Document:

‌Exhibit 10.1

Waiver and Third Amendment to Credit Agreement and Guaranty
This Waiver and Third Amendment to Credit Agreement and Guaranty (herein, this “Agreement”) is entered into as of March 10, 2022 (the “Third Amendment Effective Date”), by and among Agile Therapeutics, Inc., a Delaware corporation (the “Borrower”), the Lenders party hereto (each a “Lender” and collectively, the “Lenders”) and Perceptive Credit Holdings III, LP, a Delaware limited partnership, as a lender and as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).
Recitals:
A.The Lenders have extended credit to the Borrower on the terms and conditions set forth in that certain Credit Agreement and Guaranty, dated as of February 10, 2020 (as amended by that certain Waiver and First Amendment to Credit Agreement and Guaranty dated as of February 26, 2021 and that certain Waiver and Second Amendment to Credit Agreement and Guaranty dated as of January 7, 2022, the “Existing Credit Agreement”; the Existing Credit Agreement as amended by this Agreement, the “Credit Agreement”).   
B. Pursuant to Section 8.01(b) of the Credit Agreement, the Borrower is required to deliver annual financial statements that are not subject to any “‘going concern’ or like qualification or exception” (the “Going Concern Requirement”).  
C. The Borrower has advised the Administrative Agent that it will not be able to deliver financial statements for the year-ending December 31, 2021 that satisfy the Going Concern Requirement (the “Specified Obligation”).
D. The Borrower has requested that the Administrative Agent and the Lenders agree to waive the Specified Obligation.
E. The Administrative Agent and the Lenders are willing to grant such waiver in accordance with and subject to the terms and conditions of this Agreement.

F.The Borrower has requested that the Administrative Agent and the Lenders agree to amend certain provisions of the Existing Credit Agreement. 
G. The parties hereto agree to amend the Existing Credit Agreement pursuant to the terms of this Agreement.
Now, Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
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1.Incorporation of Recitals; Defined Terms.  The parties hereto acknowledge that the Recitals set forth above are true and correct in all material respects.  The defined terms in the Recitals set forth above are hereby incorporated into this Agreement by reference.  All other capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement. 

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2.Limited Waiver.  Pursuant to Section 13.04 of the Credit Agreement and subject to the terms and conditions hereof, the Administrative Agent and the Lenders hereby waive the Specified Obligation. For the avoidance of doubt, this waiver is effective solely as a waiver of the Specified Obligation and does not constitute a waiver of any other Default or Event of Default.
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3.Third Amendment to Existing Credit Agreement.  Upon satisfaction of the conditions set forth in Section 6 hereof, the Borrower, the Lenders and the Administrative Agent hereby agree that the Existing Credit Agreement is hereby amended by incorporating the changes shown on the marked copy of the Existing Credit Agreement attached hereto as Annex A.  Deletions of text in the Existing Credit Agreement as amended hereby are indicated by struck-through red text, and insertions of text as amended hereby are indicated by underlined blue text.  Attached hereto as Annex B is a clean copy of the Credit Agreement conformed through the Third Amendment.  
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4.Acknowledgement of Liens.  The Borrower hereby acknowledges and agrees that the Obligations owing to the Administrative Agent and the Lenders arising out of or in any manner relating to the Loan Documents shall continue to be secured by the Liens granted as security therefor in the Loan Documents, to the extent provided for in the Loan Documents heretofore executed and delivered by the Borrower; and nothing herein contained shall in any manner affect or impair the priority of the Liens created and provided for thereby as to the indebtedness, obligations, and liabilities which would be secured thereby prior to giving effect to this Agreement.  
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5.Representations And Warranties.  In order to induce the Administrative Agent and the Lenders to enter into this Agreement, the Borrower hereby represents and warrants to the Administrative Agent and the Lenders as follows:

