LOAN AGREEMENTLoan Agreement • September 9th, 2011 • Lannett Co Inc • Pharmaceutical preparations
THIS LOAN AGREEMENT is made this 26th day of May, 2011, and effective as of May 26, 2011 (the “Effective Date”), BY AND BETWEEN THE PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY (“PIDA”), a public body corporate and politic, organized and existing under and by virtue of the laws of the Commonwealth of Pennsylvania, having its principal place of business at Commonwealth Keystone Building, 400 North Street, Fourth Floor, Harrisburg, Pennsylvania 17120; PIDC FINANCING CORPORATION, a Pennsylvania nonprofit corporation with an address at 2600 Centre Square, 1500 Market Street, Philadelphia, Pennsylvania 19102-2126 (the “IDC”); and LANNETT COMPANY, INC., a corporation with its principal place of business at 9000 State Road, Philadelphia, Pennsylvania 19136 (the “Industrial Occupant”).
AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • September 9th, 2011 • Lannett Co Inc • Pharmaceutical preparations
This AMENDED AND RESTATED LOAN AGREEMENT (the “Agreement”) is entered into this 29th day of April, 2011, effective as of March 31, 2011, between WELLS FARGO BANK, NATIONAL ASSOCIATION (successor in interest to Wachovia Bank, National Association) (“Bank”), with a place of business located at 123 South Broad Street, Philadelphia, PA 19109 and LANNETT COMPANY, INC., a Delaware corporation, LANNETT HOLDINGS, INC., a Delaware corporation and CODY LABORATORIES, INC., a Wyoming corporation (individually and collectively, the “Borrower”), each with its chief executive office located at 13200 Townsend Road, Philadelphia, PA 19154.
