SEC Contract Filing

Filing Date: 2021-08-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>gern-ex101_128.htm
<DESCRIPTION>LOAN AMENDMENT
<TEXT>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">EXHIBIT 10.1</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#212121;font-size:10pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">CERTAIN&#160;<font style="color:#252525;">CONFIDENTIAL</font>&#160;<font style="color:#252525;">PORTIONS</font>&#160;OF THIS EXHIBIT HAVE BEEN OMITTED AND REPLACED WITH &#8220;[***]&#8221;. SUCH IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS (I)&#160;NOT MATERIAL AND (II)&#160;WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF DISCLOSED.</p>
<p style="margin-bottom:12pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="margin-bottom:12pt;text-align:center;margin-top:0pt;text-indent:0%;font-size:10pt;font-weight:bold;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS <font style="font-weight:bold;">FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT</font> (this &#8220;<font style="font-weight:bold;">Amendment</font>&#8221;), dated as of&#160;August 12, 2021 (the &#8220;<font style="font-weight:bold;">Amendment Effective Date</font>&#8221;), is entered into by and among Geron Corporation, a Delaware corporation (&#8220;<font style="font-weight:bold;">Borrower</font>&#8221;), each of its Subsidiaries (hereinafter collectively referred to as the <font style="font-weight:bold;">&#8220;Borrower&#8221;</font>&#8221;) other than any Excluded Subsidiaries, and Silicon Valley Bank, a California corporation (&#8220;<font style="font-weight:bold;">SVB</font>&#8221;), HERCULES CAPITAL, INC., a Maryland corporation (&#8220;<font style="font-weight:bold;">Hercules</font>&#8221;), each as a Lender, the several banks and other financial institutions or entities from time to time party thereto (collectively, the &#8220;<font style="font-weight:bold;">Lenders</font>&#8221;), and Hercules, in its capacity as administrative agent and collateral agent for itself and the Lender (in such capacity, together with its successors and assigns in such capacity, &#8220;<font style="font-weight:bold;">Agent</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Borrower, the Lenders and Agent are parties to a Loan and Security Agreement dated as of&#160;September 30, 2020 (as amended, restated or modified from time to time, the &#8220;<font style="font-weight:bold;">Loan and Security Agreement</font>&#8221;).&nbsp;&nbsp;The Borrower has requested that Agent and Lenders agree to certain amendments to the Loan and Security Agreement.&nbsp;&nbsp;Agent and Lenders have agreed to such request, subject to the terms and conditions hereof.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Accordingly, the parties hereto agree as follows:</p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:normal;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">SECTION 1</font><font style="font-size:12pt;font-weight:normal;margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Definitions; Interpretation.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">(a)</font><font style="font-size:12pt;margin-left:36pt;color:#000000;"></font><font style="font-weight:bold;color:#000000;">Terms Defined in Loan and Security Agreement</font><font style="color:#000000;">.&nbsp;&nbsp;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 Loan and Security Agreement.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">(b)</font><font style="font-size:12pt;margin-left:36pt;color:#000000;"></font><font style="font-weight:bold;color:#000000;">Interpretation</font><font style="color:#000000;">.&nbsp;&nbsp;The rules of interpretation set forth in Sections&#160;1.3 and 1.4 of the Loan and Security Agreement shall be applicable to this Amendment and are inco