Document:

EXHIBIT 10.32

                       AMENDMENT NO. 2 TO CREDIT AGREEMENT

         This AMENDMENT NO. 2 TO CREDIT AGREEMENT (the "Amendment") is made and
entered this 12th day of May, 1999, by and among HEICO CORPORATION, a Florida
corporation (together with its successors and permitted assigns, "Borrower"),
the lenders which are or may in the future be listed on the signature pages to
the Credit Agreement (as hereinafter defined), as amended, and hereto (together
with their successors and permitted assigns, individually a "Lender" and
collectively, the "Lenders"), and SUNTRUST BANK, SOUTH FLORIDA, NATIONAL
ASSOCIATION, as agent for the Lenders (together with any successor agent
appointed pursuant to the provisions of the Credit Agreement, the "Agent").

                                   BACKGROUND

         The Borrower, the Lenders and the Agent are parties to a Credit
Agreement dated as of July 30, 1998, as amended by Amendment No. 1 to Credit
Agreement, dated as of July 30, 1998 (the "Credit Agreement"); the Lenders
listed on the signature pages hereto other than SunTrust Bank, South Florida,
National Association ("SunTrust") became Lenders and parties to the Credit
Agreement pursuant to Assignment And Acceptance Agreements, each dated October
7, 1998, between SunTrust and such respective Lenders; and

         Pursuant to Section 2.7(a) of the Credit Agreement, the Borrower has
requested by notice given within the required period prior to the first
anniversary date of the Closing Date, and the Lenders have determined, by
unanimous decision of all of the Lenders signatory hereto, to extend the
Revolving Credit Termination Date for one (1) additional year on the terms and
conditions set forth in the Credit Agreement, as amended hereby; and all of the
parties now desire to amend the Credit Agreement as provided herein.

         NOW, THEREFORE, in consideration of the premises and the mutual
agreements, covenants, and conditions herein, Borrower, the Lenders, and Agent
agree as follows:

         1. THE DEFINITION OF "REVOLVING CREDIT TERMINATION DATE" UNDER SECTION
1.1 (DEFINED TERMS) of the Credit Agreement shall be amended to read in its
entirety as follows:

                  "REVOLVING CREDIT TERMINATION DATE" means the date four (4)
                  years after the Closing Date hereunder (or such later date as
                  may be agreed to by the Lenders pursuant to Section 2.7), or,
                  if such day is not a Business Day, the next succeeding
                  Business Day, or such earlier date on which all amounts
                  outstanding hereunder and under the Revolving Credit Notes
                  shall be due and payable pursuant to the terms hereof.

         2. SECTION 1.1 (DEFINED TERMS) of the Credit Agreement shall be amended
in the paragraph thereof defining "Guarantors" by adding immediately before the
words "as to all of the Obligations (as herein defined)", the words: "and
Associated Composite, Inc., a Florida corporation, Radiant Power Corp., a
Florida corporation, Northwings Accessories Corp., a Florida corporation,
Rogers-Dierks, Inc., a Florida corporation, Air Radio & Instruments Corp., a
Florida corporation and HNW Building Corp., a Florida corporation."

<PAGE>

         3. SECTION 4.2 (LETTER OF CREDIT FEES) of the Credit Agreement shall be
amended to read in its entirety as follows:

                  "In consideration for the issuance of each Letter of Credit,
                  the Borrower shall pay:

                  (a)      FOR STANDBY LETTERS OF CREDIT:

                                    (i) to the Agent for its own account, an
                  application, processing and facing fee (A) with respect to
                  each new standby Letter of Credit issued, in the amount of the
                  greater of (i) 0.10% of the face amount of such Letter of
                  Credit or (ii) $250.00, which fee shall be due and payable on
                  the date of issuance of each such Letter of Credit, and (B)
                  with respect to each amendment to a standby Letter of Credit,
                  in the amount of the greater of (i) 0.05% of the face amount
                  of such Letter of Credit or (ii) $125.00, which fee shall be
                  due and payable on the date of amendment of each such Letter
                  of Credit; and

                                    (ii) to the Agent for the account of the
                  Agent and the Lenders in accordance with their Pro Rata
                  Portions, with respect to each standby Letter of Credit, a
                  letter of credit fee, payable quarterly in advance, on the
                  first day of each fiscal quarter of the Borrower, in an amount
                  equal to the Applicable Revolver Margin for LIBOR Rate
                  Advances multiplied by (on the basis of actual days elapsed in
                  a 360-day year) the amount available to be drawn under such
                  Letter of Credit from day to day during the previous quarter.

