Document:

[Logo]

                          AMENDMENT TO LOAN AGREEMENT

                       AMENDMENT NO. 1 TO LOAN AGREEMENT

     This Amendment dated as of July 22, 2002 (this "Amendment"), is entered
into by and between Cost-U-Less, Inc. (whether one or several, "Borrower"), and
BANK OF AMERICA, N.A. ("Lender").

                                    RECITALS

     A. Borrower and Lender are parties to a certain Business Loan Agreement
dated as of September 15, 2000 (including previous amendments, if any, to such
agreement, the "Loan Agreement").

     B. Borrower and Lender wish to amend the Loan Agreement as set forth in
this Amendment.

                                   AGREEMENT

     Now, therefore, in consideration of the premises and the mutual agreements
contained herein, the parties agree to amend the Loan Agreement on the following
terms and conditions.

     1. DEFINED TERMS. Unless otherwise defined in this Amendment, all
capitalized terms used herein as defined terms shall have the meanings given to
them in the Loan Agreement.

     2. AMENDMENT TO LOAN AGREEMENT. The Loan Agreement is amended as follows:

          2.1  Modification of Paragraph. In paragraph 1(b), and (e) of the
               Exhibit, the date is changed from August 1, 2002 to October 1.
               2002.

     3. REPRESENTATIONS AND WARRANTIES. In order to induce Lender to enter into
this Amendment, Borrower hereby represents and warrants to Lender that except as
has been previously disclosed in writing by Borrower to Lender; i) all of the
representations and warranties set forth in the Loan Agreement are true and
correct on and as of the date of this Amendment and are applicable to this
Amendment; ii) no default has occurred under the Loan Agreement; iii) no event,
which, with the giving of notice or lapse of time or both, would cause a default
under the Loan Agreement has occurred and is continuing; and iv) since the date
of the Loan Agreement there has been no material adverse change in the financial
condition or business operations of the Borrower,. Further, Borrower hereby
represents and warrants to Lender that the individuals signing this Amendment on
behalf of Borrower are duly authorized by Borrower to enter into this Amendment.

     4. CONDITIONS PRECEDENT. This Amendment shall become effective (the
"Effective Date") when:

          4.1 This Amendment has been executed by Borrower and Lender;

          4.2 All actions required to be taken by Borrower in connection with
the transactions contemplated by this Amendment have been taken in form and
substance satisfactory to Lender;

          4.3 Lender has received counterpart originals of this Amendment
executed by all parties listed on the signature pages(s) hereto and originals or
certified or other copies of such other documents as Lender may reasonably
request.

                                       1
<PAGE>

          4.4 Borrower shall have provided Lender with evidence satisfactory to
Lender in Lender's sole discretion that the execution, delivery, and performance
by Borrower of this Amendment and any agreement or instrument required by this
Amendment have been duly authorized;

          4.5 Borrower shall have paid to Lender all of Lender's costs,
expenses, and attorneys' fees incurred by Lender in connection with this
Amendment;

          4.6 Borrower, or such other party as may be designated by Lender,
shall have executed in favor of Lender, in form and substance satisfactory to
Lender in Lender's sole discretion, the following documents and/or instruments:
Note Modification.

     5. CONFIRMATION OF COLLATERAL/FURTHER ASSURANCES. Borrower hereby; i)
confirms to Lender all security interests and liens heretofore granted by it to
Lender securing the obligations of Borrower to Lender arising out of the Loan
Agreement; ii) acknowledges and agrees that all such obligations shall continue
to be secured by any and all such security interests and liens except as
expressly provided herein; and iii) agrees to execute and deliver to Lender any
and all agreements and other documentation and to take any and all actions
reasonably requested by Lender at any time to assure the perfection, protection,
and enforcement of Lender's rights under the Loan Agreement as amended hereby
with respect to all such security interests and liens, all at Borrower's sole
expense.

