WAIVER AND SECOND AMENDMENT TO CREDIT AND SECURITY AGREEMENTCredit and Security Agreement • September 1st, 2023 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Illinois
THIS WAIVER AND SECOND AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this “Amendment”) is made and entered into this 30th day of August, 2023 by and among FIFTH THIRD BANK, NATIONAL ASSOCIATION (“Lender”), THE SINGING MACHINE COMPANY, INC., a Delaware corporation (“SMCI”) and SMC LOGISTICS, INC., a California corporation (“Logistics”) (hereinafter SMCI and Logistics are sometimes collectively referred to as “Borrowers” or individually referred to as a “Borrower”).
