MIDWAY GAMES INC
THIRD AMENDMENT DATED 8-15-01
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>4
<FILENAME>a2059996zex-10_32.htm
<DESCRIPTION>THIRD AMENDMENT DATED 8-15-01
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<TITLE> Prepared by MERRILL CORPORATION
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kc4371_exhibit_10.32"> </A>
<A NAME="toc_kc4371_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;10.32    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_third_amendment_dated_as_of_au__thi02903"> </A>
<A NAME="toc_kc4371_2"> </A>
<BR></FONT><FONT SIZE=2><B>THIRD AMENDMENT DATED AS OF AUGUST 15, 2001 TO CREDIT<BR>  AGREEMENT DATED AS OF SEPTEMBER 20, 2000    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Third Amendment dated as of August&nbsp;15, 2001 to Credit Agreement dated as of September&nbsp;20, 2000 (this
"</FONT><FONT SIZE=2><B><I>Amendment</I></B></FONT><FONT SIZE=2>") is made by and among MIDWAY GAMES&nbsp;INC., a Delaware corporation (the "</FONT><FONT SIZE=2><B><I>Company</I></B></FONT><FONT SIZE=2>"), the
financial institutions parties hereto (the "</FONT><FONT SIZE=2><B><I>Banks</I></B></FONT><FONT SIZE=2>"), and BANK OF AMERICA,&nbsp;N.A., as letter of credit issuing bank and as agent for the Banks (in
its capacity as agent, together with any successors and assigns, the "</FONT><FONT SIZE=2><B><I>Agent</I></B></FONT><FONT SIZE=2>"). Terms used but not defined herein have the meanings specified in the
Credit Agreement referenced below. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>W I T N E S S E T H: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company, the Banks, the Issuing Bank and the Agent are parties to that certain Credit Agreement dated as of September&nbsp;20, 2000 (as amended or modified and in
effect on the date hereof, the "</FONT><FONT SIZE=2><B><I>Credit Agreement</I></B></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Company has requested that the Banks, the Issuing Bank and the Agent agree to amend or modify the Credit Agreement as set forth herein; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS,
the Agent, the Banks and the Issuing Bank are willing to amend and modify the Credit Agreement, subject to the terms and conditions contained herein. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;NOW,
THEREFORE, in consideration of the premises, the mutual covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are
hereby acknowledged), the parties hereto, intending legally to be bound, hereby agree as follows: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_section_1_amendments_to_the_credit_agreement"> </A>
<A NAME="toc_kc4371_3"> </A>
<BR></FONT><FONT SIZE=2><B>SECTION 1<BR>  AMENDMENTS TO THE CREDIT AGREEMENT    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Credit Agreement is hereby amended as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Section&nbsp;1.1
of the Credit Agreement is amended so that definition of "</FONT><FONT SIZE=2><I>Applicable Margin</I></FONT><FONT SIZE=2>" reads in its
entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>"</FONT><FONT
SIZE=2><I>Applicable Margin</I></FONT><FONT SIZE=2>," as to any LIBO Rate Loan, means "3.00% per annum" and, as to Base Rate Loan, means "0.25% per annum." </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Section&nbsp;1.1
of the Credit Agreement is amended so that the definition of "Consolidated Net Worth" reads in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>"</FONT><FONT
SIZE=2><I>Consolidated Net Worth</I></FONT><FONT SIZE=2>" means as of any date of determination, shareholders' equity for the Company and its Subsidiaries as of that date on a
consolidated basis determined in accordance with GAAP; provided, however, such shareholders' equity shall be deemed to include all redeemable preferred stock of the Company and its Subsidiaries. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Section&nbsp;1.1
of the Credit Agreement is further amended so that definition of "</FONT><FONT SIZE=2><I>Revolving Termination Date</I></FONT><FONT SIZE=2>"
reads in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>"</FONT><FONT
SIZE=2><I>Revolving Termination Date</I></FONT><FONT SIZE=2>" means the earlier to occur of: (a)&nbsp;March&nbsp;31, 2003 and (b)&nbsp;the date on which the Total Commitment
terminates in accordance with the provisions of this Agreement. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Section&nbsp;1.1
of the Credit Agreement is further amended so that definition of "</FONT><FONT SIZE=2><I>L/C Commitment</I></FONT><FONT SIZE=2>" reads in its
entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2><I>"L/C Commitment" </I></FONT><FONT SIZE=2>means the commitment of the Issuing Bank to Issue, and the commitment of the Banks severally to participate in, Letters of Credit
(including the Existing Bank of </FONT></P>

