Document:

Exhibit
10.1

 

SURRENDER AGREEMENT

 

THIS
SURRENDER AGREEMENT (this “Agreement”) is made as of this May 26 2020 by and among The Greater Cannabis
Company, Inc. (the “Company”) and Emet Capital Partners LLC (the “Holder”).

 

WHEREAS,
the Holder is the holder of securities identified on Schedule A (“Surrendered Interests”).

 

WHEREAS,
on May 18, 2020, the Holder submitted a conversion notice and the Company is obligated to deliver 3,001,754 shares of its common
stock (the “Conversion Shares”) to the Holder.

 

NOW,
THEREFORE, in consideration of the mutual promises and agreements contained herein and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 

1. Surrender
of Securities. Upon satisfaction of the conditions set forth on Paragraph 3 below, the Holder agrees to surrender to the
Company the Surrendered Interests, free and clear of any liens, mortgages, adverse claims, charges, security interests,
encumbrances, and any interest of any third party and waive any rights or claims Holder may have in respect of the
Surrendered Interests.

 

2.
Representations and Warranties of the Holder. The Holder hereby makes the following representations and warranties to the
Company as of the date hereof:

 

a.
The Holder has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby (the
“Transactions”). This Agreement has been duly and validly executed and delivered by the Holder and constitutes the
legal, valid and binding obligation of the Holder, enforceable in accordance with its terms, except as such enforceability may
be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws from time to time in effect that affect
creditors’ rights generally, and by legal and equitable limitations on the availability of specific remedies.

 

b.
The execution, delivery and performance by the Holder of this Agreement and consummation by the Holder of the Transactions do
not and will not: (i) violate the organizational documents of the Holder, (ii) violate any decree or judgment of any court or
other governmental authority applicable to or binding on the Holder; or (iii) violate any contract to which the Holder or any
of its assets or properties are bound, or conflict with, or constitute a default (or an event which with notice or lapse of time
or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of
, any agreement, indenture or instrument to which Holder is a party.

 

c.
With respect to the surrender of the Surrendered Interests, (i) the Holder is the sole record and beneficial owner of the Surrendered
Interests, free and clear of any taxes and liens; (ii) the Surrendered Interests, when delivered and paid for in accordance with
the terms of this Agreement will be validly surrendered and free from all taxes and liens (other than any applicable transfer
taxes); and (iii) the Surrendered Interests, upon surrendered are not and will not be as of the date hereof subject to any transfer
restriction, other than (x) pursuant to security agreements and/or notes specifically set forth herein and/or (y) the restriction
that the Surrendered Interests have not been registered under the Securities Act of 1933, as amended (“Securities Act”)
and, therefore, cannot be resold unless registered under the Securities Act or in a transaction exempt from or not subject to
the registration requirements of the Securities Act (collectively, the “Permitted Restrictions”); and will
be the legal and beneficial owner of such the Surrendered Interests, free and clear of any liens or transfer restrictions, other
than the permitted restrictions.

 

    	 

    	 

    

 

d.
No proceedings relating to the Surrendered Interests are pending or, to the knowledge of the Holder, threatened before any court,
arbitrator or administrative or governmental body that would adversely affect the Holder’s right to surrender the Surrendered
Interests to the Company.

 

e.
Except for 3,001,754 shares of the Company’s common stock, Holder does not, and neither does any of its affiliates (as defined
for Rule 144 purposes), hold any securities (including, but not limited to, common stock, preferred stock, notes or warrants)
issued by the Company.

 

3. Conditions
Precedent to Release of Shares. The parties acknowledge and agree that, as a condition precedent to the surrender of the
Surrendered Interests to the Company, the Company shall (i) make a $70,000 payment to the Holder; (ii) deliver the Conversion
Shares to the Holder no later than May 28, 2020; and (iii) the Company files a form 8K with the Securities and Exchange
Commission disclosing this transaction within three days after the date of this Agreement.

 

4.
Representations and Warranties of the Company. The Company hereby makes the following representations and warranties to
the Holder as of the date hereof:

 

a.
The Company has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby
(the “Transactions”). This Agreement has been duly and validly executed and delivered by the Company and
constitutes the legal, valid and binding obligation of the Company, enforceable in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or similar laws from time to
time in effect that affect creditors’ rights generally, and by legal and equitable limitations on the availability of
specific remedies.

 

b.
The execution, delivery and performance by the Company of this Agreement and consummation by the Company of the transactions do
not and will not: (i) violate the organizational documents of the Company, (ii) violate any decree or judgment of any court or
other governmental authority applicable to or binding on the Company; or (iii) violate any contract to which the Company or any
of its assets or properties are bound, or conflict with, or constitute a default (or an event which with notice or lapse of time
or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of
, any agreement, indenture or instrument to which Company is a party.

 

c.
The Company acknowledges that the Surrendered Interests have been previously partially exercised.

 

d.
No proceedings relating to the Company are pending or, to the knowledge of the Company, threatened before any court, arbitrator
or administrative or governmental body that would adversely affect the Company’s right to surrender the Surrendered Interests
to the Company.

    	 

    	 

    

 

5.
Applicable Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the
principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective affiliates,
directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal
courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any
action, suit or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit,
action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under
this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law. If any party
shall commence an action or proceeding to enforce any provisions of this Agreement, the prevailing party in such action, suit
or proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other costs and expenses incurred
with the investigation, preparation and prosecution of such action or proceeding.

 

6.
Acknowledgement. Each party represents and warrants that it has read and understand this Agreement and has entered into
it voluntarily and without coercion; has been advised, and has had the opportunity, to consult with legal counsel of its choosing
with respect to this Agreement and the matters contemplated hereby; is entering into this Agreement based upon its own investigation
and is not relying on any representations or warranties of the other parties or any other person not set forth herein.

 

7.
Entire Agreement; Amendments.This Agreement and the documents contemplated hereby represent the entire agreement among
the parties hereto with respect to the subject matter hereof, and no amendment hereto shall be effective unless in writing and
signed by the party sought to be charged thereby.

 

8.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur.

    	 

    	 

    

 

9.
WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY,
THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY,
IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

 

10.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and permitted assigns. The parties may not assign this Agreement or any rights or obligations hereunder.

 

11.
No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors
and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

12.
Benefits; Binding Effect. This Agreement shall be for the benefit of and binding upon the parties hereto and their respective
heirs, personal representatives, legal representatives, successors and, where permitted and applicable, assigns, including, without
limitation, any successor to the Company, whether by merger, consolidation, sale of stock, sale of assets or otherwise.

 

13.
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

14.
Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed
to limit or affect any of the provisions hereof.

 

15.
Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other
party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

 

[Signatures
Follow on Next Pages]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Surrender Agreement to be duly executed by their respective authorized signatories
as of the date first indicated above.

 

Company:

 

	The
    Greater Cannabis Company, Inc.	 
	 	 	 
	By:	/s/
    Aitan Zacharin	 
	Its:	CEO	 

 

Holder:

 

	Emet
    Capital Partners LLC	 
	 	 	 
		 
	By:	       	 
	Its:	 	 

 

Schedule A 

 

	 	1.	Convertible
    Redeemable Note issued on 10/18/19 in the amount of $3,128.79
	 	2.	Convertible
    Redeemable Note issued on 10/18/19 in the amount of $15,439.93
	 	3.	Convertible
    Redeemable Note issued on 10/18/19 in the amount of $7,018.15
	 	4.	Convertible
    Note issued on 10/18/19 in the amount of $451,504.95
	 	5.	Convertible
    Note issued on 10/18/19 in the amount of $112,876.28
	 	6.	Convertible
    Note issued on 10/18/19 in the amount of $99,331.13
	 	7.	Convertible
    Note issued on 10/18/19 in the amount of $11,287.65EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FORBEARANCE
AGREEMENT AND AMENDMENT TO CREDIT AGREEMENT 
 This FORBEARANCE AGREEMENT (this “Agreement”), dated as of May 26,
2020, to that certain Credit Agreement, dated as of August 9, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Endologix, Inc., as borrower
(“Borrower”), the Lenders party thereto from time to time (collectively, the “Lenders”), and Deerfield ELGX Revolver, LLC, as agent for itself and the Lenders (in such capacity, the “Agent”).
Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Credit Agreement. 

