Document:

AMENDED SECURITIES PURCHASE AGREEMENT AND CONVERTIBLE NOTE

 Exhibit 10.11 
  
 AMENDMENT TO SECURITIES PURCHASE AGREEMENT 
 AND CONVERTIBLE NOTE 
  
 THIS AMENDMENT TO SECURITIES PURCHASE AGREEMENT AND CONVERTIBLE NOTE (the “Amendment”) is entered into as of August 30, 2004 between PROSOFTTRAINING, a Nevada corporation
(“the Company”), and HUNT CAPITAL GROWTH FUND II, L.P. (“Hunt”). 
  
 R E C I T A L S: 
  
 WHEREAS, the Company and Hunt have entered into that certain Securities Purchase Agreement dated October 16, 2001 (as
amended by the Amendment to Securities Purchase Agreement dated December 28, 2001 (the “2001 Amendment”) and the Exchange Agreement dated June 4, 2004 (the “Exchange Agreement”), as so amended, the
“Purchase Agreement”) and the Transaction Agreements (as defined therein) including without limitation the Convertible Note (as amended by the 2001 Amendment and the Exchange Agreement, the “Convertible
Note”); 
  
 WHEREAS, as of the date hereof, the
Company is entering into a Purchase Agreement (the “DKR Purchase Agreement”) with DKR SoundShore Oasis Holding Fund Ltd. (“DKR Oasis”) and DKR SoundShore Strategic Holding Fund Ltd. (“DKR
Strategic” and, together with DKR Oasis, the “DKR Parties”), pursuant to which the Company will borrow $1,350,000 (the “DKR Loan”) from the DKR Parties; 
  
 WHEREAS, the Company and Hunt hereby acknowledge that the consummation of the
DKR Loan and the other transactions set forth in the DKR Purchase Agreement as of the date hereof will, after giving effect to the anti-dilution provisions set forth in the Purchase Agreement and the other Transaction Agreements, be consistent with
the intentions of and not in violation of the 2001 Amendment; and 
  
 WHEREAS, the Company has requested Hunt to consent to the DKR Loan and the other transactions set forth in the DKR Purchase Agreement, which Hunt is willing to do, among other things, on the basis of the agreements of the Company set forth
herein. 
  
 NOW, THEREFORE, in consideration of these premises and
other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. DEFINITIONS. Unless stated otherwise, each term defined in the Purchase Agreement has the same meaning when used in this
Amendment. 
  
 2. AGREEMENTS. Effective as of
the date of this Amendment, the parties hereby agree as follows: 
  
 (a) Permitted Senior Indebtedness. The Purchase Agreement is hereby amended to eliminate the ability of the Company to incur up to $1,000,000 in indebtedness senior to the obligations of the Company under the Convertible Note. In
connection with such agreement, clause (f) of Section 7.3 and the definition of “Permitted Senior Indebtedness” in Section 1.1 are each deleted from the Purchase Agreement. 
  
 (b) Registration of Securities. Without otherwise limiting Hunt’s rights under the Registration Rights
Agreement, the Company shall, promptly after execution of this Amendment, register all shares of Common Stock issuable upon conversion of the Convertible Note (including, to the extent permissible under SEC rules, shares issuable for future interest
amounts) under the Company’s existing 

 Registration Statement on Form S-3 or a new registration statement on Form S-3. If SEC rules prohibit current
registration of future interest shares, the Company agrees to amend such Form S-3 (or file a new registration statement) promptly at the end of each calendar quarter for interest shares then earned and accrued for the quarter then ended. 

 
 (c) Events of Default. For purposes of clarity, the parties hereto
acknowledge and agree that the DKR Loan shall constitute Debt under Section 5.1(f) of the Convertible Note and that the following clause, contained in the 12th through 16th lines of such clause (f), shall not apply to any
agreements or instruments governing the DKR Loan (with such clause continuing to be applicable to agreements or instruments, if any, relating to any other Debt): 
  
 “the Company shall fail to perform or observe any term or covenant contained in any agreement or instrument relating to
any such Debt, when required to be performed or observed, and such failure shall continue after any applicable grace or cure period, if any, specified in such agreement or instrument, and can result in acceleration of the maturity of such Debt
unless waived by the lender;”. 
  
 (d) Permitted
Liens. Section 7.4 of the Purchase Agreement is amended to permit the granting to the DKR Parties of the security interests provided for in the Security Agreement dated the date hereof among the Company and the DKR Parties. 
  
 3. CONDITIONS PRECEDENT. This Amendment shall not be
effective until such time as Hunt shall have received fully executed counterparts (in the forms attached as Exhibits A and B hereto) of (a) the First Amendment to Security Agreement dated as of the date hereof between the Company and Hunt and (b)
the Intercreditor Agreement dated the date hereof among Hunt and the DKR Parties. 
  
 [The remainder of this page intentionally left blank; 
 Signature Page follows.]

  
 Amendment to Securities Purchase Agreement and
Convertible Note 
  

 2 

 EXECUTED as of the date first stated above. 
  

					
	 HUNT CAPITAL GROWTH FUND II, L.P.

		
	 By:
	 	 HUNT CAPITAL GROWTH, L.P.,

	 	 	 its general partner

		
	 By:
	 	 HUNT CAPITAL GROUP, L.L.C.,

	 	 	 its general partner

			
	 	 	 By:
	 	 /s/ J.R. Holland, Jr.

	 	 	 	 	 J.R. Holland, Jr.

