AMENDMENT NO. 1 TO LOAN AGREEMENT
This Amendment No. 1 to Loan Agreement ("Amendment") is made as of September
29, 1997 between DowElanco LLC, a Delaware corporation, f/k/a DowElanco, an
Indiana general partnership (the "Lender"), and Mycogen Corporation, a
California corporation (the "Borrower") (together, the "parties").
WHEREAS, the parties executed a Loan Agreement as of April 1, 1997 (the
"Agreement"); and
WHEREAS, the parties wish to amend the Agreement;
NOW THEREFORE, the parties hereto have agreed and do hereby agree to amend the
Agreement as follows:
Section 1.3 Cancellation/Reduction is hereby deleted in its entirety and
replaced with the following:
1.3 Cancellation/Reduction
As provided under 2. EVENTS OF DEFAULT the Borrower or Lender may at
any time permanently reduce the Commitment and the unpaid principal and
all interest shall be due and payable immediately.
All other terms and conditions of the Agreement shall remain in full
force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed on the date first written above.
LENDER: BORROWER:
DowElanco LLC Mycogen Corporation
By: /s/ Xxxx X. Xxxxxxx By: /s/ Xxxxx X. Xxxxxxx
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Printed: Xxxx X. Xxxxxxx Printed: Xxxxx X. Xxxxxxx
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Title: Treasurer Title: VP CFO
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Date: 9/23/97 Date: 9/29/97
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