Document:

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EXHIBIT 10.2

               FIRST AMENDMENT OF EXCLUSIVE FINDER'S FEE AGREEMENT

         This First Amendment of Exclusive Finder's Fee Agreement ("Amendment")
is entered into on August 30, 2001, by and between Ontro, Inc., a California
corporation ("Ontro") and Aura (Pvt.) Ltd., a Pakistani corporation ("Aura").
Ontro and Aura are collectively referred to herein as the "Parties." Unless
otherwise defined herein, capitalized terms shall have the meanings given them
in the Exclusive Finder's Fee Agreement dated as of May 22, 2001 between Ontro
and Aura (the "Agreement").

                                    RECITALS

         WHEREAS, the market price of Ontro's common stock has declined since
the execution and delivery of the Agreement so that the common stock purchase
price and the warrant exercise price, respectively, specified in the Agreement
is at a premium to the market and not at a discount as intended by the Parties;
and

         WHEREAS, the staff of The Nasdaq Stock Market has indicated that the
provisions of Section B.3 of the Agreement concerning an increase in the number
of directors and the appointment of four directors nominated by Aura to the
Board is not compliant with The Nasdaq Stock Market corporate governance rules:
and

         WHEREAS, the Parties wish to amend and modify the terms of the
Agreement in accordance with the terms of this Amendment;

         NOW, THEREFORE, the Parties hereby agree as follows:

         1. AMENDMENT OF SECTION A OF THE AGREEMENT.

         A. Section A.1. of the Agreement is hereby deleted in its entirety and
the following new Section A.1. is substituted therefor:

                   "1. FINDER. Aura agrees to use its best efforts to find one
                   or more purchasers from Ontro for a total of 2,000,000 shares
                   of authorized and un-issued common stock of Ontro for a
                   purchase price equal to no less then $0.80 per share
                   ($1,600,000). In consideration therefore, Ontro agrees to
                   grant to Aura a warrant (the "Commitment Warrant") to
                   purchase 210,000 shares of Ontro common stock for $0.80 per
                   share, and with all other terms of the Commitment Warrant to
                   be the same as the Performance Warrant defined in paragraph
                   A.2.(b) below. The Commitment Warrant and the Performance
                   Warrant are sometimes collectively referred to herein as the
                   "Warrants"."

         B. Section A.2.(b) of the Agreement is amended to delete therefrom the
reference to "$1.00" and to replace such deleted amount with a reference to
"$0.80."

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         C. Section A.3. of the Agreement is amended to delete therefrom the
reference to "1,600,000 Shares" and to replace such deletion with a reference to
"2,000,000 Shares."

         2. AMENDMENT OF SECTION B OF THE AGREEMENT.

         A. The Parties hereby agree that Section B.3. of the Agreement, which
is set forth in its entirety below, is hereby deleted from the Agreement and is
of no further force and effect:

                   3. BOARD OF DIRECTORS. Following the execution of this
                   Agreement and deposit of the Aura System Shares into the
                   Account as set forth in Section B. 8 herein, the Board of
                   Directors of Ontro (the "Ontro Board") shall appoint to
                   vacant seats on the Ontro Board four individuals nominated by
                   Aura and approved by the Ontro Board as follows:

                  i On May 22, 2001 the Ontro Board shall resolve to increase
                  the number of Directors on the Ontro Board to seven;

                  ii On May 22, 2001 the Ontro Board shall appoint Mir. Saied
                  Kashani to a currently vacant seat on the Ontro Board;

                  iii Upon nomination of a second individual by Aura, the Ontro
                  Board shall appoint such nominee to a currently vacant seat on
                  the Ontro Board;

                  iv. Upon nomination of a third individual by Aura, one
                  Director who was a member of the Ontro Board prior to May 22,
                  2001 shall resign and the Aura nominee shall be appointed to
                  the newly vacant seat;

                  v. Upon nomination of a fourth individual by Aura, one
                  Director who was a member of the Ontro Board prior to May 22,
                  2001 shall resign and the Aura nominee shall be appointed to
                  the newly vacant seat;

                  The Ontro Board's approval of all nominees made by Aura shall
                  be promptly given and approval shall not be unreasonably
                  withheld.

         B. Section B.6. of the Agreement is deleted in its entirety and the
following new Section B.6 is substituted therefore:

                "6. BREAK-UP FEE. If Ontro fails to close a committed purchase
                of Shares for no less then $0.80 per share from a Purchaser who
                is ready, willing, and able to purchase Shares constituting
                directly or indirectly a minimum of 250,000 Shares for a minimum
                of $200,000 up to a maximum of 2,000,000 Shares for $1,600,000,
                and such purchase is on other terms that are acceptable to
                Ontro, which acceptance shall not be unreasonably withheld, then
                Ontro shall pay Aura the fees set forth in paragraph A.2. above

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                notwithstanding Ontro did not receive the funds or sell the
                Shares. The Performance Warrant issued to Aura in such case
                shall have all of the same registration rights and other rights
                set forth in Section C, below."

         C. Section B.8.(c) of the Agreement is hereby amended to delete
reference to "$1.00" at the end of the second sentence of such Section and to
replace such deletion with "$0.80".

         D. Remaining Sections B.4. through B.8. of the Agreement are hereby
redesignated as Sections B.3. to B.7., respectively

         3. RIGHT TO TERMINATE INVESTMENT OBLIGATION. Notwithstanding any
provision of the Agreement or this Amendment to the contrary, Aura shall be
entitled to terminate the Agreement as to any obligations not then performed by
either of the Parties and recover all securities deposited by Aura and all
proceeds of sale of such securities if the Ontro shareholders fail to elect
Aura's nominee(s) to the Ontro Board of Directors at any meeting of Ontro
shareholders held to elect directors following the date of the Agreement.

         4. NO FURTHER CHANGES. Except as otherwise set forth in Sections 1
through 3 of this Amendment, the Agreement shall remain in full force and effect
with no further changes.

         IN WITNESS WHEREOF, the Parties have caused this Amendment to be
executed as of August 30, 2001.

                                                Ontro, Inc.
                                                a California corporation

                                                By:  /s/ James A. Scudder
                                                     ---------------------------
                                                     James A. Scudder, President

                                                Aura (Pvt.) Ltd.
                                                a Pakistani corporation

                                                By: /s/ Mir Saied Kashani
                                                    ----------------------------
                                                    Mir Saied Kashani
                                                    Its: Agent/Attorney-in-Fact

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Exhibit 10.19

                        EXCLUSIVE FINDER'S FEE AGREEMENT

         This agreement is entered into on May 22, 2001, by and between Ontro,
Inc., a California corporation ("Ontro") and Aura (Pvt.) Ltd., a Pakistani
corporation ("Aura") subject to the conditions specified in Section F below.
Ontro and Aura are collectively referred to herein as the "Parties."

                                      TERMS

         A. FINDER'S FEES, COMMITMENT TO PURCHASE, AND ESCROW OF SECURITIES.
            ---------------------------------------------------------------

                  1. FINDER. Aura agrees to use its best efforts to find one or
more purchasers from Ontro for a total of 1,600,000 shares of authorized and
un-issued common stock of Ontro for a purchase price equal to no less then $1.00
per share ($1,600,000). In consideration therefore, Ontro agrees to grant to
Aura a warrant (the "Commitment Warrant") to purchase 210,000 shares of Ontro
common stock for $1.00 per share, and with all other terms of the Commitment
Warrant to be the same as the Performance Warrant defined in paragraph A.2.(b)
below. The Commitment Warrant and the Performance Warrant are sometimes
collectively referred to herein as the "Warrants".

                  2. FINDER'S FEE. In the event Ontro accepts funds from the
sale of Ontro common stock ("Shares") from any one ("Purchaser") during the
Period (as defined below), Ontro shall pay Aura a finder's fee in the amount of:

                           (a) below, Shares of the common stock of Ontro
equal to 5% of the Shares sold to the Purchaser; plus

                           (b) below, a warrant (the "Performance Warrant")
to purchase the number of shares of common stock of Ontro equal to 15% of
the number of shares of Ontro common stock purchased by the Purchaser.
The exercise price of the Warrants shall be equal to the purchase price of
the Shares ($1.00). The Warrants shall have a five-year term from the date
of issuance. The Warrants shall be issued to Aura or its designee provided
Aura and the designee provide to Ontro the same representations and warranties
with regard to the designee as are provided by Aura in regard to itself and its
affiliates in this Agreement, and in the form of warrant attached hereto as
Exhibit A. In addition no designee may directly or indirectly be in a business
similar to, or in competition with, Ontro or any of its licensees sub-licensees
or potential customers, and no designee may be affiliated directly or indirectly
with any owner cumulatively (including the shares underlying the Warrants) of 5%
or more of any class or cumulatively any classes of Ontro securities, unless
such designee is approved by Ontro which approval shall not be unreasonably
withheld.

                  3. PERFORMANCE PERIOD; PAYMENT OF FEE. Ontro shall pay a
finder's fee in connection with funds received by Ontro from the sale of Shares
at any time from any Purchaser during the period May 22, 2001 through October
30, 2001, (the "Period"). In the event Ontro sells 1,600,000 Shares to
Purchasers during the Period Aura shall have the right in its sole discretion to
extend the Period through April 30, 2002.

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         A Purchaser includes affiliates and related parties of a Purchaser.
Ontro shall pay the finder's fee upon closing of the sale of the Shares. All
sales of Shares shall be pursuant to a Stock Purchase Agreement by and between
Ontro and the Purchaser substantially in the form set forth in Exhibit B.

                  4. ONTRO PURCHASERS. Notwithstanding the provisions of
paragraph A.(3), above, no finder's fee shall be due in connection with funds
received by Ontro from the sale of any security to Unilever and its affiliates
and designees.

