Amendment No. 1 to Revolving Credit Promissory Note between Multi Solutions II, Inc. and Vector Group Ltd.
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Summary
This amendment, dated December 17, 2012, is between Multi Solutions II, Inc. and Vector Group Ltd. It modifies their existing Revolving Credit Promissory Note by increasing the maximum amount that can be borrowed from $150,000 to $200,000. All other terms of the original agreement remain unchanged. The amendment is effective as of the date signed by both parties.
EX-10.1 2 multisol-20121031ex101amen.htm EXHIBIT 10.1 MultiSol-2012.10.31 EX 10.1 Amend Revolver
EXHIBIT 10.1
December 17, 2012
Multi Solutions II, Inc.
100 SE 2nd Street, 32nd Floor
Miami, FL 33131
Re: Amendment No. 1 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 $150,000 to $200,000.
IN WITNESS WHEREOF, the parties hereto have caused the Amendment No. 1 to the Revolving Credit Promissory Note to be duly executed and attested, all as of the date first written above.
BORROWER: | |||
MULTI SOLUTIONS 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 |