Modification Addendum to BusinessManager Agreement between Vast Bank N.A. and Fulton Technologies Inc.

Summary

This addendum modifies the original BusinessManager Agreement dated March 16, 2022, between Vast Bank N.A. and Fulton Technologies Inc. It changes the terms regarding the maximum amount of purchased accounts, setting a limit of $2,000,000 unless the bank decides otherwise at its discretion. All other terms of the original agreement remain unchanged. The addendum is effective as of March 16, 2022, and is signed by representatives of both parties.

EX-10.5 6 fultonbusinessmanageraddena.htm EX-10.5 Document

DocuSign Envelope ID: 17F8BA49-DF8F-479E-98E0-F7BAD57EDB20

MODIFICATION ADDENDUM TO THE BUSINESSMANAGER®AGREEMENT WITH BUSINESSES AND PROFESSIONALS

Upon signature by both parties, the BusinessManager Agreement with Businesses and Professionals entered into as of the 16th_day of March, 2022, by and between Vast Bank N.A. (the “Financial Institution”) and Fulton Technologies Inc (the “Business”) shall hereby be modified to provide the following:

Section 2.1.4 Assignment and Sale shall be deleted and replaced with the following:

The total outstanding Face Amount of Purchased Accounts by Financial Institution will never exceed $2,000,000.00, unless agreed to by Financial Institution which decision will be in Financial Institution’s Business Judgment.

This Modification Addendum shall be effective as of the 16th day of March, 2022.

All other terms and provisions of the BusinessManager Agreement with Businesses and Professionals shall remain in full force and effect.

Financial Institution Business

_Vice President _President

Title Title

3/17/2022 3/17/2022

Date Date