SEC Contract Filing

Filing Date: 2023-09-20

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ea185450ex10-4_unique.htm
<DESCRIPTION>AMENDMENT TO THE AMENDED AND RESTATED LETTER AGREEMENT, DATED AS OF SEPTEMBER 18, 2023, BY AND AMONG EDIFY ACQUISITION CORP., COLBECK EDIFY HOLDINGS, LLC, AND UNIQUE LOGISTICS INTERNATIONAL, INC.
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXECUTION COPY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">September 18, 2023</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Edify Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">888 Seventh Avenue, Floor 29</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">New York, NY 10106</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">RE:</TD><TD STYLE="text-align: justify"><U>Amendment to Amended and Restated Letter Agreement</U></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is made to that
certain amended and restated letter agreement (the &ldquo;<U>Letter Agreement</U>&rdquo;), dated as of December 18, 2022, by and among
Edify Acquisition Corp., a Delaware corporation (&ldquo;<U>Buyer</U>&rdquo;), Colbeck Edify Holdings, LLC (the &ldquo;<U>Sponsor</U>&rdquo;)
and the members of Buyer&rsquo;s board of directors and/or management team as are party thereto (the &ldquo;<U>Insiders</U>&rdquo;). Capitalized
terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Agreement and Plan of Merger,
dated as of December 18, 2022 (the &ldquo;<U>Merger Agreement</U>&rdquo;), by and among Buyer, Edify Merger Sub, Inc., a Nevada corporation
(&ldquo;<U>Merger Sub</U>&rdquo;) and Unique Logistics International, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;). The
parties hereby agree that the Letter Agreement is amended by this letter agreement (this &ldquo;<U>Amendment</U>&rdquo;) as follows:</P>

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<TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Amendments</U>. The Letter Agreement
 is amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text)
 and to add the bold and underlined text (indicated textually in the same manner as the following example:
 <U>bold and underlined text</U>) as set forth in paragraph 2 of this Amendment.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Amendment to Section 4 (Forfeiture of Sponsor Shares)</U>. Section 4
of the Letter Agreement shall be replaced in its entirety by the following:</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&ldquo;<U>Forfeiture
of Sponsor Shares</U>. Upon and subject to the Closing, and immediately following the automatic conversion of the Buyer Class B
Common Stock into Buyer Class A Common Stock, 1,713,139 shares of Buyer Class A Common Stock owned by the Sponsor the Forfeited
Shares shall be automatically forfeited to Buyer, without any further action by any Person, and shall be cancelled and retired, and
the Sponsor shall not have any rights with respect thereto. The &ldquo;Forfeited Shares&rdquo; means a number of shares of Buyer
Class A Common Stock owned by the Sponsor equal to (x) 1,713,139 minus (y) the product of (A) 150,000 and (B) the DDTL Increase
Utilization Rate. The &ldquo;DDTL Increase Utilization Rate&rdquo; means a percentage equal to (1) the aggregate principal amount of
the DDTL Increase 1 and DDTL Increase 2 (if any) drawn by the Company at the Closing pursuant to the Financing Agreement divided by
(2) 1,500,000. The defined terms DDTL Increase 1 and DDTL Increase 2 shall have the meanings ascribed to such terms in that certain
Financing Agreement, dated as of March 10, 2023 as amended as of the date hereof by that certain Waiver and Amendment No. 1 to
Financing Agreement, by and among the Company, the Borrowers party thereto, CB Agent Services LLC, a Delaware limited liability
company, Alter Domus (US) LLC, a Delaware limited liability company, and the Lenders party thereto (the &ldquo;<U>Financing
Agreement</U>