ERBA Diagnostics, Inc. entered into those certain Business Loan Agreement and Promissory Note with Citibank, N.A., which provided for a secured, revolving credit facility of up to $3,500,000. On September 18, 2015, the company entered into an amended and restated Promissory Note with Citibank, such that the amount of the secured, revolving credit facility has been increased to up to $5,000,000. Other than the increase in the principal amount of the secured, revolving credit facility, the terms and conditions of the secured, revolving credit facility, including, without limitation, the annual interest rate equal to the 30-day LIBOR plus 1.75% and the maturity date of February 29, 2016, remain the same.

All other agreements associated with the secured, revolving credit facility remain unchanged and outstanding.