Item 1.01. Entry into a Material Definitive Agreement.
On
The Amendment, among other things, extends the Revolving Line Maturity Date (as
defined in the Loan Agreement) to
In connection with the Amendment, the Lender agreed to include certain additional accounts receivable of the Company in the calculation of the Borrowing Base (as defined in the Loan Agreement).
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, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information disclosed in Item 1.01 above is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 First Amendment to Loan and Security Agreement, dated as ofJanuary 14, 2021 , by and betweenSilicon Valley Bank andAehr Test Systems .
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