0001193125-11-118726 Sample Contracts

FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • April 29th, 2011 • Ligand Pharmaceuticals Inc • Pharmaceutical preparations

This First Amendment to Loan and Security Agreement (the “Amendment”), is entered into as of April 29, 2011, by and between SQUARE 1 BANK (the “Bank”) and LIGAND PHARMACEUTICALS INCORPORATED (the “Borrower”).

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FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • April 29th, 2011 • Ligand Pharmaceuticals Inc • Pharmaceutical preparations • California

This First Amendment to Loan and Security Agreement (this “Amendment”) is entered into this 29th day of April, 2011 (the “Amendment Date”), by and among OXFORD FINANCE LLC, successor in interest to Oxford Finance Corporation (“Oxford”), Oxford in its capacity as collateral agent on behalf of the Lenders (the “Collateral Agent”); the Lenders including Oxford in its capacity as a Lender (each a “Lender” and collectively, the “Lenders”); and LIGAND PHARMACEUTICALS INCORPORATED, a Delaware corporation, whose address is 11085 N. Torrey Pines Road, Suite 300, La Jolla, CA 92037 (“Borrower”).

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