Document:

Exhibit 10.60

 

***Certain identified information has been
omitted from this exhibit because it is both (i) not material and (ii) information that the Registrant treats as private or
confidential. Such omitted information is indicated by brackets (“[...***...]”) in this exhibit. ***

 

FIRST AMENDMENT TO OFFICE LEASE

 

THIS
FIRST AMENDMENT TO OFFICE LEASE (this “Amendment”), dated as of September 15, 2019 (the “Effective
Date”), is entered into by and between 960 SAN ANTONIO LLC, a California limited liability company (“Landlord”),
and SCILEX PHARMACEUTICALS, INC., a Delaware corporation (“Tenant”). Capitalized terms used in this Amendment
without definition shall have the meaning ascribed to such terms in the Lease (as defined below).

 

RECITALS

 

A.            Landlord
and Tenant entered into that certain Office Lease dated August 8, 2019 (the “Lease”), pursuant to which Tenant
leases premises containing approximately 3,490 rentable square feet described as 960 San Antonio Road, Suite 100, Palo
Alto, California (the “Existing Premises”).

 

B.            Substantial
Completion of Landlord’s Work occurred on September 15, 2019, and accordingly, the Commencement Date is September 15,
2019 (“Commencement Date”), and the Expiration Date is November 30, 2024 (“Expiration Date”).

 

C.            Pursuant
to Section 2.2 of the Lease, Tenant is obligated to lease the Must Take Space (the “Expansion Premises”) commencing
on July 1, 2020.

 

D.            Tenant
desires to lease the Must Take Space early commencing on October 1, 2019 (the “Expansion Premises Commencement Date”).

 

E.             Landlord
and Tenant desire to amend the Lease to evidence their agreement on the terms and conditions pursuant to which Landlord will lease to
Tenant, and Tenant will lease from Landlord, the Expansion Premises and to add such space to the Existing Premises demised under the
Lease.

 

NOW,
THEREFORE, in consideration of the agreements set forth herein, and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties agree as follows:

 

AGREEMENT

 

		1.	RECITALS; ADDITION OF
                                            EXPANSION PREMISES

 

The recitals set forth above
are incorporated herein as though set forth in full. Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Expansion
Premises on all of the terms, covenants and conditions of the Lease, as amended by this Amendment, for the term commencing on the Expansion
Premises Commencement Date and expiring on the Expiration Date, unless sooner terminated pursuant to the terms of the Lease, In
the event Landlord cannot deliver possession of the Expansion Premises to Tenant by the Expansion Premises Commencement Date, for any
reason whatsoever, neither Landlord nor its agents shall be liable for any damage caused thereby, nor shall Landlord be deemed in default
under the Lease, nor shall the Lease, as amended hereby, thereby become void or voidable, nor shall the Term be in any way extended beyond
the Expiration Date, but the term of Tenant’s occupancy of the Expansion Premises shall not commence until the day that Landlord
offers possession of the Expansion Premises to Tenant. From and after the Effective Date, all references in the Lease (as amended hereby)
to the “Premises” shall be to the Existing Premises and to the Expansion Premises, except that possession of the Expansion
Premises shall be tendered on the Expansion Premises Commencement Date and Landlord shall have no obligation to provide any improvements,
work, abatement or concessions in connection with Expansion Premises.

 

    1

     

    

 

		2.	CONDITION OF EXPANSION
                                            PREMISES

 

