EXHIBIT 10.20
LOAN MODIFICATION AGREEMENT
This agreement amends the Promissory Note dated September 30, 1996
("Note") executed by SEMITOOL, INC ("Borrower") in favor of Bank of America
National Trust & Savings Association, doing business as Seafirst Bank, successor
by name change to Bank of America NW, NA doing business as Seafirst
Bank("Bank"), regarding a loan in the maximum principal amount of $15,000,000.00
(the "Loan"). For mutual consideration, Borrower and Bank agree to amend the
above loan documents as follows:
1. Interest Rate. The Adjusted LIBOR Rate margin as shown in
Exhibit A, Article 1 to the note is changed to 1.75%.
2. Other Terms. Except as specifically amended by this agreement or any
prior amendment, all other terms, conditions, and definitions of the Note and
all other security agreements, guaranties, deeds of trust, mortgages, and other
instruments or agreements entered into with regard to the Loan shall remain in
full force and effect.
DATED October 2, 1997.
Bank: Borrower:
SEAFIRST BANK SEMITOOL, INC
By /s/▇▇▇ ▇▇▇▇▇ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Title VP ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, President