</UL>
</UL>
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<UL>
<UL>

<P><FONT SIZE=2>
America Letters of Credit) from time to time Issued or outstanding under Article&nbsp;III, in an aggregate amount not to exceed the following amounts during the following periods: </FONT></P>
</UL>
</UL>
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<DIV ALIGN="CENTER"><TABLE WIDTH="61%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="75%" ALIGN="CENTER"><FONT SIZE=1><B>PERIOD</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>AMOUNT</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>Prior to March 30, 2001</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>40,000,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>March 31, 2001 through August 15, 2001</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>3,500,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>August 15, 2001 and thereafter</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>15,000,000</FONT></TD>
</TR>
</TABLE></DIV>
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<UL>
<UL>

<P><FONT SIZE=2>as
the same shall be reduced as a result of a reduction in the L/C Commitment pursuant to Section&nbsp;2.5; it being understood that the L/C Commitment is a part of the Total Commitment, rather than
a separate, independent commitment. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Section&nbsp;2.1
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.1.&nbsp;</FONT><FONT
SIZE=2><I>Amounts and Terms of Commitments</I></FONT><FONT SIZE=2>. Each Bank severally agrees, on the terms and conditions set forth herein, to make
loans to the Company (each such loan, a "</FONT><FONT SIZE=2><I>Revolving Loan</I></FONT><FONT SIZE=2>") from time to time on any Business Day during the period from the Closing Date to the Revolving
Termination Date; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that, after giving effect to any Borrowing of Revolving Loans, the
Effective Amount of all Revolving Loans plus the Effective Amount of all L/C Obligations, shall not at any time exceed the following amounts during the following periods (any such amount with respect
to any such period, as the same may be reduced pursuant to Section&nbsp;2.5 or 2.7 being herein called, the "Total Commitment"): </FONT></P>
</UL>
</UL>
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<DIV ALIGN="CENTER"><TABLE WIDTH="61%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="75%" ALIGN="CENTER"><FONT SIZE=1><B>PERIOD</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>AMOUNT</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>Closing Date through December 30, 2000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>55,000,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>December 31, 2000 through March 30, 2001</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>40,000,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>March 31, 2001 through June 30, 2002</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>15,000,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>July 1, 2002 through January 31, 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>40,000,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>February 1, 2003 and thereafter</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>15,000,000</FONT></TD>
</TR>
</TABLE></DIV>
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<UL>
<UL>

