Document:

GST-3.31.2013-Ex 10.1 CHKGSTSettlementAgreement32813

Exhibit 10.1

IN THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION

CHESAPEAKE EXPLORATION,    §
L.L.C., and CHESAPEAKE     §
ENERGY CORPORATION,     §
§
                    Plaintiffs,    §                         CIVIL NO. 4:12-cv-2922
vs.    §        
§
GASTAR EXPLORATION, LTD,    §         
GASTAR EXPLORATION     §
TEXAS, LP, and GASTAR     §
EXPLORATION TEXAS, LLC,    §
§
 Defendants.    §        

SETTLEMENT AGREEMENT

This Settlement Agreement is entered into between Plaintiffs Chesapeake Exploration, L.L.C. (“Chesapeake Exploration”) and Chesapeake Energy Corporation (“Chesapeake Energy”) and Defendants Gastar Exploration, Ltd. (“Gastar Ltd.”), Gastar Exploration Texas, LP (“Gastar LP”), and Gastar Exploration Texas, LLC (“Gastar LLC”).  
WHEREAS, Chesapeake Exploration and Chesapeake Energy filed a lawsuit against Gastar Ltd., Gastar LP, and Gastar LLC in the United States District Court for the Southern District of Texas, Case No. 4:12-cv-2922 (the “Lawsuit”);
WHEREAS, a true and correct copy of the Complaint filed in the Lawsuit is attached hereto as Exhibit 1 (the “Complaint”);
WHEREAS, Chesapeake Exploration, L.L.C., Arcadia Resources, L.P., Jamestown Resources, L.L.C. and Larchmont Resources, L.L.C. and an affiliate of Gastar Ltd., Gastar 

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Exhibit 10.1

Exploration Oklahoma, Inc., have entered into a Purchase and Sale Agreement dated as of the date hereof, a true and correct copy of which is attached hereto as Exhibit 2 (the “PSA”);
WHEREAS, the parties to the Lawsuit have now agreed to this Settlement Agreement, in order to resolve the claims, matters, and issues in disputes that are the subject of the Lawsuit on the terms, and subject to the conditions, set out in this Settlement Agreement.
NOW, THEREFORE, in consideration of the mutual promises contained in this Settlement Agreement, the receipt and sufficiency of which are hereby acknowledged, Chesapeake Exploration, Chesapeake Energy, Gastar Ltd., Gastar LP, and Gastar LLC agree as follows:
1.In the event that (i) the Closing (as defined in the PSA) occurs as provided in the PSA or (ii) Gastar delivers a Termination Settlement Notice pursuant to Section 13 of the PSA, Gastar Ltd., Gastar LP, and Gastar LLC shall pay Chesapeake Exploration and Chesapeake Energy Ten Million Seven Hundred Fifty-Two Thousand Eight Hundred and Sixty-One Dollars ($10,752,861.00) (the “Settlement Price”) in exchange for: (a) the sale, transfer, and conveyance to Gastar Ltd., or a designated subsidiary thereof, of 6,781,768 shares of Gastar Ltd. common stock currently owned by Chesapeake Energy or its subsidiaries (the “CHK Gastar Shares”) based on an allocation of a portion of the Settlement Price equal to $1.4381 per share for the CHK Gastar Shares; and (b) the dismissal with prejudice of the Lawsuit with respect to which the remainder of the Settlement Price will be allocated; provided, however, that, in the event Gastar delivers a Termination Settlement Notice pursuant to Section 13 of the PSA, the Settlement Price shall be partially satisfied out of the Deposit (as defined in the PSA) held by Chesapeake Exploration by crediting the amount of  Three Million One Hundred Seventy-Seven Thousand Five Hundred and Seventy-Five Dollars ($3,177,575.00) (the “Deposit Credit”) to the Settlement Price as provided in Section 13 of the PSA, with the remainder of the Deposit being retained by the Sellers (as defined in the PSA) as liquidated 

