On August 25, 2011, Tandy Brands Accessories, Inc. along with its Canadian subsidiary, H. A. Sheldon Canada Ltd., entered into a Credit and Security Agreement with Wells Fargo Bank, National Association providing terms and conditions governing certain loans and other credit accommodations extended by the Lender to the company. On June 28, 2013, the company and the Lender entered into a Ninth Amendment to Credit and Security Agreement. The amendment extends the date for the company to refinance the indebtedness in full or raise additional cash equity in the amount of $10 million or more from June 28, 2013 to July 31, 2013.