EXHIBIT 10.13
FLEET BANK
August 22, 1997
Xx. Xxxxxxxxx X. Xxxxxx
Chief Financial Officer
Aseco Corporation
000 Xxxxxx Xxxxx Xxxxxxxxx
Xxxxxxxx, XX 00000
Dear Sebastian:
Reference is hereby made to the Letter Agreement (the "Agreement") executed
by and between Aseco Corporation and Fleet National Bank (as successor to
Fleet Bank of Massachusetts, N.A.) as of November 27, 1992 and amended as of
July 30, 1993, August 2, 1994, August 24, 1995 and August 30, 1996. We are
pleased to inform you that we have approved an extension of the Expiration
Date from September 1, 1997 to September 1, 1998. Nothing herein shall be
deemed to constitute a waiver, release or amendment of any other terms of the
agreement.
The Borrower represents and warrants that the execution of this amendment
has been duly authorized by the Borrower by all necessary corporate and other
action and that the execution will not conflict with, violate the provisions
of, or cause a default or constitute an event which, with the passage of time
or giving of notice or both, could cause a default on the part of the Borrower
under its charter documents or by-laws or under any contract, agreement, law,
rule, order, ordinance, franchise, instrument or other document, or result in
the imposition of any lien or encumbrance on any property or asset of the
Borrower.
The Borrower further represents that this agreement and the attached
Promissory Note each represent legal, valid and binding obligations of the
Borrower, enforceable against the Borrower in accordance with their respective
terms. In addition, the statements, representations and warranties made in the
Agreement continue to be correct as of the date hereof and the Borrower is in
compliance with all terms of the Agreement. Except as expressly affected
hereby, the Agreement remains in full force and effect as heretofore.
Sebastian, we are pleased to extend the Agreement and look forward to
continuing our relationship with Aseco Corporation. Please sign below and
execute the attached note to evidence your acceptance of this amendment.
Sincerely,
Xxxxxx X. Xxxxxx
Senior Vice President
High Technology Group
Agreed and Accepted: Xxxxxxxxx X. Xxxxxx September 3,
title: Vice President and CFO 1997
Date
B-1
