Exhibit 10.18
LOAN AGREEMENT
for loans in the aggregate amount of
$25,000,000
MADE BY AND AMONG
Regeneration Technologies, Inc.,
a Delaware corporation,
Alabama Tissue Center, Inc.
an Alabama corporation,
RTI Services, Inc.
a Delaware corporation
Biological Recovery Group, Inc.
a Delaware corporation
Each As “Borrower”
AND
MERRILL LYNCH BUSINESS FINANCIAL SERVICES, INC.,
Through its division, Merrill Lynch Capital
a Delaware corporation
222 North LaSalle Street – 18th Floor
Chicago, Illinois 60601
As “Lender”
Dated as of February 20, 2004
LOAN AGREEMENT
THIS LOAN AGREEMENT (“ Agreement ”) is made as of February 20, 2004, by and among REGENERATION
TECHNOLOGIES, INC., a Delaware corporation (“RTI”), and ALABAMA TISSUE CENTER, INC., an Alabama corporation
(“ATC”), RTI Services, Inc., a Delaware corporation (“RTI Services”) and Biological Recovery Group, Inc., a Delaware
corporation (“BRG”) (RTI, ATC, RTI Services and BRG are collectively referred to herein as the “ Borrower ”), and MERRILL
LYNCH CAPITAL FINANCIAL SERVICES, INC., a Delaware corporation, through its division Merrill Lynch Capital
(collectively, with its successors and assigns, “ Lender ”).
RECITALS
A. Borrower desires to establish certain financing arrangements with and borrow funds from Lender, and Lender is willing
to establish such arrangements for and make loans and extensions of credit to Borrower, on the terms and conditions set forth
below.
B. The parties desire to define the terms and conditions of their relationship and to reduce their agreements to writing.
NOW, THEREFORE, in consideration of the promises and covenants contained in this Agreement, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties covenant and agree as
follows:
ARTICLE I
DEFINITIONS
Section 1.1 General Definitions . As used in this Agreement, the fo