October 27, 1999
JetForm Corporation
000 Xxxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxx
X0X 0X0
Attention: Mr. Xxxx XxXxxxxx
Chief Financial Officer
Dear Sirs:
Further to our recent discussions, we are pleased to offer the following
amendments to the letter agreement dated April 7, 1999 between Royal Bank of
Canada and JetForm Corporation (the "Agreement"):
7. Repayment:
In sub-paragraph 1, each of the dates September 30, 1999 is amended to
November 30, 1999.
In sub-paragraph 4, the date of June 30, 2000 is amended to February 1,
2001.
8. Availability:
Sub-paragraph 1 (a) (ii) is amended with the addition "where such
insurance has been formally assigned to the bank".
Sub-paragraph 4 (a) is deleted and replaced with the following:
"Borrowings under this segment must not exceed 25% of the aggregate of
(all on a consolidated basis):
- Cash, net of any short term operating loans
- Cash equivalents
- Trade accounts receivable falling due within the next twelve months,
but excluding amounts 90 days or more past due".
Sub-paragraph 4 (e) is amended to read February 1, 2001.
20. Periodic Review
The date is amended to November 30, 1999.
An extension fee of .15% is payable with respect to Segment (4). The extension
fee is non-refundable and will be deemed to have been earned by the Bank upon
acceptance of this amendment to compensate for time, effort and expense incurred
by the Bank in extending this facility. All other terms of the Agreement remain
unchanged.
This amendment expires if not accepted by November 19, 1999 unless extended in
writing by the Bank. If this agreement is acceptable, kindly sign and return the
attached copy to the attention of the writer.
Yours truly,
We acknowledge and accept the within terms and conditions.
JETFORM CORPORATION
Per: ______________________________________________
Per: ______________________________________________
Date: ______________________________________________