     6. REAFFIRMATION. Except as modified hereby, all of the terms, covenants,
and conditions of the Loan Agreement are ratified, reaffirmed, and confirmed and
shall continue in full force and effect. Should any term or provision of the
Loan Agreement conflict with the terms or provisions contained in this Amendment
the terms and provisions of this Amendment shall be controlling. This Amendment
is not intended to be, nor shall it be construed to be, a novation or an accord
and satisfaction of any other obligation or liability of Borrower to Lender.

     7. BINDING EFFECT. This Amendment shall be binding upon Borrower, Lender,
and their respective successors and assigns, and shall inure to the benefit of
Borrower, Lender, and their respective successors and assigns; provided,
however, that Borrower may not assign this Amendment, the Loan Agreement, or its
rights arising out of any agreements or instruments relating thereto without
Lender's prior written consent, and any prohibited assignment shall be null and
void.

     8. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any
number of counterparts and by the different parties on separate counterparts.
Each such counterpart shall be deemed to be an original, but all such
counterparts shall together constitute one and the same agreement. This
Amendment shall be deemed to have been executed and delivered on the Effective
Date.

     9. AMENDMENT AND WAIVER. No amendment or waiver of any one or more of the
provisions hereof shall be effective unless set forth in a writing and signed by
the parties hereto.

     10. GOVERNING LAW. This Amendment shall be governed by and construed in
accordance with the internal laws of the state provided for in the Loan
Agreement with reference to conflict of law principles.

     11. SEVERABILITY. Any provision of the Amendment that is held to be
inoperative, unenforceable, voidable, or invalid in any jurisdiction shall, as
to that jurisdiction, be ineffective, unenforceable, void, or invalid without
affecting the remaining provisions in that or any other jurisdiction, and to
this end the provisions of this Amendment are declared to be severable.

     12. FINAL AGREEMENT. THIS WRITTEN AMENDMENT REPRESENTS THE FINAL AGREEMENT
BETWEEN AND AMONG THE PARTIES HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT

                                       2
<PAGE>

ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN OR AMONG THE PARTIES.

     13. ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO
FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON
LAW.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered as of the day and year first above written.

                                        BANK OF AMERICA, N.A.

                                             By: /s/ Thomas E. Brown
                                                 -------------------------------
                                             Authorized Signer

                                        COST-U-LESS, INC.

                                             By: /s/ J. Jeffrey Meder
                                                 -------------------------------
                                             Authorized Signer

                                       3
<PAGE>

[Logo]

                          NOTE MODIFICATION AGREEMENT

     This Note Modification Agreement dated as of July 22, 2002 (the
"Amendment"), is entered into by and between Cost-U-Less, Inc. (whether one or
several, "Borrower"), and BANK OF AMERICA ("Lender").

                                    RECITALS

     A. On or about September 15, 2000 Borrower executed a Promissory Note
(including previous amendments, if any, the "Note") in favor of Lender in the
original amount of $8,000,000.00. The principle balance of the Note as of the
effective date of this Agreement is $4,518,000.00.

     B. Lender remains the owner and holder of the Note.

     C. Borrower and Lender wish to amend the Note as set forth in this
Amendment.

                                    AGREEMENT

     Now, therefore, in consideration of the premises and the mutual agreements
contained herein, the parties agree to amend the Note as follows:

     1. AMENDMENT TO NOTE. The Note is amended as follows:

          1.1 The maturity date is changed to: October 1, 2002.

All other terms, conditions and covenants in the Note shall be and remain in
full force and effect. When executed by Lender and Borrower, this Amendment
shall be attached to and become a part of the Note.

     2. REPRESENTATIONS AND WARRANTIES. In order to induce the Lender to enter
into this Amendment, Borrower hereby represents and warrants to Lender that
except as has been previously disclosed in writing by Borrower to Lender; i) all
of the representations and warranties set forth in the Note are true and correct
on and as of the date of this Amendment and are applicable to this Amendment;
ii) no default has occurred under the Note; iii) no event, which, with the
giving of notice or lapse of time or both, would cause a default under the Note
has occurred and is continuing; and iv) since the date of the Note there has
been no material adverse change in the financial condition or business
operations of the Borrower. Further, Borrower hereby represents and warrants to
Lender that the individuals signing this Amendment on behalf of Borrower are
duly authorized by Borrower to enter into this Amendment.

