Document:

Exhibit 10.5

                      AMENDMENT TO REIMBURSEMENT AGREEMENT

         This Amendment to Reimbursement Agreement (the "Amendment") is entered
into as of the 20th day of July, 2000, between SunTrust Bank (formerly known as
SunBank/South Florida, National Association and SunTrust Bank, South Florida,
National Association) (the "Bank") and HEICO Aerospace Corporation (formerly
known as HEICO Corporation) (the "Company"), a Florida corporation, for the
purpose of amending the SunBank Reimbursement Agreement dated as of February 28,
1994, as heretofore amended, including, without limitation, by an Amendment to
SunBank Reimbursement Agreement dated as of March 1, 1995 and by an Amendment to
and Extension of Reimbursement Agreement dated as of February 28, 1999
(collectively, the "Agreement") between the Bank and the Company as provided
herein.

         WHEREAS, the Bank issued its Irrevocable Letter of Credit No. F4896
(now No. F070082) on February 28, 1994 (the "Letter of Credit") to secure the
payment of the $1,980,000 Broward County, Florida Industrial Development Revenue
Bonds (HEICO Corporation Project), Series 1988, which Letter of Credit was
extended effective February 28, 1999 to February 28, 2004; and

         WHEREAS, the Company has requested that the Bank agree to certain
modifications to the terms of the Agreement, and the bank is willing to agree to
such modifications;

         NOW, THEREFORE, in consideration of the mutual agreements contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

         SECTION 1. Definitions. All terms used herein in capitalized form and
not otherwise defined herein shall have the meanings ascribed thereto in the
Agreement.

         SECTION 2. Amendments to the Agreement. The Agreement is hereby amended
as follows:

         A. Section 2(c)(ix) of the Agreement is hereby amended in its entirety
to read as follows:

(ix) on each anniversary date of this Agreement (the "Anniversary Date"), a fee
     equal to 0.875% of the Stated Amount of the Letter of Credit on the
     Anniversary Date;

         B. Section 25 of the Agreement is hereby deleted in its entirety.

         SECTION 3. Limited Scope. Except as expressly amended hereby, all
provisions of the Agreement shall remain in full force and effect.

<PAGE>

         SECTION 4. No Claims. AS A MATERIAL INDUCEMENT FOR THE BANK TO AMEND
THE AGREEMENT PURSUANT TO THIS AMENDMENT, THE COMPANY COVENANTS WITH AND
WARRANTS UNTO THE BANK, AND ITS AFFILIATES AND ASSIGNS, THAT THERE EXIST NO
CLAIMS, COUNTERCLAIMS, DEFENSES, OBJECTIONS, OFFSETS OR CLAIMS OF OFFSETS
AGAINST THE BANK RELATING IN ANY WAY TO THE INDENTURE, THE LOAN AGREEMENT THE
AGREEMENT OR OTHER ASSOCIATED DOCUMENTS, THROUGH THE DATE HEREOF, OR THE
OBLIGATION OF THE COMPANY TO PAY OR PERFORM ALL OBLIGATIONS TO THE BANK
EVIDENCED BY THE AGREEMENT OR OTHERWISE.

         SECTION 5. Waiver. AS A MATERIAL INDUCEMENT FOR THE BANK TO AMEND THE
AGREEMENT PURSUANT TO THIS AMENDMENT, THE COMPANY DOES HEREBY RELEASE, WAIVE,
DISCHARGE, COVENANT NOT TO SUE, ACQUIT, SATISFY AND FOREVER DISCHARGE THE BANK,
ITS OFFICERS, DIRECTORS, EMPLOYEES, ATTORNEYS AND AGENTS AND ITS AFFILIATES AND
ASSIGNS FROM ANY AND ALL LIABILITY, CLAIMS, COUNTERCLAIMS, DEFENSES, ACTIONS,
CAUSES OF ACTION, SUITS, CONTROVERSIES, AGREEMENTS, PROMISES AND DEMANDS
WHATSOEVER, IN LAW OR IN EQUITY, WHICH THE COMPANY EVER HAD, NOW HAS OR WHICH
ANY PERSONAL REPRESENTATIVE, SUCCESSOR, HEIR OR ASSIGN OF THE COMPANY HEREAFTER
CAN, SHALL OR MAY HAVE AGAINST THE BANK, ITS OFFICERS, DIRECTORS, EMPLOYEES,
ATTORNEYS AND AGENTS, AND ITS AFFILIATES AND ASSIGNS, FOR, UPON OR BY REASON OF
ANY MATTER, CAUSE OR THING WHATSOEVER RELATING IN ANY WAY TO THE INDENTURE, THE
AGREEMENT AND OTHER ASSOCIATED LOAN DOCUMENTS, THROUGH THE DATE HEREOF. THE
COMPANY FURTHER EXPRESSLY AGREES THAT THE FOREGOING RELEASE AND WAIVER AGREEMENT
IS INTENDED TO BE AS BROAD AND INCLUSIVE AS IS PERMITTED BY THE LAWS OF THE
STATE OF FLORIDA.

