On November 21, 2018, Revolution Lighting Technologies, Inc. and its direct and indirect subsidiaries entered into a Forbearance Agreement and Fourteenth Amendment (the Fourteenth Amendment) to the Loan Agreement. Under the terms of the Fourteenth Amendment, Bank of America agreed to forebear, until January 31, 2019, from exercising its rights and remedies as a result of breaches of certain covenants under the Loan Agreement, including the Company's failure to maintain a minimum fixed charge coverage ratio of 1.1 to 1.0 for the fiscal quarter ended September 30, 2018 and its expected inability to maintain such minimum fixed charge coverage ratio for the fiscal quarter ending December 31, 2018. In addition, Bank of America agreed to a one-time waiver of breaches of certain covenants due to the incurrence of additional debt by the Company in favor of Mr. LaPenta (as previously disclosed in the company's current reports on Form 8-K filed on November 13, 2018 and November 20, 2018). If the company is not able to obtain a further amendment of the Loan Agreement or extend the forbearance, all principal, interest and other amounts outstanding under the Loan Agreement will become due and payable upon the earlier of 5 p.m. on January 31, 2019 or any Termination Event (as defined under the Loan Agreement). In the Fourteenth Amendment, Bank of America agreed to continue lending to the company under the revolving credit facility provided by the Loan Agreement through January 31, 2019, subject to the company continuing to comply with its obligations under the Fourteenth Amendment including (i) not allowing any additional Defaults or Events of Default (as defined in the Loan Agreement) to occur and (ii) repaying $5.0 million of loan advances in excess of the company's calculated borrowing base amount that were outstanding under the Loan Agreement on November 21, 2018 by January 2, 2019, in accordance with the payment schedule set forth in the Fourteenth Amendment.