On December 3, 2012, East West Bank approved an extension on the maturity date of the loan with Teletouch Communications Inc., to February 3, 2013. Further, effective November 3, 2012, the interest rate on the loan was amended from a variable rate of the Wall Street Journal Prime Rate with no floor to fixed rate of 7.00%. The principal amount of the loan is $2,091,598.71, with the first two regular payments on the loan in the amount of $19,283.18 due December 3, 2012 and the last payment in the amount of $2,090,322.85 due on February 3, 2013.