EX-10.1
from 8-K
5 pages
Date April 15, 2020 Note Amount $10,000,000 Borrower Calamp Corp. Lender Jpmorgan Chase Bank, N.A. 1. Promise to Pay. Borrower Promises to Pay to the Order of Lender the Note Amount, Plus Interest on the Unpaid Principal Balance at the Note Rate, and All Other Amounts Required by This Note. 2. Definitions. 3. Conditions Precedent to Funding of Loan. Before the Funding of the Loan, the Following Conditions Must Be Satisfied: A. Lender Has Approved the Request for the Loan. B. Lender Has Received Approval From Sba to Fund the Loan. 4. Payment Terms. Borrower Will Pay This Note as Follows: A. No Payments During Deferral Period. There Shall Be No Payments Due by Borrower During the Deferral Period. Docusign Envelope Id: 78db88be-9794-4a1d-Bcf9-220f69ac04c3
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EX-10.10
from 10-K
4 pages
The Parties Agree to Amend the Loan and Security Agreement Between Borrower and Lender (As Successor in Interest by Merger to Square 1 Bank), Dated December 22, 2009 (As Amended, the “Loan Agreement”), as Follows, Effective as of the Date Hereof. (Capitalized Terms Used but Not Defined in This Amendment, Shall Have the Meanings Set Forth in the Loan Agreement.) 1. New Maturity Date. Section 4 of the Schedule to the Loan Agreement Is Amended to Read as Follows: 4. Maturity Date (Section 6.1): June 1, 2017. 2. Modified Outside Bank Account Cap. Section 8(c-1) of the Schedule to Loan and Security Agreement, That Presently Reads as Follows: (C-1) Outside Bank Account Cap. as Used Herein, the “Outside Bank Account Cap” Means: (1) $22,500,000 During Any Fiscal Month of Borrower If, at the End of the Prior Fiscal Month, the Total of Borrower’s “Sq1 Cash” (As Defined Below), Plus Borrower’s “Excess Availability” (As Defined Below) Was Greater Than $4,000,000; and (2) $500,000 During Any Fiscal Month If, at the End of the Prior Fiscal Month, the Total of Borrower’s Sq1 Cash, Plus Borrower’s Excess Availability Was Equal to or Less Than $4,000,000
12/34/56