         B. COMPLETION OF PRIOR AGREEMENT; ADDITIONAL RIGHTS TO AURA.
            --------------------------------------------------------

                  1. COMPLETION OF PRIOR AGREEMENT. On January 19, 2001, Ontro
and Aura entered into a similar Exclusive Finder's Fee Agreement (the "Prior
Agreement") a copy of which is attached hereto as Exhibit "C." Aura has
substantially completed the Prior Agreement. Prior to execution of this
Agreement, Aura shall complete the Prior Agreement, by finding one or more
purchasers to purchase the remainder of the 1,300,000 shares of common stock of
Ontro referenced in the Prior Agreement which on that date have not been
previously purchased by Aura or its designees (the "Remaining Shares"), or by
purchasing the Remaining Shares itself including at Aura's election by
authorizing Ontro to withdraw and sell for Ontro's benefit an adequate number of
the escrowed securities referenced in the Prior Agreement which are currently
held in the Account referenced in paragraph B.7 herein.

                  2. COMPLETION OF ISSUANCES PURSUANT TO PRIOR AGREEMENT. No
later than the date of this Agreement, Ontro shall have issued all shares of
Ontro common stock and warrants to purchase Ontro common stock that are due to
Aura pursuant to the Prior Agreement.

                  3. BOARD OF DIRECTORS. Following the execution of this
Agreement and deposit of the Aura System Shares into the Account as set forth in
Section B. 8 herein, the Board of Directors of Ontro (the "Ontro Board") shall
appoint to vacant seats on the Ontro Board four individuals nominated by Aura
and approved by the Ontro Board as follows:

                           i.       On May 22, 2001 the Ontro Board shall
                                    resolve to increase the number of Directors
                                    on the Ontro Board to seven;

                           ii.      On May 22, 2001 the Ontro Board shall
                                    appoint Mir. Saied Kashani to a currently
                                    vacant seat on the Ontro Board;

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                           iii.     Upon nomination of a second individual by
                                    Aura, the Ontro Board shall appoint such
                                    nominee to a currently vacant seat on the
                                    Ontro Board;

                           iv.      Upon nomination of a third individual by
                                    Aura, one Director who was a member of the
                                    Ontro Board prior to May 22, 2001 shall
                                    resign and the Aura nominee shall be
                                    appointed to the newly vacant seat;

                           v.       Upon nomination of a fourth individual by
                                    Aura, one Director who was a member of the
                                    Ontro Board prior to May 22, 2001 shall
                                    resign and the Aura nominee shall be
                                    appointed to the newly vacant seat;

The Ontro Board's approval of all nominees made by Aura shall be promptly given
and approval shall not be unreasonably withheld.

                  4. DISCONTINUATION OF CASH PAYMENTS TO NON-EMPLOYEE DIRECTORS.
Upon execution of this Agreement and continuing thereafter until all four
nominees of Aura have been appointed to the Ontro Board, Ontro shall cease
making or accruing the obligation to make any cash payments to non-employee
Directors.

                  5. EXPENSE REVIEW. During the term of this Agreement Ontro
shall provide access to financial records and shall upon request meet and confer
in person or otherwise with a representative or representatives of Aura
sufficient to allow the Aura representative(s) to review all of the expenditures
of Ontro on a weekly basis.

                  6. BREAK-UP FEE. If Ontro fails to close a committed purchase
of Shares for no less then $1.00 per share from a Purchaser who is ready,
willing, and able to purchase Shares constituting directly or indirectly a
minimum of 200,000 Shares for a minimum of $200,000 up to a maximum of 1,600,000
Shares for $1,600,000, and such purchase is on other terms that are acceptable
to Ontro, which acceptance shall not be unreasonably withheld, then Ontro shall
pay Aura the fees set forth in paragraph A. 2 above notwithstanding Ontro did
not receive the funds or sell the Shares. The Performance Warrant issued to Aura
in such case shall have all of the same registration rights and other rights set
forth in Section C, below.

                  7. RIGHT OF FIRST REFUSAL TO AURA. Aura shall have the first
right of refusal to provide any additional funds from the sale of Ontro
securities that Ontro believes it needs at any time prior to the expiration of
the term of this Agreement. This right shall not apply to any funds that may be
provided by Unilever or its affiliates or designees. In the event Ontro intends

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to raise additional capital through the sale of its securities prior to the end
of the term of this Agreement to any party other than Unilever or its affiliates
and designees then Ontro shall provide written notice to Aura of the terms of
such proposed issuance, and Aura shall have the right for 15 days from receipt
of Ontro's notice to Aura to notify Ontro in writing that Aura will act as a
finder to supply a Purchaser for the proposed issuance, or Aura or its designee
will purchase the securities on the terms set forth in Ontro's notice to Aura.
If Aura elects to act as a finder and supply a Purchaser for the proposed
issuance or Aura or its designee elects to purchase the securities Aura shall be
paid the fees set forth in paragraph A. 2 above in connection with the issuance
of the securities.

                  8. ESCROW OF SECURITIES. In consideration of Ontro entering
into this agreement Aura agrees that upon execution of this Agreement Aura or
its designee shall deposit into Ontro's existing securities brokerage account
with Wells Fargo Van Kaspar (the "Account") for Ontro's benefit 2,500,000 shares
of freely transferable common stock of Aura Systems, Inc. (the "Aura Systems
Shares").

                           (a) After May 22, 2001 and from time to time
thereafter Ontro may withdraw and sell the Aura System Shares for its benefit.
Subject only to the other terms of this Agreement Ontro may withdraw and sell
Aura System Shares in an amount (net of all costs of sale) Ontro needs to fund
its ongoing operations, but in no event more then $230,000 in any one month.

                           (b) Ontro may only withdraw and sell the Aura Systems
Shares from the Account if all cash and marketable securities owned by Ontro
have a total value less then $400,000 at the time of the withdrawal. Ontro may
only withdraw and sell Aura Systems Shares from the Account until all proceeds
from the sale of the Aura Systems Shares withdrawn from the Account (net of all
costs of sale) is equal to $1,600,000 less all proceeds received from the sale
of Shares pursuant to this Agreement.

                           (c) Every time Ontro withdraws and sells Aura Systems
Shares from the Account, Ontro shall immediately issue to Aura or its designee
shares of common stock of Ontro. The number of shares of Ontro common stock to
be issued to Aura or its designee shall be equal to the proceeds received by
Ontro from the sale of the Aura Systems Shares withdrawn from the Account
valuing each Ontro common share at $1.00. In addition Ontro shall pay to Aura
the fees set forth in paragraph A. 2 above in connection with all Ontro common
stock issued to Aura or its designee pursuant to this Section B.8.(c). Aura or
its designee who receives the Ontro common shares shall execute all documents
reasonably required by Ontro to issue the common stock, such documents to
include by way if illustration and not limitation substantially all of the same
representations and warranties Aura makes in section D below.

                           (d) After Ontro has received a total of $1,600,000
from the combined sale of Shares and the sale of Aura Systems Shares withdrawn
from the Account (net of all costs of sale of the Aura Systems Shares) Ontro
shall have no further right to the Aura Systems Shares in the Account, and Ontro
shall immediately cause all of the remaining Aura Systems Shares in the Account
to be returned to Aura or its designee.

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         C. THE WARRANTS
            ------------

                  1. REGISTRATION RIGHTS. Common shares issued to Aura or its
designee pursuant to this Agreement and all Ontro common stock which may be
purchased upon exercise of the Warrants shall be registered by Ontro with the
Securities and Exchange Commission ("SEC") by the earlier of (a) the next
subsequent Registration Statement filed by Ontro with the SEC which is filed to
register the sale of common stock, such shares to be registered by Ontro as part
of such subsequent filing ("piggyback registration"), or (b) within 90 days
following written demand by Aura ("demand registration rights").

                  2. TRANSFERABILITY OF WARRANTS. The Warrants, or any portion
thereof, may only be transferred by the holder prior to exercise if (a) such
transfer is made pursuant to an effective registration statement filed with the
SEC, and provided the transfer is also in compliance with all applicable state
securities laws; or (b) if the transferor provides the Company with a legal
opinion from counsel to the transferor in form and content satisfactory to the
Company and its counsel stating that registration is not required, and the
transfer is in compliance with all applicable securities laws. In such an event,
upon the written request of the holder, Ontro shall promptly re-issue the
Warrants, or any portion thereof, to the holder's designated transferee(s) and
shall re-issue any residual portion of such Warrants (if any) to the holder. The
transferee shall be subject to the same terms and conditions, and shall enjoy
the same rights, as the holder.

                  3. FORM OF WARRANTS. The Warrants shall be substantially in
the form of the warrant attached hereto as Exhibit A, and shall include the
provisions set forth in paragraph C.4 below.

                  4. PROTECTION AGAINST DILUTION.

                           (a) If at any time and from time to time Ontro shall:
(i) declare a dividend in shares of common stock to a holder of common stock or
make a distribution in shares of common stock to holders of common stock, (ii)
subdivide its outstanding shares of common stock, (iii) combine its outstanding
shares of common stock, or (iv) otherwise effect a re-capitalization of such
character that the shares of common stock shall be changed into or become
exchangeable for a greater or lesser number of shares of common stock, then the
Exercise Price in effect on the record date of such dividend or distribution or
the effective date of such subdivision, combination or reclassification
(individually an "Event" and collectively the "Events") shall be adjusted, or
further adjusted, to a price (to the nearest cent) determined by multiplying (i)
the exercise price of the Warrant(s) in effect immediately prior to such Event
by (ii) a fraction, the numerator of which shall be the number of shares of
common stock outstanding immediately prior to such Event, and the denominator of
which shall be the number of shares of common stock outstanding immediately
after such Event. Upon each adjustment in the exercise price resulting from an
Event, the number of shares of Ontro common stock which may be purchased upon
exercise of the Warrants shall be adjusted (to the nearest one-thousandth share)
by multiplying (i) the number of shares of Ontro common stock which may be
purchased upon exercise of the Warrants immediately prior to such Event by (ii)

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a fraction, the numerator of which shall be the exercise price in effect
immediately prior to such Event, and the denominator of which shall be the
exercise price in effect immediately after such Event. Notice of each such
adjustment and each such readjustment shall be forthwith mailed to the Holder
setting forth such adjustments or readjustments and the facts and calculations
thereof in reasonable detail. Any dividend paid or distributed upon the common
stock in stock of any other class of securities convertible into shares of
common stock shall be treated as a dividend paid in common stock to the extent
that shares of common stock are to be issued upon the conversion thereof.

