SEC Contract Filing

Filing Date: 2020-10-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>eypt-ex101_7.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
eypt-ex101_7.htm
</title>
</head>
<!-- NG Converter v5.0.2.50 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;color:#000000;text-transform:none;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="_cp_text_1_36"></a><a name="_cp_text_1_45"></a><a name="_cp_text_1_51"></a><a name="_cp_text_1_57"></a><font style="Background-color:#FFFFFF;">Exhibit 10.1</font></p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">AMENDMENT No. 2 and Waiver TO TERM LOAN AGREEMENT </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS AMENDMENT NO. 2 AND WAIVER TO TERM LOAN AGREEMENT, dated as of October 8, 2020 (this &#8220;<font style="font-weight:bold;font-style:italic;">Amendment</font>&#8221;) is made among EYEPOINT PHARMACEUTICALS, INC., a Delaware corporation (the &#8220;<font style="font-weight:bold;font-style:italic;">Borrower</font>&#8221;), the other Obligors party hereto, CRG SERVICING LLC, as administrative agent and collateral agent (in such capacities, &#8220;<font style="font-weight:bold;font-style:italic;">Administrative Agent</font>&#8221;) and the lenders listed on the signature pages hereof (collectively, the &#8220;Lenders&#8221;), with respect to the Loan Agreement referred to below.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">RECITALS</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, Borrower, Administrative Agent and the Lenders are parties to the Term Loan Agreement, dated as of February 13, 2019, with the Guarantors from time to time party thereto (as amended by the Amendment, Consent, and Waiver to Term Loan Agreement, dated as of August 19, 2020, and as modified by the Waiver to Term Loan Agreement, dated as of November 19, 2019, as further modified by the Consent to Acquisition, dated as of January 31, 2020, and as further modified by the Consent, dated as of April 22, 2020, and as amended and restated, modified or supplemented from time to time, the &#8220;<font style="font-weight:bold;font-style:italic;">Loan Agreement</font>&#8221;); </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, Borrower has requested that Administrative Agent and the Lenders (which Lenders constitute the Majority Lenders party to the Loan Agreement as required by <font style="font-weight:bold;">Section 13.04</font> of the Loan Agreement), and Administrative Agent and the Lenders have agreed to, (i) amend the Minimum Required Revenue covenant set forth <font style="font-weight:bold;">Section 10.02(c) </font>of the Loan Agreement,<font style="font-weight:bold;"> </font>and (ii) waive Borrower&#8217;s requirement to comply with the Minimum Required Revenue covenant set forth in <font style="font-weight:bold;">Section 10.02(b) </font>of the Loan Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:none;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">SECTION 1.<font style="margin-left:36pt;"></font>Definitions; Interpretation<font style="font-weight:normal;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;text-transform:none;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">(a)<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Terms Defined in Loan Agreement</font>.&nbsp;&nbsp;All capitalized terms used in this Amendment (including in the recitals hereof) and not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;text-transform:none;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">(b)<font style="margin-left:36pt;"></font><font style="font-weight:bold;">Interpretation</font>.&nbsp;&nbsp;The rules of interpretation set forth in <font style="font-weight:bold;">Section 1.03</font> of the Loan Agreement shall be applicable to this Amendment and are incorporated herein by this reference.</p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;text-transform:none;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="_cp_blt_2_10"></a><a name="_cp_text