SEC Contract Filing

Filing Date: 2019-01-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d678656dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EIGHTH AMENDMENT TO CREDIT AGREEMENT AND </U></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AMENDMENT TO CONSENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Eighth Amendment to Credit Agreement and Amendment to Consent Agreement (this &#147;<B><I>Amendment</I></B>&#148;) dated as of
December&nbsp;31, 2018 is entered into by and among ORGANOGENESIS INC., a Delaware corporation (&#147;<B><I>Organogenesis</I></B>&#148;), PRIME MERGER SUB, LLC, a Delaware limited liability company (&#147;<B><I>Prime</I></B>&#148;, and together with
Organogenesis, each individually a &#147;<B><I>Borrower</I></B>&#148; and, collectively, the &#147;<B><I>Borrowers</I></B>&#148;), the several banks and other financial institutions or entities that are parties hereto as &#147;Lenders&#148; (each a
&#147;<U>Lender</U>&#148; and, collectively, the &#147;<B><I>Lenders</I></B>&#148;), SILICON VALLEY BANK (&#147;<B><I>SVB</I></B>&#148;), as the Issuing Lender and the Swingline Lender, and SVB, as administrative agent and collateral agent for the
Lenders (in such capacities, the &#147;<B><I>Administrative Agent</I></B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>W I T N E S S E T H: </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Borrowers, the Lenders, the Administrative Agent, the Issuing Lender and the Swingline Lender are party to that certain
Credit Agreement dated as of March&nbsp;21, 2017, as amended by a Joinder, Assumption and First Amendment to Credit Agreement dated as of March&nbsp;24, 2017, as further amended by a Second Amendment to Credit Agreement and Amendment to Guarantee
and Collateral Agreement dated as of August&nbsp;10, 2017, as further amended by a Third Amendment to Credit Agreement dated as of November&nbsp;7, 2017, as further amended by a Waiver and Fourth Amendment to Credit Agreement dated as of
February&nbsp;9, 2018, as further amended by a Fifth Amendment to Credit Agreement dated as of April&nbsp;5, 2018, and as further amended by a Forbearance and Sixth Amendment to Credit Agreement, dated as of May&nbsp;23, 2018 (the
&#147;<B>Forbearance Agreement</B>&#148;) and as further amended by a Seventh Amendment to Credit Agreement and Amendment to Consent Agreement (the &#147;<B>Consent Amendment</B>&#148;) dated as of October&nbsp;31, 2018 (as further amended,
modified, supplemented or restated and in effect from time to time, the &#147;<B><I>Credit Agreement</I></B>&#148;). All capitalized terms used herein and not otherwise defined herein, shall have the meanings assigned to such terms in the Credit
Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS,</B> the Borrowers, the Lenders and the Administrative Agent are party to a certain Consent, dated August&nbsp;17,
2018, as amended by a Waiver and Amendment to Consent Agreement dated as of September&nbsp;27, 2018, as further amended by the Consent Amendment (the &#147;<U>Consent Agreement</U>&#148;), which, among other things, amended certain terms of the
Forbearance Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Borrowers have advised the Administrative Agent that they intend to repay all Obligations
due and owing in connection with the Term Loans; as of the date hereof such amount is approximately $5,025,856.16 (the &#147;<B><I>Term</I></B> <B><I>Loan Payoff Amount</I></B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS, </B>the Borrowers have requested that the Administrative Agent and the Lenders agree to modify and amend certain terms and
conditions of the Credit Agreement and the Consent Agreement to among other things, reduce the Term Commitment to zero dollars ($0), and the Administrative Agent and the Lenders have agreed to do so, subject to the terms and conditions of this
Amendment. </P>
</DIV></Center>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. &nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments to Credit Agreement</U>. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The cover page to the Credit Agreement is hereby amended by deleting the reference to &#147;$35,000,000&#148;
in the first line thereof and inserting &#147;$30,000,000&#