EXHIBIT 10.1 CHANGE IN TERMS AGREEMENTChange in Terms Agreement • August 13th, 2002 • Hytek Microsystems Inc • Semiconductors & related devices
Principal Amount: $500,000.00 Initial Rate: 6.25% Date of Agreement: May 22, 2002 Description of Existing Indebtedness: Promissory Note dated May 21, 2001 in the amount of $1,000,000.00 Description of Collateral: Commercial Security Agreement dated May 16, 2000. Description of Change in Terms. 1. The principal amount of the Promissory Note shall be decreased from $1,000,000.00 to $500,000.00. 2. The interest rate shall be changed from Bank of the West prime rate to Bank of the West prime rate plus 1.5% effective May 16, 2002. 3. The Business Loan Agreement dated May 21, 2001 is hereby terminated and replaced with Business Loan Agreement dated May 22, 2002. 4. Borrower shall pay Lender a Documentation Fee in the amount of $200.00 and a Revision Fee in the amount of $1,000.00 prior to this Change in Terms Agreement being processed. Continuing Validity. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or
