SEC Contract Filing

Filing Date: 2025-02-21

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d885218dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS <B>FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT</B> (this &#147;<B>Amendment</B>&#148;), dated as of February&nbsp;21, 2025 (the
&#147;<B>Fifth Amendment Effective Date</B>&#148;), is entered into by and among BLUEBIRD BIO, INC., a Delaware corporation (&#147;<B>Company</B>&#148;), and each other Person that has delivered a Joinder Agreement from time to time party to the
Existing Loan Agreement (together with Company, individually or collectively, as the context may require, &#147;<B>Borrower</B>&#148;), the several banks and other financial institutions or entities from time to time parties to the Existing Loan
Agreement (each, a &#147;<B>Lender</B>&#148;, and collectively &#147;<B>Lenders</B>&#148;) that are party hereto and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity as administrative agent and collateral agent for itself and Lenders
(in such capacities, including any successors or permitted assigns, &#147;<B>Agent</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. Borrower, Lenders and Agent are parties
to that certain Loan and Security Agreement, dated as of March&nbsp;15, 2024 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time to date, including by that certain First Amendment to Loan and Security
Agreement dated as of April&nbsp;30, 2024, that certain Second Amendment to Loan and Security Agreement dated as of July&nbsp;9, 2024, that certain Third Amendment to Loan and Security Agreement dated as of August&nbsp;13, 2024, and that certain
Fourth Amendment to Loan and Security Agreement dated as of August&nbsp;29, 2024, the&nbsp;&#147;<B>Existing Loan</B><B></B><B>&nbsp;Agreement</B>&#148; and the Existing Loan Agreement, as amended by this Amendment, the &#147;<B>Amended Loan
Agreement</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>B.</B> Borrower has requested that Agent and the Required Lenders make certain amendments to the Existing Loan
Agreement as further set forth herein, including modification of the requirements of Section&nbsp;7.21(a) of the Existing Loan Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C. Although Agent and Required Lenders are not under any obligation to do so, Agent and Required Lenders are willing to make certain
amendments to the Existing Loan Agreement as further set forth herein (including modification of the requirements of Section&nbsp;7.21(a) of the Existing Loan Agreement), in each case on the terms and conditions set forth in this Amendment, so long
as Borrower complies with the terms, covenants and conditions set forth in this Amendment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 1 Definitions; Interpretation. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <B>Defined Terms</B>. All capitalized terms used in this Amendment (including in the recitals hereof) and not otherwise defined herein
shall have the meanings assigned to them in the Amended Loan Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <B>Rules of Construction</B>. The rules of construction that
appear in <U>Section</U><U></U><U>&nbsp;1.3</U> of the Amended Loan Agreement shall be applicable to this Amendment and are incorporated herein by this reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 2 [Reserved]. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION 3 Amendments to the
Existing Loan Agreement. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Existing Loan Agreement shall be amended as follows effective as of the date hereof (except as
otherwise noted): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) The following defined terms are hereby added, in appropriate alphabetical order, or amended and restated, as
applicable, in <U>Section</U><U></U><U>&nbsp;1.1</U> of the Existing Loan Agreement, as set forth below: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Excluded
Account</U>&#148; means any of the following accounts which are designated as such in writing to Agent as of the Fifth Amendment Effective Date and subject to verification by Agent (including supporting documentation requested by Agent): (i)
accounts used exclusively to maintain cash collateral subject to a Permitted Lien, (ii)&nbsp;any payroll, payroll taxes or other employee wage and benefits account (excluding, in each case, any amounts for severance payments), provided that the
aggregate balance of all such accounts shall not exceed the lesser of (x)&nbsp;the amount of all payroll, payroll taxes or related wage or benefit payments required to be made in the two (2)&nbsp;next payroll periods (and such additional amounts as
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