CareMax : New Financial Obligation - Form 8-K

Item 1.01 Entry into a Material Definitive Agreement.

On May 14, 2024, CareMax Inc., a Delaware corporation (the "Company"), entered into a Limited Waiver and Fourth Amendment (the "Fourth Amendment") to that certain Credit Agreement, dated as of May 10, 2022 (as amended, the "Credit Agreement"), by and among the Company, certain of the Company's subsidiaries as guarantors, Jefferies Finance LLC, as Administrative Agent, Collateral Agent, Sole Lead Arranger and Bookrunner, BlackRock Financial Management (as defined in the Credit Agreement), as Lead Manager, Crestline Direct Finance, L.P., as Documentation Agent, and the lenders from time to time party thereto (collectively with their successors and assigns, the "Lenders").

The Fourth Amendment amended the Credit Agreement to, among other things, (i) extend the waiver of certain events of default under the Credit Agreement in the limited manner set forth therein through June 17, 2024 (the "Temporary Waiver Period"), subject to an earlier termination of the waiver upon the occurrence of certain specified events and (ii) modify certain covenants contained in the Credit Agreement, including, but not limited to, reducing the minimum liquidity requirement to $10 million during the Temporary Waiver Period.

The foregoing description of the Fourth Amendment is not complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending June 30, 2024.