Alimera Sciences Inc.

09/16/2024 | Press release | Distributed by Public on 09/16/2024 14:11

Asset Transaction Form 8 K

Item 1.02. Termination of Material Definitive Agreement.

Effective as of September 16, 2024, and contingent upon the consummation of the Merger, the Company terminated the Company's 2010 Employee Stock Purchase Plan, as amended.

In connection with the completion of the Merger, on the Closing Date, Parent, on behalf of the Company, repaid in full all indebtedness, liabilities and other obligations outstanding under, and terminated, (i) that certain Loan and Security Agreement dated as of December 31, 2019 (as amended, restated, amended and restated, modified, or otherwise supplemented from time to time prior to the date hereof) by and among the Company, SLR Investment Corp., a Maryland corporation (formerly known as Solar Capital Ltd.) ("SLR"), as collateral agent and a lender, and any other lenders party thereto from time to time, (ii) the Exit Fee Agreement, dated as of January 5, 2018, by and among the Company, SLR, as the collateral agent and a lender, and the other lenders party thereto (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time), (iii) the Exit Fee Agreement, dated as of December 31, 2019, by and among the Company, SLR, as the collateral agent and a lender, and the other lenders party thereto (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time), (iv) the Fifth Amendment Exit Fee Agreement, dated as of March 24, 2023, by and among the Company, SLR, as the collateral agent and a lender, and the other lenders party thereto (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time), and (v) the Third Amended and Restated Fee Letter, dated March 6, 2024, by and among the Company, SLR, as the collateral agent and a lender, and the other lenders party thereto (as amended, restated, amended and restated, supplemented, or otherwise modified from time to time).