AMENDMENT NO. 4
THIS SECURITY AGREEMENT AMENDMENT NO. 4, dated as of December 29, 1995, (the "Security
Agreement Amendment No. 4") is by and between
INTERNATIONAL RECTIFIER CORPORATION, a Delaware corporation with its principal place of
business located in El Segundo, California (the "Debtor"); and
NATIONSBANC LEASING CORPORATION OF NORTH CAROLINA, a North Carolina corporation
with its principal place of business located in Charlotte, North Carolina (the "Secured Party").
A. The Debtor and Secured Party entered into a Security Agreement dated as of July 1, 1994, as amended (the
B. The Debtor and Secured Party desire to amend certain provisions of the Security Agreement as more
specifically set forth hereinafter.
NOW, THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS:
1. The last two sentences of Section 1.2 of the Security Agreement are amended to read in their entirety as
"No Term Loan shall exceed the Cost of Equipment securing such Term Loan and the aggregate Term Loans
plus the outstanding Progress Payment Loans shall not exceed $40,000,000 (the "Total Commitment"), of which
no more than $3,000,000 shall be computer equipment. No Term Loan Commencement Date shall occur after
December 28, 1996 (the "Final Commencement Date")."
2. Section 4.2(b) of the Security Agreement is amended to read as follows:
"(b) FIXED RATE TERM LOANS. Amortization Payments on Term Loans with fixed interest rates shall be
determined as follows:
Debtor shall pay Secured Party successive quarterly payments in arrears from the Term Loan Commencement
Date(s). The payments shall be fixed on each Term Loan Commencement Date based upon the interest rate
determined by the sum of (i) the applicable generic U.S. Treasury yield as quoted by the Dow Jones/Telerate Inc.
system at the opening of business in Charlotte, North Carolina five (5) Business Days
prior to the Term Loan Commencement Date (the "Index") and (ii) the applicable margin as follows: