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EXHIBIT 10.1

ASSURANT, INC.
AMENDED AND RESTATED DIRECTORS COMPENSATION PLAN

ARTICLE 1
PURPOSE

1.1   PURPOSE. The purpose of the Assurant, Inc. Amended and Restated Directors Compensation Plan is to attract, retain and compensate highly-qualified individuals who are not employees of Assurant, Inc. or any of its subsidiaries or affiliates for service as members of the Board by providing them with competitive compensation and an ownership interest in the Common Stock of the Company. The Company intends that the Plan will benefit the Company and its stockholders by allowing Non-Employee Directors to have a personal financial stake in the Company through an ownership interest in the Common Stock and will closely associate the interests of Non-Employee Directors with that of the Company’s stockholders.

1.2       ELIGIBILITY. All active Non-Employee Directors shall automatically be participants in the Plan.

ARTICLE 2
DEFINITIONS

2.1     DEFINITIONS. Unless the context clearly indicates otherwise, the following terms shall have the following meanings:

(a)        “Base Annual Retainer” means the annual cash retainer (excluding expenses) payable by the Company to a Non-Employee Director pursuant to Section 4.1 hereof for service as a director of the Company (i.e., excluding any Supplemental Annual Retainer), as such amount may be changed from time to time.

(b)        “Board” means the Board of Directors of the Company.

(c)        “Company” means Assurant, Inc., a Delaware corporation.

(d)        “Common Stock” means the common stock, par value $0.01 per share, of the Company.

(e)      “Disability” means any illness or other physical or mental condition of a Non-Employee Director that renders him or her incapable of performing as a director of the Company, or any medically determinable illness or other physical or mental condition resulting from a bodily injury, disease or mental disorder which, in the judgment of the Board, is permanent and continuous in nature. The Board may require such medical or other evidence as it deems necessary to judge the nature and permanency of a Non-Employee Director’s condition.

(f)        “Effective Date” has the meaning set forth in Section 7.6 of the Plan.

(g)        “Non-Employee Director” means a director of the Company who is not an employee of the Company. 

(h)        “Plan” means the Assurant, Inc. Amended and Restated Directors Compensation Plan, as amended from time to time.

(i)         “Plan Year(s)” means the calendar year. 

(j)        “Restricted Stock Unit” means a unit denominated in shares of Common Stock contingently awarded in accordance with Article 5.  

(k)       “Supplemental Annual Retainer” means the annual retainer (excluding expenses) payable by the Company to a Non-Employee Director pursuant to Section 4.2 hereof for service as the Chair of the Board or as a chair (or vice chair) of a committee of the Board, as such amount may be changed from time to time.

ARTICLE 3
ADMINISTRATION

3.1      ADMINISTRATION. The Plan shall be administered by the Board.  Subject to the provisions of the Plan, the Board shall be authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make all other determinations necessary or advisable for the administration of the Plan. The Board’s interpretation of the Plan, and all actions taken and determinations made by the Board pursuant to the powers vested in it hereunder, shall be conclusive and binding upon all parties concerned including the Company, its stockholders and persons granted awards under the Plan. The Board may appoint a plan administrator to carry out the ministerial functions of the Plan, but the administrator shall have no other authority or powers of the Board.

3.2         RELIANCE. In administering the Plan, the Board may rely upon any information furnished by the Company, its public accountants and other experts. No individual will have personal liability by reason of anything done or omitted to be done by the Company or the Board in connection with the Plan.

3.3       INDEMNIFICATION. Each person who is or has been a member of the Board or who otherwise participates in the administration or operation of the Plan shall be indemnified by the Company against, and held harmless from, any loss, cost, liability or expense that may be imposed upon or incurred by him or her in connection with or resulting from any claim, action, suit or proceeding in which such person may be involved by reason of any action taken or failure to act under the Plan and shall be fully reimbursed by the Company for any and all amounts paid by such person in satisfaction of judgment against him or her in any such action, suit or proceeding, provided he or she will give the Company an opportunity, by written notice to the Board, to defend the same at the Company’s own expense before he or she undertakes to defend it on his or her own behalf. This right of indemnification shall not be exclusive of any other rights of indemnification.

