eMagin Corporation (NYSEMKT:EMAN) Files An 8-K Entry into a Material Definitive Agreement

eMagin Corporation (NYSEMKT:EMAN) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01 of the Original Form 8-K to reflect that the Financing
Agreements borrowing base includes eligible inventory as well as
eligible accounts receivable, and that the Financing Agreement is
not secured by the Companys intellectual property. This Form
8-K/A amends and restates in its entirety Item 1.01 of the
Original Form 8-K. No other changes were made to the Original
Form 8-K. References to the exhibits in this Form 8-K/A are
references to the exhibits filed with the Original Form 8-K.

Item 1.01. Entry into a Material Definitive Agreement

On December 21, 2016, eMagin Corporation (the Company) entered
into a Financing Agreement with Rosenthal Rosenthal, Inc.
(Rosenthal) that provides for up to a maximum amount of $5
million based on a borrowing base equivalent to the sum of a) 85%
of eligible accounts receivable and b) the lesser of $2 million
or 50% of eligible inventory (the Financing Agreement). The
interest on the Financing Agreement is equal to the Prime Rate
plus 3% but may not be less than 6.5% with a minimum monthly
interest payment of $2,000. The Company shall pay Rosenthal an
annual facility fee equal to 1% of the maximum amount borrowable
under the facility. The Financing Agreement will automatically
renew on December 31, 2019 for a one year term unless written
notice to terminate the Financing Agreement is provided by either

The Financing Agreement is secured by a lien on all receivables,
property and the proceeds thereof, credit insurance policies and
other insurance relating to the collateral, books, records and
other general intangibles, inventory and equipment, proceeds of
the collateral and accounts, instruments, chattel paper, and
documents. The Financing Agreement is not secured by the Companys
intellectual property.

The financing agreement contains customary representations and
warranties, affirmative and negative covenants and events of

About eMagin Corporation (NYSEMKT:EMAN)

eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field. The Company’s virtual imaging products integrate OLED technology with silicon chips to produce microdisplays smaller than one-inch diagonally, which when viewed through a magnifier, create virtual images that appear comparable in size to that of a computer monitor or a large-screen television. The Company offers its products to OEMs and other buyers as both separate components, integrated bundles coupled with its own optics, or full systems. The Company also offers engineering support. Its products include SVGA+ OLED Microdisplay Series, Digital SVGA OLED-XL, SXGA096 OLED-XL/XLS, SXGA OLED-XL, WUXGA OLED-XL, VGA OLED-XL and Integrated Modules.

eMagin Corporation (NYSEMKT:EMAN) Recent Trading Information

eMagin Corporation (NYSEMKT:EMAN) closed its last trading session 00.00 at 2.10 with 13,715 shares trading hands.

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