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修改案2号 CREDIT, 安防-半导体和担保协议

这个 第2号修正案 TO 信贷、担保和担保协议（此”协议”) 是从这个 23 开始制作的rd 2024 年 4 月，之前和之中 ALPHATEC 控股有限公司，特拉华州的一家公司（”持股”），加利福尼亚州的一家公司 ALPHATEC SPINE, INC.（”ATEC”), SAFEOP 外科有限公司，特拉华州的一家公司（”安全操作”，此处将控股公司、ATEC和Safeop分别称为”借款人”，并统称为”借款人”），特拉华州法定信托基金MIDCAP FUNDING IV Trust作为代理人（以该身份并与其允许的继承人和受让人一起）代理人”），以及本协议中构成所需贷款人的贷款方。

前言

A.
代理人、贷款人和借款人是根据2022年9月29日签署的《信用、安防与担保协议》（根据2023年1月6日签署的《关于信用、安防与担保协议的综合加入与修正协议第1号》，以及截至本协议日之前不时进行的进一步修正、修改、补充和重述）的各方。原始信贷协议”，根据此协议对原始信用协议的修正，并且可能会不时进一步修正、修改、补充和重述，该“授信协议 (Credit Agreement)”）项下，贷款人同意根据信用协议的规定向借款人提供一定金额的资金预付和延长某些财务资助。
B.
借款人已要求，并且代理人和债权人中至少构成所需债权人已同意，在本协议中规定的条款和条件下，将修改原始信贷协议的某些条款，以及其他事项。

协议

因此，在考虑前述事项、本协议中规定的条款和条件以及其他有价值的考虑的基础上，特此，代理人、贷款人和借款人一致同意如下：

1.
陈述事项本协议应构成融资文件。上文所述的前言应被视为本协议的一部分，好像完整地写入了本协议的正文，并且本协议中使用但未另有定义的大写词语应具有信贷协议中为其指定的含义（包括前言中使用的那些大写词语）。
2.
原始信贷协议的修订根据本协议的条款和条件，包括但不限于下文第5节规定的生效条件，原始信贷协议现修订如下：
(a)
“全球货币股东批准”额外部分如原始信贷协议第1.1节规定的，“$25,000,000”中的每个引用均已通过“$20,000,000”进行修改。
(b)
“”的定义中的条件已被修改并完整重述如下：融资基数原授信协议第1.1节中规定的内容已被修改并完整重述如下：

“但是，如果年度授予的公平价值超过40万美元，则年度授予的股份数量将自动减少，使年度授予的公平价值在40万美元以下，并且公平价值按公司的财务报表一致确定。年度授权将在授权日期起1年内全部归属于基础股票，或在授权日期后的我们股东年会之前（以先到者为准），但需持续服务到适用归属日期。借款基础中构成合格库存的部分将在必要时调整下降，以使与合格库存相关的可用性永远不超过以下金额中较低者之间的金额：(x) $20,000,000 或 (y) 循环贷款限额的百分之五十（50%）。

中型市值/ ATEC/ 修正案 2号

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(c)
原始信用协议第1.1节中关于“”的定义中的第(i)款已被修改，删除其中出现的“$5,000,000”，并替换为“$15,000,000”。允许的投资原始信用协议第1.1节中关于“”的定义中的第(i)款已被修改，删除其中出现的“$5,000,000”，并替换为“$15,000,000”。
(d)
“循环贷款承诺金额”的定义中的最后一句话在原始信贷协议的第1.1节中被修订并完全重申如下：“循环贷款承诺金额”的定义中的最后一句话在原始信贷协议的第1.1节中被修订并完全重申如下：“循环贷款承诺金额”的定义中的最后一句话在原始信贷协议的第1.1节中被修订并完全重申如下：

“为避免疑问，在第二修正生效日期的所有贷款人的循环贷款承诺金额应为5500万美元，如果借款人根据协议条款完全激活额外的部分，则该金额将增加到7500万美元。”

(e)
以下定义的术语现已按字母顺序添加到原始信贷协议1.1节中：

"本次第二次修正将在每个以下条件满足时生效：” 意味着2024年4月23日。

(f)
现有信贷协议的附件A已经被新的附件A完全替换。
3.
安防-半导体利益再确认每位借款人确认并同意，根据安防-半导体文件向代理人授予的所有安全利益和留置权继续有效，并且所有抵押品保持不受除允许留置权之外的任何留置权的限制。 本文件中的任何内容均不意味着削弱或限制代理人对押品的安全利益和留置权的有效性、优先级或范围。
4.
费用和费用. 鉴于代理商和贷款人同意于今日签订本协议：
(a)
为了所有贷款人的利益，信贷方应向代理人支付或安排向代理人支付修改费（”修改费”）截至本文发布之日，金额等于50,000美元。此类修改费应在本协议发布之日到期并支付，一经支付，不可退还。
(b)
借款人应支付或导致代理人受益于所有贷款人，按照原始信贷协议第2.1(c)条规定，支付等于75,000美元的手续费，相当于本协议中预期的附加额度（在原始信贷协议中定义），该手续费(“附加额度费用）。此类附加额度费用应于本日期到期支付，一经支付即不可退还。
(c)
根据信贷协议第2.1(b)(i)节的规定，每位借款人和每位循环贷款人特此授权代理人代表循环贷款人进行循环贷款，以支付(i) 修正费，(ii) 附加分期费，以及(iii) 代理人的法律开支，根据本协议第13.14(a)节应付款项。
(d)
信贷各方应负责支付Hogan Lovells LLP在准备本协议及任何相关文件过程中产生的一切合理和经过记录的费用和开支。
5.
生效条件. 本协议应于以下各项先决条件由代理人酌情决定或放弃后获得满足的日期起生效：
(a)
信贷方应通过其信贷方的负责任人签署，并将本协议交付给代理人；

