TransAct extends loan maturity to 2025; new springing cash control triggered at $5M

TRANSACT TECHNOLOGIES INC

Maturity extended from March 13, 2023 to March 13, 2025 via Amendment No. 2 with Siena Lending Group.
New 'springing' deposit account control: TransAct controls cash unless Excess Availability + cash < $5M for 3 days.
Minimum borrowings of $2.25M required while TransAct controls deposit account; otherwise interest on $2.25M.
Amendment fee $25,000; early termination premium: 2% before Mar 2023, 1% before Mar 2024, 0% after.
Collateral monitoring fee: $62,000 unpaid balance payable $2,000/month plus remainder at maturity.

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