Core States
Bank
October 22, 1997
Xx. Xxxx Xxxxxxxx, Vice President/Finance
Dataram Corporation
Xxxxx 000 xxx Xxxxxxxx Xxxx
Xxxx Xxxxxxx, XX 00000
Dear Xx. Xxxxxxxx:
This letter will serve as an amendment to the Amendment
Number One to Loan Agreement dated November 1, 1996 by and
between New Jersey National Bank (New Jersey National Bank
has merged with CoreStates Bank, N.A.) And Dataram
Corporation.
WHEREAS, the Borrower and the Bank agreed on
November 1, 1996 to amend the Loan Agreement to increase
the amount of the Revolver Credit Advance Limit and
Revolver Note from $10,000,000 to $12,000,000 until October
31, 1997, then decrease the Revolver Credit Advance Limit
to $6,000,000 on November 1, 1997, extend the Revolving
Credit Maturity Date to October 31, 1998 and correct the
Agreement
Page 1 (Section 1) is amended to:
1. The Revolving Credit Maturity Date is hereby
extended to October 31, 1999. To that end, the definition
of Revolving Credit Maturity Date contained in Section 1.01
of the Agreement is hereby amended to read in its entirety
as follows:
"Revolving Credit Maturity Date" means
October 31, 1999.
Page 1 Section 2) is amended to:
2. The amount of the Revolver Credit Advance Limit
is maintained at $12,000,000 until October 31, 1998, then
decreased to $6,000,000 on November 1, 1998 until the
Revolver Credit Maturity Date. To that end, the definition
of Revolving Credit Advance Limit Contained in Section 1.01
of the Agreement is hereby amended to read in its entirety
as follows:
"Revolving Credit Advance Limit" means the sum of
Twelve Million Dollars ($12,000,000) through October 31,
1998 and the sum of Six Million Dollars ($6,000,000 from
November 1, 1998 until the Revolving Credit Maturity Date.
All other terms and conditions remain unchanged.
Xx. Xxxx Xxxxxxxx
Page Two
Please sign below to acknowledge these changes.
Sincerely,
XXXXXXX X. XXXXX
Xxxxxxx X. Xxxxx
Vice President
Acknowledged this 28th day of October, 1997.
XXXX XXXXXXXX
__________________
Xxxx Xxxxxxxx
Vice President, Finance
Attest:
XXXXXXX XXXXXX
_________________
VP Engineering & Manufacturing
Print Name and Title
Xxxx Xxxxxx
