SUBORDINATION AGREEMENTSubordination Agreement • July 16th, 2014 • Singing Machine Co Inc • Phonograph records & prerecorded audio tapes & disks • Florida
THIS SUBORDINATION AGREEMENT, dated as of July __, 2014 (the “Agreement”), is by and among STARLIGHT MARKETING DEVELOPMENT, LTD. (the “Subordinated Creditor”) and PNC BANK, NATIONAL ASSOCIATION, a national banking association, as agent for the Lenders (defined below) (in such capacity, the “Agent”).
