On August 17, 2011, the Company and Bank of America entered into an amendment to that certain Loan and Security Agreement dated August 31, 2010 (“Loan Agreement”), wherein the definition of “Availability Reserve” in Section 1.1 was amended to add a $250,000 reserve against availability under the Revolver Loan, the definition of “EBITDA” in Section 1.1 was amended to include “non-cash stock-based compensation expense”, and the “Fixed Charge Coverage Ratio” in Section 10.3.2, effective June 30, 2011, was amended to change June 2011 to 0.8 to 1.0, July 2011 to 0.95 to 1.0, under the Loan Agreement.
