SEC Contract Filing

Filing Date: 2019-03-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.14
<SEQUENCE>5
<FILENAME>axsm-20181231ex10144b86d.htm
<DESCRIPTION>EX-10.14
<TEXT>
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 <font style="display:inline;">LOAN AND SECURITY AGREEMENT</font>
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 <font style="display:inline;font-weight:bold;">THIS LOAN AND SECURITY AGREEMENT</font><font style="display:inline;"> (this &#x201C;Agreement&#x201D;) dated as of March 5, 2019 (the &#x201C;</font><font style="display:inline;font-weight:bold;">Effective Date</font><font style="display:inline;">&#x201D;), among (a) </font><font style="display:inline;font-weight:bold;">SILICON VALLEY BANK</font><font style="display:inline;">, a California corporation (&#x201C;</font><font style="display:inline;font-weight:bold;">SVB</font><font style="display:inline;">&#x201D;), in its capacity as administrative agent and collateral agent (&#x201C;</font><font style="display:inline;font-weight:bold;">Agent</font><font style="display:inline;">&#x201D;), (b) </font><font style="display:inline;font-weight:bold;">SILICON VALLEY BANK</font><font style="display:inline;">, a California corporation, as a lender, (c) </font><font style="display:inline;font-weight:bold;">WESTRIVER INNOVATION LENDING FUND VIII, L.P.</font><font style="display:inline;">, a Delaware limited partnership (&#x201C;</font><font style="display:inline;font-weight:bold;">WestRiver</font><font style="display:inline;">&#x201D;), as a lender (SVB and WestRiver and each of the other &#x201C;Lenders&#x201D; from time to time a party hereto are referred to herein collectively as the &#x201C;</font><font style="display:inline;font-weight:bold;">Lenders</font><font style="display:inline;">&#x201D; and each individually as a &#x201C;</font><font style="display:inline;font-weight:bold;">Lender</font><font style="display:inline;">&#x201D;), and (d) </font><font style="display:inline;font-weight:bold;">AXSOME THERAPEUTICS, INC.</font><font style="display:inline;">, a Delaware corporation (&#x201C;</font><font style="display:inline;font-weight:bold;">Borrower</font><font style="display:inline;">&#x201D;), provides the terms on which Agent and the Lenders shall lend to Borrower, and Borrower shall repay Agent and the Lenders.&nbsp;&nbsp;The parties agree as follows:</font>
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 <font style="display:inline;color:#000000;">ACCOUNTING AND OTHER TERMS</font></p></td></tr></table></div>
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 <font style="display:inline;">Accounting terms not defined in this Agreement shall be construed following GAAP.&nbsp;&nbsp;Calculations and determinations must be made following GAAP.&nbsp;&nbsp;Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in Section 14 of this Agreement.&nbsp;&nbsp;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.</font>
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 <font style="display:inline;color:#000000;">LOAN AND TERMS OF PAYMENT</font></p></td></tr></table></div>
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 <font style="display:inline;font-weight:bold;">Promise to Pay</font><font style="display:inline;color:#000000;">. &nbsp; &nbsp;Borrower hereby unconditionally promises to pay to Agent, for the ratable benefit of each Lender, the outstandin