EXHIBIT 10.W
AMENDMENT NO. 8 TO THE LOAN AND SECURITY AGREEMENT
AMENDMENT NO. 8 to the Loan and Security Agreement dated as of May 15, 2001 ("Amendment No. 8")
by and between NAPCO SECURITY SYSTEMS, INC., a New York corporation having a place of business
at 333 Bayview Avenue, Amityville, New York 11701 (the "Debtor") and HSBC BANK USA F/K/A
MARINE MIDLAND BANK, having a place of business at 534 Broad Hollow Road, Melville, New York
11747 (the "Secured Party").
W I T N E S S E T H :
WHEREAS, as of May 12, 1997, Debtor and Secured Party had entered into a certain loan and security
agreement, as amended by amendment no. 1 to the loan and security agreement dated as of May 28, 1998, as
amended by amendment no. 2 to the loan and security agreement dated as of June 30, 1999, as amended by
amendment no. 3 to the loan and security agreement dated as of February 9, 2000, as amended by amendment
no.4 to the loan and security agreement dated as of July 27, 2000, as amended by amendment no. 5 to the loan
and security agreement dated as of September 22, 2000, as amended by amendment no. 6 to the loan and
security agreement dated as of November 22, 2000, as amended by amendment no. 7 to the loan and security
agreement dated as of February 14, 2001 as may be amended from time to time (the "Agreement");
WHEREAS, the Debtor has requested that the Secured Party increase the Borrowing Capacity, extend the
Termination Date, and modify the Variable Rate Option, and the Secured Party has agreed to do so, in the
manner set forth below, provided however, that, among other things, Debtor execute this Amendment No. 8.
NOW, THEREFORE, in consideration of the mutual promises and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties hereto agree as follows:
1. The definition of "Borrowing Capacity" contained in Section
1.1. of the Agreement is hereby amended to read in its entirety as follows:
BORROWING CAPACITY means, at the time of computation, $18,000,000.
2.