Extension of the Financing Agreement to November 30, 2023

Contract Categories: Business Finance - Financing Agreements
EX-10.48 9 ex10-48.htm

 

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