(A)After giving effect to this Agreement, the representations and warranties of the Borrower contained in Article 7 of the Credit Agreement and in each other Loan Document shall be true and correct in all material respects on and as of the date hereof; provided that to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates. 
(B)The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of, and duly executed and delivered by, the Borrower.  
(C)No Default or Event of Default has occurred and is continuing or shall occur and be continuing immediately after giving effect to this Agreement.
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6.Conditions Precedent.  The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent:  

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(A)The Agent and the Lenders shall have received executed counterparts of this Agreement duly executed and delivered by the Borrower.
(B)The Administrative Agent and the Lenders shall have been reimbursed by the Borrower for all fees and expenses (including attorneys’ fees and expenses) incurred by the Agent and its counsel outstanding as of the date hereof. 
(C)The Administrative Agent and the Lenders shall have received resolutions of the board of directors (or similar governing body or committee of the board of directors, as applicable) of the Borrower approving and authorizing the execution, delivery and performance of this Agreement, certified as of the Third Amendment Effective Date by its secretary or assistant secretary as being in full force and effect without modification or amendment. 
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7.Reference to and Effect on the Loan Documents; No Novation.

(A)This Agreement constitutes a Loan Document.  On and after the date hereof, words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement after giving effect to this Agreement.
(B)Except as specifically set forth in this Agreement, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
(C)Except as expressly set forth in this Agreement, the Loan Documents and all of the obligations of the Loan Parties thereunder and the rights and benefits of the Administrative Agent and the Lenders thereunder remain in full force and effect. This Agreement is not a novation nor is it to be construed as a release, waiver or modification of any of the terms, conditions, representations, warranties, covenants, rights or remedies set forth in the Loan Documents, except as specifically set forth herein. Without limiting the foregoing, the Loan Parties agree to comply with all of the terms, conditions, and provisions of the Loan Documents except to the extent such compliance is irreconcilably inconsistent with the express provisions of this Agreement. This Agreement may not be amended, supplemented, or otherwise modified except by a written agreement entered into in accordance with Section 13.04 of the Credit Agreement. THIS AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
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8.Headings.  The headings in this Agreement are included for convenience of reference only and will not affect in any way the meaning or interpretation of this Agreement.
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9.Governing Law.  This Agreement, and all questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of New York.

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10. Incorporation of Sections 13.10 and 13.11 of the Credit Agreement.  The provisions set forth in Sections 13.10 (Jurisdiction, Service of Process and Venue) and 13.11 (Waiver of Jury Trial) of the Credit Agreement shall apply to this Agreement in all respects.
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11.Counterparts.  This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Agreement.  Delivery of an executed counterpart of this Agreement by facsimile, DocuSign or a scanned copy by electronic mail shall be equally as effective as delivery of an original executed counterpart of this Agreement. 
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12.Severability.  If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any party.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.  
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13.Binding Effect.  This Agreement will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto.  
[Signature Pages to Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.
AGILE THERAPEUTICS, INC., as Borrower
		By:
	/s/ Alfred Altomari

Name:  Alfred Altomari
Title:  Chairman and Chief Executive Officer
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PERCEPTIVE CREDIT HOLDINGS III, LP,
as Agent and Lender
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By:  Perceptive Credit Opportunities GP, LLC, its general partner
		By:
	   /s/ Sandeep Dixit                                    

Name: Sandeep Dixit
Title: Chief Credit Officer 
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		By:
	  /s/ Sam Chawla

Name: Sam Chawla
Title: Portfolio Manager 
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ANNEX A
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Marked Credit Agreement
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ANNEX B
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Conformed Credit Agreement
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(Third Amendment) 

​Exhibit 10.1

 

Execution Version

 

FIRST Amendment
To Investment management trust agreement

 

THIS FIRST AMENDMENT TO INVESTMENT
MANAGEMENT TRUST AGREEMENT (this “Amendment”) is made and entered into as of March 14, 2022 by and among FirstMark
Horizon Acquisition Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust
Company, a New York corporation (the “Trustee”). Capitalized terms used and not defined herein have the respective
meanings ascribed to them in the Trust Agreement (as defined below).

