Amendment No. 4 to Revolving Credit Promissory Note between Multi Soft II, Inc. and Vector Group Ltd.

Contract Categories: Business Finance › Note Agreements
Summary

This amendment updates the existing Revolving Credit Promissory Note between Multi Soft II, Inc. and Vector Group Ltd. It increases the maximum borrowing limit from $300,000 to $350,000 and extends the loan's maturity date from December 31, 2015, to December 31, 2017. Both parties have agreed to these changes as of December 15, 2014.

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EX-10.1 2 multisoft-20141031xex101.htm EXHIBIT 10.1 MultiSoft-2014.10.31 - EX10.1





December 15, 2014

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

Re:    Amendment No. 4 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 $300,000 to $350,000 and extend the Maturity Date of the Revolver to December 31, 2017 from December 31, 2015.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to the Revolving Credit Promissory Note to be duly executed and attested, all as of the date first written above.

BORROWER:

MUTLI 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
Vice President, General Counsel and Secretary