RECITALS 
 WHEREAS,
Borrower, the Lenders and the Agent are parties to the Credit Agreement; 
 WHEREAS, the Borrower has advised the Agent that the Borrower
expects that the financial statements to be attached to the Company’s quarterly report on Form 10-Q for the fiscal quarter ending March 31, 2020 will include a statement in the footnotes thereto that
indicates there is substantial doubt about the Company’s ability to continue as a going concern within one year after the date of such financial statements; 

WHEREAS, as a result of such statement in the 10-Q, the Company shall have failed to comply with
Section 5.05(c) of the Credit Agreement and accordingly, as of the date such Form 10-Q is filed (the “Default Date”), an Event of Default shall occur and be continuing pursuant to
Section 8.02 of the Credit Agreement (the “Reporting Default”); 
 WHEREAS, as a result of the foregoing
circumstances, an event of default shall also occur and be continuing under the Term Credit Agreement, and accordingly an Event of Default shall occur and be continuing pursuant to Section 8.08 of the Credit Agreement (the “Cross
Default” and, collectively with the Reporting Default, the “Specified Defaults”); 
 WHEREAS, Borrower has
requested that during the Forbearance Period (as hereinafter defined), the Agent and the Lenders party hereto (sometimes referred to herein individually as a “Lender Party,” and collectively as the “Lender Parties”)
agree to forbear from exercising any of their Default or Event of Default related rights and remedies against Borrower and the other Loan Parties solely with respect to the Specified Defaults in accordance herewith that would otherwise be
exercisable by the Lender Parties but for this Agreement; and 
 WHEREAS, subject to the terms and conditions set forth herein, the Lender
Parties are willing to agree to such a forbearance but only on the terms and conditions contained in this Agreement. 
 NOW, THEREFORE, in
consideration of the foregoing, the terms, covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. Confirmation by Borrower of Specified Defaults. Borrower and each other Loan Party each acknowledges and agrees that the Specified Defaults
shall constitute Events of Defaults on the Default Date under Sections 8.02 and 8.08 of the Credit Agreement, and (ii) no 

 
Events of Default or Defaults (other than the Specified Defaults) have occurred and are continuing as of the date hereof. 

SECTION 2. Amounts Owing. All Obligations owing pursuant to the terms of the Loan Documents, including interest, fees, expenses and other charges, are
validly owing and are not subject to any right of offset, deduction, claim, or counterclaim in favor of any Loan Party. 
 SECTION 3. Forbearance;
Forbearance Default Rights and Remedies. 
 (a)    Effective as of the date hereof, in reliance upon the
representations, warranties and covenants of the Loan Parties contained in this Agreement, and solely upon the terms and subject to the conditions of this Agreement, each of the Lender Parties agrees that until the termination or expiration of the
Forbearance Period, such Lender Party will forbear from exercising any of their Default or Event of Default related rights and remedies (whether under the Credit Agreement, any other Loan Document, or at law or in equity) against Borrower, any other
Loan Party or any of their subsidiaries or affiliates solely with respect to the Specified Defaults. As used herein, the term “Forbearance Period” shall mean the period beginning on the date hereof and ending on the earlier of
(i) a Forbearance Termination Event (as defined below) and (ii) June 15, 2020; provided that, notwithstanding anything to the contrary herein, the Forbearance Period shall terminate automatically and without notice of termination
immediately upon (A) the occurrence of any Event of Default (other than the Specified Defaults), or (B) the termination or expiration of any other forbearance granted by another creditor pursuant to the Term Loan Forbearance Agreement (as
defined below). 
 (b)    The occurrence of any of the following events or circumstances shall immediately and
automatically constitute a termination event with respect to the Forbearance Period (each, a “Forbearance Termination Event”) unless waived by the Agent at the request of Lender Parties representing a majority of the principal
amount of Loans held by all of the Lender Parties and outstanding under the Credit Agreement: 
  

	 	i.	 the occurrence of any Default or Event of Default under the Credit Agreement or any other Loan Document that is
not a Specified Default; 

  

	 	ii.	 the occurrence of any breach by the Borrower, any Loan Party or any of their respective Subsidiaries of any
covenant, term or other provision of this Agreement, including, without limitation, any of the Milestones (as defined below) or other covenants set forth in Section 5 below; 

 

	 	iii.	 any representation or warranty made by the Borrower or any Loan Party herein or which is contained in any
certificate, document or financial or other statement furnished by the Borrower at any time under or in connection with this Agreement or otherwise shall prove to have been inaccurate in any material respect on or as of the date made;

