Termination Letter to Financing Agreement between Rosenthal & Rosenthal, JP Outfitters, LLC, and TA Outfitters, LLC
Rosenthal & Rosenthal, JP Outfitters, LLC, and TA Outfitters, LLC have agreed to terminate their existing Financing Agreement, originally dated June 11, 2019, effective November 15, 2023. As part of this termination, a pro-rated facility fee of $9,375 will be charged to the clients' account on October 1, 2023. The letter confirms that all other terms and rights under the original agreement remain in effect until termination, and Rosenthal & Rosenthal retains the right to issue a termination notice at any time.
Exhibit 10.41
Rosenthal & Rosenthal
August 24, 2023
JP Outfitters, LLC
11 11 Brickell Avenue Suite 1300
Miami, FL 33131
TA Outfitters, LLC
5345 Creek Road
Blue Ash, OH 45242
Ladies and Gentlemen:
Reference is made to the Financing Agreement entered into between us and each of you dated June 11, 2019. as amended or supplemented (the “Financing Agreement”). This letter confirms our agreement that the Financing Agreement shall terminate effective as of November 15, 2023, otherwise in accordance with its terms, including specifically. but not limited to, those provisions set forth in Section 10 of the Financing Agreement. In consideration of the foregoing, on October 1, 2023 we will charge to your account with us, $9,375 representing a pro-rated facility fee for such partial period.
This letter is without waiver of any of the terms or our rights under the Financing Agreement, including our right to send you such a termination notice at any time.
| Very Truly Yours, | ||
| Rosenthal & Rosenthal | ||
| By: | ||
| Name: | Thomas D. Lauria | |
| Title: | Executive Vice President | |
| Agreed: | ||
| JP Outfitters, Inc. | ||
| By: | ||
| Name: | Sam Chung | |
| Title: | CFO/Director | |
| TA Outfitters, LLC | ||
| By: | ||
| Name: | Arnold Cohen | |
| Title: | MD/CEO | |
