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