ARTICLE 4
CASH COMPENSATION

4.1       BASE ANNUAL RETAINER. Each Non-Employee Director shall be paid a Base Annual Retainer for service as a director during each Plan Year, payable in such installments as the Board may determine at its discretion.  The amount of the Base Annual Retainer shall be established from time to time by the Board. Until changed by the Board, the Base Annual Retainer shall be $100,000 for a full Plan Year. Each person who first becomes a Non-Employee Director on a date other than January 1 of any year shall be paid a pro-rata retainer equal to the Base Annual Retainer for such Plan Year, multiplied by a fraction, the numerator of which is the number of full months and portions thereof before the end of the Plan Year, and the denominator of which is 12. Payment of such prorated Base Annual Retainer shall begin on the date that the person first becomes a Non-Employee Director.

4.2       SUPPLEMENTAL ANNUAL RETAINER. Non-Employee Directors who serve as Chair of the Board or as a chair (or vice chair) of a committee of the Board during a Plan Year shall be paid a Supplemental Annual Retainer with respect to such service, payable quarterly at the same times as installments of the Base Annual Retainer are paid.  The amount of the Supplemental Annual Retainer shall be established from time to time by the Board. Until changed by the Board, the Supplemental Annual Retainer for a full Plan Year shall be as follows:

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		Chair
	Chair of the Board	$	180,000 	
	Audit Committee	$	25,000 	
	Vice Chair - Audit Committee	$	15,000 	
	Compensation Committee	$	20,000 	
	Nominating and Corporate Governance Committee	$	20,000 	
	Finance and Risk Committee	$	20,000 	
	Information Technology Committee	$	20,000 	
	Executive Committee	$	0 	

A pro-rata Supplemental Annual Retainer will be paid to any Non-Employee Director who becomes Chair of the Board or chairs (or vice chairs) a committee of the Board on a date other than the beginning of a Plan Year, based on the number of full months and portions thereof between the date such Non-Employee Director commenced service and the beginning of the next Plan Year.

4.3       TRAVEL EXPENSE REIMBURSEMENT. All Non-Employee Directors shall be reimbursed for reasonable travel expenses (including spouse’s expenses to attend events to which spouses are invited) in connection with attendance at meetings of the Board and its committees, or other Company functions at which the Chief Executive Officer requests the Non-Employee Director to participate. If the travel expense is related to the reimbursement of commercial airfare, such reimbursement will not exceed first class rates. If the travel expense is related to reimbursement of non-commercial air travel, such reimbursement shall not exceed the rate for comparable travel by means of commercial airlines. 

ARTICLE 5
EQUITY COMPENSATION

5.1       EQUITY GRANTS.

(a)        Initial Stock Grant. Each Non-Employee Director shall receive, on the later of the Effective Date of the Plan or the first date he or she becomes a Non-Employee Director, an award of a number of Restricted Stock Units equal to the quotient of (x) $160,000 and (y) the closing price of the Common Stock on the New York Stock Exchange on such date, rounded up to the nearest whole unit.  In no event will a director receive an initial award of shares if the next annual meeting of stockholders is within four months of the date he or she becomes a Non-Employee Director.

(b)    Annual Equity Grants. On the day following each annual meeting of the Company’s stockholders, each Non-Employee Director in service on that date will receive an award of a number of Restricted Stock Units equal to the quotient of (x) $160,000 and (y) the closing price of the Common Stock on the New York Stock Exchange on such day, rounded up to the nearest whole unit.  

(c)       Source of Awards.  The Restricted Stock Units described in this Article 5 shall be granted, and the shares of Common Stock underlying such Restricted Stock Units shall be issued, pursuant and subject to the terms and conditions of the Assurant, Inc. 2017 Long-Term Equity Incentive Plan (the “ALTEIP”).  

(d)       Award Agreements. All awards of Restricted Stock Units to a Non-Employee Director under the ALTEIP shall be evidenced by a written Award Agreement between the Company and the Non-Employee Director, which shall include such provisions, not inconsistent with the ALTEIP, as may be specified by the Board.

