Amendment to the Credit Agreement, dated as of November 14, 2017, between Canadian Imperial Bank of Commerce and Strong/MDI Screen Systems, Inc

EX-10.22 2 ex10-22.htm

Credit Agreement Amendment Feb 2016

1006 – 2540 Daniel-Johnson Blvd.

Laval, Québec

H7T 2S3

Amendment to the Credit Agreement

dated July 10, 2017 (including all previous amendments thereto), the “Agreement”

between Canadian Imperial Bank of Commerce (“CIBC”) and Les Systèmes d’Écran Strong/MDI Inc. / Strong/MDI Screen Systems Inc. (the “Borrower”)

Amendments. The Agreement is amended as follows:

New facility

Business Credit Card Facility

Credit Limit:	CAD$ 50,000.

Purpose:	Purchase and payment of goods and services.

Repayment:	On demand in accordance with the CIBC Business Credit Card Agreement
	(Business Liability)

Documentation:	CIBC Business Credit Card Agreement (Business Liability).

Other Provisions

Schedule B:

The attached Schedule B, which contains certain additional provisions applicable to the Business Credit Card Facility and certain definitions, forms part of this Letter.

Confirmation: As revised by this Amendment, the Agreement remains in full force.

Dated as of: November 14, 2017

For CIBC:		For the Borrower:		For the Borrower:

By:	/s/ Denis Lemire	By:	/s/ François Barrette	By:	/s/ Suzanne Thouin
Name:	Denis Lemire	Name:	François Barrette	Name:	Suzanne Thouin
Title:	Manager, Commercial Banking	Title:	General Manager	Title:	Executive Director

For Ballantyne Strong Inc.		For Ballantyne Strong Inc.

By:	/s/ D. Kyle Cerminara	By:	/s/ Lance V. Schulz
Name:	D. Kyle Cerminara	Name:	Lance V. Schulz
Title:	Chairman & Chief Executive Officer	Title:	Senior Vice-President, Chief Financial Officer & Treasurer