{"url_path":"/sec/opxs/8-k/2026-07-20/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry Into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1397016/0001493152-26-033931-index.html","accession_number":"0001493152-26-033931","cik":"0001397016","ticker":"OPXS","issuer_name":"Optex Systems Holdings Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1397016/0001493152-26-033931-index.html","primary_entity_key":"0001397016","primary_entity_name":"Optex Systems Holdings Inc"},"word_count":386,"has_tables":true,"body_markdown":"** **\n\n**Item\n1.01 Entry Into a Material Definitive Agreement.**\n\n \n\nOn\nJuly 14, 2026, Optex Systems Holdings, Inc., a Delaware corporation (the “Company”), and its subsidiary, Optex Systems, Inc.,\na Delaware corporation (“Optex”, and with the Company, the “Borrowers”), entered into a master equipment\nfinance loan and security agreement (the “Master Agreement”) with Texas Capital Bank (the “Bank”). Under a related\ninterim funding addendum (the “Addendum”), the Bank provided interim funding of $246,783 (the “First Interim Loan”)\nto cover the first installment of an installment purchase of an approximately $2.1 million high vacuum coating system. The First\nInterim Loan is secured by the Borrowers’ interest in the coating system, and the Borrowers have the option of repaying the First\nInterim Loan or converting it into a fixed or floating rate term loan under the Master Agreement upon delivery and acceptance of the\ncoating system, in full. The First Interim Loan incurs interest, payable monthly, at the secured overnight financing rate (or at the\nBorrowers’ election, a base rate) plus 2.75%, and must be converted into a term loan under the Master Agreement or repaid on or\nbefore January 10, 2027.\n\n \n\nThe\nCompany expects to finance the remaining installments of the purchase price for the coating system through additional secured funding\nfrom the Bank under the Master Agreement, although the Bank is not obligated to provide such funding.\n\n \n\nThe\nMaster Agreement contains cross-default and cross-collateralization provisions, customary affirmative and negative covenants and events\nof default, requires the Borrowers to maintain a fixed charge coverage ratio of at least 1.25:1 and a total leverage ratio of 3.00:1,\nand permits the Bank to demand a prepayment indemnity.\n\n \n\nThe\nforegoing summary of the Master Agreement and Addendum and the transactions contemplated thereby is qualified in its entirety by reference\nto the text of such agreements, copies of which are attached hereto as Exhibits 10.1 and 10.2 and are incorporated by reference herein.\nThe Master Agreement and Addendum have been included to provide investors with information regarding their terms. The representations,\nwarranties and covenants contained in the Master Agreement were made only for purposes of the Master Agreement and as of specific dates,\nwere solely for the benefit of the parties to the Master Agreement, are subject to limitations agreed upon by the parties thereto, and\nshould not be relied upon by investors."}