ARTICLE 6
AMENDMENT, MODIFICATION AND TERMINATION

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6.1      AMENDMENT, MODIFICATION AND TERMINATION. The Board may, at any time and from time to time, amend, modify or terminate the Plan; provided, that no such amendment, modification or termination shall adversely affect awards outstanding as of the effective date of such amendment; provided, further, however, that if an amendment to the Plan would constitute a change requiring shareholder approval under applicable laws, policies or regulations or the applicable listing or other requirements of a securities exchange on which the Common Stock is listed or traded, then such amendment shall be subject to stockholder approval.

ARTICLE 7
GENERAL PROVISIONS

7.1      ELECTION TO DEFER PAYMENT. A Participant may elect to defer receipt of any cash payment under the Plan. Such election shall be made in writing and delivered to the plan administrator in compliance with, and such deferral shall be governed solely by the terms of, the Assurant, Inc. Deferred Compensation Plan.

7.2     RESTRICTIONS OF LENDERS. The Company’s obligations under the Plan shall be subject to, and may from time to time be prohibited by, agreements that may be in effect from time to time among or between the Company or its affiliates and their respective lenders. In the event that the Company would not be able to perform any of its agreements or fulfill any of its obligations hereunder without violating such a loan agreement, the Company shall be excused from such performance or fulfillment with no liability therefor to the Non-Employee Directors; provided that if and when such performance or fulfillment would no longer be such a violation, the Company shall have the obligation to complete such performance or fulfillment at that time.

7.3    DURATION OF THE PLAN. The Plan shall remain in effect until the day immediately following the 2025 annual meeting of Company’s stockholders, unless terminated earlier by the Board.  

7.4       EXPENSES OF THE PLAN. The expenses of administering the Plan shall be borne by the Company. 

7.5     GOVERNING LAW.  To the extent not governed by federal law, the Plan and all Award Certificates shall be construed in accordance with and governed by the laws of the State of Delaware.

7.6      EFFECTIVE DATE. The Plan was originally adopted by the Board on October 15, 2003 and was approved by the sole stockholder on October 15, 2003. The Plan was amended by the Board on December 12, 2003, became effective on February 4, 2004 (the “Effective Date”), and was amended and restated effective May 13, 2021. 

						
	ASSURANT, INC.
		
	/s/ Francesca L. Luthi
	By:	Francesca L. Luthi
	Title: 	Executive Vice President, Chief Administrative Officer