2

Exhibit 10.1

damages as provided in the PSA.  The Settlement Price (less the Deposit Credit, if applicable) (such amount, the “Settlement Payment”) shall be paid by Gastar Ltd., or a designated subsidiary thereof, to Chesapeake Energy by wire transfer of immediately available funds to an account designated by Chesapeake Energy (i) at the Closing (as defined in the PSA) in the event that Closing occurs as provided in the PSA or (ii) within five 5 business days of the date of delivery of the Termination Settlement Notice.  Immediately upon the receipt of the Settlement Payment, Chesapeake Energy shall deliver to Gastar Ltd. one or more common share stock certificates evidencing the CHK Gastar Shares duly endorsed for transfer to Gastar Ltd. or a designated subsidiary thereof (or such other evidence of transfer of title to the CHK Gastar Shares as may be reasonably acceptable to Gastar Ltd.).
2.    Within three business days after the delivery of the Settlement Payment to Chesapeake Energy, Chesapeake Exploration and Chesapeake Energy shall make all filings necessary and appropriate to have all claims asserted in the Lawsuit dismissed with prejudice.  
3.    Conditioned on the receiving the Settlement Payment as provided herein, Chesapeake Exploration and Chesapeake Energy hereby release Gastar Ltd., Gastar LP, and Gastar LLC, and all of the subsidiaries and affiliates of Gastar Ltd., Gastar LP, and Gastar LLC, as well as all of the agents, representatives, officers, directors, and employees of Gastar Ltd., Gastar LP, and Gastar LLC and of any of their subsidiaries and affiliates, of and from any and all claims and causes of action, whether known or unknown, whether in contract, in tort, in equity, statutory or under other applicable law, arising out of or relating in any way to any of the transactions, occurrences, actions, or omissions described in the Original Petition and Amended Petitions filed by the Plaintiffs in the Navasota Resources v. Chesapeake Exploration litigation described in the Complaint filed in the Lawsuit and/or the transactions, occurrences, actions, or omissions described 

3

Exhibit 10.1

in the Complaint filed in the Lawsuit, including but not limited to all claims and causes of action asserted in the Complaint filed in the Lawsuit.
4.    Conditioned on the transfer of the CHK Gastar Shares to Gastar Ltd. or a designated subsidiary thereof as provided herein, Gastar Ltd., Gastar LP, and Gastar LLC hereby release Chesapeake Exploration, Chesapeake Energy, and all of the subsidiaries and affiliates of Chesapeake Exploration and Chesapeake Energy, as well as all of the agents, representatives, officers, directors, and employees of Chesapeake Exploration and Chesapeake Energy and of any of their subsidiaries and affiliates,  of and from any and all claims and causes of action, whether known or unknown, whether in contract, in tort, in equity, statutory or under other applicable law, arising out of or relating in any way to any of the transactions, occurrences, actions, or omissions described in the Original Petition and Amended Petitions filed by the Plaintiffs in the Navasota Resources v. Chesapeake Exploration litigation, described in the Complaint filed in the Lawsuit and/or the transactions, occurrences, actions, or omissions described in the Complaint filed in the Lawsuit. 
5.    All parties will bear their own attorneys’ fees, expert witness fees, and other costs incurred in the Lawsuit. 
6.    The parties to this Settlement Agreement hereby stipulate, acknowledge, and agree that no representations were made by anyone to induce their agreement to the settlement set out in this Settlement Agreement, and none of the parties to this Settlement Agreement relied on any representations in agreeing to the settlement set out in this Settlement Agreement.  Without limitation of the foregoing, Chesapeake Exploration and Chesapeake Energy stipulate, acknowledge, and agree that Gastar Ltd., Gastar LP, and Gastar LLC owe no duty to Chesapeake Exploration or Chesapeake Energy to disclose any information regarding Gastar Ltd. or any of its assets, activities, operations, results, prospects, business plans, or those of its subsidiaries or affiliates, including any 

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Exhibit 10.1

such information that if made public may affect the trading value of the shares of Gastar Ltd., in connection with this Settlement Agreement or the purchase of the CHK Gastar Shares provided for in Paragraph 1 above.  Chesapeake Exploration and Chesapeake Energy stipulate, acknowledge, and agree that they are not relying on Gastar Ltd., Gastar LP, or Gastar LLC to disclose any such information, including any such information that if made public may affect the trading value of the shares of Gastar Ltd., to Chesapeake Exploration or Chesapeake Energy, and Chesapeake Exploration and Chesapeake Energy hereby waive, release, and relinquish any claims that they may have against Gastar Ltd., Gastar LP, or Gastar LLC, or any of their directors, officers, employees, agents, or representatives, based on or relating to any failure to disclose any such information.  In full recognition of the foregoing, Chesapeake Exploration and Chesapeake Energy stipulate, acknowledge and agree that they have deemed it necessary, appropriate and in their respective best interests to enter into this Settlement Agreement and sell the CHK Gastar Shares in accordance with Paragraph 1 above without knowledge of any such information.  Gastar Ltd., Gastar LP, and Gastar LLC stipulate, acknowledge, and agree that they are not relying on Chesapeake Exploration or Chesapeake Energy to disclose any information to Gastar Ltd., Gastar LP, or Gastar LLC, and Gastar Ltd., Gastar LP, and Gastar LLC hereby waive, release, and relinquish any claims that they may have against Chesapeake Exploration or Chesapeake Energy, or any of their directors, officers, employees, agents, or representatives, based on or relating to any failure to disclose any such information.  In full recognition of the foregoing, Gastar Ltd., Gastar LP, and Gastar LLC, and Gastar Ltd. stipulate, acknowledge and agree that they have deemed it necessary, appropriate and in their respective best interests to enter into this Settlement Agreement without knowledge of any such information.
7.    This Settlement Agreement shall be governed by the laws of the State of Texas.