  

	 	iv.	 the commencement of any action, suit, litigation or other proceeding against the Agent or any Lender Party
(i) by any Loan Party; or (ii) by any Person asserting claims relating in any way to any of the Borrower, any Loan Party, the Credit Agreement, the Loan Documents, or the Collateral; 

  
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	 	v.	 any payment, or setting aside of funds, by the Borrower, any Loan Party, or any of their respective
Subsidiaries for the purpose of making any payments, or otherwise transfer any economic value to any direct or indirect equity holder of the Borrower in its capacity as such; 

 

	 	vi.	 any payment, or setting aside of funds, by the Borrower, any Loan Party, or any of their respective
Subsidiaries, including with respect to interest, principal, fees, expenses, indemnification or otherwise, on account of or in connection with any Indebtedness for borrowed money (other than with respect to the Credit Agreement, the Term Credit
Agreement and Capital Leases existing as of the date hereof) or make any payment with respect to interest or principal on account of any such Indebtedness; or 

 

	 	vii.	 the Borrower or any Loan Party shall make or enter into during the Forbearance Period any amendment, waiver,
supplement or other modification to any employment agreement or employee compensation plan, in each case, solely to the extent such agreement or compensation plan relates to an Executive Officer (as defined below), or pay or cause to be paid any
amount contemplated by such agreements or plans before the date on which such amount becomes due and payable pursuant to the terms of the such agreements or plans, as applicable, (other than in accordance with the terms of such agreements or plans
described in Schedule I hereto as in effect immediately prior to the effectiveness of this Agreement or the Company’s 2020 Change of Control Bonus Plan in the form provided to the Agent on or prior to the date hereof (provided that no payments
shall be made pursuant to such 2020 Change of Control Bonus Plan unless (i) prior to or concurrently with such payments the Obligations, as well as the “Obligations” under and as defined in the Term Credit Agreement, shall have been
indefeasibly paid in full in cash and (ii) such payments are made in connection with the consummation of an out-of-court transaction and not in connection with, in
anticipation of or following an Insolvency Proceeding)) or pay or cause to be paid any bonus, incentive, retention, severance, change of control or termination payments pursuant to the terms of such agreements or plans (other than in accordance with
the terms of such agreements or plans as in effect immediately prior to the effectiveness of this Agreement or the Company’s 2020 Change of Control Bonus Plan subject to the limitations above), as applicable, including, without limitation, any
transaction or other bonus previously awarded but unpaid (it being understood by the parties hereto that “Executive Officer” means the Borrower’s Chief Executive Officer, Chief Financial Officer, Chief Administrative Officer, General
Counsel, or Principal Accounting Officer). 

 (c)    Upon the expiration or termination of the
Forbearance Period, the agreement of the Lender Parties hereunder to forbear from exercising their respective Default or Event of Default related rights and remedies with respect to the Specified Defaults shall immediately terminate without the
requirement of any demand, presentment, protest, or notice of any kind, all 

  
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of which Borrower and the other Loan Parties each waives. Borrower and the other Loan Parties each agree that any or all of the Lender Parties may at any time thereafter proceed to exercise any
and all of their respective rights and remedies under any or all of the Credit Agreement, any other Loan Document and/or applicable law, including, without limitation, their respective rights and remedies with respect to the Specified Defaults. 

(d)    Each of the Lender Parties hereby authorizes and requests that the Agent enter into this Agreement. 