Tenant hereby acknowledges
and agrees that the Expansion Premises shall be taken “as is” as of the Expansion Premises Commencement Date, “without
any representations or warranties”, and Tenant hereby agrees and warrants that it has investigated and inspected the condition
of the Expansion Premises and the suitability of same for Tenant’s purposes, and Tenant does hereby waive and disclaim any objection
to, cause of action based upon, or claim that its obligations hereunder should be reduced or limited because of the condition of the
Expansion Premises or the suitability of same for Tenant’s purposes. Tenant further agrees that no tenant improvements are to be
made by Landlord to the Expansion Premises, except as expressly set forth in this Section 2. Tenant acknowledges that neither Landlord
nor any agent nor any employee of Landlord has made any representation or warranty with respect to the Expansion Premises or with respect
to the suitability of either for the conduct of Tenant’s business and Tenant expressly warrants and represents that Tenant has
relied solely on its own investigation and inspection of the Expansion Premises and the Project in its decision to enter into this Amendment
and let the Expansion Premises in the above-described condition. The taking of possession of the Expansion Premises by Tenant shall conclusively
establish that the Expansion Premises and the Project were at such time in satisfactory and good condition.

 

		3.	AMENDMENT TO BASE RENT
                                            OBLIGATION

 

Section 1.2 of the Lease
is hereby deleted and replaced in its entirety with the following:

 

“September 15,
2019 – September 30, 2019              $[...***...]

October 1, 2019 – September 30, 2020                        $[...***...]/month*

October 1, 2020 – September 30, 2021                        $[...***...]/month

October 1, 2021 – September 30, 2022                        $[...***...]/month

October 1, 2022 – September 30, 2023                        $[...***...]/month

October 1, 2023 – September 30, 2024                        $[...***...]/month

October 1, 2024 – November 30, 2024                        $[...***...]/month

 

*Provided
that Tenant is not in default, Base Rent in the amount of $[...***...] per month applicable only to the initial
Premises for the months of October and November, 2019 shall be abated. In no event shall Base Rent for the Expansion Premises he
abated pursuant to this paragraph. Tenant acknowledges and agrees, however, that if this Lease shall terminate due to a default by Tenant
hereunder or if this Lease shall be rejected in the case of a bankruptcy, any Base Rent so abated shall be immediately due and payable
and any future abatement shall be null and void and of no further force and effect.”

 

Tenant shall pay Base Rent
due for September, 2019 upon Tenant’s execution of this Amendment.

 

		4.	TENANT’S SHARE

 

As of the Expansion Premises
Commencement Date, “Tenant’s Share” shall be 49%.

 

    2

     

    

 

		5.	PARKING

 

As of the Expansion Premises
Commencement Date, Tenant shall have the non-exclusive use of an additional 10 unreserved parking stalls at the Project. Tenant
shall not assign, transfer, or license any of the parking spaces.

 

		6.	INSURANCE

 

The insurance Tenant is required
to carry and maintain under the Lease with respect to Tenant’s occupancy of the Existing Premises shall also apply to the Expansion
Premises effective as of the date of Tenant’s first occupancy of the Expansion Premises pursuant to this Amendment. Tenant’s
right of entry to, and any use of, the Expansion Premises shall be conditioned upon Tenant delivering to Landlord a certificate of insurance,
in the form otherwise required by the Lease, evidencing the addition of the Expansion Premises to the “Premises” covered
by Tenant’s insurance coverages (as amended by this Amendment). Landlord shall not be required to tender possession of, or access
to, the Expansion Premises to Tenant until Tenant complies with its obligation to provide evidence of insurance as required pursuant
to Section 9 of the Lease. Pending delivery of such evidence, Tenant shall be required to perform all of its obligations under this
Lease with respect to the Expansion Premises from and after the Expansion Premises Commencement Date, including the payment of Rent for
the Expansion Premises, notwithstanding Landlord’s election to withhold possession pending receipt of such evidence of insurance.

 

		7.	REPRESENTATIONS AND WARRANTIES

 

Tenant hereby represents,
warrants, and agrees that; (a) the Lease continues to be a legal, valid, and binding agreement and obligation of Tenant; (b) Tenant
has no current offset or defense to its performance or obligations under the Lease; (c) Tenant is qualified to do business in the
State of California; (d) Tenant has full right and authority to enter into this Amendment; (e) all persons signing on behalf
of Tenant are authorized to do so by appropriate company actions; and (f) Tenant has not made any assignment, sublease, transfer
or other disposition of the Lease, or any interest therein or in the Premises and that, subject to the terms of the Lease, no party other
than Tenant has the right to occupy any portion of the Premises.