                           (b) In case: (i) a distribution in the form of stock
or other securities of any other corporation or other entity shall be made or
paid by Ontro on, or with respect to, the then outstanding shares of common
stock, (ii) Ontro shall effect a re-capitalization of such character that the
shares of common stock will be changed into or become exchangeable for shares of
common stock with a different par value or no par value, or (iii) Ontro (or a
successor corporation) shall be consolidated or merged with or into another
corporation or entity or shall sell, lease or convey all or substantially all of
its assets in exchange for stock or property (including cash) with the view of
distributing such stock or property to its shareholders, each share issuable
upon exercise of the Warrants shall be replaced by, and/or shall include, as the
case may be, for the purposes hereof, the stock or property issued or
distributed in respect of each share of common stock upon such
re-capitalization, reclassification, merger, sale, lease or conveyance as the
Holder would have been entitled to had the Holder exercised the Warrants
immediately prior to any such occurrence, and adequate provision to that effect
shall be made at the time thereof.

                           (c) In case: (i) of any classification,
reclassification or other reorganization of the capital stock of Ontro,
consolidation or merger of Ontro with or into another corporation, or the sale,
lease or conveyance of all or substantially all of the assets of Ontro; or (ii)
of the voluntary or involuntary dissolution, liquidation or winding up of Ontro;
then, and in any such case, Ontro shall mail to the Holder, at least 15 days
prior thereto, a notice stating the date or expected date on which a record is
to be taken. Such notice shall also specify the date or expected date, if any is
to be fixed, as of which holders of common stock of record shall be entitled to
exchange their shares of common stock for securities or other property
deliverable upon such classification, reclassification, reorganization,
consolidation, merger, conveyance, dissolution, liquidation, winding up or any
other appropriate action, as the case may be.

                  5. SUBSEQUENT AGREEMENTS. It is understood that subsequent or
contemporaneous agreements or writings may be executed by Aura, Aura's designees
or Ontro in order to effectuate issuance or exercise of the Warrants. In the
case of any conflict between this Agreement and any such agreements or writings,
or the Warrants, or the terms thereof, unless the terms of the subsequent or
contemporaneous agreement expressly state otherwise, the terms of this Agreement
shall control notwithstanding any contrary provision of any subsequent
agreements, writings, or warrants.

                  6. CERTIFICATES. Ontro or its transfer agent shall re-issue
the Warrants or certificates for shares issued to Aura or its designee pursuant
to this Agreement, or purchased upon exercise of the Warrants in lesser
denominations upon request of the holder, subject to a minimum of 5,000 shares.

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                  7. CASH OR SHARE EQUIVALENT. In the event the common stock to
be issued to Aura or its designees pursuant to this Agreement, the Warrant(s) or
common stock purchased upon a valid exercise of the Warrant(s,) are not or
cannot be issued pursuant to the terms of this Agreement by no fault of the
holder, in addition to all other remedies, Ontro shall be responsible to pay the
holder, upon demand, the equivalent value of the Warrants (a) in cash or (b) at
Ontro's option, in registered, immediately tradable shares of Ontro that can
actually be sold within 30 days of delivery for an amount equal to the value of
the warrants on the date of delivery.

                           In such an event the value of the common stock and
the Warrant(s) shall be deemed to be the closing share price of Ontro shares on
the day of otherwise valid receipt of the common stock or exercise of the
Warrants, less in the case of the Warrants only the per share exercise price of
the Warrant(s), times the number of shares not issued.

                           In the case of the Warrants upon payment Ontro of the
equivalent value pursuant to this Section, the holder of any Warrants shall
return the Warrant(s) for which equivalent value is paid.

         D. REPRESENTATIONS AND WARRANTIES OF AURA. This Agreement is made with
Aura in reliance upon Aura's representation and warranties to Ontro, which by
Aura's execution of this Agreement Aura hereby confirms that:

                  1. PURCHASE ENTIRELY FOR OWN ACCOUNT. The securities to be
received by Aura will be acquired for investment for Aura's own account, not as
a nominee or agent, and not with a view to the resale or distribution of any
part thereof, and Aura has no present intention of selling, granting any
participation in, or otherwise distributing the same. By executing this
Agreement, Aura further represents Aura does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant any
participation to such person or to any third person, with respect to any of the
Warrants or common stock which can be purchased upon exercise of the Warrants.

                  2. DISCLOSURE OF INFORMATION. Aura believes it has received
all the information regarding Ontro it considers material or desirable in order
to decide to acquire the Warrants. Aura further represents that it has had an
opportunity to ask questions and receive answers from Ontro regarding Ontro, its
business and the terms and conditions of the Warrants.

                  3. DEVELOPMENT STAGE COMPANY. Aura recognizes Ontro is a
development stage company, that it has an accumulated deficit and a working
capital deficit, has not generated any revenue from operations and is not
expected to generate any revenue from operations for some time and perhaps for
years, and that proposed development expenditures are expected to result in
substantial and increasing losses over at least the next several years, and
possibly much longer. Investment in Ontro involves substantial risk, and Aura
should not acquire the Warrants unless it can afford the complete loss of its
investment. Aura has taken full cognizance of and understands all of the risk
factors related to the receipt of the Warrants.

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                  4. CONFIDENTIALITY. Aura hereby represents, warrants and
covenants that it shall maintain in confidence, and shall not use or disclose
without the prior written consent of Ontro, any information about Ontro
furnished to it by Ontro, whether or not such information was acquired or
disclosed in connection with this Agreement.

                  5. INVESTMENT EXPERIENCE. Aura is an investor in securities of
privately held development stage companies, and acknowledges that it is able to
protect itself in connection with the Warrants, can bear the economic risk of a
complete loss of its investment, and has such knowledge and experience in

financial or business matters that it is capable of evaluating the merits and
risks of the Warrants.

                  6. ADVICE OF PROFESSIONALS. Aura has carefully considered and
has been advised by Ontro to have any material provided by anyone regarding
Ontro including but not limited to this agreement, related documents and the
acquisition of the Warrants reviewed by its legal counsel prior to acquisition,
and to discuss with its professional tax and financial advisers the suitability
of the acquisition of the Warrants for its particular tax and financial
situation, and it has determined the Warrants are suitable for it. Ontro
specifically disclaims any representations regarding the legal, tax or financial
consequences of the Warrants, other than the representation this is a high risk
transaction.

                  7. AUTHORITY. Aura's execution, delivery and performance of
and under this agreement, and all documents ancillary hereto, and the
consummation of the transactions contemplated hereby and thereby have been duly
authorized, and Aura is duly authorized (a) to execute and deliver this
agreement and all other instruments executed and delivered on behalf of such
partnership, corporation, trust, estate or other entity, in connection with the
issuance in its name of the Warrants; and (b) to acquire and hold the Warrants,
(ii) such entity has not been formed for the specific purpose of acquiring the
Warrants; and (iii) when executed and delivered by Ontro, will constitute such
partnership's, corporation's, trust's, estate's or other entity's legal, valid
and binding obligation enforceable against it in accordance with its terms.

                  8. RESTRICTED SECURITIES. Aura understands the Warrants and
the shares of common stock it may purchase upon exercise of the Warrants are
characterized as "restricted securities" under the federal securities laws
inasmuch as they are being acquired from Ontro in a transaction not involving a
public offering and that under such laws and applicable regulations such
securities may be resold without registration under the Securities Act of 1933,
as amended (the "Securities Act"), only in certain limited circumstances. In
this connection, Aura represents it is familiar with Securities and Exchange
Commission ("SEC") Rule 144, as presently in effect, and understands the resale
limitations imposed thereby and by the Securities Act.

                  9. ACCREDITED INVESTOR. Aura is an accredited investor as
defined in Rule 501(a) of Regulation D of the SEC, as amended, under the
Securities Act.

                  10. NO REPRESENTATIONS REGARDING FUTURE RESULTS. It never has
been represented, guaranteed or warranted by Ontro, any of the officers,
directors, shareholders, partners, employees, legal counsel, auditor or agents
of Ontro or its advisors, or any other persons, whether expressly or by
implication, that the past performance or experience of the management of Ontro,
or of any other person, or any present business and financial plans of Ontro,
will in any way indicate the future results which may be achieved from the
ownership of the Warrants or the common stock of Ontro.

                                       8

<PAGE>

                  11. ACKNOWLEDGMENT AND PRIOR AGREEMENT. Aura understands the
meaning and legal consequences of the representations and warranties contained
in this Agreement, and Aura hereby agrees Ontro and each officer, director,
employee, agent, legal counsel and controlling person of Ontro, past, present or
future, may rely on each such representation and warranty.

                  12. SURVIVAL. The foregoing representations and warranties
shall be true and accurate as of the date of the acceptance hereof by Ontro and
shall survive the execution and delivery of this Agreement and the delivery of
the Warrants and any common stock upon exercise of the Warrants thereafter.

         E. REPRESENTATIONS AND WARRANTIES OF ONTRO. This Agreement is made with
Ontro in reliance upon Ontro's representation and warranties to Aura, which by
Ontro's execution of this Agreement Ontro hereby confirms that:

                  1. MONTHLY EXPENSES. Ontro shall maintain its monthly cash
expenses at no more than $230,000 per month during the term of this Agreement.
During the term of the Agreement, Ontro shall not increase these expense levels
unless Ontro receives funds from the sale of securities to Unilever or its
affiliates, in which case, Ontro may increase the amount of monthly expenses up
to, but not in excess of $320,000 per month. Ontro shall provide confirmation of
compliance with this provision upon Aura's written request, and to allow Aura or
its agents at Aura's expense to audit Ontro's financial records to confirm
compliance with this representation.

