Second Amendment to Investor Private Line of Credit Agreement between James Davison and Rego Payment Architectures, Inc.
This amendment updates the existing line of credit agreement between James Davison and Rego Payment Architectures, Inc. Under the revised terms, Mr. Davison extends a $20 million line of credit to Rego, available for three years until March 13, 2026, provided there is no significant change in Rego's operations. The amendment replaces Section 1 of the original agreement and is effective as of March 13, 2025.
Exhibit 10.1
SECOND AMENDMENT TO INVESTOR PRIVATE LINE OF CREDIT
Pursuant to the Investor Private Line of Credit Agreement (“Agreement”) dated and executed on March 13, 2023 and as amended on March 13, 2024, by and between James Davison (herein referred to as "Investor") and Rego Payment Architectures, Inc. (herein referred to as "Rego"), this Second Amendment shall supersede and become part of the of Agreement as follows:
Section 1 of the Agreement shall be deleted and replaced by the following:
1. Investor hereby extends a line of credit to Rego in the amount of Twenty Million Dollars and No/Cents ($20,000,000.00) to be drawn upon by Rego for a period of three years from the date hereof (i.e. March 13, 2026) in order to provide additional capital to facilitate Rego's operations so long as there has not been any material change in the operations of Rego.
IT IS SO AGREED ON THIS DATE, MARCH 13, 2025.
| By: | /s/ James E. Davison | |
James E. Davison Investor March 13, 2025 | ||
| By: | /s/ Peter S. Pelullo | |
Peter S. Pelullo Rego Payment Architectures, Inc. Borrower March 13, 2025 | ||
