SEC Contract Filing

Filing Date: 2023-08-25

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d531828dex101.htm
<DESCRIPTION>EX-10.1
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 <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>Certain identified information has been excluded from this exhibit because it is both (i)&nbsp;not material and (ii)&nbsp;is the type of
information that the registrant treats as private or confidential. Triple asterisks denote omissions. </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">LOAN AGREEMENT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Loan Agreement, dated as of August&nbsp;21, 2023 (&#147;<U>Agreement</U>&#148;), is among Celularity Inc., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), and the lenders party hereto (collectively, the &#147;<U>Lenders</U>&#148; and each, a &#147;<U>Lender</U>&#148; and, together with the Borrower, the &#147;<U>Parties</U>&#148; and each, a &#147;<U>Party</U>&#148;).
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">AGREEMENT: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
consideration of the foregoing and the mutual agreements contained in this Agreement, the receipt and sufficiency of which are acknowledged, the Parties hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SECTION 1.&nbsp;&nbsp;&nbsp;&nbsp;INTERPRETATION: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement is to be interpreted in accordance with the rules of construction set forth on <U>Annex A</U>. Capitalized terms used in this
Agreement and not otherwise defined have the meanings set forth for such terms on <U>Annex A</U>. All annexes, schedules and exhibits to this Agreement are deemed to be a part of this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SECTION 2.&nbsp;&nbsp;&nbsp;&nbsp;LOAN FACILITY: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1&nbsp;&nbsp;&nbsp;&nbsp;<U>Loan</U>. The Lenders shall make loans (collectively, the &#147;<U>Loan</U>&#148;) to the Borrower in the
principal amount of $3,000,000. Each Lender, severally and not jointly, shall make its portion of the Loan to the Borrower in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in
writing by the Borrower for such purpose. The obligation of each Lender to remit its portion of the Loan to the Borrower is several from that of each other Lender and the failure of any Lender to so make such amount available to the Borrower will
not relieve any other Lender of its obligations hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2&nbsp;&nbsp;&nbsp;&nbsp;<U>Evidence of Debt</U>. Each Lender shall maintain
records evidencing the Borrower&#146;s indebtedness resulting from the Loan owing to such Lender, and the entries made in such records are prima facie evidence absent manifest error of the existence and amounts of the obligations recorded therein. A
Lender&#146;s failure to maintain such records or make any entry therein or any error therein does not in any manner affect the obligations of the Borrower under the Loan Documents. Upon a Lender&#146;s request, the Borrower shall prepare, execute
and deliver a promissory note to such Lender to evidence the principal amount of the Loan owing to such Lender, in a form reasonably approved by such Lender. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.3&nbsp;&nbsp;&nbsp;&nbsp;<U>Repayment of the Loan</U>. The Borrower shall repay the outstanding principal amount of the Loan in full at the
earlier of (a)&nbsp;the Maturity Date or (b)&nbsp;Borrower&#146;s receipt of gross proceeds of $4,500,000 or greater from a Subsequent Transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.4&nbsp;&nbsp;&nbsp;&nbsp;<U>Prepayment of the Loan</U>. The Borrower may at any time and from time to time prepay the Loan, in whole or in
part, with irrevocable prior written notice to each Lender (a &#147;<U>Prepayment Notice</U>&#148;) given at least three Business Days before the proposed prepayment date, specifying the date and amount of the prepayment. If a Prepayment Notice is
given, the Borrower shall prepay the amount specified in such Prepayment Notice on the prepayment date set forth therein. A partial prepayment of the Loan must be in an aggregate amount of $1,000,000 or a whole multiple of $100,000 in excess
thereof. A Prepayment Notice received after 3:00 p.m. is deemed received on the next Business Day. Amounts repaid or prepaid with respect to the Loan may not be reborrowed. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.5&nbsp;&nbsp;&nbsp;&nbsp;<U>Interest</U>. The Borrower shall pay interest on the
outstanding principal amount of the Loan at a rate equal to 15.0% per annum. Following the occurrence of an Ev