     3. CONDITIONS PRECENDENT. This Amendment shall become effective (the
"Effective Date") when:

          3.1 This Amendment has been executed by Borrower and Lender,

          3.2 All actions required to be taken by Borrower in connection with
the transactions contemplated by this Amendment have been taken in form and
substance satisfactory to Lender;

          3.3 Lender has received counterpart originals of this Amendment
executed by all parties listed on the signature page(s) hereto and originals or
certified or other copies of such other documents as Lender may reasonably
request.

                                       1
<PAGE>

          3.4 Borrower shall be in compliance with all other terms and
conditions of the Note other than as specifically provided herein.

     4. CONFIRMATION OF COLLATERAL/FURTHER ASSURANCES. Borrower hereby: i)
confirms to Lender all security interests and liens heretofore granted by it to
Lender securing the obligations of Borrower to Lender arising out of the Note;
ii) acknowledges and agrees that all such obligations shall continue to be
secured by any and all such security interests and liens except as expressly
provided herein; and iii) at Borrower's sole cost and expense, agrees to execute
and deliver to Lender any and all agreements and other documentation and to take
any and all actions reasonably requested by Lender at any time to assure the
perfection, protection, and enforcement of Lender's rights under the Note as
amended hereby with respect to all such security interests and liens.

     5. REAFFIRMATION. Except as modified hereby, all of the terms, covenants,
and conditions of the Note are ratified, reaffirmed, and confirmed and shall
continued in full force and effect. Should any term or provision of the Note
conflict with the terms or provisions contained in this Amendment the terms and
provisions of this Amendment shall be controlling. This Amendment is not
intended to be, nor shall it be construed to be, a novation or an accord and
satisfaction of any other obligation or liability of Borrower to Lender.

     6. BINDING EFFECT. This Amendment shall be binding upon Borrower, Lender,
and their respective successors and assigns, and shall inure to the benefit of
Borrower, Lender, and their respective successors and assigns; provided,
however, that Borrower may not assign this Amendment, the Note, or its rights
arising out of any agreements or instruments relating thereto without Lender's
prior written consent, and any prohibited assignment shall be null and void.

     7. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any
number of counterparts and by the different parties on separate counterparts.
Each such counterpart shall be deemed to be an original, but all such
counterparts shall together constitute one and the same agreement. This
Amendment shall be deemed to have been executed and delivered on the Effective
Date.

     8. AMENDMENT AND WAIVER. No amendment or waiver of any one or more of the
provisions hereof shall be effective unless set forth in a writing and signed by
the parties hereto.

     9. GOVERNING LAW. The Amendment shall be governed by and construed in
accordance with the internal laws of the state provided for in the Note without
reference to conflict of law principles.

     10. SEVERABILITY. Any provision of this Amendment that is held to be
inoperative, unenforceable, voidable, or invalid in any jurisdiction shall, as
to that jurisdiction, be ineffective, unenforceable, void, or invalid without
affecting the remaining provisions in that or any other jurisdiction, and to
this end the provisions of this Amendment are declared to be severable.

     11. FINAL AGREEMENT. THIS WRITTEN AMENDMENT REPRESENTS THE FINAL AGREEMENT
BETWEEN AND AMONG THE PARTIES HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS BETWEEN OR AMONG THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARITES.

     12. ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO
FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON
LAW.

                                       2
<PAGE>

     IN WITNESS WHEREOF, the parties hereto caused this Amendment to be duly
executed and delivered as of the day and year first above written.

                                        BANK OF AMERICA, N.A.

                                             By: /s/ Thomas E. Brown, SVP
                                                 -------------------------------
                                             Authorized Signer

                                        COST-U-LESS, INC.

