Line of Credit Renewal Agreement between Merrill Lynch Business Financial Services Inc. and YP Corp.
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Summary
Merrill Lynch Business Financial Services Inc. has approved the renewal of a line of credit for YP Corp., extending the maturity date to April 30, 2006. All other terms and conditions of the original agreement remain unchanged. A renewal fee of $10,000 will be charged to YP Corp.'s account. The agreement is addressed to Chris Broquist of YP Corp. and signed by Merrill Lynch's Credit Manager.
EX-10.2 3 ex10_2.htm EXHIBIT 10.2 Exhibit 10.2
Exhibit 10.2
 | Global Private Client Group Merrill Lynch Business Financial Services Inc. 222 North LaSalle Street 17th Floor Chicago, Illinois 60601 (312) 499-3284 FAX: (312) 499-3254 | |
| May 19, 2005 |
Mr. Chris Broquit
YP Corp
4840 E. Jasmine Street, Suite 105
Mesa, AZ 85205
RE: WCMA LINE OF CREDIT NO. 412-02104 ("Line of Credit")
Dear Mr. Broquist,
It is a pleasure to inform you that we have approved a renewal of the Line of Credit for YP Corp.
As renewed, the new Maturity Date will be April 30, 2006, with all other terms and conditions remaining unchanged. In connection with this renewal, a $10,000.00 fee will be charged to the WCMA Account.
Should you have any questions, please contact Nick Zappia at ###-###-####.
Very truly yours,
Merrill Lynch Business Financial Services Inc.
| By: | /s/ Jack Gongaware |
| Jack Gongaware | |
| Credit Manager |
| cc: | Nick Zappia |
Richard W. Tribble