 

		8.	OTHER MODIFICATIONS

 

Section 2.2 of the Lease
is hereby deleted in its entirety.

 

		9.	BROKERS

 

Tenant represents and warrants
to Landlord that Tenant has not dealt with any broker, agent, finder, or other such person with respect to this Amendment, and Tenant
agrees to indemnify, defend and hold Landlord harmless from any claims, costs and expenses, including reasonable attorneys’ fees
and costs, asserted against Landlord by any broker, agent, finder, or other such person. Tenant’s obligations under this paragraph
shall survive any termination of the Lease.

 

		10.	COUNTERPARTS

 

This Amendment may be executed
in multiple counterparts, and by each party on separate counterparts, each of which shall be deemed to be an original but all of which
shall together constitute one agreement. Delivery by any party of an electronic or facsimile copy of such party’s original, wet-ink
signature shall be fully effective as if such original, wet-ink signature was delivered; provided, however, that any party delivering
an electronic or facsimile copy of such party’s original, wet-ink signature shall deliver such original, wet-ink signature to the
other party within a reasonable period of time.

 

    3

     

    

 

		11.	CONDITION PRECEDENT

 

The effectiveness of this
Amendment is conditioned on Landlord entering into a termination agreement with the current occupant of the Expansion Premises on terms
and conditions acceptable to Landlord in its sole discretion and the satisfaction of any contingencies in such termination agreement.
This condition is for Landlord’s sole benefit and may be waived only in writing by Landlord.

 

		12.	ENTIRE AGREEMENT AND
                                            INCORPORATION.

 

This Amendment contains the
entire agreement of Landlord and Tenant with respect to the subject matter hereof. It is agreed that there are no oral agreements between
Landlord and Tenant affecting the Lease, as hereby amended, and this Amendment supersedes and cancels any and all previous negotiations,
representations, agreements and understandings, if any, between Landlord and Tenant and their respective agents with respect to the subject
matter hereof, and none shall be used to interpret or construe the Lease as amended hereby. Except as modified by this Amendment, the
Lease remains unmodified and in full force and effect. If there is a conflict between the Lease and this Amendment, this Amendment shall
control. From and after the Effective Date, all references in the Lease to “this Lease” shall be to the Lease as amended
hereby. This Amendment shall become binding upon Landlord only when fully executed by all parties and when Landlord has delivered a fully
executed copy of this Amendment to Tenant. Under no circumstances shall Tenant be entitled to any rent abatement, improvement allowance,
leasehold improvements, or other work to the Expansion Premises, or any similar economic incentives that may have been provided Tenant
in connection with entering into the Lease, unless specifically set forth in this Amendment.

 

IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first set forth above.

 

	LANDLORD:	 	TENANT:
	 	 	 
	960 SAN ANTONIO LLC,	 	SCILEX PHARMACEUTICALS INC.
	a California limited liability company	 	a Delaware corporation
	 	 	 
	By: 	/s/ Greg Pickett	 	By: 	/s/ Jaisim Shah
	Name: 	Greg Pickett	 	Name: 	Jaisim Shah
	Title: 	Manager	 	Title: 	CEO
    and President

 

    4Exhibit 10.61

 

***Certain identified information has been omitted
from this exhibit because it is both (i) not material and (ii) information that the Registrant treats as private or confidential. Such
omitted information is indicated by brackets (“[...***...]”) in this exhibit. ***

 

SUBLEASE

 

		1.	PARTIES.

This Sublease, dated
May 18, 2022 (this “Sublease”) is made between Live Action, Inc., a Delaware corporation (“Live Action”)
and Scilex Holding Company, a Delaware corporation (“Sublessee”). Collectively, Live Action and Sublessee are referred
to as the “Parties”.

