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Exhibit 10.3
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: |