LOAN AND SECURITY AGREEMENTLoan and Security Agreement • February 26th, 2013 • Sorrento Therapeutics, Inc. • Services-commercial physical & biological research • Delaware
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of February 22, 2013 (the “Effective Date”) between SILICON VALLEY BANK, a California corporation (“Bank”), and SORRENTO THERAPEUTICS, INC., a Delaware corporation (“Borrower”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. The parties agree as follows:
