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TLF > SEC Filings for TLF > Form 8-K on 25-Jun-2014All Recent SEC Filings

Show all filings for TANDY LEATHER FACTORY INC

Form 8-K for TANDY LEATHER FACTORY INC


25-Jun-2014

Entry into a Material Definitive Agreement


Item 1.01 Entry into a Material Definitive Agreement.

On June 23, 2014, Tandy Leather Factory, Inc., through its wholly-owned subsidiary, The Leather Factory, L.P. (the "Company"), executed a Note Modification Agreement ("Agreement"), dated as of June 19, 2013, with JPMorgan Chase Bank, N.A. ("JPMorgan Chase Bank"). The purpose of the Agreement is to increase the maximum amount available under the Company's existing revolving credit facility with JPMorgan Chase Bank from $4,000,000 to $6,000,000 and to extend the maturity date thereunder from June 30, 2014 to June 30, 2015. All other terms remain unchanged.

The Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The description of the Agreement contained herein is qualified in its entirety by reference to the full text of the Agreement.

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