KGIC Inc. has entered into an amended and restated forbearance agreement with the Bank of Montreal (BMO). Under the terms of the amended credit agreement, BMO has agreed to provide the company with a discretionary, non-revolving demand credit facility in the amount of up to $3,000,000. Each advance under the facility is at the discretion of BMO.

The facility may be used by the company only for working capital and general corporate purposes. Subject to the terms of the amended credit agreement, the company shall only be entitled to obtain advances under the facility until April 22, 2016. All advances will bear interest at BMO's prime rate plus 3.75% per annum.