Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 
 This
AMENDING AGREEMENT is dated as of September 25, 2020. 
 AMONG: 

AMALGO CORPORATION (formerly Neograft Solutions Inc., the entity existing following the amalgamation of NeoGraft
Solutions Inc., NeoGrafters Limited, and 1904247 Ontario Ltd.), (“Canadian Vendor Amalco”), a corporation existing under the laws of the Province of Ontario 

– and – 

AMALGO HOLDING CORP. (formerly NeoGraft Holding Corp.), a corporation existing under the laws of the State of Delaware
(“Holdings US”) 
 – and – 

AMALGO SOLUTIONS CORP. (formerly NeoGraft Solutions Corp.), a corporation existing under the laws of the State of
Delaware (“Solutions US”) 
 – and – 

AMALGO US CORP. (formerly NeoGrafters US Corp.), a corporation existing under the laws of the State of Delaware
(“Grafters US” and together with Holdings US and Solutions US, the “US Vendors”) 
 – and – 

AMALGO (formerly Societe De Promotion Et Diffusion D’equipement Medical Medicamat), a corporation existing under
the laws of France (the “French Vendor” and together with Canadian Vendor Amalco and the US Vendors, the “Vendors”) 

– and – 

MIRIAM MERKUR, an individual resident in the Province of Ontario (“Miriam” and collectively with the
Vendors, the “Vendor Parties”) 
 – and – 

VENUS CONCEPT LTD., a corporation existing under the laws of Israel (the “Purchaser”) 

WHEREAS the Vendor Parties and the Purchaser are parties to a master asset purchase agreement dated as of
January 26, 2018 (the “MAPA”); 
 AND WHEREAS in accordance with the terms of Section 2.10
of the MAPA the Purchaser has paid Canadian Vendor Amalco an aggregate of $1,203,376.07 of the Earn-Out Amount; 

AND WHEREAS the Parties desire to amend the terms of the MAPA in accordance with Section 1.12 of the MAPA to
establish a payment plan for the remaining portion of the Earn-Out Amount, such amount being $796,623.93 (the “Earn Out Balance”), to be paid by the Purchaser to Canadian Vendor Amalco as set
forth herein; 

 NOW THEREFORE THIS AMENDING AGREEMENT WITNESSETH that in
consideration of the mutual covenants and agreements hereinafter contained, the parties hereto (collectively, the “Parties”, and individually a “Party”) hereby agree as follows: 

 

	1.	 The Parties acknowledge, confirm and agree that notwithstanding anything in the MAPA to the contrary
(including, Section 2.10(c)(ii) of the MAPA), that the Earn Out Balance shall be due and payable as follows: 

  

	 	(a)	 $150,000 on September 25, 2020; 

 

	 	(b)	 $100,000 on or before October 2, 2020; 

 

	 	(c)	 $200,000 on or before November 1, 2020; 

 

	 	(d)	 $200,000 on or before December 1, 2020; and 

 

	 	(e)	 $146,623.93 on or before January 1, 2021. 

 

	2.	 Notwithstanding anything in the MAPA to the contrary, any overdue payments under Section 1 of this
Amending Agreement shall bear interest at a rate of ten percent (10%) per annum equal, calculated and payable monthly, with interest on overdue interest at the same rate, from the date that a payment under Section 1 of this Amending Agreement
is due and payable to the date immediately prior to the date such payment is made by the Purchaser to Canadian Vendor Amalco. For certainty, any failure to make any payment under Section 1 of this Amending Agreement when due and payable shall
be a breach of Section 2.10 of the MAPA, and any claim for indemnification in respect thereof may also include a claim for the foregoing interest. 

  

	3.	 The Vendor Parties hereby release, discharge and waive all Claims (including any potential Claims not yet
asserted) in relation to any breaches of Section 2.10 of the MAPA occurring prior to the entering into of this Amending Agreement . 

  

	4.	 The provisions contained in this Amending Agreement shall be deemed to be additions to the provisions of the
MAPA, to the extent necessary to give full and complete effect to the provisions herein contained, and this Amending Agreement shall be supplementary to the MAPA and shall be read and construed therewith as if the MAPA and this Amending Agreement
constituted but one document. Except as otherwise defined herein, the capitalized terms used in this Amending Agreement shall have the same meanings as ascribed to them in the MAPA. 

