Exhibit 10.2

FIRST AMENDMENT TO AMENDED AND RESTATED FACILITY AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED FACILITY AGREEMENT (this
“Amendment”) is entered into as of November 20, 2018, by and among ENDOLOGIX,
INC., a Delaware corporation (the “Borrower”), the other Loan Parties party
hereto, the Lenders party hereto and Deerfield Private Design Fund IV, L.P., as
agent for itself and the Secured Parties (in such capacity, together with its
successors and assigns in such capacity, “Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the other Loan Parties party thereto, Agent and the
Lenders party thereto are parties to that certain Amended and Restated Facility
Agreement dated as of August 9, 2018 (as amended, restated, supplemented or
otherwise modified from time to time, the “Facility Agreement”); and

WHEREAS, the Borrower has requested that Agent and the Lenders amend certain
provisions of the Facility Agreement, and, subject to the satisfaction of the
conditions set forth herein, Agent and the Lenders are willing to do so, on the
terms set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements, provisions and
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

SECTION 1. Defined Terms. Capitalized terms used herein (including in the
preamble and recitals above) but not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Facility Agreement.

SECTION 2. Amendment. Subject to the satisfaction of the conditions precedent
set forth in Section 3 hereof, the Facility Agreement is hereby amended as
follows:

(a) Section 1.1 of the Facility Agreement is hereby amended by adding the
following new definitions in the appropriate alphabetical order:

““Japan Lifeline Subordination Agreement” has the meaning specified therefor in
clause (h) of the definition of “Permitted Indebtedness”.

“Stifel” has the meaning specified therefor in Section 5.1(k)(viii).”

“Stifel Account” has the meaning specified therefor in Section 5.1(k)(viii).”

“Stifel Sweep Agreement” has the meaning specified therefor in
Section 5.1(k)(viii)(a)(1).”

(b) Clause (a) of the definition of “Global Excess Liquidity” in Section 1.1 of
the Facility Agreement is hereby amended by deleting such subclause (a) in its
entirety and substituting the following language therefor:

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“(a) without duplication of clause (b) of this definition, unrestricted cash and
Cash Equivalents maintained in the deposit accounts or securities accounts of
the Loan Parties, in each case, subject to Control Agreements in compliance with
the provisions of Section 5.1(k); provided that, for the avoidance of doubt, no
cash or Cash Equivalents maintained in any Excluded Accounts shall be included
in this clause (a)”.

(c) Clause (h) of the definition of “Permitted Indebtedness” in Section 1.1 of
the Facility Agreement is hereby amended by deleting such clause (h) in its
entirety and substituting the following language therefor:

“(h)    unsecured Indebtedness in an amount not to exceed $4,280,500 pursuant to
a promissory note dated on or around the Agreement Date, by the Borrower in
favor of Japan Lifeline Co., Ltd. (the “Permitted Japan Lifeline Unsecured
Debt”), so long as (i) other than as expressly set forth in clause (ii) directly
below, no prepayments, repayment, redemptions or payments shall be made with
respect to the Permitted Japan Lifeline Unsecured Debt at any time until
ninety-one (91) days after all of the Obligations have been paid in full,
(ii) subject to the terms of the Japan Lifeline Subordination Agreement, the
all-in interest rate and pricing charged thereon shall not exceed 2.5% per annum
and such interest shall not be paid (A) more frequently than annually in arrears
and (B) unless (1) expressly permitted pursuant to the terms of the Japan
Lifeline Subordination Agreement, (2) the Japan Lifeline Subordination Agreement
is in full force and effect and binding and enforceable against all parties
thereto at all times, (3) no breach, violation or default has occurred under any
of the Permitted Japan Lifeline Unsecured Debt Documents or the Japan Lifeline
Subordination Agreement and (4) no Default or Event of Default has occurred and
is continuing, (iii) no fees shall be paid thereon, (iv) such unsecured
Indebtedness shall not be assigned or otherwise transferred by Japan Lifeline
Co., Ltd. without the consent of the Agent, (v) Japan Lifeline Co., Ltd. (and
any successor or assign thereof) shall enter into a subordination agreement with
the Agent, in form and substance reasonably satisfactory to the Agent and the
Lenders (the “Japan Lifeline Subordination Agreement”), and such Japan Lifeline
Subordination Agreement shall remain in full force and effect and binding and
enforceable against all parties thereto at all times, and no breach, violation
or default shall have occurred thereunder or under the Permitted Japan Lifeline
Unsecured Debt Documents, (vi)(A) such Indebtedness remains unsecured at all
times and no security interests or Liens are granted with respect thereto by any
Loan Party, any of their respective Affiliates or any other Person and (B) no
Person other than the Borrower shall be a borrower, guarantor or obligor (or
otherwise be obligated or liable) with respect to such Indebtedness, and
(vii) subordination provisions are included in such promissory note, the Japan
Lifeline Subordination Agreement and any related agreements, instruments and
documents (collectively, the “Permitted Japan Lifeline Unsecured Debt
Documents”) in a manner, and in form and substance, reasonably satisfactory to
the Agent and the Lenders, and such Permitted Japan Lifeline Unsecured Debt
Documents shall be in form and substance reasonably satisfactory to the Agent
and the Lenders;”.

