Document:

FIRST AMENDMENT TO REVOLVING CRE

	
	FIRST AMENDMENT TO REVOLVING CREDIT LOAN AND SECURITY AGREEMENT

	
	            This FIRST AMENDMENT TO REVOLVING CREDIT LOAN AND SECURITY
	AGREEMENT (this "Amendment") is made and entered into as of
	August 15, 2007, by and between FREEDOM FINANCIAL GROUP, INC. and T.C.G. -
	THE CREDIT GROUP INC. (jointly and severally, the "Borrower") and
	HEARTLAND BANK ("Lender").

	
	WITNESSETH:

	
	WHEREAS, the parties entered into a Revolving Credit Loan and
	Security Agreement dated as of August 18, 2006 (the "Loan Agreement"),
	 pursuant to which Lender has made available to Borrower from time to time
	revolving credit facilities in the maximum aggregate principal amount of
	Three Million Dollars ($3,000,000.00); and

	
	WHEREAS, Borrower and Lender have agreed to extend the maturity date
	of the revolving credit facilities.

	
	NOW, THEREFORE, in consideration of the promises and the mutual
	agreements herein set forth and other good and valuable consideration, the
	receipt and sufficiency of which are hereby acknowledged, the parties hereto
	agree as follows:

	
	SECTION 1.   Definitions; References.  Unless otherwise
	specifically defined herein, each term used herein which is defined in the
	Loan Agreement shall have the meaning assigned to such term in the Loan
	Agreement.  Each reference to "hereof", "hereunder", "herein" and "hereby"
	and each other similar reference and each reference to "this Agreement" and
	each other similar reference contained in the Loan Agreement shall from the
	date hereof refer to the Loan Agreement as amended hereby.

	
	SECTION 2.   Amendments to Loan Agreement.  Subject to the
	satisfaction and occurrence of each of the conditions set forth in 
	Section 3 hereof, the Loan Agreement is hereby amended as follows,
	effective as of the date hereof:

	
	2.1.      At Section 1.1 of the Loan Agreement, replace the
	definition of Termination Date in its entirety and replace it with
	the following:

	
	"Termination Date" means February 1, 2008.

	
	2.2.      At Section 1.1 of the Loan Agreement, replace the
	definition of Note in its entirety and replace it with the following:

	
	                       
	"Note" means the Amended and Restated Note
	dated of even date herewith executed by Borrower to the order of Lender in
	the face amount of $3,000,000.

	
	            2.3.      At Section 2.3(a) of the Loan Agreement,
	replace Section 2.3(a) in its entirety and replace it with the following:

	
	                        Section 2.3.     Repayment.

	
	                        a.         The interest and principal shall all be
	due and payable in accordance with the following:

	
	            i.          Commencing on September 1, 2007, and on the first
	day of each month thereafter to and including the first day of January,
	2008, the Borrower shall pay to the Lender monthly installments of interest
	at the rate of interest as set forth in Article 3.

	
	

	ii.          On February 1, 2008, the Borrower shall pay to the
	Lender a final installment of principal and interest in an amount equal to
	the sum of the then outstanding principal balance of the Loan together with
	accrued and unpaid interest thereon.

	
	
	SECTION 3.   Effectiveness.  The effectiveness of this Amendment
	is subject to the satisfaction and occurrence of each of the following
	conditions precedent:

	
	

	
	3.1.      Lender shall have received executed counterparts of the
	following documents, each containing terms satisfactory to Lender:

	
	(a)        this Amendment;

	
	(b)        replacement Note in the form and containing the terms as
	Exhibit A attached; 

	
	(c)        the payment to Lender of a renewal fee in the amount of
	$10,000, together with the expenses incurred by Lender, including attorneys'
	fees; and 

	
	(d)        such other documents, instruments, and certificates as
	Lender may reasonably require.

	
	SECTION 4.   Representations and Warranties.  Borrower
	represents and warrants to Lender that:

	
	4.1.      The representations and warranties of Borrower contained in
	the Loan Agreement are true and correct in all material respects on and as
	of the date hereof as if such representations and warranties had been made
	on and as of the date hereof (except to the extent that any such
	representations and warranties specifically relate to an earlier date).

