On January 8, 2014, KVH Industries Inc. and Bank of America Corporation ('the Lender') entered into the Ninth Amendment and Note Modification Agreement ('the Amendment') to the Amended and Restated Credit and Security Agreement, dated July 17, 2003 (as amended to date, 'the Credit Agreement') and the Amended and Restated Revolving Credit Note, dated May 9, 2013 in the amount of $30.0 million (as may be further amended, restated or replaced, the Note). The Amendment extended the maturity date of the Credit Agreement and the Note from December 31, 2014 to December 31, 2015. Although the Amendment was signed on January 8, 2014, the parties made it effective as of December 31, 2013.