[LOGO] BANK OF AMERICA AMENDMENT TO DOCUMENTS
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AMENDMENT NO. TWO TO
BUSINESS LOAN AGREEMENT
This Amendment No. Two (the "Amendment") dated as of March 18th, 1998, is
between BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION (the "Bank")
and IMPCO TECHNOLOGIES, INC. (the "Borrower").
RECITALS
A. The Bank and the Borrower entered into a certain Business Loan
Agreement dated as of October 7, 1997, as previously amended (the
"Agreement").
B. The Bank and the Borrower desire to further amend the Agreement.
AGREEMENT
1. DEFINITIONS. Capitalized terms used but not defined in this Amendment
shall have the meaning given to them in the Agreement.
2. AMENDMENTS. The Agreement is hereby amended as follows:
2.1 Subparagraph (a) of Paragraph 1.3 of the Agreement is amended in
its entirety to read as follows:
"(a) Unless the Borrower elects an optional interest rate as
described below, the interest rate is the Bank's Reference
rate MINUS one-quarter (0.25) of one percentage point."
2.2 Paragraph 1.5 of the Agreement is amended in its entirety to
read as follows:
"1.5 OPTIONAL INTEREST RATES. Instead of the interest rate based
on the Bank's Reference Rate, the Borrower may elect the
optional interest rates listed below for this Facility No. 1
during interest periods agreed to by the Bank and the Borrower.
The optional interest rates shall be subject to the terms and
conditions described later in this Agreement. Any principal
amount bearing interest at an optional rate under this Agreement
is referred to as a `Portion.' The following optional interest
rates are available:
(a) the Cayman Rate plus 1.50 percentage points.
(b) the LIBOR Rate plus 1.50 percentage points."
2.3 Subparagraph (b) of Paragraph 4.4 is amended in its entirety to
read as follows:
"(b) The Borrower will repay principal in installments on the
dates and in the amounts set forth on Exhibit A attached here to."
2.4 Paragraph 4.5 of the Agreement is amended in its entirety to
read as follows:
"4.5 OPTIONAL INTEREST RATES. Instead of the interest rate based
on the Bank's Reference Rate, the Borrower may elect the
optional interest rates listed below for this Facility No. 4
during interest periods agreed to by the Bank and the Borrower.
The optional interest rates shall be subject to the terms and
conditions described later in this Agreement. Any principal
amount bearing interest at an optional rate under this Agreement
is referred to as a `Portion.' The following optional interest
rates are available:
(a) the Cayman Rate plus 1.75 percentage points.
(b) the LIBOR Rate plus 1.75 percentage points."
2.5 An Exhibit A is added to the Agreement as set forth on Exhibit A
attached here to.
3. EFFECT OF AMENDMENT. Except as provided in this Amendment, all of the
terms and conditions of the Agreement shall remain in full force and effect.
This Amendment is executed as of the date stated at the beginning of
this Amendment.
BANK OF AMERICA
NATIONAL TRUST AND SAVINGS ASSOCIATION IMPCO TECHNOLOGIES, INC.
x /s/ Xxxxx Xxxxxxxxxxxx x /s/ Xxxxxx X. Xxxxxxxx
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By: XXXXX XXXXXXXXXXXX, VICE PRESIDENT By: XXXXXX X. XXXXXXXX
Title: CFO
EXHIBIT A
DUE DATE PAYMENT AMOUNT
-------- --------------
March 5, 1998 $165,000
June 5, 1998 $165,000
September 8, 1998 $165,000
December 7, 1998 $165,000
March 5, 1999 $165,000
June 7, 1999 $165,000
September 7, 1999 $165,000
December 6, 1999 $165,000
March 6, 2000 $165,000
June 5, 2000 $165,000
September 5, 2000 $165,000
December 5, 2000 $165,000
March 5, 2001 $165,000
June 5, 2001 $165,000
September 5, 2001 $165,000
December 5, 2001 $165,000
March 5, 2002 $165,000
June 5, 2002 $165,000
September 5, 2002 $165,000
December 5, 2002 $165,000
BANK OF AMERICA
NATIONAL TRUST AND SAVINGS ASSOCIATION IMPCO TECHNOLOGIES, INC.
x /s/ Xxxxx Xxxxxxxxxxxx x /s/ Xxxxxx X. Xxxxxxxx
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By: XXXXX XXXXXXXXXXXX, VICE PRESIDENT By: XXXXXX X. XXXXXXXX
Title: CFO
