Item 1.01 Entry into a Material Definitive Agreement.
On
Pursuant to the Eighth Amendment, the Lender waived certain Events of Default of the Borrowers under the Loan Agreement, reduced the aggregate limit of the loans and extended the termination date as follows:
(i) waived the events of default for the Company not meeting the minimum quarterly EBITDA for the twelve months endedSeptember 30, 2021 ; (ii) reduced the aggregate limit of the loans reducing the annual salary of offered pursuant to the Loan Agreement President and ChairmanMark Brooks (the "Loans") to$2,550,000 ; to not exceed$550,000 ; (iv) extending the termination date of the loan toFebruary 4, 2022 .
The foregoing description of the Eighth Amendment does not purport to be complete and are qualified in their entirety by reference to the full text of the Eighth Amendment, which is filed herewith as Exhibit 10.2, and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Amended and Restated Business Loan Agreement, datedDecember 31, 2017 , by and betweenZB, N.A. (d/b/aAmegy Bank ) as "Lender", andFuse Medical, Inc. andCPM Medical Consultants, LLC , as "Borrowers", incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed with theSEC onJanuary 11, 2018 . 10.2* Limited Waiver and Eighth Amendment to Amended and Restated Business Loan Agreement, datedNovember 4, 2021 , by and between Zions Bancorporation, N.A. dbaAmegy Bank , as "Lender", andFuse Medical, Inc. andCPM Medical Consultants, LLC , as "Borrowers". 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. 1
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