Standard Contracts
ContractForbearance and Modification Agreement • February 10th, 2009 • Drinks Americas Holdings, LTD • Beverages • New Jersey
THIS FORBEARANCE AND MODIFICATION AGREEMENT, dated as of January 30, 2009 by and between Sovereign Business Capital, division of Sovereign Bank, a federal savings bank (formerly the Business Alliance Capital Company, division of Sovereign Bank) with a place of business at 214 Carnegie Center, Suite 302, Princeton, New Jersey 08540, ("Bank"), and Drinks Americas, Inc., a Delaware corporation (“DAI”), Drinks Global Imports, LLC, a New York limited liability company (“DGI”), and D.T. Drinks, LLC, a New York limited liability company (“DTD”, and together with DAI and DGI individually and collectively “Borrower”) each with its chief executive office at 372 Danbury Road, Wilton, CT 06897.
