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

Summary

This addendum modifies the BusinessManager Agreement dated March 16, 2022, between Vast Bank N.A. and Fulton Technologies Inc. It changes the terms regarding the assignment and sale of accounts, setting a maximum limit of $6,500,000 on the total outstanding face amount of purchased accounts, unless the bank agrees otherwise at its discretion. All other terms of the original agreement remain unchanged. The addendum is effective as of March 16, 2022.

EX-10.6 7 fultonbusinessmanageradden.htm EX-10.6 Document

DocuSign Envelope ID: A42C0F3C-9D05-4223-B7E1-67A411449A11







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 Dish Only (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 $6,500,000.00, 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








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