EX-10.9 11 l96758aexv10w9.txt AMENDMENT 16 TO CREDIT AGREEMENT Exhibit 10-9 AMENDMENT NO. 16 TO CREDIT FACILITY AND SECURITY AGREEMENT This Amendment No. 16 (the "Amendment") dated as of July 31, 2002, to the Credit Facility and Security Agreement by and between Bank One, NA ("Lender"), Lexington Precision Corporation ("LPC"), and Lexington Rubber Group, Inc. ("LRGI"). WHEREAS, Lender, LPC, and LRGI are parties to a Credit Facility and Security Agreement dated as of January 31, 1997, including Rider A thereto (the "Agreement"). WHEREAS, LPC, LRGI, and Lender desire to amend the Agreement as provided herein. NOW, THEREFORE, in consideration of the premises and the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows: 1. Capitalized terms used herein, unless otherwise defined herein, shall have the meaning ascribed thereto in the Agreement. 2.Section 2.C of Rider A to the Agreement is hereby amended in its entirety to read as follows: C. No longer applicable. 3.Except as specifically amended herein, the Agreement remains in effect in accordance with its terms. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective duly authorized officers as of the day and year first written above. BANK ONE, NA By: /s/ Randy Abrams -------------------------------- Name: Randy Abrams ------------------------------ Title: Assistant Vice President ---------------------------- LEXINGTON PRECISION CORPORATION By: /s/ Michael A. Lubin -------------------------------- Name: Michael Al Lubin ----------------------------- Title: Chairman of the Board ----------------------------- LEXINGTON RUBBER GROUP, INC. By: /s/ Michael A. Lubin -------------------------------- Name: Michael A. Lubin ----------------------------- Title: Chairman of the Board -----------------------------