	
	4.2.      Borrower is in compliance with all the terms and provisions
	set forth in the Loan Agreement and no Default or Event of Default has
	occurred and is continuing or would result from the execution, delivery,
	and/or performance of this Amendment.

	
	4.3.      Borrower does not have a defense, counterclaim, or offset
	with respect to the Loan Agreement or any of the other Loan Documents.

	
	SECTION 5.   Voluntary Agreement.  Each party represents and
	warrants to the other that it has consulted or has had the opportunity to
	consult with counsel regarding this Amendment, that it is fully aware of the
	terms contained herein, and that it has voluntarily and without coercion or
	duress of any kind entered into this Amendment.

	
	SECTION 6.   Authority.  By execution hereof, each of the
	persons signing on behalf of the parties hereto hereby represents and
	warrants that each is fully authorized to act and execute this Amendment on
	behalf of their respective party.

	
	SECTION 7.   Full Force and Effect.  Except as specifically
	amended hereby, all of the terms and conditions of the Loan Agreement, the
	Loan Documents, and all other documents, instruments and agreements executed
	and/or delivered in connection therewith, shall remain in full force and
	effect, and the same are hereby ratified and confirmed.  No reference to
	this Amendment need be made in any instrument or document at any time
	referring to the Loan Agreement, a reference to the Loan Agreement in any of
	such to be deemed to be reference to the Loan Agreement, as amended hereby. 
	This Amendment, the Loan Agreement, and the other Loan Documents constitute
	legal, valid, and binding obligations of Borrower and are enforceable
	against Borrower in accordance with their respective terms.  

	
	SECTION 8.   Counterparts.  This Amendment may be executed in
	one or more counterparts, each of which shall be deemed to be an original,
	and all of which shall constitute together but one and the same agreement.

	
	SECTION 9.   Headings; Recitals.  The various headings of this
	Amendment are inserted for convenience only and shall not affect the meaning
	or interpretation of this Amendment or any provisions hereof.  The recitals
	set forth herein are hereby incorporated into this Amendment and form a part
	hereof, the truth and accuracy of which is evidenced by each party's
	execution hereof.

	
	SECTION 10.  Governing Law.  This Amendment shall be binding
	upon and inure to the benefit of the parties hereto and their respective
	successors and assigns and shall be governed by and construed in accordance
	with the internal laws of the State of Missouri (without reference to its
	conflicts of laws principles).  

	SECTION 11. 
	Missouri Revised Statute ‐ Sec. 432.047.  ORAL AGREEMENTS OR
	COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING
	REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT
	ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT IS
	IN ANY WAY RELATED TO THE CREDIT AGREEMENT. TO PROTECT YOU (BORROWER(S)) AND
	US (CREDITOR) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE
	REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE
	COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE
	MAY LATER AGREE IN WRITING TO MODIFY IT.

	
	[The Remainder of this Page is Intentionally Left Blank]

	
	

 
COUNTERPART SIGNATURE PAGE TO

FIRST AMENDMENT TO REVOLVING CREDIT LOAN AND SECURITY AGREEMENT

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective authorized officers as of the day and year first
above written.

 

"BORROWER"

                                                            FREEDOM FINANCIAL
GROUP, INC.

                                                                       
By:       /s/ Jerald L.
Fenstermaker                                 

                                                                        Name: 
Jerald L. Fenstermaker                         

                                                                       
Title:     President                                                         

 

"T.C.G. - THE CREDIT GROUP, INC."

