BY FACSIMILE AND ELECTRONIC MAIL GKS Funding LLC Unit S2206 Chicago, IL 60614 Attention: Mo GarfinkleLetter Agreement Waiving Cure Period Relating to Existing Default and Consenting to Ucc Sale • April 7th, 2017 • Kahn Jonathan Efrem • Grain mill products
As you know, Agritech Worldwide, Inc. (the “Company”) is obligated to GKS Funding LLC (the “Agent”) pursuant to the terms of that certain Loan and Security Agreement, dated as of February 1, 2017 (as amended and in effect from time to time, the “Loan Agreement”), between the Company, the Lenders party thereto and the Agent. As of the date of this letter, the outstanding balance of the Company’s obligations under the Loan Agreement is approximately $1,011,800, plus accrued and accruing legal fees and expenses. Unless otherwise specified herein, capitalized terms used in this letter shall have the meanings ascribed to them in the Loan Agreement.
