On January 28, 2020, Identiv, Inc. entered into an amendment to its Loan and Security Agreement with East West Bank. The Twelfth Amendment, retains the total credit amount of $20.0 million but includes a new term loan facility in a principal amount of $4.5 million, and the revolving loan facility under the Loan and Security Agreement was decreased to $15.5 million. The new term loan has an interest rate equal to the prime rate plus 2.25%, will amortize beginning February 1, 2020, with principal in the amount of $0.25 million due monthly through the first anniversary of the term loan, and the remainder due on such first anniversary. In addition, certain definitions in the Loan and Security Agreement were amended pursuant to the Twelfth Amendment, including the definition of EBITDA and Borrowing Base, and a new fixed charge coverage ratio financial covenant was added. Upon repayment of the new term loan in full, the revolving loan facility will be increased to $20.0 million and the fixed charge coverage ratio financial covenant will no longer apply.