Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 1 TO LOAN AGREEMENT 

THIS AMENDMENT NO. 1 TO LOAN AGREEMENT, dated as of October 11, 2017 (this “Amendment”), is made
among Omeros Corporation, a Washington corporation (“Borrower”), CRG Servicing LLC, as administrative agent and collateral agent (in such capacities, “Administrative Agent”), and the lenders listed on
the signature pages hereof (each, a “Lender” and, collectively, the “Lenders”), with respect to the Loan Agreement referred to below. 

RECITALS 
 WHEREAS,
Borrower, Administrative Agent and the Lenders are parties to the Term Loan Agreement, dated as of October 26, 2016, as partially waived pursuant to the Waiver to Loan Agreement, dated as of May 9, 2017 (the
“Waiver”), with the Subsidiary Guarantors from time to time party thereto (the “Loan Agreement”). 

WHEREAS, Borrower has requested that Administrative Agent and the Lenders (which Lenders constitute all of the Lenders party to the Loan
Agreement), and Administrative Agent and the Lenders have agreed to, amend the conditions in Sections 6.03(b) and 6.04(d), (e) and (f) of the Loan Agreement. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows: 

SECTION 1. Definitions; Interpretation. 

(a) Terms Defined in Loan 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 Agreement. 
 (b) Interpretation. The rules of interpretation set
forth in Section 1.03 of the Loan Agreement shall be applicable to this Amendment and are incorporated herein by this reference. 
 SECTION
2. Amendments. Subject to Section 3 of this Amendment: 
  

	(a)	Section 6.03(b) of the Loan Agreement is hereby amended and restated in its entirety as follows: 

  

	(b)	Borrowing Date. Such Borrowing shall occur on or prior to March 21, 2018. 

  

	(b)	Sections 6.04(d), (e) and (f) of the Loan Agreement are hereby deleted in their entirety. 

SECTION 3. Conditions of Effectiveness. The effectiveness of Section 2 of this Amendment shall be subject to the following conditions
precedent: 

 (a) Borrower, Administrative Agent and all of the Lenders shall have duly executed and delivered
this Amendment pursuant to Section 13.04 of the Loan Agreement; provided, however, that this Amendment shall have no binding force or effect unless all conditions set forth in this Section 3 have been satisfied;

 (b) No Default or Event of Default under the Loan Agreement shall have occurred and be continuing; and 

(c) Borrower shall have paid or reimbursed Administrative Agent and the Lenders for their reasonable and documented out of pocket costs and
expenses (including the reasonable and documented fees and expenses of Administrative Agent’s and the Lenders’ legal counsel) incurred in connection with this Amendment pursuant to Section 13.03(a)(i)(z) of the Loan Agreement.

 SECTION 4. Reaffirmation. Borrower hereby ratifies, confirms, reaffirms, and acknowledges its obligations under the Loan Documents to which it is
a party and agrees that the Loan Documents remain in full force and effect, undiminished by this Amendment, except as expressly provided herein, including, for the avoidance of doubt, Administrative Agent’s rights pursuant to Sections
8.01, 8.02 and 8.06 of the Loan Agreement. By executing this Amendment, Borrower acknowledges that it has read, consulted with its attorneys regarding, and understands, this Amendment. For the avoidance of doubt, the parties
confirm that the waiver of Sections 6.03(d), (e) and (f) in the Waiver continue to apply. 
 SECTION 5. Governing Law;
Submission to Jurisdiction; WAIVER OF JURY TRIAL.  

(a) Governing Law. This Amendment and the rights and obligations of the parties hereunder shall be governed by, and construed in
accordance with, the law of the State of New York, without regard to principles of conflicts of laws that would result in the application of the laws of any other jurisdiction; provided that Section 5-1401 of the New York General
Obligations Law shall apply. 
 (b) Submission to Jurisdiction. Borrower agrees that any suit, action or proceeding with respect to
this Amendment or any other Loan Document to which it is a party or any judgment entered by any court in respect thereof may be brought initially in the federal or state courts in Houston, Texas or in the courts of its own corporate domicile and
irrevocably submits to the non-exclusive jurisdiction of each such court for the purpose of any such suit, action, proceeding or judgment. This Section 5 is for the benefit of Administrative Agent and the Lenders only and, as a result,
none of Administrative Agent or any Lender shall be prevented from taking proceedings in any other courts with jurisdiction. To the extent allowed by applicable Laws, Administrative Agent and the Lenders may take concurrent proceedings in any number
of jurisdictions. 
 (c) Waiver of Jury Trial. BORROWER, ADMINISTRATIVE AGENT
AND EACH LENDER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AMENDMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. 

  
 2 

 SECTION 6. Miscellaneous. 

(a) No Waiver. Except as expressly stated herein, nothing contained herein shall be deemed to constitute a waiver of compliance with
any term or condition contained in the Loan Agreement or any of the other Loan Documents or constitute a course of conduct or dealing among the parties. Except as expressly stated herein, Administrative Agent and the Lenders reserve all rights,
privileges and remedies under the Loan Documents. Except as amended hereby, the Loan Agreement and other Loan Documents remain unmodified and in full force and effect. All references in the Loan Documents to the Loan Agreement shall be deemed to be
references to the Loan Agreement as amended hereby. 
 (b) Severability. In case any provision of or obligation under this Amendment
shall be invalid, illegal or unenforceable in any 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. 
 (c) Headings. Headings and captions used in this Amendment (including the Exhibits, Schedules and Annexes
hereto, if any) are included for convenience of reference only and shall not be given any substantive effect. 
 (d) Integration.
This Amendment constitutes a Loan Document and, together with the other Loan Documents, incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto
with respect to the subject matter hereof. 
 (e) Counterparts. This Amendment may be executed in any number of counterparts, all of
which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Amendment by signing any such counterpart. Executed counterparts delivered by facsimile or other electronic transmission (e.g.,
“PDF” or “TIF”) shall be effective as delivery of a manually executed counterpart. 
 (f) Controlling Provisions.
In the event of any inconsistencies between the provisions of this Amendment and the provisions of any other Loan Document, the provisions of this Amendment shall govern and prevail. Except as expressly modified by this Amendment, the Loan Documents
shall not be modified and shall remain in full force and effect. 
 [Remainder of page intentionally left blank] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment, as of the date first
above written. 
  

