EXHIBIT 10.11(e)
FIRST AMENDMENT TO INVENTORY REPURCHASE AGREEMENT
THIS FIRST AMENDEMENT, dated as of the 27th day of October, 1998, is to
that certain Inventory Repurchase Agreement dated as of February 28, 1997 (as
amended hereby, the "Agreement") by and among
XXXXXXX & XXXXXXXX CO. AB, a Swedish corporation (the "Seller");
NDC AUTOMATION, INC., a corporation organized and existing under the laws
of the State of Delaware (the "Borrower");
NATIONAL BANK OF CANADA, a Canadian chartered bank ("NBC"); and
NATIONAL CANADA BUSINESS CORP., a Delaware corporation ("NCBC" hereinafter
NBC and NCBC may be refereed to collectively as the "Lenders").
RECITALS:
A. The Seller and the Borrower have requested that the Lenders make a
change in the amount of the Seller's repurchase obligations set forth
in the Agreement.
B. The Lenders have agreed to make a change in the amount of the Seller's
repurchase obligations set forth in the Agreement as set forth herein.
NOW, THEREFORE, the parties hereto agree as follows:
A. Section 2 of the Agreement is amended by replacing the amount
"$400,000.00" with the amount of "$300,000.00".
B. This First Amendment may be executed in any number of counterparts,
each of which when so executed and delivered shall be deemed an
original.
C. This First Amendment and the Agreement, as amended hereby, shall be
deemed to be contracts make under and for all purposes shall be
construed in accordance with the laws of the State of North Carolina.
IN WITNESS WHEREOF, the Borrower and the Lenders have caused the
First Amendment to be executed under seal by their duly authorized
corporate officers all as of the day and year first above written.
XXXXXXX & XXXXXXXX CO. AB
By /s/Xxxxxx Xxxxxxxx /s/ Jan Jutander
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Title Vice Presidents
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NDC AUTOMATION, INC.
By /s/ Xxxxxx Xxxxxxx
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Title CFO
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NATIONAL BANK OF CANADA
By /s/ SIGNATURE ON FILE
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Title
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By /s/ SIGNATURE ON FILE
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Title
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NATIONAL CANADA BUSDINESS CORP.
By /s/ SIGNATURE ON FILE
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Title
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By /s/ SIGNATURE ON FILE
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Title
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