AMENDMENT NO. 3 TO LOAN AGREEMENT
This Amendment No. 3 to Loan Agreement ("Amendment") is made as of November
18, 1997 between DowElanco LLC, a Delaware corporation, f/k/a DowElanco, an
Indiana general partnership (the "Lender"), and Mycogen Corporation, a
California corporation (the "Borrower") (together, the "parties").
WHEREAS, Lender and Borrower are parties to that certain Loan Agreement dated
as of April 1, 1997, as amended by Amendment No. 1 as of September 29, 1997,
and Amendment No. 2 as of November 14, 1997 (the "Agreement"); and
WHEREAS, the parties wish to further amend the Agreement;
NOW THEREFORE, the parties hereto have agreed and do hereby agree to amend the
Agreement as follows:
Section 1.2 is hereby deleted in its entirety and replaced with the
following:
1.2 Repayment
Repayment may be made at any time, provided that the final repayment
be made on or prior to September 30, 1998.
All other terms and conditions of the Agreement shall remain in full
force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed on the date first written above.
LENDER: BORROWER:
DowElanco LLC Mycogen Corporation
By: /s/ Xxxx X. Xxxxxxx By: /s/ Xxxxx X. Xxxxxxx
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Printed: Xxxx X. Xxxxxxx Printed: Xxxxx X. Xxxxxxx
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Title: Treasurer Title: VP CFO
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Date: 11/18/97 Date: 11/19/97
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