	 	 	 	 	 President

	
	 PROSOFTRAINING

		
	 By:
	 	 /s/ Robert G. Gwin

	 	 	 Robert G. Gwin

	 	 	 Chief Executive Officer

  
 Signature Page
to 
 Amendment to Securities Purchase Agreement and Convertible NoteAdvance Financing Facility Agreement

 Exhibit 10.1 
  
 AMENDMENT NUMBER ONE 
 to the 
 Servicer Advance Financing Facility Agreement 
 Dated as of August 28, 2003 
 by and between 
 NEW CENTURY MORTGAGE CORPORATION 
 and 
 CITIGROUP GLOBAL MARKETS REALTY CORP. 
  
 This AMENDMENT NUMBER ONE is made this 27th day of August, 2004 (“Amendment Number One”), by and between NEW CENTURY MORTGAGE CORPORATION, a California corporation (the “Borrower”) and CITIGROUP GLOBAL MARKETS REALTY CORP., a New
York corporation (the “Lender”), to the Servicer Advance Financing Facility Agreement, dated as of August 28, 2003 by and between the Borrower and the Lender (the “Agreement”). 
  
 RECITALS 
  
 WHEREAS, the Borrower has requested that the Lender agree to amend the Agreement to extend the Termination Date thereunder;
and 
  
 WHEREAS, as of the date of this Amendment Number One, the
Borrower represents to the Lender that it is in compliance with all of the representations and warranties and all of the affirmative and negative covenants set forth in the Agreement; and 
  
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for
the mutual covenants herein contained, the parties hereto hereby agree as follows: 
  
 SECTION 1. Effective as of August 27, 2004, the definition of “One-Month LIBOR” in Section 1 of the Agreement is hereby amended to read in its entirety as follows: 
  
 “One-Month LIBOR” shall mean as of any date
of determination, the rate per annum equal to the rate appearing at page 3750 of the Telerate Screen as one-month LIBOR on such day, and if such rate shall not be so quoted, the rate per annum at which the Lender is offered Dollar deposits at or
about 11:00 a.m., New York City time, on such date by prime banks in the interbank eurodollar market where the eurodollar and foreign currency exchange operations in respect of its Loans are then being conducted for delivery on such day for a period
of one month, and in an amount comparable to the amount of the Loans to be outstanding on such day. Lender shall have the option to reset One-Month LIBOR each day. 

 SECTION 2. Effective as of August 27, 2004, the definition of “Termination Date” in Section 1
of the Agreement is hereby amended to read in its entirety as follows: 
  
 “Termination Date” shall mean August 26, 2005 or such earlier date on which this Loan Agreement shall terminate in accordance with the provisions hereof or by operation of law. 
  
 SECTION 3. Effective as of August 27, 2004, Section 1 of the Agreement is
hereby amended to include the following definition, in the appropriate location in such Section 1 to reflect proper alphabetical order: 
  
 ‘“Servicing Guidelines” shall be the Borrower’s servicing guidelines in effect as of the date hereof, a copy of
which is attached hereto as Exhibit J.” 
  
 SECTION 4.
Effective as of August 27, 2004, Section 4 of the Agreement is hereby amended by adding the following Section 4.20 at the end thereof: 
  
 “4.20 Servicing Guidelines. The Mortgage Loans are being serviced in accordance with the Borrower’s Servicing
Guidelines.” 
  
 SECTION 5. Effective as of August 27, 2004,
Section 5 of the Agreement is hereby amended by adding the following Section 5.23 at the end thereof: 
  
 “5.23 Modification of Servicing Guidelines. The Borrower will not materially modify its Servicing Guidelines without the prior
written consent of the Lender, which consent shall not be unreasonably withheld.” 
  
 SECTION 6. Additional Fees and Expenses. The Borrower agrees to pay to the Lender all additional fees and out of pocket expenses incurred by the Lender in connection with this Amendment Number One (including
all reasonable fees and out of pocket costs and expenses of the Lender’s legal counsel incurred in connection with this Amendment Number One), in accordance with Section 14.2 of the Agreement. 
  
 SECTION 7. Defined Terms. Any terms capitalized but not otherwise
defined herein should have the respective meanings set forth in the Agreement. 
  
 SECTION 8. Limited Effect. Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms. Reference to this Amendment Number One need not be made in the Agreement
or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient
to refer to the Agreement as amended hereby. 

 SECTION 9. Representations. The Borrower hereby represents to the Lender that as of the date
hereof, the Borrower is in full compliance with all of the terms and conditions of the Agreement and no Default or Event of Default has occurred and is continuing under the Agreement. 
  
 SECTION 10. Governing Law. This Amendment Number One shall be construed in accordance with the laws of the State of
New York and the obligations, rights, and remedies of the parties hereunder shall be determined in accordance with such laws without regard to conflict of laws doctrine applied in such state (other than Section 5-1401 of the New York General
Obligations Law). 
  
 SECTION 11. Counterparts. This
Amendment Number One may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. 
  
 [Signatures on the following page] 

 IN WITNESS WHEREOF, the Borrower and the Lender have caused this Amendment Number One to be executed and
delivered by their duly authorized officers as of the day and year first above written. 
  

			
	NEW CENTURY MORTGAGE CORPORATION
	(Borrower)
		
	By:	 	 /s/    KEVIN CLOYD

	Name:	 	Kevin Cloyd
	Title:	 	Executive Vice President
	
	CITIGROUP GLOBAL MARKETS REALTY CORP.
	(Lender)
		
	By:	 	 /s/    EVAN MITNICK

	Name:	 	Evan Mitnick
	Title:	 	Director

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