It all seems to be coming to fruition, page-21

EXTRACTED FROM FEB 2 ANN.
Can someone explain this in layman terms. Thanks.


Amendment to Credit Agreement
On January 31, 2016, the Company, Unilife Medical Solutions, Inc. (the “Borrower”), a subsidiary of the Company, and certain of the
Company’s other subsidiaries entered into the fifth amendment (the “Fifth Amendment to the Credit Agreement”) to that certain
credit agreement, dated March 12, 2014, as amended by that certain First Amendment to the Credit Agreement, dated September 30,
2014, that certain Second Amendment to the Credit Agreement, dated June 30, 2015, that certain Third Amendment to the Credit
Agreement, dated October 13, 2015 and that certain Fourth Amendment to the Credit Agreement dated December 31, 2015
(collectively with the Fifth Amendment to the Credit Agreement, the “Amended Credit Agreement”), with ROS Acquisition Offshore
LP (together with its affiliates, successors, transferees and assignees, the “Lender”), an affiliate of OrbiMed Advisors LLC.
Pursuant to and subject to the terms of the previously disclosed Fourth Amendment to the Credit Agreement, the Lender agreed to
defer the due date for the December 31, 2015 interest payment (in the amount of $1,700,857.37) (the “Interest Payment”) to
February 5, 2016. Pursuant to and subject to the terms of the Fifth Amendment to the Credit Agreement, the Lender agreed to further
defer the due date for the Interest Payment to Tuesday, February 9, 2016. Additionally, the Borrower agreed to pay interest on such
deferred amount from December 31, 2015 at the rate set forth in the Amended Credit Agreement and to pay all fees and expenses
incurred by the Lender in connection with the Fifth Amendment to the Credit Agreement.
Amendment to Royalty Agreement
On January 31, 2016, the Company, the Borrower and certain of the Company’s other subsidiaries entered into the third amendment
(the “Third Amendment to the Royalty Agreement”) to that certain royalty agreement, dated March 12, 2014, as amended by that
certain First Amendment to the Royalty Agreement, dated September 30, 2014 and that certain Second Amendment to the Royalty
Agreement, dated October 13, 2015, with the Lender. The Third Amendment to the Royalty Agreement became effective as of
January 29, 2016.
Pursuant to and subject to the terms of the Third Amendment to the Royalty Agreement, the Lender agreed to defer the due date for
(i) $124,749.81 of the January 30, 2016 royalty payment to February 1, 2016, and (ii) $678,150.00 of the January 30, 2016 royalty payment to February 9, 2016.