Document:

Mohawk:  SunTrust LAPA Ext.

Exhibit 10.3

 

AMENDMENT TO LIQUIDITY ASSET
PURCHASE AGREEMENT

[Mohawk
Factoring, Inc.]

 

This
AMENDMENT TO Liquidity Asset Purchase Agreement (this "Amendment")
is entered into as of August 2, 2004, among SUNTRUST BANK, a Georgia banking
corporation, individually and as Liquidity Agent, THREE PILLARS FUNDING LLC, a
Delaware limited liability company (together with its successors and permitted
assigns, the "Company"), and SUNTRUST CAPITAL MARKETS, INC., a Tennessee
corporation, as "TPFC Agent," and pertains to the Amended and Restated
Liquidity Asset Purchase Agreement among the parties hereto dated as of August
4, 2003 (the "Existing Agreement").  Capitalized terms used and not otherwise defined herein are used
with the meanings attributed thereto in the Existing Agreement.

For good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, each of the
parties hereto agrees that the Existing Agreement is hereby amended to extend
the Purchase Termination Date to August 1, 2005.  

Except as expressly amended above, the Existing Agreement
remains unaltered and in full force and effect and is hereby ratified and
confirmed.  This Amendment shall become
effective when it shall have been executed and delivered by each of the parties
hereto and thereafter shall be binding upon and inure to the benefit of the
Conduit, the Administrator, the Liquidity Agent and each Purchaser and their
respective successors and assigns.   

THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE
CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK
GENERAL OBLIGATIONS LAW)).   

This Amendment may be executed in any number of
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
agreement.  Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be
effective as delivery of a manually executed counterpart of this Amendment.

<signature page follows>

 IN WITNESS WHEREOF, the parties have
caused this Amendment to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

THREE PILLARS FUNDING LLC

By:                                                                  
 

Name:                                                             
 

Title:                                                                
 

SUNTRUST BANK,  Individually
and as Liquidity Agent

By:                                                                  
 

Name:                                                             
 

Title:                                                                
 

 

SUNTRUST CAPITAL MARKETS, INC.,  as
TPFC Agent

By:                                                                  
 

Name:                                                             
 

Title:SC REALTY: FIRST AMENDMENT

Exhibit 10.4

FIRST AMENDMENT TO AMENDED AND RESTATED

CREDIT AND SECURITY AGREEMENT

            This
FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT
dated as of September 29, 2004 (this "Amendment") by and among MOHAWK
FACTORING, INC. (the "Borrower"), BLUE RIDGE ASSET FUNDING CORPORATION ("Blue
Ridge") and WACHOVIA BANK, NATIONAL ASSOCIATION, as a Liquidity Bank and agent
to Blue Ridge, THREE PILLARS FUNDING LLC ("TPFC") and SUNTRUST CAPITAL MARKETS,
INC., as a Liquidity Bank and agent to TPFC, and WACHOVIA BANK, NATIONAL
ASSOCIATION, as agent for the Conduit Groups (in such capacity, the "Agent").

            WHEREAS, the parties hereto and
Mohawk Servicing, Inc. are parties to that certain Amended and Restated Credit
and Security Agreement dated as August 4, 2003 (the "Credit Agreement"); and

            WHEREAS, the parties hereto desire
to amend certain provisions of the Credit Agreement on the terms and conditions
contained herein;

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

            Section 1.  Specific Amendments to Credit Agreement.

            (a)        Section
6.2(d)(i) of the Credit Agreement is hereby amended and restated in its
entirety as follows:

            (i) the
representations and warranties set forth in Section 5.1 (other than those
contained in Sections 5.1(e) and (m), and if and to the extent incorporated
herein, the representation and warranty contained in Section 6(d) of the
Performance Undertaking) are true and correct on and as of the date of such
Advance (or such Settlement Date, as the case may be) as though made on and as
of such date; provided, that with respect to those contained in
Sections 5.1(a), (c) and (p), the determination of whether any Material
Adverse Effect has occurred as set forth therein shall be made solely by
Borrower, in its reasonable, good faith judgment;

            (b)        Section
9.1(q) of the Credit Agreement is hereby deleted in its entirety.

            Section 2.  Representations of the Borrower.  The Borrower represents and warrants to the
Agent and the Conduit Groups that:

            (a)        Authorization.  The execution and delivery by the
Borrower of this Agreement, and the performance of its obligations hereunder
and under the Credit Agreement as amended by this
Amendment, are within its corporate powers and authority and have been
duly authorized by all necessary corporate action on its part.  This Amendment has been duly executed and
delivered by the Borrower.

            (b)        No Conflicts.  The execution and delivery by the Borrower
of this Amendment, and the performance of its obligations hereunder and under
the Credit Agreement as amended by this Amendment, do not contravene or violate
(i) its certificate or articles of incorporation or by-laws, (ii) any law, rule
or regulation applicable to it, (iii) any restrictions under any agreement,
contract or instrument to which it is a party or by which it or any of its
property is bound, or (iv) any order, writ, judgment, award, injunction or
decree applicable to it, and do not result in the creation or imposition of any
Adverse Claim on assets of the Borrower or its Subsidiaries, except, in any
case, where such contravention or violation is not reasonably likely to have a
Material Adverse Effect.

