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EXHIBIT 10(k)
AMENDMENT #10 TO LOAN AGREEMENT
DATED DECEMBER 31, 1999
Xxxxxxx Xxxxxx
00000 Xxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
December 31, 1999
Xx. Xxxxx Xxxxxxxxxx
Lannett Company, Inc.
0000 Xxxxx Xxxx
Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000
Re: Loan Agreement between Xxxxxxx Xxxxxx ("Lender") and Lannett
Company, Inc., a Delaware Corporation ("Borrower") dated August 30, 1991, as
amended by Amendment #1 to Loan Agreement dated as of March 15, 1993, and by
letter agreements dated August 1, 1994, May 15, 1995, December 31, 1995, June
30, 1996, November 1, 1996, September 9, 1997, June 30, 1998, December 30, 1998
and December 31, 1999.
Dear Xxxxx:
This letter confirms that the Maturity Date for the Revolving Credit Loan (as
defined in the Loan Agreement) is extended to October 1, 2001.
Very Truly Yours
By: /s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
AGREED TO AND ACCEPTED:
LANNETT COMPANY, INC.
By:/s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxxx, Chief Operating Officer
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