EXHIBIT 10(l)
AMENDMENT #12 TO LOAN AGREEMENT DATED DECEMBER 1, 2001
Xxxxxxx Xxxxxx
00000 Xxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
December 1, 2001
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, December
31, 1999, October 1, 2000, and October 1, 2001.
Dear Xxxxx:
This letter confirms that the Maturity Date for the Revolving Credit Loan (as
defined in the Loan Agreement) is extended to December 1, 2002.
Very Truly Yours
By: /s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
AGREED TO AND ACCEPTED:
LANNETT COMPANY, INC.
By: /s/ Xxxxx Xxxxxxxxxx
Xxxxx Xxxxxxxxxx, Chief Operating Officer
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