 

		2.	MASTER LEASE.

Live Action is the
lessee under a written lease dated December 29, 2020 (the “Master Lease”), wherein PA San Antonio Road, LLC, a California
limited liability company (“Lessor”), leased to Live Action the premises located at 960 San Antonio Road, Units 200
and 201, Palo Alto, California 94303 (“Master Premises”). Sublessee acknowledges that it has received and reviewed
a copy of the Master Lease. This Sublease is subject to the terms and conditions of the Master Lease.

 

		3.	PREMISES AND PROJECT.

Live Action hereby
subleases to Sublessee on the terms and conditions set forth in this Sublease the following portion of the Master Premises: Unit 201 (the
 “Premises”). The Master Premises, the building containing the Master Premises (the “Building”),
the Common Areas (as defined below), the land on which they are located along with all other buildings and improvements thereon are collectively
referred to as the “Project”.

 

		4.	CONDITION; NO IMPROVEMENTS.

Except as expressly
set forth in this Sublease, Sublessee acknowledges that the Premises shall be taken in “AS IS” condition, broom clean, with
HVAC installed and electric, water and sewer to the Premises and building code compliant restroom facilities installed or available to
the Premises. Sublessee agrees and warrants that it has investigated and inspected the condition of the Premises and the Project and the
suitability of same for Sublessee’s purposes, and Sublessee does hereby waive and disclaim any objection to, cause of action based
upon, or claim that its obligations hereunder should be reduced or limited because of the condition of the Premises or the Project or
suitability of the Premises or Project for Sublessee’s purposes. Sublessee further agrees that no improvements are to be made to
the Premises except as expressly set forth in the Master Lease. The taking of possession of the Premises by the Sublessee shall conclusively
establish that the Premises and the Project at such time in satisfactory and good condition.

 

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		5.	TERM. 

The term
(“Term”) of this Sublease shall commence when possession of the Premises has been given to Sublessee by Live
Action after Lessor has consented to this Sublease (the “Commencement Date”), which is estimated to occur on
approximately June 1, 2022, such date to be adjusted based on the actual date of commencement. The Term shall expire coterminous
with the Master Lease on July 31, 2024. If Sublessee takes possession of the Premises on June 1, 2022, then the Term of this Lease
will be for twenty-six (26) months. If for any reason Live Action does not deliver possession to Sublessee on the Commencement Date,
the validity of this Sublease will not be impaired. Notwithstanding the foregoing, if Live Action has not delivered possession to
Sublessee within ninety (90) days after the Commencement Date, then at any time thereafter and before delivery of possession of the
Premises to Sublessee, Sublessee may give written notice to Live Action of Sublessee’s intention to cancel this Sublease. Said
notice shall set forth an effective date for such cancellation which shall be at least ten (10) days after delivery of said notice
to Live Action. If Live Action delivers possession to Sublessee on or before such effective date, this Sublease shall remain in full
force and effect. If Live Action fails to deliver Possession to Sublessee on or before such effective date, this Sublease shall be
cancelable by Sublessee, in which case (i) all consideration previously paid by Sublessee to Live Action on account of this
Sublease shall be returned to Sublessee, (ii) this Sublease shall thereafter be of no further force or effect, and
(iii) Live Action shall have no further liability to Sublessee on account of such delay or cancellation.

 

		6.	RENT. 

Sublessee shall pay
to Live Action as rent (“Rent”), without deduction, setoff, notice or demand, at 960 San Antonio Road, Unit 200, Palo
Alto, California 94303, or at such other place as Live Action shall designate from time to time by written notice to Sublessee, the sums
per month set forth below, on the first day of each month during the Term, commencing on August 1, 2022. If the Term begins on a day other
than the first day of a month, the Rent for such partial month shall be prorated on a per diem basis based on the actual number of days
in the month in which the Sublease commences.

 

	6/1/22 – 1/31/23	$[...***...]*
	 	 
	2/1/23 – 1/31/24	$[...***...]
	 	 
	2/1/24 – 7/31/24	$[...***...]

 

*No Rent payments
will be due on June 1, 2022 and July 1, 2022.

