EXHIBIT 10(l)
AMENDMENT #12 TO LOAN AGREEMENT DATED DECEMBER 1, 2001
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▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
December 1, 2001
▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Lannett Company, Inc. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇,
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Re: Loan Agreement between ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ("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 ▇▇▇▇▇:
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/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
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AGREED TO AND ACCEPTED:
LANNETT COMPANY, INC.
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Chief Operating Officer
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