AMENDMENT NO.2 TO LOAN AGREEMENT
This Amendment No. 2 to Loan Agreement ("Amendment") is made as of November
14, 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, the parties executed a Loan Agreement as of April 1, 1997, and
Amendment No. 1 as of September 29, 1997 (the "Agreement"); and
WHEREAS, the parties wish to amend the Agreement;
NOW THEREFORE, the parties hereto have agreed and do hereby agree to amend
the Agreement as follows:
Section 1.1 The Advance is hereby deleted in its entirety and
replaced with the following:
1.1 The Advance
From the date of this Amendment No. 2 to April 1, 1998, the Lender
agrees to make from time to time advances to the Borrower ("Advances"),
in an aggregate amount not exceeding $75,000,000 (seventy-five million
U.S. dollars), at any time outstanding ("Commitment"). Lender must
receive Borrower's request for an advance by 9:00 a.m. Eastern Standard
Time if the advance is to be made that day. Advances repaid prior to
April 1, 1998, may be reborrowed. This Agreement involves U.S. dollars
only.
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: 11/14/97 Date: 11/17/97
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