Letter Agreement Extending Revolving Line of Credit Between IRIS International, Inc. and California Bank & Trust
IRIS International, Inc. and California Bank & Trust have agreed to extend the maturity date of their existing revolving line of credit agreement. The new maturity date is August 31, 2010. This extension modifies the original agreement dated March 24, 2006, and applies to all related amendments and modifications. No other terms of the loan are changed by this letter agreement.
Exhibit 10.2
[California Bank & Trust]
June 9, 2010
Marty McDermut
Chief Financial Officer
IRIS International, Inc.
9172 Eton Avenue
Chatsworth, CA 91311
| Re: | 60 – Day Extension to the RLOC |
Dear Marty;
Reference is made to that certain Business Loan Agreements dated as of March 24, 2006 for the revolving line of credit entered into between IRIS International, Inc. (“Company”) and California Bank & Trust (“Bank”), together with any and all amendments, modifications, restated loan agreements, and riders (collectively, the “Revolving Loan Agreement”) governing certain terms and conditions therein.
Bank hereby extends the maturity of the Revolving Loan Agreement to August 31, 2010.
Please give me a call if you have any questions regarding this matter.
| Sincerely, |
| /s/ Joe Lim |
| Joe Lim |
| Vice President |
