EXHIBIT 10.17(3)
December 15, 2003
Technitrol, Inc.
0000 Xxxxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, XX 00000
AMI Doduco, Inc.
Xxxxxx Corporate Park
0000 Xxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Gentlemen:
Upon your acceptance of the terms of this letter agreement as evidenced by your
execution and delivery to Fleet Previous Metals Inc. (the "Consignor"), on or
before the date hereof, of a copy of this letter, Technitrol, Inc. and AMI
Doduco, Inc. (f/k/a Advanced Metallurgy, Incorporated) (collectively, the
"Customer") and the Consignor agree, effective as of the date hereto to amend
the fifth sentence of Paragraph 1 of that certain Consignment Agreement dated as
of November 18, 1997, by and between the Consignor and the Customer, as the same
may have been heretofore amended (as amended, the "Consignment Agreement"), to
read as follows:
At no time shall the value of consigned commodities exceed (i)
$25,000,000; (ii) such limit as the parties may agree upon; or (iii)
such limit as Consignor may approve in its sole discretion
("Consignment Limit").
Except as amended hereby, the Consignment Agreement and all agreements securing
the Consignment Agreement shall remain in full force and effect and are in all
respects hereby ratified and affirmed.
Sincerely,
FLEET PRECIOUS METALS, INC.
Consignor
By: /s/ Xxxxxxx X. Xxxxxxx
-----------------------------------
Xxxxxxx X. Xxxxxxx
Senior Vice President
EXHIBIT 10.17(3)
Technitrol, Inc.
AMI Doduco, Inc.
January 29, 2004
Page 2
ACCEPTED AND AGREED AS OF THE
29TH DAY OF JANUARY, 2004.
TECHNITROL, INC.
Customer
By: /s/ Xxxxxx Xxxxxxxxx
-------------------------------------
Xxxxxx X. Xxxxxxxxx, Xx.
Vice President and Treasurer
AMI DODUCO, INC.
Customer
By: /s/ Xxxxxx Xxxxxxxxx
-------------------------------------
Xxxxxx X. Xxxxxxxxx, Xx.
Treasurer
The above signatory has the authority to execute the above amendment on behalf
of Technitrol, Inc.
TECHNITROL, INC.
By: /s/ Xxxx X. Xxxxx
-------------------------------------
Xxxx X. Xxxxx
Secretary
The above signatory has the authority to execute the above amendment on behalf
of AMI Doduco, Inc.
By: /s/ Xxxx X. Xxxxx
-------------------------------------
Xxxx X. Xxxxx
Secretary
