Amendment #1 to Demand Credit Agreement, dated as of January 13, 2023, between Canadian Imperial Bank of Commerce and Strong/MDI Screen Systems Inc., dated May 8, 2023

Contract Categories: Business Finance - Credit Agreements
EX-10.15 6 ex10-15.htm

 

Exhibit 10.15

 

 

Strong/MDI Screen Systems, Inc.

1440 Raoul-Charette

Joliette, Quebec, J6E 8S7

 

Attention : Mr. Mark Roberson

 

Amendment # 1 to the Existing Credit Agreement dated January 13, 2023 (including all previous amendments thereto, the “Agreement”) between Canadian Imperial Bank of Commerce (“CIBC”) and Strong/MDI Screen Systems, Inc. (the “Borrower”)

 

Amendments. The Agreement is amended as follows:

Demand Operating Credit

 

Credit Limit: $3,400,000 (decreased from $5,000,000)

 

An amendment fee of $2,500 shall be payable upon acceptance of the Amendment #1 to the Existing Credit Agreement.

 

All other terms and conditions remain unchanged.

 

Confirmation: As revised by this Amendment, the Agreement remains in full force.

 

Dated as of: May 8th, 2023

 

For CIBC:   For the Borrower:    
               
By: /s/ Mark Stein   By: /s/ Mark D. Roberson   By:  
Name: Mark Stein   Name: Mark D. Roberson   Name:  
Title: Authorized Signatory   Title: Chairman   Title:  
By:     By:     By:  
Name:     Name:     Name:  
Title:     Title:     Title: