Exhibit 10.1

 

November 4, 2019

 

Weyco Group, Inc.

333 West Estabrook Boulevard

Glendale, Wisconsin 53212

 

Re:Renewal of Expiration Date for that certain $60,000,000.00 Working Cash® Line
of Credit (“Line of Credit”) extended by PNC Bank, National Association (the
“Bank”) to Weyco Group, Inc. (the “Borrower”)

 

Ladies/Gentlemen:

 

We are pleased to inform you that the Line of Credit has been renewed. The
Expiration Date of the Line of Credit, as set forth in that certain Committed
Line of Credit Note executed and delivered by the Borrower to the Bank dated
November 5, 2013 (the “Note”) and/or that certain loan agreement governing the
Line of Credit (the “Loan Agreement”), has been extended from November 5, 2019
to November 5, 2020, or such later date as may, in the Bank's sole discretion,
be designated by the Bank by written notice from the Bank to the Borrower,
effective on November 6, 2019. All sums due under the Note, the Loan Agreement
or any related documents, instruments and agreements (collectively as amended
from time to time, the “Loan Documents”) shall be due and payable on the
Expiration Date, as extended hereby. All other terms and conditions of the Loan
Documents governing the Line of Credit remain in full force and effect.

 

It has been a pleasure working with you and I look forward to a continued
successful relationship. Thank you again for your business.

 

Very truly yours,

 

PNC BANK, NATIONAL ASSOCIATION

 

By:  

/s/ Ghada Shalabi

    Ghada Shalabi     Vice President