Document:

EX-10.7(d)

 Exhibit 10.7(d) 

WAIVER AND FOURTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

This WAIVER AND FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is dated as of November 23,
2020, by and among OUSTER, INC., a Delaware corporation (“Borrower Representative”), and each other Person party hereto as a borrower from time to time (collectively, “Borrowers”, and each, a
“Borrower”), the lenders from time to time party hereto (collectively, “Lenders”, and each, a “Lender”), and RUNWAY GROWTH CREDIT FUND INC., as administrative agent and collateral agent for
Lenders (in such capacity, “Agent”). 
 RECITALS 

A. Borrowers, Agent and Lenders are parties to that certain Loan and Security Agreement, dated November 27, 2018, as amended by that
certain First Amendment to Loan and Security Agreement, dated as of March 28, 2019, that certain Second Amendment to Loan and Security Agreement, dated as of August 5, 2019, and that certain Third Amendment to Loan and Security Agreement,
dated as of April 3, 2020 (as further amended, restated, supplemented or otherwise modified, from time to time, the “Agreement”). 

B. The parties desire to amend the Agreement in accordance with this Amendment. 

 

	 	1.	 AMENDMENTS 

1.1 The defined term “Permitted Investments” set forth in Exhibit A to the Agreement is hereby
amended by amending and restating clause (d)(iii) of such defined term in its entirety to read as follows: “(iii) Investments by Loan Parties in Subsidiaries which are not Loan Parties in an aggregate amount per fiscal year not to exceed
Two Million Dollars ($2,000,000),” 
 1.2 Section 7.6 of the Agreement is hereby amended by adding the
following at the end of such section: “Borrowers shall not permit the aggregate cash balance of all Subsidiaries that are not Loan Parties to exceed $1,000,000 (or US Dollar equivalent in applicable foreign currency), at any time.”

 1.3 Exhibit D to the Agreement is hereby amended and restated to read as set forth on
Exhibit D attached hereto. 
 2. WAIVER. Agent and Required Lenders hereby waive the existing
Events of Default arising due to a breach of Section 7.7 of the Agreement resulting from Investments in Subsidiaries that are not Loan Parties in excess of amounts permitted by clause (d) of the defined term
“Permitted Investments” for the months of August, September and October 2020. Such waiver is limited to the specific circumstances of the foregoing Events of Default, and shall not be deemed to (a) be a consent to any amendment,
waiver or modification of any other term or condition of any Loan Document, (b) create a course of dealing with respect to Events of Default other than the foregoing Events of Default, or (c) otherwise prejudice any right or remedy which
Agent or any Lender may now have or may have in the future under or in connection with any Loan Document. Agent and Lenders shall be entitled to demand strict compliance with the terms of the Loan Documents, as the same are amended by this
Amendment. 

	 	3.	 REPRESENTATIONS AND WARRANTIES 

3.1 Borrowers represent and warrant that 

(a) the representations and warranties contained in the Agreement are true and correct in all material respects as of the date of this
Amendment, and, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing; 
 (b) each Borrower
has the power and authority to execute and deliver this Amendment and perform its obligations under the Agreement, as amended by this Amendment; 

(c) the execution and delivery by each Borrower of its obligations under the Agreement, as amended by this Amendment, have been duly authorized
by all requisite action; 
 (d) the execution and delivery by each Borrower of this Amendment and the performance by each Borrower of its
obligations under the Agreement, as amended by this Amendment, do not and will not contravene (a) any material Requirement of Law, (b) any material contractual restriction in any material agreement with a Person binding on such Borrower,
(c) any order, judgment or decree of any Governmental Authority binding on such Borrower, or (d) the Operating Documents of such Borrower; 

(e) the execution and delivery by each Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement,
as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any Governmental Authority, except as already has been obtained or made;
and 
 (f) this Amendment has been duly executed and delivered by each Borrower and is the binding obligation of each Borrower, enforceable
against such Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or
affecting creditors’ rights. 
  

	 	4.	 CONDITIONS TO EFFECTIVENESS 

The effectiveness of this Amendment is subject to the following conditions precedent: 

4.1 Agent shall have received this Amendment, duly executed by Borrowers; 

4.2 Borrowers shall have paid an amendment fee of $15,000 and any Lender Expenses due and payable as of the date hereof, which Borrowers
hereby authorize may be debited by Agent, on behalf of Lender, in accordance with Section 2.5 of the Agreement. 

