Item 1.01. Entry into a Material Definitive Agreement.
As previously disclosed,AgileThought, Inc. (the "Company") has defaulted under that certain Financing Agreement, dated as ofMay 27, 2022 (as amended to date, the "Financing Agreement"), by and among the Company and the other loan parties thereto (collectively, the "Financing Agreement Loan Parties"), the lenders thereunder (the "1L Lenders"), andBlue Torch Finance LLC , as administrative and collateral agent for such lenders (the "1L Agent"), for which it sought forbearance. OnApril 18, 2023 , the Company and the other Financing Agreement Loan Parties entered into a forbearance agreement regarding the Financing Agreement, as first amended as ofMay 14, 2023 (the "Financing Forbearance Agreement"). Pursuant to the Financing Forbearance Agreement, the 1L Agent and the 1L Lenders agreed to forbear (the "Forbearance") from accelerating their obligations and otherwise exercising any rights and remedies (other than certain limited remedies, such as continuing to accrue applicable default interest) under the Financing Agreement and the other Loan Documents (as defined in the Financing Agreement), originally untilMay 10, 2023 , and as first amended untilMay 19, 2023 , or earlier in the event of non-compliance with certain representations, covenants ant other requirements, all subject to the terms and conditions thereof. OnMay 19, 2023 , the Company and the other Financing Agreement Loan Parties entered into a Second Amendment to the Financing Forbearance Agreement pursuant to which the Forbearance was extended throughMay 26, 2023 , or earlier in the event of non-compliance with certain representations, covenants and other requirements, all subject to the terms and conditions thereof. The foregoing description of the Second Amendment to the Financing Forbearance Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the complete text thereof, a copy of which is being filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibit(s). Exhibit Number Exhibit Description 10.1 Second Amendment to Forbearance
Agreement, dated as of
by and amongAgileThought, Inc. , certain lenders and other parties relating to theU.S. borrower. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
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