Compression Labs Inc Watch

from 10-Q ~20 pages Loan and Security Agreement Entered Into 06-03-96

from 10-Q 1 page Waiver & Second Amend. of Credit Agreement

from 10-K405 1 page <page> 1 [Bank of America Logo] April 11, 1996 William A. Berry, Sr. Vp & CFO Compression Labs, Inc. 2860 Junction Ave., San Jose, Calif. 95134 Dear Bill, the Requested Waiver (Ref: Your Letter Dated 3/15/96) of the 12/31/95 Fye Debt to Tangible Net Worth Covenant Default Has Been Approved by Bankamerica Business Credit, Inc. in Consideration for Giving This Waiver the Advance Rate on the Revolving Line of Credit Will Be Reduced From 80% to 70% Effective April 30, 1996. Please Also Note That Under the Terms of the Loan and Security Agreement Section 3.1 (C) the Interest Rate Charged on Any Portion on the Outstanding Loan Will Increase From Reference Rate Plus 1.0% to Reference Rate Plus 1.5%. This Is Retroactive to October 1, 1995, the Beginning of the Quarter in Which the Losses Occurred. Your Concurrence Is Requested. Yours Sincerely /S/ Francesca M. Gastil - Francesca M. Gastil Senior Account Executive Bankamerica Business Credit, Inc. /S/ William A. Berry Sr. Vp - William A. Berry Sr. Vp Compression Labs, Inc

from 10-Q ~50 pages Loan and Security Agreement With Bankamerica

from 10-Q ~5 pages Fourth Amendment to Credit Agreement

from 10-Q ~5 pages Waiver and Third Amendment to Credit Agreement

from 10-Q ~5 pages Second Amendment to Credit Agreement

from 10-Q ~5 pages Waiver and First Amendment to Credit Agreement