Document:

EXHIBIT 10.3

     Amendment to Loan and Security Agreement dated September 17, 2000

K-Tronik Int'l Corporation
290 Vincent Avenue
Hackensack, New Jersey 07601

Re:  Loan and Security Agreement dated as of September 17,
     1998 (the "Loan Agreement")

Gentlemen:

     This is to confirm our approval of your request for an
increase to $650,000.00 of the maximum amount of  the revolving
credit facility provided for in the Loan Agreement. Accordingly we
have agreed to modify section 2.1(A) and 2.7 of the Loan Agreement to
read as follows:

2.1  Revolving Advances; Advance Limit.  Upon the request of
Borrower, made at any time or from time to time during the Term and so
long as no Event of Default has occurred and is continuing, BACC may,
in its sole and absolute discretion, make Advances in an amount up to
(a) eighty percent (80%) of the aggregate outstanding amount of
Eligible Accounts, plus (b) the lesser of (1) fifty percent (50%) of
the aggregate value of the Eligible Inventory plus ten percent (10%) of
the aggregate value of the Slow Moving Inventory or (2) initially Two
Hundred Fifty Thousand Dollars ($250,000.00); provided, however, that
(a) in no event shall the aggregate amount of the outstanding Advances
be greater than, at any time, the amount of Six Hundred Fifty Thousand
Dollars ($650,000.00) (the Advance Limit) and provided further that (b)
the maximum amount of Advances against Eligible Inventory and Slow
Moving Inventory shall not exceed initially sixty percent (60%) of the
total Advances and which percentage will reduce two percent (2%) per
month commencing on October 1, 1998 and by 2% on the first day of each
month thereafter until the percentage equals thirty six percent (36%)
and (c) the maximum dollar amount of Advances against Eligible
Inventory and Slow Moving Inventory shall decrease by Five Thousand
Dollars ($5,000.00) per month commencing on October 1, 1998 and on the
same day of each month thereafter until the maximum amount is reduced
to One Hundred Seventy Five Thousand Dollars ($175,000).

2.7  Origination Fee.  In consideration of BACC entering
into this Agreement, Borrower shall pay BACC an origination fee of
Five Thousand Dollars ($5,000.00), which shall be paid simultaneous
with the execution of the Loan Agreement  and thereafter an
origination fee of Six Thousand Five Hundred Dollars ($6,500.00) on
each annual anniversary of the date hereof.

     In consideration of our agreeing to so increase the maximum
amount of the revolving credit facility, you shall pay to us,
contemporaneous with the execution hereof, a facility fee of $1,500.00.

     Our approval shall not constitute a waiver of any Events of
Default, if any so exist, or any future violation of any provisions
of the Loan Agreement or any other Loan Documents.

     By your execution hereof Borrower agrees to pay all costs
and expenses, including reasonable attorneys fees and disbursements,
incurred by BACC in connection with the preparation of this letter
agreement and the other documents created in connection herewith.
Capitalized terms not defined herein but defined in the Loan
Agreement shall have the same meaning ascribed to such terms in the
Loan Agreement.  Your execution shall also act as your representation
that the execution of this letter agreement has been authorized by
all required corporate action, that this letter agreement constitutes
the valid and binding obligation of the Borrower, is enforceable in
accordance with its terms and that no material adverse change in the
financial condition of the Borrower has occurred and the Borrower's
reaffirmation of its grant to BACC of a lien on the Collateral.

     Except as herein set forth, the Loan Agreement and all
other Loan Documents shall remain in full force and effect.  Our
agreement as aforesaid is subject to your written agreement with the
terms hereof by signing and returning a copy hereof where so
indicated below along with the enclosed Modified and Replacement
Revolving Credit Master Promissory Note, and by the written consents
of the guarantor and the pledgor where so indicated below.   This
letter may be executed in counterparts.

                           BUSINESS ALLIANCE CAPITAL CORP.

                           /s/William Seibold
                           William Seibold
                           Senior Vice President

Agreed to:

                           K-Tronik Int'l Corporation

                           /s/Robert Kim
                           Robert Kim
                           President

     The undersigned, guarantor of the Liabilities of the
Borrower to BACC, hereby consents to the above letter and agrees that
same shall not affect his Individual Guaranty dated as of June 1,
1998, which guaranty remains in full force and effect.

                                      "Robert Kim"
                                      Robert Kim

     The undersigned, the pledgor under a Pledge Agreement dated
as of September 16, 1998, pledging certain stock as security for the
Liabilities of the Borrower to BACC, hereby consents to the above
letter and agrees that same shall not affect his Pledge Agreement,
which Pledge Agreement remains in full force and effect.

                                     "Gerry Racicot"
                                     Gerry RacicotEXHIBIT 10.4

       Amendment to Loan and Security Agreement dated June 1, 2000

K-Tronik Int'l Corporation
290 Vincent Avenue
Hackensack, New Jersey 07601

Re:  Loan and Security Agreement dated as of September 17,
     1998 (said agreement as amended or modified from time
     to time the "Loan Agreement")

Gentlemen:

     This is to confirm our approval of your request for an
increase to $750,000.00 of the maximum amount of the revolving credit
facility provided for in the Loan Agreement, for a change in the
advance percentage against Eligible Inventory, for a One Hundred
Twenty Five Thousand Dollar ($125,000.00) time loan and for other
modifications to the Loan Agreement.  Accordingly we have agreed to
modify sections 2.1, 2.7 and 2.8 of the Loan Agreement to read as
follows:

