HERITAGE GLOBAL INC. (NYSE:BRK.A) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01Entry into a Material Definitive Agreement.

Item 1.02Termination of a Material Definitive Agreement.

Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

On December 22, 2016, Heritage Global Inc. (the Company) repaid
$0.6 million of outstanding principal, plus accrued interest, on
the related party loan previously entered into with both the
Companys Chief Executive Officer, Ross Dove (the CEO) and an
entity owned by the CEO and the President and Chief Operating
Officer, Kirk Dove (the COO) (the Entity), and terminated the
loan agreement.There were no early termination penalties or other
fees incurred by the Company.For further information about the
loan agreement refer to the Companys Form 8-K filed with the
Securities and Exchange Commission (the SEC) on November 4, 2016.

On December 23, 2016, the Company entered into a secured
promissory note for a revolving line of credit (the Agreement)
with the Entity.

Under the terms of the Agreement, the Entity extended a line of
credit to the Company with an aggregate borrowing capacity of
$1.5 million.Interest under the Agreement is charged at a
variable rate.Aggregate loans under the Agreement up to $1.0
million incur interest at a variable rate per annum based on the
rate charged to the Entity by its bank plus 2.0%.Amounts
outstanding at any time in excess of $1.0 million incur interest
at 8.0% per annum.The promissory note matures at the earlier of
(i) three years from the date of the Agreement, (ii) the
termination of the Entitys line of credit with its bank, or (iii)
forty-five (45) days following the date the Company closes a new
credit facility with a financial institution.Principal under the
Agreement is available on demand with written request to the
Entity, if Entity determines in its reasonable discretion that
the disbursement is reasonable and necessary.

The Company will pay the Entity an annual commitment fee equal to
1.0% of the maximum borrowing capacity, paid monthly.The Entity
will also be entitled to receive a share of the profits, and be
liable for a share of the losses, incurred in connection with
principal transactions that are both undertaken by the Company on
or after January 1, 2017, and consummated on or prior to the
maturity date.

Proceeds from the line of credit are expected to be used to fund
the Companys operations.The Agreement contains no financial
covenants.The Agreement provides the Entity with a first priority
secured position on the Companys assets.

This summary is qualified in its entirety by reference to the
full text of the Agreement, which is attached hereto as Exhibit
10.1, and incorporated by reference herein.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

About HERITAGE GLOBAL INC. (NYSE:BRK.A)

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. The Company conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. Its segments include GEICO, General Re Corporation (General Re), Berkshire Hathaway Reinsurance Group (BHRG), Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, Manufacturing, McLane Company, Service and retailing, and Finance and financial products. Its insurance and reinsurance business activities are conducted through various domestic and foreign-based insurance entities. Its insurance businesses provide insurance and reinsurance of property and casualty risks, and also reinsure life, accident and health risks across the world.

HERITAGE GLOBAL INC. (NYSE:BRK.A) Recent Trading Information

HERITAGE GLOBAL INC. (NYSE:BRK.A) closed its last trading session 00.00 at 247,300.00 with 197 shares trading hands.