SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT AND DEMAND SECURED PROMISSORY NOTELoan and Security Agreement • September 30th, 2014 • Janel World Trade LTD • Services-business services, nec • Georgia
THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT AND DEMAND SECURED PROMISSORY NOTE (this "Amendment") is made and entered into this twenty-fifth day of September, 2014, by and between Janel World Trade, Ltd., a Nevada corporation, and The Janel Group of New York, a New York corporation, and The Janel Group of Illinois, an Illinois corporation, and The Janel Group of Georgia, a Georgia corporation, and The Janel Group of Los Angeles, a California corporation, and Janel Ferrara Logistics, LLC, a New Jersey limited liability company, and Alpha International, LP, a New York limited partnership, and PCL Transport, LLC, a New Jersey limited liability company (individually, jointly and severally, the "Borrower" or "Obligor'') with its chief executive office and principal place of business at 150-14 132nd Avenue, Jamaica, NY 11434, and Presidential Financial Corporation, a Georgia corporation (hereinafter referred to as "Lender") with an office at 3460 Preston Ridge Road, Suite 550, Alpha
Janel World Trade, Ltd.Janel World Trade LTD • September 30th, 2014 • Services-business services, nec • New York
Re: Subscription Agreement (this “Agreement”) for the Purchase of Series C Cumulative Preferred Stock of Janel World Trade, Ltd.
