First Amendment to the Credit Agreement, dated as of May 22, 2024, to Credit Agreement dated as of April 4, 2023, by and among Innodata Inc., Innodata Synodex, LLC, Innodata Docgenix, LLC, Agility PR Solutions LLC, and Innodata Services, LLC as borrowers, and Wells Fargo Bank, National Association, as lender
Exhibit 10.1
FIRST AMENDMENT
TO
CREDIT AGREEMENT
This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of May 22, 2024, by and among INNODATA INC., a Delaware corporation (“Innodata”), INNODATA SYNODEX, LLC, a Delaware limited liability company (“Synodex”), INNODATA DOCGENIX, LLC, a Delaware limited liability company (“Docgenix”), AGILITY PR SOLUTIONS LLC, a Delaware limited liability company (“Solutions”), INNODATA SERVICES, LLC, a Delaware limited liability company (“Services”, and together with Innodata, Synodex, Docgenix, Solutions and any entity that may hereafter become party to the Credit Agreement as a Borrower, individually, a “Borrower” and collectively, “Borrowers”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”).
WHEREAS, Borrowers and Lender have entered into financing arrangements as set forth in that certain Credit Agreement, dated April 4, 2023, by and among Borrowers and Lender (as amended, restated, renewed, extended, supplemented, substituted and otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, Borrowers have requested that Lender make certain amendments to the Credit Agreement in accordance with the terms hereof.
NOW, THEREFORE, upon the mutual agreements and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their authorized officers as of the day and year first above written.
BORROWERS:
INNODATA INC. | |
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By: | /s/ Marissa B. Espineli 5/22/24 |
Name: Marissa Espineli | |
Title: Interim CFO |
INNODATA SYNODEX, LLC | |
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By: | /s/ Marissa B. Espineli 5/22/24 |
Name: Marissa Espineli | |
Title: Interim CFO, Innodata Inc. Sole Member |
INNODATA DOCGENIX, LLC | |
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By: | /s/ Marissa B. Espineli5/22/24 |
Name: Marissa Espineli | |
Title: Interim CFO, Innodata Inc. 94% Member |
AGILITY PR SOLUTIONS LLC | |
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By: | /s/ Marissa B. Espineli5/22/24 |
Name: Marissa Espineli | |
Title: Interim CFO, Innodata Inc. Sole Member |
INNODATA SERVICES, LLC | |
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By: | /s/ Marissa B. Espineli5/22/24 |
Name: Marissa Espineli | |
Title: Interim CFO, Innodata Inc. Sole Member |
LENDER:
WELLS FARGO BANK, NATIONAL ASSOCIATION | |
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By: | /s/ Marc Zawatsky |
Name: | |
Title: VP |