AMENDMENT NO. 1 to TERM LOAN AGREEMENT dated as of January 27, 2016 between SEVCON, INC. and BANCA MONTE DEI PASCHI DI SIENA S.p.A. acting through its New York branchTerm Loan Agreement • December 5th, 2016 • Sevcon, Inc. • Electrical industrial apparatus • New York
This AMENDMENT NO. 1 (this “Amendment”) is made as of December 5, 2016 by and among Sevcon, Inc., a Delaware corporation with offices at 155 Northboro Road, Southborough, Massachusetts 01772 (the “Borrower”) and BANCA MONTE DEI PASCHI DI SIENA S.p.A., acting through its New York branch, having an office at 55 East 59th Street, New York, New York 10022 (the “Bank”), to amend that certain Term Loan Agreement dated as of January 27, 2016, by and between the Borrower and the Bank (the “Term Loan Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Term Loan Agreement.
