Exhibit 10.25
FOURTH AMENDMENT TO
INVENTORY FINANCING AND SECURITY AGREEMENT
I. THE PARTIES TO THIS AGREEMENT
This Fourth Amendment to Inventory Financing and Security Agreement (“Amendment”) is effective as of February 24, 2022, and is made by and among the following parties:
II. THE RECITALS
The essential facts relied on by Bank, Ally, Dealership and Vroom as true and complete, and giving rise to this Amendment, are as follows:
III. THE AGREEMENT
In consideration of the premises and the mutual promises in this Amendment, which are acknowledged to be sufficient, Bank, Ally, Dealership and Vroom agree to the following:
Certain information has been excluded because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed.
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(c) The Fourth Amendment Commitment Fee. On or before February 24, 2022, the Dealership shall pay the Ally Parties a “Fourth Amendment Commitment Fee” of $[***]..
Agreed to as of February 24, 2022.
Ally Bank
By: /s/ Stephen B. Gambrel
Name: Stephen B. Gambrel
Title: Authorized Representative
Date: 2/24/22
| Vroom Automotive, LLC
By: /s/ Robert R. Krakowiak
Name: Robert R. Krakowiak
Title: Chief Financial Officer
Date: 2/24/22
|
Ally Financial Inc.
By: /s/ Stephen B. Gambrel
Name: Stephen B. Gambrel
Title: Authorized Representative
Date: 2/24/22 | Vroom, Inc.
By: /s/ Robert R. Krakowiak
Name: Robert R. Krakowiak
Title: Chief Financial Officer
Date: 2/24/22 |
***[Redacted for confidentiality purposes]
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