AMENDED AND RESTATED GENERAL SUBORDINATION AGREEMENTGeneral Subordination Agreement • July 26th, 2023 • Unique Logistics International, Inc. • Arrangement of transportation of freight & cargo
To induce TBK Bank, SSB (“Senior Creditor”) to extend or to permit any concern for which Senior Creditor may now or in the future act as finance company to extend credit to Debtor and/or to grant financial accommodations to Debtor at any time (including the extension or renewal, in whole or in part, of any antecedent or other debt) upon such terms and for such amounts as may be mutually agreeable to Senior Creditor and Debtor and/or to accept the accounts receivable of Debtor as eligible receivables in the determination of extensions of credit to any concern for which Senior Creditor may act as finance company and/or to induce Senior Creditor to enter into or refrain at this time from terminating a finance agreement with Debtor and to provide financial accommodations thereunder, the Junior Creditor hereby agrees to make subject and subordinate and does hereby make subject and subordinate the payment of the aforementioned indebtedness and any and all other present or future indebtedness