-4-Exhibit 10.1
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Certain identified information has been excluded from the exhibit because it is both (i) not material and (ii) is the type of information that the registrant treats as private or confidential. Double asterisks denote omissions.
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FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of June 2, 2021 (the “Fourth Amendment Effective Date”), is made among Nabriva Therapeutics Public Limited Company, a public limited company incorporated in Ireland under registration number 599588 and having its registered office at 25-28 North Wall Quay, IFSC, Dublin 1, Ireland (“Parent”), Nabriva Therapeutics Ireland Designated Activity Company, a designated activity company incorporated in Ireland under registration number 612454 and having its registered office at Alexandra House, Office 225/227, The Sweepstakes, Ballsbridge, Dublin 4, D04 C7H2, Republic of Ireland (“Nabriva Ireland”; together with Parent, individually and collectively, jointly and severally, the “Borrower”), Nabriva Therapeutics GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) incorporated under the laws of the Republic of Austria, having its seat in Vienna and its registered address at Leberstraße 20, 1110 Vienna, Austria and registered with the companies’ register (Firmenbuch) of the commercial court of Vienna (Handelsgericht Wien) under registration number FN269261 Y (“Nabriva Austria”), Nabriva Therapeutics US, Inc., a Delaware corporation (“Nabriva US”), Zavante Therapeutics, Inc., a Delaware corporation (“Zavante”; together with Nabriva Austria and Nabriva US, collectively referred to as the “Guarantors” and each, a “Guarantor”), Hercules Capital, Inc., a Maryland corporation, in its capacity as administrative agent and collateral agent for itself and Lender (in such capacity, together with its successors and assigns in such capacity, “Agent”).
The Loan Parties, the Lenders and Agent are parties to a Loan and Security Agreement dated as of December 20, 2018, as amended by the First Amendment to Loan and Security Agreement dated September 26, 2019, as amended by the Second Amendment to Loan and Security Agreement dated January 21, 2020, as amended by the Third Amendment to Loan and Security Agreement dated March 11, 2020 (and as further amended, restated or modified from time to time, the “Loan and Security Agreement”).  Loan Parties have requested that the Lenders agree to certain consents and amendments to the Loan and Security Agreement.  The Lenders have agreed to such request, subject to the terms and conditions hereof.
Accordingly, the parties hereto agree as follows:
SECTION 1Definitions; Interpretation.
(a)Terms Defined in Loan and Security Agreement.  All capitalized terms used in this Amendment (including in the recitals hereof) and not otherwise defined herein shall have the meanings assigned to them in the Loan and Security Agreement.
(b)Interpretation.  The rules of interpretation set forth in the last paragraph of Section 1.1 of the Loan and Security Agreement shall be applicable to this Amendment and are incorporated herein by this reference.
SECTION 2Amendments to the Loan and Security Agreement.
(a)The Loan and Security Agreement shall be amended as follows effective as of the Fourth Amendment Effective Date:
(i)New Definitions.  The following definitions are added to Section 1.1 in their proper alphabetical order:
“Fourth Amendment” means that certain Fourth Amendment to Loan and Security Agreement, dated as of the Fourth Amendment Effective Date, by and among Borrower, the Guarantors, Agent and the Lenders party thereto.
“Fourth Amendment Effective Date” means June 2, 2021.
“Performance Milestone 7” means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing and (b) 
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receipt by Borrower after May 13, 2021 and before [**], of at least [**] Dollars ($[**]) of Net Financing Proceeds.
“Performance Milestone 8” means satisfaction of each of the following events: (a) no Event of Default shall have occurred and be continuing; (b) Borrower shall have recognized no less than $[**] in trailing three month Net Product Revenue as of the last day of any three month period ending as of or prior to February 28, 2022 as reported in connection with Section 7.1 and (c) receipt by Borrower after May 13, 2021 and on or before [**], of at least [**] Dollars ($[**]) of Net Financing Proceeds (which amount may include proceeds received to satisfy Performance Milestone 7).
(ii)Amended and Restated Definitions.  The following definitions are amended and restated as follows:
“Amortization Date” means January 1, 2022; provided however, if Interest Only Extension Conditions III is satisfied, then April 1, 2022; and provided further, if Interest Only Extension Conditions IV is satisfied, then July 1, 2022.
“Disclosed Matters” means the Loan Parties’ failure to resubmit the CONTEPO NDA, and to obtain FDA approval for CONTEPO pursuant to those certain Complete Response Letters dated April 30, 2019 and dated June 19, 2020 issued by the FDA.
