EXHIBIT 10.57.3
THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT
This is to confirm that effective October 16, 2000, that certain Loan and
Security Agreement dated June 18, 1999, between CELTIC CAPITAL CORPORATION
(Secured Party) and National Manufacturing Technologies, Inc., a California
corporation (Debtor) is hereby amended to read as follows:
1.11 "A/R MAXIMUM COMMITMENT" - at any time of determination, the amount,
if any, by which $3,500,000.00 exceeds the aggregate principal amount of any
advances or other extensions of credit outstanding from Lender to or on behalf
of any of the Affiliates other than Borrower for the purpose of financing
accounts receivable.
1.32 "INVENTORY MAXIMUM COMMITMENT" - at any time of determination, the
amount, if any, by which $650,000.00 exceeds the aggregate principal amount
of any advances or other extensions of credit outstanding from Lender
to or on behalf of any of the Affiliates other than Borrower for the
purpose of financing inventory.
In all other respects, the Loan and Security Agreement, as amended, shall remain
in full force and effect.
NATIONAL MANUFACTURING TECHNOLOGIES, INC. CELTIC CAPITAL CORPORATION
Debtor Secured Party
/s/ Xxxxxxx X. Xxxxx /s/ Xxxxxxxxx Xxxx
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By: Xxxxxxx X. Xxxxx By: Xxxxxxxxx Xxxx
Its: PRESIDENT Its: VICE PRESIDENT-CREDIT