         SECTION 6. Waiver of Trial By Jury. THE BANK AND THE COMPANY HEREBY
MUTUALLY, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY
HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION BASED HEREON OR ARISING OUT
OF, UNDER, OR IN CONNECTION WITH THE AGREEMENT AND ANY AGREEMENT CONTEMPLATED OR
TO BE EXECUTED IN CONJUNCTION THEREWITH, UNDER ANY ASSOCIATED DOCUMENTS, OR ANY
COURSE OF CONDUCT, COURSE OF DEALING STATEMENTS (WHETHER VERBAL OR WRITTEN), OR
ACTIONS OF ANY PARTY. THE COMPANY ACKNOWLEDGES THAT THE WAIVER OF JURY TRIAL IS
A MATERIAL INDUCEMENT TO THE BANK IN ACCEPTING THIS AMENDMENT, AND THAT THE BANK
WOULD NOT HAVE ACCEPTED THIS AMENDMENT WITHOUT THIS JURY TRIAL WAIVER. THE
COMPANY ACKNOWLEDGES THAT THE COMPANY HAS BEEN REPRESENTED BY AN ATTORNEY OR HAS
HAD AN OPPORTUNITY TO CONSULT WITH AN ATTORNEY REGARDING THIS JURY TRIAL WAIVER,
AND UNDERSTANDS THE LEGAL EFFECT OF THIS JURY TRIAL WAIVER. THE WAIVER CONTAINED
HEREIN IS IRREVOCABLE, CONSTITUTUES A KNOWING AND VOLUNTARY WAIVER, AND SHALL BE
SUBJECT TO NO EXCEPTIONS. THE BANK HAS IN NO WAY AGREED WITH OR REPRESENTED TO
THE COMPANY OR ANY OTHER PARTY THAT THE

                                       2
<PAGE>

PROVISIONS OF THIS JURY TRIAL WAIVER WILL NTO BE FULLY ENFORCED IN ALL
INSTANCES.

         SECTION 7. Effective Date. This Amendment shall take effect on July 20,
2000.

         SECTION 8. Counterpart. This Amendment may be executed in multiple
counterparts, all of which shall constitute one and the same instrument and each
of which shall be deemed to be an original.

         IN WITNESS WHEREOF, the Issuer and the Bank have executed this
Amendment by their respective duly authorized representatives, all as of the
date first written above.

                                            HEICO AEROSPACE CORPORATION
                                            (formerly known as HEICO
                                            Corporation)

                                            By_______________________________
                                            Name: Thomas S. Irwin
                                            Title:  Treasurer

                                            By:  _____________________________
                                            Title:

                                            SUNTRUST BANK (formerly known as
                                              SunBank/South Florida, National
                                              Association and SunTrust Bank,
                                              South Florida, National
                                              Association)

                                            By:  _____________________________
                                            Name:  Carol F. Fine
                                            Title: Vice President

                                       3
<PAGE>

                  By execution below, the following entities consent to the
execution of this Amendment to Reimbursement Agreement and each agrees to remain
bound by its Guaranty (as defined in the Agreement).

                  Dated as of this 20th day of July, 2000.

