FIRST LOAN MODIFICATION AGREEMENTFirst Loan Modification Agreement • March 25th, 2016 • VirtualScopics, Inc. • Surgical & medical instruments & apparatus
This First Loan Modification Agreement (this “Loan Modification Agreement”) is entered into as of March 24, 2016, by and among (a) SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at 275 Grove Street, Suite 2-200, Newton, Massachusetts 02466 (“Bank”) and (b) (i) VIRTUALSCOPICS, INC., a Delaware corporation with its principal place of business at 500 Linden Oaks, 2nd Floor, Rochester, New York 14625 (“Parent Borrower”), and (ii) VIRTUALSCOPICS NEW YORK, LLC, a New York limited liability company with its principal place of business at 500 Linden Oaks, 2nd Floor, Rochester, New York 14625 (“Subsidiary Borrower”) (Parent Borrower and Subsidiary Borrower are, individually and collectively, jointly and severally, “Borrower”).
