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EXHIBIT 10.1
[COMERICA BANK-CALIFORNIA LETTERHEAD]
MODIFICATION TO LOAN & SECURITY AGREEMENT
This First Modification to Loan & Security Agreement (this "Modification")
is entered into by and between General Automation, Inc. ("Borrower") and
Comerica Bank-California ("Bank") as of this 8th day of January 1998, at San
Jose, California.
RECITALS
A. Bank and Borrower have previously entered into or are concurrently
herewith entering into a Loan & Security Agreement (the "Agreement") dated
December 18, 1997.
B. Borrower has requested, and Bank has agreed, to modify the Agreement as
set forth below.
AGREEMENT
For good and valuable consideration, the parties agree as set forth
below:
Incorporation by Reference. The Agreement as modified hereby and
the Recitals are incorporated herein by this reference.
SECTION 6.17
(1) One Corporate Banking Officer call per quarter to Texas Micro
Inc. to verify satisfactory performance of General Automation,
Inc. with regards to Subordination Agreement.
Legal Effect. Except as specifically set forth in this Modification, all
of the terms and conditions of the Agreement remain in full force and effect.
Integration. This is an integrated Modification and supersedes all prior
negotiations and agreements regarding the subject matter hereof. All amendments
hereto must be in writing and signed by the parties.
IN WITNESS WHEREOF, the parties have agreed as of the date first set forth
above.
GENERAL AUTOMATION, INC. COMERICA BANK-CALIFORNIA
By: /s/ [SIG] By:
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Title: VP FINANCE Xxxxx Xxxx
Vice President
