Silicon Valley Bank
AMENDMENT TO LOAN AGREEMENT
Borrower: Premier Laser Systems, Inc.
Address: 3 Morgan
Xxxxxx, Xxxxxxxxxx 00000
Date: October 9, 1996
THIS AMENDMENT TO LOAN AGREEMENT is entered into between SILICON VALLEY
BANK ("Silicon") and the borrower named above (the "Borrower").
The Parties agree to amend the Loan Agreement between them, dated June 3,
1996 (the "Loan Agreement"), as follows. (Capitalized terms used but not
defined in this Amendment, shall have the meanings set forth in the Loan
Agreement.)
1. AMENDED MATURITY DATE. The section of the Schedule to the Loan
Agreement entitled "Maturity Date (Section 4.1)" is hereby amended to read as
follows:
"Maturity Date (Section 4.1): April 30, 1997."
2. FEE. Borrower shall pay to Silicon concurrently herewith a fee of
$1,000, which shall be in addition to all interest and all other amounts payable
hereunder and which shall not be refundable.
3. REPRESENTATIONS TRUE. Borrower represents and warrants to Silicon
that all representations and warranties set forth in the Loan Agreement, as
amended hereby, are true and correct.
4. GENERAL PROVISIONS. This Amendment, the Loan Agreement, any prior
written amendments to the Loan Agreement signed by Silicon and the Borrower, and
the other written documents and agreements between Silicon and the Borrower set
forth in full all of the representations and agreements of the parties with
respect to the subject manner hereof and supersede all prior discussions,
representations, agreements and understandings between the parties with respect
to the subject hereof. Except as herein expressly amended, all of the terms and
provisions of the Loan Agreement, and all other documents and agreements between
Silicon and the Borrower
shall continue in full force and effect and the same are hereby ratified and
confirmed.
BORROWER: PREMIER LASER SYSTEMS, INC.
By: /S/ XXXXXXX XXXXXX
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President or Vice President
By: /S/ XXXXXX X. XXXXXXX
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Secretary or Asst Secretary
SILICON: SILICON VALLEY BANK
By: /S/
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Title:
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