SEC Contract Filing

Filing Date: 2024-02-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.68
<SEQUENCE>2
<FILENAME>mmsi-20231231xex10d68.htm
<DESCRIPTION>EX-10.68
<TEXT>
<html><head></head><body link=blue lang="EN-US"><div><div align="center"><div align="center"><div style="position:absolute; top:17px; right:64px; font-family:'Times New Roman'; font-size:10pt; font-weight:bold;">Exhibit 10.68</div><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img src="mmsi-20231231xex10d68g001.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">EXECUTION VERSION
181877470_7
FIRST AMENDMENT TO
FOURTH AMENDED AND RESTATED CREDIT AGREEMENT
Dated as of December 5, 2023
This FIRST AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT
AGREEMENT (this &#x201C;Amendment&#x201D;) is by and among MERIT MEDICAL SYSTEMS, INC., a Utah
corporation (the &#x201C;Borrower&#x201D;), certain subsidiaries of the Borrower party hereto (the &#x201C;Subsidiary
Guarantors&#x201D;), the lenders who are party to this Amendment (the &#x201C;Consenting Lenders&#x201D;), and WELLS
FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as administrative agent
for the Lenders (in such capacity, the &#x201C;Administrative Agent&#x201D;).
PRELIMINARY STATEMENTS
WHEREAS, the Borrower, the lenders party thereto (the &#x201C;Lenders&#x201D;), and the Administrative
Agent entered into that certain Fourth Amended and Restated Credit Agreement dated as of June 6, 2023
(as amended hereby and as may be further amended, restated, supplemented or otherwise modified from
time to time, the &#x201C;Credit Agreement&#x201D;); and
WHEREAS, the Borrower requested that the Administrative Agent and the Lenders agree to
amend the Credit Agreement as specifically set forth herein and, subject to the terms of this Amendment,
the Administrative Agent and the Consenting Lenders have agreed to grant such request of the Borrower.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto hereby agree as follows:
Section 1. Capitalized Terms. All capitalized terms not otherwise defined in this
Amendment (including without limitation in the introductory paragraph and the Preliminary Statements
hereto) shall have the meanings as specified in the Credit Agreement.
Section 2. Amendments to Credit Agreement. Subject to and in accordance with the terms
and conditions set forth herein, the Administrative Agent and each of the Consenting Lenders hereby
agrees as follows:
(a) Section 1.1 of the Credit Agreement is hereby amended by inserting the
following new defined terms in proper alphabetical order:
&#x201C;&#x2018;Permitted Bond Hedge Transaction&#x2019; means any bond hedge, call or capped call
option (or substantively equivalent derivative transaction) relating to the Borrower&#x2019;s
common stock (or other securities or property following a merger event, reclassification
or other change of the common stock of the Borrower) purchased by the Borrower or a
Subsidiary thereof in connection with the issuance of any Permitted Convertible
Indebtedness and settled in common stock of the Borrower (or such other securities or
property), cash or a combination thereof (such amount of cash determined by reference to
the price of the Borrower&#x2019;s common stock or such other securities or property), and cash
in lieu of fractional shares of common stock of the Borrower; provided that the purchase
of any such Permitted Bond Hedge Transaction is made with, and the purchase price
thereof does not exceed, the net proceeds received by the Borrower or a Subsidiary
thereof in connection with the issuance of such Permitted Convertible Indebtedness;
provided further that the other terms, conditions and covenants of each such transaction </font></p></td></tr></table></div><div style="margin-left:2.6515151515151%;margin-right:2.65151515151515%;page-break-after:always;" ><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div align="center"><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img src="mmsi-20231231xex10d68g002.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">181877470_7
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shall be such as are customary for transactions of such type (as determined by the
Borrower in good faith).&#x201D;
&#x201C;&#x2018;Permitted Convertible Indebtedness&#x2019; means unsecured Indebtedness of the
Borrower or a Subsidiary thereof that (a) as of the date of issuance thereof contains
customary conversion or exchange rights, customary premiums and customary offer to
repurchase rights for transactions of such type (in each case, as determined by the
Borrower in good faith) and (b) is convertible into or exchangeable for shares of common
stock of the Borrower (or other securities or property following a merger event,
reclassification or other change of the common stock of the Borrower), cash or a
combination thereof (such amount of cash determined by reference to the price of the
Borrower&#x2019;s common stock or such other securities or property), and cash in lieu of
fractional shares of common stock of the Borrower; provided that that such Indebtedness
is permitted to be incurred under Section 11.1(k).&#x201D;
&#x201C;&#x2018;Secure