(d) The definition of “Loan Documents” in Section 1.1 of the Facility Agreement
is hereby amended by adding the language “ the Japan Lifeline Subordination
Agreement, any

 

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Subordination Agreement,” immediately after the reference to “the Intercreditor
Agreement,” in such definition.

(e) The definition of “Subordinated Debt” in Section 1.1 of the Facility
Agreement is hereby amended by adding the following sentence at the end of such
definition: “Notwithstanding anything to the contrary in this Agreement and for
the avoidance of doubt, “Subordinated Debt” shall not include the Permitted
Japan Lifeline Unsecured Debt, which is separately covered by this Agreement.”

(f) The definition of “Subordinated Debt Documents” in Section 1.1 of the
Facility Agreement is hereby amended by adding the following sentence at the end
of such definition: “Notwithstanding anything to the contrary in this Agreement
and for the avoidance of doubt, “Subordinated Debt Documents” shall not include
the Permitted Japan Lifeline Unsecured Debt Documents, which are separately
covered by this Agreement.”.

(g) The definition of “Subordination Agreement” in Section 1.1 of the Facility
Agreement is hereby amended by adding the following sentence at the end of such
definition: “Notwithstanding anything to the contrary in this Agreement and for
the avoidance of doubt, “Subordination Agreement” shall not include the Japan
Lifeline Subordination Agreement, which is separately covered by this
Agreement.”.

(h) Section 5.1(k) of the Facility Agreement is hereby amended by deleting such
clause (k) in its entirety and substituting the following language therefor:

“(k)    Each Loan Party will enter into, and cause each depository, securities
intermediary or commodities intermediary to enter into, Control Agreements with
respect to each deposit, securities, commodity or similar account maintained by
such Person (other than (i) deposit accounts exclusively used for payroll,
payroll taxes and other employee wage and benefit payments to or for the benefit
of the Borrower’s employees and identified to Agent by the Borrower as such,
(ii) zero balance accounts; provided that such accounts have been identified to
Agent by the Borrower as such, (iii) such other petty cash deposit accounts,
amounts on deposit in which do not exceed $100,000 in the aggregate at any one
time, (iv) escrow, trust and fiduciary accounts, (v) each account of Excluded
Foreign Subsidiaries, (vi) deposit account #XXXXX7912 of TriVascular Canada LLC
at Bank of Montreal; provided the aggregate amount on deposit in such deposit
account(s) does not exceed 1,000,000 Canadian dollars at any time, (vii) the
Bank of America Cash Collateral Account and (viii) account number XXXX1317 of
the Borrower (the “Stifel Account”) maintained at Stifel, Nicolaus & Company,
Incorporated (“Stifel”) while, and only so long as (and for the avoidance of
doubt, not at any other time shall the Stifel Account be an Excluded Account),
(a) all funds, amounts or other items on deposit in the Stifel Account are swept
by Stifel every Business Day (1) pursuant to the terms of the Permanent Letter
of Authorization for Wires With Further Credit, signed by the Borrower (as the
account owner) as of August 15, 2018 (as in effect on November 20, 2018, the
“Stifel Sweep Agreement”), and (2) by wiring the funds, amounts and other items
in the Stifel Account to deposit account number XXXXXX1702 at Bank of America,
N.A., in each case of this clause (a), unless Agent and ABL Agent consent
otherwise in writing (including by electronic mail), (b) the deposit account to

 

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which the funds, amounts and other items from the Stifel Account are swept is
subject to a Control Agreement at all times, (c) subject to clause (e) below, no
more than $5,000,000 of cash, Cash Equivalents, other assets and/or other items
are in the Stifel Account at any time, (d) neither the wire instructions nor any
other term or provision in the Stifel Sweep Agreement is amended, restated,
supplemented, modified, waived or otherwise changed (or any departure therefrom
consented to) without the prior written consent of Agent and ABL Agent (and the
Borrower shall immediately modify the Stifel Sweep Agreement, including the wire
instructions therein, in such manner as Agent and ABL Agent may request while an
Event of Default exists), (e) (x) upon and during the continuance of an Event of
Default, (1) the Stifel Account is not used (including no cash, Cash
Equivalents, other assets or other items being held in such Stifel Account other
than those being swept pursuant to clause (a) above on the Business Day
immediately after the first day such Event of Default occurs), (2) the Borrower
will take no action with Stifel with respect to the Stifel Account or otherwise
(other than having Stifel sweep the Stifel Account pursuant to clause (a) above)
and (3) no cash or other items shall be kept or maintained in the Stifel Account
or otherwise held by Stifel, and (y) after the occurrence of an Event of
Default, the Borrower immediately closes the Stifel Account upon request by
Agent, and (f) (x) the Borrower provides quarterly certifications of compliance
with the conditions and requirements in this Section 5.1(k)(viii)(a)-(e), and
(y) by 5pm ET on the Tuesday of the week following delivery of each such
quarterly certification in clause (f)(x) directly above, the Borrower (or Stifel
on behalf of the Borrower) shall provide a detailed description of activity for
the prior week (including daily account balances and other item inventory) to
Katten Muchin Rosenman LLP (at the address provided in Section 6.1) on behalf of
Agent; (such accounts in clauses (i) through (viii), the “Excluded Accounts”) as
of and after the Prior Agreement Date; provided that (x) the Loan Parties will
have until the date that is forty-five (45) days following the closing date of
any Permitted Acquisition (or such later date as may be agreed to by Agent in
its sole reasonable discretion) to comply with the provisions of this
Section 5.1(k) with regard to such accounts (other than Excluded Accounts) of
the Loan Parties acquired in connection with such Permitted Acquisition, and
(y) for deposit accounts, securities accounts and commodities accounts opened
after the Agreement Date, the Loan Parties will have until the date that is
thirty (30) days following the opening of any such new account (or such later
date as may be agreed to by Agent in its sole reasonable discretion) to comply
with this clause (k). Upon written request by the Agent, the Loan Parties will
provide Agent with written evidence reasonably satisfactory to the Agent as of
such Business Day or the next Business Day showing compliance with
Section 5.2(xxiv).”

