Document:

Exhibit 10.1

 

THIS PROMISSORY NOTE (THIS “NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR
INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES
ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE 

 

	Principal Amount: Up to $1,000,000	Dated as of March 29, 2021

 

Group Nine
Acquisition Corp., a Delaware corporation and blank check company (the “Maker”), promises to pay to the order of Group
Nine SPAC LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the “Payee”),
or order, the principal sum of One Million Dollars ($1,000,000) or such lesser amount as shall have been advanced by Payee to Maker and
shall remain unpaid under this Note on the Maturity Date (as defined below) in lawful money of the United States of America, on the terms
and conditions described below. All payments on this promissory note (this “Note”) shall be made by check or wire transfer
of immediately available funds to such account as the Payee may from time to time designate by written notice in accordance with the provisions
of this Note, subject to the rights of Payee specified in Section 7 hereof.

 

1.  
Principal. The entire unpaid principal balance of this Note shall be payable on the date (the “Maturity Date”)
of the consummation of the Maker’s initial merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization
or similar business combination with one or more businesses or entities (a “Business Combination”). Payee understands
that if a Business Combination is not consummated, this Note will not be repaid and all amounts owed hereunder will be forgiven except
to the extent that the Maker has funds available to it outside of its trust account established in connection with its IPO (as defined
herein). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any
officer, director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2. 
Drawdown Requests. Maker and Payee agree that Maker may request, from time to time, up to One Million Dollars ($1,000,000)
in drawdowns under this Note to be used for costs and expenses related to Maker’s initial public offering of its securities (the
 “IPO”) and continued working capital expenditures. Principal of this Note may be drawn down from time to time prior
to the Maturity Date upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request
must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000), unless agreed upon in writing
by Maker and Payee. Payee shall fund each Drawdown Request no later than three (3) business days after receipt of a Drawdown Request;
provided, however, that the maximum amount of drawdowns outstanding under this Note at any time may not exceed One Million Dollars ($1,000,000).
No fees, payments or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

     

     

    

 

3.
   Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

4.  
Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection
of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late
charges and finally to the reduction of the unpaid principal balance of this Note.

 

5.    
Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)   
Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5)
business days of the date specified above.

 

(b)  
Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it
of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking
of corporate action by Maker in furtherance of any of the foregoing.

 

(c)   
Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in
respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the
winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive
days.

 

6.      Remedies.

 

(a)  
Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this
Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable thereunder,
shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly
waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)   
Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all
other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action
on the part of Payee.

 

     

     

    

 

7.    Conversion. Upon
consummation of a Business Combination, the Payee may elect to convert all or any portion of the unpaid principal balance of this
Note into that number of warrants to purchase one share of Class A Common Stock, $0.0001 par value per share, of the Maker (the
 “Working Capital Warrants”) equal to the principal amount of the Note so converted divided by $1.50. The Working
Capital Warrants shall be identical to the warrants issued by the Maker to the Payee in a private placement of the Maker’s
initial public offering. Upon any complete or partial conversion of the principal amount of this Note, (i) such principal amount
shall be so converted and such converted portion of this Note shall become fully paid and satisfied, (ii) Payee shall surrender and
deliver this Note, duly endorsed, to Maker or such other address which Maker shall designate against delivery of the Working Capital
Warrants, (iii) Maker shall promptly deliver
a new duly executed Note to Payee in the principal amount that remains outstanding, if any, after any such conversion and (iv) in exchange
for all or any portion of the surrendered Note, Maker shall, at the direction of Payee, deliver to Payee (or its members or their respective
affiliates or their designees) the Working Capital Warrants, which shall bear such legends as are required, in the opinion of counsel
to Maker or by any other agreement between Maker and Payee and applicable state and federal securities laws.

 

8.  
Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to this Note, all errors, defects and imperfections in any proceedings instituted
by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any
property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under
execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that
any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may
be sold upon any such writ in whole or in part in any order desired by Payee.

