SEC Contract Filing

Filing Date: 2023-03-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.25-1
<SEQUENCE>2
<FILENAME>brhc10049985_ex10-251.htm
<DESCRIPTION>EXHIBIT 10.25.1
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 <div style="text-align: right; font-weight: bold;">Exhibit 10.25.1</div>
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 <div style="text-align: justify; text-indent: 72pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">AMENDMENT NO. 1 TO CREDIT AGREEMENT AND GUARANTY</font><font style="font-size: 10pt;">, dated as of March 22, 2023 (this &#8220;<u>Amendment</u>&#8221;),

 by and among ADMA BIOLOGICS, INC., a Delaware corporation (the &#8220;<u>Borrower</u>&#8221;), the other Credit Parties party hereto, the lenders party hereto (the &#8220;<u>Lenders</u>&#8221;) and HAYFIN SERVICES LLP, as administrative agent for the Lenders hereunder
 (in such capacity, together with its successors and assigns in such capacity, the &#8220;<u>Agent</u>&#8221;).</font></div>
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 <div style="text-align: justify; text-indent: 72pt;">WHEREAS, the Borrower, certain Subsidiaries of the Borrower from time to time party thereto, as guarantors, the Lenders from time to time party thereto and the Agent are party to that certain
 Credit Agreement and Guaranty, dated as of March 23, 2022 (the &#8220;<u>Existing Credit Agreement</u>&#8221;, as amended by this Amendment and as may be further amended, amended and restated, supplemented or otherwise modified from time to time, the &#8220;<u>Credit

 Agreement</u>&#8221;);</div>
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 <div style="text-align: justify; text-indent: 72pt;">WHEREAS, the Borrower has requested, and subject to the terms and conditions set forth herein, the Lenders have agreed, to amend certain provisions of the Existing Credit Agreement as set forth
 herein in accordance with Section 11.1 thereof.</div>
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 <div style="text-align: justify; text-indent: 72pt;">NOW THEREFORE, in consideration of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
 acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</div>
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 <div style="text-align: center; font-weight: bold;">ARTICLE I</div>
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 <div style="text-align: center;"><u>Definitions</u></div>
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 <div style="text-align: justify; text-indent: 72pt;">SECTION 1.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Terms used but not defined herein have the respective meanings given to such terms in the Credit Agreement.</div>
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 <div style="text-align: center; font-weight: bold;">ARTICLE II</div>
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 <div style="text-align: center;"><u>Amendments to the Existing Credit Agreement</u></div>
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 <div style="text-align: justify; text-indent: 72pt;">SECTION 2.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of the First Amendment Effective Date (as defined below), the Existing Credit Agreement is hereby amended as follows:</div>
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 <div style="text-align: justify; text-indent: 72pt; margin-left: 22.5pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The definition of &#8220;Delayed Draw Commitment Expiration Date&#8221; in Section 1.1 of the Existing Credit Agreement is hereby deleted in its entirety and replaced with the
 following:</div>
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 <div style="text-align: justify; margin-left: 72pt;">&#8220;&#8220;<u>Delayed Draw Commitment Expiration Date</u>&#8221; means June 30, 2023.&#8221;.</div>
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 <div style="text-align: justify; text-indent: 72pt; margin-left: 22.5pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Section 7.1(d) of the Existing Credit Agreement is hereby deleted in its entirety and replaced with the following:</div>
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 <div style="text-align: justify; text-indent: 72pt; margin-left: 22.5pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;as soon as available and in any event within sixty (60) days after the end of each Fiscal Year (or, with respect to the Fiscal Year ended December 31,
 2022, upon written request by the Agent, e-mail being sufficient (acting on its own or at the request of the Majority Lenders) within fifteen (15) business days following such request), an annual budget, a business plan and financial forecasts of
 the Borrower and its Subsidiaries for the then-current Fiscal Year of the Borrower, in form and substance as approved by the board of directors (or equivalent) of the Borrower, which shall include a projection of income and a projected cash flow
 statement for each Fiscal Quarter in such Fiscal Year and a projected balance sheet as of the end of each Fiscal Quarter in such Fiscal Year, in each case prepared in reasonable detail, with appropriate presentation and discussion (in reasonable
 detail) of the principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of an Authorized Officer of t