(i) Section 5.2(ii)(b) of the Facility Agreement is hereby amended by
(i) removing the “and” before clause (5) appearing therein, (ii) inserting “;
and” immediately after clause (5) appearing therein and before the “.” at the
end of such Section and (iii) inserting a new clause (6) as follows immediately
prior to the “.” at the end of such Section: “(6) interest payments expressly
permitted under both clause (h) of the definition of “Permitted Indebtedness”
and the Japan Lifeline Subordination Agreement so long as (A) the Japan Lifeline
Subordination Agreement is in full force and effect and binding and enforceable
against all parties thereto at all times, (B) no breach, violation or default
has occurred under any of the Permitted Japan Lifeline Unsecured Debt Documents
or the Japan Lifeline Subordination Agreement and (C) no Default or Event of
Default has occurred and is continuing”.

 

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(j) The last sentence of Section 5.2(x) of the Facility Agreement is hereby
amended by deleting such sentence in its entirety and substituting the following
language therefor:

“No Loan Party will, or will permit any Subsidiary to, directly or indirectly,
amend, restate, supplement, change, waive or otherwise modify any Material
Contract, which amendment, restatement, supplement, change, waiver or
modification in any case: (a) is contrary to (or is in violation or breach of)
the terms and provisions of this Agreement or any other Loan Document (including
the Intercreditor Agreement and the Japan Lifeline Subordination Agreement); or
(b) could reasonably be expected to be materially adverse to the rights,
interests or privileges of Agent or the Lenders or their ability to enforce the
same (it being understood that any modification that changes the stated maturity
date of the 3.25% Convertible Notes to an earlier date shall be materially
adverse to Agent and the Lenders); provided, however, that the foregoing shall
not restrict (x) any changes expressly required under the terms of the 2.25%
Convertible Notes as of the Prior Agreement Date, the 3.25% Convertible Notes as
of the Prior Agreement Date or any indenture governing any Permitted 3.25%
Convertible Note Refinancing meeting the requirements set forth in the
definition of “Permitted 3.25% Convertible Note Refinancing” or (y) any
modifications of the ABL Credit Facility expressly permitted by the
Intercreditor Agreement and not otherwise materially adverse to Agent or the
Lenders.”

(k) Clause (xii) of Section 5.2 of the Facility Agreement is hereby amended by
deleting such clause (xii) in its entirety and substituting the following
language therefor:

“(xii)    No Loan Party will, nor will it permit any of its Affiliates to,
(A) declare, pay, make or set aside any amount for prepayment, payment,
redemption or repayment in respect of (1) Subordinated Debt, except for payments
made in full compliance with and permitted under the Subordination Agreement, or
(2) any Permitted Japan Lifeline Unsecured Debt, except with respect to any
interest payments expressly permitted under both clause (h) of the definition of
“Permitted Indebtedness” and the Japan Lifeline Subordination Agreement so long
as (I) the Japan Lifeline Subordination Agreement is in full force and effect
and binding and enforceable against all parties thereto at all times, (II) no
breach, violation or default has occurred under any of the Permitted Japan
Lifeline Unsecured Debt Documents or the Japan Lifeline Subordination Agreement
and (III) no Default or Event of Default has occurred and is continuing,
(B) amend, restate, supplement, change, waive or otherwise modify (or consent to
any departure from) the terms of (1) any Subordinated Debt Documents, except for
amendments and modifications expressly permitted by the Subordination Agreement,
or (2) any Permitted Japan Lifeline Unsecured Debt Documents, except as both
(I) expressly permitted by the Japan Lifeline Subordination Agreement and
(II) previously consented to in writing by the Agent and all of the Lenders; or
(C) declare, prepay, pay, redeem, repay, make or set aside any amount for
prepayment, payment, redemption or repayment in respect of any Indebtedness
hereinafter incurred that, by its terms, or by separate agreement, is
subordinated to the Obligations, except (1) for payments made in full compliance
with and permitted under the subordination provisions applicable thereto or
(2) solely with respect to the Permitted Japan Lifeline Unsecured Debt, any
interest payments expressly permitted under both clause (h) of the definition of
“Permitted Indebtedness” and the