 

	5.	 All amounts in this Amending Agreement are stated and shall be paid in the currency of the United States of
America. 

  

	6.	 The Parties wish to confirm the agreements set out in the MAPA, as amended and supplemented by the terms
contained herein. The terms and conditions of the MAPA shall remain in full force and effect, unamended except for the agreements, amendments and supplements effected under this Amending Agreement. 

	7.	 This Amending Agreement may be executed by the Parties in separate counterparts by original or electronic
signature, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Delivery of an executed signature page to this Amending Agreement by any Party by
electronic transmission will be as effective as delivery of a manually executed copy of this Amending Agreement by such Party. 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF the Parties have caused this Amending Agreement to be executed as
of the day and year first above written. 
  

													
	AMALGO CORPORATION	 	AMALGO HOLDING CORP.
					
	 Per:
	 	 /s/ Miriam Merkur
	 		 	 Per:
	 	 /s/ Miriam Merkur

		 	 Name:
	 	 Miriam Merkur
	 		 		 	 Name:
	 	 Miriam Merkur

		 	 Title:
	 	 President
	 		 		 	 Title:
	 	 President

		
	AMALGO SOLUTIONS CORP.	 	AMALGO US CORP.
					
	 Per:
	 	 /s/ Miriam Merkur
	 		 	 Per:
	 	 /s/ Miriam Merkur

		 	 Name:
	 	 Miriam Merkur
	 		 		 	 Name:
	 	 Miriam Merkur

		 	 Title:
	 	 President
	 		 		 	 Title:
	 	 President

			
	 /s/ Miriam Merkur

MIRIAM MERKUR
	 		 	AMALGO
	 		 	  
 Per:
	 	  
 /s/
Miriam Merkur

		 		 		 		 		 	 Name:
	 	 Miriam Merkur

		 		 	 Title:
	 	 President

					
		 		 		 		 	VENUS CONCEPT LTD.
						
		 		 		 		 	 Per:
	 	 /s/ Domenic Serafino

		 		 		 		 		 	 Name:
	 	 Dom Serafino

		 		 	 Title:
	 	 CEOEX-10.2

 Exhibit 10.2 

FOURTEENTH AMENDMENT TO CREDIT AGREEMENT 

THIS FOURTEENTH AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) dated as of September 30, 2020 (the
“Fourteenth Amendment Effective Date”) is entered into among VENUS CONCEPT CANADA CORP., an Ontario corporation (“Venus Canada”), VENUS CONCEPT USA INC., a Delaware corporation (“Venus USA” and
together with Venus Canada, each a “Borrower” and collectively, the “Borrowers”), VENUS CONCEPT LTD., an Israeli corporation (the “Parent”), VENUS CONCEPT INC., a Delaware corporation (the
“Super Parent”), the Lenders party hereto and MADRYN HEALTH PARTNERS, LP, a Delaware limited partnership, as Administrative Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings given to
such terms in the Credit Agreement (as defined below). 
 RECITALS 

WHEREAS, the Borrowers, the Parent, the Super Parent, the other Guarantors, the Lenders and the Administrative Agent are
parties to that certain Credit Agreement dated as of October 11, 2016 (as amended by that certain First Amendment to Credit Agreement and Investment Documents dated as of May 25, 2017, that certain Second Amendment to Credit Agreement and
Consent Agreement dated as of February 15, 2018, that certain Third Amendment to Credit Agreement and Waiver dated as of August 14, 2018, that certain Fourth Amendment to Credit Agreement dated as of January 11, 2019, that certain
Fifth Amendment to Credit Agreement dated as of March 15, 2019, that certain Sixth Amendment to Credit Agreement and Consent dated as of April 25, 2019, that certain Seventh Amendment to Credit Agreement, Consent and Waiver dated as of
June 25, 2019, that certain Omnibus Amendment and Waiver dated as of July 26, 2019, that certain Ninth Amendment to Credit Agreement dated as of August 14, 2019, that certain Tenth Amendment to Credit Agreement, Consent and Joinder
Agreement dated as of November 7, 2019, that certain Eleventh Amendment to Credit Agreement and Consent Agreement dated as of March 20, 2020, that certain Twelfth Amendment to Credit Agreement dated as of April 29, 2020, that certain
Thirteenth Amendment to Credit Agreement dated as of June 30, 2020, and as further amended or modified from time to time, the “Credit Agreement”); 

