Monday, November 30, 2020 5:38:08 PM
Tenth Amendment to Loan and Security Agreement
On November 30, 2020, Creative Realities, Inc. (the “Company”) entered into a Tenth Amendment to Loan and Security Agreement (the “Amendment”) with its subsidiaries and Slipstream Communications, LLC (“Lender”). Pursuant to the Amendment, the parties agreed to extend the date on which the Lender’s existing $2,000,000.00 special loan to the Company (with accrued and unpaid interest) automatically converts into a new class of senior preferred stock of the Company, from November 30, 2020 to December 31, 2020 (or upon an earlier event of default).
The Amendment is filed as Exhibit 10.1 to this report, and the foregoing description is qualified in its entirety by reference thereto.
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