                  (b) FOR COMMERCIAL LETTERS OF CREDIT: to the Agent for its own
                  account and/or for the account of the Agent and the Lenders in
                  accordance with their Pro Rata Portions, with respect to each
                  commercial letter of credit issued or amended, such fees,
                  including without limitation any and all application,
                  processing, facing, issuance, negotiation, amendment or other
                  fees, as shall be charged by the Agent in accordance with the
                  Agent's then standard pricing for commercial Letters of
                  Credit."

         4. CONTINUING FULL FORCE AND EFFECT OF CREDIT AGREEMENT. Except as
amended by this Amendment, the Credit Agreement remains in full force and
effect, without change, modification or amendment thereto.

         5. COUNTERPARTS; FAXED SIGNATURES; EFFECTIVE DATE. This Amendment may
be executed in multiple counterparts, and by facsimile transmission of signed
counterparts, in any number, each of which shall be deemed an original, no one
of which need contain all of the signatures of the parties, and as many of such
counterparts as shall together contain all of the signatures of the parties
shall be deemed to constitute one and the same instrument. A set of the
counterparts of this Amendment signed by all parties hereto shall be lodged with
Agent. This Amendment shall become effective upon receipt by Agent of original
signed counterparts or facsimile confirmation of signed counterparts of this
Amendment, each of which shall be deemed an original, from each of the parties
hereto.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their duly authorized officers as of the day and
year first above written.

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<PAGE>

                                 SIGNATURE PAGE

         Amendment No. 2 to Credit Agreement among HEICO Corporation, SunTrust
Bank, South Florida, National Association, as Agent, and the Lenders party
thereto.

Witness:                              HEICO CORPORATION,
                                      a Florida corporation

                                      By:
-----------------------------            -----------------------------
                                      Name: Thomas S. Irwin
                                      Title: Executive Vice President and
                                             Chief Financial Officer

                                                       (SEAL)

                                      Address:
                                             HEICO CORPORATION
                                             3000 Taft Street
                                             Hollywood, FL  33021
                                             Attn:  Thomas S. Irwin
                                                    Executive Vice President and
                                                    Chief Financial Officer
                                             Fax No. (954) 987-8228
                                             Confirming Tel. No. (954) 987-4000

                                       3
<PAGE>

                                 SIGNATURE PAGE

         Amendment No. 2 to Credit Agreement among HEICO Corporation, SunTrust
Bank, South Florida, National Association, as Agent, and the Lenders party
thereto.

Witness:                          SUNTRUST BANK, SOUTH FLORIDA,
                                  NATIONAL ASSOCIATION
                                  a National Banking Association,
                                  as Agent

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

                                  Address of Lending Office for Notice:
                                           501 East Las Olas Boulevard
                                           7th Floor
                                           Corporate Banking Division
                                           Fort Lauderdale, FL  33301
                                           Attn:  Carol F. Fine
                                                  Vice President
                                                  Corporate & Investment Banking
                                           Fax No.  (954) 765-7240
                                           Confirming Tel. No. (954) 765-7151

                                       4EXHIBIT 10.3

                            OPTICAL CABLE CORPORATION
                              EMPLOYMENT AGREEMENT

This  agreement  made  effective  November 1, 1999 by and between  Optical Cable
Corporation,  having a place  of  business  at 5290  Concourse  Drive,  Roanoke,
Virginia  (hereinafter  referred to as OCC), and Robert  Kopstein,  (hereinafter
referred to as Kopstein).

WHEREAS,  OCC desires to employ  Kopstein  and  Kopstein  desires to accept such
employment upon the terms and conditions hereinafter set forth.

NOW,  THEREFORE,  in consideration of the mutual covenants and agreements herein
contained,  OCC employs Kopstein and Kopstein accepts  employment upon the terms
and conditions:

1.       EMPLOYMENT  AND  DUTIES:  Kopstein  is  employed  as  President & Chief
         Executive  Officer of OCC. Kopstein hereby agrees to abide by the terms
         and conditions of this Agreement.

