Contract
EXHIBIT 10(a)(4)
Huntington The Huntington National Bank |
August 1,200l
Xxxxxxx X. Xxxxxx
Vice President
Hickok Incorporated
00000 Xxxxxx Xxxxxx
Xxxxxxxxx, Xxxx 00000-0000
Dear Xx. Xxxxxx:
Currently Xxxxxx Inc.‘s credit agreement requires the company to maintain $7MM in working
capital. Due to a downturn in business, the company projects violating the covenant at 6-30-01
(which is their third quarter) when working capital is projected to be $6.9MM. Company
prepared projections show the company being in compliance by 9-30-O1.
Huntington National Bank will amend the working capital covenant to $6MM until
12-31-01 at which time it will revert to $7MM.
Please acknowledge acceptance of this amendment by signing the enclosed copy of this letter
and return to me in the enclosed envelope.
Sincerely,
/s/ XXXXX X. XXXXXX
Xxxxx X. Xxxxxx
Vice President
Xxx Xxxxxx
/s/ XXXXXX X. XXXXXX 8/3/01
Agree to the amendment above Date