MODIFICATION NO 1. TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 9th, 2015 • Sonic Foundry Inc • Radio & tv broadcasting & communications equipment • California
This Modification No. 1 to Loan and Security Agreement (this “Modification”) is entered into as of September 30, 2015 (the “Modification Effective Date”), by and between Partners for Growth IV, L.P., a Delaware limited partnership with its principal place of business at 150 Pacific Avenue, San Francisco, California 94111 (“PFG”) and Sonic Foundry, Inc., a Maryland corporation with its principal place of business at 222 W. Washington Avenue, Madison, WI 53703 (“Borrower”). This Modification amends that certain Loan and Security Agreement between PFG and Borrowers dated as of May 14, 2015 (the “Loan Agreement”). The Loan Agreement is modified herein for the purposes of adjusting the financial covenants set forth in Section 5 of the Schedule and related terms and definitions.
SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 9th, 2015 • Sonic Foundry Inc • Radio & tv broadcasting & communications equipment
This Sixth Amendment to Second Amended and Restated Loan and Security Agreement (this “Amendment”) is entered into this 5th day of October, 2015 (the “Sixth Amendment Effective Date”), by and between Silicon Valley Bank (“Bank”), SONIC FOUNDRY, INC., Maryland corporation (“Sonic Foundry”), and SONIC FOUNDRY MEDIA SYSTEMS, INC., a Maryland corporation (“Sonic Systems” and together with Sonic Foundry, jointly and severally, individually and collectively, the “Borrower”).