 

RECITALS

 

A. The Company and the
Trustee entered into an Investment Management Trust Agreement (the “Trust Agreement”), dated as of October
5, 2020, and now wish to amend the Trust Agreement in accordance with the terms of the Trust Agreement and this Amendment.

 

B. Section 6(c) of the Trust Agreement provides that the Trust Agreement may be amended or modified by a writing signed by each of
the parties to the Trust Agreement.

 

NOW, THEREFORE, in consideration
of the premises, and of the representations, warranties, covenants and agreements contained herein, the value, receipt and sufficiency
of which are hereby acknowledged, the Company and the Trustee hereby agree as follows:

 

1. Amendment
to Second Recital. The second recital of the Trust Agreement is hereby amended and restated in its entirety to read as follows:

 

“WHEREAS, the
Company has entered into an Underwriting Agreement (as amended or restated from time to time, the “Underwriting Agreement”)
with Credit Suisse Securities (USA) LLC, as representative (the “Representative”) of the several underwriters
(the “Underwriters”) named therein; and”

 

2. Amendment
to Fourth Recital. The fourth recital of the Trust Agreement is hereby amended and restated in its entirety to read as follows:

 

“WHEREAS, pursuant
to the Underwriting Agreement, a portion of the Property equal to $9,990,000 is attributable to deferred underwriting discounts and commissions
that may be payable by the Company to the Underwriters upon the consummation of the Business Combination (as defined below) the “Deferred
Discount”); and”

 

3. Effect of Amendment. Each of the Company and the Trustee represents that it has all necessary power and authority to enter
into and perform the obligations of this Amendment and that there are no consents or approvals required to be obtained by such party for
such party to enter into and perform its obligations under this Amendment that have not been obtained. This Amendment shall be deemed
incorporated into, and form a part of, the Trust Agreement and have the same legal validity and effect as the Trust Agreement. Except
as expressly and specifically amended hereby, all terms and provisions of the Trust Agreement are and shall remain in full force and effect,
and all references to the Trust Agreement in this Amendment and in any ancillary agreements or documents delivered in connection with
the Trust Agreement shall hereafter refer to the Trust Agreement as amended by this Amendment, and as it may hereafter be further amended
or restated. Each reference in the Trust Agreement to “this Agreement,” “herein,” “hereof,” “hereunder”
or words of similar import shall hereafter be deemed to refer to the Trust Agreement as amended hereby (except that references in the
Trust Agreement to the “date hereof” or “date of this Agreement” or words of similar import shall continue to
mean October 5, 2020).

 

4. Inconsistency or Conflict. In the event of any inconsistency or conflict between the terms and provisions of the Trust Agreement,
on the one hand, and this Amendment, on the other hand, the terms and provisions of this Amendment shall govern and control.

 

5. Additional Provisions. The provisions contained in Section 5 (Termination) and Section 6 (Miscellaneous) of the Trust Agreement
are hereby incorporated by reference into this Amendment, mutatis mutandis, and made a part of this Amendment as if set forth fully
herein.

 

6. Counterparts.
This Amendment may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

[Signature page follows]

  

     

     

    

 

IN WITNESS WHEREOF, the Company
and the Trustee have caused this Amendment to be executed and delivered as of the date first written above by their respective officers
thereunto duly authorized.

 

	 	FIRSTMARK HORIZON ACQUISITIN

                    CORP.

	 	 	 
	 	By:	/s/ Amish Jani
	 	 	Name:  	Amish Jani
	 	 	Title:	President

 

	 	TRUSTEE:
	 	 	 
	 	CONTINENTAL STOCK TRANSFER &

                    TRUST COMPANY, as Trustee

	 	 	 
	 	By:	/s/ Francis Wolf
	 	 	Name: 	Francis Wolf
	 	 	Title:	Vice President

 

[Signature Page to First Amendment to Investment
Management Trust Agreement]

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