Document:

Registration Rights Agreement

 Exhibit 10.27 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”), dated as of March 25, 2008, is by and between CORCEPT THERAPEUTICS INCORPORATED (the “Company”) and KINGSBRIDGE CAPITAL LIMITED (the “Investor”). 
 WHEREAS, the Company and the Investor have entered into that certain Common Stock Purchase Agreement, dated as of the date hereof (the “Purchase
Agreement”), pursuant to which the Company may issue, from time to time, to the Investor up to $60 million worth of shares of Common Stock as provided for therein; 
 WHEREAS, pursuant to the terms of, and in partial consideration for the Investor entering into, the Purchase Agreement, the Company has issued to the
Investor a warrant, exercisable from time to time, in accordance with its terms, within five (5) years following the six-month anniversary of the date of issuance (the “Warrant”) for the purchase of an aggregate of up to
330,000 shares of Common Stock at a price specified in such Warrant; 
 WHEREAS, pursuant to the terms of, and in partial consideration for,
the Investor’s agreement to enter into the Purchase Agreement, the Company has agreed to provide the Investor with certain registration rights with respect to the Registrable Securities (as defined in the Purchase Agreement) as set forth
herein; 
 NOW, THEREFORE, in consideration of the premises, the representations, warranties, covenants and agreements contained herein, in
the Warrant, and in the Purchase Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, intending to be legally bound hereby, the parties hereto agree as follows (capitalized terms used
herein and not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement): 
 ARTICLE I 

REGISTRATION RIGHTS 
 Section 1.1
Registration Statement. 
 (a) Filing of the Registration Statement. Upon the terms and subject to the conditions set forth in
this Agreement, the Company shall file with the Commission within sixty (60) calendar days after the Closing Date a registration statement on Form S-1 under the Securities Act or such other form as deemed appropriate by counsel to the Company
for the registration for the resale by the Investor of the Registrable Securities (the “Registration Statement”). 
 (b)
Effectiveness of the Registration Statement. The Company shall use commercially reasonable efforts (i) to have the Registration Statement declared effective by the Commission as soon as reasonably practicable, but in any event no later
than one hundred eighty (180) calendar days after the Closing Date and (ii) to ensure that the Registration Statement remains in effect throughout the term of this Agreement as set forth in Section 4.2, subject to the terms and
conditions of this Agreement. 

 (c) Regulatory Disapproval. The contemplated effective date for the Registration Statement as
described in Section 1.1(b) shall be extended without default or liquidated damages hereunder or under the Purchase Agreement in the event that the Company’s failure to obtain the effectiveness of the Registration Statement on a timely
basis results from (i) the Commission’s disapproval of the structure of the transactions contemplated by the Purchase Agreement, or (ii) events or circumstances that are not in any way attributable to the Company. In the event of
clause (i) above, the parties agree to cooperate with one another in good faith to arrive at a resolution acceptable to the Commission. 
 (d) Failure to Maintain Effectiveness of Registration Statement. In the event the Company fails to maintain the effectiveness of the Registration Statement (or the Prospectus) throughout the period set forth in Section 4.2,
other than temporary suspensions during Blackout Periods as set forth in Section 1.1(e) and the Investor holds any Registrable Securities at any time during the period of such ineffectiveness (an “Ineffective Period”), and
provided that such failure to maintain effectiveness was within the reasonable control of the Company (for the avoidance of doubt, the suspension of effectiveness of the Registration Statement as the result of filing a post-effective amendment to
the Registration Statement when required pursuant to Section 10(a)(3) under the Securities Act or Item 512(a)(1) of Regulation S-K shall be deemed not to be within the reasonable control of the Company), the Company shall pay on demand to
the Investor in immediately available funds into an account designated by the Investor an amount equal to the product of (i) the total number of Registrable Securities issued to the Investor under the Purchase Agreement (which, for the
avoidance of doubt, shall not include any Warrant Shares) and owned by the Investor at any time during such Ineffective Period (and not otherwise sold, hypothecated or transferred) and (ii) the result, if greater than zero, obtained by
subtracting the VWAP on the Trading Day immediately following the last day of such Ineffective Period from the VWAP on the Trading Day immediately preceding the day on which any such Ineffective Period began; provided, however, that (A) the
foregoing payments shall not apply in respect of Registrable Securities (I) that are otherwise freely tradable by the Investor, including pursuant to Rule 144 under the Securities Act (as such Rule may be amended from time to time,
“Rule 144”) or (II) if the Company offers to repurchase from the Investor such Registrable Securities for a per share purchase price equal to the VWAP on the Trading Day immediately preceding the day on which any such Ineffective
Period began and (B) unless otherwise required by any applicable federal and state securities laws, the Company shall be under no obligation to supplement the Prospectus to reflect the issuance of any Shares pursuant to a Draw Down at any time
prior to the day following the Settlement Date with respect to such Shares and that the failure to supplement the Prospectus prior to such time shall not be deemed a failure to maintain the effectiveness of the Registration Statement (or Prospectus)
for purposes of this Agreement (including this Section 1.1(d)). 
 (e) Deferral or Suspension During a Blackout Period.
Notwithstanding the provisions of Section 1.1(d), if in the good faith judgment of the Company, following consultation with legal counsel, it would be detrimental to the Company or its stockholders for the Registration Statement to be filed or
for resales of Registrable Securities to be made pursuant to the Registration Statement due to (i) the existence of a material development or potential material development involving the Company that the Company would be obligated to disclose
in the Registration Statement and which the Company has not disclosed, or which disclosure would be premature or otherwise inadvisable at such time or would have a Material Adverse Effect on the Company or its stockholders, or (ii) a filing of
a Company-initiated registration of any class of its equity securities, 