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Exhibit 10.1

8.    This Settlement Agreement shall be binding upon and shall inure to the benefit of the parties to this Settlement Agreement and their respective successors and assigns.
9.    This instrument constitutes the entire and complete understanding of the parties hereto with respect to the subject matter hereof, constitutes the parties’ full and final settlement, and supersedes all prior agreements, arrangements and representations relating to the subject matter of this Settlement Agreement.  Each party to this Settlement Agreement acknowledges that no representations, inducements, promises, understandings or agreements, oral or otherwise, have been made by such party, or anyone acting on behalf of such party, which are not embodied herein.  Each party has relied upon such advice as it has deemed necessary together with its own judgment, and enters into this Settlement Agreement of its own free will, to accomplish the mutual intent of the parties hereto, and not based upon any representation, inducement, promise, understanding or assurance made by any other party.  Each party represents and acknowledges that such party has had the opportunity to seek the advice of any person necessary to fully evaluate this Settlement Agreement, including counsel, regarding the effect, implications and ramifications of the terms of this Settlement Agreement.
10.    In the event the Settlement Payment is not made timely to Chesapeake Energy as provided herein, this Settlement Agreement shall be null, void, and of no force and effect.
11.    This Settlement Agreement may be executed in multiple original counterparts, which together will form the agreement of the parties.
(Signature Page Follows)

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Exhibit 10.1

Executed on the dates hereinafter written.
CHESAPEAKE EXPLORATION, L.L.C.,
 
an Oklahoma limited liability company

By:  __/s/ Douglas J. Jacobson___________________
Douglas J. Jacobson,  
Executive Vice President    
Date:  March 28, 2013    

CHESAPEAKE ENERGY CORPORATION,
 
an Oklahoma corporation

By:  __/s/ Douglas J. Jacobson___________________
Douglas J. Jacobson,
Executive Vice President    
Date:  March 28, 2013  

Exhibit 10.1

Executed on the dates hereinafter written.

GASTAR EXPLORATION, LTD,
 
an Alberta corporation

By:  __/s/ J. Russell Porter___________________
Name:  J. Russell Porter
Title:    President & CEO
Date:    March 28, 2013

GASTAR EXPLORATION TEXAS , LP,
 
an Delaware limited partnership

By:  __/s/ J. Russell Porter___________________
Name:  J. Russell Porter
Title:    President
Date:    March 28, 2013

GASTAR EXPLORATION TEXAS , LLC,
 
a Delaware limited partnership

By:  __/s/ J. Russell Porter___________________
Name:  J. Russell Porter
Title:    President & Manager
Date:    March 28, 2013EX-10.3