                                             By: /s/ J. Jeffrey Meder, Pres.
                                                 -------------------------------
                                             Authorized Signer

                                       3DIGITAL RECORDERS, INC. Form 10-Q

	

     EXHIBIT
10.20  

FIFTH
AMENDMENT TO LOAN AND SECURITY AGREEMENT

     THIS
FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is made and entered
into this ___ day of July, 2002, by and among DIGITAL RECORDERS, INC., a North Carolina
corporation (“Digital”), TWINVISION CORP. OF NORTH AMERICA, INC., a North Carolina
corporation (“TwinVision”), and DIGITAL AUDIO CORPORATION, a North Carolina corporation
(“DAC”; Digital, TwinVision and DAC being hereinafter referred to collectively as
“Borrowers,” and individually as a “Borrower”), each with its chief executive office at
4018 Patriot Drive, Suite 100, Durham, North Carolina 27709-4068, and GUARANTY BUSINESS
CREDIT CORPORATION, a Delaware corporation, as assignee of FINOVA Capital Corporation,
successor by merger to Fremont Financial Corporation (hereinafter referred to as
“Lender”), with an office at 400 Northridge Road, Suite 1100, Atlanta, Georgia 30350. 

Recitals:

     Lender
and Borrowers are parties to a certain Loan and Security Agreement dated as of August 23,
1999, as amended by that certain First Amendment to Loan and Security Agreement dated as
of August 23, 2000, that certain letter agreement dated June 25, 2001, that certain
letter agreement dated as of September 28, 2001, and that certain letter agreement dated
January 9, 2002 (as at any time amended, the “Loan Agreement”), pursuant to which Lender
has made certain revolving credit and term loans to Borrower. 

     Borrowers
have requested that Lender modify certain terms of the Loan Agreement. Lender is willing
to make such modifications to the Loan Agreement as set forth herein. 

     The
parties desire to amend the Loan Agreement as hereinafter set forth. 

     NOW,
THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable
consideration, the receipt and sufficiency of which are hereby severally acknowledged,
the parties hereto, intending to be legally bound hereby, agree as follows: 

     1.     
Definitions.    All capitalized terms used in this Amendment, unless otherwise defined
herein, shall have the meaning ascribed to such terms in the Loan Agreement. 

     2.     
Amendments to Loan Agreement.    The Loan Agreement is hereby amended as follows: 

	 	       (a)     
By deleting in Section 2.1A of the Loan Agreement the references to “Six Million Two
Hundred and Fifty Thousand Dollars ($6,250,000)” and “Eleven Million Two Hundred and
Fifty Thousand Dollars ($11,250,000)” and by substituting references to “Six Million
Seven Hundred and Fifty Thousand Dollars ($6,750,000)” and “Eleven Million Seven Hundred
and Fifty Thousand Dollars ($11,750,000)”, respectively, in lieu thereof.

	

23 

	

	 	       (b)     
By deleting Section 6.18 of the Loan Agreement and by substituting the following new
Section 6.18 in lieu thereof:

	 	       6.18     
Interest Coverage.    Borrowers shall at all times maintain an Interest Coverage Ratio of
not less than the ratio set forth below for the periods applicable thereto:

	    Period  
	  Amount  

	 
	April 1, 2002 through	 	1.0 to 1.0	 
	June 30, 2002	 	 	 
	 
	January 1, 2002 through	 	1.0 to 1.0	 
	September 30, 2002	 	 	 
	 
	January 1, 2002 through	 	1.0 to 1.0	 
	December 31, 2002	 	 	 
	 
	January 1, 2003 through March 31,	 	1.0 to 1.0	 
	2003 and each period from January 1	 	 	 
	through March 31 of each calendar	 	 	 
	year thereafter	 	 	 
	 
	January 1, 2003 through June 30,	 	1.0 to 1.0	 
	2003 and each period from January 1	 	 	 
	through June 30 of each calendar	 	 	 
	year thereafter	 	 	 
	 