  

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which, in the good faith judgment of the Company, would adversely effect or require premature disclosure of the filing of such Company-initiated registration
(notice thereof, a “Blackout Notice”), the Company shall have the right to (A) immediately defer such filing for a period of not more than sixty (60) days beyond the date by which such Registration Statement was otherwise
required hereunder to be filed or (B) suspend use of such Registration Statement for a period of not more than thirty (30) days (any such deferral or suspension period, a “Blackout Period”). The Company may not utilize any
of its rights under this Section 1.1(e) to defer the filing of a Registration Statement (or suspend its effectiveness) more than six (6) times in any twelve (12) month period. In the event that, within fifteen (15) Trading Days
following any Settlement Date, the Company gives a Blackout Notice to the Investor and the VWAP on the Trading Day immediately preceding such Blackout Period (“Old VWAP”) is greater than the VWAP on the first Trading Day following
such Blackout Period that the Investor may sell its Registrable Securities pursuant to an effective Registration Statement (“New VWAP”), then the Company shall pay to the Investor, by wire transfer of immediately available funds to
an account designated by the Investor, the Blackout Amount. For the purposes of this Agreement, “Blackout Amount” means the product of (i) the number of Registrable Securities purchased by the Investor pursuant to the most
recent Draw Down and actually held by the Investor immediately prior to the Blackout Period and (ii) the result, if greater than zero, obtained by subtracting the New VWAP from the Old VWAP; provided, however, that no Blackout
Amount shall be payable in respect of Registrable Securities (A) that are otherwise freely tradable to United States Persons by the Investor, including under Rule 144, during the Blackout Period, or (B) if the Company offers to repurchase
from the Investor such Registrable Securities for a per share purchase price equal to the VWAP on the Trading Day immediately preceding the day on which any such Blackout Period began. For any Blackout Period in respect of which a Blackout Amount
becomes due and payable, rather than paying the Blackout Amount, the Company may at is sole discretion, issue to the Investor shares of Common Stock with an aggregate market value determined as of the first Trading Day following such Blackout Period
equal to the Blackout Amount (“Blackout Shares”). 
 (f) Liquidated Damages. The Company and the Investor hereto
acknowledge and agree that the amounts payable under Sections 1.1(d) and 1.1(e) and the Blackout Shares deliverable under Section 1.1(e) above shall constitute liquidated damages and not penalties. The parties further acknowledge that
(i) the amount of loss or damages likely to be incurred by the Investor is incapable or is difficult to precisely estimate, (ii) the amounts specified in such subsections bear a reasonable proportion and are not plainly or grossly
disproportionate to the probable loss likely to be incurred in connection with any failure by the Company to obtain or maintain the effectiveness of the Registration Statement, (iii) one of the reasons for the Company and the Investor reaching
an agreement as to such amounts was the uncertainty and cost of litigation regarding the question of actual damages, and (iv) the Company and the Investor are sophisticated business parties and have been represented by sophisticated and able
legal and financial counsel and negotiated this Agreement at arm’s length. The Investor further agrees that, if the Company makes the payments provided in Sections 1.1(d) and 1.1(e), the Company’s deferral or suspension of the Registration
Statement shall not constitute a material breach or default of any obligation of the Company to the Investor. 
 (g) Additional
Registration Statements. In the event and to the extent that the Registration Statement fails to register a sufficient amount of Common Stock necessary for the Company to issue and sell to the Investor and the Investor to purchase from the
Company all of the 

