Allied Healthcare Products, Inc. is party to a Loan and Security Agreement with North Mill Capital, LLC (North Mill), as successor in interest to Summit Financial Resources, L.P., dated effective February 27, 2017, as amended April 16, 2018, April 24, 2019, December 18, 2020 and October 7, 2021 (as amended, the “Credit Agreement”). The company's obligations under the Credit Facility are secured by all of the Company's personal property, both tangible and intangible, pursuant to the terms and subject to the conditions in the Credit Agreement. Effective June 13, 2022, the Company and North Mill amended the Credit Agreement to extend the maturity date to September 30, 2024.

Additionally, the following terms of the Credit Agreement have been amended: The prepayment penalty, which was previously the minimum monthly payment multiplied by the number of months remaining between February 27, 2022 and the date of such prepayment or termination, has been amended to the minimum monthly payment multiplied by the number of months remaining between September 30, 2024 and the date of such prepayment or termination. The Company paid a modification few of $5,000.