	January 1, 2003 through September 30,	 	1.0 to 1.0	 
	2003 and each period from January 1	 	 	 
	through September 30 of each calendar	 	 	 
	year thereafter	 	 	 
	 
	January 1, 2003 through December 31,	 	1.0 to 1.0	 
	2003 and each period from January 1	 	 	 
	through December 31 of each calendar	 	 	 
	year thereafter	 	 	 

	

     3.     
Ratification and Reaffirmation.      Each Borrower hereby ratifies and reaffirms the
Obligations, each of the Loan Documents and all of such Borrower’s covenants, duties,
indebtedness and liabilities under the Loan Documents. 

     4.     
Acknowledgments and Stipulations.      Each Borrower acknowledges and stipulates that the Loan
Agreement and the other Loan Documents executed by such Borrower are legal, valid and
binding obligations of such Borrower that are enforceable against such Borrower in
accordance with the terms thereof; all of the Obligations are owing and payable without
defense, offset or counterclaim (and to the extent there exists any such defense, offset
or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the
security interests and liens granted by Borrowers in favor of Lender are duly perfected,
first priority security interests and liens. 

24 

	

     5.     
Representations and Warranties.      Each Borrower represents and warrants to Lender, to
induce Lender to enter into this Amendment, that no Event of Default exists on the date
hereof, the execution, delivery and performance of this Amendment have been duly
authorized by all requisite corporate action on the part of each Borrower and this
Amendment has been duly executed and delivered by such Borrower; and all of the
representations and warranties made by such Borrower in the Loan Agreement are true and
correct on and as of the date hereof. 

     6.     
Reference to Loan Agreement.      Upon the effectiveness of this Amendment, each reference in
the Loan Agreement to “this Agreement,” “hereunder,” or words of like import shall mean
and be a reference to the Loan Agreement, as amended by this Amendment. 

     7.     
Breach of Amendment.      This Amendment shall be part of the Loan Agreement and a breach of
any representation, warranty or covenant herein shall constitute an Event of Default. 

     8.     
Expenses of Lender.      Each Borrower agrees to pay, on demand, all costs and expenses
incurred by Lender in connection with the preparation, negotiation and execution of this
Amendment and any other Loan Documents executed pursuant hereto and any and all
amendments, modifications, and supplements thereto, including, without limitation, the
costs and fees of Lender’s legal counsel and any taxes or expenses associated with or
incurred in connection with any instrument or agreement referred to herein or
contemplated hereby. 

     9.     
Amendment Fee.      In consideration of Lender’s willingness to enter into this Amendment,
Borrowers covenant and agree that, simultaneously with the execution and delivery of this
Amendment by Borrowers, Borrowers shall pay to Lender a non-refundable amendment fee in
the amount of $5,000, in immediately available funds. 

     10.     
Effectiveness; Governing Law.      This Amendment shall be effective upon acceptance by Lender
in Atlanta, Georgia (notice of which acceptance is hereby waived), whereupon the same
shall be governed by and construed in accordance with the internal laws of the State of
Georgia. 

     11.     
Successors and Assigns.      This Amendment shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns. 

     12.     
No Novation, etc..      Except as otherwise expressly provided in this Amendment, nothing herein
shall be deemed to amend or modify any provision of the Loan Agreement or any of the
other Loan Documents, each of which shall remain in full force and effect. This Amendment
is not intended to be, nor shall it be construed to create, a novation or accord and
satisfaction, and the Loan Agreement as herein modified shall continue in full force and
effect. 

     13.     
Counterparts; Telecopied Signatures.      This Amendment may be executed in any number of
counterparts and by different parties to this Amendment on separate counterparts, each of
which, when so executed, shall be deemed an original, but all such counterparts shall
constitute one and the same agreement. Any signature delivered by a party by facsimile
transmission shall be deemed to be an original signature hereto. 

25 

	

     14.     
Further Assurances.      Each Borrower agrees to take such further actions as Lender shall
reasonably request from time to time in connection herewith to evidence or give effect to
the amendments set forth herein or any of the transactions contemplated hereby. 