  

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Registrable Securities to be issued, sold and purchased under the Purchase Agreement and the Warrant, the Company shall, upon a timetable mutually agreeable
to both the Company and the Investor, prepare and file with the Commission an additional registration statement or statements in order to effectuate the purpose of this Agreement, the Purchase Agreement, and the Warrant. 
 (h) Discontinued Disposition. The Investor acknowledges that it would be seriously detrimental to the Investor, the Company and the Company’s
stockholders for a Registration Statement to be filed (or remain in effect) during the occurrence of any event described in clauses (i) and (ii) of the first sentence of Section 1.1(e) and that it is therefore essential to defer such
filing (or suspend the use thereof) during such events. The Investor agrees that, after written notice from the Company, it will cease any disposition of the Registrable Securities during the occurrence of such events and until notified by the
Company in writing that the Investor may resume disposition of the Registrable Securities pursuant to the Registration Statement. 
 ARTICLE II REGISTRATION PROCEDURES 
 Section 2.1 Filings; Information. The Company shall effect the registration with
respect to the sale of the Registrable Securities by the Investor in accordance with the intended methods of disposition thereof. Without limiting the foregoing, the Company in each such case will do the following as expeditiously as possible, but
in no event later than the deadline, if any, prescribed therefor in this Agreement: 
 (a) Subject to Section 1.1(e), the Company shall
(i) prepare and file with the Commission the Registration Statement; (ii) use commercially reasonable efforts to cause such filed Registration Statement to become and to remain effective (pursuant to Rule 415 under the Securities Act
or otherwise); (iii) prepare and file with the Commission such amendments and supplements to the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for the
time period prescribed by Section 4.2 and in order to effectuate the purpose of this Agreement, the Purchase Agreement, and the Warrant; and (iv) comply with the provisions of the Securities Act with respect to the disposition of all
securities covered by such Registration Statement during such period in accordance with the intended methods of disposition by the Investor set forth in such Registration Statement; provided, however, that the Investor shall be responsible for the
delivery of the Prospectus to the Persons to whom the Investor sells the Shares and the Warrant Shares, and the Investor agrees to dispose of Registrable Securities in compliance with the plan of distribution described in the Registration Statement
and otherwise in compliance with applicable federal and state securities laws. 
 (b) The Company shall deliver to the Investor and its
counsel, in accordance with the notice provisions of Section 4.8, such number of copies of the Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto), the Prospectus (including each
preliminary prospectus) and such other documents or information as the Investor or counsel may reasonably request in order to facilitate the disposition of the Registrable Securities, provided, however, that to the extent reasonably practicable,
such delivery may be accomplished via electronic means. 
  

