ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Effective August 21, 2009, the Company's wholly owned subsidiary ESW Canada, Inc. (the "Borrower"), entered into an amendment to its secured commercial loan agreement (the "Agreement") with Royal Bank of Canada ("RBC") extending the term of the Agreement through April 30, 2010. The revolving facility available under the Agreement provides for up to $750,000 to finance future production orders (the "Credit Facility"). The Credit Facility is guaranteed by the Company and its subsidiary ESW Canada by pledge of their assets to secure RBC. The Credit Facility will bear interest at a base rate of one and a half percentage (1 1/2%) points above the Canadian prime rate. Under the Credit Facility, the Company and its subsidiary are responsible for customary cost and expenses and are subject to certain loan covenants.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

See Item 1.01 above.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits furnished with this report:

10.49 Form of Letter Agreement Amendment to Secured Commercial Loan Agreement by and between ESW Canada, Inc and Royal Bank of Canada dated as of August 21, 2009.