Evolving Systems, Inc. (NASDAQ:EVOL) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01
On July 1, 2020, Evolving Systems, Inc. (“Evolving Systems”) entered into the Amendment and Waiver Letter (“Amendment”) to the Term Loan Facility Agreement with East West Bank (“Loan Facility”). The purpose of the Amendment is to waive certain events of non-compliance with respect to covenants not achieved in prior periods and to amend future covenant requirements.
d) Exhibits. The following exhibit is filed with this report.
| 10.1 | Amendment and Waiver Letter to Term Loan Facility Agreement entered into by and among Evolving Systems, Inc. as Parent Guarantor, Evolving Systems Holdings Limited, as Original Borrower, Evolving Systems Limited and Evolving Systems BLS Limited, as further Original Guarantors, Evolving Systems Lumata Limited, and East West Bank as Lender. |
EVOLVING SYSTEMS INC Exhibit
EX-10.1 2 tm2024197d1_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 To: The Directors of Evolving Systems,…
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About Evolving Systems, Inc. (NASDAQ:EVOL)
Evolving Systems, Inc. is a provider of software solutions for service enablement, on-device activation and management of services for connected devices for network operators. The Company operates in two segments: license fees and services revenue, and customer support revenue. Its service activation solution, Tertio is used to activate voice, video and data services for wireless, wireline and cable network operators. Its Subscriber Identity Module (SIM) card activation solution, Dynamic SIM Allocation is used to allocate and assign resources to Mobile Network Operators devices that rely on SIM cards. Its Mobile Data Enablement solution provides a data consumption and policy management solution for wireless carriers and Mobile Virtual Network Operators that monitor the usage and consumption of data services. Its Total Number Management product is an automated database solution that enables operators to manage their telephone numbers, as well as other communication identifiers.