     15.     
Section Titles.      Section titles and references used in this Amendment shall be without
substantive meaning or content of any kind whatsoever and are not a part of the
agreements among the parties hereto. 

     16.     
Release of Claims.      To induce Lender to enter into this Amendment, each Borrower hereby
releases, acquits and forever discharges Lender, and all officers, directors, agents,
employees, successors and assigns of Lender, from any and all liabilities, claims,
demands, actions or causes of action of any kind or nature (if there be any), whether
absolute or contingent, disputed or undisputed, at law or in equity, or known or unknown,
that such Borrower now has or ever had against Lender arising under or in connection with
any of the Loan Documents or otherwise. Each Borrower represents and warrants to Lender
that such Borrower has not transferred or assigned to any Person any claim that such
Borrower ever had or claimed to have against Lender. 

     17.     
Waiver of Jury Trial.      To the fullest extent permitted by applicable law, the parties
hereto each hereby waives the right to trial by jury in any action, suit, counterclaim or
proceeding arising out of or related to this Amendment. 

     IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under
seal and delivered by their respective duly authorized officers on the date first written
above. 

	ATTEST: 		DIGITAL RECORDERS, INC.
(“Borrower”)

	

______________________________

Secretary

[CORPORATE SEAL]
		

By: ________________________________________

      Title: ___________________________________

	ATTEST: 		TWINVISION CORP. OF NORTH
AMERICA, INC.
(“Borrower”)

	

______________________________

Secretary

[CORPORATE SEAL]
		

By: ________________________________________

      Title: ___________________________________

	

26 

	

	ATTEST: 		DIGITAL AUDIO CORPORATION
(“Borrower”)

	

______________________________

Secretary

[CORPORATE SEAL]
		

By: ________________________________________

      Title: ___________________________________

	 		Accepted in Atlanta, Georgia

GUARANTY BUSINESS CREDIT
CORPORATION (“Lender”)
	

		

By: ________________________________________

      Title: ___________________________________

	

27 

	

CONSENT AND
REAFFIRMATION

     The
undersigned guarantor of the Obligations of Borrowers at any time owing to Lender hereby:
(i) acknowledges receipt of a copy of the foregoing Fifth Amendment to Loan and Security
Agreement; (ii) consents to each Borrower’s execution and delivery thereof and of the
other documents, instruments or agreements each Borrower agrees to execute and deliver
pursuant thereto; (iii) agrees to be bound thereby; and (iv) affirms that nothing
contained therein shall modify in any respect whatsoever its guaranty of the Obligations
and reaffirms that such guaranty is and shall remain in full force and effect. 

     IN
WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation on the date
of such Fifth Amendment to Loan and Security Agreement. 

	ATTEST: 		ROBINSON-TURNEY INTERNATIONAL, INC.

	

______________________________

Secretary

[CORPORATE SEAL]
		

By: ________________________________________

      Title: ___________________________________

	

28 

	

DIGITAL
RECORDERS, INC.
SECRETARY’S
CERTIFICATE
OF
BOARD OF
DIRECTORS RESOLUTIONS

     I,
__________________, DO HEREBY CERTIFY, that I am the Secretary of DIGITAL RECORDERS, INC.
(the “Corporation”), a corporation duly organized and existing under and by virtue of the
laws of the State of North Carolina and am keeper of the records and seal thereof; that
the following is a true, correct and compared copy of the resolutions duly adopted by the
unanimous consent of all members of the Board of Directors of said Corporation effective
as of July ___, 2002; and that said resolutions are still in full force and effect: 

