Perceptron Inc/MI Watch

from 10-K 2 pages Perceptron Inc. (“Borrower” or “You”) Received a Small Business Administration (The “Sba”) Paycheck Protection Program Loan, Account Number Ending in *1081 (The “Ppp Loan”), From Tcf National Bank (“Tcf” or “We”) and Signed a Promissory Note (The “Note”) to Evidence Your Ppp Loan. the Note Requires That You Begin Making Monthly Payments of Principal and Interest on the Ppp Loan on the First (1st) Day of the Month That Follows the Date That Is Six Months After the Ppp Loan Date as Set Forth on the Note. All Payments of Principal and Interest During the Six-Month Period Following the Ppp Loan Date Were Deferred. However, the Paycheck Protection Program Flexibility Act of 2020, Signed Into Law on June 5, 2020 (The “Flexibility Act”), Now Allows Borrower to Determine Expenses Eligible for Forgiveness on Its Ppp Loan for an Extended Period That Starts on the Ppp Disbursement Date and Ends 24 Weeks After the Ppp Disbursement Date. Under the Flexibility Act, the Period During Which Borrower’s Ppp Loan Payments Are Deferred Is Also Extended. Accordingly, Tcf Hereby Agrees That, Notwithstanding the Terms of the Note, All Payments of Principal and Interest on the Note Will Now Be Deferred Until the Earliest of the Following Dates (“Deferral End Date”): A. the Date That We Receive Payment From the Sba of the Forgiveness Amount, if Any, Determined for Your Ppp Loan; B. the Date That It Is Determined That Your Ppp Loan Is Not Eligible for Any Forgiveness; And

from 10-K 5 pages Amendment No. 2 to Credit Agreement

from 10-Q 4 pages Amendment No. 1 to Credit Agreement and Waiver

from 8-K 49 pages Loan Agreement Dated as of December 4, 2017 Chemical Bank

from 10-K ~1 page This Waiver Shall Not Be Deemed to Amend or Alter in Any Respect the Terms and Conditions of the Credit Agreement, or to Constitute a Waiver or Release by the Bank of Any Right, Remedy Default or Event of Default Under the Credit Agreement, Except to the Extent Expressly Set Forth Above. Furthermore, This Waiver Shall Not Affect in Any Manner Whatsoever Any Rights or Remedies of the Bank With Respect to Any Other Non-Compliance by the Company With the Credit Agreement or the Loan Documents Whether in the Nature of an Event of Default or Otherwise, and Whether Now in Existence or Subsequently Arising. Except as Specifically Defined to the Contrary Herein, Capitalized Terms Used in This Waiver Shall Have the Meanings Given Them in the Credit Agreement. Very Truly Yours,  Comerica Bank    By:/S/ Norman L. Bird  Its: Senior Vice President

from 10-Q ~5 pages This Waiver Shall Not Be Deemed to Amend or Alter in Any Respect the Terms and Conditions of the Credit Agreement, or to Constitute a Waiver or Release by the Bank of Any Right, Remedy Default or Event of Default Under the Credit Agreement, Except to the Extent Expressly Set Forth Above. Furthermore, This Waiver Shall Not Affect in Any Manner Whatsoever Any Rights or Remedies of the Bank With Respect to Any Other Non-Compliance by the Company With the Credit Agreement or the Loan Documents Whether in the Nature of an Event of Default or Otherwise, and Whether Now in Existence or Subsequently Arising. Except as Specifically Defined to the Contrary Herein, Capitalized Terms Used in This Waiver Shall Have the Meanings Given Them in the Credit Agreement.  Very Truly Yours,  Comerica Bank    By: /S/ Lydia R. Mansoor  Its: Officer 

from 8-K 5 pages Ninth Amendment to Credit Agreement and Consent

from 10-Q ~5 pages This Waiver Shall Not Be Deemed to Amend or Alter in Any Respect the Terms and Conditions of the Credit Agreement, or to Constitute a Waiver or Release by the Bank of Any Right, Remedy Default or Event of Default Under the Credit Agreement, Except to the Extent Expressly Set Forth Above. Furthermore, This Waiver Shall Not Affect in Any Manner Whatsoever Any Rights or Remedies of the Bank With Respect to Any Other Non-Compliance by the Company With the Credit Agreement or the Loan Documents Whether in the Nature of an Event of Default or Otherwise, and Whether Now in Existence or Subsequently Arising. Except as Specifically Defined to the Contrary Herein, Capitalized Terms Used in This Waiver Shall Have the Meanings Given Them in the Credit Agreement. Very Truly Yours,  Comerica Bank    By: /S/ Lydia R. Mansoor  Its: Officer 

from 10-Q ~5 pages This Waiver Shall Not Be Deemed to Amend or Alter in Any Respect the Terms and Conditions of the Credit Agreement, or to Constitute a Waiver or Release by the Bank of Any Right, Remedy Default or Event of Default Under the Credit Agreement, Except to the Extent Expressly Set Forth Above. Furthermore, This Waiver Shall Not Affect in Any Manner Whatsoever Any Rights or Remedies of the Bank With Respect to Any Other Non-Compliance by the Company With the Credit Agreement or the Loan Documents Whether in the Nature of an Event of Default or Otherwise, and Whether Now in Existence or Subsequently Arising. Except as Specifically Defined to the Contrary Herein, Capitalized Terms Used in This Waiver Shall Have the Meanings Given Them in the Credit Agreement. Very Truly Yours,  Comerica Bank    By: /S/ Norman L. Bird  Its: Svp 

from 8-K 6 pages Eighth Amendment to Credit Agreement

from 8-K 5 pages Seventh Amendment to Credit Agreement and Consent

from 8-K 7 pages Sixth Amendment to Credit Agreement

from 8-K 3 pages Fifth Amendment to Credit Agreement

from 8-K 3 pages Fourth Amendment to Credit Agreement

from 8-K 3 pages Third Amendment to Credit Agreement

from 8-K 3 pages Second Amendment to Credit Agreement

from 8-K 7 pages First Amendment to Credit Agreement

from 8-K 30 pages Perceptron, Inc. Amended and Restated Credit Agreement Dated as of November 16, 2010 Comerica Bank Amended and Restated Credit Agreement

from 8-K 3 pages Thirteenth Amendment to Credit Agreement

from 8-K 3 pages Twelfth Amendment to Credit Agreement