 

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Japan Lifeline Subordination Agreement so long as (I) the Japan Lifeline
Subordination Agreement is in full force and effect and binding and enforceable
against all parties thereto at all times, (II) no breach, violation or default
has occurred under any of the Permitted Japan Lifeline Unsecured Debt Documents
or the Japan Lifeline Subordination Agreement and (III) no Default or Event of
Default has occurred and is continuing.

(l) Clause (II) of Section 5.2(xx) of the Facility Agreement is hereby amended
by deleting such clause (II) in its entirety and substituting the following
language therefor:

“(II) the Permitted Japan Lifeline Unsecured Debt, except with respect to any
interest payments expressly permitted under both clause (h) of the definition of
“Permitted Indebtedness” and the Japan Lifeline Subordination Agreement so long
as (a) the Japan Lifeline Subordination Agreement is in full force and effect
and binding and enforceable against all parties thereto at all times, (b) no
breach, violation or default has occurred under any of the Permitted Japan
Lifeline Unsecured Debt Documents or the Japan Lifeline Subordination Agreement
and (c) no Default or Event of Default has occurred and is continuing”.

(m) Clause (r) of Section 5.4 of the Facility Agreement is hereby amended by
deleting such clause (r) in its entirety and substituting the following language
therefor:

“(r)    Any Loan Party makes any prepayment, payment, redemption or repayment on
account of any Subordinated Debt or any other Indebtedness that has been
subordinated to any of the Obligations, other than (i) payments specifically
permitted by the terms of such subordination or the applicable Subordination
Agreement and (ii) solely with respect to the Permitted Japan Lifeline Unsecured
Debt, any interest payments expressly permitted under both clause (h) of the
definition of “Permitted Indebtedness” and the Japan Lifeline Subordination
Agreement so long as (A) the Japan Lifeline Subordination Agreement is in full
force and effect and binding and enforceable against all parties thereto at all
times, (B) no breach, violation or default has occurred under any of the
Permitted Japan Lifeline Unsecured Debt Documents or the Japan Lifeline
Subordination Agreement and (C) no Default or Event of Default has occurred and
is continuing.”

(n) Section 5.4 of the Facility Agreement is hereby amended by inserting a new
clause (y) at the end of the Section as follows:

“(y)    Any terms or provisions of the Japan Lifeline Subordination Agreement or
any other Subordination Agreement shall for any reason be revoked or
invalidated, or otherwise cease to be in full force and effect, other than in
accordance with the terms thereof, or any Person shall breach, violate or
default any of the terms thereof or contest in any manner the validity or
enforceability thereof or deny that such Person has any further liability or
obligation thereunder.”

SECTION 3. Conditions. The effectiveness of this Amendment is subject to the
satisfaction of the following conditions precedent:

(a)    the execution and delivery of this Amendment by Borrower, each other Loan
Party, Agent and the Required Lenders;

 

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(b)    the representations and warranties in Section 4 hereof being true,
complete and correct in all material respects (without duplication of any
materiality qualifier contained therein) as of the date hereof, except to the
extent that such representation or warranty expressly relates to an earlier date
(in which event such representations and warranties are true, complete and
correct in all material respects (without duplication of any materiality
qualifier contained therein) as of such earlier date);

(c)    no Default or Event of Default has occurred or is continuing (or would
result after giving effect to the transactions contemplated by this Amendment);

(d)    the receipt in cash by the Secured Parties of the payment of all fees,
costs and expenses incurred thereby on or prior to the date of this Amendment
that are required to be reimbursed pursuant to Section 6.3 of the Facility
Agreement or Section 6 of this Amendment and all other fees, costs and expenses
incurred in connection with this Amendment (and the transactions contemplated
hereby) by the Secured Parties (including, in each case, all attorneys’ fees of
the Secured Parties and any estimates of post-closing fees, costs and expenses
(including all attorneys’ fees) expected to be incurred by the Secured Parties
in connection with this Amendment);

(e)    the receipt by the Agent and the Lenders of a fully executed copy of a
corresponding amendment to the ABL Credit Facility in form and substance
reasonably satisfactory to the Agent and the Lenders (the “ABL Amendment”); and

(f)    the receipt by the Agent and the Lenders of all other documents,
agreements, instruments and other information requested by the Agent or any
Lender.