			
	BORROWER:
	
	OMEROS CORPORATION
		
	By:	 	/s/ Gregory A. Demopulos, M.D.
	Name:	 	Gregory A. Demopulos, M.D.
	Title:	 	Chairman & Chief Executive Officer

 [Signature Page – Amendment No. 1] 

			
	ADMINISTRATIVE AGENT:
	
	CRG SERVICING LLC
		
	By:	 	/s/ Nathan Hukill
	Name:	 	Nathan Hukill
	Title:	 	Authorized Signatory

  

			
	LENDERS:
	
	CRG PARTNERS III L.P.
	         By CRG PARTNERS III GP L.P., its

        General Partner

	                 By CRG PARTNERS III GP LLC,
its
                 General Partner

	                By:	 	/s/ Nathan Hukill
		 	Name: Nathan Hukill
		 	Title: Authorized Signatory
	
	CRG PARTNERS III – PARALLEL FUND “A” L.P.
	         By CRG PARTNERS III – PARALLEL FUND

        “A” GP L.P., its General Partner

	                 By CRG PARTNERS III GP
LLC, its
                 General Partner

		
	                By:	 	/s/ Nathan Hukill
		 	Name: Nathan Hukill
		 	Title: Authorized Signatory
	
	CRG PARTNERS III (CAYMAN) L.P.
	         By CRG PARTNERS III (CAYMAN) GP L.P., its

        General Partner

	                 By CRG PARTNERS III GP
LLC, its
                 General Partner

		
	                By:	 	/s/ Nathan Hukill
		 	Name: Nathan Hukill
		 	Title: Authorized Signatory
	
	                  WITNESS: /s/ Nicole Nesson

                 Name: Nicole Nesson

 [Signature Page – Amendment No. 1]Exhibit

AMENDMENT NO. 1 TO
SECURED CONVERTIBLE 
ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE 
AND TO LOAN AGREEMENT

Effective on October 11, 2017 (the “Effective Date”), each of (i) the Secured Convertible Original Issue Discount Promissory Note, dated August 21, 2017, issued by VICTORY ENERGY CORPORATION to VISIONARY PRIVATE EQUITY GROUP I, LP in the principal amount of $550,000 (the “Note”), and (ii) the Loan Agreement, dated August 21, 2017 by and between VICTORY ENERGY CORPORATION and VISIONARY PRIVATE EQUITY GROUP I, LP (the “Loan Agreement”), are hereby amended as follows:
1.Increase in Principal Amount. The principal amount of the Note is hereby increased by Seventy-One Thousand, Five Hundred Dollars ($71,500), resulting in an increase in the principal amount of the Note to Six Hundred Twenty-One Thousand, Five Hundred Dollars ($621,500).
2.Increase in Loan Amount.  The loan amount of the Note is hereby increased by Sixty-Five Thousand Dollars ($65,000), resulting in an increase in the loan amount of the Note to Five Hundred Sixty-Five Thousand Dollars ($565,000).
3.Original Issue Discount.  The Note, as amended by this Amendment No. 1 to Secured Convertible Promissory Note and Loan Agreement, is being issued at an original issue discount of Fifty-Six Thousand, Five Hundred Dollars ($56,500).
4.Extension of Maturity Date.  The Maturity Date is extended to November 30, 2017; provided, however, that the Maturity Date shall be accelerated if Borrower raises capital in an amount sufficient to repay the Principal Amount and all other amounts due under the Loan.
5.Option to Loan Additional Amounts.  The Lender shall have the option, but not the obligation, to loan to the Borrower up to an additional $250,000 on the terms specified in the Note and Loan Agreement.  If the Lender elects to loan additional amounts to the Borrower it shall deliver to the Borrower a written notice that indicates (a) the amount of the additional loan, (b) the new principal amount of the Note, (c) the new loan amount, and (d) the new aggregate original issue discount amount.  Such notice, after funding of the additional loan amount, shall automatically, and without any action on the party of the Borrower or the Lender, be deemed to be an amendment to the Note and Loan Agreement that reflects the terms described in the Lender’s written notice.  The Lender’s written notice shall be evidence of the additional loan amount absent manifest error.
6.Ratification of Remaining Provisions. Except as expressly set forth herein, all of the provisions of the Note and the Loan Agreement shall remain in full force and effect.
7.

IN WITNESS WHEREOF, the undersigned has caused this Amendment No. 1 to Secured Convertible Original Issue Discount Promissory Note and to Loan Agreement to be executed by its duly authorized officers on the Effective Date.

VISIONARY PRIVATE EQUITY GROUP I, LP, BY: VISIONARY PE GP I, LLC, 
its General Partner

By:/s/ Ronald Zamber    
Name: Ronald Zamber
Title: Senior Managing Director    

VICTORY ENERGY CORPORATION

By:/s/ Kenneth Hill    
Name: Kenneth Hill
Title: Chief Executive Officer

CONSENT OF ARMACOR

The undersigned, on behalf of Armacor Victory Ventures, LLC, consents to the foregoing amendment to the Loan Agreement and Note which increases the principal amount of the Note as described above.

ARMACOR VICTORY VENTURES, LLC

By: /s/ Rick Salas            
Rick Salas, President

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