Amendment to Consignment Agreement between Fleet Precious Metals Inc. and Technitrol, Inc. and AMI Doduco, Inc.
Fleet Precious Metals Inc. (doing business as Bank of America Precious Metals) and Technitrol, Inc. with AMI Doduco, Inc. have agreed to amend their existing Consignment Agreement. The amendment changes the maximum value of consigned commodities to $35,000,000, or another limit agreed by the parties or approved by the consignor. All other terms of the original agreement remain unchanged and in effect. The amendment is effective as of April 28, 2005, upon acceptance by all parties.
April 28, 2005
Technitrol, Inc.
1210 Northbrook Drive, Suite 470
Trevose, PA 19053
AMI Doduco, Inc.
Murray Corporate Park
1003 Corporate Drive
Export, PA 15632
Gentlemen:
Upon your acceptance of the terms of this letter agreement as evidenced by your execution and delivery to Fleet Precious Metals Inc. d/b/a Bank of America Precious Metals (the "Consignor"), on or before the date hereof, of a copy of this letter, Technitrol, Inc. and AMI Doduco, Inc. (f/k/a Advanced Metallurgy, Incorporated) (collectively, the "Customer") and the Consignor agree, effective as of the date hereof to amend the fifth sentence of Paragraph 1 of that certain Consignment Agreement dated as of November 18, 1997, by and between the Consignor and the Customer, as the same may have been heretofore amended (as amended, the "Consignment Agreement"), to read as follows:
At no time shall the value of consigned commodities exceed (i) $35,000,000; (ii) such limit as the parties may agree upon; or (iii) such limit as Consignor may approve in its sole discretion ("Consignment Limit").
Except as amended hereby, the Consignment Agreement and all agreements securing the Consignment Agreement shall remain in full force and effect and are in all respects hereby ratified and affirmed.
Sincerely,
Fleet Precious Metals Inc.
D/B/A BANK OF AMERICA
PRECIOUS METALS INC.
Consignor
By: /s/ David R. Vega
David R. Vega
Senior Vice President
Accepted and agreed as OF THE
28th day of APRIL, 2005.
TECHNITROL, INC.
Customer
By: /s/ James M. Papada
James M. Papada
CEO & President
AMI DODUCO, INC.
Customer
By: /s/ Drew A. Moyer
Drew A. Moyer
Secretary
The above signatory has the authority to execute the above amendment on behalf of Technitrol, Inc.
TECHNITROL, INC.
By: /s/ Ann Marie Janus
Ann Marie Janus
Corporate Secretary
The above signatory has the authority to execute the above amendment on behalf of AMI Doduco, Inc.
AMI DODUCO, INC.
By: /s/ Drew A. Moyer
Drew A. Moyer
Secretary