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 (c) After the filing of the Registration Statement, the Company shall promptly notify the Investor of any
stop order issued or threatened by the Commission in connection therewith and take commercially reasonable actions required to prevent the entry of such stop order or to remove it if entered. 
 (d) The Company shall use commercially reasonable efforts to (i) register or qualify the Registrable Securities under such other securities or blue
sky laws of each jurisdiction in the United States as the Investor may reasonably (in light of its intended plan of distribution) request, and (ii) cause the Registrable Securities to be registered with or approved by such other governmental
agencies or authorities in the United States as may be necessary by virtue of the business and operations of the Company and do any and all other customary acts and things that may be reasonably necessary or advisable to enable the Investor to
consummate the disposition of the Registrable Securities; provided, however, that the Company will not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this
Section 2.1(d), subject itself to taxation in any such jurisdiction, consent or subject itself to general service of process in any such jurisdiction, change any existing business practices, benefit plans or outstanding securities or amend or
otherwise modify the Certificate or Bylaws. 
 (e) The Company shall make available to the Investor (and will deliver to Investor’s
counsel), (i) subject to restrictions imposed by the United States federal government or any agency or instrumentality thereof, copies of all public correspondence between the Commission and the Company concerning the Registration Statement and
will also make available for inspection by the Investor and any attorney, accountant or other professional retained by the Investor (collectively, the “Inspectors”), (ii) upon reasonable advance notice during normal business
hours all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and
cause the Company’s officers and employees to supply all information reasonably requested by any Inspectors in connection with the Registration Statement; provided, however, that (i) the Company shall not be obligated to disclose any
portion of the Records consisting of either (A) material non-public information or (B) confidential information of a third party and (ii) any such Inspectors must agree in writing for the benefit of the Company not to use or disclose
any such Records except as provided in this Section 2.1(e). Records that the Company determines, in good faith, to be confidential and that it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless the
disclosure or release of such Records is requested or required pursuant to oral questions, interrogatories, requests for information or documents or a subpoena or other order from a court of competent jurisdiction or other judicial or governmental
process; provided, however, that prior to any disclosure or release pursuant to the immediately preceding clause, the Inspectors shall provide the Company with prompt notice of any such request or requirement so that the Company may seek an
appropriate protective order or waive such Inspectors’ obligation not to disclose such Records; and, provided, further, that if failing the entry of a protective order or the waiver by the Company permitting the disclosure or release of such
Records, the Inspectors, upon advice of counsel, are compelled to disclose such Records, the Inspectors may disclose that portion of the Records that counsel has advised the Inspectors that the Inspectors are compelled to disclose; provided,
however, that upon any such required disclosure, such Inspector shall use his or her best efforts to obtain reasonable assurances that confidential treatment will be afforded such information. The Investor agrees that information obtained by it
solely as a result of such inspections (not including any information obtained from a third party who, 

  

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insofar as is known to the Investor after reasonable inquiry, is not prohibited from providing such information by a contractual, legal or fiduciary
obligation to the Company) shall be deemed confidential and shall not be used for any purposes other than as indicated above or by it as the basis for any market transactions in the securities of the Company or its affiliates unless and until such
information is made generally available to the public. The Investor further agrees that it will, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company, at its
expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential. 
 (f) The Company shall otherwise comply
in all material respects with all applicable rules and regulations of the Commission, including, without limitation, compliance with applicable reporting requirements under the Exchange Act. 
 (g) The Company shall appoint a transfer agent and registrar for all of the Registrable Securities covered by such Registration Statement not later than
the effective date of such Registration Statement. 
 (h) The Investor shall cooperate with the Company, as reasonably requested by the
Company, in connection with the preparation and filing of any Registration Statement hereunder. The Company may require the Investor to promptly furnish in writing to the Company such information as may be required in connection with such
registration including, without limitation, all such information as may be requested by the Commission, the NASDAQ Stock Market or FINRA or any state securities commission and all such information regarding the Investor, the Registrable Securities
held by the Investor and the intended method of disposition of the Registrable Securities. The Investor agrees to provide such information requested in connection with such registration within five (5) business days after receiving such written
request and the Company shall not be responsible for any delays in obtaining or maintaining the effectiveness of the Registration Statement caused by the Investor’s failure to timely provide such information. 
 (i) Upon receipt of a Blackout Notice from the Company, the Investor shall immediately discontinue disposition of Registrable Securities pursuant to the
Registration Statement covering such Registrable Securities until (i) the Company advises the Investor that the Blackout Period has terminated and (ii) the Investor receives copies of a supplemented or amended prospectus, if necessary. If
so directed by the Company, the Investor will deliver to the Company (at the expense of the Company) or destroy (and deliver to the Company a certificate of destruction) all copies in the Investor’s possession (other than a limited number of
file copies) of the prospectus covering such Registrable Securities that is current at the time of receipt of such notice. 
 Section 2.2
Registration Expenses. Except as set forth in Section 10.1 of the Purchase Agreement, the Company shall pay all registration expenses incurred in connection with the Registration Statement (the “Registration Expenses”),
including, without limitation: (a) all registration, filing, securities exchange listing and fees required by the NASDAQ Stock Market, (b) all registration, filing, qualification and other fees and expenses of compliance with securities or
blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), (c) all word processing, duplicating, printing, messenger and delivery expenses, (d) the
Company’s internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (e) the 