(e)    This Agreement is limited in nature and nothing contained herein is intended, or shall be deemed or construed, to
(i) constitute a waiver of any Specified Default or any existing or future Defaults or Events of Default (including any Event of Default arising from the Specified Defaults) or compliance with any term or provision of the Loan Documents or at
law or in equity, (ii) establish a custom or course of dealing between the Loan Parties, on the one hand, and the Agent and/or any Lender Party, on the other hand, or (iii) waive, alter or impair the obligations or any of the rights or
remedies of the Agent or the Lender Parties under the Loan Documents, at law or in equity.
 (f)    For the avoidance of
doubt and notwithstanding anything to the contrary in this Agreement or in any Loan Document, to the extent that the Credit Agreement or any other Loan Document prohibits, restricts or limits the use of or reliance on any “basket” by any
of the Loan Parties or any of their respective Subsidiaries upon the occurrence and during the continuance of a Default or Event of Default, or includes any other limitation, restriction or prohibition on certain actions or inactions that may be
taken or omitted or otherwise acquiesced to by or on behalf of the Borrower or any other Loan Party pursuant to the Credit Agreement or any other Loan Document, then, notwithstanding the forbearance provided herein with respect to the Specified
Defaults, such prohibition, restriction or limitation shall continue to apply during the Forbearance Period and thereafter so long as the Specified Defaults or any other Default or Event of Default exists, and nothing herein shall be construed as
permitting the Loan Parties or any of their Subsidiaries to take any action that is not permitted to be taken, or have any right not allowed, upon the occurrence and during the continuance of a Default or Event of Default pursuant to the terms of
the Loan Documents. 
 (g)    The Borrower and certain of the Loan Parties have the following bank accounts that are no
longer in use: (i) account ending in 5279 at Wells Fargo Bank, N.A. in the name of Endologix, Inc.; (ii) account ending in 5311 at Wells Fargo Bank, N.A. in the name of Endologix, Inc.; (iii) account ending in 8640 at SVB Bank in the name
of Trivascular, Inc.; (iv) account ending in 8709 at SVB Bank in the name of Trivascular, Inc.; and (v) account ending in 7400 at SVB Bank in the name of Trivascular Sales LLC (collectively, the “Bank Accounts”). After the
Agreement Effective Date, the Borrower and the applicable Loan Parties shall be permitted to close the Bank Accounts and immediately transfer any remaining balances to the operating account ending in 1702 at Bank of America, N.A., so long as such
operating account is and remains subject to a Control Agreement at all times. 
 SECTION 4. Effect of Forbearance. For the avoidance of doubt, the
Borrower and each other Loan Party hereby acknowledges and agrees that this Agreement is a Loan Document. Except as expressly stated herein, the provisions of the Credit Agreement and the other Loan Documents have not been modified except as
expressly set forth herein, are and shall remain in 

  
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full force and effect in accordance with their terms, and shall constitute and remain as the legal, valid, binding, and enforceable obligations of the Borrower and the other Loan Parties, all of
which are ratified and affirmed in all respects and shall continue in full force and effect. The parties hereto agree that the running of all statutes of limitation and the doctrine of laches applicable to all claims or causes of action that the
Agent and/or any Lender may be entitled to take or bring in order to enforce its rights and remedies against the Borrower and/or any Loan Party are, to the fullest extent permitted by law, tolled and suspended during the Forbearance Period. 

SECTION 5. Covenants. Each of the Loan Parties hereby covenants and agrees as follows: 

(a)    Weekly Cash Flow Forecast and Budget. On the Agreement Effective Date, the Borrower shall deliver to Agent: a
13-week rolling cash flow forecast for Borrower and Subsidiaries including a forecast of expenditures for the upcoming 13-week period by Borrower and Subsidiaries (as
may be amended from time to time with the prior written consent of Agent, the “Budget”). On each Friday thereafter, beginning with Friday, May 15, 2020, during the period prior to the Forbearance Termination Date, Borrower
shall deliver to Agent a report reconciling the actual performance for the week ending the preceding Friday with the projected performance pursuant to the previous week’s Budget, which report shall include (1) a calculation of the variance
between actual and projected cash receipts and disbursements, (2) a narrative description of any material variances from, or changes to, the Budget, (3) the aggregate amount of payments made during such period and (4) the aggregate
book cash balance of the Borrower and Subsidiaries as of the close of such period, in each case, in form and detail certified by the Borrower’s financial advisor and reasonably acceptable to Agent.
The first variance report delivered on May 15, 2020 will be a draft report. Effective, May 22, 2020, the weekly variance report will be a final report each week thereafter. 

