Amendment No. 12 to Revolving Credit Promissory Note between Multi Soft II, Inc. and Vector Group Ltd.

Contract Categories: Business Finance › Modification Agreements
Summary

Multi Soft II, Inc. and Vector Group Ltd. have agreed to amend their existing Revolving Credit Promissory Note. This amendment increases the maximum borrowing amount from $700,000 to $800,000 and extends the loan's maturity date from December 31, 2025, to December 31, 2027. All other terms of the original agreement remain unchanged. The amendment is effective as of April 26, 2024.

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EX-10.13 2 a2024131-ex1013.htm EX-10.13 Document


April 26, 2024

Multi Soft II, Inc.
4400 Biscayne Boulevard; 10th Floor
Miami, FL 33137

Re: Amendment No. 12 to Revolving Credit Promissory Note

Reference is made to the Revolving Credit Promissory Note (the “Revolver”) dated April 23, 2012 in consideration of the mutual agreements and covenants contained and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $700,000 to $800,000 and extend the Maturity Date of the Revolver to December 31, 2027 from December 31, 2025.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 12 to the Revolving Credit Promissory Note to be duly executed and attested, all as of the date first written above.

BORROWER:

MULTI SOFT II, INC., a Florida Corporation


By: /s/ Robert M. Lundgren
Name: Robert M. Lundgren
Director

LENDER:

VECTOR GROUP LTD., a Delaware Corporation


By: /s/ Marc N. Bell
Name: Marc N. Bell
Senior Vice President, General Counsel and Secretary