LOAN NAME
Exhibit 4.1
| LOAN NUMBER | LOAN NAME | ACCT. NUMBER | ORIGINAL AGREEMENT DATE | |||||
| 156809 | Optical Cable Corporation | 19398 | 9/22/06 | |||||
| NOTE AMOUNT | INDEX (w/Margin) | MATURITY DATE | LOAN PURPOSE | |||||
| $5,000,000.00 | 30 day LIBOR plus 2.150% | 2/28/08 | Commercial | |||||
AMENDMENT #1 TO COMMERCIAL LOAN AGREEMENT
(Commercial – Revolving Draw)
DATE AND PARTIES. The date of this Amendment #1 to Commercial Loan Agreement (hereafter “Amended Agreement”) is February 29, 2008. The parties and their addresses are as follows:
| LENDER: | BORROWER: | |
| VALLEY BANK | OPTICAL CABLE CORPORATION | |
| 36 W. Church Ave. S.W. Roanoke, Virginia 24011 | a Virginia Corporation 5290 Concourse Drive Roanoke, Virginia 24019 |
WHEREAS, by mutual agreement the parties desire to modify certain terms of that Commercial Loan Agreement dated September 22, 2006 (“Original Agreement”),
NOW THEREFORE, in exchange for mutual consideration, the sufficiency of which is hereby acknowledged, the parties agree that the Original Agreement is hereby supplemented, amended, corrected, and restated as follows:
| 1) | The Original Agreement is hereby extended through April 28, 2008. |
| 2) | Except as supplemented, amended, and corrected herein, all of the terms and conditions of the Original Agreement otherwise remain in full force and effect. |
SIGNATURES. By signing under seal, the parties hereby agree to the extension contained in this Agreement. The parties hereto also acknowledge receipt of a copy of this Amended Agreement.
| BORROWER: | LENDER: | |||||||||
| Optical Cable Corporation | Valley Bank | |||||||||
| By: | /s/ Tracy G. Smith | (Seal) | By: | /s/ Scott Leffel | (Seal) | |||||
| Name: | Tracy G. Smith | Name: | Scott Leffel | |||||||
| Title | Vice President and CFO | Title: | Vice President | |||||||
