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<br />30 <br /> <br />N1ENDMENT #1 TO LOAN CONTRACT <br />BETWEEN THE EMBER INDUSTRIES, INC. <br />AND THE CITY OF SAN MARCOS, TEXAS <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF HAYS <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS: <br /> <br />SECTION 1. <br /> <br />The Ember Industries, Inc. (Ember) and the City of San <br /> <br />Harcos, <br /> <br />Texas <br /> <br />(City) contract and agree to amend their loan agreement <br /> <br />entered into on November 12,1986. <br /> <br />SECTION 2. <br /> <br />The City and Ember agree to amend <br /> <br />their <br /> <br />contract <br /> <br />by <br /> <br />moving <br /> <br />funds <br /> <br />from <br /> <br />one budget category to another and establishing an <br /> <br />effective date. <br /> <br />SECTION 3. <br /> <br />The <br /> <br />City <br /> <br />and <br /> <br />Ember <br /> <br />ag ree to <br /> <br />amend <br /> <br />the <br /> <br />contract <br /> <br />identified <br /> <br />in <br /> <br />Section <br /> <br />1 above <br /> <br />by <br /> <br />de Ie ting <br /> <br />Part <br /> <br />I, Section 2A and <br /> <br />replacing it with the following: <br /> <br />. . . <br /> <br />A. <br /> <br />Use $80,000.00 of loan funds for machinery and equipment and <br />$47,000.00 of loan funds for working capital. <br /> <br />SECTION 4. <br /> <br />The City and Ember agree <br /> <br />that <br /> <br />this <br /> <br />amendment <br /> <br />shall <br /> <br />become effective on February 9, 1987. <br /> <br />SECTION 5. <br /> <br />The City and Ember agree that the Mayor, J.E. Younger, <br /> <br />is authorized to execute this amendment and any and all other documents <br /> <br />necessary <br /> <br />to <br /> <br />effect <br /> <br />the <br /> <br />purposes <br /> <br />thereo f , <br /> <br />on behalf of said City. <br /> <br />SECTION <br /> <br />6. <br /> <br />The <br /> <br />Ci ty <br /> <br />and <br /> <br />Ember <br /> <br />agree <br /> <br />that <br /> <br />nothing in <br /> <br />this <br /> <br />amendment <br /> <br />shall <br /> <br />be construed as authorizing any violation of Federal, <br /> <br />State, or local laws or regulations as <br /> <br />they <br /> <br />pertain to <br /> <br />the <br /> <br />contract <br /> <br />identified in Section 1 above. <br /> <br />SECTION <br /> <br />7. <br /> <br />By the signing of this amendment, the City and Ember <br /> <br />understand and agree that this amendment <br /> <br />shall <br /> <br />become a <br /> <br />part of <br /> <br />the <br /> <br />contract identified above in Section 1 as though it were set forth word <br /> <br />for word therein. <br /> <br />IN <br /> <br />vJI TNESS <br /> <br />THEREOF, <br /> <br />Representa ti ves <br /> <br />of the City and Ember have <br /> <br />executed this amendment as of <br /> <br />February 10 <br /> <br />, 19 87 <br />