CREDIT FACILITY LETTER AGREEMENTCredit Facility Letter Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
The undersigned, GlassBridge Enterprises, Inc. (the “Lender”), hereby agrees to loan to Clinton Special Opportunities Fund LLC (the “Borrower”) from time to time until November 15, 2020 (the “Maturity Date”), in one or more advances, the aggregate principal amount of up to $1,000,000. Accrued and unpaid interest on loans made under this Agreement shall be repaid by the Borrower on the last business day of February, May, August, and on the Maturity Date, and and all unpaid principal shall be payable in full on the Maturity Date. All such advances shall be made on the terms and conditions contained in, and with a repayment obligation to be evidenced by, the attached promissory note.
