SEC Contract Filing

Filing Date: 2017-08-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>gen-20170630ex101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="sD517A994BE31BE1EE37199DCA276E0BC"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETED ASTERISKS [***], HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Execution Version</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT AND <br>SECOND AMENDMENT TO FEE LETTER</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT AND SECOND AMENDMENT TO FEE LETTER</font><font style="font-family:inherit;font-size:10pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amendment</font><font style="font-family:inherit;font-size:10pt;">&#8221;), dated as of&#160;May 31, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Third Amendment Effective Date</font><font style="font-family:inherit;font-size:10pt;">&#8221;), is made among&#160;GenMark Diagnostics, Inc., a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:10pt;">&#8221;), the other Loan Parties party to that certain Loan and Security Agreement (as defined below), Solar Senior Capital Ltd., in its capacity as administrative and collateral agent (in such capacity, together with its successors and assigns in such capacity, &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agent</font><font style="font-family:inherit;font-size:10pt;">&#8221;), SUNS SPV LLC, as lender, East West Bank, as lender, and the other Lenders party to the Loan and Security Agreement or otherwise a party thereto from time to time (each a &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lender</font><font style="font-family:inherit;font-size:10pt;">&#8221; and collectively, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lenders</font><font style="font-family:inherit;font-size:10pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Borrower, the other Loan Parties, the Lenders and Agent are parties to a Loan and Security Agreement dated as of&#160;January 12, 2015 (as amended by that certain letter agreement dated as of September 30, 2015, that certain letter agreement dated as of March 17, 2016, that certain First Amendment to Loan and Security Agreement dated as of July 27, 2016, that certain Second Amendment to Loan and Security Agreement dated as of February 27, 2017, and as further amended, amended and restated, supplemented or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Loan and Security Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;). The Borrower and Agent are parties to that certain Amended and Restated Fee Letter dated January 9, 2015 (as amended pursuant to that certain First Amendment to Loan and Security Agreement dated as of February 27, 2017 and as further amended, amended and restated, supplemented or otherwise modified from time to time, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fee Letter</font><font style="font-family:inherit;font-size:10pt;">&#8221;). The Borrower has requested that the Lenders agree to certain amendments to the Loan and Security Agreement and the Fee Letter. The Lenders have agreed to such request, subject to the terms and conditions hereof.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accordingly, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:0px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:0px;">SECTION 1</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Definitions; Interpretation.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Terms Defined in Loan and Security Agreement</font><font style="font-family:inherit;font-size:10pt;">. All capitalized terms used in this Amendment (including in the preamble and recitals hereof) and not otherwise defined herein shall have the meanings assigned to them in the Loan and Security Agreement.</font></div><div style