WAIVER AGREEMENTWaiver Agreement • March 2nd, 2016 • Vbi Vaccines Inc. • Biological products, (no disgnostic substances) • New York
THIS WAIVER AGREEMENT (this “Agreement”), dated as of February 25, 2016, is entered into by and among VARIATION BIOTECHNOLOGIES (US), INC., a Delaware corporation (the “Borrower”); VBI Vaccines Inc., a Delaware corporation (“Holdco”); Variation Biotechnologies, Inc., a corporation incorporated under the Canada Business Corporations Act (“Canadian Sub” and together with Holdco, the “Guarantors”); and Perceptive Credit Opportunities Fund, LP (as assigned from PCOF 1, LLC, the “Lender”). Terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement defined below.
