AMERI Holdings, Inc. (OTCMKTS:AMRH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On August 28, 2017, Ameri Holdings, Inc. (the “Company”) entered into a Consent, Waiver and Amendment No. 7 to Loan and Security Agreement (the “Amendment”) by and among the Company, certain of its subsidiaries as borrowers and guarantors thereunder, the Company’s Chief Executive Officer, Giri Devanur, serving as a validity guarantor, and Sterling National Bank, N.A. (as lender and as agent, “Sterling”), effective as of August 22, 2017. The Amendment amends the terms of the Company’s Loan and Security Agreement (the “Loan Agreement”), dated as of July 1, 2016, as amended, by and among the Company, the borrowers and guarantors thereto and Sterling (the “Agreement”). Among other things, the Amendment provides for the making by Sterling of an incremental term loan to the borrowers under the Loan Agreement in the principal amount of $343,200.58, which amount shall be an addition to and comprise a part of the existing term loan under the Loan Agreement.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description |
| 10.1 | Consent, Waiver and Amendment No. 7 to Loan and Security Agreement, dated as of August 22, 2017, by and among Ameri Holdings, Inc., certain subsidiaries of Ameri Holdings, Inc., Giri Devanur and Sterling National Bank. |
AMERI Holdings, Inc. ExhibitEX-10.1 2 ex101to8k10211002_082817.htm LOAN AMENDMENT NO. 7 Exhibit 10.1 CONSENT,…To view the full exhibit click here