                  2. L.L. KNICKERBOCKER COMMON STOCK. Upon the written request
of Aura Ontro shall include any of the shares of Ontro common stock currently
owned by the L.L. Knickerbocker Company in any registration statement filed by
Ontro pursuant to section C.1.(b) of this Agreement provided the same shares are
not then able to be freely transferred by the L.L. Knickerbocker Company
pursuant to Rule 144(k) under the United States Securities Act of 1933.

                  3. LIMITATION ON FURTHER SALES OF SECURITIES. During the term
of this Agreement without the prior written consent of Aura which consent shall
not be unreasonably withheld, Ontro shall not issue additional equity securities
of Ontro other than:

                           (a) Securities issued to Unilever its affiliates or
designees;

                           (b) Securities issued for fair value to its
non-employee directors with a value no greater then $15,000 per month;

                           (c) Options issued pursuant to its 1996 Stock Option
Plan for no more then a total of 20,000 shares;

                           (d) Common stock or options issued in lieu of
payments due to current officers, directors, employees and non-employee
professionals.

                                       9

<PAGE>

         F. CONDITION TO PERFORMANCE OF AGREEMENT.  Notwithstanding any other
            -------------------------------------
provision of this agreement to the contrary, this agreement shall not become
effective and the Parties shall not be required to perform their respective
obligations hereunder at any time prior to the last to occur of (i) the
consent of the Ontro shareholders to the issuance of the Warrants as defined
in the Prior Agreement and to this agreement as required by Rule 4350(i) of
The Nasdaq Stock Market, Inc. ("Rule 4350(i)"), or (ii) the receipt of an
exemption issued by The Nasdaq Stock Market, Inc. from the shareholder
consent requirement of Rule 4350(i) and (iii) this issuance to Aura of the
Warrants as defined in the Prior Agreement.

         G. OTHER TERMS
            -----------

                  1. SUCCESSORS AND ASSIGNS. The obligation to pay the finder's
fee is binding on Ontro and on its successors and assigns.

                  2. COMPLETE AGREEMENT; MODIFICATION. This Agreement
constitutes the complete agreement of the parties on the subject matter hereof.
This agreement may not be modified except by a writing signed by both parties
that specifically references that this Agreement is being changed.

                  3. NO REPRESENTATIONS. Each party has conducted its own
investigation of all facts and circumstances surrounding this Agreement and
hereby deems that investigation to be sufficient. Neither party is relying upon
any representations or statements made, or not made, by the other in entering
into this Agreement and related agreements. Each party hereby waives the right
to contend otherwise in the future.

                  4. GOVERNING LAW, VENUE. This Agreement shall be governed by
and construed under the laws of the State of California, irrespective of its
choice of law principles. Venue for any action brought in connection with the
subject matters of this Agreement shall be in a court of competent jurisdiction
located in San Diego County, California.

                  5. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                  6. TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

                  7. NOTICES. Unless otherwise provided, any notice required or
permitted under this Agreement shall be given in writing and shall be deemed
effectively given upon personal delivery to the party to be notified or, upon
deposit with the United States Post Office, by registered or certified mail, or
upon deposit with a recognized overnight air courier who requires and obtains a
signature from the recipient, in each case postage prepaid and addressed to the
party to be notified at the address indicated for such party on the signature
page hereof, or at

                                       10

<PAGE>

such other address as such party may designate by 10 days'
advance written notice to the other party.

                  8. SPECIFIC PERFORMANCE. The parties agree that the terms of
this agreement can be enforced by specific performance in addition to all other
remedies, with any bond requirement waived.

                  9. SEVERABILITY. In the event that any term of this agreement
is found to be invalid or unenforceable, the remaining terms shall remain in
full force and effect.

 [THIS PORTION OF THE PAGE INTENTIONALLY LEFT BLANK - SIGNATURE PAGE TO FOLLOW]

                                       11

<PAGE>

                  10. BINDING EFFECT; AUTHORITY. Each party warrants and
represents that it has the power to enter into this Agreement and be bound by
the terms thereof. The persons signing below warrant and represent that they
have the power to bind their respective companies to this Agreement.

         ACCEPTED AND AGREED:
                                                 Ontro, Inc.
                                                 a California corporation

                                                 By: /S/ JAMES A. SCUDDER
                                                     ---------------------------
                                                     James A. Scudder, President

                                                 Aura (Pvt.) Ltd.
                                                 a Pakistani corporation

                                                 By: /S/ SAIED KASHANI
                                                 Print Name: Saied Kashani
                                                 Its: Agent/Atty-in-Fact

                                       12

<PAGE>

                                    EXHIBIT A
                                    ---------

                                FORM OF WARRANTS

                                       A

<PAGE>

                                    EXHIBIT B
                                    ---------

                        FORM OF STOCK PURCHASE AGREEMENT

                                       B

<PAGE>

                                    EXHIBIT C
                                    ---------

                        EXCLUSIVE FINDER'S FEE AGREEMENT
                             DATED JANUARY 19, 2001

                                       C

<PAGE>
EXHIBIT 10.20

               FIRST AMENDMENT OF EXCLUSIVE FINDER'S FEE AGREEMENT

         This First Amendment of Exclusive Finder's Fee Agreement ("Amendment")
is entered into on August 30, 2001, by and between Ontro, Inc., a California
corporation ("Ontro") and Aura (Pvt.) Ltd., a Pakistani corporation ("Aura").
Ontro and Aura are collectively referred to herein as the "Parties." Unless
otherwise defined herein, capitalized terms shall have the meanings given them
in the Exclusive Finder's Fee Agreement dated as of May 22, 2001 between Ontro
and Aura (the "Agreement").

                                    RECITALS

         WHEREAS, the market price of Ontro's common stock has declined since
the execution and delivery of the Agreement so that the common stock purchase
price and the warrant exercise price, respectively, specified in the Agreement
is at a premium to the market and not at a discount as intended by the Parties;
and

         WHEREAS, the staff of The Nasdaq Stock Market has indicated that the
provisions of Section B.3 of the Agreement concerning an increase in the number
of directors and the appointment of four directors nominated by Aura to the
Board is not compliant with The Nasdaq Stock Market corporate governance rules:
and

         WHEREAS, the Parties wish to amend and modify the terms of the
Agreement in accordance with the terms of this Amendment;

         NOW, THEREFORE, the Parties hereby agree as follows:

         1. AMENDMENT OF SECTION A OF THE AGREEMENT.

         A. Section A.1. of the Agreement is hereby deleted in its entirety and
the following new Section A.1. is substituted therefor:

                   "1. FINDER. Aura agrees to use its best efforts to find one
                   or more purchasers from Ontro for a total of 2,000,000 shares
                   of authorized and un-issued common stock of Ontro for a
                   purchase price equal to no less then $0.80 per share
                   ($1,600,000). In consideration therefore, Ontro agrees to
                   grant to Aura a warrant (the "Commitment Warrant") to
                   purchase 210,000 shares of Ontro common stock for $0.80 per
                   share, and with all other terms of the Commitment Warrant to
                   be the same as the Performance Warrant defined in paragraph
                   A.2.(b) below. The Commitment Warrant and the Performance
                   Warrant are sometimes collectively referred to herein as the
                   "Warrants"."

         B. Section A.2.(b) of the Agreement is amended to delete therefrom the
reference to "$1.00" and to replace such deleted amount with a reference to
"$0.80."

<PAGE>

         C. Section A.3. of the Agreement is amended to delete therefrom the
reference to "1,600,000 Shares" and to replace such deletion with a reference to
"2,000,000 Shares."

         2. AMENDMENT OF SECTION B OF THE AGREEMENT.

         A. The Parties hereby agree that Section B.3. of the Agreement, which
is set forth in its entirety below, is hereby deleted from the Agreement and is
of no further force and effect:

                   3. BOARD OF DIRECTORS. Following the execution of this
                   Agreement and deposit of the Aura System Shares into the
                   Account as set forth in Section B. 8 herein, the Board of
                   Directors of Ontro (the "Ontro Board") shall appoint to
                   vacant seats on the Ontro Board four individuals nominated by
                   Aura and approved by the Ontro Board as follows:

                  i On May 22, 2001 the Ontro Board shall resolve to increase
                  the number of Directors on the Ontro Board to seven;

                  ii On May 22, 2001 the Ontro Board shall appoint Mir. Saied
                  Kashani to a currently vacant seat on the Ontro Board;

                  iii Upon nomination of a second individual by Aura, the Ontro
                  Board shall appoint such nominee to a currently vacant seat on
                  the Ontro Board;

                  iv. Upon nomination of a third individual by Aura, one
                  Director who was a member of the Ontro Board prior to May 22,
                  2001 shall resign and the Aura nominee shall be appointed to
                  the newly vacant seat;

                  v. Upon nomination of a fourth individual by Aura, one
                  Director who was a member of the Ontro Board prior to May 22,
                  2001 shall resign and the Aura nominee shall be appointed to
                  the newly vacant seat;

                  The Ontro Board's approval of all nominees made by Aura shall
                  be promptly given and approval shall not be unreasonably
                  withheld.

         B. Section B.6. of the Agreement is deleted in its entirety and the
following new Section B.6 is substituted therefore:

                "6. BREAK-UP FEE. If Ontro fails to close a committed purchase
                of Shares for no less then $0.80 per share from a Purchaser who
                is ready, willing, and able to purchase Shares constituting
                directly or indirectly a minimum of 250,000 Shares for a minimum
                of $200,000 up to a maximum of 2,000,000 Shares for $1,600,000,
                and such purchase is on other terms that are acceptable to
                Ontro, which acceptance shall not be unreasonably withheld, then
                Ontro shall pay Aura the fees set forth in paragraph A.2. above

                                       2

<PAGE>

                notwithstanding Ontro did not receive the funds or sell the
                Shares. The Performance Warrant issued to Aura in such case
                shall have all of the same registration rights and other rights
                set forth in Section C, below."

