Exhibit 10.29
FIFTH AMENDMENT TO
LOAN, GUARANTY AND SECURITY AGREEMENT
This FIFTH AMENDMENT TO LOAN, GUARANTY AND SECURITY AGREEMENT (this “Amendment”), dated as of February 6, 2023, is by and among INARI MEDICAL, INC., a Delaware corporation (the “Borrower”), INARI MEDICAL INTERNATIONAL, INC., a Delaware corporation (the “IMI”), INARI MEDICAL LATIN AMERICA, INC., a Delaware corporation (“IMLA” and together with IMI, each, a “Guarantor” and collectively, the “Guarantors”), each of the lenders signatory hereto (the “Lenders”), and BANK OF AMERICA, N.A., as agent for the Lenders (in such capacity, the “Agent”). Capitalized terms used herein and not otherwise defined shall have the meaning assigned such term in the Loan Agreement (as defined below).
RECITALS:
A. WHEREAS, the Borrower, IMI, Lenders and the Agent are parties to that certain Loan, Guaranty and Security Agreement, dated as of September 4, 2020 (as amended, restated, amended and restated, renewed, extended, supplemented or otherwise modified from time to time, the “Loan Agreement”);
B. WHEREAS, the Obligors have requested that the Agent and Lenders amend the Loan Agreement in certain respects as set forth below, and the Agent and Lenders are willing to do so, subject to the terms and conditions set forth in this Amendment.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter contained, the parties hereto agree as follows:
“Letter of Credit Subline: $10,000,000.”
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[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered as of the date first above written.
BORROWER:
INARI MEDICAL, INC.,
a Delaware corporation
By: /s/ Mitchell Hill
Name: Mitchell Hill
Title: Chief Financial Officer and Assistant Secretary
GUARANTORS:
INARI MEDICAL INTERNATIONAL, INC., a Delaware corporation
By: /s/ Mitchell Hill
Name: Mitchell Hill
Title: Chief Financial Officer and Assistant Secretary
INARI MEDICAL LATIN AMERICA.,
a Delaware corporation
By: /s/ Mitchell Hill
Name: Mitchell Hill
Title: Chief Financial Officer and Assistant Secretary
Fifth Amendment to Loan, Guaranty and Security Agreement
(Inari)
Signature Page
AGENT AND LENDERS:
BANK OF AMERICA, N.A.,
as the Agent and a Lender
By: /s/ Ron Bornstein
Name: Ron Bornstein
Title: Senior Vice President
Fifth Amendment to Loan, Guaranty and Security Agreement
(Inari)
Signature Page