FORBEARANCE AGREEMENTForbearance Agreement • November 3rd, 2006 • Iwt Tesoro Corp • Wholesale-durable goods • Connecticut
This FORBEARANCE AGREEMENT (the “Agreement”) is made as of this 2nd day of November by and among BANK OF AMERICA, N.A., successor to Fleet Capital Corporation with an address at 200 Glastonbury Boulevard, Glastonbury, Connecticut 06033 (the “Lender”), IWT TESORO CORPORATION, a Nevada corporation with its chief executive office and principal place of business at Suite 10, 191 Post Road West, Westport, Connecticut 06880, INTERNATIONAL WHOLESALE TILE, INC., a Florida corporation with its chief executive office and principal place of business at 3500 S.W. 42nd Avenue, Palm City, Florida 34990, THE TILE CLUB, INC., a Delaware corporation with its chief executive office and principal place of business at Suite 10, 191 Post Road West, Westport, Connecticut 06880 (“The Tile Club”), and TESORO DIRECT, INC. f/k/a IMPORT FLOORING GROUP, INC., a Delaware corporation with its chief executive office and principal place of business at Suite 10, 191 Post Road West, Westport, Connecticut 06880 (jointly
