Mediaboss Marketing

Item 1.01 Entry into a Material Definitive Agreement.

As previously reported, the Company is party to a Loan and Security Agreementwith North Mill Capital, LLC ("North Mill"), as successor in interest to SummitFinancial Resources, L.P., dated effective February 27, 2017, as amended April16, 2018, April 24, 2019 and December 18, 2020 (as amended, the "CreditAgreement"). The Company's obligations under the Credit Facility are secured byall of the Company's personal property, both tangible and intangible, pursuantto the terms and subject to the conditions set forth in the Credit Agreement.Availability of funds under the Credit Agreement is based on the Company'saccounts receivable and inventory but will not exceed $4,000,000.

Effective October 7, 2021, the Company and North Mill amended the CreditAgreement to increase the availability under the loan based on inventory. Underthe amendment, minimum availability under the loan based on inventory shall bethe lowest of: (i) the total cost eligible inventory multiplied by the advancerate; (ii) one hundred percent (100%) of the current availability provided byeligible accounts receivable; (iii) two million dollars ($2,000,000), anincrease from the prior amount of $1,000,000. The inventory advance rate remainsat 25%. This increase in borrowing capacity will allow the Company to increaseits borrowing under the Credit Agreement to meet its working capital needs, notto exceed the $4,000,000 maximum which remains unchanged.

The minimum monthly payment will remain .25% (25 basis points) on the maximumavailability ($10,000 per month). In the event the Company prepays or terminatesthe Credit Facility prior to February 27, 2022, the Company will be obligated topay an amount equal to the minimum monthly payment multiplied by the number ofmonths remaining between February 27, 2022 and the date of such prepayment ortermination. The maturity remains February 27, 2023, at which time all amountsoutstanding will be due and payable. Total availability under the creditagreement remains at $4,000,000.

The foregoing summary of the Credit Agreement is qualified in its entirety byreference to the Fourth Amendment to Loan and Security Agreement, a copy ofwhich is filed herewith as Exhibit 99.1, and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.

The information related to the Credit Agreement discussed under Item 1.01 setforth above is hereby incorporated by reference under this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

Edgar Online, source Glimpses

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ALLIED HEALTHCARE PRODUCTS INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an...