WHEREAS, the Loan Parties have requested that the Credit Agreement be amended to provide for certain modifications to the
terms of the Credit Agreement; and 
 WHEREAS, the Lenders are willing to amend the Credit Agreement subject to the terms
and conditions hereof; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Amendments. Effective as of the Fourteenth Amendment Effective Date, the Credit Agreement shall be amended as
follows: 
 (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions
thereto in appropriate alphabetical order: 
 “First PIK Period” has the meaning set forth
in Section 2.06(c)(i)(A). 
 “First PIK Period Paid-in-Kind Interest” has the meaning set forth in Section 2.06(c)(i)(A). 

  
 1 

 “Fourteenth Amendment Effective Date” means
September 30, 2020. 
 “Second PIK Period” has the meaning set forth in
Section 2.06(c)(i)(B). 
 “Second PIK Period Cash Interest” has
the meaning set forth in Section 2.06(c)(i)(B). 
 “Second PIK Period Paid-in-Kind Interest” has the meaning set forth in Section 2.06(c)(i)(B). 

(b) Section 1.01 of the Credit Agreement is hereby amended by deleting the definitions of “Paid-in-Kind Interest” and “PIK Period” appearing therein in their entirety. 

(c) Section 2.06(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 (a) Pre-Default Rate. Subject to the provisions of
subsection (b) below, each Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date thereof, at a rate per annum equal (i) to nine percent (9.00%) per annum at all times other than
during the First PIK Period and the Second PIK Period, (ii) twelve percent (12.00%) per annum during the First PIK Period, and (iii) ten and one-half of one percent (10.50%) per annum during the
Second PIK Period (collectively, the “Interest Rate”). 
 (d) Section 2.06(c)(i) of the
Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 (i) (A) Commencing on
January 1, 2020 and continuing through and including the Interest Payment Date to occur on June 30, 2020 (the “First PIK Period”), the full amount of interest accruing on the Loans (the “First PIK Period Paid-in-Kind Interest”) shall be due and payable on each such Interest Payment Date by adding such First PIK Period Paid-in-Kind Interest to the outstanding principal amount of the applicable Loans on such Interest Payment Date. For the avoidance of doubt, (w) it is hereby acknowledged and agreed that the outstanding
principal amount of the Loans after giving effect to the First PIK Period Paid-in-Kind Interest added thereto on the Interest Payment Date occurring March 31, 2020
was $64,601,810, (x) it is hereby acknowledged and agreed that the outstanding principal amount of the Loans after giving effect to the First PIK Period Paid-in-Kind
Interest added thereto on the Interest Payment Date occurring on the Twelfth Amendment Effective Date was $65,226,294, (y) it is hereby acknowledged and agreed that the outstanding principal amount of the Loans after giving effect to the First PIK
Period Paid-in-Kind Interest added thereto on the Interest Payment Date occurring on June 30, 2020 was $66,574,304.07, and (z) it is hereby acknowledged and
agreed that the interest payment due and payable on the first Interest Payment Date to occur after the end of the First PIK Period shall be calculated commencing with the first day following the First PIK Period. 

  
 2 

 (B) Commencing on July 1, 2020 and continuing through
and including the Interest Payment Date to occur on September 30, 2020 (the “Second PIK Period”), (1) a portion of the interest accruing on the Loans at a rate equal to four and one-half
of one percent (4.50%) per annum (the “Second PIK Period Cash Interest”) shall be due and payable in cash in arrears on each such Interest Payment Date, and (2) the portion of the interest accruing on the Loans in excess of the
Second PIK Period Cash Interest (such portion, the “Second PIK Period Paid-in-Kind Interest”) shall be due and payable on each such Interest Payment
Date by adding such Second PIK Period Paid-in-Kind Interest to the outstanding principal amount of the applicable Loans on such Interest Payment Date. For the avoidance
of doubt, (x) it is hereby acknowledged and agreed that the outstanding principal amount of the Loans after giving effect to the Second PIK Period Paid-in-Kind
Interest added thereto on the Interest Payment Date occurring on the Fourteenth Amendment Effective Date was $67,595,110.07, (y) it is hereby acknowledged and agreed that the amount of Second PIK Period Cash Interest due and payable on the
Fourteenth Amendment Date was $765,604.50, and (z) it is hereby acknowledged and agreed that the interest payment due and payable on the first Interest Payment Date to occur after the end of the Second PIK Period shall be calculated commencing
with the first day following the Second PIK Period. 
 2. Conditions Precedent. This Agreement shall be effective
upon satisfaction of the following conditions precedent: 
 (a) receipt by the Administrative Agent of
counterparts of this Agreement duly executed by the Loan Parties, the Lenders and the Administrative Agent; and 

