NINTH AMENDED AND RESTATED NOTES PAYABLE SUBORDINATION AGREEMENTNotes Payable Subordination Agreement • August 13th, 2014 • Pfsweb Inc • Services-business services, nec
This Ninth Amended and Restated Notes Payable Subordination Agreement amends and restates in its entirety the Eighth Amended and Restated Notes Payable Subordination Agreement dated March 28, 2014 executed by Priority Fulfillment Services, Inc., (“PFS”). Supplies Distributors, Inc., with its principal place of business at 500 North Central Expressway, Plano, TX 75074 (“SDI”), is/may become further indebted to PFS. PFS represents that no part of said indebtedness has been assigned to or subordinated in favor of any other person, firm or corporation, other than pursuant to the Notes Payable Subordination Agreement, dated as of March 29, 2002 by and between PFS and Wells Fargo, N.A. (formerly known as Wachovia Bank, National Association) (“Wells Fargo”) (“Notes Payable Subordination Agreement”) and that PFS does not hold any security therefor. Capitalized terms used herein without definition shall have the meaning ascribed thereto in the Financing Agreement referred to below.
