LOAN AND SECURITY AGREEMENTLoan and Security Agreement • July 2nd, 2012 • Insmed Inc • Pharmaceutical preparations • California
THIS LOAN AND SECURITY AGREEMENT is made and dated as of June 29, 2012 and is entered into by and between INSMED INCORPORATED, a Virginia corporation (“Parent”), INSMED PHARMACEUTICALS, INC., a Virginia corporation (“Insmed Pharma”), CELTRIX PHARMACEUTICALS, INC. a Delaware corporation (“Celtrix”), TRANSAVE, LLC, a Delaware corporation (“Transave”), and each of the subsidiaries joined hereto (the “Joined Subsidiaries”, together with Parent, Insmed Pharma, Celtrix and Transave are hereinafter collectively referred to as the “Borrowers” and each individually as a “Borrower”), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Maryland corporation (the “Lender”).
