As previously reported, ERBA Diagnostics, Inc. has a secured, revolving credit facility of up to $5,000,000 with Citibank, N.A., pursuant to those certain Business Loan Agreement and amended and restated Promissory Note. As previously reported, the maturity date of the Old Note is December 31, 2016. On December 27, 2016, the Company entered into an amended and restated Promissory Note with Citibank, such that the maturity date of such secured, revolving credit facility has been extended from December 31, 2016 to June 30, 2017. Other than the extension of the maturity date 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%, remain the same. All other agreements associated with the secured, revolving credit facility remain unchanged and outstanding.