 

9. 
 Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default,
or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any
other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee
with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may
become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

10. 
Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i)
in writing and delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic
transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other
address or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most
recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day
following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an
overnight courier service or five (5) days after mailing if sent by mail.

 

     

     

    

 

11.   Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO CONFLICT OF LAW PROVISIONS THEREOF.

 

12.  
Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

 

13. 
 Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account (including the deferred underwriters
discounts and commissions) described in greater detail in the registration statement and prospectus tfiled with the Securities and Exchange
Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against
the trust account related to this Note.

 

14. 
   Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

15.    Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the
required consent shall be void.

 

[Signature page follows]

 

     

     

    

 

 

IN WITNESS WHEREOF, Maker,
intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

 

	 	GROUP NINE ACQUISITION CORP.
	 	a Delaware corporation
	 	 	 
	 	By:	/s/ Sean
    Macnew
	 	 	Name: Sean Macnew
	 	 	Title: Chief Financial Officer

 

 

Accepted and agreed this 29th day of March, 2021

  

	GROUP NINE SPAC LLC,	 
	a Delaware limited liability company	 
	 	 	 
	 	 	 
	By:	/s/ Sean
    Macnew	 
	 	Name: Sean Macnew	 
	 	Title: Chief Financial Officer	 

 

    [Signature Page to Promissory Note]EX-10.1

 Exhibit 10.1 

FOURTH AMENDMENT 

TO CREDIT AGREEMENT 

This Fourth Amendment to Credit Agreement (this “Amendment”) is dated and effective as of March 31, 2021 (the
“Fourth Amendment Effective Date”) by and among ORGANOGENESIS HOLDINGS INC., a Delaware corporation (“Holdings”), ORGANOGENESIS INC., a Delaware corporation
(“Organogenesis”) and PRIME MERGER SUB, LLC, a Delaware limited liability company (“Prime”, and together with Holdings and Organogenesis, individually and collectively, the
“Borrower”), the several banks and other financial institutions from time to time party to this Agreement (each a “Lender” and, collectively, the “Lenders”), SILICON VALLEY
BANK (“SVB”), as the Issuing Lender and the Swingline Lender, and SVB, as administrative agent and collateral agent for the Lenders (in such capacities, together with any successors and assigns in such capacity,
the “Administrative Agent”). 
 W I T N E S S E T H: 

WHEREAS, Borrower, the Administrative Agent, the Issuing Lender and the Swingline Lender are parties to that certain Credit Agreement dated as
of March 14, 2019, as amended by that certain First Amendment to Credit Agreement dated as of November 12, 2019, as further amended by that certain Second Amendment to Credit Agreement dated as of February 13, 2020, and as further
amended by that certain Third Amendment to Credit Agreement dated as of March 26, 2020 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”); 

WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent agree to modify and amend certain terms and conditions of
the Credit Agreement to, among other things, extend the Term Loan Amortization Date, subject to the terms and conditions contained herein; and 

WHEREAS, the Lenders are willing to extend the Term Loan Amortization Date and the Administrative Agent and the Lenders agree to amend certain
terms and conditions of the Credit Agreement as provided herein. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Capitalized Terms. All capitalized terms used
herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement or in the other Loan Documents referred to in the recitals hereto, as applicable. 

2. Amendments to the Credit Agreement. 
  

	 	(a)	 Definitions. Section 1.1 of the Credit Agreement is hereby amended by deleting the following
terms and their existing definitions and inserting the following in lieu thereof: 

 “ “Term Loan
Amortization Date”: July 1, 2021.” 

  
 1 

 “ “Term Loan Maturity Date”: February 1, 2024.” 