  

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fees and expenses incurred by the Company in connection with the listing of the Registrable Securities, (f) reasonable fees and disbursements of counsel
for the Company and customary fees and expenses for independent certified public accountants retained by the Company (including the expenses of any special audits or comfort letters or costs associated with the delivery by independent certified
public accountants of such special audit(s) or comfort letter(s), (g) the fees and expenses of any special experts retained by the Company in connection with such registration and amendments and supplements to the Registration Statement and
Prospectus, and (h) premiums and other costs of the Company for policies of insurance against liabilities arising out of any public offering of the Registrable Securities being registered. Any fees and disbursements of underwriters,
broker-dealers or investment bankers, including without limitation underwriting fees, discounts, transfer taxes or commissions, and any other fees or expenses (including legal fees and expenses) if any, attributable to the sale of Registrable
Securities, shall be payable by each holder of Registrable Securities pro rata on the basis of the number of Registrable Securities of each such holder that are included in a registration under this Agreement. 
 ARTICLE III 
 INDEMNIFICATION 

 Section 3.1 Indemnification. The Company agrees to indemnify and hold harmless the Investor, its partners, affiliates, officers,
directors, employees and duly authorized agents, and each Person or entity, if any, who controls the Investor within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, together with the partners, affiliates,
officers, directors, employees and duly authorized agents of such controlling Person or entity (collectively, the “Controlling Persons”), from and against any loss, claim, damage, liability, costs and expenses (including, without
limitation, reasonable attorneys’ fees and disbursements and costs and expenses of investigating and defending any such claim) (collectively, “Damages”), joint or several, and any action or proceeding in respect thereof to
which the Investor, its partners, affiliates, officers, directors, employees and duly authorized agents, and any Controlling Person, may become subject under the Securities Act or otherwise, as incurred, insofar as such Damages (or actions or
proceedings in respect thereof) arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement, or in any preliminary prospectus, final prospectus, summary prospectus,
amendment or supplement relating to the Registrable Securities or arises out of, or are based upon, any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein under the
circumstances not misleading, and shall reimburse the Investor, its partners, affiliates, officers, directors, employees and duly authorized agents, and each such Controlling Person, for any legal and other expenses reasonably incurred by the
Investor, its partners, affiliates, officers, directors, employees and duly authorized agents, or any such Controlling Person, as incurred, in investigating or defending or preparing to defend against any such Damages or actions or proceedings;
provided, however, that the Company shall not be liable to the extent that any such Damages arise out of the Investor’s (or any other indemnified Person’s) failure to send or give a copy of the final prospectus or supplement (as then
amended or supplemented) to the persons asserting an untrue statement or alleged untrue statement or omission or alleged omission at or prior to the written confirmation of the sale of Registrable Securities to such person if such statement or
omission was corrected in such final prospectus or supplement; provided, further, that the Company shall not be liable to the extent that any such Damages arise out of or are based upon an untrue statement or alleged untrue 

  

