Settlement Consideration. Virpax will pay Sorrento and Scilex a total of $6 million. Virpax will pay that amount as follows: No later than two business days after the Effective Date, Virpax will wire $3.5 million to Scilex (the “Initial Payment”). By or on July 1, 2024, Virpax will wire the remaining $2.5 million to Scilex.
Appears in 4 contracts
Samples: Settlement Agreement and Mutual Releases (Scilex Holding Co), Settlement Agreement and Mutual Releases (Scilex Holding Co), Settlement Agreement and Mutual Releases (Scilex Holding Co)