“Excluded Accounts” means (i) any Deposit Account that is used solely as either an benefits account or a payroll account for the employees of any Loan Party or any of its Subsidiaries (provided that with respect to payroll accounts, the funds in any payroll account shall not exceed the amount to be paid in the ordinary course of business in the then-next payroll cycle); provided that each such accounts are disclosed in writing to Agent on the Closing Date or the next Compliance Certificate required to be delivered pursuant to Section 7.1(d) hereof for any such accounts opened on or after the Closing Date, and any account holding funds contributed by employees of any Loan Party or any of its subsidiaries and classified by the Borrower as restricted cash, (ii) Deposit Account number [**] with [**] in an aggregate amount not to exceed $[**] at any time,  (iii) Deposit Account number [**] as more particularly described in the updated Disclosure Letter delivered on the Fourth Amendment Effective Date  in an aggregate amount not to exceed $[**] at the end of any Business Day, (iv) accounts pledged to the extent permitted pursuant to clause (xiv) of the definition of Permitted Liens. (v) any zero balance account or lockbox account with respect to which funds are swept on a weekly basis to an account subject to an Account Control Agreement or a Foreign Account Pledge Agreement; provided that (A) the amount in such account does not exceed $[**] for more than 2 consecutive Business Days, and (B) each such account is disclosed in writing to Agent on the Fourth Amendment Effective Date or the next Compliance Certificate required to be delivered pursuant to Section 7.1(d) hereof for any such accounts opened thereafter, (vi) Deposit Account number [**] and identified to  the Lender in the updated Disclosure Letter delivered on the Fourth Amendment Effective Date so long as such account solely holds funds constituting a security deposit in connection with subtenant obligations owing to Parent and (vii) the accounts holding funds contributed by employees of any Loan Party or any of its subsidiaries at [**], account number [**] as identified to the Lender in the updated Disclosure Letter delivered on the Fourth Amendment Effective Date.
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“Interest Only Extension Conditions III” means satisfaction of each of the following: (a) no Event of Default has occurred and is continuing and (b) Borrower has achieved Performance Milestone 7.
“Interest Only Extension Conditions IV” means satisfaction of each of the following: (a) no Event of Default has occurred and is continuing, (b) the Interest Only Extension Conditions III has been met and (c) as of or prior to March 31, 2022, Borrower has achieved Performance Milestone 8.
“Maximum Term Loan Amount” means Five Million and No/100 Dollars ($5,000,000); provided that if Tranche 7 is fully available pursuant to the terms herein, then Ten Million and No/100 Dollars ($10,000,000).
“Net Financing Proceeds” means unrestricted (including not subject to any clawback, redemption, escrow or similar contractual restriction) net cash proceeds from bona fide equity financings and/or upfront proceeds and milestone payments from business development, corporate collaborations or similar arrangements, in each case on terms and conditions and with counterparties reasonably satisfactory to Agent and received in an account subject to an Account Control Agreement.  For the avoidance of doubt, the requirements of Section 7.21 of this Agreement (financial covenants) shall not operate as a restriction for the purposes the definition of “Net Financing Proceeds.”
“Net Product Revenue” means for any period of measurement, the aggregate net revenue recognized by Parent or any of its Subsidiaries from worldwide commercial sale and distribution of CONTEPO, Lefamulin, Sivextro or other Borrower Products (including revenue from the sale or licensing of such products in geographies in which such products have been outlicensed) reflected in the Forecast, in each case, on a consolidated basis as determined in accordance with GAAP for such period. “Net Product Revenue” does not include upfront business development proceeds and business development milestones.
“Term Loan Advance” means each Tranche 1 Advance, Tranche 7 Advance and any other Term Loan funds advanced under this Agreement.
(iii)Deleted Definitions.  The following definitions are hereby deleted: Tranche 2 Advance, Tranche 3 Advance, Tranche 4 Advance, Tranche 5 Advance and Tranche 6 Advance.
(iv)Section 2.2.  Section 2.2(a) is hereby amended and restated as follows:
(a) Advances. The Loan Parties, Lenders and Agent acknowledge and agree that a Term Loan Advance in a principal amount of Five Million Dollars ($5,000,000) is outstanding as of the Fourth Amendment Effective Date (the “Tranche 1 Advance”).  Subject to the terms and conditions of this Agreement and conditioned on approval by Lender’s investment committee in its sole discretion, beginning on the date determined by Lender’s investment committee and continuing through the Amortization Date, Borrower may request an additional Term Loan Advance in an aggregate principal amount of $5,000,000 (the “Tranche 7 Advance”). The aggregate outstanding Term Loan Advances may be up to the Maximum Term Loan Amount.
(v)Section 7.21.  Section 7.21 is hereby amended and restated as follows:
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7.21Financial Covenants.
(a)Minimum Cash.  At all times, the Loan Parties shall be required to maintain Unrestricted Cash in Deposit Accounts and Securities Accounts held in the United States and Ireland in an amount greater than or equal to Three Million Dollars ($3,000,000) plus the amount of the Loan Parties’ accounts payable under GAAP not paid after the 90th day following the invoice date for such accounts payable; provided that the testing of this minimum cash covenant shall be waived at any time in which Borrower has recognized Fifteen Million Dollars ($15,000,000) of trailing three months Net Product Revenue as demonstrated as of the most recent financial reporting period in accordance with Section 7.1.
(b)[Reserved.]
Borrower shall provide Agent evidence of compliance with the financial covenants under this Section 7.21 upon request in form and substance reasonably requested by Agent.