SECTION 4. Representations and Warranties. Each Loan Party party hereto hereby
represents and warrants to Agent and each Lender as follows as of the date
hereof:

(a)    each Loan Party is validly existing as a corporation, limited liability
company or limited partnership, as applicable, and is in good standing under the
laws of the jurisdiction of its incorporation, organization or formation, as
applicable. Each Loan Party (i) has full power and authority (and all
governmental licenses, authorizations, Permits, consents and approvals) to
(A) own its properties and conduct its business (solely with respect to
governmental licenses, authorizations, Permits, consents and approvals, except
where the failure to have such governmental licenses, authorizations, Permits,
consents and approvals could not reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect) and (B) to (x) enter into,
and perform its obligations under, this Amendment and (y) consummate the
transactions contemplated under this Amendment, and (ii) is duly qualified as a
foreign corporation, limited liability company or limited partnership, as
applicable, and licensed and in good standing, under the laws of each
jurisdiction where its ownership, lease or operation of property or the conduct
of its business requires such qualification or license, in each case of this
clause (ii), where the failure to be so qualified, licensed or in good standing
could reasonably be expected, individually or in the aggregate, to result in a
Material Adverse Effect;

(b)    the execution, delivery and performance of this Amendment has been duly
authorized by each Loan Party and no further consent or authorization is
required by any Loan

 

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Party, any Loan Party’s board of directors (or other equivalent governing body)
or the holders of any Loan Party’s Stock. This Amendment has been duly executed
and delivered by each of the Loan Parties and constitutes a valid, legal and
binding obligation of each Loan Party, enforceable in accordance with its terms,
except as such enforceability may be limited by applicable insolvency,
bankruptcy, reorganization, moratorium or other similar laws affecting
creditors’ rights generally. The execution, delivery and performance of this
Amendment by each Loan Party party hereto and the consummation of the
transactions contemplated herein will not (A) conflict with or result in a
breach or violation of any of the terms or provisions of, or constitute a
default under, or result in the creation or imposition of any Lien (other than
pursuant to the Loan Documents) upon any assets of any such Loan Party pursuant
to, any agreement, document or instrument to which such Loan Party is a party or
by which any Loan Party is bound or to which any of the assets or property of
any Loan Party is subject, except, with respect to this clause (A), as could not
reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect, (B) result in any violation of or conflict with the provisions
of the Organizational Documents, (C) result in the violation of any Applicable
Law, (D) result in the violation of any judgment, order, rule, regulation or
decree of any Governmental Authority, or (E) violate, conflict with or cause a
breach or default under any agreement or instrument binding upon it, except,
with respect to clauses (C) and (E) only, as could not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect. No consent,
approval, Authorization or order of, or registration or filing with any
Governmental Authority is required for (i) the execution, delivery and
performance of this Amendment, and (ii) the consummation by any Loan Party of
the transactions contemplated hereby;

(c)    each of the representations and warranties set forth in the Facility
Agreement and the other Loan Documents are true, complete and correct in all
material respects (without duplication of any materiality qualifier contained
therein) as of the date hereof, except to the extent that such representation or
warranty expressly relates to an earlier date (in which event such
representations and warranties were true, complete and correct in all material
respects (without duplication of any materiality qualifier contained therein) as
of such earlier date);

(d)    no Default or Event of Default has occurred and is continuing (or would
result after giving effect to the transactions contemplated by this Amendment);

(e)    attached as Exhibit A hereto are true, correct and complete copies of
(i) the Japan Lifeline Subordination Agreement and (ii) the promissory note and
all other agreements, instruments and documents that evidence (or that have been
issued or entered into to cover) any of the Permitted Japan Lifeline Unsecured
Debt and any of the other Indebtedness owed by the Borrower and all of its
Subsidiaries to the Japan Lifeline Co., Ltd. and its Affiliates (and no other
agreements, instruments or documents exist with respect thereto);

(f)    the Borrower has delivered prior to the date of this Amendment to Katten
Muchin Rosenman LLP (i) all of the Permitted Japan Lifeline Unsecured Debt
Documents and all other agreements, instruments and documents related to the
Permitted Japan Lifeline Unsecured Debt and (ii) the Stifel Sweep Agreement and
all other agreements and documents with respect to the Stifel Account (or
between the Borrower or any of its Affiliates and Stifel); and

 

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(g)    attached hereto as Exhibit B hereto is a true, correct and copy of the
ABL Amendment.