 Exhibit 10.3 
 FIRST AMENDMENT TO CREDIT, SECURITY AND GUARANTY AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT, SECURITY AND GUARANTY AGREEMENT (this “Agreement”) is made as of this 26th day of February, 2013, by and among ALPHATEC HOLDINGS, INC., a Delaware corporation (“Alphatec
Holdings”), ALPHATEC SPINE, INC., a California corporation (“Alphatec Spine”), ALPHATEC INTERNATIONAL LLC, a Delaware limited liability company (“Alphatec International”), and ALPHATEC PACIFIC, INC. (also
known as Kabushiki-Kaisha Alphatec Pacific), a Japanese company (“Alphatec Pacific” and together with Alphatec Holdings, Alphatec Spine, and Alphatec International, each being referred to herein individually as a
“Borrower”, and collectively as “Borrowers”), and MIDCAP FUNDING IV, LLC, a Delaware limited liability company, as successor-by-assignment to MidCap Financial, LLC (as Agent for Lenders, “Agent”,
and individually, as a Lender), and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as a Lender. 
 RECITALS 
 A. Agent, Lenders, Borrowers and certain of their Affiliates and
other Credit Parties that are party thereto, have entered into that certain Credit, Security and Guaranty Agreement, dated as of June 7, 2012 (as the same may have been and may be further amended, modified, supplemented and restated from time
to time, the “Credit Agreement”), pursuant to which the Lenders have agreed to make certain advances of money and to extend certain financial accommodations to Borrowers and certain of its Affiliates (the “Loans”)
in the amounts and manner set forth in the Credit Agreement. 
 B. On October 19, 2012 (the “APA Closing
Date”), Alphatec Holdings and PHYGEN, LLC, a California limited liability company (the “Seller”), entered into that certain Asset Purchase Agreement, dated as of the APA Closing Date (the “Asset Purchase
Agreement”), pursuant to which Alphatec Holdings (i) acquired certain rights, title and interest in and to certain assets from Seller, including, a spinal implant product, together with the intellectual property rights, accounts
receivable, contractual rights, permits and applicable government consents, inventory, and all other Purchased Assets (as defined in the Asset Purchase Agreement), and (ii) assumed certain Assumed Liabilities (as defined in the Asset Purchase
Agreement). 
 C. The Asset Purchase Agreement requires that Alphatec Holdings make cash payments to Seller (collectively, the
“Phygen Payments”) in an amount equal to (i) $2,000,000 on the APA Closing Date and (ii) $4,000,000 on April 10, 2013. 
 D. In conjunction with the settlement of litigation between Alphatec Spine and Cross Medical Products, LLC, a subsidiary of Biomet, Inc. (“Cross Medical”), Alphatec Spine agreed to pay to
Cross Medical (i) an initial cash payment of $5,000,000 no later than January 6, 2012 and (ii) royalty payments in an aggregate amount of $13,000,000 in equal quarterly installments of $1,000,000, with the first payment being due on
August 1, 2012 and each subsequent payment due three months thereafter with a final payment on August 1, 2015 (collectively, the “Cross Medical Payments”): 

E. Borrowers have requested that Agent and Required Lenders exclude the payments of the amounts above from the calculation of certain
financial covenants as set forth in Credit Agreement and Agent and Required Lenders have agreed to do so, in accordance with the terms and subject to the conditions set forth herein. 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing, the terms and conditions set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Agent, Required Lenders and Borrowers hereby agree as follows: 
 1. Recitals. This Agreement
shall constitute a Financing Document and the Recitals and each reference to the Credit Agreement, unless otherwise expressly noted, will be deemed to reference the Credit Agreement as amended hereby. The Recitals set forth above shall be construed
as part of this Agreement as if set forth fully in the body of this Agreement and capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (including those capitalize terms used in the
Recitals hereto). 
 2. Amendments to Credit Agreement and Acknowledgement. 

(a) The Credit Agreement is hereby amended by replacing the defined term “Fee Letter” in its entirety with the following:

 “ “Fee Letter” means, collectively, one or more letter agreements between Agent and Borrower relating to
fees payable to Agent, for its own account, in connection with the execution of this Agreement and/or any other Financing Document and/or amendment to any of the foregoing.” 

(b) The Worksheet for calculation of Fixed Charges in Exhibit B of the Credit Agreement is hereby amended by deleting the row labeled
“Plus: Settlement payment to Cross Medical:” therein. Agent and Required Lenders acknowledge and agree that the Borrower may exclude both the Phygen Payments and the Cross Medical Payments from the calculation of Fixed Charges for
the purposes of compliance with the Fixed Charge Coverage Ratio set forth in Section 6.2 of the Credit Agreement. 

3. Representations and Warranties; Reaffirmation of Security Interest; Updated Schedules. Each Borrower hereby
(a) confirms that all of the representations and warranties set forth in the Credit Agreement are true and correct with respect to such Borrower as of the date hereof, and (b) covenants to perform its respective obligations under the
Credit Agreement. Each Borrower further represents and warrants that the organizational documents of such Borrower delivered to Agent on or prior to June 7, 2012 in connection with the Credit Agreement remain true, accurate and complete and
have not been amended, supplemented or restated and are, and continue to be, in full force and effect; Each Borrower further confirms and agrees that all security interests and Liens granted to Agent continue in full force and effect, and all
Collateral remains free and clear of any Liens, other than those granted to Agent and Permitted Liens. Nothing herein is intended to impair or limit the validity, priority or extent of Agent’s security interests in and Liens on the Collateral.
Each Borrower acknowledges and agrees that the Credit Agreement, the other Financing Documents and this Agreement constitute the legal, valid and binding obligation of each Borrower, and are enforceable against each Borrower in accordance with its
terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. 

