Contract
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EXHIBIT 10(a)(4)
Huntington The Huntington National Bank |
August 1,200l
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Vice President
Hickok Incorporated
▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Dear ▇▇. ▇▇▇▇▇▇:
Currently ▇▇▇▇▇▇ Inc.‘s credit agreement requires the company to maintain $7MM in working
capital. Due to a downturn in business, the company projects violating the covenant at 6-30-01
(which is their third quarter) when working capital is projected to be $6.9MM. Company
prepared projections show the company being in compliance by 9-30-O1.
Huntington National Bank will amend the working capital covenant to $6MM until
12-31-01 at which time it will revert to $7MM.
Please acknowledge acceptance of this amendment by signing the enclosed copy of this letter
and return to me in the enclosed envelope.
Sincerely,
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Vice President
▇▇▇ ▇▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ 8/3/01
Agree to the amendment above Date
