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EXHIBIT 10.20
FIRST AMENDMENT
TO LOAN AGREEMENT
This Amendment Agreement to Loan Agreement (this "Agreement") dated this 5th day
of November , 1996, by and between Diodes Incorporated, a Delaware Corporation
("Borrower") and Union Bank of California, N.A. ("Bank").
Whereas, Borrower and Bank have previously entered into that certain Loan
Agreement, dated August 8, 1996, ("The Loan Agreement"), pursuant to which Bank
has agreed to make certain loans and advances to Borrower;
Whereas, Borrower has requested that Bank agree to amend certain provisions
contained in the Loan Agreement; and
Whereas, Borrower and Bank have agreed and intend to hereby amend the Loan
Agreement.
Now, therefore, the parties hereby agree as follows:
1. Section 1.2 shall remain in its entirety and a new paragraph shall
be added as follows:
Diodes has requested permission to pay down their $8,000, 000 term note to
$5,000,000; under the $9,500,000 term facility. A new note will be issued
evidencing the $5,000,000 term note with the same terms and conditions, other
than the amortization will be $83,333.33 on the 28th day of each month,
commencing February 28, 1997. The availability under this note shall be reduced
on the same day and in the same amount as each scheduled principal payment.
Diodes will have $4,500,000 available on the $9,500,000 term facility under the
terms and conditions set forth in section 1.2.
2. Except as modified hereby, the Loan Agreement shall remain otherwise
unchanged and in full force and effect and this agreement shall be effective
from the date hereof and shall have no retroactive effect whatsoever.
In Witness Whereof, Borrower has executed and delivered this agreement.
"Borrower"
Diodes Incorporated
By: /s/ Xxxxxx Xxx
Xxxxxx Xxx, CFO
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