中型公司/ ATEC/ 信贷协议第二修订

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(b)
在此及其他融资文件中列明的信贷方的所有陈述和保证在根据其所述文本中任何实质性资格符合前提的情况下，在今日之日起至该信贷方节假日该等陈述和保证是真实并正确的；任何该等陈述或保证涉及特定日期的情况除外，在此情况下，前述陈述和保证在该特定日期上符合任何实质性资格前提（在前述陈述或保证的文本中不重复任何实质性资格）。
(c)
任何融资文件中均不存在违约默示情况（并且该方之交付各自签署本文件应视为其对此的证明）；并
(d)
信贷方支付本第4条所载之费用和费用予代理人，包括但不限于修改费和附加款项费。
6.
No Waiver or Novation. The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Credit Agreement, the Financing Documents or any other documents, instruments and agreements executed or delivered in connection with any of the foregoing. Nothing herein is intended or shall be construed as a waiver of any existing Defaults or Events of Default under the Credit Agreement or the other Financing Documents or any of Agent’s rights and remedies in respect of such Defaults or Events of Default. This Agreement (together with any other document executed in connection herewith) is not intended to be, nor shall it be construed as, a novation of the Credit Agreement.
7.
Affirmation. Except as specifically amended pursuant to the terms hereof, each Borrower hereby acknowledges and agrees that the Credit Agreement and all other Financing Documents (and all covenants, terms, conditions and agreements therein) shall remain in full force and effect, and are hereby ratified and confirmed in all respects by such Borrower. Each Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit Agreement and the Financing Documents, notwithstanding any prior course of conduct, waivers, releases or other actions or inactions on Agent’s or any Lender’s part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and conditions.
8.
Miscellaneous.
(a)
Reference to the Effect on the Credit Agreement. Upon the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower.
(b)
GOVERNING LAW. THIS AGREEMENT AND ALL DISPUTES AND OTHER MATTERS RELATING HERETO OR THERETO OR ARISING THEREFROM (WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE), SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW).
(c)
Incorporation of Credit Agreement Provisions. The provisions contained in Section 11.6 (Indemnification), Section 13.8(b) (Submission to Jurisdiction) and Section 13.9 (Waiver of Jury Trial) of

MidCap / ATEC / Amendment No. 2 to Credit Agreement

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the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.
(d)
Headings. Section headings in this Agreement are included for convenience of reference only and shall not constitute a part of this Agreement for any other purpose.
(e)
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if such signatures were upon the same instrument. Signatures by facsimile or by electronic mail delivery of an electronic version of any executed signature page shall bind the parties hereto. In furtherance of the foregoing, the words “execution”, “signed”, “signature”, “delivery” and words of like import in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby or thereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. As used herein, “Electronic Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or other record. This Agreement constitute the entire agreement and understanding among the parties hereto and supersede any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.
(f)
Entire Agreement. The Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.
(g)
Severability. In case any provision of or obligation under this Agreement shall be invalid, illegal or unenforceable in any applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.
(h)
Successors/Assigns. This Agreement shall bind, and the rights hereunder shall inure to, the respective successors and assigns of the parties hereto, subject to the provisions of the Credit Agreement and the other Financing Documents.

MidCap / ATEC / Amendment No. 2 to Credit Agreement

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[SIGNATURES APPEAR ON FOLLOWING PAGES]

IN WITNESS WHEREOF, intending to be legally bound, and intending that this document constitute an agreement executed under seal, the undersigned have executed this Agreement under seal as of the day and year first hereinabove set forth.

 

AGENT:

 

MIDCAP FUNDING IV TRUST

 

 

 

 

 

By:

Apollo Capital Management, L.P.,

 

 

 

its investment manager

 

 

 

 

 

 

By:

Apollo Capital Management GP, LLC,

 

 

 

its general partner

 

 

 

 

By:

 

 

 

 

Name:

Maurice Amsellem

 

 

 

Title:

Authorized Signatory

 

LENDER:

 

MIDCAP FUNDING IV TRUST

 

 

 

 

 

By:

Apollo Capital Management, L.P.,

 

 

 

its investment manager

 

 

 

 

 

By:

Apollo Capital Management GP, LLC,

 

 

 

its general partner

 

 

 

 

By:

 

 

 

 

Name:

Maurice Amsellem

 

 

 

Title:

Authorized Signatory

 

BORROWERS:

 

ALPHATEC HOLDINGS, INC.

 

 

ALPHATEC SPINE, INC.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

 

 

 

 

 

SAFEOP SURGICAL, INC.

 

 

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

[Signatures Continue on Following Page]

MidCap / ATEC / Amendment No. 2 to Credit Agreement

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Annex A

Annex A to Credit Agreement (Commitment Annex)

 

Lender

 

Revolving Loan

Commitment Amount

 

Revolving Loan

Commitment Percentage

MidCap Funding IV Trust

 

$55,000,000

 

100%

TOTALS

 

$55,000,000

 

100%

 

MidCap / ATEC / Amendment No. 2 to Credit Agreement

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