         C. Section B.8.(c) of the Agreement is hereby amended to delete
reference to "$1.00" at the end of the second sentence of such Section and to
replace such deletion with "$0.80".

         D. Remaining Sections B.4. through B.8. of the Agreement are hereby
redesignated as Sections B.3. to B.7., respectively

         3. RIGHT TO TERMINATE INVESTMENT OBLIGATION. Notwithstanding any
provision of the Agreement or this Amendment to the contrary, Aura shall be
entitled to terminate the Agreement as to any obligations not then performed by
either of the Parties and recover all securities deposited by Aura and all
proceeds of sale of such securities if the Ontro shareholders fail to elect
Aura's nominee(s) to the Ontro Board of Directors at any meeting of Ontro
shareholders held to elect directors following the date of the Agreement.

         4. NO FURTHER CHANGES. Except as otherwise set forth in Sections 1
through 3 of this Amendment, the Agreement shall remain in full force and effect
with no further changes.

         IN WITNESS WHEREOF, the Parties have caused this Amendment to be
executed as of August 30, 2001.

                                                Ontro, Inc.
                                                a California corporation

                                                By:  /s/ James A. Scudder
                                                     ---------------------------
                                                     James A. Scudder, President

                                                Aura (Pvt.) Ltd.
                                                a Pakistani corporation

                                                By: /s/ Mir Saied Kashani
                                                    ----------------------------
                                                    Mir Saied Kashani
                                                    Its: Agent/Attorney-in-Fact

                                       3<PAGE>

                WAIVER AND FIRST AMENDMENT TO CREDIT AGREEMENT
                ----------------------------------------------

     THIS WAIVER AND FIRST AMENDMENT TO CREDIT AGREEMENT ("Waiver and
                                                           ----------
Amendment"), dated as of October 12, 2001, is entered into by and among ARTESYN
---------
TECHNOLOGIES, INC., a Florida corporation (the "Company"), as a borrower,
                                                -------
ARTESYN CAYMAN LP, a Cayman Islands exempted limited partnership, ARTESYN NORTH
AMERICA, INC., a Delaware corporation and ARTESYN TECHNOLOGIES COMMUNICATION
PRODUCTS, INC., a Wisconsin corporation, as the initial Subsidiary Borrowers,
the financial institutions party to the Credit Agreement, as Lenders and BANK OF
AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

                                   RECITALS
                                   --------

     A. The Company, certain Subsidiary Borrowers, the Guarantors, the Lenders,
and the Administrative Agent are parties to a Credit Agreement dated as of
January 23, 2001 (the "Credit Agreement") pursuant to which the Administrative
                       ----------------
Agent and the Lenders have extended certain credit facilities to the Company and
certain of its Subsidiaries.

     B.  The Company has requested that the Lenders waive on a temporary basis
certain provisions of the Credit Agreement and agree to certain amendments of
the Credit Agreement.

     C.  The Required Lenders are willing to grant such temporary waivers and to
amend the Credit Agreement, subject to the terms and conditions of this Waiver
and Amendment.

     NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:

     1.  Defined Terms.  Unless otherwise defined herein, capitalized terms used
         -------------
herein shall have the meanings, if any, assigned to them in the Credit
Agreement.

     2.  Waiver.
         ------

         (a) Subject to and upon the terms and conditions hereof, the Lenders
hereby waive (i) performance or observance of the covenants set forth in
Sections 6.11, 6.12 and 6.13 of the Credit Agreement solely with respect to the
fiscal quarter and Test Period ending on or nearest September 30, 2001 and (ii)
any Default or Event of Default arising pursuant to Section 8.01(b) solely due
to the representation set forth in the last sentence of Section 5.05 being
remade during the Waiver Period in respect of an event or circumstance which
constitutes a Material Adverse Effect under clause (a) or (b) of the definition
thereof in the Credit Agreement and which Default or Event of Default is a
consequence of events or circumstances that occurred prior to the beginning of
the Waiver Period (collectively, the "Waived Defaults").
                                      ---------------

         (b) Nothing contained herein shall be deemed a waiver of (or otherwise
affect the Administrative Agent's or the Lenders' ability to enforce) any
Default or Event of Default (other than the Waived Defaults), including without
limitation any Default or Event of Default that may now or hereafter exist and
arise from or otherwise be related to the Waived Defaults

                                       1.
<PAGE>

(including without limitation any cross-default arising under the Credit
Agreement by virtue of any matters resulting from the Waived Defaults).

           (c) Notwithstanding any provision set forth in this Waiver and
Amendment, the waivers set forth in Section 2(a) in respect of any of Waived
                                    ------------
Defaults arising under the Credit Agreement shall immediately and automatically
cease to be in effect, and any Default or Event of Default which had been waived
thereby shall automatically be reinstated on the earlier to occur of (i)
December 1, 2001, (ii) the date any of the representations and warranties of any
party to this Waiver and Amendment, other than the Administrative Agent and the
Lenders (such parties being collectively referred to herein as the "Artesyn
                                                                    -------
Parties"), set forth in this Waiver and Amendment are determined to be
-------
incorrect, (iii) the date there occurs any Default or Event of Default under the
Credit Agreement (other than as waived hereby) or (iv) the date of the breach or
nonobservance of any covenant set forth in this Waiver and Amendment (the period
beginning on the Effective Date and terminating on the earliest to occur of the
dates described in clauses (i) through (iv) preceding being referred to herein
as the "Waiver Period").
        -------------

      3.   Amendments to Credit Agreement.
           ------------------------------

           (a) Section 1.01 of the Credit Agreement shall be amended:

               (i)   at the definition of "Default Rate" by deleting it in its
                                          ------------
           entirety and replacing it with the definition set forth in Exhibit A
                                                                      ---------
           hereto.

               (ii)  by inserting the following additional defined term
           immediately after the definition of "Eligible Assignee":
                                               -----------------

               "`Eligible Securities' means (a) Indebtedness comprised of
               -------------------
               borrowed money debt (including notes, bonds, debentures and
               subordinated debt), other than Indebtedness referred to in
               Section 7.03(f), (b) Synthetic Lease Obligations, (c) any Capital
               ---------------
               Lease incurred pursuant to a sale-leaseback of property, or (d)
               capital stock or other equity securities other than the issuance
               of equity securities to officers, directors or employees of the
               Company or its Subsidiaries pursuant to any officer, director or
               employee compensation plan or arrangement approved by the
               Company's board of directors."

               (iii) by inserting the following additional defined term
           immediately after the definition of "Event of Default":
                                               ----------------

               "`Event of Loss' means, with respect to any Property, any of the
                 -------------
               following: (a) any loss, destruction or damage of or to such
               Property, (b) any pending or threatened institution of any
               proceedings for the condemnation or seizure or such Property or
               (c) any actual condemnation, seizure or taking, by exercise of
               the power of eminent domain or otherwise, of such property, or
               confiscation of such Property or the requisition or use of such
               Property."

                                       2.
<PAGE>

               (iv) by inserting the following additional defined term
          immediately after the definition of "Federal Funds Rate":
                                               ------------------

               "`First Amendment' means the Waiver and First Amendment to Credit
                 ---------------
          Agreement dated as of October 12, 2001 among the parties hereto."

          (b)  The Credit Agreement shall be amended by adding Exhibit B hereto
                                                               ---------
          as a new Section 2.06A.

          (c)  Section 2.09 of the Credit Agreement shall be amended by:

               (i)   inserting at the end of Section 2.09(a) the phrase "or
          during any time when Credit Extensions are restricted in accordance
          with Section 4(j) of the First Amendment"; and

               (ii)  inserting at the end of Section 2.09(b) the phrase "or
          during any time when Credit Extensions are restricted in accordance
          with Section 4(j) of the First Amendment".

          (d)  Section 8.01(c) of the Credit Agreement shall be amended by:

          (i)  inserting in clause (i) of Section 8.01(c) the phrase "or Section
          4(a), (b), (c), (d), (f), (g) or (h) of the First Amendment"
          immediately after the phrase "or Article VII"; and
                                           -----------

          (ii) inserting in clause (ii) of Section 8.01(c) the phrase "or any
          other Loan Document" immediately after the phrase "contained in this
          Agreement".

     4.   Waiver Covenants. Each Borrower covenants and agrees that on and after
          ----------------
the date hereof and until the Commitments and all Letters of Credit have
terminated, and the Loans, any Unreimbursed Amounts and the Notes, together with
interest, any commitment, utilization or other fees, and all other obligations
incurred hereunder and thereunder, are paid in full:

          (a) The Company shall not, nor shall it permit any Subsidiary to,
directly or indirectly, make any investments (whether through purchase of stock
or obligations or otherwise) or acquisitions which would otherwise be permitted
pursuant Section 7.05(g) of the Credit Agreement.

          (b) The Company shall not, nor shall it permit any Subsidiary to,
directly or indirectly, make any investments, loans or advances which would
otherwise be permitted pursuant Section 7.05(h) of the Credit Agreement, except
that the Company and its Subsidiaries may make loans and advances to contract
manufacturers, suppliers and employees of the Company and its Subsidiaries in
the ordinary course of business in accordance with and consistent with past
practice.

          (c) The Company shall not declare or pay any dividends or make a
distribution of any kind (including by redemption or purchase), other than
dividends in the form of the Company's stock, on its outstanding capital stock.

                                       3.
<PAGE>

          (d) The Company shall not, nor shall it permit any Subsidiary to, form
or acquire any new Subsidiary.

          (e) (i)  Commencing with the end of September 2001, the Company shall
provide to the Administrative Agent within 15 Business Days after the end of
each month (A) a consolidated unaudited balance sheet of the Company, and the
related statement of income and statement of cash flow, as of the close of such
period, all of the foregoing prepared by the Company in reasonable detail in
accordance with GAAP (subject only to normal year-end audit adjustments and the
absence of footnotes) and certified by the Company's Responsible Officer as
fairly presenting the financial condition as at the dates thereof and the
results of operations for the periods covered thereby and (B) a senior
management commentary on each of the foregoing, each in a form satisfactory to
the Administrative Agent.

