JP Outfitters, Inc. Watch

from S-1/A 10 pages Loan Agreement

from S-1/A 10 pages Loan Agreement

from S-1/A 2 pages Reference Is Made to the Financing Agreement Entered Into Between Rosenthal & Rosenthal, Inc. (“Lender”) and JP Outfitters, LLC (“Borrower”) Dated June 11, 2019, as Amended or Supplemented (The “Financing Agreement”). This Will Confirm That, Effective as of the Date Hereof, the Financing Agreement Is Hereby Amended as Follows: A. the Definition of “Maximum Credit Facility” in Article 1 Is Amended and Restated to Be as Follows: “Maximum Credit Facility” Shall Mean the Sum of (I) $5,750,000 and (II) Any Additional Participated Cash Amount Received by Lender on or After July 5, 2022.” B. a New Definition of “Participated Cash Amount” Shall Be Added to Article 1 as Follows: “‘Participated Cash Amount” Shall Mean the Amount of Any Cash Received by Lender From Time to Time as Participations in the Loans It Makes to Borrower Under This Agreement Pursuant to the Terms of Junior Participation Agreements Between It and Arnold Cohen and/or Alice Wong Mei Wai.” C. the First Sentence of Section 2.1 (Loans) Is Amended and Restated to Be as Follows: “Lender Shall, in Its Discretion, Make Loans to Borrower From Time to Time, at Borrower’s Request, Which Loans in the Aggregate Shall Not Exceed the Lesser of (A) the Sum of (I) the Inventory Borrowing Base and (II) the Participated Cash Amount, and (B) the Maximum Credit Facility.”

from S-1/A ~5 pages Reference Is Made to the Financing Agreement Entered Into Between Rosenthal & Rosenthal, Inc. (“Lender”) and JP Outfitters, LLC (“Borrower”) Dated June 11, 2019, as Amended or Supplemented (The “Financing Agreement”). This Will Confirm That, Effective as of the Date Hereof, the Financing Agreement Is Hereby Amended as Follows: A. the Definition of “Maximum Credit Facility” in Article 1 Is Amended and Restated to Be “$5,750,000”

from S-1/A ~5 pages Reference Is Made to the Financing Agreement Entered Into Between Rosenthal & Rosenthal, Inc. (“Lender”) and JP Outfitters, LLC (“Borrower”) Dated June 11, 2019, as Amended or Supplemented (The “Financing Agreement”). This Will Confirm That, Effective as of the Date Hereof, the Financing Agreement Is Hereby Amended as Follows: A. the Definition of “Maximum Credit Facility” in Article 1 Is Amended and Restated to Be “$5,250,000”. B. Clause (A)(iv) of the First Sentence of Section 2.1 Is Amended and Restated to Be as Follows: “(IV) an Additional Availability Block of $200,000”