AMENDMENT NO. 2 TO CONVERTIBLE LOAN AGREEMENTConvertible Loan Agreement • January 2nd, 2014 • Hickok Inc • Industrial instruments for measurement, display, and control • Ohio
THIS AMENDMENT NO. 2 TO CONVERTIBLE LOAN AGREEMENT (“Amendment”), dated as of December 30, 2013, is made by and between Hickok Incorporated, an Ohio corporation (“Borrower”), and Roundball LLC, an Ohio limited liability company (“Roundball”). WHEREAS, the Borrower and Roundball are parties to that certain Convertible Loan Agreement dated December 30, 2011, as amended by Amendment No. 1 thereto dated December 30, 2012 (the “Agreement”), which among other things provides Roundball with the right, exercisable at its option, to cause the Borrower to borrow up to an additional $466.879.88 from it at any time prior to the Roundball/Borrower Option Maturity Date, and provides the Borrower with the right to cause Roundball to lend up to $250,000 to it on the terms and conditions applicable to any borrowings that may be made under the terms of Agreement pursuant to the exercise of the Roundball Option; and WHEREAS, the parties also desire to extend the Roundball/Borrower Option Maturity
