EXHIBIT 10.20.22
Fourth Amendment to Letter Agreement (European Facility)
dated August 1, 1995
among the Registrant's Foreign Subsidiaries and NBD Bank
NBD BANK
611 Woodward Avenue
Detroit, Michigan 48226
Dated as of August 1, 1995
Hurco Europe Limited
Hurco GmbH Werkzeugmaschinen
CIM-Bausteine Vertrieb und Service
Re: Fourth Amendment to European Facility
Ladies and Gentlemen:
This letter amends the letter agreement with you dated June 17, 1993, as
previously amended by the letter agreements dated March 24, 1994, as of January
31, 1995, and as of May 31, 1995 (as amended, the "European Facility"), and is
being entered into in conjunction with the Third Amendment to Credit Agreement
of even date herewith with your parent, Hurco Companies, Inc.
The definition of "Expiration Date" in the European Facility is amended to
read as follows:
"Expiration Date" means the earlier to occur of (a) November 1,
1996, and (b) the date on which NBD declares under paragraph 13
all principal and interest on indebtedness to NBD provided under
this agreement to be immediately due and payable.
Should the foregoing be agreeable to you, as it is to us, please indicate
your agreement and acceptance by executing and returning the enclosed copy of
this letter whereupon the European Facility shall be amended as herein provided,
and references to the European Facility shall be to the European Facility as so
amended. Except as amended hereby, the European Facility shall remain in full
force and effect.
Very truly yours,
NBD Bank
By: /S/ BRUCE THOMSON
----------------------
Its: Vice President
Agreed and accepted:
HURCO EUROPE LIMITED
By: /S/ ROGER J. WOLF
- ----------------------
Its: Director
Dated as of August 1, 1995
HURCO GmbH WERKZEUGMASCHINEN
CIM-BAUSTEINE VERTRIEB UND
SERVICE
By: /S/ GERHARD KOHLBACHER
- ---------------------------
Its: General Manager
Dated as of August 1, 1995