Section 1.01 Entering into a Material Definitive Agreement.
Pursuant to the Consent and Waiver Agreement, the Company has acknowledged that it is currently in default under the Credit Agreement due to its failure to comply with a requirement of the Credit Agreement not to authorize, on the last business day of each calendar month, more than the dollar equivalent of
Except as specifically stated in the Consent and Waiver Agreement, the Credit Agreement remains in full force and effect.
The foregoing description of the Consent and Waiver Agreement is not complete and is qualified in its entirety by reference to the Consent and Waiver Agreement filed as Exhibit 10.1 herein.
Item 2.03Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant
The information set forth in Section 1.01 of this Current Report on Form 8-K is incorporated by reference into this Section 2.03.
Item 9.01. Financial statements and supporting documents.
Exhibit Number Description of Exhibit 10.1 Consent and Waiver to Term Loan Credit Agreement, dated
November 15, 2021, by among Galaxy Gaming, Inc., a Nevadacorporation, the lenders from time to time party and Fortress Credit Corp., as administrative agent and collateral agent.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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