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FIRST AMENDMENT TO CREDIT AGREEMENT
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THIS FIRST AMENDMENT TO CREDIT AGREEMENT effective as of the 30th day of
January, 1998, by and among LTX CORPORATION, a Massachusetts corporation (the
"Borrower"), BANKBOSTON, N.A. ("BKB"), a national banking association, SILICON
VALLEY BANK, a state commercial bank ("SVB") and BKB, as Agent (the "Agent").
WHEREAS, the Borrower, BKB, SVB and the Agent are parties to a Credit
Agreement dated as of June 30, 1997 ("Credit Agreement"). Capitalized terms used
herein and not otherwise defined shall have the meanings set forth in the Credit
Agreement.
NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the parties hereby amend the Credit Agreement as follows:
Section 1. AMENDMENT OF SECTION 5.9. Section 5.9 of the Credit Agreement is
hereby amended by deleting "1.75" in the third line substituting "1.65"
therefor:
Section 2. MISCELLANEOUS.
(a) The Borrower hereby confirms to the Banks that the
representations and warranties of the Borrower set forth in Article IV of the
Credit Agreement are true and correct as of the date hereof, as if set forth
herein in full.
(b) The Borrower has reviewed the provisions of this First
Amendment and Credit Agreement and all documents executed in connection
therewith or pursuant thereto or incident or collateral hereto or thereto from
time to time (collectively, the "Bank Documents") and there is no Event of
Default thereunder, and no condition which, with the passage of time or giving
of notice or both, would constitute an Event of Default thereunder.
(c) The Borrower agrees that each of the Bank Documents shall
remain in full force and effect after giving effect to this Amendment.
(d) This First Amendment represents the entire agreement among
the parties hereto relating to this First Amendment, and supersedes all prior
understandings and agreements among the parties relating to the subject matter
of this Amendment.
(e) The Borrower represents and warrants that neither the
execution, delivery or performance by the Borrower of any of the obligations
contained in this First Amendment or in any Bank Document requires the consent,
approval or authorization of any person or governmental authority or any action
by or on account of with respect to any person or governmental authority.
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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
to Credit Agreement under seal as of the date first above written.
LTX CORPORATION
By:
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Name:
Title
BANKBOSTON, N.A.
By:
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Name:
Title
SILICON VALLEY BANK
By:
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Name:
Title
BANKBOSTON, N.A., as Agent
By:
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Name:
Title
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