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Quotes & Info
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| LOAN > SEC Filings for LOAN > Form 8-K on 19-Feb-2013 | All Recent SEC Filings |
19-Feb-2013
Entry into a Material Definitive Agreement, Other Events, Financial
On January 31, 2013, the Registrant amended its Line of Credit Agreement with Sterling National Bank ("Sterling"), dated May 2, 2012, pursuant to which Sterling agreed to increase its credit line from $3.5 million to $5 million (the "Amendment"). In connection with the Amendment, Assaf Ran, president and chief executive officer of the Registrant, agreed to increase his personal guaranty of the credit line to $5 million.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment filed as Exhibit 10.1 to this Current Report on Form 8-K.
On February 4, 2013, the Registrant issued a press release announcing the increase to $5 million of its line of credit from Sterling, which press release is Exhibit 99.1 hereto.
(d) Exhibits
Exhibit No. Description
10.1 Amendment Agreement, dated January 31, 2013, between the
Registrant, Assaf Ran and Sterling National Bank.
99.1 Press Release, dated February 4, 2013.
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