(b) receipt by the applicable party of all accrued fees and reasonable and documented out-of-pocket expenses of the Administrative Agent and the Lenders (including, without limitation, the fees and expenses of counsel for the Administrative Agent). 

3. Reaffirmation. Each of the Loan Parties acknowledges and reaffirms (a) that it is bound by all of the terms of
the Investment Documents to which it is a party, (b) that it is responsible for the observance and full performance of all of the Obligations, including without limitation, the repayment of the Loans and (c) that the Credit Agreement and
the other Investment Documents shall remain in full force and effect according to their terms, except as expressly modified or waived by this Agreement. Furthermore, the Loan Parties acknowledge and confirm that by entering into this Agreement, the
Administrative Agent and the Lenders do not, except as expressly set forth herein, waive or release any term or condition of the Credit Agreement or any of the other Investment Documents or any of their rights or remedies under such Investment
Documents or any applicable Law or any of the obligations of the Loan Parties thereunder. 
 4. Release. As a
material part of the consideration for Administrative Agent and the Lenders entering into this Agreement (this Section 4 being the “Release Provision”): 

(a) By their respective signatures below, the Loan Parties hereby agree that the Administrative Agent, the
Lenders, each of their respective Affiliates and the foregoing Persons’ respective officers, managers, members, directors, advisors, sub-advisors, partners, agents and employees, and their respective
successors and assigns (hereinafter all of the above collectively referred to as the “Lender Group”), are irrevocably and unconditionally released, discharged and acquitted from any and all actions, causes of action, claims,
demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from any action or failure to act under or otherwise arising in
connection with the Investment Documents on or prior to the Fourteenth Amendment Effective Date. 

  
 3 

 (b) Each Loan Party hereby acknowledges, represents and
warrants to the Lender Group that: 
 (i) it has read and understands the effect of the Release Provision.
Each Loan Party has had the assistance of independent counsel of its own choice, or has had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was
retained, counsel for such Loan Party has read and considered the Release Provision and advised such Loan Party with respect to the same. Before execution of this Agreement, such Loan Party has had adequate opportunity to make whatever investigation
or inquiry it may deem necessary or desirable in connection with the subject matter of the Release Provision. 

(ii) no Loan Party is acting in reliance on any representation, understanding, or agreement not expressly set
forth herein. Each Loan Party acknowledges that the Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein. 

(iii) each Loan Party has executed this Agreement and the Release Provision thereof as its free and voluntary
act, without any duress, coercion, or undue influence exerted by or on behalf of any person. 
 (iv) the Loan
Parties are the sole owners of the claims released by the Release Provision, and no Loan Party has heretofore conveyed or assigned any interest in any such claim to any other Person. 

(c) Each Loan Party understands that the Release Provision was a material consideration in the agreement of the
Administrative Agent and the Lenders to enter into this Agreement. The Release Provision shall be in addition to any rights, privileges and immunities granted to the Administrative Agent and the Lenders under the Investment Documents. 

5. Miscellaneous. 

(a) This Agreement is a Loan Document. 

(b) The Loan Parties hereby represent and warrant as follows: 

(i) Each Loan Party has taken all necessary action to authorize the execution, delivery and performance of this
Agreement. 
 (ii) This Agreement has been duly executed and delivered by such Loan Party and constitutes
such Loan Party’s legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 (iii) No consent, approval, exemption, authorization or
other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by any Loan Party of this Agreement except as have been made or
obtained. 

