Exhibit 10.22
LOAN AGREEMENT
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FIRST AMENDMENT
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This First Amendment is made as of April 30, 1997 by and among XXXXXX
AUTOMATION, INC., a Delaware corporation, XXXXXX AUTOMATION CANADA CORP., a
corporation organized under the laws of British Columbia, Canada, XXXXXX
AUTOMATION K.K., a stock corporation organized under the laws of Japan, XXXXXX
AUTOMATION LTD., a private company limited by shares organized under the laws of
England, and XXXXXX AUTOMATION MASSACHUSETTS SECURITIES CORP., a Massachusetts
corporation (each a "Borrower" and collectively the "Borrowers") and USTRUST, a
Massachusetts Trust Company (the "Bank").
WHEREAS, the Borrowers entered into a Loan Agreement with the Bank dated
June 25, 1996 (the "Loan Agreement") in connection with a $15,000,000 unsecured
revolving line of credit; and
WHEREAS, the Borrowers have requested and the Bank has consented to an
extension of the Termination Date.
NOW THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties contained herein and of those contained in the
Loan Agreement and of the faithful performance of said covenants and agreements,
the Borrowers and the Bank covenant, agree, represent and warrant as follows:
1. Terms. Terms defined in the Loan Agreement are used herein as so defined
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unless otherwise specifically stated herein.
2. Representations and Warranties. In order to induce the Bank to enter
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into this First Amendment and to continue the credits provided in the
Loan Agreement as amended hereby, the Borrowers hereby affirm and
restate as of the date thereof and hereof all of the representations and
warranties of the Borrowers contained in the Loan Agreement.
3. Amendment. The definition of "Termination Date" in Section 1 on Page 6
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of the Loan Agreement is amended and shall hereafter read as follows:
"Termination Date. December 31, 1998."
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4. Except as specifically amended hereby, all other terms and provisions of
the Loan Agreement shall remain in full force and effect.
5. This First Amendment shall be binding upon and inure to the benefits of
the parties hereto, their successors and assigns.
EXECUTED as an instrument under seal after the date first above written.
USTRUST XXXXXX AUTOMATION, INC.
By: \s\Xxxxxx X. Xxxxxxxx By: \s\Signature appears here
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Xxxxxx X. Xxxxxxxx, Vice President
XXXXXX AUTOMATION CANADA
CORP.
By:\s\Signature appears here
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XXXXXX AUTOMATION K.K.
By:\s\Signature appears here
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XXXXXX AUTOMATION
MASSACHUSETTS
SECURITIES CORP.
By:\s\Signature appears here
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XXXXXX AUTOMATION LTD.
By:\s\Signature appears here
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