EX-99.1 2 ex_201427.htm EXHIBIT 99.1 ex_201427.htm

Exhibit 99.1

 

 

Confidential

 

 

August 25, 2020

 

 

Asta Finance Acquisition Inc.

210 Sylvan Ave
Englewood Cliffs, NJ 07632
Attention: Mr. Gary Stern

 

 

 

Re:

Second Amendment to Commitment Letter dated April 3, 2020 (“Second Amendment”)

 

Dear Mr. Stern:

 

Reference is made to that certain Commitment Letter dated April 3, 2020, as amended by the Amendment to Commitment Letter dated June 25, 2020 (the “Commitment Letter”), by and between Bank Leumi USA (“Bank”) and Asta Finance Acquisition Inc. (“Borrower”). All capitalized terms used herein, but not specifically defined herein, shall have the meanings provided for such terms in the Commitment Letter.

 

Borrower and Bank have agreed to amend certain provisions of the Commitment Letter as set forth herein. In consideration of the premises and of the mutual covenants and agreements herein contained, as of the date first set forth above, the Commitment Letter is hereby amended as follows:

 

(1)        Extension of Commitment Letter. The termination date of September 17, 2020 set forth in paragraph V of the Commitment Letter is hereby deleted and replaced with the new termination date of October 31, 2020.

 

Except as expressly amended hereby, the Commitment Letter and the Term Sheet attached thereto and a part thereof remain in full force and effect in accordance with their original terms. Kindly indicate your agreement with the terms of this Second Amendment by signing in the space provided below.

 

 

Very truly yours,

 

BANK LEUMI USA

 

 

 

 

 

 

 

 

 

 

By:

/s/ Russell Turley

 

 

 

Name: Russell Turley

 

 

 

Title: Vice President

 

       
       
  By: /s/ Douglas J. Meyer  
    Name: Douglas J. Meyer  
    Title: Senior Vice President  

 

 

Accepted and Agreed:

 

ASTA FINANCE ACQUISITION INC.

 

 

By: /s/ Gary Stern  

 

Name: Gary Stern
Title: President