Amended and Restated Secured Business Loan Agreement dated as of February 18, 2000 between Bank of
America, NA and Spectrum Numismatics International, Inc.
Bank of America, National Association
231 South LaSalle Street
Chicago, Illinois 60697
Amended and Restated Secured Business Loan Agreement
THIS AMENDED AND RESTATED SECURED BUSINESS LOAN AGREEMENT ("Agreement") dated as
of February 18, 2000, is between BANK OF AMERICA, NATIONAL ASSOCIATION (the 'Bank') and
SPECTRUM NUMISMATICS INTERNATIONAL, INC. (the "Borrower") and amends and restates that
certain Amended and Restated Secured Business Loan Agreement dated as of April 20, 1998, as amended,
between the Bank and the Borrower.
I. LINE OF CREDIT AMOUNT AND TERMS.
I. I Line of Credit Amount.
(a) During the Availability Period defined below, the Bank will provide A line of credit (the "Line of Credit') to
the Borrower. The amount: of the Line of Credit (the 'Line of Credit Commitment'}is the lesser of:
(i) $10,000,000 or
(ii) the Borrowing Base (as defined in Section 1. l(b)) or
(iii) the loan value of Acceptable Securities (defined below) pledged to the Bank. The loan value of an
Acceptable Security will be equal to fifty percent(50%) of its Market Value (as defined in Section 1.4(c)). The
advance rate specified above may be changed by the Bank at any time for reasonable cause, including for the
purpose of complying with changes in laws or regulations applicable to loans of this type. An "Acceptable
Security" means any common stock duly authorized and issued by Greg Manning Auctions, Inc. that is publicly
traded on a national securities exchange or on the National Association of Securities Dealer Automated
Quotation System and has a market price of at least $ 10.00 per share or unit
In addition, if the security is or has been subject to Rule 144 of the Securities and Exchange Commission, all
holding periods and other requirements of the applicable rule must have been met as of the date of the security is