Summary of ALANCO TECHNOLOGIES INC

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ALAN > SEC Filings for ALAN > Form 8-K on 22-Jan-2009

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Form 8-K for ALANCO TECHNOLOGIES INC

22-Jan-2009

Creation of a Direct Financial Obligation or an Obligation under an Off-B

Item 2.03 Creation of a Direct Financial Obligation

On January 16, 2009, the Company executed an amendment to its Line of Credit Agreement with a trust, among other things, increasing the Line of Credit by $750,000.

Donald Anderson, a Trustee of the Trust, is a member of the Company's Board of Directors and owns approximately 13% of the Company's Stock.

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