0001467154-23-000081 Sample Contracts

SUPERPRIORITY DEBTOR IN POSSESSION LOAN AND SECURITY AGREEMENT

Superpriority Debtor in Possession Loan and Security Agreement • July 17th, 2023 • Novan, Inc. • Pharmaceutical preparations

• Contract Type
  Superpriority Debtor in Possession Loan and Security Agreement
• Filed
  July 17th, 2023
• Company
  Novan, Inc.
• Industry
  Pharmaceutical preparations

THIS SUPERPRIORITY DEBTOR IN POSSESSION LOAN AND SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, “Agreement”) is entered into as of July 17, 2023 (“Effective Date”), among LIGAND PHARMACEUTICALS, INCORPORATED, a Delaware corporation (together with its successors and assigns, “Lender”), NOVAN, INC. a Delaware corporation (“Novan”) and EPI Health, LLC, a South Carolina limited liability company (“EPI” and, together with Novan, each, a “Borrower” and collectively, the “Borrowers”).

LOAN AND SECURITY AGREEMENT

Loan and Security Agreement • July 17th, 2023 • Novan, Inc. • Pharmaceutical preparations

• Contract Type
  Loan and Security Agreement
• Filed
  July 17th, 2023
• Company
  Novan, Inc.
• Industry
  Pharmaceutical preparations

THIS LOAN AND SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, “Agreement”) is entered into as of July 14, 2023 (“Effective Date”), among LIGAND PHARMACEUTICALS, INCORPORATED, a Delaware corporation (together with its successors and assigns, “Lender”), NOVAN, INC. a Delaware corporation (“Novan”) and EPI HEALTH, LLC, a South Carolina limited liability company (“EPI” and, together with Novan, each, a “Borrower” and collectively, the “Borrowers”).