Amendment No. 1 to Revolving Credit Promissory Note between CDSI Holdings Inc. and Vector Group Ltd.

Contract Categories: Business Finance › Modification Agreements
Summary

This amendment, dated January 26, 2011, is between CDSI Holdings Inc. and Vector Group Ltd. It modifies their existing Revolving Credit Promissory Note by increasing the maximum amount that CDSI Holdings can borrow from $50,000 to $100,000. All other terms of the original agreement remain unchanged. The amendment is effective as of the date signed by both parties.

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EX-4.1 2 v209145_ex4-1.htm Unassociated Document
 
 
January 26, 2011
 

CDSI Holdings 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 March 26, 2009.  In consideration of the mutual agreements and covenants contained therein and other good and valuable consideration, the parties hereto agree to increase the Commitment Amount, as defined in the Revolver, from $50,000 to $100,000.


IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to the Revolving Credit Promissory Note to be duly executed and attested, all as of the date first above written.


BORROWER:

CDSI HOLDINGS INC., a Delaware 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