              (ii) Commencing with the week ending October 12, 2001, the
     Company shall provide to the Administrative Agent within five Business Days
     after the end of each week, a cash forecast substantially in the form
     delivered to the Lenders on October 3, 2001 for the 12 week period then
     commencing prepared by the Company in reasonable detail and stating the
     assumptions used in the preparation thereof.

          (f) The Company shall not, nor shall it permit any Subsidiary to,
directly or indirectly, enter into or incur after the date hereof any
Contractual Obligation that would restrict or prohibit (whether on an absolute
or contingent basis) the granting, provision or incurring by the Company or any
of its Subsidiaries of Liens securing obligations associated with borrowed money
debt (any such provision, a "negative pledge"); provided, however, that this
                                                --------
subsection shall not prohibit any negative pledge incurred or provided in favor
of any holder of purchase money Indebtedness permitted under Section 7.03(c) of
the Credit Agreement or Indebtedness permitted under Section 7.03(d) of the
Credit Agreement, in each case solely to the extent such negative pledge relates
to Property financed by such Indebtedness.

          (g) Notwithstanding the waiver of the Waived Defaults in accordance
with Section 2(a), the Borrowers agree that for the period beginning at the
     ------------
start of the Waiver Period and ending on December 1, 2001, unless an Event of
Default has occurred on or prior to December 1, 2001 which is not waived by the
First Amendment, in which case such period shall not end on December 1, 2001 but
shall instead continue for so long as such Event of Default continues to exist
(such period being referred to herein as the "Specified Period"), each Borrower
                                              ----------------
shall pay interest on the principal amount of all of its respective outstanding
Obligations at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Law.

          (h) The Company agrees that for the Specified Period the Company
shall, in addition to the commitment fee required under Section 2.09(a) of the
Credit Agreement, pay to the Administrative Agent for the account of each Lender
in accordance with its Pro Rata Share, a supplemental commitment fee in Dollars
equal to the rate specified in the table below times the actual daily amount by
which the Aggregate Commitments exceed the sum of (i) the Outstanding Amount of
Committed Loans and (ii) the Outstanding Amount of L/C Obligations.

                                       4.
<PAGE>

               ------------------------------------------------
                 Ratio of Consolidated Total      Supplemental
                       Indebtedness to             Commitment
                     Consolidated EBITDA              Fee

               ------------------------------------------------
                     Less than or equal to           0.300%
                         1.00 to 1.00
               ------------------------------------------------
                  Less than or equal to 1.50         0.275%
                   to 1.00 but greater than
                         1.00 to 1.00
               ------------------------------------------------
                  Less than or equal to 2.00         0.225%
                   to 1.00 but greater than
                         1.50 to 1.00
               ------------------------------------------------
                  Less than or equal to 2.50         0.175%
                   to 1.00 but greater than
                         2.00 to 1.00
               ------------------------------------------------
                   Greater than 2.50 to 1.00         0.125%
               ------------------------------------------------

The supplemental commitment fee shall accrue at all times during the Specified
Period and shall be due and payable quarterly in arrears on the last Business
Day of each March, June, September and December, commencing with the first such
date to occur after the Closing Date, and on the Maturity Date.  The
supplemental commitment fee shall be calculated quarterly in arrears, and if
there is any change in the rate specified in the table above during any quarter,
the actual daily amount shall be computed and multiplied by the rate specified
in the table below separately for each period during such quarter that such rate
was in effect.  The supplemental commitment fee shall accrue at all times during
the Specified Period, including at any time during which one or more of the
conditions in Article IV of the Credit Agreement is not met or during any time
when Credit Extensions are restricted in accordance with Section 4(j).  Nothing
                                                         ------------
contained herein shall be deemed to create any express or implied obligation on
the part of the Lenders to extend the Waiver Period beyond November 30, 2001.

          (i) The Company and its Subsidiaries will not make, during the
Specified Period, capital expenditures (as defined in accordance with GAAP) in
excess of $3,000,000 in the aggregate for all such Persons on a consolidated
basis.

          (j) Notwithstanding any other term or provision of this Waiver and
Amendment or the Credit Agreement to the contrary, neither the Company nor any
other Borrower shall request a Credit Extension at any time during the Specified
Period, unless agreed in advance by the Required Lenders in their sole
discretion.

     5.   Representations and Warranties.  The Company and each of the other
          ------------------------------
Artesyn Parties hereby represent and warrant to the Administrative Agent and the
Lenders as follows:

          (a) No Default or Event of Default (other than the Waived Defaults)
has occurred and is continuing.

                                       5.
<PAGE>

          (b) The execution, delivery and performance by the Company and the
other Artesyn Parties of this Waiver and Amendment has 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.
This Waiver and Amendment and the Credit Agreement as amended by this Waiver and
Amendment each constitute the legal, valid and binding obligation of the Company
and each of the other Artesyn Parties which are parties thereto, respectively,
enforceable against them in accordance with their respective terms, without
defense, counterclaim or offset.

          (c) None of the Organization Documents of the Company or any of the
other Artesyn Parties has been amended or modified since January 23, 2001.

          (d) Other than the last sentence of Section 5.05 of the Credit
Agreement, all representations and warranties of the Company and each of the
other Artesyn Parties contained in the Credit Agreement are true and correct as
of the Effective Date.

          (e) There are no Subsidiary Borrowers other than those Artesyn Parties
executing this Waiver and Amendment as Subsidiary Borrowers.

          (f) The Outstanding Amount of all Loans and L/C Obligations together
is equal to or less than $150,000,000.

          (g) Neither the Company nor any of its Subsidiaries has entered into
or incurred any Contractual Obligation which consists of or contains a negative
pledge (as defined in Section 4(f)).
                      ------------

          (h) The Company and each of the other Artesyn Parties is entering into
this Waiver and Amendment on the basis of its own investigation and for its own
reasons, without reliance upon the Administrative Agent, the Lenders, any of
their respective Affiliates or any other Person and hereby acknowledge and agree
that they are not aware (i) of any claim or cause of action against the
Administrative Agent, any Lender or any of their respective Affiliates,
directors, officers, agents or employees, arising from or in connection with the
Loan Documents or otherwise and (ii) that there are any claims, demands, offsets
or defenses at law or in equity that would defeat or diminish the rights and
remedies of Administrative Agent or the Lenders under the Loan Documents.

     6.   Effective Date.  This Waiver and Amendment will become effective upon
          --------------
the date not earlier than the date hereof when each of the following conditions
precedent is satisfied (the "Effective Date"):
                             --------------

          (a) The Administrative Agent has received from the Company, the
Subsidiaries of the Company party hereto and each of the Required Lenders a duly
executed original (or, if elected by the Administrative Agent, an executed
facsimile copy) of this Waiver and Amendment by no later than 12:00 noon
(Pacific time) on October 11, 2001.

          (b) The Administrative Agent has received from the Company, each of
the other Artesyn Parties and each Guarantor a copy of a resolution passed by
the board of directors

                                       6.
<PAGE>

of such corporation (or other evidence satisfactory to the Administrative Agent
in the case of such a Person which is not a corporation), certified by the
secretary or an Assistant Secretary of such corporation (or such other Person
satisfactory to the Administrative Agent in the case of such a Person which is
not a corporation) as being in full force and effect on the date hereof,
authorizing the execution, delivery and performance of this Waiver and Amendment
and/or the Guarantors' Consent, as the case may be.

          (c) The Administrative Agent shall have received from the Company a
certificate of a Responsible Officer of the Company dated as of the Effective
Date stating that all representations and warranties contained herein are true
and correct on and as of the Effective Date as though made on and as of such
date.

          (d) The Administrative Agent shall have received an irrevocable notice
in the form of Exhibit C hereto from the Company in accordance with Section 2.06
               ---------
of the Credit Agreement permanently reducing the Aggregate Commitments to an
amount not greater than $150,000,000 (and in respect of such notice, the
Administrative Agent and the Required Lenders hereby waive, on a one time basis,
the requirement that such notice be received five Business Days prior to the
date of such reduction).

          (e) The Administrative Agent shall have received opinions of counsel
to the Company, the other Artesyn Parties and the Guarantors addressed to the
Administrative Agent and each of the Lenders, in form and substance satisfactory
to the Administrative Agent.

          (f) The Administrative Agent shall have received from the Company for
the account of each Lender having executed and delivered a counterpart of this
Waiver and Amendment prior to 12:00 noon (Pacific time) on October 11, 2001, a
waiver and amendment fee in the amount of 0.25% (25 basis points) of such
Lender's Commitment.  Such fee shall be fully earned on the date so paid and
shall be nonrefundable.

          (g) The Administrative Agent shall have received from each of the
Guarantors a duly executed original (or, if elected by the Agent, an executed
facsimile copy) of a Guarantors' Acknowledgment and Consent in the form attached
hereto as Exhibit D (the "Guarantors' Consent").
          ---------       -------------------

     7.   Reservation of Rights.  The Company, on behalf of itself and each of
          ---------------------
its Subsidiaries, acknowledges and agrees that neither the Administrative
Agent's nor the Lenders' forbearance during the Waiver Period in exercising
their rights and remedies in connection with the Waived Defaults, nor the
execution and delivery by the Administrative Agent and the Lenders of this
Waiver and Amendment, shall be deemed (i) to create a course of dealing or
otherwise obligate the Administrative Agent or the Lenders, or any of their
respective Affiliates or Subsidiaries, to forbear or execute similar waivers
under the same or similar circumstances in the future, (ii) to waive, relinquish
or impair any right of the Administrative Agent or the Lenders to receive any
indemnity or similar payment from any Person or entity as a result of any matter
arising from or relating to the Waived Defaults (other than the Obligation of
the Guarantors to make during the Waiver Period any payment under a Guaranty to
the extent resulting from the Waived Defaults), (iii) a commitment or agreement
by the Administrative Agent or the Lenders, or any of their respective
Affiliates or Subsidiaries, to provide financing or

                                       7.
<PAGE>

credit to the Company or any of its Subsidiaries, other than as expressly set
forth in the Credit Agreement as amended by this Amendment and Waiver or (iv) to
create any obligation to extend the Waiver Period beyond its termination, as
determined in accordance with Section 2(c) of this Waiver and Amendment (and the
                              ------------
Company and the other Artesyn Parties hereby acknowledge that time is of the
essence in the determination of the termination of the Waiver Period).

