Exhibit 10.19
AGREEMENT OF TERMINATION
OF
AMENDED AND RESTATED INVENTORY FINANCING AND SECURITY AGREEMENT
AND CREDIT BALANCE AGREEMENT
I. THE PARTIES TO THIS AGREEMENT
This Agreement of Termination of Amended and Restated Inventory Financing and Security Agreement and Credit Balance Agreement (“Termination Agreement”) is effective as of March 12, 2024 (the “Effective Date”), and is made by and among the following parties:
II. THE RECITALS
The essential facts relied on by Bank, Ally, Dealership and Vroom as true and complete, and giving rise to this Termination Agreement, are as follows:
Agreement of Termination of IFSA and CBA 1
Exhibit 10.19
III. THE AGREEMENT
Bank, Ally, Dealership and Vroom hereby acknowledge and agree as follows:
Agreed to as of the Effective Date.
Ally Bank
By: /s/ Cindy Balint
Name: Cindy Balint
Title: Authorized Representative
Date: March 12, 2024
| Vroom Automotive, LLC
By: /s/ Robert R. Krakowiak
Name: Robert R. Krakowiak
Title: Chief Financial Officer
Date: March 12, 2024
|
Ally Financial Inc.
By: /s/ Cindy Balint
Name: Cindy Balint
Title: Authorized Representative | Vroom, Inc.
By: /s/ Robert R. Krakowiak
Name: Robert R. Krakowiak
Title: Chief Financial Officer |
Agreement of Termination of IFSA and CBA 2
Exhibit 10.19
Date: March 12, 2024 |
Date: March 12, 2024 |
Agreement of Termination of IFSA and CBA 3