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Re: Account 30-023815

Letter of Credit

Re:  Account 30-023815 | Document Parties: Info Tech USA, Inc., You are currently viewing:
This Letter of Credit involves

Info Tech USA, Inc.,

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Title: Re: Account 30-023815
Date: 5/19/2005
Industry: Computer Peripherals    

Re:  Account 30-023815, Parties: info tech usa  inc.
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Exhibit 10.1

 

[INGRAM MICRO INC. LETTERHEAD]

May 13, 2005




Mr.Bob Patterson, CFO
InfoTech USA, Inc.
7 Kingsbridge Road
Fairfield, NJ 07004

Re:  Account 30-023815

Dear Mr. Patterson:

We are pleased to advise you that Ingram Micro has recently increased the credit line of Info Tech USA, Inc., a New Jersey corporation, (“Customer”) to $500,000.00 . This credit line is subject to the following:

 

Terms:

Net 30

 

 

Interest:

Balances that are ten (10) days past due, i.e., not paid within forty (40) days of invoice, will be charged interest at the rate of 1 1/2% per month or the maximum provided by law, which ever is less, with the accrual date beginning on 31st day after the date of invoice.

 

 

Securi


 
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