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statement or omission or alleged omission made in such Registration Statement, or any such preliminary prospectus, final prospectus, summary prospectus,
amendment or supplement in reliance upon and in conformity with written information furnished to the Company by or on behalf of the Investor or any other person who participates as an underwriter in the offering or sale of such securities, in either
case, specifically stating that it is for use in the preparation thereof. In connection with any Registration Statement with respect to which the Investor is participating, the Investor will indemnify and hold harmless, to the same extent and in the
same manner as set forth in the preceding paragraph, the Company, each of its partners, affiliates, officers, directors, employees and duly authorized agents of such controlling Person (each a “Company Indemnified Person”) against
any Damages to which any Company Indemnified Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Damages arise out of or are based upon (a) any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement, or in any preliminary prospectus, final prospectus, summary prospectus, amendment or supplement relating to the Registrable Securities or arise out of, or are based upon, any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein under the circumstances not misleading to the extent that such violation occurs in reliance upon and in conformity with written
information furnished to the Company by the Investor or on behalf of the Investor expressly for use in connection with such Registration Statement or (b) any failure by the Investor to comply with prospectus delivery requirements of the
Securities Act, the Exchange Act or any other law or legal requirement applicable to sales under the Registration Statement; 
 Section 3.2
Conduct of Indemnification Proceedings. All claims for indemnification under Section 3.1 shall be asserted and resolved in accordance with the provisions of Section 9.2 of the Purchase Agreement. 
 Section 3.3 Additional Indemnification. Indemnification similar to that specified in the preceding paragraphs of this Article III (with
appropriate modifications) shall be given by the Company with respect to any required registration or other qualification of securities under any federal or state law or regulation of any governmental authority other than the Securities Act. The
provisions of this Article III shall be in addition to any other rights to indemnification, contribution or other remedies which an Indemnified Party or a Company Indemnified Person may have pursuant to law, equity, contract or otherwise.

 To the extent that any indemnification provided for herein is prohibited or limited by law, the indemnifying party will make the maximum contribution with
respect to any amounts for which it would otherwise be liable under this Article III to the fullest extent permitted by law. However, (a) no contribution will be made under circumstances where maker of such contribution would not have been
required to indemnify the indemnified party under the fault standards set forth in this Article III, (b) if the Investor is guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) the Investor
will not be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation, and (c) contribution (together with any indemnification obligations under this Agreement) by the Investor will be limited in amount to
the proceeds received by the Investor from sales of Registrable Securities. 
  

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 ARTICLE IV 
 MISCELLANEOUS 
 Section 4.1 No Outstanding Registration Rights. Except as otherwise disclosed
in accordance with the Purchase Agreement or in the Commission Documents, the Company represents and warrants to the Investor that there is not in effect on the date hereof any agreement by the Company pursuant to which any holders of securities of
the Company have a right to cause the Company to register or qualify such securities under the Securities Act or any securities or blue sky laws of any jurisdiction. 
 Section 4.2 Term. The registration rights provided to the holders of Registrable Securities hereunder, and the Company’s obligation to keep the Registration Statement effective, shall terminate at the
earlier of (a) such time that is two years following the termination of the Purchase Agreement, (b) such time as all Registrable Securities have been issued and have ceased to be Registrable Securities, or (c) upon the consummation of
an “Excluded Merger or Sale” as defined in the Warrant. Notwithstanding the foregoing, Section 1.1(d), Article III, Section 4.7, Section 4.8, Section 4.9, Section 4.10 and Section 4.13 shall survive the
termination of this Agreement. 
 Section 4.3 Rule 144. The Company will, at its expense, promptly take such action as holders of
Registrable Securities may reasonably request to enable such holders of Registrable Securities to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (a) Rule 144
under the Securities Act (“Rule 144”), as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the Commission. If at any time the Company is not required to file such
reports, it will, at its expense, forthwith upon the written request of any holder of Registrable Securities, make available adequate current public information with respect to the Company within the meaning of Rule 144(c)(2) or such other
information as necessary to permit sales pursuant to Rule 144. Upon the request of the Investor, the Company will deliver to the Investor a written statement, signed by the Company’s principal financial officer, as to whether it has
complied with such requirements. 
 Section 4.4 Certificate. The Company will, at its expense, forthwith upon the request of any
holder of Registrable Securities, deliver to such holder a certificate, signed by the Company’s principal financial officer, stating (a) the Company’s name, address and telephone number (including area code), (b) the
Company’s Internal Revenue Service identification number, (c) the Company’s Commission file number, (d) the number of shares of each class of Stock outstanding as shown by the most recent report or statement published by the
Company, and (e) whether the Company has filed the reports required to be filed under the Exchange Act for a period of at least ninety (90) days prior to the date of such certificate and in addition has filed the most recent annual report
required to be filed thereunder. 
 Section 4.5 Amendment And Modification. Any provision of this Agreement may be waived, provided
that such waiver is set forth in a writing executed by both parties to this Agreement. The provisions of this Agreement, including the provisions of this sentence, may be amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may be given, with the written consent of the Investor and the Company. No course of dealing between or among any Person having any interest in this Agreement will be deemed 