SECTION 5. SEC Filing. At or prior to 8:30 a.m. (New York City time) on the
first (1st) Business Day following the date of this Amendment, the Borrower
shall file a Form 8-K with the SEC describing the terms of the transactions
contemplated by this Amendment and the ABL Amendment and including as exhibits
to such Form 8-K this Amendment (including the exhibits and other documents
attached hereto and thereto) and any related documents (such Form 8-K, the
“Announcing Facility Amendment Form 8-K”) disclosing any other presently
material non-public information (if any) provided or made available to any
Secured Party (or any such Secured Party’s agents or representatives) on or
prior to the filing of the Announcing Facility Amendment Form 8-K. Subject to
the foregoing, no Loan Party will issue any press releases or any other public
statements with respect to the transactions contemplated by this Amendment or
the ABL Amendment or disclosing the name of any Secured Party; provided,
however, that the Borrower will be entitled, without the prior approval of any
Secured Party, to make any press release or other public disclosure with respect
to such transactions (i) in substantial conformity with the Announcing Facility
Amendment Form 8-K and contemporaneously therewith and (ii) as is required by
Applicable Law and regulations (provided that each Secured Party will be
consulted by the Borrower in connection with any such press release or other
public disclosure prior to its release and will be provided with a copy thereof
by the Borrower other than filings required by the Exchange Act to be made with
the SEC, which Borrower may make without such consultation or notice). From and
after the Borrower’s filing of the Announcing Facility Amendment Form 8-K, no
Secured Party shall be in possession of any material nonpublic information
received from the Borrower, any other Loan Party or any of their Subsidiaries or
Affiliates or any of its or their respective officers, directors, employees,
attorneys, representatives or agents. Notwithstanding anything contained in this
Amendment to the contrary and without implication that the contrary would
otherwise be true, after giving effect to the filing of the Announcing Facility
Amendment Form 8-K, the Borrower expressly acknowledges and agrees that no
Secured Party shall have any duty of trust or confidence with respect to, or
duty not to trade in any securities on the basis of, any information regarding
the Borrower that is otherwise possessed (or continued to be possessed) by any
Secured Party as a result of a breach of any of the covenants set forth in this
Section 5.

SECTION 6. Fees, Costs and Expense Reimbursement. In connection with the Agent
and the Lenders party hereto agreeing to enter into this Amendment and provide
the accommodations hereunder, the Loan Parties agree to pay on the date of this
Amendment all fees, costs and expenses (including attorneys’ fees) incurred by
the Secured Parties in connection with this Amendment and any other Loan
Document and the transactions contemplated hereby and thereby.

SECTION 7. Captions. Captions used in this Amendment are for convenience only
and shall not modify or affect the interpretation or construction of this
Amendment or any of its provisions.

SECTION 8. Counterparts. This Amendment may be executed in several counterparts,
and by each party hereto on separate counterparts, each of which and any
photocopies, facsimile copies

 

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and other electronic methods of transmission thereof shall be deemed an
original, but all of which together shall constitute one and the same agreement.

SECTION 9. Severability. If any provision of this Amendment shall be invalid,
illegal or unenforceable in any respect under any Applicable Law, the validity,
legality and enforceability of the remaining provisions hereof shall not in any
way be affected or impaired thereby. The parties hereto shall endeavor in good
faith negotiations to replace the invalid, illegal or unenforceable provisions
with valid provisions the economic effect of which comes as close as possible to
that of the invalid, illegal or unenforceable provision.

SECTION 10. Entire Agreement. The Facility Agreement as amended hereby, together
with all other Loan Documents, contains the entire understanding among the
parties hereto with respect to the matters covered thereby and supersedes any
and all other written and oral communications, negotiations, commitments and
writings with respect thereto.

SECTION 11. Successors; Assigns. This Amendment shall be binding upon Borrower,
the Loan Parties, the Lenders and Agent and their respective successors and
permitted assigns, and shall inure to the benefit of Borrower, the Loan Parties,
the Lenders, Agent and the other Secured Parties and the successors and assigns
of the Lenders, Agent and the other Secured Parties. No other Person shall be a
direct or indirect legal beneficiary of, or have any direct or indirect cause of
action or claim in connection with, this Amendment or any of the other Loan
Documents. No Loan Party may assign or transfer any of its rights or obligations
under this Amendment without the prior written consent of Agent and each Lender,
and any prohibited assignment or transfer shall be absolutely void ab initio.

SECTION 12. Governing Law. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY,
ENFORCEMENT AND INTERPRETATION OF THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE. Section 6.4 of
the Facility Agreement is incorporated herein, mutatis mutandis.

SECTION 13. Reaffirmation and Ratification. Each Loan Party party hereto as
debtor, grantor, pledgor, guarantor, assignor, or in any other similar capacity
in which such Person grants Liens in its property or otherwise acts as
accommodation party or guarantor, as the case may be pursuant to the Loan
Documents, hereby (i) ratifies and reaffirms all of its payment and performance
obligations, contingent or otherwise, under the Facility Agreement and each
other Loan Document to which it is a party (after giving effect hereto) and
(ii) to the extent such Person granted Liens or security interests in any of its
property pursuant to any Loan Documents as security for or otherwise guaranteed
the Obligations under or with respect to the Loan Documents, ratifies and
reaffirms such guarantee and grant (and the validity and enforceability thereof)
of Liens and confirms and agrees and acknowledges that such Liens and security
interests, and all Collateral heretofore pledged as security for such
obligations, continue to be and remain collateral for such obligations from and
after the date hereof. Each Loan Party party hereto hereby consents to this
Amendment and acknowledges that the Facility Agreement and each other Loan
Document remains in full force and effect and is hereby ratified and reaffirmed.
The execution and delivery of this Amendment shall not operate as a waiver of
any right, power

 

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or remedy of Agent, the Lenders or any other Secured Party, constitute a waiver
of any provision of the Facility Agreement or any other Loan Document or serve
to effect a novation of the obligations (including the Obligations).

