EX-10.2 3 atec-ex10_2.htm EX-10.2 EX-10.2

執行版本

 

展品10.2

修改案3 CREDIT, 安防-半導體和擔保協議

 

第3項修正 至信貸、安防-半導體和保證協議 (該“協議”)是由2024年9th 月9日簽署的,簽署方包括 阿爾法泰克控股公司。這是一家特拉華州公司(「該公司」),Holdings阿爾法泰克脊柱公司,加利福尼亞州一家公司(ATEC”), 安防手術公司,INC。這是一家特拉華州公司(「該公司」),Safeop” ,Holdings, ATEC和Safeop分別在本文件中單獨稱爲“借款人”, and collectively as “並簽訂本變更條款:商業信貸協議和票據(「CIT協議」)”), MIDCAP FUNDING IV TRUSt, a Delaware statutory trust, as agent (in such capacity and together with its permitted successors and assigns, the “第五章 定義和引用 第5.1節 定義 第1.1節中所指的術語包括其單數形式以及複數形式,其相對應的意思當然依然是如此。”), and the Lenders party hereto constituting the Required Lenders.

前言

A.
作爲《2022年9月29日簽署的信貸、安防和擔保協議(經由2023年1月6日簽署的信貸、安防和擔保協議的總條款加入和修正案第1號修正,以及經由2024年4月23日簽署的信貸、安防和擔保協議的修正案第2號修正,並在本日期前的各個時間進行進一步修訂、修改、補充和重新訂立,合稱爲“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。上述序文應被解釋爲本協議的一部分,如同完整地載於本協議正文中,並且除非另有定義,否則在此處使用但未另行定義的大寫字母術語應具有《信貸協議》中賦予其的含義(包括序言中使用的大寫字母術語)。
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」額外部分根據原始信貸協議第1.1節所述,"刪除"。
(b)
《原始信貸協議》第1.1節中「」定義的第(u)款在此修訂,將其中對「$2,500,000」一項的引用替換爲「$5,000,000」;允許負債《原始信貸協議》第1.1節中「」定義的第 (u) 款在此修訂,將其中對「$2,500,000」的引用替換爲「$5,000,000」;
(c)
「全球貨幣股東批准」「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:

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““「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:”指的是針對每位貸款人在承諾附件中「循環貸款承諾金額」欄下所列數額(如果該貸款人的姓名未在上面列出,則假定該貸款人的循環貸款承諾金額爲0美元),該數額可能會根據時間而調整,調整數額是指根據所有有效轉讓協議的條款進行分配的(關於該貸款人擁有的循環貸款餘額和發放循環貸款的承諾)。 爲避免疑問,所有貸款人在第三修正生效日期的循環貸款承諾金額合計爲7500萬美元。”

(d)
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:

““第三修正生效日期”代表2024年9月9日。”

(e)
原始信貸協議第2.1(c)部分在此全文修改並重新陳述如下:

“(c) [保留].”

(f)
原信貸協議第2.3節在此全文修改和重新規定如下:

第2.3條 票據 . 每位貸款人所提供的貸款份額,如果該貸款人要求,將由借款人共同簽署一項或多項應收票據(每張票據的原始本金金額均等於該貸款人的循環貸款承諾金額)。單張債券

(g)
原始信貸協議的第6.1節在此被修改並完全重新修訂如下:

第6.2節購買限制。根據3.2(c)節的規定,參與者的認購受限。以下是是它的限制: 最低流動性從第三修正生效日期開始,以及此後的任何時候,信用方不得允許流動性低於2500萬美元。

(h)
原信貸協議的附錄A通過用此處附加的新附錄A完全替換而被修改。
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)
借款人應支付或要求代理人爲所有貸款人支付一筆新貸款利差費,金額爲30萬美元,相當於根據原始信貸協議第2.1(c)節所規定,本協議所述的額外齊艙(原始信貸協議中定義)的1.50%。

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信貸協議(”額外分期費用”)。此類額外分期費用應於本協議發佈之日到期並支付,一旦支付,不可退款。
(b)
根據《借貸協議》第2.1(b)(i)條款的規定,每位借款方和每位循環貸款人特此授權代理人代表循環貸款人發放循環貸款,用於支付(i)額外揭示費用和(ii)與本協議相關應當按照第13.14(a)條款支付的代理人律師的法律費用。
(c)
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. 本協議將於以下條件前提滿足后,由代理人自行決定或放棄時生效日期確定。
(a)
授信方應向代理人交付本協議,由該授信方的負責人員正式執行。
(b)
代理應當收到各授信方的負責人員提供的證書,證明(i)授信方授權簽署及交付本協議書及其他融資文件的每位官員或授權代表的姓名和簽名,(ii)證明該證書附上的該授信方的組織文件是在證書簽發當日生效的組織文件的完整正本,或是自上次交付予代理人以來該組織文件沒有變更,(iii)關於授信方董事會或其他適當治理機構批准和授權簽署、交付和履行本協議書及其他融資文件之決議,以及(iv)證明該授信方在其設立管轄區內具有良好信譽的證書,以及如適用,相關的稅務證明。
(c)
代理人應已收到就信貸方所提出的最新完善證書,其形式和內容應該合乎代理人的合理期望;
(d)
Agent shall have received a duly executed legal opinion of Credit Parties’ counsel, addressed to Agent and Lenders, addressing matters Agent may reasonably request;
(e)
all of the representations and warranties of Credit Parties set forth herein and in the other Financing Documents are true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) with respect to such Credit Party as of the date hereof except to the extent that any such representation or warranty relates to a specific date in which case such representations and warranties were true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) on and as of such date (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof);
(f)
no Default or Event of Default shall exist under any of the Financing Documents (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); and
(g)
payment by the Credit Parties to Agent of the costs and fees set forth in Section 4 hereof, including, without limitation, the Additional Tranche Fee.
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

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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 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,

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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.

[SIGNATURES APPEAR ON FOLLOWING PAGES]

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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

 

 

 

[Signatures Continue on Following Page]

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BORROWERS:

ALPHATEC HOLDINGS, INC.

ALPHATEC SPINE, INC.

 

 

By:_________________________________
Name: _____________________________

Title: ______________________________

 

 

 

SAFEOP SURGICAL, INC.

By:_________________________________
Name: _____________________________
Title: ______________________________

 

 

 

 

 

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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

$75,000,000

100%

TOTALS

$75,000,000

100%

 

MidCap / ATEC / Amendment No. 3 to Credit Agreement

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