Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LANTRONIX INC amended Letter Agreement with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank)) (effective 2023-04-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank))
- Effective
- 2023-04-03
Exact text from the filing
On April 3, 2023, Lantronix, Inc. ( “Lantronix”), Lantronix Holding Company, Lantronix Technologies Canada (Taiwan) Ltd., Lantronix Canada, ULC, Transition Networks, Inc., and Uplogix, Inc. (collectively, the “Borrowers”) entered into a Letter Agreement (the “Letter Agreement”) with Silicon Valley Bank, a Division of First-Citizens Bank & Trust Company (successor by purchase to the Federal Deposit Insurance Corporation as receiver for Silicon Valley Bridge Bank, N.A. (as successor to Silicon Valley Bank)) (“SVB”). Among other matters, the Letter Agreement amends that certain Third Amended and Restated Loan and Security Agreement, dated as of August 2, 2021, as amended by the First Amendment to Third Amended and Restated Loan and Security Agreement, dated as of October 21, 2021, the Second Amendment to Third Amended and Restated Loan and Security Agreement, dated as of February 15, 2022, and the Third Amendment to Third Amended and Restated Loan and Security Agreement, dated as of Septe
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