SECTION 14. Effect on Loan Documents.

(a)    The Facility Agreement, as amended hereby, and each of the other Loan
Documents, as amended as of the date hereof, shall be and remain in full force
and effect in accordance with their respective terms and hereby are ratified and
confirmed in all respects. The execution, delivery, and performance of this
Amendment shall not operate, except with respect to the modifications and
amendments expressly set forth herein, as a waiver of, consent to, or a
modification or amendment of, any right, power, or remedy of Agent or any Lender
under the Facility Agreement or any other Loan Document. Except for the
amendments to the Facility Agreement expressly set forth herein, the Facility
Agreement and the other Loan Documents shall remain unchanged and in full force
and effect. The amendments, modifications and other agreements set forth herein
are limited to the specified provisions hereof, shall not apply with respect to
any facts or occurrences other than those on which the same are based, shall
neither excuse future non-compliance with the Loan Documents nor operate as a
waiver of any Default or Event of Default, shall not operate as a consent to any
further or other matter under the Loan Documents and shall not be construed as
an indication that any waiver of covenants or any other provision of the
Facility Agreement will be agreed to, it being understood that the granting or
denying of any waiver which may hereafter be requested by Borrower or any other
Loan Party remains in the sole and absolute discretion of the Agent and the
Lenders.

(b)    Upon and after the effectiveness of this Amendment, each reference in the
Facility Agreement to “this Agreement”, “hereunder”, “herein”, “hereof” or words
of like import referring to the Facility Agreement, and each reference in the
other Loan Documents to “the Facility Agreement”, “thereunder”, “therein”,
“thereof” or words of like import referring to the Facility Agreement, shall
mean and be a reference to the Facility Agreement as modified and amended
hereby.

(c)    To the extent that any of the terms and conditions in any of the Loan
Documents shall contradict or be in conflict with any of the terms or conditions
of the Facility Agreement, after giving effect to this Amendment, such terms and
conditions are hereby deemed modified and amended accordingly to reflect the
terms and conditions of the Facility Agreement as modified and amended hereby.

(d)    This Amendment is a Loan Document.

 

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SECTION 15. Guarantors’ Acknowledgment and Agreement. Although the Guarantors
party hereto have been informed of the matters set forth herein and have agreed
to the same, each such Guarantor understands, acknowledges and agrees that none
of the Secured Parties has any obligations to inform such Guarantor of such
matters in the future or to seek its acknowledgment or agreement to future
amendments, restatements, supplements, changes, modifications, waivers or
consents, and nothing herein shall create such a duty.

SECTION 16. Release.

(a)    As of the date of this Amendment, each Loan Party, for itself and on
behalf of its successors, assigns, Subsidiaries and such Loan Party’s and its
Subsidiaries’ officers, directors (and any equivalent governing body),
employees, agents, representatives, advisors, consultants, accountants and
attorneys, and any Person acting for or on behalf of, or claiming through it
(collectively, the “Releasing Persons”), hereby waives, releases, remises and
forever discharges each Secured Party, each of their respective Affiliates and
successors in title, and past, present and future officers, directors,
employees, limited partners, general partners, investors, attorneys, assigns,
subsidiaries, shareholders, trustees, agents and other professionals of the
foregoing entities and all other Persons and entities to whom any Secured Party
would be liable if such Persons were found to be liable to such Releasing
Persons (each a “Releasee” and collectively, the “Releasees”), from any and all
past, present and future claims, suits, liens, lawsuits, amounts paid in
settlement, debts, deficiencies, disbursements, demands, obligations,
liabilities, causes of action, damages, losses, costs and expenses of any kind
or character, whether based in equity, law, contract, tort, implied or express
warranty, strict liability, criminal or civil statute or common law (each a
“Claim” and collectively, the “Claims”), whether known or unknown, fixed or
contingent, direct, indirect, or derivative, asserted or unasserted, matured or
unmatured, foreseen or unforeseen, past or present, liquidated or unliquidated,
suspected or unsuspected, which such Releasing Persons ever had from the
beginning of the world until (and including) the date hereof against any such
Releasing Person which relates, directly or indirectly, to the Facility
Agreement, any other Loan Document, the Stock owned by any Releasee or to any
acts or omissions of any such Releasee with respect to the Facility Agreement or
any other Loan Document or any Stock owned by any Releasee, or to the
lender-borrower relationship evidenced by the Loan Documents or the
Warrant/Stock holder or owner-issuer of Warrant/Stock holder issuer.

(b)    As to each and every Claim released hereunder, each Loan Party hereby
agrees, represents and warrants that it has received the advice of legal counsel
with regard to the releases contained herein, and having been so advised,
specifically waives the benefit of the provisions of Section 1542 of the Civil
Code of California which provides as follows:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH
IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
THE DEBTOR.”

As to each and every Claim released hereunder, each Loan Party also waives the
benefit of each other similar provision of applicable federal, state or foreign
law (including

 

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without limitation the laws of the State of New York), if any, pertaining to
general releases after having been advised by legal counsel to such Loan Party
with respect thereto.