<P><FONT SIZE=2><I>provided further</I></FONT><FONT SIZE=2>, that the Effective Amount of the Revolving Loans of any Bank </FONT><FONT SIZE=2><I>plus</I></FONT><FONT SIZE=2> the participation of
such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Pro Rata Share of the Total Commitment. Within the limits of each Bank's Commitment, and subject to
the other terms and conditions hereof, the Company may borrow under this Section&nbsp;2.1, prepay under Section&nbsp;2.6 and reborrow under this Section&nbsp;2.1. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;Section&nbsp;2.9(a)
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.9 </FONT> <FONT SIZE=2><I>Interest</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each
Revolving Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing Date at a rate per annum equal to the applicable
LIBO Rate or the Base Rate, as the case may be (and subject to the Company's right to convert to other Types of Loans under Section&nbsp;2.4), </FONT><FONT SIZE=2><I>plus</I></FONT><FONT SIZE=2>
the Applicable Margin. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Section&nbsp;2.10
of the Credit Agreement is amended by replacing "0.25%" with "0.375%" in the first sentence thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Article&nbsp;II
is further amended by adding Section&nbsp;2.15 thereto as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.15&nbsp;</FONT><FONT
SIZE=2><I>Termination Fee</I></FONT><FONT SIZE=2>. If, pursuant to Section&nbsp;2.5, the Total Commitment is terminated prior to January&nbsp;31,
2002 following the sale of all or substantially all of the Company's assets or the sale of all or substantially all of the Company's stock or a Change of Control, then, concurrently with such
termination, the Company shall pay to each Bank a termination fee equal to 0.25% of the such Bank's Commitment then in effect (such fees being in addition to all other amounts). </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<UL>
<UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;Section&nbsp;3.8(a)
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;3.8&nbsp;</FONT><FONT
SIZE=2><I>Letter of Credit Fees</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The
Company shall pay to the Agent for the ratable account of each of the Banks a letter of credit fee with respect to the Letters of Credit, such fee to be equal
to (i)&nbsp;in the case of each standby Letter of Credit, 1.75% per annum through August&nbsp;15, 2001 and 3.00% per annum thereafter, in each instance on the average daily maximum amount
available to be drawn on such standby Letter of Credit, and (ii)&nbsp;in the case of each commercial or trade Letter of Credit, through August&nbsp;15, 2001, such fees customarily charged by the
Issuing Bank in connection with the issuance, negotiation and payment of letters of credit and drafts drawn thereunder, and after August&nbsp;15, 2001, 0.60% per annum on the average daily maximum
amount available to be drawn on such commercial or trade Letter of Credit. Such fees shall be computed on a quarterly basis in arrears on the last Business Day of each calendar quarter based upon
Letters of Credit outstanding for that quarter, as calculated by the Agent. Such letter of credit fees shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter
during which Letters of Credit are outstanding, commencing on the first such quarterly date to occur after the Closing Date, through the Revolving Termination Date (or such later date upon which the
outstanding Letters of Credit shall expire), with the final payment to be made on the Revolving Termination Date (or such later expiration date). </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;Section&nbsp;7.1(b)
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;as
soon as available, but not later than 30&nbsp;days after the end of each calendar month (commencing with the calendar month ended July&nbsp;31, 2001), a copy
of the unaudited consolidated and consolidating balance sheets of the Company and its Subsidiaries as of the end of such calendar month and the related consolidated statements of income for the period
commencing on the first day of the year and ending on the last day of such calendar month, and certified by a Responsible Officer as fairly presenting, in accordance with GAAP (subject to ordinary,
good faith year-end audit adjustments and the absence of complete footnotes), the financial position and the results of operations of the Company and the Subsidiaries; and </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;Section&nbsp;8.15
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;8.15&nbsp;</FONT><FONT
SIZE=2><I>Clean-up/Clean Down Provisions</I></FONT><FONT SIZE=2>. Notwithstanding any other provision contained in this Agreement to the
contrary, the Company agrees that from March&nbsp;1 of each Fiscal Year during the term of this Agreement, commencing March&nbsp;1, 2002, and for a period of ninety (90)&nbsp;consecutive days
thereafter the Effective Amount of all Revolving Loans shall be zero (0)&nbsp;and the Effective Amount of the outstanding Letters of Credit that are not Cash Collateralized shall be less than or
equal to (i)&nbsp;$10,000,000 for such periods prior to August&nbsp;15, 2001 and (ii)&nbsp;$7,000,000 for such periods after August&nbsp;15, 2001. The Company agrees to make any prepayment of
the Revolving Loans or the L/C Obligations which may be necessary to comply with the terms of this Section&nbsp;8.15. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;Section&nbsp;9.1
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.1
</FONT><FONT SIZE=2><I>Minimum Net Worth.</I></FONT><FONT SIZE=2> The Company shall not permit at any time its Consolidated Net Worth to be less than the following amounts for
the following periods: </FONT></P>
</UL>
</UL>
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<TR VALIGN="BOTTOM">
<TH WIDTH="74%" ALIGN="CENTER"><FONT SIZE=1><B>PERIOD</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>AMOUNT</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="74%"><FONT SIZE=2>Prior to March 31, 2001</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>130,000,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="74%"><FONT SIZE=2>April 1, 2001 through August 15, 2001</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>90,000,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="74%"><FONT SIZE=2>August 15, 2001 through December 30, 2002</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>100,000,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="74%"><FONT SIZE=2>December 31, 2002 and thereafter</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>150,000,000</FONT></TD>
</TR>
</TABLE></DIV>
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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;Section&nbsp;9.2
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.2&nbsp;</FONT><FONT
SIZE=2><I>Minimum Liquidity</I></FONT><FONT SIZE=2>. The Company shall not permit at all times its Liquidity to be less than (i)&nbsp;$5,000,000
through August&nbsp;15, 2001, and (ii)&nbsp;$10,000,000 thereafter. For purposes hereof, "</FONT><FONT SIZE=2><I>Liquidity</I></FONT><FONT SIZE=2>" means the sum of (i)&nbsp;the aggregate
unused Commitments under this Agreement to the extent then available to the Company </FONT><FONT SIZE=2><I>plus</I></FONT><FONT SIZE=2> (ii)&nbsp;the aggregate of all nonrestricted and unencumbered
cash and cash equivalents of the Company and its Subsidiaries. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;Section&nbsp;9.3
of the Credit Agreement is amended to read in its entirety as follows: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;9.3
</FONT><FONT SIZE=2><I>Quick Ratio.</I></FONT><FONT SIZE=2> As of the end of any month during the following periods, the Company will not permit its Quick Ratio to be less than
the ratio applicable to such month as follows: </FONT></P>
</UL>
</UL>
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<DIV ALIGN="CENTER"><TABLE WIDTH="57%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="86%" ALIGN="CENTER"><FONT SIZE=1><B>PERIOD</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>RATIO</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>Prior to October 31, 2000</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1.50</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>Month of November 2000</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2.50</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>December 1, 2000 through June 30, 2001</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>July 1, 2001 through January 31, 2002</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>February 1, 2002 through June 30, 2002</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>July 1, 2002 through January 31, 2003</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3.00</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>February 1, 2003 and thereafter</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5.00</FONT></TD>
</TR>
</TABLE></DIV>
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<UL>
<UL>

