Company: SCLXW
Filing Date: 2025-12-05
Form Type: 424B3
Source: 0001193125-25-309798
Chunk: 10

Company: Scilex Holding Co
Filing Date: 2025-12-05
Form: 424B3
Chunk 10
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 separate Articles and Sections, the provision of a Table of Contents and the insertion of headings is for convenience of reference only and shall not affect the construction or interpretation of this Agreement;

unless specified otherwise, a reference in this Agreement to an agreement or document at any time refers (subject to all relevant approvals) to that agreement or document, as amended, supplemented, restated, substituted, replaced, extended, novated and/or assigned at such time;

<div align='center'>-5-</div>

the words “herein”, “hereof”, “hereunder”, “hereinafter” and “hereto ” and words of similar import refer to this Agreement as a whole and not to any particular Article or Section hereof; and

the recitals herein are true and correct and the parties rely thereon.

<div align='center'>ARTICLE II

LOAN AND PLEDGED SECURITIES</div>

#### 2.1.
Loan Terms

Subject to the terms and conditions contained herein (and, in particular, Section 2.2(a) hereof), the Lender agrees to make a loan (the “Loan”) to the Borrower in the principal amount of up to Fifty Million Dollars ($50,000,000) (the “Loan Amount”).

The Loan may be advanced by the Lender in one or more tranches (each, a “Tranche”). The amount available under each Tranche and the timing thereof shall be determined by the Lender, in its sole discretion, and subject to market conditions, and shall not at any time exceed the Loan Amount. The advance of a Tranche shall be conditional on there not existing any Event of Default.

The Borrower shall cause to be opened a bank account with the Lender (the “Borrower Account”), together with a securities account with the Lender (the “Borrower Securities Account”) into which shall be held Listco Securities of the Borrower for the purposes of the transactions contemplated by this Agreement, subject to the terms of the Custodian Management Agreement.

The maturity date of the Loan (the “Maturity Date”) shall be the four (4) year anniversary from the initial Closing Date, or such earlier date as the Obligations may become due and payable in accordance with the terms and conditions hereof. For the avoidance of doubt, the maturity date of all Tranches shall be the Maturity Date, irrespective of the date of advance thereof.

Subject to compliance with Section 3.2, the Borrower shall not have the