SECOND AMENDMENT TO CREDIT AGREEMENT
THIS AGREEMENT, dated as of December 1, 2000, is entered into by and
between THE H.B. GROUP, INC., a Utah corporation (the "Borrower") with its
principal office at 0000 Xxxxx Xxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxx 00000 and
HEADWATERS INCORPORATED, a Delaware Corporation (the "Lender").
W I T N E S S E T H :
WHEREAS, Borrower and Lender have entered into a Credit Agreement and
amendment thereto, both dated October 20, 2000 (the "Credit Agreement"); and
WHEREAS, Borrower and Lender desire to amend the Credit Agreement as
hereinafter set forth;
NOW, THEREFORE, the Borrower and the Lender agree as follows:
The last line of Section 2.1 of the Credit Agreement reading as
follows:
"December 1, 2000 $1,000,000"
is hereby stricken and replaced in full by the following:
"December 1, 2000 $500,000
February 1, 2001 $500,000"
This Agreement is without prejudice to and is not a waiver of any
terms, covenants, conditions, agreements and any rights or remedies under the
Credit Agreement, including, without limitation, Events of Default (as defined
in the Credit Agreement) which exist as of the date hereof, if any, and all
rights and remedies are hereby expressly reserved.
Borrower hereby certifies that the representations and warranties
contained in the Credit Agreement are true and correct on and as of the date
hereof to the same extent as though made on and as of the date hereof.
Except as expressly changed pursuant to this Amendment, all of the
terms and conditions of the Credit Agreement shall remain the same.
IN WITNESS WHEREOF, the parties have earned this Agreement to be duly
executed as of the above date.
Borrower:
THE H.B. GROUP, INC.
By: /s/ Xxxxx Xxxxx
----------------
Name: Xxxxx Xxxxx
Title: President
Lender:
HEADWATERS INCORPORATED
By: /s/ Xxxx X. Xxxxxx
------------------
Name: Xxxx X. Xxxxxx
Title:CEO