	 	5.	 GENERAL PROVISIONS 

5.1 Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement and
this Amendment shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects. Except as expressly set forth herein, the execution, delivery, and performance of this
Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Agent under the Agreement, as in effect prior to the date hereof. Each Borrower ratifies and reaffirms the continuing effectiveness of the Loan
Documents entered into in connection with the Agreement. 
 5.2 This Amendment and the Loan Documents represent the entire agreement
with respect to this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan
Documents merge into this Amendment and the Loan Documents. 
 5.3 This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one instrument. 
 5.4 This Amendment shall constitute a
Loan Document. Accordingly, the provisions of Section 11 of the Agreement shall likewise apply to this Amendment. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 [SIGNATURE PAGE TO THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT] 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the date set forth above. 

 

			
	BORROWER:
	
	OUSTER, INC.
		
	By	 	 /s/ Anna Brunelle

	Name: Anna Brunelle
	Title: Chief Financial Officer

 [SIGNATURE PAGE TO THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT] 

 

			
	AGENT:
	
	RUNWAY GROWTH CREDIT FUND INC.
		
	By	 	 /s/ David Spreng

	Name: David Spreng
	Title: Chief Executive Officer
	
	LENDER
	
	RUNWAY GROWTH CREDIT FUND INC.
		
	By	 	 /s/ David Spreng

	Name: David Spreng
	Title: Chief Executive Officer

			
	BORROWER REPRESENTATIVE:
	
	OUSTER, INC.

  

			
	By:	 	  

			
	Name:	 	  

			
	Title:EX-4.1

 Exhibit 4.1 

NUMBER 

U-         
 SEE
REVERSE FOR CERTAIN DEFINITIONS 
 CUSIP         

ATHLON ACQUISITION CORP. 

UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND ONE-HALF OF ONE REDEEMABLE WARRANT, EACH
WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE SHARE OF CLASS A COMMON STOCK 
 THIS CERTIFIES THAT
                     is the owner of
                     Units. 
 Each Unit
(“Unit”) consists of one share of Class A common stock, par value $0.0001 per share (“Common Stock”), of CM Life Sciences, Inc., a Delaware corporation (the “Company”), and
one-third of one redeemable warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one share of Common Stock for $11.50 per share (subject to adjustment). Only
whole Warrants are exercisable. Each whole Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other
similar business combination with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised
before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation (the “Expiration Date”).
The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately prior to                     ,
2021, unless Jefferies LLC elects to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited
balance sheet reflecting the Company’s receipt of the gross proceeds of the Company’s initial public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of
the Units. The terms of the Warrants are governed by a Warrant Agreement, dated as of                     , 2021, between the Company and Continental
Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant
Agreement are on file at the office of the Warrant Agent at 1 State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without
cost. 
 This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Company. 

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York. 

Witness the facsimile signature of a duly authorized signatory of the Company. 

 

					
	  
	 		 	  

	Authorized Signatory	 		 	Transfer Agent

 ATHLON ACQUISITION CORP. 

The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of equity or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. 

 The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to applicable laws or regulations: 
  

													
	TEN COM	  	—	  	as tenants in common	  	UNIF GIFT MIN ACT	  		  	Custodian	  	
		  		  		  		  	
                 
	  		  	
                 

	TEN ENT	  	—	  	as tenants by the entireties	  		  	(Cust)	  		  	(Minor)
					
	JT TEN	  	—	  	as joint tenants with right of survivorship and not as tenants in common	  		  	under Uniform Gfts to Minors Act
	 	  	 	  	 	  	 	  	  

		  		  		  		  	(State)

 Additional abbreviations may also be used though not in the above list. 

 

					
	For value received,	  		  	hereby sell, assign and transfer unto

 (PLEASE INSERT SOCIAL SECURITY OR OTHER DENTIFYING NUMBER OF ASSIGNEE) 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 

Units represented by the within Certificate, and do hereby irrevocably constitute and appoint 

Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises. 

 

			
	Dated	  	
		  	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

  

	
	 Signature(s) Guaranteed:

	
	THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C.
RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR RULE)).

 As more fully described in, and subject to the terms and conditions described in, the Company’s final prospectus for its
initial public offering dated                     , 2021, the holder(s) of this certificate shall be entitled to receive a pro rata portion of
certain funds held in the trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the shares of Common Stock sold in the Company’s initial public offering and
liquidates because it does not consummate an initial business combination by the date set forth (the “Last Date”) in the Company’s Amended and Restated Certificate of Incorporation, as the same may be amended from time to time (the
“Charter”), (ii) the Company redeems the shares of Common Stock sold in its initial public offering properly submitted in connection with a stockholder vote to amend the Charter to modify the substance or timing of the Company’s
obligation to redeem 100% of the Common Stock if it does not consummate an initial business combination by the Last Date or with respect to any other material provisions relating to stockholders’ rights or
pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its 

 
respective shares of Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business
combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account. 

  
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