     RESOLVED,
that the Chairman of the Board, President, any Vice President, or any other officer or
board member of this Corporation (or the designee of any of them), each be, and each
hereby is, authorized and empowered (either alone or in conjunction with any one or more
of the other officers of the Corporation) to take, from time to time, all or any part of
the following actions on or in behalf of the Corporation: (i) to make, execute and
deliver to GUARANTY BUSINESS CREDIT CORPORATION (“Lender”) (1) a Fifth Amendment to Loan
and Security Agreement (the “Amendment”) providing for the amendment of certain terms of
that certain Loan and Security Agreement dated as of August 23, 1999, among the
Corporation, the other borrowers noted therein and Lender (as at any time amended, the
“Loan Agreement”), and (2) all other agreements, documents and instruments contemplated
by or referred to in the Amendment or executed by the Corporation in connection
therewith; said Amendment and other agreements, documents and instruments to be
substantially in the form presented by Lender with such additional, modified or revised
terms as may be acceptable to any officer or director of the Corporation, as conclusively
evidenced by his or her execution thereof; and (ii) to carry out, modify, amend or
terminate any arrangements or agreements at any time existing between the Corporation and
Lender. 

     RESOLVED,
that any arrangements, agreements, security agreements, or other instruments or documents
referred to or executed pursuant to the Amendment by any officer or director of the
Corporation, or by an employee of the Corporation acting pursuant to delegation of
authority, may be attested by such person and may contain such terms and provisions as
such person shall, in his or her sole discretion, determine. 

     RESOLVED,
that the Loan Agreement and each amendment to the Loan Agreement heretofore executed by
any officer or director of the Corporation and any actions taken under the Loan Agreement
as thereby amended are hereby ratified and approved. 

	

     I DO
FURTHER CERTIFY that __________________ is the President of the Corporation and
____________________ is the Secretary of the Corporation and each is duly elected,
qualified and acting as such, respectively. 

     IN
WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Corporation,
this ____ day of July, 2002. 

			
______________________________

Secretary

[CORPORATE SEAL]

	

     I,
___________________, President of said Corporation, do hereby certify that the foregoing
is a correct copy of the resolutions passed by the Board of Directors of the Corporation
and that ____________________ is Secretary of the Corporation and is duly authorized to
attest to the passage of said resolutions. 

			
______________________________

President

	

TWINVISION
CORP. OF NORTH AMERICA, INC.
SECRETARY’S
CERTIFICATE
OF
BOARD OF
DIRECTORS RESOLUTIONS

     I,
__________________, DO HEREBY CERTIFY, that I am the Secretary of TWINVISION CORP. OF
NORTH AMERICA, INC. (the “Corporation”), a corporation duly organized and existing under
and by virtue of the laws of the State of North Carolina and am keeper of the records and
seal thereof; that the following is a true, correct and compared copy of the resolutions
duly adopted by the unanimous consent of all members of the Board of Directors of said
Corporation effective as of July ___, 2002; and that said resolutions are still in full
force and effect: 

     RESOLVED,
that the Chairman of the Board, President, any Vice President, or any other officer or
board member of this Corporation (or the designee of any of them), each be, and each
hereby is, authorized and empowered (either alone or in conjunction with any one or more
of the other officers of the Corporation) to take, from time to time, all or any part of
the following actions on or in behalf of the Corporation: (i) to make, execute and
deliver to GUARANTY BUSINESS CREDIT CORPORATION (“Lender”) (1) a Fifth Amendment to Loan
and Security Agreement (the “Amendment”) providing for the amendment of certain terms of
that certain Loan and Security Agreement dated as of August 23, 1999, among the
Corporation, the other borrowers noted therein and Lender (as at any time amended, the
“Loan Agreement”), and (2) all other agreements, documents and instruments contemplated
by or referred to in the Amendment or executed by the Corporation in connection
therewith; said Amendment and other agreements, documents and instruments to be
substantially in the form presented by Lender with such additional, modified or revised
terms as may be acceptable to any officer or director of the Corporation, as conclusively
evidenced by his or her execution thereof; and (ii) to carry out, modify, amend or
terminate any arrangements or agreements at any time existing between the Corporation and
Lender. 

