MEMC Electronic Materials, Inc.
Xxx Xxxxx
000 Xxxxx Xxxxx
Xx. Xxxxxx, XX 00000-0000
XXX
Amendment to Loan Agreement
Dear Xx. Xxxxx,
reference is made to the USD 75,000,000 Revolving Credit Agreement dated as of
July 10, 1995 between MEMC Electronic Materials, Inc. and Xxxx XX.
We confirm to extend the credit line for 6 month at a margin of 1.25%.
Subsequently "Termination Date" ist defined as the earlier of (a)
September 30, 1998 and (b) the date of the termination in whole of the
Commitments pursuant to Section 2.04 or Section 6.01.
Section 2.07 (a) Interest on the Advances is modified to: The Borrower
shall pay interest on the unpaid principal amount of each Advance owing
to each Lender from the date of such Advance until such principal
amount shall be paid in full at a rate per annum equal at all times
during each Interest Period for such Advance to the sum of (i) the
Eurodollar Rate for such Interest Period for such Advance plus (ii)
1.25%, payable in arrears on the last day of such Interest Period and
on the date such Advance shall be paid in full.
Please return a signed copy of this confirmation to show your agreement with
these terms.
Yours truly, Terms Accepted by MEMC
XXXX AKTIENGESELLSCHAFT 3/4/98
/s/ Xxxxxx Xxxxxxxxxxx /s/ Xxxxxxx X. Xxxxx, Treasurer
/s/ Xxxxxxx Xxxxx /s/ Xxxxx X. Xxxxxx, CFO