Document:

ELGX-EX10.18.1_1HughesLeaseAmendmentNo3

Exhibit 10.18.1

THIRD AMENDMENT TO STANDARD LEASE Dated October 11, 2011 by and between FOUR-IN-ONE ASSOCIATES ("LESSOR") AND
ENDOLOGIX, INC. ("LESSEE")

This Third Amendment to the Standard Multi-Tenant Industrial Lease- Net ("Amendment") is made between Four-In-One Associates ("Lessor") and Endologix, Inc. ("Lessee"). Lessor and Lessee entered into the Standard Multi-Tenant Industrial Lease for the Premises within the building located at 1 Hughes Suite B, first and second floor- Net dated July 30, 2009 ("Lease") and First Amendment dated January 6, 2011. The Second Amendment dated April 5, 2011 for the Premises within the building located at 1 Hughes Suite B first and second floor and Suite A, second floor, in Irvine California.

Lessee and Lessor now desire to amend to include additional space located on the first floor of 1
Hughes, Suite A consisting of approximately 7,000 SF rentable square feet of space. Therefore, the Lease shall be amended as follows for the Original Premises of approximately 19,600 rentable square feet and the expansion suite located on the first floor of 1 Hughes, Suite A consisting of a total of approximately 7,000 rentable square feet of space. Therefore the Lease shall be amended as follows:

I. Premises:
The Premises shall consist of approximately 13,300 rentable square feet for Suite B and approximately 6,300 rentable square feet for Suite A upstairs, plus an additional 7,000
SF, Suite A downstairs. The total square footage leased is therefore approximately
26,600 rentable square feet.

II. Commencement & Term:
The Lease Term for the Third Amendment shall be May 1, 2012 and the expiration date for all occupancy is revised to September 30, 2014. The Lease term shall be 28 months.

III. Base Rent:
Base rental rate shall be per rentable square foot, per month effectively, on a Triple Net ("NNN") basis over the Lease term. Base Rent shall be payable upon the first (1st) day of each month commencing May 1, 2011. Base Rent lease terms for all premises shall change to be coterminous are reflect total occupancy per table below.

	
					
	Period
	Rent / S.F.
	Rent
S.F.
	Total
S.F.
	Monthly
Base Rent

	March 1, 2011- February 28, 2012

	$0.8000
	19,600
	19,600
	$15,680.00

	March 1, 2012 - April 30, 2012
	$0.8264
	19,600
	19,600
	$16,197.44

	May 1, 2012 - December 31, 2012

	$0.8264
	19,600
	26,600
	$16,197.44

	January 1, 2013 - February 28, 2013

	$0.8264
	26,600
	26,600
	$21,982.24

	March 1, 2013 - February 28, 2014

	$0.8490
	26,600
	26,600
	$22,583.40

	March 1, 2014 - September 30, 2014

	$0.8740
	26,600
	26,600
	$23,248.40

Exhibit 10.18.1

VI. Lessee Improvements:
		
	(a) 
	In lieu of a cash reimbursement based tenant improvement allowance, Lessor shall grant Lessee eight (8) full months of free rent for the incremental 7,000 square feet covered by this Lease Amendment.  The rent free period (the "Allowance") for the 7,000 square feet shall commence May 1, 2012 and end December 31, 2012 and is reflected in the Section III "Base Rent" table.  This Allowance represents a cumulative value of forty six thousand two hundred and seventy dollars and forty cents ($46,278.40) for improvements to be made by Lessee during the first twelve (12) months of the Term, which shall be approved by Lessor as set forth in Paragraph VI (b), below.. In the event any of the Alterations rise to the level of requiring the issuance of a certificate of completion or certificate of occupancy from the City of Irvine, Lessee shall provide a copy of same provided, however, that Lessor and Lessee acknowledge and agree between themselves that no such certificate will be required for non-structural or cosmetic improvements.

		
	(b) 
	Lessee shall be responsible for the completion of any Alterations. Plans and specifications  for said Alterations shall be subject to Lessor review and approval for any structural Alterations, with such approval not be unreasonably withheld, conditioned or delayed.   Lessor approval of non-structural or cosmetic improvements shall not be required.  In the event Lessor fails to provide its approval to Lessee's  plans and specifications within ten (10) business days after submission of same, Lessor shall be deemed to have approved such plans and specifications.

(c)     Lessor shall permit Lessee to install "Endologix" signage to the premises.
Signage to be consistent with city code and common practice in the immediate neighboring industrial area.  Upon request from Lessor,

It is further agreed that all other terms and conditions contained in the referenced Lease Agreement, other than modified herein, shall remain in full force and effect. If any conflict between this Amendment and the lease should arise, the terms of this Amendment shall control.

Agreed and Accepted:

	
			
	Lessor: Four-In-One Associates  
	 
	Lessee: Endologix, Inc.

