Document:

<PAGE>   1
                                                                   EXHIBIT 10.34

                               FIRST AMENDMENT TO
                        LOAN AGREEMENT AND LOAN DOCUMENTS

         THIS FIRST AMENDMENT TO LOAN AGREEMENT AND LOAN DOCUMENTS
("Amendment") dated as of the 25th day of March, 1998, is made and entered into
on the terms and conditions hereinafter set forth, by and between ELECTRONICS
ACCESSORY SPECIALISTS INTERNATIONAL, INC., a Delaware corporation ("Borrower"),
and SIRROM CAPITAL CORPORATION, a Tennessee corporation ("Lender").

                              W I T N E S S E T H:

         WHEREAS, Lender made a term loan to Borrower in the original principal
amount of One Million Six Hundred Thousand and No/100ths Dollars ($1,600,000.00)
(the "Loan") on the terms and conditions set forth in that certain Loan
Agreement dated as of June 24, 1997, by and between Lender and Borrower (as now
or hereafter amended, the "Loan Agreement"); capitalized terms used herein but
not otherwise defined shall have the meanings ascribed thereto in the Loan
Agreement; and

         WHEREAS, the Loan is further evidenced and secured by certain
agreements, documents and instruments as more particularly described in the Loan
Agreement and defined therein as the "Loan Documents"; and

         WHEREAS, the Loan and the Loan Documents were assigned by Lender to
Sirrom Funding Corporation ("SFC"), a wholly owned subsidiary of Lender; and

         WHEREAS, Borrower desires to borrow from Lender and Lender desires to
lend to Borrower an additional One Million Seven Hundred Fifty Thousand and
No/100ths Dollars ($1,750,000.00) (the "Additional Loan"), all on the terms and
conditions set forth in the Loan Agreement, secured and evidenced by among other
things (a) a security interest in certain personal property granted pursuant to
that certain Security Agreement dated as of June 24, 1997, by and between Lender
and Borrower (the "Security Agreement"); and (b) a security interest in certain
intellectual property granted pursuant to that certain Amended and Restated
Trademark and Patent Security Agreement dated as of July 29, 1997, by and
between Lender and Borrower; and

         WHEREAS, this Amendment shall amend the Loan Documents.

                                   AGREEMENT:

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Borrower and Lender hereby agree as follows:

<PAGE>   2

     1. The second sentence of Section 1.1 of the Loan Agreement is hereby
amended to read in its entirety as follows: 1.

        The Loan shall be evidenced (i) a promissory note (the "First Note") in
        the original principal amount of One Million Six Hundred Thousand and
        No/100ths Dollars ($1,600,000.00) substantially in the form of Exhibit A
        attached hereto and incorporated herein by this reference, dated June
        24, 1997, executed by Borrower in favor of Lender, and (ii) a promissory
        note (the "Second Note") in the original principal amount of One Million
        Seven Hundred Fifty Thousand and No/100ths Dollars ($1,750,000.00),
        substantially in the form of Exhibit A attached to the Amendment and
        incorporated herein by this reference, of even date with the Amendment,
        executed by Borrower in favor of Lender (the First Note and the Second
        Note shall be referred to herein collectively as the "Note").

     2. The obligations of Borrower in connection with and/or relating to the
Additional Loan are further evidenced and/or secured by the Loan Documents.

     3. Upon satisfaction of the conditions set forth in Section 9 hereof,
Lender shall immediately disburse the proceeds of the Additional Loan to
Borrower by wire transfer upon instructions therefor given to Lender.

     4. Borrower hereby represents and warrants to Lender that (i) all of the
representations made in Section 2.1 of the Loan Agreement are true and correct
as of the date hereof, except as modified or supplemented by Schedule A attached
hereto and incorporated herein by this reference; and (ii) no Event of Default
has occurred and is continuing.

     5. The covenants and agreements in Article III of the Loan Agreement shall
continue in full force and effect.

     6. Borrower hereby represents and warrants to Lender that all
representations regarding Borrower's location(s) set forth in Section 3(f) of
the Security Agreement are true and correct as of the date hereof.

     7. Borrower shall pay to Lender a processing fee of $43,750.00 in
connection with the Additional Loan, $15,000 of which has previously been paid
and $28,750 of which shall be paid upon the closing of the Additional Loan.

     8. Borrower shall use the proceeds of the Additional Loan for working
capital and to pay all costs and expenses incurred by the parties hereto in
connection with the making and documentation of the Additional Loan.

