EXHIBIT 10 (k)
REVOLVING LOAN AND SECURITY AGREEMENT
CONVERTIBLE REVOLVING CREDIT PROMISSORY NOTE
DATED OCTOBER 26, 1987
ADDENDUM NO. 16
For consideration given and received, ▇▇▇▇▇▇ ▇▇▇▇▇▇ and iCAD, Inc. hereby
agree to extend the repayment date in Paragraph D of the above referenced
Convertible Revolving Credit Promissory Note, as amended, (the "Note") from
January 4, 2005 to January 4, 2006. Also the Note hereafter will be a maximum
principal sum of Five Million Dollars ($5,000,000).
Effective the 31st. day of December 2004.
Please note that I, ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇, do not intend to call in the principal
balance of the note within 366 days from the expiration date of this amendment.
ICAD, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇
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Title: Chief Financial Officer ▇▇▇▇▇▇ ▇▇▇▇▇▇