Research Solutions amends SVB credit line: extends maturity to 2024, lowers rate, removes net worth covenant

Research Solutions, Inc.

Maturity of revolving line extended from original to February 28, 2024.
Interest rate reduced: Prime + 1% (min 5%) during Streamline Period; otherwise Prime + 1.5% (min 5.5%).
Tangible net worth covenant removed; Adjusted Quick Ratio threshold raised to >1.45:1.0 for Streamline Period.
Amendment effective February 28, 2022; lender is Silicon Valley Bank.

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