4. Costs and Fees. Borrower shall pay to Agent all reasonable fees, costs and expenses of Agent incurred in connection with
this Agreement and all agreements and documents executed in connection herewith (the “Reimbursed Expenses”); provided, however, Agent agrees that the Reimbursed Expenses for which Borrower shall be responsible shall not exceed
$10,000; provided, further that, notwithstanding such cap on Reimbursed Expenses, Borrower shall be responsible for all out-of-pocket costs and expenses associated with this Agreement, including, but not limited to all filing fees paid to the United
States Patent and Trademark Office (the “USPTO”) associated with the filing of the IP Amendment at the USPTO. Borrowers hereby authorize Agent to deduct all of such fees set forth in this Section 4 from the proceeds of
the Loan made under the Credit Agreement. 

  
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 5. Conditions to Effectiveness. This Agreement shall become effective as of
the date on which each of the following conditions has been satisfied (the “Effective Date”): 
 (a) Borrowers
shall have delivered to Agent this Agreement, duly executed by an authorized officer of each Borrower; 
 (b) Borrowers shall
have delivered to Agent that certain First Amendment to Intellectual Property Security Agreement, by and among Borrowers and Agent (the “IP Amendment”) in substantially the same form attached hereto as Exhibit A; 

(c) all representations and warranties of Borrowers contained herein shall be true and correct in all material respects as of the date
hereof (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(d) after giving effect to the agreements set forth herein, no Default or Event of Default shall exist under any of the Financing
Documents; 
 (e) Borrower shall have delivered such other documents, information, certificates, records, permits, and filings as
the Agent may reasonably request; and 
 (f) Agent shall have received from Borrowers all of the fees owing pursuant to this
Agreement and other documents and agreements executed in connection herewith, including without limitation, Agent’s reasonable out-of-pocket legal fees and expenses pursuant to Section 4 (Costs and Fees) of this Agreement.

 6. Release. In consideration of the agreements of Agent and Required Lenders contained herein and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower, voluntarily, knowingly, unconditionally and irrevocably, with specific and express intent, for and on behalf of itself and all of its
respective parents, subsidiaries, affiliates, members, managers, predecessors, successors, and assigns, and each of their respective current and former directors, officers, shareholders, agents, and employees, and each of their respective
predecessors, successors, heirs, and assigns (individually and collectively, the “Releasing Parties”) does hereby fully and completely release, acquit and forever discharge each of Agent, Lenders, and each their respective parents,
subsidiaries, affiliates, members, managers, shareholders, directors, officers and employees, and each of their respective predecessors, successors, heirs, and assigns (individually and collectively, the “Released Parties”), of and
from any and all actions, causes of action, suits, debts, disputes, damages, claims, obligations, liabilities, costs, expenses and demands of any kind whatsoever, at law or in equity, whether matured or unmatured, liquidated or unliquidated, vested
or contingent, choate or inchoate, known or unknown that the Releasing Parties (or any of them) has against the Released Parties or any of them (whether directly or indirectly). Each Borrower acknowledges that the foregoing release is a material
inducement to Agent’s and Required Lender’s decision to enter into this Agreement and agree to the modifications contemplated hereunder, and has been relied upon by Agent and Required Lenders in connection therewith. 

7. No Waiver or Novation. The execution, delivery and effectiveness of this Agreement shall not, except as expressly
provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Credit Agreement, the Financing Documents or any other documents, instruments and agreements executed or
delivered in connection with any of the foregoing. Nothing herein is intended or shall be construed as a waiver of any existing Defaults or Events of Default under the Credit Agreement or other Financing Documents or any of Agent’s rights and
remedies in respect of such Defaults or Events of Default. This Agreement (together with any other document executed in connection herewith) is not intended to be, nor shall it be construed as, a novation of the Credit Agreement. 

