Company: SCLXW
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001193125-25-309782
Chunk: 21

Company: Scilex Holding Co
Filing Date: 2025-12-05
Form: 424B3
Chunk 21
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 pursuant to this Section 6.1(d)), or (ii) depositing in the Borrower Account in USD an amount equal to the value of the additional Listco Securities referred to in (i);

in the event that a Share Price Default has been cured pursuant to Section 6.1(d), there is a decrease in the closing price on the Exchange of the Listco Securities by such amount that the loan-to-value is equal to or greater than 70%;

there is a decrease in the average trading volume, calculated for any three (3) consecutive Trading Day period, of the Listco Securities on the Exchange of more than 20% below the average daily trading volume for the Listco Securities on the Exchange for the thirty (30) Trading Day period immediately preceding the Closing Date;

the trading in the Listco Securities on the Exchange ceases or is suspended for four (4) or more consecutive Trading Days for any reason;

the Listco Securities are delisted from the Exchange;

an Event of Insolvency occurs with respect to the Borrower;

an Event of Insolvency occurs with respect to the Issuer;

the Issuer has completed or has otherwise been subject to a merger, amalgamation, arrangement, business combination, going private transaction, compulsory acquisition transaction, take-over bid, tender or exchange offer or similar transaction, in any case whereby the Listco Securities are no longer listed on the Exchange;

it becomes impossible and/or unlawful for the Borrower to fulfil any of its obligations under this Agreement, whether by reason of change of Applicable Law, circumstance or otherwise;

the Borrower engages in Onlending;

the Borrower ceases or threatens to cease to carry on all or a substantial part of its business or makes a sale of all or substantially all of its assets; or

this Agreement or any provision hereof shall for any reason cease to be valid and binding obligations of the Borrower, the Borrower takes any steps to interfere with the Pledged Securities (or any of them) or the Lender’s rights therein or the Borrower contests in any manner the effectiveness, validity, binding nature or enforceability of this Agreement or any provision hereof.

#### 6.2.
Rights and Remedies of the Lender

To the extent that the Borrower has not cured an Event of Default hereunder in the manner contemplated herein immediately following the expiration of the relevant cure period, if any, then: (i) this Agreement shall thereupon automatically, immediately and irrevocably terminate, without notice to the Borrow