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VIRBAC CORPORATION
FORM 10-Q
SEPTEMBER 30, 2003
Exhibit 10.12
Waiver of September 30, 2003 10-Q Reporting
Period from First Bank, dated
November 12, 2003.
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[FIRST BANK LOGO]
November 12, 2003
Virbac Corporation
3200 Meacham Blvd.
Ft. Worth, TX 76137
Attn: Joe Rougraff
Re: Waiver of September 30, 2003
10-Q Reporting
Period
Gentlemen:
You have informed First Bank and Bank One
("Lenders") of the noncompliance by
Virbac Corporation ("Borrower") for the
quarter ended September 30, 2003 with
the 10-Q reporting covenant contained in
Section 7.1(a)(vii) and 7.1(j) of that
certain Loan Agreement dated September 7,
1999 and amended by an Amendment to
Credit Agreement dated as of December 30,
1999, by a Second Amendment to Credit
Agreement dated as of May 1, 2000, by a
Third Amendment to Credit Agreement
dated as of April 4, 2001, by a Fourth
Amendment to Credit Agreement dated as of
August 7, 2002, by a Fifth Amendment to
Credit Agreement dated as of August 11,
2003 and by a Sixth Amendment to Credit
Agreement dated as of Sep