 

	 	(b)	 Repayment of Term Loans. The Credit Agreement is hereby amended by deleting Section 2.3 in
its entirety and inserting the following in lieu thereof: 

 “ 2.3 Repayment of Term Loans. Beginning on
the first Interest Payment Date occurring after the Closing Date, and on each Interest Payment Date occurring thereafter through and including the Term Loan Maturity Date, Borrower shall make monthly payments of accrued but unpaid interest on the
outstanding principal balance of the Term Loans. Beginning on the Term Loan Amortization Date, the outstanding principal balance of the Term Loans shall be repaid, monthly, on the first day of each month, in
thirty-two (32) monthly installments of principal, based on a thirty-two (32) month amortization schedule. To the extent not previously paid, all Term Loans
shall be due and payable on the Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.” 

3. Conditions Precedent to Effectiveness. This Amendment shall not be effective until each of the following conditions precedent have
been fulfilled to the satisfaction of the Administrative Agent: 
  

	 	(a)	 This Amendment shall have been duly executed and delivered by the respective parties hereto. The Administrative
Agent shall have received a fully executed copy hereof and of each other document required hereunder. 

  

	 	(b)	 All necessary consents and approvals to this Amendment shall have been obtained. 

 

	 	(c)	 Prior to and immediately after giving effect to this Amendment, no Default or Event of Default shall have
occurred and be continuing. 

  

	 	(d)	 Prior to and immediately after giving effect to this Amendment, the representations and warranties herein and
in the Credit Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an
earlier date), in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date. 

  

	 	(e)	 The Lenders and the Administrative Agent shall have received all fees required to be paid, and all expenses for
which invoices have been presented (including the reasonable fees and expenses of legal counsel required to be paid hereunder or under any other Loan Document), on or before the Third Amendment Effective Date. 

  
 2 

 4. Representations and Warranties. Each Loan Party hereby represents and warrants to
the Administrative Agent and the Lenders as follows: 
  

	 	(a)	 This Amendment is, and each other Loan Document to which it is or will be a party, when executed and delivered
by each Loan Party that is a party thereto, will be the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable
principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally. 

  

	 	(b)	 The representations and warranties set forth in this Amendment, the Credit Agreement, as amended by this
Amendment and after giving effect hereto, and the other Loan Documents to which it is a party are true and correct in all material respects on and as of the date hereof, as though made on such date (except to the extent that such representations and
warranties relate solely to an earlier date), in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date. 

5. Payment of Costs and Fees. The Borrowers shall pay to the Administrative Agent all reasonable costs,
out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents
and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent or any Lender). 

6. Choice of Law. This Amendment and the rights of the parties hereunder, shall be determined under, governed by, and construed in
accordance with the laws of the State of New York. 
 7. Counterpart Execution. This Amendment may be executed in any number of
counterparts, all of which when taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of this Amendment by
telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or other
electronic method of transmission also shall deliver an original executed counterpart of this Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment.

 8. Effect on Loan Documents. 
  

	 	(a)	 The Credit Agreement, as amended hereby, and each of the other Loan Documents shall be and remain in full force
and effect in accordance with their respective terms and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate, except as expressly set forth herein, as a modification or
waiver of any right, power, or remedy of the Administrative Agent or any Lender under the Credit Agreement or any other Loan Document. The consents, modifications and other agreements herein are limited to the specifics hereof (including facts or
occurrences on which the same are based), shall not apply with respect to any facts or occurrences other 

  
 3 

	 	
than those on which the same are based, shall not excuse any non-compliance with the Loan Documents, and shall not operate as a consent or waiver to any
matter under the Loan Documents. Except for the amendments to the Credit Agreement expressly set forth herein, the Credit Agreement and other Loan Documents shall remain unchanged and in full force and effect. The execution, delivery and performance
of this Amendment shall not operate as a waiver of or, except as expressly set forth herein, as an amendment of, any right, power or remedy of the Lenders in effect prior to the date hereof. The amendments, consents, modifications and other
agreements set forth herein are limited to the specifics hereof, shall not apply with respect to any facts or occurrences other than those on which the same are based, and except as expressly set forth herein, shall neither excuse any future non-compliance with the Credit Agreement, nor operate as a waiver of any Default or Event of Default. To the extent any terms or provisions of this Amendment conflict with those of the Credit Agreement or other Loan
Documents, the terms and provisions of this Amendment shall control. 

