EXHIBIT 10.1
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January 21, 1998
Xx. Xxxxx Xxxxxx, CFO
Xxxxxxx Manufacturing Co., Inc.
0000 Xxxxxx Xxxxx, Xxx 000
Xxxxxxxxxx, XX 00000
Dear Xxxxx:
In reference to the Agreement between Union Bank of California, N.A.
("Bank") and Xxxxxxx Manufacturing Co., Inc. ("Borrower") dated January
14, 1997, the Bank and Borrower desire to amend the Agreement. This
amendment shall be called the First Amendment to the Agreement. Initially
capitalized terms used herein which are not otherwise defined shall have
the meaning assigned thereto in the Agreement.
Amendment to the Agreement:
(a) "Section 1.1.2 Standby L/C Sublimit. The date on line ten,
June 1, 1998 is deleted and the date June 1, 1999 is substituted
therefore."
This Loan Amendment shall become effective when the Bank shall have
received the acknowledgment copy of this Loan Amendment executed by the
Borrower and the following executed documents, all of which the Bank must
receive before February 9, 1998.
Except as specifically amended hereby, the Agreement shall remain in full
force and effect and is hereby ratified and confirmed. This Loan Amendment
shall not be a waiver of any existing default or breach of a condition to
covenant unless specified herein.
Very truly yours.
UNION BANK OF CALIFORNIA, N.A.
/s/Xxxxxxx Xxxxxxx /s/Lebbeus S. Case, Jr.
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Xxxxxxx Xxxxxxx, Vice President Lebbeus S. Case, Jr. VP
Agreed and Accepted to this 21 day of January, 1998.
Xxxxxxx Manufacturing Co., Inc.
/s/Xxxxxx Xxxxxxxxx /s/Xxxxx Xxxxxx
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Xxxxxx Xxxxxxxxx, President Xxxxx Xxxxxx, Chief Financial
Officer