(c)    Each Loan Party acknowledges that it may hereafter discover facts
different from or in addition to those now known or believed to be true with
respect to such Claims and agrees that this Amendment shall be and remain
effective in all respects notwithstanding any such differences or additional
facts. Each Loan Party understands, acknowledges and agrees that the release set
forth above in this Section 16 may be pleaded as a full and complete defense and
may be used as a basis for an injunction against any action, suit or other
proceeding which may be instituted, prosecuted or attempted in breach of the
provisions of such release.

(d)    Each Loan Party hereby agrees, represents, and warrants that (a) neither
such Loan Party nor any other Releasing Person has voluntarily, by operation of
law or otherwise, assigned, conveyed, transferred or encumbered, either directly
or indirectly, in whole or in part, any right to or interest in any of the
Claims released pursuant to this Section 16; (b) this Amendment has been entered
into without force or duress, of the free will of each Loan Party, and the
decision of such undersigned to enter into this Amendment is a fully informed
decision and such undersigned is aware of all legal and other ramifications of
each such decision; and (c) such Loan Party has read and understands this
Amendment (including the release granted in this Section 16), has consulted with
and been represented by independent legal counsel of its own choosing in
negotiations for and the preparation of this Amendment, has read this Amendment
in full and final form, and has been advised by its counsel of its rights and
obligations under this Amendment.

(e)    Each Loan Party, for itself and on behalf of each other Releasing Person,
hereby absolutely, unconditionally and irrevocably covenants and agrees with and
in favor of each Releasee above that it will not sue (at law, in equity, in any
regulatory proceeding or otherwise) any Releasee on the basis of any Claim
released, remised and discharged by such Person pursuant to the above release in
this Section 16. Each Loan Party further agrees that it shall not dispute the
validity or enforceability of the this Amendment, the Facility Agreement, any of
the other Loan Documents, or any of its obligations hereunder or thereunder, or
the creation, validity, perfection, priority, enforceability or the extent of
Agent’s security interest or Lien on any item of Collateral under the Facility
Agreement and the other Loan Documents or the providing of any “control” (within
the meaning of Articles 8 and 9 under the applicable UCC) under any Control
Agreement or any other Loan Document. If any Loan Party or any other Releasing
Person breaches or otherwise violates the foregoing covenant and provisions,
such Loan Party, for itself and its Releasing Persons, agrees to pay, in
addition to such other damages as any Releasee may sustain as a result of such
violation, all attorneys’ fees, expenses and costs and any other fees, expenses
and costs incurred by such Releasee as a result of such breach or violation.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the first day written above.

 

BORROWER:

ENDOLOGIX, INC.,

a Delaware corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO OTHER LOAN PARTIES:

CVD/RMS ACQUISITION CORP.,

a Delaware corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

NELLIX, INC.,

a Delaware corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

TRIVASCULAR TECHNOLOGIES, INC.,

a Delaware corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

[Signature Page to First Amendment to Amended and Restated Facility Agreement]

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TRIVASCULAR, INC.,

a California corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

ENDOLOGIX CANADA, LLC,

a Delaware limited liability company

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

TRIVASCULAR SALES LLC,

a Texas limited liability company

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

RMS/ENDOLOGIX SIDEWAYS MERGER CORP.,

a Delaware corporation

By:  

/s/ Vaseem Mahboob

Name:   Vaseem Mahboob Title:   CFO

 

[Signature Page to First Amendment to Amended and Restated Facility Agreement]

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LENDERS: DEERFIELD PARTNERS, L.P. By:   Deerfield Mgmt, L.P.   General Partner  
By:   J.E. Flynn Capital, LLC     General Partner     By:  

/s/ David J. Clark

      Name:   David J. Clark       Title:   Authorized Signatory DEERFIELD
PRIVATE DESIGN FUND III, L.P. By:   Deerfield Mgmt III, L.P.   General Partner  
By:   J.E. Flynn Capital III, LLC     General Partner     By:  

/s/ David J. Clark

      Name:   David J. Clark       Title:   Authorized Signatory DEERFIELD
PRIVATE DESIGN FUND IV, L.P. By:   Deerfield Mgmt IV, L.P.   General Partner  
By:   J.E. Flynn Capital IV, LLC     General Partner     By:  

/s/ David J. Clark

      Name:   David J. Clark       Title:   Authorized Signatory

 

[Signature Page to First Amendment to Amended and Restated Facility Agreement]

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AGENT: DEERFIELD PRIVATE DESIGN FUND IV, L.P. By:   Deerfield Mgmt IV, L.P.  
General Partner   By:   J.E. Flynn Capital IV, LLC     General Partner     By:  

/s/ David J. Clark

      Name:   David J. Clark       Title:   Authorized Signatory

 

[Signature Page to First Amendment to Amended and Restated Facility Agreement]

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EXHIBIT A

Permitted Japan Lifeline Subordination Agreement,

Promissory Note, and related documentation

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EXHIBIT B

The ABL Amendment