SEC Contract Filing

Filing Date: 2025-03-24

Document Content:
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<TYPE>EX-10.18
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<DESCRIPTION>EX-10.18
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<DIV><FONT size="1" style="font-size:1pt;color:white"> LOAN AND SECURITY AGREEMENT THIS LOAN AND SECURITY AGREEMENT (as the same may from time to time be amended, modified, supplemented or restated, this &#8220;Agreement&#8221;) dated as of December 30, 2024 (the &#8220;Effective Date&#8221;) among OXFORD FINANCE LLC, a Delaware limited liability company with an office located at 115 South Union Street, Suite 300, Alexandria, VA 22314 (&#8220;Oxford&#8221;), as collateral agent (in such capacity, &#8220;Collateral Agent&#8221;), the Lenders listed on Schedule 1.1 hereof or otherwise a party hereto from time to time including Oxford in its capacity as a Lender, OXFORD FINANCE CREDIT FUND II LP, by its manager Oxford Finance Advisors, LLC, with an office located at 115 South Union Street, Suite 300, Alexandria, VA 22314 (&#8220;OFCF II&#8221;) and OXFORD FINANCE CREDIT FUND III LP, by its manager Oxford Finance Advisors, LLC, with an office located at 115 South Union Street, Suite 300, Alexandria, VA 22314 (&#8220;OFCF III&#8221;) (each a &#8220;Lender&#8221; and collectively, the &#8220;Lenders&#8221;), and CENTESSA PHARMACEUTICALS HOLDINGS, INC., a Delaware corporation with offices located at 1 Federal Street, 38th Floor, Boston, MA 02110, CENTESSA BIOSCIENCES, INC., a Delaware corporation with offices located at 1 Federal Street, 38th Floor, Boston, MA 02110 and CENTESSA PHARMACEUTICALS, LLC, a Delaware limited liability company with offices located at 1 Federal Street, 38th Floor, Boston, MA 02110 (individually and collectively, jointly and severally, &#8220;Borrower&#8221;), provides the terms on which the Lenders shall lend to Borrower and Borrower shall repay the Lenders. The parties agree as follows: 1. ACCOUNTING AND OTHER TERMS 1.1 Accounting terms not defined in this Agreement shall be construed in accordance with GAAP. Calculations and determinations must be made in accordance with GAAP. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. All references to &#8220;Dollars&#8221; or &#8220;$&#8221; are United States Dollars, unless otherwise noted. 2. LOANS AND TERMS OF PAYMENT 2.1 Promise to Pay. Borrower hereby unconditionally promises to pay each Lender, the outstanding principal amount of all Term Loans advanced to Borrower by such Lender and accrued and unpaid interest thereon and any other amounts due hereunder as and when due in accordance with this Agreement. 2.2 Term Loans. (a) Availability. (i) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, to make term loans to Borrower on the Effective Date in an aggregate amount of One Hundred Ten Million Dollars ($110,000,000.00) according to each Lender&#8217;s Term A Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a &#8220;Term A Loan&#8221;, and collectively as the &#8220;Term A Loans&#8221;). After repayment, no Term A Loan may be re-borrowed. (ii) Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, during the Second Draw Period, to make term loans to Borrower in an aggregate amount up to Forty Million Dollars ($40,000,000.00) according to each Lender&#8217;s Term B Loan Commitment as set forth on Schedule 1.1 hereto (such term loans are hereinafter referred to singly as a &#8220;Term B Loan&#8221;, and collectively as the &#8220;Term B Loans&#8221;). After repayment, no Term B Loan may be re-borrowed. (iii) Subject to the terms and conditions of this Agreement, the Lenders may, in their sole discretion upon Borrower&#8217;s request, agree to make term loans to Borrower in an aggregate amount equal to Fifty Million Dollars ($50,000,000.00) in a single advance prior to the Amortization Date and, if made, according to a commitment schedule to be provided by the Lenders prior to the Funding Date of such term loans (such term loans are hereinafter referred to singly as a &#8220;Term C Loan&#8221;, and collectively as the &#8220;Term C Loans&#8221;; each Term A Loan, Term B Loan, Term C Loan is hereinafter referred to singly as a &#8220;Term Loan&#8221;, and the Term A Loans, the Term B </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Loans, the Term C Loans are hereinafter referred to collectively as the &#8220;Term Loans&#8221;). After repayment, no Term C Loan may be re-borrowed. (b) Repayment. Borrower shall make monthly payments of interest only commencing on the first (1st) Payment Date following the first full calendar month to occur after the Funding Date of each Term Loan, and continuing on the Payment Date of each successive month thereafter through and including the Payment Date immediately preceding the Amortization Date. Borrower agrees to pay, on the Funding Date of each Term Loan as a deduction from the amounts borrowed on such date, any initial partial monthly interest payment otherwise due for the period between the Funding Date of such Term Loan and the last calendar day of the month in which such Term Loan funds. Commencing on the Amortization Dat