  
 4 

 (c) The Loan Parties represent and warrant to the
Administrative Agent and the Lenders that after giving effect to this Agreement (i) the representations and warranties of the Loan Parties set forth in Article VI of the Credit Agreement and in each other Loan Document are true and correct in
all material respects (and in all respects if any such representation or warranty is already qualified by materiality or reference to Material Adverse Effect) as of the date hereof with the same effect as if made on and as of the date hereof, except
to the extent such representations and warranties expressly relate solely to an earlier date in which case they shall be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by
materiality or reference to Material Adverse Effect) as of such earlier date and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default. 

(d)Each of the Loan Parties hereby affirms the Liens created and granted in the Loan Documents in favor of the
Administrative Agent, for the benefit of the Secured Parties, and agrees that this Agreement does not adversely affect or impair such liens and security interests in any manner. 

(e)This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g.
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

(f) If any provision of this Agreement is held to be illegal, invalid or unenforceable, (i) the legality,
validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (ii) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. 
 (g) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [remainder of page
intentionally left blank] 

  
 5 

 Each of the parties hereto has caused a counterpart of this Agreement to be
duly executed and delivered as of the date first above written. 
  

							
	 BORROWERS:
	 		 	 VENUS CONCEPT CANADA CORP.

		 		 	 an Ontario corporation

				
		 		 	 By:
	 	 /s/ Domenic Serafino

		 		 	 Name:
	 	 Domenic Serafino

		 		 	 Title:
	 	 Chief Executive Officer

			
		 		 	 VENUS CONCEPT USA INC.,

		 		 	 a Delaware corporation

				
		 		 	 By:
	 	 /s/ Domenic Serafino

		 		 	 Name:
	 	 Domenic Serafino

		 		 	 Title:
	 	 President

			
	 PARENT:
	 		 	 VENUS CONCEPT LTD.,

		 		 	 an Israeli corporation

				
		 		 	 By:
	 	 /s/ Domenic Serafino

		 		 	 Name:
	 	 Domenic Serafino

		 		 	 Title:
	 	 Chief Executive Officer

			
	 SUPER PARENT:
	 		 	 VENUS CONCEPT INC.,

		 		 	 a Delaware corporation

				
		 		 	 By:
	 	 /s/ Domenic Serafino

		 		 	 Name:
	 	 Domenic Serafino

		 		 	 Title:
	 	 Chief Executive Officer

											
	 ADMINISTRATIVE AGENT:
	 		 	 MADRYN HEALTH PARTNERS, LP,

		 		 	 a Delaware limited partnership

				
		 		 	 By:
	 	 MADRYN HEALTH ADVISORS, LP,

		 		 		 	 its General Partner

					
		 		 		 	 By:
	 	 MADRYN HEALTH ADVISORS GP, LLC,

		 		 		 		 	 its General Partner

						
		 		 		 		 	 By:
	 	 /s/ Avinash Amin

		 		 		 		 	 Name:
	 	 Avinash Amin

		 		 		 		 	 Title:
	 	 Member

  

  
 VENUS CONCEPT CANADA CORP.
AND VENUS CONCEPT USA INC. 
 FOURTEENTH AMENDMENT TO CREDIT AGREEMENT 

											
	 LENDERS:
	 		 	 MADRYN HEALTH PARTNERS, LP,

		 		 	 a Delaware limited partnership

				
		 		 	 By:
	 	 MADRYN HEALTH ADVISORS, LP,

		 		 		 	 its General Partner

					
		 		 		 	 By:
	 	 MADRYN HEALTH ADVISORS GP, LLC,

		 		 		 		 	 its General Partner

						
		 		 		 		 	 By:
	 	 /s/ Avinash Amin

		 		 		 		 	 Name:
	 	 Avinash Amin

		 		 		 		 	 Title:
	 	 Member

			
		 		 	 MADRYN HEALTH PARTNERS (CAYMAN MASTER), LP

				
		 		 	 By:
	 	 MADRYN HEALTH ADVISORS, LP,

		 		 		 	 its General Partner

					
		 		 		 	 By:
	 	 MADRYN HEALTH ADVISORS GP, LLC,

		 		 		 		 	 its General Partner

						
		 		 		 		 	 By:
	 	 /s/ Avinash Amin

		 		 		 		 	 Name:
	 	 Avinash Amin

		 		 		 		 	 Title:
	 	 Member

  

  
 VENUS CONCEPT CANADA CORP.
AND VENUS CONCEPT USA INC. 
 FOURTEENTH AMENDMENT TO CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]