	A California General Partnership        
	 
	A Delaware Corporation

	By: /s/ Richard Hunsacker   
	 
	By: /s/ Todd Abraham

	Title: GP  
	 
	Title: VP, Operations

	Date: 11/7/2011    
	 
	Date: 11/7/2011ELGX-EX10.20.3_WellsFargo-EleventhAmendCreditAgree

Exhibit 10.20.3

ELEVENTH AMENDMENT TO CREDIT AGREEMENT
This Eleventh Amendment to Credit Agreement (this “Amendment”) is entered into as of February 3, 2015, by and between WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”), ENDOLOGIX, INC. and NELLIX, INC. (each a “Borrower” and, collectively, “Borrowers”).
RECITALS
Borrowers and Bank are parties to that certain Credit Agreement dated as of October 30, 2009, as amended from time to time, including by that certain First Amendment to Credit Agreement dated as of April 13, 2010, that certain Second Amendment to Credit Agreement dated as of December 21, 2011, that certain Third Amendment to Credit Agreement dated as of February 21, 2012, that certain Fourth Amendment to Credit Agreement dated as of October 9, 2012, that certain Fifth Amendment to Credit Agreement dated as of May 15, 2013, that certain Sixth Amendment to Credit Agreement dated as of July 26, 2013, that certain Seventh Amendment to Credit Agreement dated as of December 3, 2013, that certain Eighth Amendment to Credit Agreement dated as of March 4, 2014, that certain Ninth Amendment to Credit Agreement dated as of March 31, 2014 and that certain Tenth Amendment to Credit Agreement dated as of November 12, 2014 (the “Agreement”).  
Borrowers are in default under the Agreement due to (i) Borrowers’ violation of Section 4.9(b) of the Agreement as a result of Borrowers’ failure to comply with the maximum net loss requirement for the quarter ending December 31, 2014 and (ii) Borrowers’ violation of Section 5.3 of the Agreement as a result of Borrowers’ incurring operating lease expenses in excess of One Million Dollars ($1,000,000) for the 2014 fiscal year (the “Existing Defaults”).  The parties desire to amend the Agreement in accordance with the terms of this Amendment.
NOW, THEREFORE, the parties agree as follows:
1.Section 4.9(b) of the Agreement hereby is amended and restated in its entirety to read as follows:
“(b)    Adjusted pre-tax net loss (excluding all non-cash contingent payments, accruals and/or income associated with ENDOLOGIX, INC.’s acquisition of NELLIX, INC. approved by Bank) at all times, measured cumulatively and on a quarterly basis, of not more than (i) Thirteen Million Five Hundred Thousand Dollars ($13,500,000) through March 31, 2015, (ii) Twenty Three Million Dollars ($23,000,000) through June 30, 2015 and (iii) Thirty Five Million Dollars ($35,000,000) through September 30, 2015.”
2.    Section 5.3 of the Agreement hereby is amended and restated in its entirety to read as follows:
“SECTION 5.3    LEASE EXPENDITURES.  Incur operating lease expenses in any calendar year in excess of an aggregate amount of Three Million Dollars ($3,000,000).”
3.    Borrowers acknowledge and Bank hereby waives the Existing Defaults.
4.    No course of dealing on the part of Bank or its officers, nor any failure or delay in the exercise of any right by Bank, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right.  Bank’s failure at any time to require strict performance by Borrowers of any provision shall not affect any right of Bank thereafter to demand strict compliance and performance.  Any suspension or waiver of a right must be in writing signed by an officer of Bank.
5.    Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement.  The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof.

Exhibit 10.20.3

6.    Borrowers represent and warrant that the Representations and Warranties contained in the Agreement are true and correct as of the date of this Amendment, and that no Event of Default (other than the Existing Defaults) has occurred and is continuing.  
7.    As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank:
(a)    this Amendment, duly executed by Borrowers; and
(b)    all reasonable fees and expenses incurred through the date of this Amendment, which may be debited from any of Borrowers’ accounts.
8.    This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.

[Balance of Page Intentionally Left Blank]

Exhibit 10.20.3

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.
	
		
	 
	ENDOLOGIX, INC.

	 
	 

	 
	 

	 
	By: Shelley B. Thunen

	 
	/s/ Shelley B. Thunen

	 
	Title: Chief Financial Officer

	 
	 

	 
	 

	 
	NELLIX, INC.

	 
	 

	 
	 

	 
	By: Shelley B. Thunen

	 
	/s/ Shelley B. Thunen

	 
	Title: Chief Financial Officer

	 
	 

	 
	 

	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION

	 
	 

	 
	 

	 
	By: Dennis Kim

	 
	/s/ Dennis Kim

	 
	Title: Vice President

[Signature Page to Eleventh Amendment to Credit Agreement]

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