Second Note Modification Agreement between Meriwether Mezzanine Partners, L.P. and Summit Semiconductor LLC

Contract Categories: Business Finance › Modification Agreements
Summary

This agreement, effective July 23, 2015, is between Meriwether Mezzanine Partners, L.P. (the lender) and Summit Semiconductor LLC (the borrower). It modifies the terms of a previous $500,000 promissory note by extending the maturity date to November 25, 2015. All other terms of the original note and related security documents remain unchanged. The agreement is signed by authorized representatives of both parties.

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EX-4.5 10 tv497562_ex4-5.htm EXHIBIT 4.5

 

Exhibit 4.5

 

SECOND NOTE MODIFICATION AGREEMENT

 

This Second Note Modification Agreement is made effective July 23, 2015, by and between Meriwether Mezzanine Partners, L.P., a Delaware limited partnership (“Lender”) and Summit Semiconductor LLC, a Delaware limited liability company (“Borrower”), and modifies and amends certain terms of Borrower’s indebtedness evidenced by a promissory note in favor of Lender dated January 5, 2015 in the original principal amount of $500,000.00, as amended by the Note Modification Agreement between Borrower and Lender dated effective June 30, 2015 (together, the “Note”), which is secured in part by a Loan and Security Agreement dated as of dated January 5, 2015 and a UCC-1 Financing Statement filed with the Delaware Secretary of State on January 8, 2015 as Filing No. 2015- 0085851 (the “Security Documents”).

 

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Note is hereby modified and amended as follows:

 

A.          The Note is amended as follows:

 

“Maturity Date” means November 25, 2015.

 

Except as herein specifically modified, all of the terms and conditions of the Note, the Security Documents and all documents and agreements related thereof shall remain in full force and effect.

 

[signatures on following page]

 

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BORROWER:

 

  SUMMIT SEMICONDUCTOR LLC, a Delaware limited liability company

 

  By:
    Brett Moyer, Chief Executive Officer

 

LENDER:

 

  MERIWETHER MEZZANINE PARTNERS, L.P., a Delaware limited partnership

 

  By: MMP GENERAL PARTNER, LLC, a Delaware limited liability company, its general partner

 

  By:
    David Howitt, sole member

 

  Address: 2001 NW 19th Avenue, #103B
    Portland, OR 97209

 

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