  

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effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any person under or by reason of this Agreement.

 Section 4.6 Successors and Assigns; Entire Agreement. This Agreement and all of the provisions hereof shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and permitted assigns. The Company may assign this Agreement at any time in connection with a sale or acquisition of the Company, whether by merger, consolidation, sale of
all or substantially all of the Company’s assets, or similar transaction, without the consent of the Investor, provided that the successor or acquiring Person or entity agrees in writing to assume all of the Company’s rights and
obligations under this Agreement. Investor may assign its rights and obligations under this Agreement only with the prior written consent of the Company, and any purported assignment by the Investor absent the Company’s consent shall be null
and void. This Agreement, together with the Purchase Agreement and the Warrant sets forth the entire agreement and understanding between the parties as to the subject matter hereof and merges and supersedes all prior discussions, agreements and
understandings of any and every nature among them. 
 Section 4.7 Severability. If any provision of this Agreement becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that, if the severance of such provision materially changes the economic
benefits of this Agreement to either party as such benefits are anticipated as of the date hereof, then such party may terminate this Agreement on five (5) business days prior written notice to the other party. In such event, the Purchase
Agreement will terminate simultaneously with the termination of this Agreement. 
 Section 4.8 Notices. All notices, demands,
requests, consents, approvals, and other communications required or permitted hereunder shall be given in accordance with Section 10.4 of the Purchase Agreement. 
 Section 4.9 Governing Law; Dispute Resolution. This Agreement shall be construed under the laws of the State of New York. 
 Section 4.10 Headings. The headings in this Agreement are for convenience of reference only and shall not constitute a part of this Agreement, nor shall they affect their meaning, construction or effect.

 Section 4.11 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original
instrument and all of which together shall constitute one and the same instrument. 
 Section 4.12 Further Assurances. Each party
shall cooperate and take such action as may be reasonably requested by another party in order to carry out the provisions and purposes of this Agreement and the transactions contemplated hereby. 
 Section 4.13 Absence of Presumption. This Agreement shall be construed without regard to any presumption or rule requiring construction or
interpretation against the party drafting or causing any instrument to be drafted. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by the undersigned,
thereunto duly authorized, as of the date first set forth above. 
  

			
	KINGSBRIDGE CAPITAL LIMITED
		
	By:	 	/s/ Adam Gurney
		 	 Adam Gurney
 Managing Director

	
	CORCEPT THERAPEUTICS INCORPORATED
		
	By:	 	/s/ Joseph K. Belanoff, M.D.
		 	 Name: Joseph K. Belanoff, M.D.
 Title: Chief Executive
Officer

  

