BUSINESS LOAN AGREEMENTLoan Agreement • March 28th, 2005 • Hytek Microsystems Inc • Semiconductors & related devices • Nevada
THIS BUSINESS LOAN AGREEMENT dated May 22, 2002, is made and executed between HYTEK MICROSYSTEMS INC. (“Borrower”) and BANK OF THE WEST (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that; (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
HYTEK MICROSYSTEMS, INC.General Release • March 28th, 2005 • Hytek Microsystems Inc • Semiconductors & related devices
As you know, Hytek Microsystems, Inc., a California corporation (“we” or “Hytek”), has entered into an Agreement and Plan of Merger with Natel Engineering Company, Inc., a California corporation (“Natel”), pursuant to which Hytek will become a wholly-owned subsidiary of Natel if and when the merger is consummated (the “Merger”). We wish to take appropriate steps to reinforce and encourage your continued dedication to Hytek following the Merger. As used in this letter, the “First Year” means the first year after the consummation of the Merger and the “Second Year” means the second year after the consummation of the Merger.
SUPPLY AGREEMENTSupply Agreement • March 28th, 2005 • Hytek Microsystems Inc • Semiconductors & related devices • Minnesota
Amendment Number 3 To Final Settlement Agreement Re Cancellation of Syntron, Inc. Purchase Orders 45224 & 203491Final Settlement Agreement • March 28th, 2005 • Hytek Microsystems Inc • Semiconductors & related devices
Amendment Number 3 modifies the Final Settlement Agreement as amended to incorporate a revised pricing agreement between Sercel, Inc. (Sercel) and Hytek, Microsystems, Inc. (Hytek). Also, the monthly storage fee of $400 for the Sercel, Inc. owned parts is reduced.
