Inrad Optics Inc – Credit Agreements Watch

from 10-Q 6 pages Docusign Envelope Id: 67f03340-F2d0-449c-9884-6053779ab4c1 _5_/4_/2_0_2_0 Thank You for Choosing Valley for Your Paycheck Protection Program (Ppp) Loan. Enclosed You Will Find the Closing Documentation. Please Execute All Loan Documentation Where You Are Required to Sign in the Loan Documentation and Return the Executed Documents. You May Execute the Documents Electronically in Accordance With the Instructions Contained in the Documentation. It Is Important to Remember That the Ppp Loan Proceeds Are Intended For: - - - - - - Payroll Costs Payments on Mortgage Interest Rent Utilities Interest on Other Debt Obligations to Refinance Eligible Eidl Loans the Ppp Allows for Your Loan to Be Forgiven Under Certain Conditions. the Conditions and Requirements for Granting Forgiveness as Well as the Instructions and Timing for Applying for Forgiveness Can Be Found on the Small Business Association (Sba) Website . It Is Your Responsibility to Satisfy All Requirements, Including Providing the Documentation That Substantiates the Ppp Funds Were Spent in the Approved Manner for Forgiveness. You Will Need to Provide Such Support With a Certification at Time of Application for Forgiveness. the Amount of Loan Forgiveness Shall Be Calculated (And May Be Reduced) in Accordance With the Requirements of the Ppp, Including the Provisions of Section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (Cares Act) (P.L. 116-136). 1