  
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 8. Affirmation. Except as specifically amended pursuant to the terms hereof,
each Borrower hereby acknowledges and agrees that the Credit Agreement and all other Financing Documents (and all covenants, terms, conditions and agreements therein) shall remain in full force and effect, and are hereby ratified and confirmed in
all respects by Borrowers. Each Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit Agreement and the Financing Documents, notwithstanding any prior course of conduct, waivers, releases or other
actions or inactions on Agent’s or any Lender’s part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and conditions. 

9. Confidentiality. No Borrower will disclose the contents of this Agreement, the Credit Agreement or any of the other
Financing Documents to any third party (including, without limitation, any financial institution or intermediary) without Agent’s prior written consent, other than to Borrowers’ officers and advisors on a need-to-know basis or as otherwise
may be required by Law, including to any court or regulatory agency having jurisdiction over such Borrower. Each Borrower agrees to inform all such persons who receive information concerning this Agreement, the Credit Agreement and the other
Financing Documents that such information is confidential and may not be disclosed to any other person except as may be required by Law, including to any court or regulatory agency having jurisdiction over such Borrower. 

10. Miscellaneous. 
 (a) Reference to the Effect on the Credit Agreement. Upon the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically amended above, the Credit Agreement, and all other Financing Documents
(and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by Borrowers. 
 (b) Incorporation of Credit Agreement Provisions. The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing Law; Submission to Jurisdiction) and
Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety. 
 (c) Headings. Section headings in this Agreement are included for convenience of reference only and shall not constitute a part of this Agreement for any other purpose. 

(d) Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original and all of
which when taken together shall constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by facsimile or by electronic mail delivery of an electronic version (e.g., .pdf or .tif file) of an executed signature
page shall be effective as delivery of an original executed counterpart hereof and shall bind the parties hereto. 
 (e)
Entire Agreement. This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

(f) Severability. In case any provision of or obligation under this Agreement shall be invalid, illegal or unenforceable in any
applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

  
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 (g) Successors/Assigns. This Agreement shall bind, and the rights hereunder shall
inure to, the respective successors and assigns of the parties hereto, subject to the provisions of the Credit Agreement and the other Financing Documents. 
 [SIGNATURES APPEAR ON FOLLOWING PAGES] 

  
 5 

 IN WITNESS WHEREOF, intending to be legally bound, and intending that this document
constitute an agreement executed under seal, the undersigned have executed this Agreement under seal as of the day and year first hereinabove set forth. 
  

									
	AGENT:	 		 	 MIDCAP FUNDING IV, LLC,
 as Agent
	 	
					
		 		 	By:	 	  /s/Brett Robinson	 	(SEAL)
		 		 	Name:	 	Brett Robinson	 	
		 		 	Title:	 	Managing Director	 	

  

									
	LENDER:	 		 	 MIDCAP FUNDING IV, LLC,
 as a Lender
	 	
					
		 		 	By:	 	  /s/Brett Robinson	 	(SEAL)
		 		 	Name:	 	Brett Robinson	 	
		 		 	Title:	 	Managing Director	 	

 [Signatures Continue on Following Page] 

 
  
  

 
 [Signatures Continue on Following Page] 

									
	BORROWERS:	 		 	 ALPHATEC HOLDINGS, INC.,
 a Delaware corporation
	 	
					
		 		 	By:	 	/s/Michael O’Neill	 	(SEAL)
		 		 	Name:	 	Michael O’Neill	 	
		 		 	Title: Chief Financial Officer and Treasurer	 	

  

									
		 		 	 ALPHATEC SPINE, INC.,
 a California corporation
	 	
					
		 		 	By:	 	/s/Michael O’Neill	 	(SEAL)
		 		 	Name:	 	Michael O’Neill	 	
		 		 	Title: Chief Financial Officer and Treasurer	 	

  

									
		 		 	 ALPHATEC INTERNATIONAL LLC,
 a Delaware limited liability company
	 	
					
		 		 	By:	 	/s/Michael O’Neill	 	(SEAL)
		 		 	Name:	 	Michael O’Neill	 	
		 		 	Title: Chief Financial Officer and Treasurer	 	

  

									
		 		 	 ALPHATEC PACIFIC, INC.
 a Japanese company
	 	
					
		 		 	By:	 	/s/ Mitsuo Asai	 	(SEAL)
		 		 	Name:	 	Mitsuo Asai	 	
		 		 	Title: President API	 	

 [End of Signature Pages] 

 EXHIBIT A 

IP Amendment – see attached 
  

 
  
  

 
 Exhibit A

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