 

Rent which is in default for more than
five (5) days after due date shall accrue interest at a rate of five percent (5%) per annum on a daily basis until the amount is paid
in full.

 

In this regard, all delinquent rental
payments made shall be applied first toward interest due and the remaining toward delinquent rental payments.

 

    2

     

    

 

		7.	SECURITY DEPOSIT

A deposit by Sublessee
in the amount of $[...***...] shall be due and payable at the signing of this Agreement, hereinafter referred to as the “Security
Deposit”, and shall be held by Live Action as security for the faithful performance of the terms and conditions of the Agreement.
The Security Deposit may not be used to pay the last month’s rent unless written permission is granted by Sublessee.

 

		8.	PARKING.

Pursuant to the Master
Lease, Live Action has non-exclusive use of twenty-five (25) unreserved parking stalls at the Project, and Sublessee may use ten (10)
of those parking stalls.

 

		9.	COMMON AREAS.

Sublessee will have
the same rights to use Common Areas as Live Action under the Master Lease, and Sublessee must follow the same rules and regulations regarding
the Common Areas that Live Action must follow under the Master Lease. Sublessee acknowledges that the Lessor has certain rights to make
changes to the Common Areas under the Master Lease. The term “Common Areas” is defined as all areas and facilities
outside the Premises and within the exterior boundary line of the Project and interior utility raceways and installations within the Premises
that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Live Action, Sublessee and
other tenants of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including loading
area, trash area, roadways, walkways, driveways and landscaped area. The fenced area next to the emergency exit to the Building is not
a Common Area and is to be used solely for emergency egress from the Building.

 

		10.	PERMITTED USE.

Sublessee may use
the Premises only for general office purposes and related legal uses.

 

		11.	UTILITIES.

Other than HVAC use
beyond Business Hours or extraordinary utility use beyond normal office use (as determined by the Lessor in accordance with the Master
Lease), Sublessee will not be responsible for any utility payments. The charge for HVAC use beyond Business Hours will be at a cost per
hour of use as reasonable determined by Lessor to cover the extra utility use and wear and tear on the HVAC system. “Business
Hours” are from 7:00 am to 6:00 pm Monday through Friday, except national holidays.

 

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		12.	OTHER PROVISIONS OF MASTER LEASE. 

All applicable terms
and conditions of the Master Lease are incorporated into and made a part of this Sublease as if Live Action were the lessor thereunder,
Sublessee the lessee thereunder, and the Premises the Master Premises. Sublessee assumes and agrees to perform Live Action’s obligations
under the Master Lease during the Term to the extent that such obligations are applicable to the Premises, except that the obligation
to pay rent to Lessor under the Master Lease shall be considered performed by Sublessee to the extent and in the amount rent is paid to
Live Action in accordance with Section 6 of this Sublease. Sublessee shall not commit or suffer any act or omission that will violate
any of the provisions of the Master Lease. Live Action shall make reasonable commercial efforts to cause Lessor to perform its obligations
under the Master Lease for the benefit of Sublessee. If the Master Lease terminates, this Sublease shall terminate and the parties shall
be relieved of any further liability or obligation under this Sublease. Notwithstanding the foregoing, if the Master Lease gives Live
Action any right to terminate the Master Lease in the event of the partial or total damage, destruction, or condemnation of the Master
Premises or the building or project of which the Master Premises are a part, the exercise of such right by Live Action shall not constitute
a default or breach hereunder.

 

		13.	INSURANCE.

Sublessee shall maintain
all insurance policies in the amounts described in Section 9 of the Master Lease. Sublessee shall add Live Action as an additional insured
to the liability insurance described in Section 9.1 of the Master Lease by means of an endorsement at least as broad as the Insurance
Service Organization’s “Additional Insured-Managers of Landlords of Premises” Endorsement. Sublessee shall provide Live
Action with written evidence that Sublessee maintains the property insurance described in Section 9.2 of the Master Lease. In the event
Sublessee fails to obtain such insurance required hereunder and fails to maintain the same in force continuously during the term, Live
Action may, but shall not be required to, obtain the same and charge the Sublessee for same as additional rent. Furthermore, Sublessee
agrees not to keep upon the Premises any articles or goods which may be prohibited by the standard form of fire insurance policy, and
in the event Live Action’s insurance rates applicable to fire and extended coverage covering the Premises are increased by reason
of any use of the Premises made by Sublessee, then Sublessee shall pay to Live Action, upon demand, such increase in insurance premium
as shall be caused by said use or Live Action’s proportionate share of any such increase.

