Second Allonge to Rate Protection Term Note between II-VI Japan Incorporated and PNC Bank, National Association
This agreement amends a previous Rate Protection Term Note between II-VI Japan Incorporated and PNC Bank, National Association. The main change is the extension of the note's maturity date from December 25, 2007, to September 30, 2011. All other terms of the original note remain unchanged and in effect. The amendment is signed by authorized representatives of both parties.
Exhibit 10.3
SECOND ALLONGE TO RATE PROTECTION TERM NOTE
Reference is made to the Rate Protection Term Note dated September 25, 2002 made by II-VI Japan Incorporated in favor of PNC Bank, National Association, as amended by Allonge to Rate Protection Tern Note dated September 25, 2006 (as so amended, the Note).
1. Section 2(a) of the Note is hereby amended to delete the phrase December 25, 2007 and to insert in lieu thereof the phase September 30, 2011.
2. Except as set for the above, the Note shall remain unamended and in full force and effect.
Witness the due execution hereof this 23rd day of October, 2006.
II-VI JAPAN INCORPORATED | ||||||||
WITNESS / ATTEST: | ||||||||
/s/ Miwa Izu | By: | /s/ Yasuhiro Sakakibara | (SEAL) | |||||
Print Name: Miwa Izu | Print Name: | Yasuhiro Sakakibara | ||||||
Title: Accountant | Title: | President | ||||||
PNC BANK, NATIONAL ASSOCIATION | ||||||||
By: | /s/ Troy Brown | |||||||
Print Name: | Troy Brown | |||||||
Title: | Vice President |