EXHIBIT 10.12
APPLIED MICRO CIRCUITS CORPORATION
THIRD AMENDMENT TO PROMISSORY NOTE
THIS THIRD AMENDMENT TO PROMISSORY NOTE (the "Amendment"), effective as of
January 30, 1997, is entered into by and between Applied Micro Circuits
Corporation, a California corporation (the "Company"), and Xxxxx X. Xxxxxxx
("Optionee"), and is entered into with respect to the Promissory Note (the
"Note") dated as of January 30, 1992, pursuant to which the Company loaned
Optionee an aggregate principal amount of $6,000.
The parties wish to amend the Note.
NOW, THEREFORE, the Company and Optionee hereby agree as follows:
1. The principal and accrued interest under the Note shall be due and
payable in full on January 30, 1998.
2. Interest shall accrue on the unpaid principal balance of the Note
following the date of this Amendment at the rate of 5.91% per annum,
compounded annually (the minimum applicable federal rate necessary to
avoid imputation of interest as a result of this Amendment).
3. Except as expressly modified herein, the Note shall remain in full
force and effect .
4. This Amendment may be signed in one or more counterparts, each of
which shall be deemed an original and all of which, taken together,
shall be deemed one and the same document.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first above written.
APPLIED MICRO CIRCUITS CORPORATION
BY: [SIGNATURE] [SIGNATURE]
----------- -----------
Xxxxx X. Xxxxxxx
TITLE:___________________________
APPLIED MICRO CIRCUITS CORPORATION
THIRD AMENDMENT TO PROMISSORY NOTE
THIS THIRD AMENDMENT TO PROMISSORY NOTE (the "Amendment"), effective as of
January 30, 1997, is entered into by and between Applied Micro Circuits
Corporation, a California corporation (the "Company"), and Xxxxx X. Xxxxxxx
("Optionee"), and is entered into with respect to the Promissory Note (the
"Note") dated as of January 30, 1992, pursuant to which the Company loaned
Optionee an aggregate principal amount of $3,000.
The parties wish to amend the Note.
NOW, THEREFORE, the Company and Optionee hereby agree as follows:
1. The principal and accrued interest under the Note shall be due
and payable in full on January 30, 1998.
2. Interest shall accrue on the unpaid principal balance of the Note
following the date of this Amendment at the rate of 5.91% per annum,
compounded annually (the minimum applicable federal rate necessary to
avoid imputation of interest as a result of this Amendment).
3. Except as expressly modified herein, the Note shall remain in
full force and effect .
4. This Amendment may be signed in one or more counterparts, each of
which shall be deemed an original and all of which, taken together,
shall be deemed one and the same document.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first above written.
APPLIED MICRO CIRCUITS CORPORATION
BY: [SIGNATURE] [SIGNATURE]
---------------- ----------------
Xxxxx X. Xxxxxxx
TITLE:_______________________
APPLIED MICRO CIRCUITS CORPORATION
THIRD AMENDMENT TO PROMISSORY NOTE
THIS THIRD AMENDMENT TO PROMISSORY NOTE (the "Amendment"), effective as of
January 30, 1997, is entered into by and between Applied Micro Circuits
Corporation, a California corporation (the "Company"), and Xxxxx X. Xxxxxxx
("Optionee"), and is entered into with respect to the Promissory Note (the
"Note") dated as of January 30, 1992, pursuant to which the Company loaned
Optionee an aggregate principal amount of $36,431.25.
The parties wish to amend the Note.
NOW, THEREFORE, the Company and Optionee hereby agree as follows:
1. The principal and accrued interest under the Note shall be due and
payable in full on January 30, 1998.
2. Interest shall accrue on the unpaid principal balance of the Note
following the date of this Amendment at the rate of 5.91% per annum,
compounded annually (the minimum applicable federal rate necessary to
avoid imputation of interest as a result of this Amendment).
3. Except as expressly modified herein, the Note shall remain in full
force and effect .
4. This Amendment may be signed in one or more counterparts, each of
which shall be deemed an original and all of which, taken together,
shall be deemed one and the same document.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the date first above written.
APPLIED MICRO CIRCUITS CORPORATION
BY: [SIGNATURE] [SIGNATURE]
------------------ ------------------
Xxxxx X. Xxxxxxx
TITLE:__________________________
