Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 26, 2010
 
 
 
CTI INDUSTRIES CORPORATION
(Exact name of registrant as specified in its charter)
 
Illinois
0-23115
36-2848943
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
 File Number)
 Identification No.)
 
22160 North Pepper Road, Barrington, IL
60010
(Address of principal executive offices)
(Zip Code)
 
Registrant's telephone number, including area code
(847) 382-1000

N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
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Item No. 1.01 – Entry into a Material Definitive Agreement

On January 26, 2010, Registrant entered into a Sixth Amendment to Loan and Security Agreement (“Loan Agreement”) among Registrant and RBS Citizens, N.A., successor by merger to Charter One Bank, N.A. (“Bank”). Under the Sixth Amendment, the Bank agreed to extend the maturity date of the revolving loan provided for in the Loan Agreement from January 31, 2010 to April 30, 2010.  The Sixth Amendment to the Loan Agreement also provides for a fee of $7,875.  A copy of the agreement is filed as Exhibit 10.1.

Item No. 9.01 – Financial Statements and Exhibits

(d)           Exhibits:

 
Exhibit No.
Exhibit

 
10.1
Sixth Amendment to Loan and Security Agreement among Registrant and RBS Citizens, N.A. dated January 26, 2010
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
CTI Industries Corporation
  
  (Registrant)  
       
       
Date:   January 29, 2010
By:
/s/ Howard W. Schwan  
    Howard W. Schwan, President  
 
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EXHIBIT INDEX

EXHIBIT NO.
EXHIBIT

10.1
Sixth Amendment to Loan and Security Agreement among Registrant and RBS Citizens, N.A. dated January 26, 2010
 
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