(vi)Section 9.3.  Section 9.3 is hereby amended and restated as follows:
9.3Material Adverse Effect.  A circumstance has occurred that has had a Material Adverse Effect; provided that solely for purposes of this Section 9.3, the failure to achieve Performance Milestone 1, Performance Milestone 2, Performance Milestone 3, Performance Milestone 4, Performance Milestone 5, Performance Milestone 6, Performance Milestone 7, Performance Milestone 8 or the occurrence of the Disclosed Matters, in each case, in and of itself, shall not constitute a Material Adverse Effect; or
(i)Section 11.2(c).  Section 11.2(c) is hereby amended and restated as follows:
(c) If to Loan Parties:
Nabriva Therapeutics Public Limited Company
Attention: General Counsel
414 Commerce Drive
Fort Washington, PA 19034
Email: [**]
Telephone: [**]
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With a copy (which shall not constitute notice) to:
Foley & Lardner LLP
111 Huntington Avenue
Boston, MA  02199-7610
Attn: Jamie N. Class
Email: jclass@foley.com
Telephone: (617) 225-3111
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(b)Compliance Certificate.  Exhibit F of the Loan and Security Agreement, the Compliance Certificate, is hereby amended and restated in its entirety as set forth in Annex A attached hereto.
(c)Commitments.Schedule 1.1 of the Loan and Security Agreement is hereby amended and restated in its entirety as set forth in Annex B attached hereto.
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(d)References Within Loan and Security Agreement.  Each reference in the Loan and Security Agreement to “this Agreement” and the words “hereof,” “herein,” “hereunder,” or words of like import, shall mean and be a reference to the Loan and Security Agreement as amended by this Amendment.
SECTION 3Conditions of Effectiveness.  The effectiveness of Section 2 of this Amendment shall be subject to the satisfaction of each of the following conditions precedent:
(a)Fees and Expenses.  The Loan Parties shall have paid all invoiced out-of-pocket costs and expenses of Agent and Lenders including the legal fees and disbursements of counsel to Agent and Lenders, in connection with the negotiation, preparation, execution and delivery of this Amendment and any other documents to be delivered in connection herewith.
(b)This Amendment.  Agent shall have received this Amendment, executed by Agent, the Lenders and the Loan Parties.
(c)Consents.  Agent shall have received certified copies of consents from each Loan Party’s respective board of directors (or applicable governing body) evidencing approval of this Amendment.
(d)Power of Attorney.  Agent shall have received a Power of Attorney for Nabriva Ireland in form and substance satisfactory to Agent.
(e)Representations and Warranties; No Default.  On the Fourth Amendment Effective Date, and after giving effect to the amendment of the Loan and Security Agreement contemplated hereby:
(i)The representations and warranties contained in Section 4 of this Amendment shall be true and correct on and as of the Fourth Amendment Effective Date as though made on and as of each such date; and
(ii)There exist no Events of Default or events that with the passage of time would result in an Event of Default.
SECTION 4Representations and Warranties.  To induce the Lenders to enter into this Amendment, each Loan Party hereby confirms, as of the Fourth Amendment Effective Date, (a) that the representations and warranties made by it in Section 5 of the Loan and Security Agreement and in the other Loan Documents are true and correct in all material respects, except to the extent such representations and warranties expressly relate to an earlier date and except that (i) Section 5.4 shall be qualified by the Disclosed Matters and (ii) [reserved]; (b) that, except for the Disclosed Matters, there has not been and there does not exist a Material Adverse Effect; (c) Schedule 5.10 of the Disclosure Letter is hereby amended and restated to contain the information contained on Annex 1 hereto and certain other information in the Disclosure Letter is hereby amended as described in Section 5(b)(iv) below; (d) Lender has and shall continue to have valid, enforceable and perfected first-priority liens, on and security interests in the Collateral and all other collateral heretofore granted by such Loan Party to Lender, pursuant to the Loan Documents or otherwise granted to or held by Lender; (e) the agreements and obligations of such Loan Party contained in the Loan Documents and in this Amendment constitute the legal, valid and binding obligations of such Loan Party, enforceable against such Loan Party in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’ rights or by the application of general principles of equity; and (f) the execution, delivery and performance of this Amendment by such Loan Party will not violate any law, rule, regulation, order, contractual obligation or organizational document of such Loan Party and will not result in, or require, the creation or imposition of any lien, claim or encumbrance of any kind on any of its properties or revenues.  For the purposes of this Section 4, each reference in Section 6 of the Loan and Security Agreement to “this Agreement,” and the words “hereof,” “herein,” “hereunder,” or words of like import in such Section, shall mean and be a reference to the Loan and Security Agreement as amended by this Amendment.
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SECTION 5Miscellaneous.
(a)Forecast.  Agent shall have received updated projections in form and substance satisfactory to Agent in its sole discretion, which projections shall constitute “Forecast” as defined in the Loan and Security Agreement.  Such projections were delivered to and accepted by the Agent on April 8, 2021.
