SEC Contract Filing

Filing Date: 2020-03-17

Document Content:
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<TYPE>EX-10.17
<SEQUENCE>6
<FILENAME>ex10-17.htm
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.17</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REVOLVING
CREDIT NOTE</FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: left; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$7,500,000</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February
 25, 2020</FONT></TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
 York, New York</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FOR
VALUE RECEIVED,</B> the undersigned (&ldquo;Borrower&rdquo;), promises to pay to the order of MIZRAHI TEFAHOT BANK LTD. (&ldquo;Payee&rdquo;;
Payee, together with any other holder hereof, sometimes referred to herein as the &ldquo;Holder&rdquo;), at the office of Agent
(defined below) located at 360 Lexington Avenue, New York, New York 10017 or at such other place as Payee may from time to time
designate to Borrower in writing, the principal sum of SEVEN MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($7,500,000), or
such lesser amount as may be outstanding under Revolving Advances made pursuant to the Credit Agreement (defined below), at such
time or times as are provided in the Credit Agreement (defined below) and, in any event, on the last day of the Term, subject
to acceleration upon the occurrence of an Event of Default under the Credit Agreement or earlier termination of the Credit Agreement
pursuant to the terms thereof, together with interest on the unpaid principal balance hereof from the date hereof until the payment
in full of this Revolving Credit Note (this &ldquo;Note&rdquo;) at the rate specified with respect to the Revolving Advances in
the Credit Agreement, payable at the times and in the manner provided in the Credit Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
is contemplated that the principal sum evidenced hereby may be reduced from time to time as a result of the repayment of Revolving
Advances and that additional Revolving Advances may be made from time to time but not to exceed the Maximum Revolving Amount,
as provided in the Credit Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Note is one of the &ldquo;Revolving Credit Notes&rdquo; issued to evidence the Revolving Advances being made available by Payee
to Borrower pursuant to the provisions of the Amended and Restated Credit and Security Agreement, dated as August 8, 2017 (herein,
as at any time amended, modified or supplemented, called the &ldquo;Credit Agreement&rdquo;; capitalized terms used herein and
not defined herein having the meanings assigned to them in the Credit Agreement), among the Borrower, the other Loan Parties identified
therein, the financial institutions identified therein (each a &ldquo;Lender&rdquo; and collectively, the &ldquo;Lenders&rdquo;)
and Webster Business Credit Corporation (&ldquo;WBCC&rdquo;) as a Lender and agent for all other Lenders (WBCC, in such capacity,
&ldquo;Agent&rdquo;) to which reference is hereby made for a statement of the terms, conditions and covenants under which the
indebtedness evidenced hereby was made and is to be repaid, including, but not limited to, those rel