Exhibit 10.22
April 27, 1998
Xxxxxxx Xxxx
Chairman
Xxxx Systems, Inc.
0000 X. Xxxxxxx Xx.
Xxxxx Xxx, XX 00000
Re: Second Amendment ("Amendment") to the Loan Agreement dated June 19,
1997 (all prior Amendments, this Amendment, and the Loan Agreement
together called the "Agreement")
Dear Mr. Dirk:
In reference to the Agreement between Union Bank of California, N.A.
("Bank") and Xxxx Systems, Inc. ("Borrower"), the Bank and Borrower desire to
amend the Agreement. Capitalized terms used herein which are not otherwise
defined shall have the meaning given them in the Agreement.
Amendments to the Agreement
(a)1.5 The Standby Letters of Credit. The last sentence of the paragraph
shall be deleted and replaced with the following:
"No L/C shall expire after June 30, 1999."
Except as specifically amended hereby, the Agreement shall remain in full
force and effect and is hereby ratified and confirmed. This Amendment shall not
be a waiver of any existing or future default or breach of a condition or
covenant unless specified herein.
This Amendment shall become effective when the Bank shall have received the
acknowledgment copy of this Amendment executed by the Borrower, all of which
must be received before April 30, 1998.
Very truly yours,
UNION BANK OF CALIFORNIA, N.A.
By: /s/ Xxxxxxxx Xxxxxxx
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Title: Vice President
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By: /s/Xxxx Xxxxxx
--------------------------------
Title: Vice President
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Agreed and Accepted to this 27th day of
April, 1998.
Xxxx Systems, Inc.
By: /s/ Xxxxxxx X. Xxxx
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Title: Chief Executive Officer
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