  

	 	(b)	 To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict
with any terms or conditions of the Credit Agreement, after giving effect to this Amendment, such terms and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified or
amended hereby. 

  

	 	(c)	 This Amendment is a Loan Document. 

9. Entire Agreement. This Amendment, and terms and provisions hereof, the Credit Agreement and the other Loan Documents constitute the
entire understanding and agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior or contemporaneous amendments or understandings with respect to the subject matter hereof, whether express or
implied, oral or written. 
 10. No Defenses. Each Loan Party hereby absolutely and unconditionally releases and forever
discharges the Administrative Agent, each Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present and former
directors, officers, agents, attorneys and employees of any of the foregoing (each, a “Releasee” and collectively, the “Releasees”), from any and all claims, demands or causes of action of any kind,
nature or description, whether arising in law or equity or upon contract or tort or under any state or federal law or otherwise (each, a “Claim” and collectively, the “Claims”), which such Loan Party
has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and including the date of this Amendment which relates directly or
indirectly, to the Credit Agreement or any other Loan Document, whether such claims, demands and causes of action are matured or unmatured or known or unknown, except for the duties and obligations set forth in this Amendment and other than with
respect to the acts or omissions of any Releasee that a court of competent jurisdiction determines to have resulted from the gross negligence, willful misconduct or bad faith of such Releasee. 

  
 4 

 11. Ratification. The Loan Parties hereby restate, ratify and reaffirm each and every
term and condition set forth in the Credit Agreement and the Loan Documents effective as of the date hereof and as amended hereby. 
 12.
Severability. In case any provision in this Amendment shall be invalid, illegal or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby. 
 [Signature pages follow] 

  
 5 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 

 

			
	BORROWER:
	
	ORGANOGENESIS HOLDINGS INC.
		
	By:	 	 /s/ Henry Hagopian

	Name:	 	Henry Hagopian
	Title:	 	Senior Vice President, Finance & Treasurer
	
	ORGANOGENESIS INC.
		
	By:	 	 /s/ Henry Hagopian

	Name:	 	Henry Hagopian
	Title:	 	Senior Vice President, Finance & Treasurer
	
	PRIME MERGER SUB, LLC
		
	By:	 	 /s/ Henry Hagopian

	Name:	 	Henry Hagopian
	Title:	 	Senior Vice President, Finance & Treasurer

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Matt Griffiths

	Name:	 	Matt Griffiths
	Title:	 	Director

 
			
	LENDERS:
	
	SILICON VALLEY BANK,
	as Issuing Lender, Swingline Lender and as a Lender
		
	By:	 	 /s/ Matt Griffiths

	Name:	 	Matt Griffiths
	Title:	 	Director

 
			
	ELM 2020-4 TRUST
	as a Lender
	
	By: MidCap Financial Services Capital Management, LLC, as Servicer
		
	By:	 	 /s/ John O’Dea

	Name:	 	John O’Dea
	Title:	 	Authorized Signatory

 
			
	MIDCAP FUNDING XIII TRUST
	as a Lender
	
	By: Apollo Capital Management, L.P., its investment manager
	
	By: Apollo Capital Management GP, LLC,
	its general partner
		
	By:	 	 /s/ Maurice Amsellem

	Name:	 	Maurice Amsellem
	Title:	 	Authorized Signatory

 
			
	ELM 2020-3 TRUST
	as a Lender
	
	By: MidCap Financial Services Capital Management, LLC, as Servicer
		
	By:	 	 /s/ John O’Dea

	Name:	 	John O’Dea
	Title:	 	Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00325-of-00352.parquet"}]]