(b)Loan Documents Otherwise Not Affected; Reaffirmation; No Novation.
(i)Except as expressly amended pursuant hereto or referenced herein, the Loan and Security Agreement and the other Loan Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all respects.  The Lenders’ and Agent’s execution and delivery of, or acceptance of, this Amendment shall not be deemed to create a course of dealing or otherwise create any express or implied duty by any of them to provide any other or further amendments, consents or waivers in the future.
(ii)Each Loan Party hereby expressly (1) reaffirms, ratifies and confirms its Obligations under the Loan and Security Agreement and the other Loan Documents, (2) reaffirms, ratifies and confirms the grant of security under Section 3.1 of the Loan and Security Agreement, (3) reaffirms that such grant of security in the Collateral secures all Obligations under the Loan and Security Agreement, and with effect from (and including) the Fourth Amendment Effective Date, such grant of security in the Collateral: (x) remains in full force and effect notwithstanding the amendments expressly referenced herein; and (y) secures all Obligations under the Loan and Security Agreement, as amended by this Amendment, and the other Loan Documents, (4) agrees that this Amendment shall be a “Loan Document” under the Loan and Security Agreement and (5) agrees that the Loan and Security Agreement and each other Loan Document shall remain in full force and effect following any action contemplated in connection herewith.
(iii)It is understood and agreed that transfers in connection with the agreements listed on Annex 1 hereto are “Permitted Transfers.”
(iv)Contemporaneously herewith, the Loan Parties have delivered to the Lender an updated Exhibits D and E to the Disclosure Letter, including a description of the bank and securities accounts of the Loan Parties as of the Fourth Amendment Effective Date, including an updated list of Excluded Accounts as of the Fourth Amendment Effective Date. It is understood and agreed that any Default or Event of Default arising from the establishment and maintenance of these accounts prior to the Fourth Amendment Effective Date is hereby waived.
(v)This Amendment is not a novation and the terms and conditions of this Amendment shall be in addition to and supplemental to all terms and conditions set forth in the Loan Documents.  Nothing in this Amendment is intended, or shall be construed, to constitute an accord and satisfaction of any Loan Party’s Secured Obligations under or in connection with the Loan and Security Agreement and any other Loan Document or to modify, affect or impair the perfection or continuity of Agent’s security interest in, (on behalf of itself and the Lenders) security titles to or other liens on any Collateral for the Secured Obligations.
(c)Conditions.  For purposes of determining compliance with the conditions specified in Section 3, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Agent shall have received notice from such Lender prior to the Fourth Amendment Effective Date specifying its objection thereto.
(d)Release.  In consideration of the agreements of Agent and each Lender contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby fully, absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and each Lender, and its successors and assigns, and its present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, Lenders and all such other persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, 
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damages and any and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which Borrower, or any of its successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation to, or in any way in connection with the Loan and Security Agreement, or any of the other Loan Documents or transactions thereunder or related thereto.  Borrower understands, acknowledges and agrees that the release set forth above 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.  Borrower agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.
(e)No Reliance.  Borrower hereby acknowledges and confirms to Agent and the Lenders that Borrower is executing this Amendment on the basis of its own investigation and for its own reasons without reliance upon any agreement, representation, understanding or communication by or on behalf of any other Person.
(f)Binding Effect.  This Amendment binds and is for the benefit of the successors and permitted assigns of each party.
(g)Governing Law.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL IN ALL RESPECTS BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAWS OTHER THAN THE LAWS OF THE STATE OF NEW YORK), INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, REGARDLESS OF THE LOCATION OF THE COLLATERAL.
(h)Complete Agreement; Amendments.  This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements with respect to such subject matter.  All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.
(i)Severability of Provisions.  Each provision of this Amendment is severable from every other provision in determining the enforceability of any provision.
(j)Counterparts.  This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Amendment.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile, portable document format (.pdf) or other electronic transmission will be as effective as delivery of a manually executed counterpart hereof.
(k)Loan Documents.  This Amendment and the documents related thereto shall constitute Loan Documents.
[Balance of Page Intentionally Left Blank; Signature Pages Follow]
​
​