2.       TERM:  The term of this  Agreement  shall begin on November 1, 1999 and
         shall terminate on the 31st day of October, 2000.

3.       STARTING DATE: This Agreement becomes effective November 1, 1999.

4.       COMPENSATION:  For all  services  rendered by  Kopstein,  OCC shall pay
         Kopstein  a  salary,  payable  monthly,  equal to 1.0% of the  previous
         fiscal year net sales and in order to stimulate  the growth of OCC, OCC
         shall pay  Kopstein a sales  commission  equal to 1.0% of the  positive
         difference between the current fiscal year net sales and the prior year
         net sales.  Said sales commission shall be paid monthly and paid within
         15 days after the end of the  month.  Said  sales  commission  shall be
         based on the  difference  in net sales between the period of employment
         in the current fiscal year and the corresponding period of the previous
         fiscal year.

5.       PATENT  RIGHTS:  Kopstein's  interest  in any  and  all  inventions  or
         improvements made or conceived by him, or which he may make or conceive
         at any time after the  commencement of and until the termination of his
         employment or OCC, either individually or jointly with others, shall be
         the exclusive  property of OCC, its successors,  assignees or nominees.
         He will make full and  prompt  disclosure  in  writing to an officer or
         official of OCC, or to anyone  designated  for that  purpose by OCC, of
         all inventions or improvements made or conceived by him during the term
         of his  employment.  At the  request  and  expense of OCC,  and without
         further  compensation  to him,  Kopstein  will  for all  inventions  or
         improvements  which may be  patentable,  do all lawful acts and execute
         and acknowledge any and all letters and/or patents in the United States
         of  America  and  foreign  countries  for  any of such  inventions  and
         improvements,  set forth  herein,  and for  vesting  in OCC the  entire
         right,  title  and  interest  thereto.   As  used  in  this  Agreement,
         "inventions or improvements"  means discoveries,  concepts,  and ideas,
         whether  patentable  or not,  relating  to any  present or  prospective
         activities of OCC, including,  but not limited to, devices,  processes,
         methods, formulae, techniques, and any improvements to the foregoing.

<PAGE>

6.       CONFIDENTIALITY;  DISCLOSURE OF  INFORMATION:  Since the work for which
         Kopstein is employed  and upon which he shall be engaged,  will include
         trade secrets and  confidential  information  of OCC or its  customers,
         Kopstein shall receive such trade secrets and confidential  information
         in confidence and shall not, except as required in the conduct of OCC's
         business,  publish or disclose, or make use of or authorize anyone else
         to publish,  disclose,  or make use of any such secrets or  information
         unless and until such  secrets or  information  shall have ceased to be
         secret  or  confidential  as  evidenced  by  public   knowledge.   This
         prohibition as to publication and disclosures shall not restrict him in
         the exercise of his technical skill, provided that the exercise of such
         skill does not  involve  the  disclosure  to others not  authorized  to
         receive  trade  secret  or  confidential  information  of  OCC  or  its
         customers.  As used in this Agreement,  "trade secrets and confidential
         information"  means  any  formula,  pattern  device or  compilation  of
         information  used in the business of OCC or its  customers  which gives
         OCC  or  its  customers  an  opportunity   to  obtain   advantage  over
         competitors who do not know or use such information; the term includes,
         but is not limited to,  devices and  processes,  whether  patentable or
         not,  compilations of information such as customer lists,  business and
         marketing plans, and pricing  information where much of the information
         involved is  generally  known or available  but where the  compilation,
         organization or use of the information is not generally known and is of
         significance to the business of OCC or its customers. The provisions of
         this paragraph (six) 6 shall apply  throughout the period of Kopstein's
         employment with OCC, and for twelve (12) successive months  immediately
         following  termination  of that  employment  by  either  party  for any
         reason.

7.       NON-COMPETE:  Kopstein covenants and agrees that during the term of his
         employment with OCC (as employee,  consultant or otherwise) and for the
         twelve (12) consecutive  months  immediately  following  termination of
         that  employment by either party for any reason he will not own or have
         an  ownership  interest  in,  or  render  services  to or work  for any
         business  which  competes with OCC or is engaged in the same or similar
         business  conducted by OCC during the period of  Kopstein's  employment
         with OCC, or wishing  three (3) months  following  termination  of that
         employment;  nor will he call on, solicit or deal with any customers or
         prospective   customer  of  OCC  learned  about  or  developed   during
         Kopstein's  employment with OCC. This Agreement shall apply to Kopstein
         as an individual for his own account,  as a partner or joint  venturer,
         as an employee, agent salesman or consultant  for any person or entity,
         as an officer, director or shareholder.

