Protalex Inc. entered into the second amended and restated credit facility agreement with Niobe Ventures, LLC and the company's existing secured lender (Niobe), pursuant to which the parties agreed to increase the funds available for loans to the company under the credit facility to $9.0 million. Each loan made to the company by Niobe under the amended and restated agreement will be represented by a senior secured promissory note bearing interest at a rate of 3% per annum and maturing on September 1, 2017. The obligations of the company pursuant to each note will be secured by a first priority perfected security interest in all of the assets of the company pursuant to the fourth consolidated, amended and restated security agreement.