EXHIBIT 10 - mmm
FOURTH SHORT-TERM LOAN AGREEMENT
LOAN AGREEMENT, dated as of March 31, 1996 between Huls Corporation located at 13801 Riverport
Drive, Maryland Heights, Missouri/USA, ("HC") and MEMC Electronic Materials, Inc., located at 501 Pearl
Drive, O'Fallon, Missouri/USA ("MEMC").
MEMC desires to borrow on a day to day basis an original principal amount not to exceed at any one time a
total amount of $10,000,000.00 and HC is willing, subject to and upon the terms and conditions herein set forth,
to make such a loan to MEMC.
NOW, THEREFORE IT IS AGREED:
1. Principal and Value:
From time to time, beginning March 31, 1996, HC shall lend to MEMC and MEMC shall borrow from HC an
amount to be designated by MEMC, not to exceed $10,000,000.00 outstanding at any one time. The loan shall
be evidenced by a promissory note in substantially the form of Exhibit "A" attached hereto.
2. Term and Maturity:
Subject to paragraph 6 below, the principal amount of the loan outstanding together with any interest due and
outstanding shall be paid by MEMC to HC on March 31, 1997, or at such later date as may be mutually agreed
in writing by the parties.
3. Rollover Dates:
Any amount borrowed hereunder shall be on the basis of daily rollover periods. Each rollover date shall be a
banking day in Chicago, Illinois ("banking day"). However, should the designated bank designated by HC in
Section 5 be closed on a banking day, HC would not be required to loan money to MEMC nor would MEMC
have the option to repay a loan. On the initial and each respective rollover date thereafter, MEMC shall have the
option to repay the full principal amount outstanding or any portion thereof, rollover an amount outstanding, or
borrow an additional amount provided that the total principal amount will not exceed $10,000,000.00. HC will
issue wire transfer instructions for same day funds for the account of MEMC. MEMC will do the same for HC,
in the case of repayment. Payments, draw-downs and rollovers shall be evidenced by