First Amendment to Commitment Letter between Webster Bank and Vermont Pure Holdings, Ltd. (May 8, 2000)

Contract Categories: Business Finance › Financing Agreements
Summary

Webster Bank and Vermont Pure Holdings, Ltd. have amended their previous commitment letter regarding financing for the merger of Vermont Pure Holdings, Ltd. and Crystal Rock Spring Water Company. The amendment extends the deadline for closing the related loans from July 31, 2000, to August 31, 2000. If the loans do not close by this new date, the commitment will expire unless the bank agrees in writing to another extension.

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EX-10.19 12 b35935vpex10-19.txt COMMITTMENT LETTER DATED MAY 8, 2000 1 Exhibit 10.19 [WEBSTER BANK LOGO] VERMONT PURE HOLDINGS, LTD. May 8, 2000 Route 66 Catamount Industrial Park Randolph, Vermont 05060 Attention: Tim Fallon and Peter Baker Re: Financing facilities for the merger of Vermont Pure Holdings, Ltd. and Crystal Rock Spring Water Company Dear Peter and Tim: This is the first amendment to the Commitment Letter Dated April 14, 2000 regarding the above transaction. The date that the loans must close by is extended from July 31, 2000 to not later than August 31, 2000. Thus the second paragraph above the signature line shall now read: "If for any reason the Loans do not close by August 31, 2000, time being of the essence, this Commitment shall lapse and shall be of no further force or effect unless the time for closing is extended to a date certain in writing by the Bank." If you have any questions, please do not hesitate to contact me. Very truly yours, WEBSTER BANK By: /s/ Robert E. Teittinen ------------------------ Robert E. Teittinen Its: Vice President