Company: SCLXW
Filing Date: 2025-08-04
Form Type: S-1
Source: 0001193125-25-172703
Chunk: 37

Company: Scilex Holding Co
Filing Date: 2025-08-04
Form: S-1
Chunk 37
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) 90 days following July 22, 2025 (i.e., the date of the Tumim Purchase Agreement), we have agreed not to effect or enter into an agreement to effect any issuance by us of Common Stock or Common Stock Equivalents (as such terms are defined in the Tumim Purchase Agreement) (or a combination of units thereof) involving a Variable Rate Transaction (as such term is defined in the Tumim Purchase Agreement), subject to certain exceptions set forth therein. Termination of the Tumim Purchase Agreement Unless earlier terminated as provided in the Tumim Purchase Agreement, the Tumim Purchase Agreement will terminate automatically on the earliest to occur of:

| • |     | the first day of the calendar month immediately following the 24-month anniversary of the date on which the initial registration statement or any subsequent registration statement is declared effective by the SEC; |

| • |     | the date on which Tumim shall have purchased shares of Common Stock under the Tumim Purchase Agreement for an aggregate gross purchase price equal to its Total Commitment under the Tumim Purchase Agreement; |

| • |     | the date on which the Common Stock shall have failed to be listed or quoted on Nasdaq or any other Eligible Market; |

| • |     | the 30th full trading day next following the date on which, pursuant to or within the meaning of any bankruptcy law, the Company commences a voluntary case or any person or entity, whether natural person, trustee, corporation, partnership, limited partnership, limited liability company, trust, unincorporated organization, business association, firm, joint venture, governmental agency or authority commences a proceeding against the Company, in each case that is not discharged or dismissed prior to such 30th trading day; and |

| • |     | the date on which we commence a voluntary bankruptcy case or any third party commences a bankruptcy proceeding against us, a custodian is appointed for us in a bankruptcy proceeding for all or substantially all of its property, or we make a general assignment for the benefit of its creditors. |

We have the right to terminate the Tumim Purchase Agreement at any time after the Commencement Date, at no cost or penalty, upon prior five trading days written notice to Tumim. We and Tumim may also terminate the Tumim Purchase Agreement at any time by mutual written consent. Tumim also has the right to terminate the Tumim Purchase Agreement upon five trading days’ prior written notice