     8.   Miscellaneous.
          -------------

          (a) Except as herein expressly amended, all terms, covenants and
provisions of the Credit Agreement are and shall remain in full force and effect
and all references therein to such Credit Agreement shall henceforth refer to
the Credit Agreement as amended by this Waiver and Amendment.  This Waiver and
Amendment shall be deemed to be a "Loan Document" for all purposes of the Credit
Agreement and all other Loan Documents.

          (b) This Waiver and Amendment shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and
assigns.  No third party beneficiaries are intended in connection with this
Waiver and Amendment.

          (c) THIS WAIVER AND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE
AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE; PROVIDED THAT THE ADMINISTRATIVE
                                                --------
AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

          (d) This Waiver and Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument.  Each of
the parties hereto understands and agrees that this document (and any other
document required herein) may be delivered by any party thereto either in the
form of an executed original or an executed original sent by facsimile
transmission to be followed promptly by mailing of a hard copy original, and
that receipt by the Administrative Agent of a facsimile transmitted document
purportedly bearing the signature of a party hereto shall bind such party with
the same force and effect as the delivery of a hard copy original.  Any failure
by the Administrative Agent to receive the hard copy executed original of such
document shall not diminish the binding effect of receipt of the facsimile
transmitted executed original of such document of the party whose hard copy page
was not received by the Administrative Agent.

          (e) This Waiver and Amendment, together with the Credit Agreement,
contains the entire and exclusive agreement of the parties hereto with reference
to the matters discussed herein and therein.  This Waiver and Amendment
supersedes all prior drafts and communications with respect thereto.  This
Waiver and Amendment may not be amended except in accordance with the provisions
of Section 11.01 of the Credit Agreement.

          (f) If any term or provision of this Waiver and Amendment shall be
deemed prohibited by or invalid under any applicable law, such provision shall
be invalidated without affecting the remaining provisions of this Waiver and
Amendment or the Credit Agreement, respectively.

                                       8.
<PAGE>

          (g) No Artesyn Party shall include any reference (written or oral) to
the Administrative Agent, any Lender or any Loan Document in any public
statement, disclosure, filing or press release unless the inclusion of such
reference is required by applicable Law (in the reasonable opinion of the
Company and its counsel).  To the extent any such reference is made none of the
Administrative Agent or any Lender shall be deemed to have approved, consented
to or otherwise authorized the same, unless such approval, consent or
authorization shall be in writing executed by the Administrative Agent and each
Lender referred to therein.

          (h) The Company covenants to pay to or reimburse the Administrative
Agent and the Lenders, upon demand, for all costs and expenses (including
reasonable attorneys' fees and allocated costs of in-house counsel) (i) incurred
in connection with the development, preparation, negotiation, execution and
delivery of this Waiver and Amendment and the administration of the Waived
Defaults or potential Default, including without limitation appraisal, audit,
search and filing fees incurred in connection therewith, (ii) incurred in
connection with the retention of the Consultant and representing fees and
expenses for services rendered by the Consultant and (iii) any and all other
accrued but unpaid amounts due and owing in accordance with Section 11.04 of the
Credit Agreement.

          (i)  (a)  The Company acknowledges that the Administrative Agent has
engaged PricewaterhouseCoopers LLP (the "Consultant") on behalf of the Lenders
                                         ----------
to, among other things, (i) evaluate and verify financial information prepared
by the Company and its Subsidiaries and Affiliates, (ii) investigate, evaluate
and advise the Lenders and the Administrative Agent concerning certain financial
and operational issues relating to the cash flow projections of the Company and
the business plan, inventory and other material balance sheet items of the
Company and its Subsidiaries, and (iii) meet periodically with and report to the
Lenders and the Administrative Agent concerning it's findings and
recommendations.  The Company further acknowledges that the scope of the
services to be provided to the Administrative Agent by the Consultant shall be
as is from time to time agreed upon between the Administrative Agent and the
Consultant (after consultation by the Administrative Agent with the Company, as
to which consultation the Company shall make itself readily available).  In
connection with the foregoing, the Company agrees to provide the Consultant with
access to the books and records of the Company and its Subsidiaries during such
time as the Consultant remains engaged by the Administrative Agent on behalf of
the Lenders and there exists any outstanding Obligation.

               (b) Neither the Company nor any other Loan Party shall have a
          right to receive any report, statement or other work product of the
          Consultant ("Consultant Work Product"), or if received, to rely on the
                       -----------------------
          same.  Furthermore, if received, the Company and any other Loan Party
          agrees to maintain the confidentiality of any Consultant Work Product
          and agrees that neither the Administrative Agent nor any Lender (or
          any of their respective officers, directors, employees, agents or
          attorneys) (i) makes any representation or warranty regarding the
          accuracy of the Consultant Work Product or (ii) shall have any
          liability for any Consultant Work Product.

                                       9.
<PAGE>

     IN WITNESS WHEREOF, the Company and the other Artesyn Parties hereto have
caused this Waiver and Amendment to be duly executed in the City of New York,
New York and the other parties hereto have caused this Waiver and Amendment to
be duly executed, each as of the date first above written.

                              ARTESYN TECHNOLOGIES, INC., as a Borrower

                              By: ___________________________
                                  Name:
                                  Title:

                              ARTESYN NORTH AMERICA, INC., as a Subsidiary
                              Borrower

                              By: ___________________________
                                  Name:
                                  Title:

                              ARTESYN CAYMAN LP, as a Subsidiary Borrower

                              By:  ARTESYN NORTH AMERICA, INC.

                                   General Partner

                                   By: _______________________________
                                       Name:
                                       Title:

                              By:  ARTESYN DELAWARE LLC

                                   General Partner

                                   By: _______________________________
                                       Name:
                                       Title:

                   [Signature Page to Waiver and Amendment]

                                      S-1
<PAGE>

                              ARTESYN TECHNOLOGIES COMMUNICATION PRODUCTS, INC.,
                              as a Subsidiary Borrower

                              By: ___________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-2
<PAGE>

                              BANK OF AMERICA, N.A., as
                              Administrative Agent, Lender, L/C Issuer and Swing
                              Line Lender

                              By: ___________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-3
<PAGE>

                              BNP PARIBAS, as a Lender

                              By: ___________________________
                                  Name:
                                  Title:

                              By: ___________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-4
<PAGE>

                              THE BANK OF NEW YORK, as a Lender

                              By: ____________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-5
<PAGE>

                              THE BANK OF NOVA SCOTIA, as a Lender

                              By: ____________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-6
<PAGE>

                              COMERICA BANK, as a Lender

                              By: __________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-7
<PAGE>

                        DZ BANK DEUTSCHE ZENTRAL-
                        GENOSSENSCHAFTSBANK AG,
                        FRANKFURT AM MAIN,
                        NEW YORK BRANCH (successor by merger
                        to DG BANK DEUTSCHE GENOSSENSCHAFTSBANK AG), as a Lender

                        By: ___________________________
                            Name:
                            Title:

                        By: __________________________
                            Name:
                            Title:

                   [Signature Page to Waiver and Amendment]

                                      S-8
<PAGE>

                              FIRST UNION NATIONAL BANK, as a Lender

                              By: _________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                      S-9
<PAGE>

                              FLEET NATIONAL BANK, as a Lender

                              By: __________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                     S-10
<PAGE>

                              KEYBANK NATIONAL ASSOCIATION, as a Lender

                              By: ___________________________
                                  Name:
                                  Title:

                   [Signature Page to Waiver and Amendment]

                                     S-11
<PAGE>

                              STATE BANK OF INDIA, as a Lender

                              By:______________________________
                                 Name:
                                 Title:

                   [Signature Page to Waiver and Amendment]

                                     S-12
<PAGE>

                              SUNTRUST BANK, as a Lender

                              By:______________________________
                                 Name:
                                 Title:

                   [Signature Page to Waiver and Amendment]

                                     S-13
<PAGE>

                              WACHOVIA BANK, N.A., as a Lender

                              By:______________________________
                                 Name:
                                 Title:

                   [Signature Page to Waiver and Amendment]

                                     S-14
<PAGE>

                                                                       EXHIBIT A
                                                                       ---------
"Default Rate" means:
 ------------

     (a)  During the period which shall begin on October 12, 2001 and shall end
on December 1, 2001, unless an Event of Default has occurred on or prior to
December 1, 2001 which is not waived by the First Amendment, in which case such
period shall not end on December 1, 2001 but shall instead continue for so long
as such Event of Default continues to exist, an interest rate equal to:

          (i)   with respect to any Eurocurrency Rate Loan, the Eurocurrency
     Rate, and with respect to all other Obligations, the Base Rate, as the case
     may be, plus
             ----

          (ii)  the margin specified in the table set forth below applicable
     thereto, plus
              ----

          (ii)  if an Event of Default has occurred which is not waived under
     the First Amendment, at all times subsequent to the occurrence of such
     Event of Default, 2%;

in each case to the fullest extent permitted by applicable Laws.