JET AVION HEAT TREAT                        JET AVION CORPORATION
  CORPORATION

By:__________________________               By:___________________________
Name:  Thomas S. Irwin                      Name:  Thomas S. Irwin
Its:     Treasurer                          Its:    Treasurer

HEICO CORPORATION                           LPI INDUSTRIES CORPORATION

By: ________________________                By: ___________________________.
Name:  Thomas S. Irwin                      Name:  Thomas S. Irwin
Its:     Treasurer                          Its:    Treasurer

HEICO-NEWCO, INC.                           AIRCRAFT TECHNOLOGY, INC.

By: _________________________               By: ____________________________
Name:  Thomas S. Irwin                      Name:  Thomas S. Irwin
Its:     Treasurer                          Its:    Treasurer

                                       4Exhibit 10.12

                        FIFTH LOAN MODIFICATION AGREEMENT

         This Fifth Loan Modification Agreement (the "Agreement") is made and
entered into this 23rd day of October, 2000, effective as of September 1, 2000
(the "Effective Date"), by and among EAGLE NATIONAL BANK OF MIAMI, a National
Banking Association with its principal place of business at 701 Brickell Avenue,
Suite 1250, Miami, Florida 33131 (the "Lender"), and HEICO CORPORATION, HEICO
AEROSPACE CORPORATION, JET AVION CORPORATION, JET AVION HEAT THREAT CORPORATION,
LPI INDUSTRIES CORPORATION, and AIRCRAFT TECHNOLOGY, INC., (collectively the
"Original Borrowers"), HEICO AVIATION PRODUCTS CORP. and NORTHWINGS ACCESSORIES
CORP., each a Florida Corporation (unless otherwise noted) (the "Additional
Borrowers"); the Original Borrowers and the Additional Borrowers are hereinafter
collectively referred to as the "Borrowers" and individually a "Borrower".

                                   WITNESSETH

         WHEREAS, on or about March 31, 1994 Lender and Original Borrowers
entered into that certain Loan Agreement (the "Loan Agreement") pursuant to
which Lender provided Borrowers a credit facility in the aggregate principal
amount of One Million Six Hundred Thousand Dollars ($1,600,000.00), (the "Credit
Facility") said Credit Facility on or about February 27, 1997, was modified and
increased to Two Million Dollars ($2,000,000.00), now called the "Revolving
Credit Facility", for the purpose of making term loans to Borrowers for
purchasing or refinancing equipment to be used in Borrowers' business
operations; and

         WHEREAS, Original Borrowers requested and Lender agreed to a
modification of the terms and conditions of the Loan Agreement, in accordance
with the terms and conditions of that certain Loan Modification Agreement dated
August 9, 1995 (the "First Modification"); and

         WHEREAS, Borrowers requested and Lender agreed to a modification of the
terms and conditions of the Loan Agreement and First Modification Agreement, in
accordance with the terms and conditions of that certain Second Loan
Modification Agreement dated February 27, 1997 (the "Second Modification"); and

         WHEREAS, Borrowers requested and Lender agreed to a modification of the
terms and conditions of the Loan Agreement, First Modification and Second
Modification Agreement, in accordance with the terms and conditions of that
certain Third Loan Modification Agreement dated February 6, 1998, (the "Third
Modification"); and

         WHEREAS, Borrowers requested and Lender agreed to a modification of the
terms and conditions of the Loan Agreement, First Modification Agreement, Second
Modification Agreement, Third Modification Agreement, in accordance with the
terms conditions of that certain Fourth Loan Modification Agreement dated August
24, 1999 (the "Fourth Modification"); and

<PAGE>

         WHEREAS, Borrowers have requested and Lender has agreed to a
modification of the terms and conditions of the Loan Agreement, the First
Modification Agreement, the Second Modification Agreement, the Third Loan
Modification Agreement, and the Fourth Loan Modification Agreement in accordance
with the terms and conditions of this Agreement (this Fifth Agreement, the Loan
Agreement, the First Modification Agreement, the Second Modification Agreement,
the Third Modification and the Fourth Modification Agreement shall hereafter be
referred to as the "Modified Agreement");

         NOW THEREFORE, in consideration of the premises, the mutual covenants
set forth below and the sum of $10.00, and other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, Borrowers and
Lender agree as follows:

                                      Terms

         1. Affirmation of Loan Agreement. Except as modified hereby, all of the
terms and conditions of the Loan Agreement, the First Modification Agreement,
the Second Modification Agreement the Third Modification Agreement and the
Fourth Modification Agreement, as well as all other documents and instruments
executed and delivered by Borrowers to Lender in connection therewith, are
hereby ratified, affirmed and approved in all respects and shall remain in full
force and effect.

