AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • December 2nd, 2019 • 1347 Property Insurance Holdings, Inc. • Fire, marine & casualty insurance • Florida
This Amended and Restated Loan Agreement (this “Agreement”) is dated November 29, 2019 and is made and entered into by and among Hancock WHITNEY BANK, a Mississippi state chartered bank (“Bank”), and 1347 PROPERTY INSURANCE HOLDINGS, INC., a Delaware corporation (“Borrower”). This Agreement amends and restates in its entirety that certain Loan Agreement dated August 20, 2019 among Bank and Borrower (the “Prior Agreement”) pursuant to which Bank made a non-revolving line of credit loan in the maximum principal amount of Seven Million Dollars ($7,000,000.00) (the “Existing Line of Credit”).