                                                            By:       /s/
Jerald L. Fenstermaker                                 

                                                                        Name: 
Jerald L. Fenstermaker                         

                                                                       
Title:     CEO                                                               

 

                                                                       
"LENDER"

                                                                       
HEARTLAND BANK

                                                                       
By:       /s/ Kenneth C. MacDonell                                

                                                                        Name: 
Kenneth C. MacDonell                         

                                                                       
Title:     Senior Vice President                                       

 
EXHIBIT A

 

Amended and
Restated Note.FIRST AMENDMENT TO REVOLVING CRE

AMENDED AND RESTATED NOTE

$3,000,000                                                                                                                                                                                Date: August 15, 2007

FOR VALUE RECEIVED, on February 1, 2008, the
undersigned, Freedom Financial Group,
Inc., a Delaware corporation, and T.C.G. -
The Credit Group Inc., a
Manitoba, Canada corporation, jointly and severally ("Maker"), promise to pay to
the order of HEARTLAND BANK (hereinafter, together with any holder hereof,
called "Holder"), at St. Louis, Missouri (or such other place as the Holder may
designate in writing to the undersigned), in lawful money of the United States
of America in immediately available funds, the principal sum of Three Million
and No/100 Dollars ($3,000,000.00), or such amount thereof as has been advanced
hereunder, together with interest thereon from the date hereof, at the rate or
rates hereinafter specified, as follows:

The Maker will pay interest on the unpaid
principal amount of each Advance for each day from the day such Advance was made
until such Loan is paid (whether at maturity, by reason of acceleration or
otherwise), at a rate per annum equal to the sum of three percent (3.00%) plus
the Base Rate, payable monthly in arrears on each Interest Payment Date and when
such Loan is due in full (whether at maturity or on the Termination Date, by
reason of acceleration, or otherwise).

This Note shall be payable as follows:

a.      
Commencing on September 1, 2007, and on the first day of each month
thereafter to and including the first day of January, 2008, the Maker shall pay
to the Holder monthly installments of interest at the rate of interest as
aforesaid.

b.      
On February 1, 2008, the Maker shall pay to the Holder a final
installment of principal and interest in an amount equal to the sum of the then
outstanding principal balance of this Note together with accrued and unpaid
interest thereon.

It is contemplated that the principal sum
evidenced by this Note may be reduced from time to time and that additional
Advances may be made from time to time, as provided in the Revolving Credit Loan
and Security Agreement between the undersigned and Holder , as amended by a
first amendment even date herewith (the "Loan Agreement"); provided, however,
that the outstanding principal amount evidenced by this Note shall not exceed
the Borrowing Base provided in the Loan Agreement.

This Note is subject to the terms and conditions
of, and entitled to the benefit of the Collateral described in, the Loan
Agreement.  Capitalized terms not defined herein shall have the meanings given
in the Loan Agreement.

No delay or failure on the part of the Holder in
the exercise of any right or remedy hereunder, under the Loan Agreement, the
Security Documents or at law or in equity, shall operate as a waiver thereof,
and no single or partial exercise by the Holder of any right or remedy
hereunder, under the Loan Agreement, the Security Documents, or at law or in
equity shall preclude or estop another or further exercise thereof or the
exercise of any other right or remedy.

The undersigned and all endorsers waive
presentment, notice of dishonor and protest.

Time is of the essence of this Note and, in case
this Note is collected by law or through an attorney at law, or under advice
therefrom, the undersigned agrees to pay all costs of collection, including
reasonable attorneys' fees if collected by or through an attorney.

The provisions of this Note shall be construed
and interpreted and all rights and obligations of the parties hereunder
determined in accordance with the laws of the State of Missouri.

This Note supersedes and replaces the Note dated
August 18, 2006, executed by Maker to the order of Holder in the principal face
amount of $3,000,000.

IN WITNESS WHEREOF, the undersigned has caused
this Note to be executed, sealed and delivered in St. Louis, Missouri, in its
corporate name, by and through its respective duly authorized officers, as of
the day and year first above written.

FREEDOM FINANCIAL GROUP,
INC.                      T.C.G. - THE
CREDIT GROUP INC.

 

By:/s/ Jerald L.
Fenstermaker                                        By:/s/Jerald L.
Fenstermaker                             

Name: Jerald L.
Fenstermaker                                       Name: Jerald L. Fenstermaker

Title:
President                                                              Title:
CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]