EX-10
from 10-Q
1 page
Re: First Amendment to Loan Agreement Dated February 13, 2009 (“Loan Agreement” Pertaining to Loan #8126863 in the Stated Principal Amount of $2,500,000) Referencing and Amending a Certain Loan Agreement Dated February 13, 2008 Between Enterprise Bank & Trust (“Lender”) and Digital Ally, Inc (“Borrower”). Dear Mr. Ross: This Letter Will Confirm That Borrower and Bank Have Agreed as Follows: The Following Is Hereby Deleted From the Loan Agreement: Item 2: Borrower Shall Maintain a Minimum Tangible Net Worth of Not Less Than $15,000,000.00 This Covenant Shall Be Measured on a Quarterly Basis. the Following Is Herby Added to the Loan Agreement: This Letter May Be Validly Executed and Delivered by Fax, E-Mail or Other Electronic Means and by Use of Multiple Counterpart Signature Pages. Very Truly Yours, Enterprise Bank & Trust By: Taylor Miller Senior Vice President Agreed To: Digital Ally, Inc By: Stanton E. Ross Chairman and CEO
12/34/56