<P><FONT SIZE=2>For
purposes hereof, "</FONT><FONT SIZE=2><I>Quick Ratio</I></FONT><FONT SIZE=2>" means the ratio of (i)&nbsp;the aggregate accounts receivable of the Company and its Subsidiaries net of reserves
for doubtful accounts consistent with the historical levels and past practices, to (ii)&nbsp;the aggregate Effective Amount of Revolving Loans (and, prior to March&nbsp;31, 2001, L/C Obligations)
under this Agreement. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;Schedule&nbsp;I
to the Credit Agreement is amended to read in its entirety as set forth in Schedule&nbsp;I attached hereto. The Commitment and the Pro Rata
Share of each Bank is as set forth on Schedule&nbsp;I attached hereto. To effect the change of the Pro Rata Share as set forth on Schedule&nbsp;I attached hereto, LaSalle Bank National Association
("</FONT><FONT SIZE=2><I>LaSalle</I></FONT><FONT SIZE=2>") hereby confirms that concurrently with the effectiveness of this Amendment, it shall be deemed to have purchased from Bank of America,
without recourse or warranty, an undivided interest and participation, to the extent of LaSalle's Pro Rata Share, in each Letter of Credit and the L/C Obligations with respect thereto. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_section_3_warranties"> </A>
<A NAME="toc_kc4371_4"> </A>
<BR></FONT><FONT SIZE=2><B>SECTION 3<BR>  <BR>    WARRANTIES    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company warrants to the Agent and the Banks as of the date hereof that: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;After
giving effect to this Amendment, all representations and warranties contained in the Credit Agreement are true and correct in all material respects on and as
of the date hereof with the same effect as if made on the date hereof (except to the extent such representations and warranties expressly refer to an earlier date). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;After
giving effect to this Amendment, no Default or Event of Default has occurred and is continuing or will result from this Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The
execution, delivery and performance by the Company of this Amendment and the New Notes (as defined below) have been duly authorized by all necessary corporate
and other action and do not and will not require any registration with, consent or approval of, notice to or action by, any Person (including any Governmental Authority) in order to be effective and
enforceable. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Credit Agreement as modified by this Amendment and the New Notes constitute the legal, valid and binding obligation of the Company, enforceable against it in
accordance with their terms as modified by the terms of this Amendment, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of
creditor's rights generally or by equitable principles relating to enforceability. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_section_4_conditions_precedent_to_effectiveness"> </A>
<A NAME="toc_kc4371_5"> </A>
<BR></FONT><FONT SIZE=2><B>SECTION 4<BR>  <BR>    CONDITIONS PRECEDENT TO EFFECTIVENESS    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall become effective as of August&nbsp;15, 2001 (the "</FONT><FONT SIZE=2><B><I>Effective Date</I></B></FONT><FONT SIZE=2>"), </FONT> <FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>,
that the effectiveness of this Amendment is subject to the receipt by the Agent of the following, each appropriately completed and
duly executed as required and otherwise in form and substance reasonably satisfactory to the Agent: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;counterparts
of this Amendment, executed by the Company and the Banks; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;an
opinion of Deborah K. Fulton, in her capacity as Vice President, Secretary and General Counsel of the Company and addressed to the Agent and the Banks, in form
and substance satisfactory to the Agent; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;evidence
of the payment of (i)&nbsp;upfront fee to be shared by each Bank in proportion of such Bank's Pro Rata Share of $50,000, and (ii)&nbsp;all legal fees
and expenses of the Agent and the Banks heretofore billed to the Company; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;a
certificate of the Secretary or Assistant Secretary of the Company certifying as to (A)&nbsp;resolutions of the board of directors or members, as the case may
be, of the Company authorizing the execution, delivery and performance of this Amendment, and (B)&nbsp;the name(s) of the officer(s) of the Company authorized to sign this Amendment and the
documents related hereto on behalf of the Company and each Guarantor; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the
Notes in the form of Exhibit&nbsp;A-1, A-2 attached hereto (collectively, "</FONT><FONT SIZE=2><B><I>New
Notes</I></B></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;such
other instruments, agreements and documents as the Agent may reasonably request, in each case duly executed as required and otherwise in form and substance
reasonably satisfactory to the Agent; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Forthwith
upon the effectiveness of this Amendment, the Company shall make a combination of borrowings and/or prepayments so that after giving there effect thereto, the proportion of
the aggregate outstanding principal amount of the Revolving Loans of each Bank to the aggregate outstanding principal amount of all Revolving Loans of all Banks shall be equal to such Bank's Pro Rata
Share. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_section_5_general"> </A>
<A NAME="toc_kc4371_6"> </A>
<BR></FONT><FONT SIZE=2><B>SECTION 5<BR>  <BR>    GENERAL    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As
hereby modified, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified, approved and confirmed in all
respects. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The
Company acknowledges and agrees that the execution and delivery by the Agent and the Banks of this Amendment shall not be deemed to create a course of dealing
or otherwise obligate the Agent or the Banks to execute similar modifications under the same or similar circumstances in the future. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Upon
execution and delivery of this Amendment, this Amendment shall be binding upon and shall inure to the benefit of the Company, the Agent and the Banks and their
respective successors and assigns. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<A NAME="page_kc4371_1_6"> </A>

