ADVANCED DEPOSITION TECHNOLOGIES, INC.
Myles Standish Industrial Park
Taunton, Massachusetts 02780
Dated as of: December 27, 1999
National Bank of Canada
One Federal Street, 27th Floor
Boston, Massachusetts 02110
Re: Modification No. 5 to Revolving Credit and Term Loan Agreement
Ladies and Gentlemen:
We refer to the Revolving Credit and Term Loan Agreement, dated as of July 8, 1996 (as from time to time
amended and in effect, the "Agreement"), between Advanced Deposition Technologies, Inc. (the "Borrower")
and National Bank of Canada (the "Lender"). Terms used in this letter of agreement which are not defined herein,
but which are defined in the Agreement, shall have the same respective meanings herein as therein.
We have requested you to modify our tangible net worth definition and minimum net income financial covenant,
and to make the amendments to the Agreement necessitated thereby. You have advised us that you are prepared
and would be pleased to make the amendments so requested by us on the condition that we join with you in this
letter of agreement.
Accordingly, in consideration of these premises, the promises, mutual covenants and agreements contained in this
letter of agreement, and fully intending to be legally bound by this letter of agreement, we hereby agree with you
AMENDMENTS TO AGREEMENT
Effective as of December 27, 1999 (in this letter of agreement, the "Modification Date"), the Agreement is
amended as follows:
(a) The term "Loan Documents" shall, wherever used in the Agreement or any of the other Loan Documents, be
deemed to also mean and include Modification No. 5 and all (if any) other documents executed and delivered in
(b) The term "Tangible Net Worth" is amended by inserting, immediately after the words "Subsidiaries and
Affiliates)" in the last line thereof, the following:
", and plus all Subordinated Debt".
(c) The following two new definitions are added at the end of Section 1.1 of