Extension Agreement for Revolving Line of Credit between Christos P. Traios and Petrogress, Inc.
This agreement, dated July 12, 2019, is between Christos P. Traios and Petrogress, Inc. It extends the maturity date of a $1,000,000 revolving line of credit originally established on July 13, 2017. The new final maturity date for the line of credit is set as July 13, 2020. Both parties have agreed to this extension, with Christos P. Traios as the lender and Petrogress, Inc. as the borrower.
Exhibit 10.6
Christos P. Traios
10, Sp. Trikoupi Street
18538 Piraeus – Greece
Date: July 12, 2019
Petrogress, Inc.
1013 Centre Rd, Suite 403-A
Wilmington, DE 19805
Re: Extension of Maturity Date of Revolving Line of Credit Agreement
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Please be advised that the undersigned hereby extends the maturity date of that certain Revolving Line of Credit Agreement dated July 13, 2017 (the “Credit Agreement”) pursuant to which the undersigned provided a revolving line of credit in the principal amount of up to $1,000,000 to Petrogress, Inc. (the “Company”). Consequently, the date hereof July 13, 2020 shall be the final Maturity Date of the Line of Credit Note.
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| Christos P. Traios |
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AGREED AND ACKNOWLEDGED:
Petrogress, Inc.
By: /s/ Christos P. Traios
President and Chief Executive officer
