EXHIBIT 10.18(3)
Standard Chartered
THE MOCATTA GROUP
November 3, 1997
Advanced Metallurgy, Inc.
Xxxxxx Corporate Park
0000 Xxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Attention: Vice President of Purchasing and Distribution
RE: Silver Lease Agreement dated April 9, 1996 (as last amended
February 14, 1997)
Gentlemen:
Reference is made to the above Silver Lease Agreement between Standard Chartered
Bank, Mocatta Bullion - New York and Advanced Metallurgy, Inc.
Please be advised that we have agreed to make the following amendment to the
above Silver Lease Agreement as follows:
Paragraph 2. NATURE OF TRANSACTIONS change "two million (2,000,000)" to "two
million six hundred thousand (2,600,000)"
All other terms and conditions remain intact.
EXHIBIT 10.18(3)
Please return a signed copy of this letter to us at the address shown below to
indicate your agreement to the above amendment.
Very truly yours,
XXXXXXX CHATERED BANK,
MOCATTA BULLION - NEW YORK
By: /s/ Xxxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Executive Vice President
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Vice President
AGREED:
ADVANCED METALLURGY, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Material Control Manager
