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QUIK > SEC Filings for QUIK > Form 8-K on 18-Jun-2013All Recent SEC Filings




Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On June 14, 2013, QuickLogic Corporation (the "Company") entered into a Ninth Amendment to Second Amended and Restated Loan and Security Agreement (the "Agreement") with Silicon Valley Bank to extend the Agreement for one year through June 27, 2014. The Agreement requires the Company to maintain (i) a tangible net worth of at least $15,000,000, and (ii) unrestricted cash or cash equivalents in an amount of at least $8,000,000, each as tested as of the last day of each month.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached as Exhibit 10.36 hereto.

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