                                       2
<PAGE>   3

     9. The obligation of Lender to fund the Additional Loan on the date hereof
is subject to Borrower's satisfaction of each of the following conditions:

     (a) delivery to Lender of a Secured Promissory Note executed by Borrower,
substantially in the form of Exhibit A attached hereto;

     (b) delivery to Lender of a Stock Purchase Warrant executed by Borrower
(the "Stock Purchase Warrant") together with a warrant valuation letter, each in
form and substance acceptable to Lender;

     (c) delivery to Lender of an Amended and Restated Stock Purchase Warrant
executed by Borrower in form and substance acceptable to Lender;

     (d) delivery to Lender of copies of certificate of incorporation and other
publicly filed organizational documents of Borrower, certified by the Secretary
of State or other public official in the jurisdiction in which Borrower is
incorporated;

     (e) delivery to Lender of an opinion of Jackson Walker L.L.P., as
Borrower's counsel, of even date herewith, in form and substance reasonably
acceptable to Lender's counsel, Chambliss, Bahner & Stophel, P.C.;

     (f) delivery to Lender of resolutions of Borrower's Board of Directors
authorizing the Additional Loan, the issuance of the Stock Purchase Warrant in
connection therewith and the reservation of the shares to be issued in
connection with the Stock Purchase Warrant;

     (g) delivery to Lender of an Authorization Agreement for Pre-Authorized
Payments completed and executed by Borrower; and

     (h) delivery to Lender of a certificate as to the legal existence and good
standing of Borrower, issued by the Secretary of State or other appropriate
public official in the jurisdiction in which Borrower is incorporated.

     10. The terms "Loan Document" and "Loan Documents" as defined in the Loan
Agreement are amended to include this Amendment and any and all other documents
relating to the Loan or the Additional Loan (i) by and between Borrower or any
other person or entity and Lender or (ii) executed by Borrower or any other
person or entity in favor of Lender.

     11. Borrower hereby acknowledges that the original Loan (as evidenced by
the First Note) was assigned by Lender to SFC and that upon the closing of the
Additional Loan, the Additional Loan may also be assigned to SFC.

                                       3
<PAGE>   4

     12. Except as modified and amended hereby, the Loan Documents shall remain
in full force and effect.

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

BORROWER:                                LENDER:
--------                                 ------

ELECTRONICS ACCESSORY                    SIRROM CAPITAL CORPORATION, a
SPECIALISTS INTERNATIONAL,               Tennessee corporation
INC., a Delaware corporation

By: /s/ Charles R.  Mollo                By: /s/ Elizabeth Lundig
   ------------------------------           ------------------------------------

Title:   CEO                             Title: Assistant-Vice President
      ---------------------------              ---------------------------------

                                       4<PAGE>   1
                                                                   EXHIBIT 10.35

                             SECURED PROMISSORY NOTE

$1,600,000.00                                                      June 24, 1997

         FOR VALUE RECEIVED, the undersigned, ELECTRONICS ACCESSORY SPECIALISTS
INTERNATIONAL, INC, a Delaware corporation ("Maker"), promises to pay to the
order of SIRROM CAPITAL CORPORATION, a Tennessee corporation ("Payee"; Payee and
any subsequent holder[s] hereof are hereinafter referred to collectively as
"Holder"), at the office of Payee at P. O. Box 30378, Nashville, Tennessee
37241-0378, or at such other place as Holder may designate to Maker in writing
from time to time, the principal sum of ONE MILLION SIX HUNDRED THOUSAND AND
NO/100THS DOLLARS ($1,600,000.00), together with interest on the outstanding
principal balance hereof from the date hereof at the rate of thirteen and
one-half percent (13.5%) per annum (computed on the basis of a 360-day year);
provided, however, that Holder may charge and receive interest upon any renewal
or extension hereof at the greater of (i) the rate set out above, or (ii) any
rate agreed to by the undersigned that is not in excess of the maximum rate of
interest allowed to be charged under applicable law (the "Maximum Rate") at the
time of such renewal or extension.

         Interest only on the outstanding principal balance hereof shall be due
and payable monthly, in arrears, with the first payment being payable on the
first (1st) day of August, 1997, and subsequent payments being payable on the
first (1st) day of each succeeding month thereafter until June 23, 2002 (the
"Maturity Date"), at which time the entire outstanding principal balance,
together with all accrued and unpaid interest; shall be immediately due and
payable in full.

         The indebtedness evidenced hereby may be prepaid in whole or in part,
at any time and from time to time, without penalty. Any such prepayments shall
be credited first to any accrued and unpaid interest and then to the outstanding
principal balance hereof.

