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I.
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The
second paragraph of Article I.
CREDIT
FACILITY,
Section 1.2 Credit
Extension Limit,
is hereby deleted in its entirety, and the following substituted
therefor:
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| (a) |
Sight
Commercial Letters of Credit
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|
| (b) |
Usance
Commercial Letters of Credit including
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|
| (1) Acceptances | ||
| (c) | Standby Letters of Credit.” |
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II.
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The
REPORTS,
Borrowing Base Certificate
section of EXHIBIT
A, ADDENDUM TO CREDIT AGREEMENT
is
hereby deleted in its entirety, and the following substituted
therefor:
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|
III.
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The
REPORTS,
Projections
section of EXHIBIT
A, ADDENDUM TO CREDIT AGREEMENT
is
hereby deleted in its entirety, and the following substituted
therefor:
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|
“Projections:
Not later than sixty (60) calendar days after each of Borrower’s fiscal
years, a projection in form and substance satisfactory to Trade
Bank.”
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IV.
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The
REPORTS,
Credit Insurance Policy
section of EXHIBIT
A, ADDENDUM TO CREDIT AGREEMENT
is
hereby deleted in its entirety, and the following substituted
therefor:
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V.
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“Lender’s
address “as noted on Page 14, shall be deleted in its entirety and the
following substituted therefor:
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VI.
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EXHIBIT
B, REVOLVING CREDIT FACILITY SUPPLEMENT
shall be deleted in its entirety, and the attached EXHIBIT
B, REVOLVING CREDIT FACILITY SUPPLEMENT,
all terms of which are incorporated herein by this reference, shall
be
substituted therefor.
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| INFOSONICS CORPORATION |
WELLS FARGO HSBC TRADE BANK,
NATIONAL
ASSOCIATION
|
|
| By: /s/ Jeffrey Klausner | By: /s/ Naseem Aboudaher | |
|
Jeffrey
Klausner
Title:
Chief Financial Officer
|
Naseem
Aboudaher
Assistant
Vice President
|
| WELLS FARGO HSBC TRADE BANK |
|
· Sight
Commercial Letters of Credit
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|
|
· Usance
Commercial Letters of Credit
|
|
|
· Standby
Letters of Credit
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|
· Sight
Commercial Letters of Credit Facility
· Usance
Commercial Letters of Credit
Facility
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| · |
Revolving
Credit Loans Note:
The term and prepayment conditions of the Loans under Revolving Credit
Facility are set forth in Revolving Credit Loans
Note.
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| · |
Loans
under Revolving Credit Facility:
All outstanding Loans
under Revolving Credit Facility
will bear interest at the following
rate:
|
| · |
Sight
Commercial Credits
and Usance
Commercial Credits:
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| · |
Standby
Credits:
|
| · |
Sight
Commercial Credits:
|
| · |
Usance
Commercial Credits:
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| · |
Standby
Credits:
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