Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 673

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 673
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0.0001 per share, the terms of which are set forth in the certificate of designations of preferences and rights for such series of preferred stock (the “

#### Certificate of Designations
”) in the form attached hereto as

#### Exhibit A
(together with any convertible preferred shares issued in replacement thereof in accordance with the terms thereof, the “

#### Series A Preferred Stock
”), which Series A Preferred Stock shall be convertible into shares of Common Stock (such shares of Common Stock issuable pursuant to the terms of the Certificate of Designations, including, without limitation, upon conversion or otherwise, collectively, the “

#### Conversion Shares
”), in accordance with the terms of the Certificate of Designations.

E. Each Buyer, severally and not jointly, wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, the aggregate number of shares of Series A Preferred Stock (the “

#### Preferred Shares
”) set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers.

F. On the date hereof, (i) Ligand Pharmaceuticals Incorporated (“

#### Ligand
”) shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-1
attached hereto (the “

#### Ligand Lock-Up Agreement
”), duly executed and delivered by Ligand and the Company, (ii) Nomis Bay Ltd (“

#### Nomis Bay
”)shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-2
attached hereto (the “

#### Nomis Bay Lock-Up Agreement
”), (iii) BPY Limited (“

#### BPY
”) shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-2
attached hereto (the “

#### BPY Lock-Up Agreement
”), (iv) Boothbay Absolute Return Strategies, LP (“

#### Boothbay
”) shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-2
attached hereto (the “

#### Boothbay Lock-Up Agreement
” and together with the Ligand Lock-Up Agreement, the Nomis Bay Lock-Up Agreement, and the BPY Lock-Up Agreement, each a “

#### Lead Investor Lock-Up Agreement
”); and (v) a certain institutional investor shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-3
attached hereto