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inq eorrower by registered or certified mail sent to the address
hereinafter prescribed for sending notices. The affidavit or
written statement of an officer, agent or attorney of Bank stating
that there has beerr a default shall constitute conclusive evidence
thereof,_and any of the Governmental Authorities, Contractors or
Purchasers or any other person is authorized and directed to rely
thereon.
4. Borrower aqrees faithfully to observe and perform all of
the obligations ahd aqreements imposed upon Borrower under the
Licenses, Contracts and Sales Agreements. From and after the date
hereof, no Contract, License or Sales Agreement may be altered,.
amended or cancelled, and no new Contract or Sales Agreement may
be entered into except in accordance with the Loan Agreement.
5. Bank will not be deemed in any manner to have assumed any
of the Additional Collateral, nor shall eank be liable to Govern-
mental Authorities, Contractors or Purchasers by reason of any de-
fa~lt by any party under the Licenses, Contracts or Sales Aqree-
ments. Borrower agrees to i~demnify and to hold Bank harmless of
and from any and all liability, loss or damage which it may or
might incur by reason of any claims or demands against it based on
its alleqed assumption of Borrower's duty and obligation to per-
form and discharqe the terms, convenants and agreements in the
Licenses, Contracts and Sales Agreements.
6. (a) After the occurrence of an Event of Default, Bank may
elect to exercise any and all of Borrower's rights and remedies
under'the Additional Collateral, witbout any interference or
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