                                       2

<PAGE>

8.       RETURN  OF  OCC  PROPERTY:  Immediately  upon  the  termination  of his
         employment  with  OCC,  Kopstein  will  turn  over  to OCC  all  notes,
         memoranda,  notebooks,  drawings,  records, documents, and all computer
         program source listings,  object files, and executable  images obtained
         from OCC or  developed  or  modified by him as part of his work for OCC
         which are in his possession or under his control,  whether  prepared by
         him or others, relating to any work done for OCC or relating in any way
         to the business of OCC or its customers, it being acknowledged that all
         such items are the sole property of OCC.

9.       BENEFITS:  Kopstein  shall be entitled to such vacation and benefits of
         OCC;  may  from  time  to  time  establish  for  employees  of  similar
         positions, responsibilities and seniority.

10.      BINDING ON OTHER  PARTIES:  This  Agreement  shall be binding  upon and
         inure  to  the  benefit  of   Kopstein,   his  heirs,   executors   and
         administrators,  and shall be binding  upon and inure to the benefit of
         OCC and its successors and assigns.

11.      ENFORCEMENT  AND  REMEDIES:   This  Agreement  shall  be  enforced  and
         construed in accordance with the laws of the Commonwealth of Virginia.

         Each  party  acknowledges  that in the event of a breach or  threatened
         breach of the  confidentiality  or  non-compete  provisions  set out in
         paragraphs 6 and 7 of the Agreement,  damages at law will be inadequate
         and injunctive  relief is  appropriate in addition to whatever  damages
         may be  recoverable.  Kopstein  agrees  to  pay  the  costs,  including
         attorneys   fees  incurred  by  OCC  in  enforcing  the  provisions  of
         paragraphs 6 and 7.

         Each and all of the several rights and remedies contained in or arising
         by reason of this Agreement shall be construed as cumulative and no one
         of them  shall be  exclusive  of any other or of any right or  priority
         allowed by law or equity.  Nothing in this  Agreement is intended to be
         in  derogation  of the rights of either  party under or pursuant to any
         federal or state statute.

12.      NOTICES:  Any  notice  required  or  desired  to be  given  under  this
         Agreement  shall be deemed given if in writing sent by U.S. Mail to his
         last known residence in the case of Kopstein or to its principal office
         in the case of OCC.

13.      SEVERABILITY  AND LIMITED  ENFORCEABILITY:  It is understood and agreed
         that,  should any portion of any clause or paragraph of this  Agreement
         be deemed too broad to permit enforcement to its full extent, then such
         restriction  shall be enforced to the maximum extent  permitted by law,
         and the  parties  hereby  consent  and  agree  that  such  scope may be
         modified   accordingly   in  a  proceeding   brought  to  enforce  such
         restriction.  Further,  it is agreed that,  should any provision

                                       3

<PAGE>

         in the Agreement be entirely unenforceable, the remaining provisions of
         this Agreement shall not be affected.

14.      ASSIGNMENT:  This  Agreement and the rights and  obligations  hereunder
         shall be deemed  unique and  personal to Kopstein  and Kopstein may not
         transfer,  pledge, encumber, assign, anticipate, or alienate all or any
         part of this Agreement.

15.      PRIOR  AGREEMENT;  MODIFICATION:  No  modifications  or  waiver of this
         Agreement,  or of any  provision  thereof,  shall be valid or  binding,
         unless in writing and  executed  by both of three  parties  hereto.  No
         waiver by either  party of any breach of any term or  provision of this
         Agreement  shall be construed as a waiver of any  succeeding  breach of
         the same or any other term or provision.

IN WITNESS  WHEREOF,  the parties have executed this Agreement as of the day and
year first written above.

/s/ Deborah B. Stokes                               /s/ Robert Kopstein
---------------------                               -------------------
WITNESS                                             Robert Kopstein

                                                    Optical Cable Corporation

                                                   By: /s/ Kenneth W. Harber
                                                       ---------------------
                                                       Kenneth W. Harber
                                                       Vice President of Finance

                                       4

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