1
Exhibit (1)(b)
September 21, 1995
Xx. Xxxxx X. Xxxxxxxx
Treasurer
Snap-On Incorporated
0000 - 00xx Xxxxxx
Xxxxxxx, Xxxxxxxxx 00000-0000
RE: Amendment to Line of Credit Agreement and Note
Dear Denis:
Please refer to the line of credit letter agreement and accompanying
note dated November 15, 1994, establishing a $10,000,000 line of credit at
Firstar Bank Milwaukee, N.A. for Snap-On Incorporated. You have requested that
Firstar Bank increase the amount available under the line of credit from
$10,000,000 to $20,000,000.
By this letter, we hereby amend the above-referenced line of credit
agreement and note to delete all reference to "$10,000,000" (whether or not
numerically) and to substitute "$20,000,000" each place the amount appears in
the letter agreement and note. In all other respects, the terms of the letter
agreement and note shall continue as originally set forth. This is an
amendment, not a novation.
Please indicate your agreement by signing where indicated below and
returning this letter to the undersigned.
Very truly yours,
/s/ F.R. Xxxxxx
F.R. Xxxxxx
Vice President
Accepted and agreed to:
SNAP-ON INCORPORATED
By: /s/ Xxxxx X. Xxxxxxxx
-------------------------
Title: Treasurer
----------------------
By:
-------------------------
Title:
----------------------