<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Company agrees to pay all fees and out-of-pocket costs and expenses of the Agent (including reasonable attorneys' fees and expenses of
counsel to the Agent and the Banks) in connection with the preparation and execution of this Amendment. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;This
Amendment may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be
an original, but all such counterparts shall together constitute but one and the same Amendment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Delivered
at Chicago, Illinois, as of the date and year first above written. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>[</FONT><FONT
SIZE=2><B>SIGNATURES ON THE FOLLOWING PAGE</B></FONT><FONT SIZE=2>] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<A NAME="page_kc4371_1_7"> </A>

<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have caused the execution and delivery hereof by their respective representatives thereunto duly authorized as of this 15th day of August, 2001. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
<U>COMPANY</U></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>MIDWAY GAMES&nbsp;INC.</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>HAROLD H. BACH, JR.</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Harold H. Bach, Jr.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Executive Vice President&#151;Chief Financial Officer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
<U>AGENT</U></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BANK OF AMERICA, N.A.,</B></FONT><FONT SIZE=2> as Agent</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>DAVID A. JOHANSON</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>David A. Johanson</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
<U>ISSUING BANK</U></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BANK OF AMERICA, N.A.,</B></FONT><FONT SIZE=2> as Issuing Bank</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>THOMAS A. SMITH</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Thomas A. Smith</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
<U>BANKS</U></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>BANK OF AMERICA, N.A.,</B></FONT><FONT SIZE=2> as a Bank</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>THOMAS A. SMITH</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Thomas A. Smith</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Vice President</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD COLSPAN=3><BR><FONT SIZE=2><B>LASALLE BANK NATIONAL<BR>
ASSOCIATION</B></FONT><FONT SIZE=2> as a Bank</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2><BR>
/s/&nbsp;</FONT><FONT SIZE=2>DAVID A. CHAIKA</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>David A. Chaika</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="46%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Assistant Vice President</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<A NAME="page_kc4371_1_8"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc4371_list_of_schedules_and_exhibits"> </A>
<A NAME="toc_kc4371_7"> </A>
<BR></FONT><FONT SIZE=2><B>List of Schedules and Exhibits    <BR>  </B></FONT></P>

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<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="64%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2>Schedule&nbsp;1</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="64%"><FONT SIZE=2>Prorata Shares of Total Commitment</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2><BR>
Exhibit&nbsp;A-1</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="64%"><FONT SIZE=2><BR>
Amended and Restated Promissory Note</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="32%"><FONT SIZE=2><BR>
Exhibit&nbsp;A-2</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="64%"><FONT SIZE=2><BR>
Amended and Restated Promissory Note</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

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<BR>
<P><br><A NAME="01CHI4370_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_kc4371_1">Exhibit 10.32</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_kc4371_2">THIRD AMENDMENT DATED AS OF AUGUST 15, 2001 TO CREDIT AGREEMENT DATED AS OF SEPTEMBER 20, 2000</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kc4371_3">SECTION 1 AMENDMENTS TO THE CREDIT AGREEMENT</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kc4371_4">SECTION 3 WARRANTIES</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kc4371_5">SECTION 4 CONDITIONS PRECEDENT TO EFFECTIVENESS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kc4371_6">SECTION 5 GENERAL</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kc4371_7">List of Schedules and Exhibits</A></FONT><BR>
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