     RESOLVED,
that any arrangements, agreements, security agreements, or other instruments or documents
referred to or executed pursuant to the Amendment by any officer or director of the
Corporation, or by an employee of the Corporation acting pursuant to delegation of
authority, may be attested by such person and may contain such terms and provisions as
such person shall, in his or her sole discretion, determine. 

     RESOLVED,
that the Loan Agreement and each amendment to the Loan Agreement heretofore executed by
any officer or director of the Corporation and any actions taken under the Loan Agreement
as thereby amended are hereby ratified and approved. 

	

     I DO
FURTHER CERTIFY that __________________ is the President of the Corporation and
____________________ is the Secretary of the Corporation and each is duly elected,
qualified and acting as such, respectively. 

     IN
WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Corporation,
this ____ day of July, 2002. 

			
______________________________

Secretary

[CORPORATE SEAL]

	

     I,
___________________, President of said Corporation, do hereby certify that the foregoing
is a correct copy of the resolutions passed by the Board of Directors of the Corporation
and that ____________________ is Secretary of the Corporation and is duly authorized to
attest to the passage of said resolutions. 

			
______________________________

President

	

DIGITAL
AUDIO CORPORATION
SECRETARY’S
CERTIFICATE
OF
BOARD OF
DIRECTORS RESOLUTIONS

     I,
__________________, DO HEREBY CERTIFY, that I am the Secretary of DIGITAL AUDIO
CORPORATION (the “Corporation”), a corporation duly organized and existing under and by
virtue of the laws of the State of North Carolina and am keeper of the records and seal
thereof; that the following is a true, correct and compared copy of the resolutions duly
adopted by the unanimous consent of all members of the Board of Directors of said
Corporation effective as of July ___, 2002; and that said resolutions are still in full
force and effect: 

     RESOLVED,
that the Chairman of the Board, President, any Vice President, or any other officer or
board member of this Corporation (or the designee of any of them), each be, and each
hereby is, authorized and empowered (either alone or in conjunction with any one or more
of the other officers of the Corporation) to take, from time to time, all or any part of
the following actions on or in behalf of the Corporation: (i) to make, execute and
deliver to GUARANTY BUSINESS CREDIT CORPORATION (“Lender”) (1) a Fifth Amendment to Loan
and Security Agreement (the “Amendment”) providing for the amendment of certain terms of
that certain Loan and Security Agreement dated as of August 23, 1999, among the
Corporation, the other borrowers noted therein and Lender (as at any time amended, the
“Loan Agreement”), and (2) all other agreements, documents and instruments contemplated
by or referred to in the Amendment or executed by the Corporation in connection
therewith; said Amendment and other agreements, documents and instruments to be
substantially in the form presented by Lender with such additional, modified or revised
terms as may be acceptable to any officer or director of the Corporation, as conclusively
evidenced by his or her execution thereof; and (ii) to carry out, modify, amend or
terminate any arrangements or agreements at any time existing between the Corporation and
Lender. 

     RESOLVED,
that any arrangements, agreements, security agreements, or other instruments or documents
referred to or executed pursuant to the Amendment by any officer or director of the
Corporation, or by an employee of the Corporation acting pursuant to delegation of
authority, may be attested by such person and may contain such terms and provisions as
such person shall, in his or her sole discretion, determine. 

     RESOLVED,
that the Loan Agreement and each amendment to the Loan Agreement heretofore executed by
any officer or director of the Corporation and any actions taken under the Loan Agreement
as thereby amended are hereby ratified and approved. 

	

     I DO
FURTHER CERTIFY that __________________ is the President of the Corporation and
____________________ is the Secretary of the Corporation and each is duly elected,
qualified and acting as such, respectively. 

     IN
WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the Corporation,
this ____ day of July, 2002. 

			
______________________________

Secretary

[CORPORATE SEAL]

	

     I,
___________________, President of said Corporation, do hereby certify that the foregoing
is a correct copy of the resolutions passed by the Board of Directors of the Corporation
and that ____________________ is Secretary of the Corporation and is duly authorized to
attest to the passage of said resolutions. 

			
______________________________

President

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