AMENDMENT TO THE LOAN AGREEMENT DATED JUNE 11, 2009
Exhibit 99.2
AMENDMENT
TO THE LOAN AGREEMENT DATED JUNE 11, 0000
Xxxxxxx Xxxxx Xxxxx Incorporated (The: “Lender”), and RiT Technologies Ltd. (the: “Borrower”)
THIS Amendment (the "Amendment ") is made and entered into as of the 17th day of April, 2012;
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WHEREAS
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The parties have entered into the Loan Agreement dated June 11, 2009, (which was approved by RiT’s Audit Committee, Board of Directors and shareholders), as well as into a few Addendums/Amendment thereto (together the “Loan Agreement”); and
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WHEREAS
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The parties wish to increase (again) the loan’s “Maximum Amount” (as defined in Section 1.5 of the Loan Agreement);
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NOW therefore, both parties agree as follows:
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1.
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Section 1.5 of the Loan Agreement is hereby amended in its entirety and replaced with the following renewed section:
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“(1.5) Total maximum amount of the loan granted to the Borrower by the Lender within the duration of the Term, should not exceed US$ 20,000,000 (twenty million dollars) (hereinafter: the “Maximum Amount”).”
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3.
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All other provisions of the Loan Agreement shall remain unchanged.
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
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__________________________
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____________________
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Stins Xxxxx Incorporated
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By: Xxxxxx Xxxxxxxx, President
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By: Xxxxx Xxxxxxxxx, President &CEO
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