SEC Contract Filing

Filing Date: 2021-08-10

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>phat-ex101_150.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:7pt;text-align:center;margin-bottom:0pt;margin-left:36.63%;margin-right:37.43%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">SECOND AMENDMENT</font><font style="text-decoration:none;letter-spacing:-2.85pt;"> </font><font style="text-decoration:none;">TO</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:15.5%;margin-right:16.31%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">LOAN<font style="letter-spacing:-0.1pt;"> </font>AND<font style="letter-spacing:-0.1pt;"> </font>SECURITY<font style="letter-spacing:-0.05pt;"> </font>AGREEMENT</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:11.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:4.61%;margin-right:5.37%;text-indent:6.9%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This<font style="letter-spacing:-0.45pt;"> </font>Second<font style="letter-spacing:-0.4pt;"> </font>Amendment<font style="letter-spacing:-0.5pt;"> </font>to<font style="letter-spacing:-0.4pt;"> </font>Loan<font style="letter-spacing:-0.5pt;"> </font>and<font style="letter-spacing:-0.45pt;"> </font>Security<font style="letter-spacing:-0.65pt;"> </font>Agreement<font style="letter-spacing:-0.5pt;"> </font>(this<font style="letter-spacing:-0.3pt;"> </font>&#8220;<font style="font-weight:bold;">Amendment</font>&#8221;)<font style="letter-spacing:-0.5pt;"> </font>is<font style="letter-spacing:-0.4pt;"> </font>entered<font style="letter-spacing:-2.9pt;"> </font>into this 11<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> day of March, 2021, by and among (a) <font style="font-weight:bold;">SILICON VALLEY BANK</font>, a California<font style="letter-spacing:0.05pt;"> </font>corporation (&#8220;<font style="font-weight:bold;">SVB</font>&#8221;), in its capacity as administrative agent and collateral agent (&#8220;<font style="font-weight:bold;">Agent</font>&#8221;), (b)<font style="letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">SILICON VALLEY BANK</font>, a California corporation, as a lender, (c) <font style="font-weight:bold;">SVB INNOVATION</font><font style="font-weight:bold;letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">CREDIT FUND VIII, L.P.</font>, a Delaware limited partnership (&#8220;<font style="font-weight:bold;">SVB Innovation</font>&#8221;), as a lender<font style="letter-spacing:0.05pt;"> </font>(SVB and SVB Innovation and each of the other &#8220; Lenders&#8221;<font style="letter-spacing:0.05pt;"> </font>from time to time a party hereto are<font style="letter-spacing:0.05pt;"> </font>referred to herein collectively as the &#8220;<font style="font-weight:bold;">Lenders</font>&#8221; and each individually as a &#8220;<font style="font-weight:bold;">Lender</font>&#8221;), and (d)<font style="letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">PHATHOM PHARMACEUTICALS,</font><font style="font-weight:bold;letter-spacing:0.05pt;"> </font><font style="font-weight:bold;">INC.</font>, a Delaware corporation<font style="letter-spacing:0.05pt;"> </font>(&#8220;<font style="font-weight:bold;">Borrower</font>&#8221;), whose<font style="letter-spacing:0.05pt;"> </font>address<font style="letter-spacing:-0.05pt;"> </font>is 100 Campus Drive, Suite<font style="letter-spacing:-0.1pt;"> </font>102,<font style="letter-spacing:0.05pt;"> </font>Florham<font style="letter-spacing:0.1pt;"> </font>Park, New<font style="letter-spacing:-0.05pt;"> </font>Jersey<font style="letter-spacing:-0.25pt;"> </font>07932.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:36.63%;margin-right:37.43%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">R<font style="font-size:9.5pt;">ECITALS</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:4.61%;margin-right:5.37%;text-indent:6.9%;font-weight:bold;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:-0.05pt;"><font style="Background-color:#auto;text-decoration:none;">A.</font><font style="font-size:11pt;font-weight:normal;margin-left:96pt;color:#000000;"></font><font style="font-weight:normal;color:#000000;">Borrower, Agent and the Lenders have entered into that certain Loan and Security</font><font style="letter-spacing:-2.85pt;font-weight:normal;color:#000000;"> </font><font style="font-weight:normal;color:#000000;">Agreement dated as of May 14, 2019, as amended by that certain First Amendment to Loan and</font><font style="letter-spacing:0.05pt;font-weight:normal;color:#000000;"> </font><font style="font-weight:normal;color:#000000;">Security</font><font style="le