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EXHIBIT 10.33
[LOGO] [SEAFIRST BANK LETTERHEAD] LOAN MODIFICATION
MEMBER FDIC AGREEMENT
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This agreement amends the Loan Agreement dated December 7,
1995("Agreement") executed by SPACELABS MEDICAL, INC., a California corporation
("Borrower"), SPACELABS MEDICAL, INC., a Delaware corporation ("Guarantor"), and
SEATTLE-FIRST NATIONAL BANK ("Lender"), and the "Revolving Note," as such term
is defined in the Agreement. Seattle-First National Bank has since changed its
name to Bank of America NW, N.A., but continues to do business as "Seafirst
Bank." All terms defined in the Agreement shall have the same meaning when used
in this agreement, except as may be otherwise provided in this agreement. For
mutual consideration, Borrower and Lender agree to amend the Agreement as
follows:
1. Maturity date. The definition of "Revolving Loan Maturity
Date," found in Section 1.1 of the Agreement, is amended to read as follows:
"Revolving Maturity Date" means June 30, 1999, or such other
date as shall be established pursuant to Section 2.12.
2. Revolving Note. Section 1 of the Revolving Note is amended to
read as follows:
Except as provided below, this Revolving Note evidences a
revolving line of credit to the Borrower from Lender and, subject to the
terms and conditions of the Loan Agreement, the Borrower may borrow,
repay and reborrow up to the maximum principal amount of Ten Million
Dollars ($10,000,000), at any time on or before the Maturity Date.
3. Other Terms. Except as specifically amended by this agreement
or any prior amendment, all other terms, conditions, and definitions of the
Loan Documents, as such term is defined in the Agreement, shall remain in full
force and effect.
DATED November 25, 1996.
Lender: Borrower:
SEAFIRST BANK SPACELABS MEDICAL, INC., a California
corporation
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
------------------------------- -----------------------------------------------
Title: Vice President Title: Vice President and Corporate Controller
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▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Guarantor:
SPACELABS MEDICAL, INC., a Delaware
corporation
By: /s/▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Vice President and Corporate Controller
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