TERMINATION OF LOAN DOCUMENTS AND INVESTORS’ RIGHTS AGREEMENT (Sirion Therapeutics, Inc. and PharmaBio Development Inc.)Termination of Loan Documents and Investors’ Rights Agreement • September 18th, 2006 • Tenby Pharma Inc • Blank checks • North Carolina
This Termination Agreement (this “Agreement”) dated as of September 13, 2006, is made and entered into by and among Sirion Therapeutics, Inc., a North Carolina corporation (“Borrower”), PharmaBio Development Inc. (d/b/a NovaQuest), a North Carolina corporation (“Lender”), and the individuals listed as “Shareholders” on Exhibit A (the “Founders”) to the Investors’ Rights Agreement (as defined below). Capitalized terms used but not defined herein shall have the meanings given to them in the Loan Agreement (as defined below).