2.1  Revolving Advances; Advance Limit.  (A) Revolving
Loans.  Upon the request of Borrower, made at any time or from time to
time during the Term and so long as no Event of Default has occurred
and is continuing, BACC may, in its sole and absolute discretion, make
Advances in an amount up to (a) eighty percent (80%) of the aggregate
outstanding amount of Eligible Accounts, plus (b) the lesser of (1)
forty percent (40%) of the value of the Eligible Inventory or (2) Two
Hundred Fifty Thousand Dollars ($250,000.00); provided, however, that
(a) in no event shall the aggregate amount of the outstanding Advances
be greater than, at any time, the amount of Seven Hundred Fifty
Thousand Dollars ($750,000.00) (the Advance Limit) and provided further
that (b) the maximum amount of Advances against Eligible Inventory
shall not exceed forty percent (40%) of the total Advances.
(B)  Time Loan.  Contemporaneous with the execution of this
letter modification agreement, BACC shall loan to the Borrower the
principal sum of One Hundred Twenty Five Thousand Dollars ($125,000.00)
the proceeds of which shall be used by Borrower solely to fund, in
part, the purchase by a wholly owned subsidiary of Borrower of a plant
in Korea.  Said loan shall accrue interest at the per annum rate set
forth in paragraph 2.4 of the Loan Agreement, which interest shall be
paid on the first day of June, 1999 and on the maturity date of the
loan. The outstanding principal balance of said loan, together with all
accrued and unpaid interest shall be due and payable in full, without
notice or demand, on the earlier of (i) June 30, 1999 or (ii) one (1)
business day after the release of funds to Alexa Ventures, Inc. from
the closing of the sale of additional stock by Alexa Ventures, Inc.,
the stockholder of Borrower, it being agreed and represented by the
Borrower that out of the proceeds of the sale of said additional stock,
Alexa Venture, Inc. will inject into Borrower as paid in capital, an
amount at least equal to the lesser of (x) $500,000.00 or (y) the
amount realized from the sale of said additional stock but in no event
less than the outstanding balance of the time loan provided for herein.
Borrower agrees to keep BACC advised from time to time of the status of
the sale of said stock of Alexa Ventures, Inc.

2.7  Origination Fee.  In consideration of BACC entering
into this Agreement, Borrower shall pay BACC an origination fee of
Five Thousand Dollars ($5,000.00), which shall be paid simultaneous
with the execution of the Loan Agreement  and thereafter an
origination fee of Seven Thousand Five Hundred Dollars ($7,500.00) on
each annual anniversary of the date thereof.

2.8  Servicing Fee.  Borrower shall pay BACC a fee  in an
amount equal to three tenths of one percent (.3%) of the daily average
outstanding balance of the Advances during each month on or before the
first (1st) day of each calendar month in respect of BACC's services
for the preceding calendar month, during the Term, including each
Renewal Term, or so long as the Obligations are outstanding.

     In consideration of our agreeing to so increase the maximum
amount of the revolving credit facility, you shall pay to us,
contemporaneous with the execution hereof, a facility fee of $750.00.

     This is also to confirm that provided no Event of Default
exists, upon confirmation of the closing of and the release to Alexa
Ventures, Inc. of the proceeds of the aforesaid sale of stock, and
the injection of a portion of such proceeds as additional paid in
capital of Borrower as aforesaid, and satisfaction of the aforesaid
time loan, the lien on the stock of Alexa Ventures, Inc. pledged by
Gerry Racicot under a pledge agreement dated as of September 16, 1999
shall be terminated and we shall promptly notify Stryker, Tams &
Dill, LLP, which is holding the stock certificates under a pledge
agreement dated September 17, 1999, to promptly return to him the
stock certificates.

     Our approval shall not constitute a waiver of any Events of
Default, if any so exist, or any future violation of any provisions
of the Loan Agreement or any other Loan Documents.

     By your execution hereof Borrower agrees to pay all costs
and expenses, including reasonable attorneys fees and disbursements,
incurred by BACC in connection with the preparation of this letter
agreement and the other documents created in connection herewith.
Capitalized terms not defined herein but defined in the Loan
Agreement shall have the same meaning ascribed to such terms in the
Loan Agreement.  Your execution shall also act as your representation
that the execution of this letter agreement has been authorized by
all required corporate action, that this letter agreement constitutes
the valid and binding obligation of the Borrower, is enforceable in
accordance with its terms and that no material adverse change in the
financial condition of the Borrower has occurred and the Borrower's
reaffirmation of its grant to BACC of a lien on the Collateral.

     Except as herein set forth, the Loan Agreement and all
other Loan Documents shall remain in full force and effect.  Our
agreement as aforesaid is subject to your written agreement with the
terms hereof by signing and returning a copy hereof where so
indicated below along with the enclosed Modified and Replacement
Revolving Credit Master Promissory Note and Time Note and by the
written consents of the guarantor and the pledgor where so indicated
below.   This letter may be executed in counterparts.

                            BUSINESS ALLIANCE CAPITAL CORP.

                            /s/William Seibold
                            William Seibold
                            Senior Vice President

Agreed to:

                            K-Tronik Int'l Corporation

                            /s/Robert Kim
                            Robert Kim
                            President

     The undersigned, guarantor of the Liabilities of the
Borrower to BACC, hereby consents to the above letter and agrees that
same shall not affect his Individual Guaranty dated as of June 1,
1998, which guaranty remains in full force and effect.

                                       "Robert Kim"

                                       Robert Kim

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