Amendment No. 1 to Credit Agreement between CIBC and Strong/MDI Screen Systems, Inc.

Summary

This amendment updates the existing credit agreement between Canadian Imperial Bank of Commerce (CIBC) and Strong/MDI Screen Systems, Inc. The main change is a reduction of the credit limit from $5,000,000 to $3,400,000. The borrower must pay a $2,500 amendment fee upon acceptance. All other terms of the original agreement remain unchanged. The amendment is effective as of May 8, 2023, and both parties have confirmed the agreement remains in full force.

EX-10.3 2 ex10-3.htm

Exhibit 10.3

Strong/MDI Screen Systems, Inc.

1440 Raoul-Charette

Joliette, Quebec, J6E 8S7

Attention : Mr. Mark Roberson

Amendment # 1 to the Existing Credit Agreement

dated January 13, 2023 (including all previous amendments thereto, the “Agreement”)

between Canadian Imperial Bank of Commerce (“CIBC”) and Strong/MDI Screen Systems, Inc. (the

“Borrower”)

Amendments. The Agreement is amended as follows:

Demand Operating Credit

Credit Limit: $3,400,000 (decreased from $5,000,000)

An amendment fee of $2,500 shall be payable upon acceptance of the Amendment #1 to the Existing Credit Agreement.

All other terms and conditions remain unchanged.

Confirmation:	As revised by this Amendment, the Agreement remains in full force.
Dated as of:	May 8^th, 2023

For CIBC:		For the Borrower:

By:	/s/ Mark Stein	By:	/s/ Mark D. Roberson	By:
Name:	Mark Stein	Name:	Mark D. Roberson	Name:
Title:	Authorized Signatory	Title:	Chairman	Title:

By:		By:		By:
Name:		Name:		Name:
Title:		Title:		Title: