Amendment to Loan and Security Agreement dated March 21, 2001
As of March 21, 2001
K-Tronik Int'l Corporation
290 Vincent Avenue
Hackensack, New Jersey 07601
Re: Loan and Security Agreement dated as of September 17, 1998 (said agreement as amended or modified
from time to time the "Loan Agreement")
This is to confirm our approval of your request for three (3) month extension of the term of the One Million Five
Hundred Thousand Dollar ($1,500.000.00) revolving credit facility provided for in the Loan Agreement and to
modify certain sections of the Loan Agreement. Accordingly, we have agreed to the following modifications to
the Loan Agreement:
(A) The definition of Termination Date as set forth in
Section 1.1 of the Loan Agreement is hereby modified to read as follows:
Termination Date. means (a) June 30, 2001, unless such date is extended pursuant to section 3.1 hereof, and if
so extended on one or more occasions the last date of the last such extension, or (b) if earlier terminated by
BACC pursuant to section 9.1 hereof, the date of such termination.
(B) Section 2.9 of the Loan Agreement is hereby modified to read as follows.
2.9 Field Examination Fee. Borrower agrees to pay to BACC a fee (Field Examination Fee) in an amount equal
to Seven Hundred Fifty Dollars ($750.00) per day per examiner plus out of pocket expenses for each
examination of Borrower's Books or the other Collateral performed by BACC or its designee.
In consideration of BACC's entry into this letter agreement, the Borrower shall, contemporaneous with the
execution hereof, pay to BACC an extension fee of Fifteen Thousand Dollars ($15,000.00).
Our approval shall not constitute a waiver of any Events of Default, if any so exist, or any future violation of any
provisions of the Loan Agreement or any other Loan Documents.
By your execution hereof Borrower agrees to pay all costs and expenses, including reasonable attorneys fees and
disbursements, incurred by BACC in connection with th