WCMA Line of Credit Extension Agreement between Merrill Lynch and FARO Technologies, Inc.
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Summary
Merrill Lynch Business Financial Services Inc. has approved an extension of a WCMA Line of Credit for FARO Technologies, Inc., with the new maturity date set for May 31, 2003. All other terms and conditions of the original credit agreement remain unchanged. A fee of $7,500 will be charged to the WCMA Account for this extension. The agreement is addressed to Dr. Gregory Fraser of FARO Technologies, Inc.
EX-10.12 5 dex1012.txt WCMA LINE OF CREDIT [MERRILL LYNCH LETTERHEAD] Dr. Gregory Fraser FARO TECHNOLOGIES, INC. 125 TECHNOLOGY PARK LAKE MARY, FL 32746 Re: WCMA Line of Credit No. 740-07K27 Dear Dr. Fraser, It is a pleasure to inform you that we have approved an extension of the above- numbered WCMA Line of Credit for FARO TECHNOLOGIES, INC. As extended, the new Maturity Date will be May 31, 2003, with all other terms and conditions remaining unchanged. In connection with this extension, a $7,500.00 fee will be charged to the WCMA Account. Once again, we are pleased to provide you with this extension of your WCMA Line of Credit. Should you have any questions, please contact Stephen A. Ackoury at ###-###-####. Very truly yours, Merrill Lynch Business Financial Services Inc. By: /s/ Kelly Engelke ------------------------ Kelly Engelke Senior Credit Manager cc: Stephen A. Ackoury Hunter/Stewart Group