            (c)         Governmental Authorization.  No authorization or approval or other action
by, and no notice to or filing with, any governmental authority or regulatory
body is required for the due execution and delivery by the Borrower of this
Amendment and the performance of its obligations hereunder and under the Credit
Agreement as amended by this Amendment.

            (d)        Binding Effect.  This Agreement and the Credit Agreement as
amended by this Amendment constitute the legal, valid and binding obligations
of the Borrower enforceable against it in accordance with their respective
terms, except as such enforcement may be limited by applicable bankruptcy,
insolvency, reorganization or other similar laws relating to or limiting
creditors' rights generally and by general principles of equity (regardless of
whether enforcement is sought in a proceeding in equity or at law).

            (e)        No
Amortization Event.  No event
has occurred and is continuing that constitutes an Amortization Event or an
Unmatured Amortization Event.

            Section 3.  Reaffirmation of Representations.  The Borrower hereby repeats and reaffirms
all representations and warranties made by it to the Agent and the Conduit
Groups in the Credit Agreement and the other Transaction Documents to which it
is a party on and as of the date hereof (and after giving effect to this
Amendment) with the same force and effect as if such representations and
warranties were set forth in this Amendment in full.

            Section 4.  References to the Credit Agreement.  Each reference to the Credit Agreement in
any of the Transaction Documents (including the Credit Agreement) shall be
deemed to be a reference to the Credit Agreement, as amended by this Amendment.

            Section 5.  Effect of Amendment.  Except as set forth expressly hereinabove,
all terms of the Credit Agreement and the other Transaction Documents shall be
and remain in full force and effect, and shall constitute the legal, valid,
binding and enforceable obligations of the Borrower.  The amendments contained herein shall be deemed to have prospective
application only, unless otherwise specifically stated herein.

            Section 6.  Ratification.  The Borrower hereby restates, ratifies and
reaffirms each and every term, covenant and condition set forth in the Credit
Agreement and the other Transaction Documents effective as of the date hereof.

            Section 7.  Benefits.  This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns.

            Section 8.  GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF GEORGIA. 

            Section 9.  Effect.  Except as expressly herein amended, the terms and conditions of
the Credit Agreement and the other Transaction Documents shall remain in full
force and effect.  

            Section 10.  Counterparts.  This Amendment may be executed in any number
of counterparts and delivered by facsimile, each of which shall be deemed to be
an original and shall be binding upon all parties, their successors and
assigns.

            Section 11.  Headings.  The paragraph headings used in this Amendment are for convenience
only and in no way defined, describe or limit the scope or intent of this
Amendment.

            Section 12.  Definitions.  All capitalized terms not otherwise defined
herein are used herein with the respective definitions given them in the Credit
Agreement.

            Section 13.  Rating Agency Requirement.  Each Co-Agent represents and warrants to the
Borrower that with respect to its Conduit the Rating Agency Condition is not
required in connection with this Amendment, or if it is required, it has been
satisfied.

            Section 14.  Effective Date.  This Amendment shall be effective upon the
execution and delivery by all of the parties hereto whereupon it shall be
deemed effective as of the date first written above.

[Signatures on the Following Page]

            IN WITNESS WHEREOF, the parties hereto have caused this
First Amendment to Amended and Restated Credit and Security Agreement to be
executed as of the date first above written.

mohawk
factoring, INC.

By:_________________________________ 

     Name: ____________________________ 

     Title: _____________________________ 

Acknowledged:

MOHAWK SERVICING, INC.

By:_________________________________ 

     Name: ____________________________ 

     Title: _____________________________ 

[Signatures Continued on Next Page]

[Signature Page to First
Amendment to Amended and Restated

Credit and Security
Agreement for Mohawk Factoring, Inc.]

blue
ridge asset funding corporation, as a Conduit

By: Wachovia Capital Markets, LLC,
its Attorney-In-Fact

By:_________________________________ 

     Name: ____________________________ 

     Title: _____________________________ 

WACHOVIA BANK,
NATIONAL ASSOCIATION,as Blue Ridge Agent, a Liquidity Bank and as Administrative Agent

By:_________________________________ 

     Name:____________________________ 

     Title:_____________________________ 

[Signatures Continued on Next Page]

[Signature Page to First
Amendment to Amended and Restated

Credit and Security
Agreement for Mohawk Factoring, Inc.]

three
pillars funding LLC, as
a Conduit

By:_________________________________ 

     Name: ____________________________ 

     Title: _____________________________ 

suntrust capital markets, inc., as a Liquidity Bank and TPFC Agent

By:______________________________ 

     Name:_________________________ 

     Title:__________________________

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