Omnibus Amendment to Fee Letter and Amendment to Superpriority Debtor in Possession Loan and Security Agreement Sample Contracts

OMNIBUS AMENDMENT NO. 1 TO FEE LETTER AND AMENDMENT NO. 2 TO SUPERPRIORITY DEBTOR IN POSSESSION LOAN AND SECURITY AGREEMENT

Omnibus Amendment to Fee Letter and Amendment to Superpriority Debtor in Possession Loan and Security Agreement • August 24th, 2023 • Novan, Inc. • Pharmaceutical preparations

• Contract Type
  Omnibus Amendment to Fee Letter and Amendment to Superpriority Debtor in Possession Loan and Security Agreement
• Filed
  August 24th, 2023
• Company
  Novan, Inc.
• Industry
  Pharmaceutical preparations

This OMNIBUS AMENDMENT NO. 1 TO FEE LETTER AND AMENDMENT NO. 2 TO SUPERPRIORITY DEBTOR IN POSSESSION LOAN AND SECURITY AGREEMENT, dated as of August 21, 2023 (this “Amendment”), is by and among NOVAN, INC., a Delaware corporation, EPI HEALTH, LLC, a South Carolina limited liability company (“EPI” and, together with Novan, each, a “Borrower” and collectively, the “Borrowers”), LIGAND PHARMACEUTICALS, INCORPORATED, a Delaware corporation (together with its successors and assigns, “Lender”). For purposes of this Amendment, all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Amended Loan Agreement (as defined below).