 

		14.	DEFAULT AND REPOSSESSION. 

In the event that
the Sublessee fails to pay any rent or other amount due hereunder, or any part thereof, when the same are due and payable, or shall otherwise
be in default of any other terms of this Sublease for a period of more than fifteen (15) days, after receiving notice of said default,
then the Parties expressly agree that Live Action may declare this Sublease terminated and may immediately re-enter the Premises and take
possession of the same together with any of Sublessee’s personal property, equipment or fixtures left on the Premises which items
may be held by Live Action as security for Sublessee’s eventual payment and/or satisfaction of rental defaults or other defaults
of Sublessee under this Sublease. If Sublessee is in default, then Live Action is entitled to take any and all action to protect Live
Action’s interest in the personal property and equipment, to prevent the unauthorized removal of said property or equipment which
threatened action would be deemed to constitute irreparable harm and injury to Live Action in violation of its security interest in said
items of personal property. Furthermore, in the event of default, Live Action may expressly undertake all reasonable preparations and
efforts to release the Premises including, but not limited to, the removal of all inventory, equipment or leasehold improvements of Sublessee’s,
at the Sublessee’s expense, without the need to first procure an order of any court to do so, although obligated in the interim
to undertake reasonable steps and procedures to safeguard the value of Sublessee’s property, including the storage of the same,
under reasonable terms and conditions at Sublessee’s expense, and, in addition, it is understood that Live Action may sue Sublessee
for any damages or past rents due and owing and may undertake all and additional legal remedies then available.

 

    4

     

    

 

		15.	INDEMNIFICATION.

Sublessee hereby covenants and agrees
to indemnify, defend and hold Live Action harmless from any and all claims or liabilities which may arise from any cause whatsoever as
a result of Sublessee’s use and occupancy of the Premises, and further shall indemnify Live Action for any losses which Live Action
may suffer in connection with the Sublessee’s use and occupancy or care, custody and control of the Premises. Sublessee also hereby
covenants and agrees to indemnify and hold harmless Live Action from any and all claims or liabilities which may arise from any latent
defects in the subject Premises that Live Action is not aware of at the signing of the Sublease or at any time during the Term.

 

		16.	NO DEFAULT BY LIVE ACTION UNDER MASTER LEASE.

Live Action represents
and warrants to Sublessee that Live Action is not now, and as of the commencement of the Term, will not be, in default or breach of any
of the provisions of the Master Lease, and that Live Action has no knowledge of any claim by Lessor that Live Action is in default or
breach of any of the provisions of the Master Lease.

 

		17.	SUBLET/ASSIGNMENT

Sublessee may not transfer or assign
this Sublease, or any right or interest hereunder or sublet the Premises or any part thereof without first obtaining the prior written
consent and approval of Live Action.

 

		18.	ATTORNEYS’ FEES.

If Live Action or
Sublessee shall commence legal action against the other arising out of or in connection with this Sublease, the prevailing party shall
be entitled to recover its costs of suit and reasonable attorneys’ fees.

