0001145443-03-000460 Sample Contracts

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Exhibit 4 March 25, 2003 Mr. Walter Lazarcheck Chief Financial Officer Farrel Corporation Ansonia, CT. Re: Letter agreement to modify definition of "Consolidated Adjusted Net Worth" contained in text of Section 7.3 of the Revolving and Term Loan...
Letter Agreement to Modify Definition of "Consolidated Adjusted Net Worth" • March 28th, 2003 • Farrel Corp • Special industry machinery, nec

Re: Letter agreement to modify definition of "Consolidated Adjusted Net Worth" contained in text of Section 7.3 of the Revolving and Term Loan Credit Agreement dated as of June 18, 2001 ("the Agreement"), between Wachovia Bank National Association (formerly known as First Union and referred to herein as "Bank") and Farrel Corporation and Farrel Limited (individually and collectively, "Borrower").

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