Item 1.01 Entry into a Material Definitive Agreement.
On
As background, the Company and Comerica are parties to a Loan and Security
Agreement dated
The Fourth Amendment to the Loan Agreement extends the previously extended
maturity date of the Loan Agreement from
Except for extending the maturity date as described above, the Fourth Amendment does not amend any other term of the Loan Agreement in any material respect.
The foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
The original Loan Agreement is filed as Exhibit 10.1 to the Company's Quarterly
Report on Form 10-Q for the period ended
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
All information set forth in Item 1.01 of this Current Report on Form 8-K is hereby incorporated herein by referenced.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit 10.1 Fourth Amendment to Loan and Security Agreement datedMay 31, 2022 betweenMobileSmith, Inc. andComerica Bank . 10.2 Loan and Security Agreement datedJune 9, 2014 betweenMobileSmith, Inc. andComerica Bank (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q filed with theSecurities and Exchange Commission onAugust 13, 2014 ). 2
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