WARRANT TO PURCHASE STOCK OF LARGE SCALE BIOLOGY CORPORATIONWarrant Agreement • October 28th, 2005 • Large Scale Biology Corp • Pharmaceutical preparations • California
This Warrant certifies that, as a material inducement for Agility Capital, LLC, the original Holder (as defined below) to enter into that certain Loan Agreement (the “Loan Agreement”), dated October 20, 2005, by and between Holder and Large Scale Biology Corporation, a Delaware corporation (the “Company”), the Holder is entitled, subject to the terms and conditions of this Warrant, to purchase from the Company at any time prior to 5:00 p.m. Pacific time on or before December 31, 2015 (the “Expiration Date”) shares of Warrant Stock (as defined below) equal to the Exercise Quantity (as defined below) at a price per share equal to the Exercise Price (as defined below), upon surrender of this Warrant at the principal offices of the Company, together with a duly executed subscription form substantially in the form attached hereto as Exhibit 1 and, if applicable, payment of the full Warrant Price for the shares of Warrant Stock so purchased in lawful money of the United States. The Exercise
LOAN AGREEMENT Dated as of October 20, 2005 by and between AGILITY CAPITAL, LLC as Agility and LARGE SCALE BIOLOGY CORPORATION as Borrower TOTAL CREDIT AMOUNT: Up to $1,500,000Loan Agreement • October 28th, 2005 • Large Scale Biology Corp • Pharmaceutical preparations • California
The information set forth above is subject to the terms and conditions set forth in the balance of this Agreement. The parties agree as follows:
