EX-10.9 11 dex109.htm FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT EXHIBIT I FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT NO. ISSUER: [Insert Name of Issuing Bank] ISSUE DATE: __ ____, 200_May 5th, 2020
FiledMay 5th, 2020BENEFICIARY: TACTICAL HOLDINGS, INC. A DELAWARE CORPORATION, UNDER THE STOCK PURCHASE AGREEMENT DATED DECEMBER 29, 2007 BETWEEN PHOENIX FOOTWEAR GROUP, INC., AS SELLER AND TACTICAL HOLDINGS, INC., AS BUYER
EXHIBIT I FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT NO.Phoenix Footwear Group Inc • January 4th, 2008 • Footwear, (no rubber)
Company FiledJanuary 4th, 2008 Industry[insert name of issuing bank] (the “Issuer”) hereby issues this Irrevocable Standby Letter of Credit (the “Credit”) for the account of Phoenix Footwear Group, Inc. (the “Applicant”) in favor of Tactical Holdings, Inc. (the “Beneficiary”) under the Stock Purchase Agreement dated December 29, 2007 between Applicant and Beneficiary (the “Stock Purchase Agreement”).