Termination Letter Agreement for Financing Agreement between Rosenthal & Rosenthal, Inc., JP Outfitters, Inc., and TA Outfitters, LLC
Rosenthal & Rosenthal, Inc., JP Outfitters, Inc., and TA Outfitters, LLC have agreed to terminate their existing Financing Agreement, originally dated June 11, 2019, effective November 30, 2023. As part of this termination, a pro-rated facility fee of $3,125 will be charged to the account of JP Outfitters and TA Outfitters. The letter confirms that all other rights and terms under the original agreement remain in effect until termination, and no rights are waived by this notice.
Exhibit 10.48
November 13, 2023
JP Outfitters, Inc.
1111 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 30, 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, effective November 16, 2023, we will charge to your account with us, $3,125 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, INC. | ||
| By: | /s/ Thomas D. Lauria | |
| Thomas D. Lauria, Executive Vice President | ||
| AGREED: | ||
| JP OUTFITTERS, LLC | ||
| By: | /s/ Sam Chung, Active CFO | |
| Name: | Sam Chung, Active CFO | |
| Title: | CFO | |
| TA OUTFITTERS, LLC | ||
| By: | /s/ Arnold Cohen, Manager | |
| Name: | Arnold Cohen, Manager | |
| Title: | MD - JPO Outfitters | |
| ROSENTHALINC.COM | 1370 BROADWAY, NEW YORK, NY 10018 | T: 212.356.140 |
