SiNtx Technologies Inc (SINT)

[boston745]

An interesting little tidbit, but when Amedica first signed the loan agreement with Hercules there was 0 prepayment penalty as long as they paid the loan off after the first year.

In 2015, when they renegotiated some of the terms, a prepayment penalty was added. 1.5% penalty if paid off before September 2016 & .75% penalty after September 2016. Its relatively small amount compared to the termination fee but still interesting that a fee was added. Almost like Amedica communicated that early payoff might occur.

When they do finally payoff the loan, that fee will be sub $20,000 depending on the remaining balance of loan at the time of payoff.

SweepsMcGee is the one that found the prepayment penalty.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133617807