         2, Definitions. Unless otherwise defined all capitalized terms in this
Agreement shall have the same meaning as in the Loan Agreement.

         3. The Revolving Credit Facility Termination Date. On the Original Loan
Agreement, under Agreement, paragraph titled "Commitment" is hereby modified as
follows:

"Termination Date. This Agreement shall be effective as of the effective date
entered above, and shall continue in full force and effect until such time as
all of Borrower's Loans in favor of Lender have been paid in full, including
principal, interest, costs, expenses, attorneys' fees, and other fees and
charges, or until such time as the parties may agree in writing to terminate
this Agreement ("Maturity Date on Demand"). The terms for each individual
Equipment Loan shall remain as set forth in the Loan Agreement, except to the
extent modified by this Agreement."

         4. Credit Facility Fee. Paragraph 1.12 of the Loan Agreement is hereby
modified to read as follows: Borrowers agree to pay Lender a facility fee equal
to 50 basis point on the amount of each individual loan request at the time of
disbursement.

         5. Closing Costs. Borrowers acknowledge to Lender that all costs
associated with the closing of each individual transaction including but not
limited to Documentary Stamp Taxes in each individual Note, Filing Fees and
Documentation/Processing Fees, will be borne by the Borrower.

                                       2
<PAGE>

         6. Commitment. Paragraph 1.1 of the Loan Agreement is hereby modified
to read as follows:

         "1.1 The proceeds of each Equipment Loan shall be used exclusively for
the purpose of purchasing equipment to be used in the applicable Borrower's
business or to refinance existing equipment purchased within fourteen (14)
months from loan dated, and used in the applicable Borrower's business."

         7. Conflict. The provisions of this Agreement shall control in the
event of any conflict between it and any of the Loan Documents, except that the
provisions of the Notes and security agreements (given pursuant to paragraph 2.3
of the Loan Agreement, the "Security Agreements) shall control in the event of
any conflict between the Notes or the Security Agreements and this Agreement.

         8. Time. Time is of the essence with respect to all matters set forth
herein.

         9. Waiver Modification or Cancellation. Any waiver, alteration or
modification of any of the provisions of this Agreement shall not be valid
unless in writing and signed by the parties hereto.

         10. Waiver of Claims or Defenses. Borrowers hereby covenant that they
have no claims or defenses against Lender that could give rise to any defense,
off-set or counterclaim in connection with the enforcement of the Loan
Agreement, as modified hereby or any Equipment Loans.

         11. WAIVER OF JURY TRIAL ALL PARTIES TO THIS AGREEMENT HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THEIR RESPECTIVE RIGHTS TO A
TRIAL BY JURY IN ANY LAWSUIT, PROCEEDING, OR COUNTERCLAIM BASED UPON, OR ARISING
OUT OF THIS AGREEMENT, THE EQUIPMENT LOANS, THE LOAN DOCUMENTS AND ANY AGREEMENT
EXECUTED IN CONJUNCTION HEREWITH OR THEREWITH, OR ANY COURSE OF CONDUCT, COURSE
OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN), OR ACTIONS OR OMISSIONS OF
EITHER PARTY. THIS PROVISION FOR WAIVER OF A JURY TRIAL IS A MATERIAL INDUCEMENT
FOR LENDER TO ENTER INTO THIS AGREEMENT AND TO MAKE THE EQUIPMENT LOANS.

