EX-10.1
from 10-Q
6 pages
1. We Hereby Establish, at the Request and for the Account of Dougherty's Pharmacy, Inc., (The "Applicant") Our Irrevocable Letter of Credit No. 444801 (The "Letter of Credit") in the Initial Amount of $825,000.00 (The "Letter of Credit Amount") Effective as of the Date Referenced Above, and Expiring on March 22, 2020 (The "Expiration Date"). Notwithstanding the Foregoing, This Letter of Credit Shall Be Automatically Renewed for Additional Periods of One Year Upon the Expiration Date and Upon Each Anniversary of Such Date, Unless at Least Sixty (60) Days Prior to the Expiration Date or Anniversary Thereof, as Applicable, We Notify You in Writing That We Elect Not to Renew His Letter of Credit for Such Additional Period. Upon Any Such Renewal, All References to the "Expiration Date" Here in Shall Be Deemed to Refer to the Expiration Date as Extended by Such Renewal. in the Event That Lender Elects to Not Renew the Letter of Credit, Beneficiary Would Be Permitted to Present the Letter of Credit for Payment Without the Documentation Required in Section 2 Below. in Addition, This Letter of Credit Will Be Reduced by $100,000 at Each Anniversary of the Effective Date of This Letter of Credit (For the Avoidance of Doubt, as an Example, During the Second Year After the Effective Date, the Letter of Credit May Be at Least $725,000.00 and in the Third Year, at Least $625,000.00). Said Decrease of This Letter of Credit Shall Be Effective Without Any Further Action on the Part of the Lender or Notice to Any Party
12/34/56
EX-4.21
from 10-12G
17 pages
Business Loan Agreement Dated July 1, 2016, by and Among Dougherty’s Holdings, Inc.; Dougherty’s Pharmacy, Inc.; Dougherty’s Pharmacy El Paso, LLC; Dougherty’s Pharmacy Humble, LLC; Dougherty’s Pharmacy McAlester, LLC; Dougherty’s Pharmacy Forest Park Dallas, LLC; and Dougherty’s Pharmacy Springtown, LLC (As “Borrower”) and First National Bank of Omaha
12/34/56
