Effective December 31, 2016, Bacterin International, Inc., wholly-owned subsidiary of Xtant Medical Holdings, Inc., as borrower, the company, X-Spine Systems, Inc. and Xtant Medical, Inc. collectively as the guarantors, ROS Acquisition Offshore LP and OrbiMed Royalty Opportunities II, LP, entered into the seventh amendment to amended and restated credit agreement, which amended the existing amended and restated credit agreement. The facility generally provided for the refinancing of approximately $24,000,000 in previously existing term loans and the borrowing of an additional $18,000,000 by Bacterin. The amendment deferred Bacterin's accrued interest payment date for the fiscal quarter ended on December 31, 2016 until January 14, 2017. The interest due on January 14, 2017 will be $1,107,244.19 plus interest accrued on such interest from January 2, 2017 until paid at a rate equal to 14% plus the higher of the LIBO Rate for the fiscal quarter ended on December 31, 2016, or 1%. The amendment also modified the minimum liquidity financial covenant of the Facility by allowing the company and its subsidiaries to maintain a liquidity amount of not less than $500,000 until March 31, 2017. At all times after March 31, 2017, the liquidity of the company and its subsidiaries must not be less than $5,000,000.