        ------------------------------------------------------------
          Ratio of Consolidated      Eurocurrency       Base Rate
          Total Indebtedness to       Rate Margin +      Margin
          Consolidated EBITDA       Letter of Credit
                                          fee
        ------------------------------------------------------------
           Less than or equal to        3.375%           2.375%
           1.00 to 1.00
        ------------------------------------------------------------
           Less than or equal to        3.375%           2.375%
           1.50 to 1.00 but
           greater than 1.00 to
           1.00
        ------------------------------------------------------------
           Less than or equal to        3.375%           2.375%
           2.00 to 1.00 but
           greater than 1.50 to
           1.00
        ------------------------------------------------------------
           Less than or equal to        3.250%           2.250%
           2.50 to 1.00 but
           greater than 2.00 to
           1.00
        ------------------------------------------------------------
           Greater than 2.50 to 1.00    3.250%           2.250%
        ------------------------------------------------------------

     (b)  At all other times, an interest rate equal to (a) the Base Rate plus
                                                                          ----
(b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c) 2% per
                                                               ----
annum; provided, however, that with respect to a Eurocurrency Rate Loan, the
       --------  -------
Default Rate shall be an interest rate equal to the interest rate (including any
Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each
case to the fullest extent permitted by applicable Laws.

                                      A-1
<PAGE>

                                                                       EXHIBIT B
                                                                       ---------

2.06A    Mandatory Commitment Reductions.

     (a)  If the Company or any of its Subsidiaries shall at any time, or from
time to time, sell, transfer, lease or otherwise dispose of any of its Property,
including as part of a sale and leaseback transaction, or sell or discount (with
or without recourse) any of its notes or accounts receivable (or agree to do any
of the foregoing), other than a sale of inventory or of obsolete or unneeded
equipment in the ordinary course of business (each, an "Asset Disposition"),
                                                        -----------------
then (i) the Company shall promptly notify the Administrative Agent of such
----
Asset Disposition (including the amount of the net proceeds therefrom,
calculated exclusive of (x) direct costs relating to such Asset Disposition,
excluding amounts payable to the Company, any of its Subsidiaries or any of
their Affiliates (y) sale, use or other transactional taxes paid or payable by
the Company or its Subsidiaries as a direct result of such Asset Disposition and
(z) amounts required to be applied to repay principal, interest and prepayment
premiums and penalties on Indebtedness secured by a Lien on the Property which
is the subject of such Asset Disposition ("Net Cash Proceeds") to be received by
                                           -----------------
the Company or such Subsidiary in respect thereof) (an "Asset Disposition
                                                        -----------------
Notice"), (ii) the Company shall, promptly upon its receipt thereof, deposit
------
such Net Cash Proceeds in an account maintained by the Company at First Union
National Bank, and (iii) upon the earlier of (A) the date specified for such
purpose by the Company in the Asset Disposition Notice or (B) five Business Days
after receipt of such Net Cash Proceeds by the Company or its Subsidiaries, the
Aggregate Commitments shall be automatically and permanently reduced by an
amount equal to the amount of such Net Cash Proceeds; provided, however, that no
                                                      --------  -------
reduction of Commitments shall be required under this subsection in connection
with any Asset Disposition that, alone or together with all related Asset
Dispositions to the same Person or Affiliate of such Person, involves Net Cash
Proceeds of less than $100,000.

     (b)  If the Company or any of its Subsidiaries shall issue, or agree to
issue, Eligible Securities, the Company shall (i) promptly notify the
Administrative Agent of the estimated proceeds of such issuance net of customary
and reasonable underwriting commissions and legal, investment bank and other
advisor fees and expenses actually incurred directly in connection therewith
("Net Issuance Proceeds") to be received by the Company or its Subsidiaries in
 ----------------------
respect thereof (an "Issuance Notice") and, (ii) promptly upon its receipt
                     ---------------
thereof, deposit such Net Issuance Proceeds in an account maintained by the
Company at First Union National Bank.  Upon the earlier of (x) the date
specified for such purpose in such Issuance Notice or (y) five Business Days
after the date of receipt of such Net Issuance Proceeds by the Company or its
Subsidiaries, the Aggregate Commitments shall be automatically and permanently
reduced by an amount equal to 75% of the amount of such Net Issuance Proceeds.

     (c)  If the Company or any of its Subsidiaries shall at any time, or from
time to time, suffer an Event of Loss in respect of their respective Properties,
then (i) the Company shall promptly notify the Administrative Agent of such
----
Event of Loss (including the amount of the net proceeds paid to the Company or
its Subsidiaries on account thereof, calculated exclusive of (A) all money
actually applied to repair or reconstruct the damaged Property or Property
affected by a condemnation or taking, (B) all of the costs and expenses
reasonably incurred in connection

                                      B-1
<PAGE>

with the collections of such proceeds, award or other payments and (C) any
amounts retained by or paid to parties having superior rights to such proceeds,
awards or other payments ("Net Loss Proceeds") to be received by the Company or
                           -----------------
such Subsidiary in respect thereof) (an "Event of Loss Notice"), (ii) the
                                         --------------------
Company shall, promptly upon its receipt thereof, deposit such Net Loss Proceeds
in an account maintained by the Company at First Union National Bank, and (iii)
upon the earlier of (A) the date specified for such purpose by the Company in
the Event of Loss Notice or (B) five Business Days after receipt of such Net
Loss Proceeds by the Company or its Subsidiaries, the Aggregate Commitments
shall be automatically and permanently reduced by an amount equal to the amount
of such Net Loss Proceeds; provided, however, that no reduction of Commitments
                           --------  -------
shall be required under this subsection in connection with any Event of Loss
that, alone or together with all related Events of Loss, involves Net Loss
Proceeds of less than $100,000.

                                      B-2
<PAGE>

                                                                       EXHIBIT C
                                                                       ---------

                                    FORM OF

                          COMMITMENT REDUCTION NOTICE

TO: BANK OF AMERICA, N.A., as Administrative Agent

DATE: October 12, 2001

Ladies and Gentlemen:

          Reference is made to the Credit Agreement dated as of January 23, 2001
among Artesyn Technologies, Inc., a Florida corporation, as a borrower, Artesyn
Cayman LP, a Cayman Islands exempted limited partnership, Artesyn North America,
Inc., a Delaware corporation and Artesyn Technologies Communication Products,
Inc., a Wisconsin corporation, as the initial Subsidiary Borrowers, Artesyn
Technologies, Inc. and certain of its subsidiaries, as guarantors, the financial
institutions party to the Credit Agreement, as Lenders and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, as amended (the
"Credit Agreement").  Unless otherwise defined herein, capitalized terms used
 ----------------
herein shall have the meanings, if any, assigned to them in the Credit
Agreement.

          The Company hereby irrevocably notifies you, in accordance with
Section 2.06 of the Credit Agreement and Section 6(d) of the First Amendment, of
a permanent reduction in the Aggregate Commitments to an amount equal to
$150,000,000 effective upon the Effective Date (as defined in the First
Amendment).

          The Company hereby certifies that the Outstanding Amount of all Loans
and L/C Obligations is less than or equal to $150,000,000.

                                   Sincerely,

                                   ARTESYN TECHNOLOGIES, INC.

                                   By:_______________________________
                                      Name:
                                      Title:

                                      C-1
<PAGE>

                                                                       EXHIBIT D
                                                                       ---------

                                    FORM OF

                     GUARANTORS' ACKNOWLEDGMENT AND CONSENT

          The undersigned, each a Guarantor with respect to the Company's and
the Borrowers' obligations to the Administrative Agent and the Lenders under the
Credit Agreement dated as of January 23, 2001 among Artesyn Technologies, Inc.,
a Florida corporation, as a borrower, Artesyn Cayman LP, a Cayman Islands
exempted limited partnership, Artesyn North America, Inc., a Delaware
corporation and Artesyn Technologies Communication Products, Inc., a Wisconsin
corporation, as the initial Subsidiary Borrowers, Artesyn Technologies, Inc. and
certain of its subsidiaries, as guarantors, the financial institutions party to
the Credit Agreement, as Lenders and Bank of America, N.A., as Administrative
Agent, Swing Line Lender and L/C Issuer, as amended by the Waiver (the "Credit
                                                                        ------
Agreement"), pursuant to which the Administrative Agent and the Lenders have
---------
extended certain credit facilities to the Company and certain of its
Subsidiaries, each hereby:

          (i)   acknowledge and consent to the execution, delivery and
performance by the Company and the Subsidiary Borrowers of the Waiver and First
Amendment to Credit Agreement, dated as of October 12, 2001, by and among
Artesyn Technologies, Inc., a Florida corporation, as a borrower, Artesyn Cayman
LP, a Cayman Islands exempted limited partnership, Artesyn North America, Inc.,
a Delaware corporation and Artesyn Technologies Communication Products, Inc., a
Wisconsin corporation, as the initial Subsidiary Borrowers, the financial
institutions party to the Credit Agreement, as Lenders and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and L/C Issuer (the "Waiver");
                                                                      ------
and

          (ii)  reaffirm and agree that the respective Guaranty as to which the
undersigned is party and all other documents and agreements executed and
delivered by the undersigned to the Agent and the Banks in connection with the
Credit Agreement are in full force and effect, without defense, offset or
counterclaim and will so continue.

          Unless otherwise defined herein, capitalized terms used herein shall
have the meanings, if any, assigned to them in the Credit Agreement.

                                   ARTESYN TECHNOLOGIES, INC., as a
                                   Guarantor

                                   By:____________________________
                                      Name:
                                      Title:

                                      D-1
<PAGE>

                              ARTESYN NORTH AMERICA, INC., as a
                              Guarantor

                              By:__________________________
                                 Name:
                                 Title:

                              ARTESYN TECHNOLOGIES
                              COMMUNICATION PRODUCTS, INC., as a
                              Guarantor

                              By:__________________________
                                 Name:
                                 Title:

                              ARTESYN SOLUTIONS, INC., as a Guarantor

                              By:__________________________
                                 Name:
                                 Title:

                              ARTESYN COMMUNICATION PRODUCTS LLC,
                              as a Guarantor

                              By:__________________________
                                 Name:
                                 Title:

                                      D-2

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