 -11-Amendment and Waiver Agreement

 Exhibit 10(aj) 
 AMENDMENT AND WAIVER AGREEMENT 
 This Amendment and Waiver Agreement (this
“Agreement”) is made and entered into as of March 26, 2008, by and among Pinnacle Data Systems, Inc., an Ohio corporation (the “Company”), and each purchaser signatory hereto (each a
“Purchaser” and collectively, the “Purchasers”), and amends (a) the Securities Purchase Agreement among the Company and the Purchasers dated December 20, 2007, and (b) the Registration Rights
Agreement among the Company and the Purchasers dated December 20, 2007, as amended by a First Amendment to Registration Rights Agreement dated January 29, 2008 (collectively, the “Original Agreements”), as set forth below.
Capitalized terms used and not otherwise defined herein shall have the meanings given such terms in the Original Agreements. 
 BACKGROUND
INFORMATION 
 A. The Original Agreements provide, among other things, that the Company will file a registration
statement with the Commission registering the Securities held by each Purchaser no later than April 1, 2008 and that the Company will use its commercially reasonable efforts to maintain the effectiveness of such registration statement until the
earlier of such time as the Purchasers have sold all of the Securities held by them or the Purchasers are able to sell all of the Securities held by them without volume restrictions pursuant to Rule 144. 
 B. In light of recent amendments to Rule 144 adopted by the Commission, and for other reasons, the Purchasers and the Company desire to
amend the Original Agreements to (i) waive the requirement that the Company register the Securities for resale on behalf of the Purchasers, (ii) deem deleted from the Securities Purchase Agreement all references to such registration
obligation, the Registration Rights Agreement and any related matters, and (iii) consistent with the waiver of the registration obligation, terminate the Registration Rights Agreement in its entirety. 
 PROVISIONS 
 NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Purchasers agree as follows: 

1. Amendment of Securities Purchase Agreement. The Securities Purchase Agreement is hereby deemed amended such that (a) the
Company’s obligation and agreement to register the Securities and all references thereto, (b) the Purchasers’ registration rights and all references thereto, (c) all references to the Registration Rights Agreement and any
obligation to execute, deliver and perform such agreement, and (d) any representations and warranties relating to such registration or to the Registration Rights Agreement are deleted in their entirety. Consistent with the foregoing, each
Purchaser hereby waives its registration rights relating to the Securities under the Securities Purchase Agreement, the Registration Rights Agreement or otherwise. 
 2. Termination of Registration Rights Agreement. The Company and the Purchasers hereby agree that the Registration Rights Agreement, and all rights and obligations contained in such agreement,
are hereby terminated and shall be of no further force and effect. 
 3. Entire Agreement. The terms and conditions of
this Agreement shall be incorporated by reference in the Securities Purchase Agreement as though set forth in full therein. In the event of any inconsistency between the provisions of this Agreement and any other provision of the Securities Purchase
Agreement, the terms and provisions of this Agreement shall govern and control. Except to the extent specifically amended or superseded by the terms of this Agreement , all of the provisions of the Securities Purchase Agreement shall remain in full
force and effect to the extent in effect on the date hereof. The Securities Purchase Agreement, as 

 
modified by this Agreement, constitutes the complete agreement among the parties and supersedes any prior written or oral agreements, writings,
communications or understandings of the parties with respect to the subject matter hereof. 
 4. Miscellaneous. The
provisions of Article 6 of the Securities Purchase Agreement are applicable to this Agreement and are incorporated by reference in this Agreement as if fully re-written herein. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. 
  

									
	 COMPANY:
	 		 	 INVESTORS:

			
	 Pinnacle Data Systems, Inc.,
an Ohio corporation
	 		 	 Lake Street Fund, LP,
a Delaware limited partnership

					
	 By:
	 	 /s/ Michael R. Sayre
	 		 	 By:
	 	 /s/ Scott W. Hood

		 	 Michael R. Sayre, President and CEO
	 		 	 Title:
	 	 Managing Director

				
		 		 		 	 Berlin Financial, Ltd.,
an Ohio limited liability company

					
		 		 		 	 By:
	 	 /s/ Thomas G. Berlin

		 		 		 		 	 Thomas G. Berlin, Managing Member

				
		 		 		 	 MidSouth Investor Fund, L.P.,
a Tennessee limited partnership

					
		 		 		 	 By:
	 	 /s/ Lyman O. Heidtke

		 		 		 		 	 Lyman O. Heidtke

		 		 		 	 Title:
	 	 General Partner

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