0001193125-15-013438 Sample Contracts

WAIVER AGREEMENT
Waiver Agreement • January 16th, 2015 • International Stem Cell CORP • Pharmaceutical preparations • Delaware

This Waiver Agreement (the “Agreement”) is entered into as of December 31, 2014, by and between International Stem Cell Corporation, a Delaware corporation (the “Company”), and Andrey Semechkin, an individual, Ruslan Semechkin, an individual, and AR Partners, LLC, a Delaware limited liability company (collectively, the “Holders”) with respect to the following:

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