Exhibit 10.11
SILICON VALLEY BANK
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
January 19, 1999
TO: Moldflow Corporation
Moldflow International Pty Ltd., and
Moldflow Pty Ltd. (collectively, the "Borrowers")
Attn: Xxxxxxx X. Xxxxxx
Chief Financial Officer
RE: Corrective Amendment to Loan Modification Agreement No. 2 dated
November 30, 1998
Reference is made to Loan Document Modification Agreement No. 2 dated
November 30, 1998 among the Borrowers and the Bank (the "Second Amendment").
The purpose of this corrective amendment is to correct the following
typographical errors to the Second Amendment:
1. The minimum Net Income requirement for the fiscal quarter
ending September 30, 1999 as set forth in Section 6.9 of the
Credit Agreement as amended by the Amendment is hereby changed
from "$100,000" to "$250,000."
2. The Compliance Certificate attached to the Second Amendment is
hereby corrected by amending the profitability test for the
quarter ending 6/30/99 from "$100,000" to "$250,000." A
corrected form of the Compliance Certificate is attached
hereto as Exhibit D.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
-2-
Upon execution by the Borrowers where indicated below, this letter
amendment shall be deemed effective as of the date of Amendment No. 2. In all
other respects, Amendment No. 2 and the Credit Agreement shall remain unchanged.
This Agreement may be signed in more than one counterpart, each of which shall
be any original and all of which taken together shall constitute one and the
same document.
SILICON VALLEY BANK
By: /s/ Xxxxxx X. Xxxx
----------------------
Name: Xxxxxx X. Xxxx
Title: Vice President
MOLDFLOW CORPORATION
By: /s/ Xxxx Xxxxxx
-------------------
Name: Xxxx Xxxxxx
Title: President, CEO
MOLDFLOW INTERNATIONAL PTY LTD.
By: /s/ Xxxx Xxxxxx
--------------------
Name: Xxxx Xxxxxx
Title: Director
MOLDFLOW PTY LTD.
By: /s/ Xxxx Xxxxxx
--------------------
Name: Xxxx Xxxxxx
Title: Director