(b)    Weekly Calls. Borrower and its investment banker shall conduct weekly calls with Agent and its
representatives and provide a written report to the Agent and its representatives detailing the number of potential buyers contacted and the status of discussions with such potential buyers to the Agent and its representatives and such other
information regarding the status of the sale and marketing process as the Agent may reasonably request. Information regarding the sale process received by Agent shall remain confidential and Agent and its representatives agree that they shall have
no contact with any potential buyer without the permission of the Borrower, in each case, in accordance with and to the extent set forth in the Non-Disclosure Agreement, dated as of April 6, 2020, between
Deerfield Management Company, L.P. and the Borrower (as amended or extended from time to time). 
 (c)    Sale
Milestones. Borrower shall use commercially reasonable efforts to complete a marketing and sale process in accordance with the deadlines specified below, which deadlines in all cases may be extended by written agreement of Agent (collectively,
the “Milestones”). Failure to meet any of the Milestones shall constitute a Forbearance Termination Event. The Milestones are as follows: 

(i)    no later than May 13, 2020, populate an on-line data
room with substantially all relevant, material and available phase I information with respect to the sale or other disposition of the Borrower’s assets; 

  
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 (ii)    no later than May 13, 2020, make available
the same management presentations and marketing, financial and other documentation and information related to the asset sale process to participating potential bidders of the Borrower’s assets and provide a copy of the same to the Agent and its
representatives concurrently with the first delivery thereof to any potential bidder; and 
 (iii)    no
later than May 31, 2020, populate the on-line data room with substantially all remaining relevant, material and available information with respect to the sale or other disposition of the Borrower’s
assets. 
 (d)    Notice of Forbearance Termination Events. Each Loan Party shall provide written notice to the
Agent and to counsel to the Lender Parties within one (1) business day of its obtaining knowledge of the occurrence of any Forbearance Termination Event, which notice shall state that such event has occurred and set forth, in reasonable detail,
the facts and circumstances that gave rise to such event. 
 (e)    Fees and Expenses. Without limiting the
obligations of the Loan Parties under the Loan Documents, the Borrower agrees to pay on demand all costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this Amendment and the other instruments
and documents to be delivered hereunder, including, without limitation, the fees and out-of-pocket expenses of Sullivan & Cromwell LLP, as outside counsel to
the Lender Parties, with respect thereto. 
 SECTION 6. Amendments to Loan Documents. As of the Agreement Effective Date, each of the Loan Parties
and the Lender Parties agree as follows: 
 (a)    No Conversions or Exchanges. Notwithstanding anything in the
Credit Agreement or any other Loan Document to the contrary, from and after the date hereof, no Lender shall be required to make any Loans or extend any other credit under the ABL Credit Agreement. 

(b)    Permitted Investments. Clause (n) of the definition of “Permitted Investments” in the Credit
Agreement is amended and restated to read in its entirety as follows: 
 “(n) so long as no Default or Event of Default has occurred and
be continuing at the time thereof or would result therefrom, other Investments in an amount not exceeding $5,000,000 in the aggregate; provided, that, such Investments shall be subject to the proviso at the end of this definition;” 

SECTION 7.    Interest Rate. Commencing on the Default Date and for so long as the Specified Defaults shall be continuing under the
Credit Agreement, all Obligations shall accrue interest at a rate per annum equal to the interest rate otherwise in effect for the Loans plus two percent (2%) per annum in accordance with Section 2.05(c)(ii) of the Credit Agreement. 

SECTION 8. Representations and Warranties. To induce the Lenders and the Agent to execute and deliver this Agreement, on behalf of itself and the other
Loan Parties, Borrower hereby represents and warrants to the Lenders and the Agent that: 
 (a)    as of the date hereof,
and after giving effect to this Agreement, the representations and warranties set forth in Article IV of the Credit Agreement and in the other 

  
 6 

 
Loan Documents shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein) on and as of the date hereof with the same effect as though
made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (without
duplication of any materiality qualifier contained therein) as of such earlier date; 
 (b)    immediately before and
after giving effect to this Agreement, no Default or Event of Default (other than any Specified Default) has occurred and is continuing; 

(c)    each of Borrower and each other Loan Party has taken all necessary action to authorize the execution, delivery and
performance of this Agreement, this Agreement has been duly executed and delivered by each of Borrower and each other Loan Party and this Agreement is the legal, valid and binding obligation of each of Borrower and each other Loan Party, enforceable
against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles
of law; and 
 (d)    other than the Third Party Forbearance Agreement (as defined below) with respect to the Term
Credit Agreement (the “Term Loan Forbearance Agreement”), as of the date hereof, no Third Party Forbearance Agreements exist. 
 SECTION 9.
Effectiveness. This Agreement shall become effective at the time (the “Agreement Effective Date”) that all of the following conditions precedent have been met: 

