Amendment of Forbearance Extension under Loan and Security Agreement between Partners for Growth IV, L.P. and ActiveCare, Inc.
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Summary
This amendment extends the period during which Partners for Growth IV, L.P. agrees not to exercise its rights and remedies against ActiveCare, Inc. for existing loan defaults. The new forbearance period now ends on March 31, 2017, instead of February 15, 2017. All other terms of the previous forbearance agreement remain unchanged. The amendment is effective once ActiveCare signs the document and pays related expenses. This extension does not waive any defaults or obligations under the original loan agreement.
EX-10.4 5 exh10_4.htm AMENDMENT OF FORBEARANCE EXTENSION WITH PARTNERS FOR GROWTH IV, L.P. UNDER LOAN AND SECURITY AGREEMENT
Exhibit 10.4