Translation of Letter Dated November 16, 1998
From: Deutsche Bank, Mr. Jakobi
Blumenstrasse 13, 42849 Remscheid, Germany
To: IKS Klingelnberg GmbH
In der Fleute 18, 42897 Remscheid, Germany
Increase of Lines of Credit
Gentlemen:
This is in reference to our discussion at your office on November 3.
As requested, we confirm to you that we will increase the current line of credit
by an amount of US$ 5,000,000.00 subject to the final approval of our internal
Credit Committee.
We expect that our Credit Committee will approve this increase and we look
forward to strengthening our business relationship.