         12. Further Assurance. At all time following the date of this
Agreement, Borrowers agree to execute and deliver, or to cause to be executed
and delivered, such documents and to do, or cause to be done, such other acts
and things as might be reasonably requested by Lender to effectuate the terms
and provisions of this Agreement and the transactions contemplated herein to
assure that the benefits of this Agreement are realized by the parties hereto.

                                       3
<PAGE>

         IN WITNESS WHEREOF, Borrowers (Parent and Subsidiaries) and Lender have
hereunto executed this Agreement on that date first above written.

                                       BORROWERS:

WITNESSES:                             PARENT:

________________________               HEICO CORPORATION, a Florida Corporation

________________________               By: ___________________________
                                       Print Name: Thomas S. Irwin
                                       Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of HEICO CORPORATION, A Florida
Corporation, who is personally known to me or who has produced a known as
identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

WITNESSES:                             SUBSIDIARIES:

________________________               JET AVION CORPORATION, a Florida
                                             Corporation

________________________               By: ____________________________
                                       Print Name: Thomas S. Irwin
                                       Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of JET AVION CORPORATION, A Florida
Corporation, who is personally known to me or who has produced a known as
identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

                                       4
<PAGE>

WITNESSES:                             HEICO AEROSPACE CORPORATION, a Florida
                                       Corporation

________________________               By: __________________________
                                       Print Name: Thomas S. Irwin
________________________              Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of HEICO AEROSPACE CORPORATION, a Florida
Corporation, who is personally known to me or who has produced a known as
identification.

                                       ------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

WITNESSES:                             JET AVION HEAT TREAT CORPORATION, a
                                       Florida Corporation

________________________               By: ___________________________
                                       Print Name: Thomas S. Irwin
________________________               Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of JET AVION HEAT TREAT CORPORATION, a
Florida Corporation, who is personally known to me or who has produced a known
as identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

                                       5
<PAGE>

WITNESSES:                             LPI INDUSTRIES CORPORATION, a Florida
                                       Corporation

________________________               By: __________________________
                                       Print Name: Thomas S. Irwin
________________________               Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of LPI INDUSTRIES CORPORATION, a Florida
Corporation, who is personally known to me or who has produced a known as
identification.

                                       ------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

WITNESSES:                             AIRCRAFT TECHNOLOGY, INC., a Florida
                                       Corporation

________________________               By: ___________________________
                                       Print Name: Thomas S. Irwin
________________________               Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of AIRCRAFT TECHNOLOGY, INC., a Florida
Corporation, who is personally known to me or who has produced a known as
identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

                                       6
<PAGE>

WITNESSES:                             HEICO AVIATION PRODUCTS CORPORATION, a
                                       Florida Corporation

________________________               By:_____________________________
                                       Print Name: Thomas S. Irwin
________________________               Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of HEICO AVIATION PRODUCTS CORPORATION, a
Florida Corporation, who is personally known to me or who has produced a known
as identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

WITNESSES:                             NORTHWINGS ACCESSORIES CORPORATION, a
                                       Florida Corporation

_________________________              By:_____________________________
                                       Print Name: Thomas S. Irwin
_________________________              Title: Treasurer

STATE OF FLORIDA
COUNTY OF BROWARD

The foregoing instrument was acknowledged before me this 23rd day of October,
2000 by Thomas S. Irwin as Treasurer of NORTHWINGS ACCESSORIES CORPORATION, a
Florida Corporation, who is personally known to me or who has produced a known
as identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Elizabeth R. Letendre
                                       My Commission Expires:  August 2, 2004

                                       7
<PAGE>

WITNESS                                LENDER:

______________________                 EAGLE NATIONAL BANK OF MIAMI,
                                       a National Banking Association
______________________
                                       By:____________________________
                                       Print Name:  Antionette Infante.
                                       Title: Assistant Vice President

STATE OF FLORIDA
COUNTY OF MIAMI DATE

The foregoing instrument was acknowledged before me this 27 day of October,
2000, by Antoinette Infante as Assistant Vice-President of Eagle National Bank
of Miami, who is personally known to me of who produced a _________________ as
identification.

                                       -------------------------------
                                       NOTARY PUBLIC
                                       Print Name:  Lourdes Escarza
                                       My Commission Expires:   January 9, 2004

                                       8

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