Company: SCLXW
Filing Date: 2025-12-17
Form Type: 424B3
Source: 0001193125-25-321966
Chunk: 12

Company: Scilex Holding Co
Filing Date: 2025-12-17
Form: 424B3
Chunk 12
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, whether by way of set-off, counterclaim or otherwise. If the Borrower must at any time deduct or withhold any tax on any sum payable to the Lender, the Borrower shall pay such additional amount as is necessary to ensure that the Lender receives a net sum equal to what the Lender would have received had no such deduction or withholding been required .

#### 2.2.
Pledged Securities; Tranches

As general and continuing security for the due, prompt and complete performance and satisfaction of the Obligations, with effect from the date hereof, the Borrower hereby mortgages, pledges, charges and grants to the Lender a security interest, as and by way of a fixed and specific mortgage, pledge, charge and security interest, to and in favour of the Lender, in such number of Listco Securities that become Pledged Securities hereunder. As a condition precedent to the advance of each Tranche hereunder, the Borrower agrees to procure Delivery to the Borrower Securities Account (or as the Lender may otherwise direct) of such number of Listco Securities as is set forth in any Funding Notification delivered to the Borrower as provided in Section 2.2(b) below (such Listco Securities so Delivered, together with all substitutions, additions and proceeds thereof, all dividends,

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interest, income, revenue, return of capital or other distributions made in respect thereof and all rights and claims of the Borrower in respect of the foregoing or evidenced thereby being, collectively, the "Pledged Securities").

The Lender may, at any time prior to the Maturity Date, in its sole discretion, notify the Borrower of its intention to fund a particular Tranche . Such notification (a "Funding Notification") shall be in writing and will include: (i) the principal amount of the proposed Tranche; (ii) the estimated number of Listco Securities required to be Delivered to the Borrower Securities Account (or as the Lender may otherwise direct) in connection with such Tranche as determined in accordance with Section 2.2(e); and (iii) the intended C l osing Date of such Tranche.

Fallowing delivery of a Funding Notification to the Borrower, to the extent that the relevant number of Listco Securities set forth in the Funding Notification is not deposited in the Borrower Securities Account (if applicable), the Borrower shall as soon as practicable (and, in the case of any Funding Notification delivered after