7

​

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment, as of the date first above written.
BORROWER:
Nabriva Therapeutics Public Limited Company
SIGNED AND DELIVERED as a Deed
for and on behalf of
NABRIVA THERAPEUTICS PUBLIC LIMITED COMPANY
by its lawfully appointed attorney
​
	​

	​

	​

	Dan Dolan
	    
	​

	​
	​
	/s/ Dan Dolan

	​
	​
	Signature of Attorney

	in the presence of:
	​
	​

	​
	​
	​

	/s/ Donna Burns
	​
	​

	Signature of Witness
	​
	​

	​
	​
	​

	Executive Assistant
	​
	​

	Occupation of Witness
	​
	​

	​
	​
	​

	[**]
	​
	​

	Address of Witness
	​
	​

​
​

[Fourth Amendment to Loan and Security Agreement]

​

Nabriva Therapeutics Ireland Designated Activity Company
SIGNED AND DELIVERED as a Deed
for and on behalf of
NABRIVA THERAPEUTICS IRELAND DESIGNATED ACTIVITY COMPANY
by its lawfully appointed attorney
​
	​

	​

	​

	Dan Dolan
	    
	​

	​
	​
	/s/ Dan Dolan

	​
	​
	Signature of Attorney

	in the presence of:
	​
	​

	​
	​
	​

	/s/ Donna Burns
	​
	​

	Signature of Witness
	​
	​

	​
	​
	​

	Executive Assistant
	​
	​

	Occupation of Witness
	​
	​

	​
	​
	​

	[**]
	​
	​

	Address of Witness
	​
	​

​
​

[Fourth Amendment to Loan and Security Agreement]

​

​
	​

	​

	​

	​
	​
	GUARANTORS:

	​
	​
	​

	​
	​
	NABRIVA THERAPEUTICS GMBH

	​
	​
	​

	​
	​
	By:
	/s/ Mihovil Spoljaric

	​
	​
	Name:
	Mihovil Spoljaric

	​
	​
	Title:
	Managing Director

	​
	​
	​

	​
	​
	NABRIVA THERAPEUTICS US, INC.

	​
	​
	​

	​
	​
	By:
	/s/ Dan Dolan

	​
	​
	Name:
	Dan Dolan

	​
	​
	Title:
	Treasurer

	​
	​
	​

	​
	​
	ZAVANTE THERAPEUTICS, INC.

	​
	​
	​

	​
	​
	By:
	/s/ Dan Dolan

	​
	​
	Name:
	Dan Dolan

	​
	​
	Title:
	Treasurer

​
​

[Fourth Amendment to Loan and Security Agreement]

​

​
	​

	​

	​

	​
	​
	AGENT:

	​
	​
	​

	​
	​
	HERCULES CAPITAL, INC.,

	​
	​
	as Agent

	​
	​
	​

	​
	​
	By:
	/s/ Jennifer Choe

	​
	​
	Name:
	Jennifer Choe

	​
	​
	Title:
	Associate General Counsel

	​
	​
	​

	​
	​
	LENDER:

	​
	​
	​

	​
	​
	HERCULES CAPITAL, INC.,

	​
	​
	as Lender

	​
	​
	​

	​
	​
	By:
	/s/ Jennifer Choe

	​
	​
	Name:
	Jennifer Choe

	​
	​
	Title:
	Associate General Counsel

​
​

[Fourth Amendment to Loan and Security Agreement]

​

ANNEX B
​
SCHEDULE 1.1
​
COMMITMENTS
​
	​
​

	​

	​

	LENDER
​
	TRANCHE
	TERM COMMITMENT

	Hercules Capital, Inc.
	Tranche 1
​
	$5,000,000

	Hercules Capital, Inc.
​
	Tranche 7*
	$5,000,000*

	TOTAL COMMITMENTS
	​
	$5,000,000
​
($10,000,000 if Tranche 7 fully available)*
​

​
*Funding of Tranche 7 is subject to approval by Lender’s investment committee in its sole discretion.

​

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