Forbearance Agreement and Omnibus Amendment to Agreements Sample Contracts

Contract

Forbearance Agreement and Omnibus Amendment to Agreements • April 21st, 2009 • ProLink Holdings Corp. • Services-prepackaged software • New York

• Contract Type
  Forbearance Agreement and Omnibus Amendment to Agreements
• Filed
  April 21st, 2009
• Company
  ProLink Holdings Corp.
• Industry
  Services-prepackaged software
• Jurisdiction
  New York

Reference is hereby made to (a) that certain Second Amended and Restated Security Agreement dated as of September __, 2008 by and among ProLink Holdings Corp., a Delaware corporation (“Parent”), ProLink Solutions, LLC, a Delaware limited liability company (“Solutions”) (Parent and Solutions, each a “Company” and collectively, the “Companies”), LV Administrative Services, Inc., as Administrative and Collateral Agent (“Agent”), Valens U.S. SPV I, LLC (“Valens U.S.”), Valens Offshore SPV I, LTD (“Valens Offshore”), PSource Structured Debt Limited (“PSource”) and Calliope Capital Corporation (“Calliope” and collectively with Valens U.S., Valens Offshore and PSource, the “Lenders”; and the Lenders, collectively with Agent, the “Creditor Parties”) (as amended, restated, modified and/or supplemented from time to time, the “Security Agreement”), (b) that certain Secured Term Note dated March 4, 2009 from the Companies in favor of Valens U.S. in the original principal amount of $1,400,000.00 (a