FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • January 14th, 2016 • Greystone Logistics, Inc. • Special industry machinery, nec • Texas
THIS FIRST AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is made as of January 7, 2016 among INTERNATIONAL BANK OF COMMERCE, a Texas state banking association (together with its successors and assigns, “Lender”), GREYSTONE LOGISTICS, INC., an Oklahoma corporation (“Greystone Logistics”), and GREYSTONE MANUFACTURING, L.L.C., an Oklahoma limited liability company (“Greystone Manufacturing” and, together with Greystone Logistics, the “Borrowers”) and (a) amends the Loan Agreement (Revolving Loan and Equipment Term Loan) dated as of January 31, 2014 among Borrowers and Lender (the “Loan Agreement”), and (b) ratifies and amends the other Loan Documents to which the Borrowers are a party as described below.
