SEC Contract Filing

Filing Date: 2024-04-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ex_646299.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
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<p style="margin: 0px 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.5</b></font></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;"><b>AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AGREEMENT</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LOAN AGREEMENT (this</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">&#8220;<b><i>Amendment</i></b>&#8221;) is made and entered into as of March 28, 2024 (the &#8220;<b><i>Effective Date</i></b>&#8221;), by and between GUERRILLA RF, INC., a Delaware corporation (the &#8220;<b><i>Borrower</i></b>&#8221;), and SALEM INVESTMENT PARTNERS V, LIMITED PARTNERSHIP, a North Carolina limited partnership (&#8220;<b><i>Salem V</i></b>&#8221;), in its capacity as a lender (&#8220;<b><i>Lender</i></b>&#8221;) and Salem V, in its capacity as Collateral Agent under the Loan Agreement (&#8220;<b><i>Collateral Agent</i></b>&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">WHEREAS, the Borrower, Collateral Agent and Lender are parties to that certain Amended and Restated Loan Agreement dated as of September 5, 2023 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the &#8220;<b><i>Loan Agreement</i></b>&#8221;);</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">WHEREAS, the parties hereto have agreed to make certain amendments to the Loan Agreement on the terms set forth herein.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:</p>

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<p style="font-family:Times New Roman;font-size:10pt;;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;<u>Capitalized Terms</u>. Except as otherwise defined herein, all capitalized terms used in this Amendment shall have the meanings assigned thereto in the Loan Agreement.</p>

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<p style="font-family:Times New Roman;font-size:10pt;;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Amendments to Loan Agreement</u>. As of the Effective Date, the Loan Agreement (but excluding the Schedules and Exhibits thereto) is hereby amended by (a) deleting the red stricken text (indicated textually in the same manner as the following example: <strike style="color:#ff0000;">stricken text</strike>), (ii) adding the double underlined text (indicated textually in the same manner as the following example: <font style="color:#0000ff;text-decoration-line:underline;text-decoration-style:double;">double-underlined text</font>) and (iii) moving the green stricken text (indicated textually in the same manner as the following example: <font style="color:#6aa84f;"><strike>stricken green text</strike></font>) to where shown in the green double-underlined text (indicated textually in the same manner as the following example: <font style="color:#6aa84f;"><font style="text-decoration-line:underline;text-decoration-style:double;">double underlined green text</font></font>) all as set forth in the amended Loan Agreement attached hereto as <u>Exhibit A</u>.</p>

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<p style="font-family:Times New Roman;font-size:10pt;;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">3.&nbsp;&nbsp;&nbsp;&nbsp;<u>Effect of Amendment</u>. Except as expressly amended hereby, the Loan Agreement shall be and remain in full force and effect. The Borrower acknowledges and agrees that the Loan Agreement and the other Loan Documents shall remain unmodified and in full force and effect, except as amended hereunder.</p>

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<p style="font-family:Times New Roman;font-size:10pt;;font-variant:normal;text-align:justify;margin:0pt;text-indent:63pt;">(a)&nbsp;&nb