RECITALSExecutive Employment Agreement • July 17th, 2000 • Petmed Express Inc • Wholesale-miscellaneous nondurable goods • Florida
SOUTHTRUST BANK, N.A. One East Broward Boulevard Second FloorPetmed Express Inc • July 17th, 2000 • Wholesale-miscellaneous nondurable goods
We refer to the Promissory Note and Security Agreement ("Loan Documents"), dated April 29, 1999 and September 17, 1999 between SouthTrust Bank (the "Bank") and PetMed Express, Inc. (the "Company"). We also refer to the letter, signed and agreed to by Dr. Marc Puleo, Chief Executive Officer of PetMed Express, Inc., dated February 24, 2000 (hereafter referred to as the "Waiver Letter"), outlining the waiver and amendment of certain financial covenants.
