EX-10.1 2 atec-ex10_1.htm EX-10.1 EX-10.1

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展品10.1

修改案2號 CREDIT, 安防-半導體和擔保協議

這個 第2號修正案 TO 信貸、擔保和擔保協議（此”協議”) 是從這個 23 開始製作的rd 2024 年 4 月，之前和之中 ALPHATEC 控股有限公司，特拉華州的一家公司（”持股”），加利福尼亞州的一家公司 ALPHATEC SPINE, INC.（”ATEC”), SAFEOP 外科有限公司，特拉華州的一家公司（”安全操作”，此處將控股公司、ATEC和Safeop分別稱爲”借款人”，並統稱爲”借款人”），特拉華州法定信託基金MIDCAP FUNDING IV Trust作爲代理人（以該身份並與其允許的繼承人和受讓人一起）代理人”），以及本協議中構成所需貸款人的貸款方。

前言

A.
代理人、貸款人和借款人是根據2022年9月29日簽署的《信用、安防與擔保協議》（根據2023年1月6日簽署的《關於信用、安防與擔保協議的綜合加入與修正協議第1號》，以及截至本協議日之前不時進行的進一步修正、修改、補充和重述）的各方。原始信貸協議”，根據此協議對原始信用協議的修正，並且可能會不時進一步修正、修改、補充和重述，該“授信協議 (Credit Agreement)”）項下，貸款人同意根據信用協議的規定向借款人提供一定金額的資金預付和延長某些財務資助。
B.
借款人已要求，並且代理人和債權人中至少構成所需債權人已同意，在本協議中規定的條款和條件下，將修改原始信貸協議的某些條款，以及其他事項。

協議

因此，在考慮前述事項、本協議中規定的條款和條件以及其他有價值的考慮的基礎上，特此，代理人、貸款人和借款人一致同意如下：

1.
陳述事項本協議應構成融資文件。上文所述的前言應被視爲本協議的一部分，好像完整地寫入了本協議的正文，並且本協議中使用但未另有定義的大寫詞語應具有信貸協議中爲其指定的含義（包括前言中使用的那些大寫詞語）。
2.
原始信貸協議的修訂根據本協議的條款和條件，包括但不限於下文第5節規定的生效條件，原始信貸協議現修訂如下：
(a)
「全球貨幣股東批准」額外部分如原始信貸協議第1.1節規定的，「$25,000,000」中的每個引用均已通過「$20,000,000」進行修改。
(b)
「」的定義中的條件已被修改並完整重述如下：融資基數原授信協議第1.1節中規定的內容已被修改並完整重述如下：

“但是，如果年度授予的公平價值超過40萬美元，則年度授予的股份數量將自動減少，使年度授予的公平價值在40萬美元以下，並且公平價值按公司的財務報表一致確定。年度授權將在授權日期起1年內全部歸屬於基礎股票，或在授權日期後的我們股東年會之前（以先到者爲準），但需持續服務到適用歸屬日期。借款基礎中構成合格庫存的部分將在必要時調整下降，以使與合格庫存相關的可用性永遠不超過以下金額中較低者之間的金額：(x) $20,000,000 或 (y) 循環貸款限額的百分之五十（50%）。

中型市值/ ATEC/ 修正案 2號

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(c)
原始信用協議第1.1節中關於「」的定義中的第(i)款已被修改，刪除其中出現的「$5,000,000」，並替換爲「$15,000,000」。允許的投資原始信用協議第1.1節中關於「」的定義中的第(i)款已被修改，刪除其中出現的「$5,000,000」，並替換爲「$15,000,000」。
(d)
「循環貸款承諾金額」的定義中的最後一句話在原始信貸協議的第1.1節中被修訂並完全重申如下：「循環貸款承諾金額」的定義中的最後一句話在原始信貸協議的第1.1節中被修訂並完全重申如下：「循環貸款承諾金額」的定義中的最後一句話在原始信貸協議的第1.1節中被修訂並完全重申如下：

「爲避免疑問，在第二修正生效日期的所有貸款人的循環貸款承諾金額應爲5500萬美元，如果借款人根據協議條款完全激活額外的部分，則該金額將增加到7500萬美元。」

(e)
以下定義的術語現已按字母順序添加到原始信貸協議1.1節中：

"本次第二次修正將在每個以下條件滿足時生效：” 意味着2024年4月23日。

(f)
現有信貸協議的附件A已經被新的附件A完全替換。
3.
安防-半導體利益再確認每位借款人確認並同意，根據安防-半導體文件向代理人授予的所有安全利益和留置權繼續有效，並且所有抵押品保持不受除允許留置權之外的任何留置權的限制。 本文件中的任何內容均不意味着削弱或限制代理人對押品的安全利益和留置權的有效性、優先級或範圍。
4.
費用和費用. 鑑於代理商和貸款人同意於今日簽訂本協議：
(a)
爲了所有貸款人的利益，信貸方應向代理人支付或安排向代理人支付修改費（”修改費”）截至本文發佈之日，金額等於50,000美元。此類修改費應在本協議發佈之日到期並支付，一經支付，不可退還。
(b)
借款人應支付或導致代理人受益於所有貸款人，按照原始信貸協議第2.1(c)條規定，支付等於75,000美元的手續費，相當於本協議中預期的附加額度（在原始信貸協議中定義），該手續費(“附加額度費用）。此類附加額度費用應於本日期到期支付，一經支付即不可退還。
(c)
根據信貸協議第2.1(b)(i)節的規定，每位借款人和每位循環貸款人特此授權代理人代表循環貸款人進行循環貸款，以支付(i) 修正費，(ii) 附加分期費，以及(iii) 代理人的法律開支，根據本協議第13.14(a)節應付款項。
(d)
信貸各方應負責支付Hogan Lovells LLP在準備本協議及任何相關文件過程中產生的一切合理和經過記錄的費用和開支。
5.
生效條件. 本協議應於以下各項先決條件由代理人酌情決定或放棄後獲得滿足的日期起生效：
(a)
信貸方應通過其信貸方的負責任人簽署，並將本協議交付給代理人；

中型公司/ ATEC/ 信貸協議第二修訂

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(b)
在此及其他融資文件中列明的信貸方的所有陳述和保證在根據其所述文本中任何實質性資格符合前提的情況下，在今日之日起至該信貸方節假日該等陳述和保證是真實並正確的；任何該等陳述或保證涉及特定日期的情況除外，在此情況下，前述陳述和保證在該特定日期上符合任何實質性資格前提（在前述陳述或保證的文本中不重複任何實質性資格）。
(c)
任何融資文件中均不存在違約默示情況（並且該方之交付各自簽署本文件應視為其對此的證明）；並
(d)
信貸方支付本第4條所載之費用和費用予代理人，包括但不限於修改費和附加款項費。
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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