 

		19.	NOTICES.

All notices and demands
which may or are to be required or permitted to be given by either party on the other hereunder shall be in writing. All notices and demands
by Live Action to Sublessee shall be hand delivered to the Sublessee at the Premises, or to such other place as Sublessee may from time
to time designate in a notice to Live Action. All notices and demands by the Sublessee to Live Action shall be hand delivered to Live
Action at the address set forth above, and to such other person or place as Live Action may from time to time designate in a notice to
the Sublessee. Notwithstanding the foregoing, any notice to be delivered to a location outside of the Project may be delivered by US mail,
overnight courier service of recognized standing or hand. All hand delivered notices will be effective upon receipt. All notices delivered
by courier will be effective one (1) business day after being deposited with an overnight courier service of recognized standing, and
all notices sent by US mail will be effective four (4) days after being deposited in the U.S. mail, first class with postage prepaid.

 

    5

     

    

 

		20.	SEVERABILITY.

The invalidity of
any provision of this Sublease, as determined by a court of competent jurisdiction, shall in no way affect the validity of any other provision
hereof.

 

		21.	AMENDMENT.

This Sublease may be modified only by
written instrument signed by both Parties.

 

		22.	HEADINGS.

The section headings contained in this
Sublease are solely for the purpose of convenience and shall not be deemed a part of this Agreement.

 

		23.	TIME OF ESSENCE.

Time is of the essence with respect
to the performance of all obligations to be performed or observed by the Parties under this Sublease.

 

		24.	ENTIRE AGREEMENT.

This Sublease contains all agreements
between the Parties with respect to any matter mentioned herein, and no other prior or contemporaneous agreement or understanding shall
be effective.

 

		25.	GOVERNING LAW; VENUE.

This Sublease shall be governed by and
construed under the laws of the State of California. Any action brought to enforce, or otherwise arising out of, this Agreement shall
be heard and determined only in either a federal or state court sitting in Santa Clara County, California and each party hereto agrees
to the exclusive jurisdiction of such courts.

 

		26.	FURNITURE AND EQUIPMENT FOR PURCHASE AT TERMINATION OF SUBLEASE.

At the expiration
of the Term, if Sublessee is not in default at such time and his not been in default at any time during the Term, then Sublessee may purchase
the following furniture and equipment being maintained in the Premises on the date hereof:

 

		·	4
                                            office desks

 

		·	Meeting
                                            table and chairs from conference room

 

		·	Desks
                                            that are currently in offices

 

		·	4
                                            mounted TV’s

 

		·	Reception
                                            desk

 

    6

     

    

 

The price for purchasing all the furniture
and equipment listed above will be One Dollar ($1.00).

 

REMAINDER OF
PAGE HAS INTENTIONALLY BEEN LEFT BLANK

 

    7

     

    

 

IN WITNESS WHEREOF, the parties
have executed this Sublease to be effective as of the date first written above.

 

 

	 	SUBLESSOR:	 	SUBLESSEE:
	 	 	 	 
	 	LIVE ACTION, INC.	 	SCILEX HOLDING COMPANY
	 	 	 	 
	 	 	 	 
	 	/s/ Francine Geist	 	/s/ Jaisim Shah
	 	Name: Francine Geist	 	Name: Jaisim Shah
	 	Title: CEO	 	Title: CEO

 

    8

     

    

 

LANDLORD’S
CONSENT TO SUBLEASE

 

PA San Antonio 960, LLC (“Lessor”),
lessor under the Master Lease, hereby consents to the foregoing Sublease without waiver of any restriction in the Master Lease concerning
further assignment or subletting. Lessor certifies that, as of the date of Lessor’s execution hereof, Live Action is not in default
or breach of any of the provisions of the Master Lease, and that the Master Lease has not been amended, modified or supplemented.

 

 

	 	PA SAN ANTONIO 960, LLC
	 	 
	 	/s/ Scott Hassan
	 	Name: Scott Hassan
	 	Title: Manager
	 	 
	 	Date: 6/7/2022

 

CONSULT YOUR ADVISORS - No representation
or recommendation is made by Broker as to the legal sufficiency or tax consequences of this document or the transaction to which it relates.
These are questions for your attorney.

 

In any real estate transaction, it is recommended
that you consult with a professional such as a civil engineer, physical inspector or other person with experience in evaluating the condition
of the property, including the possible presence hazardous materials.

 

    9

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