November 19, 2013
Exhibit 10.1
November 19, 2013
000 Xxxxxxxx Xxxxxx, Xxxxx 0000
Xxxxxx, XX 00000
Attn: Xxxxx Xxxxx
AMENDMENT NO. 1
| Re: | Loan and Security Agreement dated as of October 23, 2013 (as may be amended from time to time) by and between InspireMD, Inc. and Inspire M.D LTD (individually and collectively, referred to as “Borrower”) and Hercules Technology Growth Capital, Inc. (“Lender”) (the“Agreement”) |
This letter will serve as an amendment by Lender of the requirement set forth in Section 7.1(b) of the Agreement that Borrower deliver to Lender its unaudited interim and year-to-date financial statements as of the end of such calendar quarter within 30 days after the end of each calendar quarter. The reference to “30” days in such Section is hereby replaced with “45” days. Subject to the applicable grace period set forth in Section 9.2 of the Agreement, failure to do so shall result in an Event of Default under the Agreement.
The foregoing amendment is limited to the modification described herein and the Agreement shall otherwise remain unchanged in all respects.
Should you have any questions regarding this amendment No. 1, please do not hesitate to call me at (000) 000-0000.
| AGREED AND ACKNOWLEDGED BY: | |
| HERCULES TECHNOLOGY GROWTH CAPITAL, INC. | |
| /s/ Ben Bang | |
| Name: Ben Bang | |
| Title: Senior Counsel | |
| INSPIREMD, INC. | |
| /s/ Xxxxx Xxxxx | |
| Name: Xxxxx Xxxxx | |
| Title: CFO | |
| INSPIRE M.D. LTD. | |
| /s/ Xxxxx Xxxxx | |
| Name: Xxxxx Xxxxx | |
| Title: CFO | |
| 000 Xxxxxxxx Xxxxxx |
| Xxxxx 000 |
| Xxxx Xxxx, XX 00000 |
| 650.289.3060 |
| 650.473.9194 |
| xxx.XxxxxxxxXxxx.xxx |