         Time is of the essence of this Note. It is hereby expressly agreed that
in the event that any default be made in the payment of principal or interest as
stipulated above, which default is not cured within five (5) days; or in the
event that any default or event of default shall occur under that certain Loan
Agreement of even date herewith, between Maker and Payee (as may be amended from
time to time, the "Loan Agreement"), which default or event of default is not
cured following the giving of any applicable notice and within any applicable
cure period set forth in said Loan Agreement; or should any default by Maker be
made in the performance or observance of any covenants or conditions contained
in any other instrument or document now or hereafter evidencing, securing or
otherwise relating to the indebtedness evidenced hereby (subject to any
applicable notice and cure period provisions that may be set forth therein);
then, and in such event, the entire outstanding principal balance of the
indebtedness evidenced hereby, together with any other sums advanced hereunder,
under the Loan Agreement and/or under any other instrument or document now

<PAGE>   2

or hereafter evidencing, securing or in any way relating to the indebtedness
evidenced hereby, together with all unpaid interest accrued thereon, shall at
the option of Holder and without notice to Maker, at once become due and payable
and may be collected forthwith, regardless of the stipulated date of maturity.
Upon the occurrence of any default as set forth herein, at the option of Holder
and without notice to Maker, all accrued and unpaid interest, if any, shall be
added to the outstanding principal balance hereof, and the entire outstanding
principal balance, as so adjusted, shall bear interest thereafter until paid at
an annual rate (the "Default Rate") equal to the lesser of (i) the rate that is
seven percentage points (7.0%) in excess of the above-specified interest rate,
or (ii) the Maximum Rate in effect from time to time, regardless of whether or
not there has been an acceleration of the payment of principal as set forth
herein. All such interest shall be paid at the time of and as a condition
precedent to the curing of any such default.

         In the event this Note is placed in the hands of an attorney for
collection, or if Holder incurs any reasonable costs incident to the collection
of the indebtedness evidenced hereby, Maker and any indorsers hereof agree to
pay to Holder an amount equal to all such reasonable costs, including without
limitation all reasonable attorney's fees and all court costs.

         Presentment for payment, demand, protest and notice of demand, protest
and nonpayment are hereby waived by Maker and all other parties hereto. No
failure to accelerate the indebtedness evidenced hereby by reason of default
hereunder, acceptance of a past-due installment or other indulgences granted
from time to time, shall be construed as a novation of this Note or as a waiver
of such right of acceleration or of the right of Holder thereafter to insist
upon strict compliance with the terms of this Note or to prevent the exercise of
such right of acceleration or any other right granted hereunder or by applicable
laws. No extension of the time for payment of the indebtedness evidenced hereby
or any installment due hereunder, made by agreement with any person now or
hereafter liable for payment of the indebtedness evidenced hereby, shall operate
to release, discharge, modify, change or affect the original liability of Maker
hereunder or that of any other person now or hereafter liable for payment of the
indebtedness evidenced hereby, either in whole or in part, unless Holder agrees
otherwise in writing. This Note may not be changed orally, but only by an
agreement in writing signed by the party against whom enforcement of any waiver,
change, modification or discharge is sought.

         The indebtedness and other obligations evidenced by this Note are
further evidenced by (i) the Loan Agreement and (ii) certain other instruments
and documents, as may be required to protect and preserve the rights of Maker
and Payee as more specifically described in the Loan Agreement.

         All agreements herein made are expressly limited so that in no event
whatsoever, whether by reason of advancement of proceeds hereof, acceleration of
maturity of the unpaid balance hereof or otherwise, shall the amount paid or
agreed to be paid to Holder for the use of the money advanced or to be advanced
hereunder exceed the Maximum Rate. If from any circumstances whatsoever, the
fulfillment of any provision of this Note or any other agreement or instrument
now or hereafter evidencing, securing or in any way relating to the indebtedness

                                       2
<PAGE>   3

evidenced hereby shall involve the payment of interest in excess of the Maximum
Rate, then, ipso facto, the obligation to pay interest hereunder shall be
reduced to the Maximum Rate; and if from any circumstance whatsoever, Holder
shall ever receive interest, the amount of which would exceed the amount
collectible at the Maximum Rate, such amount as would be excessive interest
shall be applied to the reduction of the principal balance remaining unpaid
hereunder and not to the payment of interest. This provision shall control every
other provision in any and all other agreements and instruments existing or
hereafter arising between Maker and Holder with respect to the indebtedness
evidenced hereby.

         This Note is intended as a contract under and shall be construed and
enforceable in accordance with the laws of the State of Tennessee, except to the
extent that federal law may be applicable to the determination of the Maximum
Rate.

         As used herein, the terms "Maker" and "Holder" shall be deemed to
include their respective successors, legal representatives and assigns, whether
by voluntary action of the parties or by operation of law.

                                     MAKER:

                                     ELECTRONICS ACCESSORY SPECIALISTS
                                     INTERNATIONAL, INC., a Delaware corporation

                                     By:    /s/ CHARLES R. MELLO
                                        ----------------------------------------
                                     Title: CEO
                                            ------------------------------------

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]