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EXHIBIT 10(k)
AMENDMENT #10 TO LOAN AGREEMENT
DATED DECEMBER 31, 1999
William Farber
32640 Whatley Road
Franklin, Michigan 48025
December 31, 1999
Mr. Larry Dalesandro
Lannett Company, Inc.
9000 State Road
Philadelphia, Pennsylvania 19136
Re: Loan Agreement between William Farber ("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
and December 31, 1999.
Dear Larry:
This letter confirms that the Maturity Date for the Revolving Credit Loan (as
defined in the Loan Agreement) is extended to October 1, 2001.
Very Truly Yours
By: /s/ William Farber
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William Farber
AGREED TO AND ACCEPTED:
LANNETT COMPANY, INC.
By:/s/ Larry Dalesando
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Larry Dalesandro, Chief Operating Officer
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