(a)    Agreement. The Agent shall have received duly executed signature pages for this Agreement signed by the
Agent, the Lender Parties, Borrower and other Loan Parties; 
 (b)    Representations and Warranties. The
representations and warranties contained in Section 8 shall be true and correct; 
 (c)    Term Loan Forbearance
Agreement. The Term Loan Forbearance Agreement shall be effective and on terms acceptable to the Lender Parties; 

(d)    Expenses: (i) The Borrower shall have paid in full to the extent invoiced at least two
(2) business days prior to the satisfaction of the condition set forth in Section 6(a) all of the reasonable and documented fees and expenses of (A) Sullivan & Cromwell LLP, as counsel to the Lenders Parties and (B) to
the extent then due and payable pursuant to the terms of its fee letter, Houlihan Lokey, as financial advisor to the Lender Parties (the “Advisor”); and (ii) each Loan Party hereby reconfirms its joint and several obligations
pursuant to the Credit Agreement to pay and reimburse the Agent and the Lender Parties for all reasonable costs and expenses (including, without limitation, the fees of Sullivan & Cromwell LLP and the Advisor referred to in clause (i)(y)
above) incurred in connection with the negotiation preparation, execution and delivery of this Agreement and all other documents and instruments delivered in connection herewith; and 

SECTION 10. Reaffirmation of Guarantee and Security. Each Loan Party, by its signature below, hereby agrees that: 

(a)    (i) after giving effect to this Agreement, the Credit Agreement, Security

  
 7 

 
Agreement and each other Loan Document shall continue to be in full force and effect and (ii) affirms and confirms all of its obligations and liabilities under the Credit Agreement, the
Guaranty and Security Agreement and each other Loan Document, in each case after giving effect to this Agreement, including its guarantee of the Obligations and the pledge of and/or grant of a security interest in its assets as Collateral pursuant
to the Agreement to secure such Obligations, all as provided in the Guaranty Security Agreement as originally executed, and acknowledges and agrees that such obligations, liabilities, guarantee, pledge and grant continue in full force and effect in
respect of, and to secure, the Obligations under the Credit Agreement and the other Loan Documents, in each case after giving effect to this Agreement; and 

(b)    after giving effect to this Agreement, each Lien granted by it to the Agent for the benefit of the Secured Parties
under each of the Loan Documents to which it is a party shall (i) continue in full force and effect during the term of the Credit Agreement and (ii) continue to secure the Obligations, in each case on and subject to the terms and
conditions set forth in the Credit Agreement and the other Loan Documents. 
 SECTION 11. Release. 

(a)    In consideration of this Agreement and agreements of the Agent and Lender Parties contained herein and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower and the other Loan Parties (collectively, the “Releasing Parties”), each on behalf of itself and its successors, assigns, and
other legal representatives hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent, the Lender Parties, solely in their capacities as Lenders, and their respective present and former shareholders,
affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives, in each case solely in their capacities relative to the Lender Parties and not in any other capacity such party may have
relative to the Releasing Parties (Agent, each Lender Party, 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, 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, the Loan Parties or any of their respective
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 Agreement, for or on account of, or in relation to, or in any way in connection with the Credit Agreement or any of the other Loan Documents or transactions thereunder (any of the foregoing, a
“Claim” and collectively, the “Claims”). Each Releasing Party expressly acknowledges and agrees, with respect to the Claims, that it waives, to the fullest extent permitted by applicable law, any and all provisions,
rights, and benefits conferred by any applicable U.S. federal or state law, or any principle of U.S. common law, that would otherwise limit a release or discharge of any unknown Claims pursuant to this Section 11. Furthermore, each of the
Releasing Parties hereby absolutely, unconditionally and irrevocably covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory 

  
 8 

 
proceeding or otherwise) any Releasee on the basis of any Claim released and/or discharged by the Releasing Parties pursuant to this Section 11. The foregoing release, covenant and waivers
of this Section 11 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment or prepayment of any of the Loans, or the termination of the Credit Agreement, this
Agreement, any other Loan Document or any provision hereof or thereof. 
 (b)    Each Releasing Party understands,
acknowledges and agrees that its 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. 
 (c)    Each Releasing Party 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. 

