes, or with notice or lapse of time (or both) would constitute an Event
of Default under any loan agreement, note agreement, or trust indenture to which
the  Borrower  is a party, including without limitation, the Loan Agreement, the
Note  and  the  Security  Instruments,  to  the knowledge of the parties hereto.

     Nothing  in  this  Eleventh  Amendment  is  intended  to  amend  any of the
representations  or  warranties  contained  in  the  Loan  Agreement.

     Borrower  represents  that this is a commercial, business and/or investment
transaction  and that the proceeds of the Note have not and will not be used for
personal,  family,  household  or residential purposes; that all disclosures, if
any,  required  by  law  have  been  received by Borrower prior to the execution
hereof;  and  requests that Bank rely upon this representation, and the Bank has
relied  upon  the  representations  and  warranties  contained  in this Eleventh
Amendment  in  agreeing  to the amendments and supplements to the Loan Agreement
set  forth  herein.

     Except  as  otherwise  expressly  provided  herein, the Loan Agreement, the
Security Instruments, the Note and the other instruments and agreements referred
to  therein  are  not  amended, modified or affected by this Eleventh Amendment.
Except  as  expressly set forth herein, all of the terms, conditions, covenants,
representations,  warranties  and all other provisions of the Loan Agreement are
herein  ratified  and  confirmed  and  shall  remain  in  full force and effect.

     On  and  after the date on which this Eleventh Amendment becomes effective,
the  terms,  "this Loan Agreement," "hereof," "herein," "hereunder" and terms of
like  import,  when used herein or in the Loan Agreement shall, except where the
context  otherwise  requires,  refer  to  the Loan Agreement, as amended by this
Eleventh  Amendment.

     This Eleventh Amendment may be executed in two or more counterparts, and it
shall not be necessary that the signatures of all parties hereto be contained on
any  one  counterpart  hereof; each counterpart shall be deemed an original, but
all  of  which  together  shall  constitute  one  and  the  same  instrument.

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
June  30,  2001
Page  4

     It  is  understood  between  the parties hereto that Borrower shall provide
Bank,  at  Borrower's  expense,  all  other  reports,  further  agreements  and
instruments,  title  policies,  surveys,  and  other documentation as reasonably
requested  during  the term of the Note, so as to preserve, protect and perfect,
or  maintain  the  perfection,  of all liens created by the instruments securing
payment  of the Note or other required documentation so that Bank shall have all
documentation necessary to comply with Bank's internal lending policies and that
documentation  required  by  any  applicable  regulatory  agency/authority.

     All  notices  to  Borrower  shall  be  sent to the address set forth above.

     All  the  parties  executing  this Eleventh Amendment on behalf of Borrower
represent  that  the  representations and statements in the respective Officer's
Certificates furnished to the Bank for the Tenth Amendment are in full force and
effect  through the date hereof and are by this reference restated and confirmed
in  full  as  though  set  forth  in  full  herein  by the undersigned officers.

     NOTICE TO OBLIGORS:  THIS DOCUMENT AND ALL OTHER DOCUMENTS RELATING TO THIS
     ------------------
LOAN  CONSTITUTE  A  WRITTEN LOAN AGREEMENT WHICH REPRESENTS THE FINAL AGREEMENT
BETWEEN  THE  PARTIES  AND  MAY  NOT  BE  CONTRADICTED  BY  EVIDENCE  OF  PRIOR,
CONTEMPORANEOUS,  OR  SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.  THERE ARE
NO  UNWRITTEN  ORAL  AGREEMENTS  BETWEEN  THE  PARTIES  TO  THIS LOAN.  THE TERM
"PARTIES"  INCLUDES  THE  UNDERSIGNED  PERSONS  AND  ENTITIES.  THE  TERM "LOAN"
INCLUDES  THIS  AGREEMENT  AND  THE  DOCUMENTS  REFERENCED  HEREIN.

     IN  WITNESS WHEREOF, the parties hereto have caused this Eleventh Amendment
to  be  executed on the date first set forth above but in all respects effective
as  of  July  1,  2001.

     BORROWER:                     RAMPART  SERVICES  CORPORATION,  L.L.C.,
     ---------                     a Texas  limited  liability  company

                                   By:  /s/  J.  H.  CARPENTER
                                             J.  H.  Carpenter,  President

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
June  30,  2001
Page  5

                              RAMPART  CAPITAL  CORPORATION,
                              a  Texas  corporation

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              RAMPART  VENTURES  CORPORATION,  L.L.C.,
                              a  Texas  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                              J.  H.  Carpenter,  President

                              RAMPART  ACQUISITION  CORPORATION,  L.L.C.,
                              a  Texas  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              RAMPART  PROPERTIES,  L.L.C.,
                              a  Nevada  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              IGBAF,  L.L.C.,
                              a  Texas  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              IGBF,  L.L.C.,
                              a  Texas  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
June  30,  2001
Page  6

                              NEWPORT  FUND,  L.L.C.
                              an  Oklahoma  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              LEISSNER'S  INC.,
                              a  Texas  corporation

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              RAMPART  NEWPORT  CORPORATION,  L.L.C.,
                              a  Texas  limited  liability  company

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

                              SOURCEONE  CAPITAL  GROUP,  L.L.C.,
                              a  Nevada  limited  liability  company

                              By:  Rampart  Properties,  L.L.C.,
                                      Its  Manager

                                   By:  /s/  J.  H.  CARPENTER
                                             J.  H.  Carpenter,  President

                              RAMPART  ALLIANCE  CORPORATION,  L.L.C.
                              a  Texas  corporation

                              By:  /s/  J.  H.  CARPENTER
                                        J.  H.  Carpenter,  President

<PAGE>
Rampart  Services  Corporation,  L.L.C.,  et al.
                                          ------
June  30,  2001
Page  7

     BANK:                         SOUTHWEST  BANK  OF  TEXAS  N.A.
     -----
                                   By: /s/  MICHAEL  R.  ADAMS
                                            Michael  R.  Adams
                                            Vice  President

<PAGE>

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