SECTION 12. Incorporation by Reference. Article X (Waivers; Indemnification) , Article XI (Notices), Article XII (Choice of Law and Venue; Jury Trial
Waiver; Judicial Reference Provision), Article XIII (Assignments and Participations; Successors), Article XIV (Amendments; Waivers) and Article XVII (General Provisions) of the Credit Agreement are each hereby incorporated by reference as if set
forth herein in their entirety. 
 SECTION 13. More Favorable Terms. To the extent that any other forbearance, standstill or other similar agreement
entered into by the Borrower or any Loan Party (any such agreement, a “Third Party Forbearance Agreement”), or any amendment to any Third Party Forbearance Agreement, in each case, entered into or agreed after the date of this
Agreement and during the Forbearance Period, provides any benefit or right (including, without limitation, the benefit of a forbearance period of shorter duration than the Forbearance Period) to any creditor party thereto that is more favorable than
the benefits and rights provided to the Agent and the Lenders under this Agreement, taking into account the terms and conditions of the underlying debt financing documents in effect with such creditor party, this Agreement shall be deemed to be
amended so as to cause any such benefit or right to be incorporated into this Agreement concurrently with making any such benefit or right available, and on comparable terms as it is made available, to any such other creditor. 

SECTION 14. Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original document, but all of which will
constitute a single document. This document will not be binding on or constitute evidence of a contract between the parties until such time as a counterpart of this document has been executed by each of the parties and a copy thereof delivered to
each party under this Agreement. Each party to this Agreement agrees that it will be bound by its own facsimile or electronic signature and that it accepts the facsimile or electronic signatures of each other party. 

[Signature pages to follow] 

  
 9 

 IN WITNESS WHEREOF, this Forbearance Agreement has been executed by the parties hereto as of the date first
written above. 
  

			
	 BORROWER:
  

ENDOLOGIX, INC.

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

 [Signature page to Forbearance Agreement] 

 
			
	GUARANTORS:
	  
 CVS/DMS ACQUISITION
CORP.

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

  

			
	 NELLIX, INC.

			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

  

			
	 TRIVASCULAR TECHNOLOGIES,
INC.

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

  

			
	 TRIVASCULAR,
INC.

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

  

			
	 ENDOLOGIX CANADA,
LLC

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

  

			
	 TRIVASCULAR SALES
LLC

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

 [Signature page to Forbearance Agreement] 

 
			
	RMS/ENDOLOGIX SIDEWAYS MERGER
CORP.

 
			
		
	By:	 	 /s/ Vaseem Mahboob

		 	Name: Vaseem Mahboob
		 	Title: CFO

 [Signature page to Forbearance Agreement] 

 
			
	AGENT AND LENDERS:
	
	DEERFIELD ELGX REVOLVER, LLC., as Agent
		
	By:	 	Deerfield Management Company, L.P. (Series C), Manager
		
	By:	 	Flynn Management LLC, General Partner
		
	By:	 	 /s/ David Clark

		 	Name: David Clark
		 	Title:   Authorized Signatory

  

			
	DEERFIELD PRIVATE DESIGN FUND IV, L.P.., as Lender
		
	By:	 	Deerfield Mgmt IV, L.P., General Partner
		
	By:	 	J.E. Flynn Capital IV, LLC, General Partner
		
	By:	 	 /s/ David Clark

		 	Name: David Clark
		 	Title:   Authorized Signatory

  

			
	DEERFIELD PARTNERS, L.P., as Lender
		
	By:	 	Deerfield Mgmt, L.P., General Partner
		
	By:	 	J.E. Flynn Capital, LLC, General Partner
		
	By:	 	 /s/ David Clark

		 	Name: David Clark
		 	Title:   Authorized Signatory

 [Signature page to Forbearance Agreement] 

 
			
	DEERFIELD PRIVATE DESIGN FUND III, L.P.., as Agent
		
	By:	 	Deerfield Mgmt III, L.P., General Partner
		
	By:	 	J.E. Flynn Capital III, LLC, General Partner
		
	By:	 	 /s/ David Clark

		 	Name: David Clark
		 	Title:   Authorized Signatory

 [Signature page to Forbearance Agreement] 

 Schedule I 

Existing Compensation Plans 
  

	1.	 Vaseem Mahboob—2018 grant providing for equity and cash payments.

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