Document:

Dividend Waiver Agreement

 Exhibit 10.29 
 WAIVER AGREEMENT 
 This Waiver Agreement (the “Agreement”) is entered
into as of October 12, 2012, by and between International Stem Cell Corporation, a Delaware corporation (the “Company”), and Andrey Semechkin, an individual, Ruslan Semechkin, an individual, X-Master, Inc., a New Hampshire
corporation, and AR Partners, LLC, a Delaware limited liability company (collectively, the “Holders”) with respect to the following: 
 A. The Holders are the registered holders and the beneficial owners of all of the issued and outstanding shares of the Company’s Series D Preferred Stock, $0.001 par value per share (the “Series
D Preferred”) and all of the issued and outstanding shares of the Company’s Series G Preferred Stock $0.001 par value per share (the “Series G Preferred”). 
 B. Pursuant to the terms of the Certificate of Designation of Rights, Preferences, Privileges and Restrictions of the Series D Preferred Stock (the “Series D Certificate of Designation”), the
Series D Preferred is currently entitled to annual dividends per share equal to 6% of the original purchase price of the Series D Preferred, with such dividends accruing, whether or not declared, and accumulating. Additionally, interest at the rate
of 1.5 % per month is payable on the amount of any Series D Preferred dividends which are not paid by the date specified in the Series D Certificate of Designation. 
 C. Pursuant to the terms of the Certificate of Designation of Rights, Preferences, Privileges and Restrictions of the Series G Preferred Stock (the “Series G Certificate of Designation”), the
Series G Preferred is entitled to cumulative annual dividends per share equal to 6% of the original purchase price of Series G Preferred, with such dividends accruing and being payable upon the occurrence of a Liquidation Event or Deemed Liquidation
Event (both as defined in the Series G Certificate of Designation). 
 D. Andrey Semechkin and Ruslan Semechkin are each
directors and officers of the Company and, assuming full conversion and exercise of all derivative securities held, the Holders would beneficially own over 30% of the outstanding shares of common stock of the Company. 

E. In connection with the Company seeking to raise additional capital to support its operations and continued development, which is a
significant benefit to Holders, the Holders have agreed to waive all current and future rights they may have to all Series D Preferred dividends, any interest that may be payable on unpaid Series D Preferred dividends, and all Series G Preferred
dividends. 

  
 1 

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Holders hereby agree as follows: 
  

	 	1.	Waiver of Dividends and Interest Payments. 

 a. The Holders hereby irrevocably and unconditionally waive all rights they hold to receive (i) Accruing Series D Dividends (as defined in the Series D Certificate of Designation), (ii) Accruing
Series G Dividends (as defined in the Series G Certificate of Designation) and (iii) any interest and any other rights accruing to them by reason of the failure of the Company to pay such dividends pursuant to the terms of the Series D
Certificate of Designation, the Series G Certificate of Designation or any other agreement between the Company and any of the Holders with respect to the payment of the Accruing Series D Dividends or the Accruing Series G Dividends. This waiver
applies to all such dividends, interest and other rights linked to the payment of dividends that would accrue or be paid on or after September 30, 2012, together with any such dividends, interest, or rights linked to the payment of dividends
that have accrued but have not been paid as of that date. The parties understand and acknowledge that the waiver in this Section 1 (a) does not apply to any dividend or interest payments that were actually paid to any Holder prior to
September 30, 2012. 
 b. Except as specifically provided herein, this Waiver Agreement does not, and is not intended to,
effect the waiver of any other rights held by the Holders under the Series D Certificate of Designation or Series G Certificate of Designation. In amplification of the foregoing, the parties understand and acknowledge that the provisions in the
Series D Certificate of Designation and the Series G Certification of Designation requiring payments of dividends to the holders of Series D Preferred and Series G Preferred in the event of payment of dividends on other series of capital stock shall
continue in full force and effect. 
  

	 	2.	Certificates and Transfers. 

 It is the intention of the Holders and the Company that the waivers set forth in Section 1 above shall be binding on the Holders and on any transferees of any shares of Series D Preferred or Series G
Preferred. Therefore, the Holders agree to surrender all certificates representing shares of Series D Preferred and Series G Preferred to the Company for addition of a legend noting the waiver of dividend rights pursuant to this Agreement.
Additionally, the Holders agree that the shares of Series D Preferred Stock and Series G Preferred Stock that they hold may not be transferred, including by operation of law, unless the transferee agrees in writing to be bound by the terms of this
Agreement. Any purported transfer of shares of Series D Preferred Stock or Series G Preferred Stock in contravention of the foregoing sentence shall be null and void. 

  
 2 

	 	3.	Representations of the Parties. 

 Each party hereby represents and warrants to the others that: 
 a. the execution
and delivery and performance by such party of this Agreement: (i) is within such party’s power, (ii) has been duly authorized by all necessary action of such party, (iii) is not in contravention of such party’s
organizational documents (as applicable), (iv) does not violate any law or regulation, or any order or decree of any governmental authority applicable to such party, and (v) does not conflict with, or result in the breach or termination,
constitute or default under or accelerate any performance required by, any agreement to which such party is bound. 
 b. This
Agreement has been duly executed and delivered by or on behalf of such party and constitutes a legal, valid and binding obligation of such party, enforceable against such party in accordance with its terms except as the enforceability may be limited
by bankruptcy, insolvency, organization, moratorium and other laws affecting creditors’ rights and remedies in general. 
  

	 	4.	Representations of the Holders. 

 a. Each Holder is the sole legal and beneficial owner of the shares of Series D Preferred Stock and Series G Preferred Stock held by such Holder. Each Holder has good, valid and marketable title to the
shares of Series D Preferred Stock and Series G Preferred Stock held by such Holder, free and clear of any liens, pledges, charges, security interests, encumbrances or other adverse claims. Each Holder has not, in whole or in part,
(i) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of the shares of Series D Preferred Stock or Series G Preferred Stock, or (ii) given any person or entity any transfer order, power of attorney or
other authority of any nature whatsoever with respect to the shares of Series D Preferred Stock or Series G Preferred Stock. 
  

	 	5.	Miscellaneous. 

 a. This
Agreement may be executed in any number of counterparts, with all such counterparts constituting one agreement, binding on all of the parties hereto. 
 b. This Agreement shall be governed by and construed exclusively in accordance with the internal laws of the state of Delaware, without regard to the conflicts of laws principles thereof. The parties
hereby irrevocably agree that any suit or proceeding arising directly and/or indirectly pursuant to or under this Agreement shall be brought solely in a federal or state court located in the state of Delaware. By execution hereof, the parties hereby
covenant and irrevocably submit to the jurisdiction of the federal and state courts located in the state of Delaware and agree that any process in any such action may be served upon any of them personally, or by certified mail or registered mail
addressed to them or their agent, returned receipt requested, with the same force and effect as personally served upon them in the state of Delaware. The parties hereto expressly and irrevocably waive any claim that any such jurisdiction is not a
convenient forum for any such suit or proceeding and any defense or lack of jurisdiction with respect thereto. In the event of any such action or proceeding, the party 

  
 3 

 
prevailing therein shall be entitled to payment from the other party to such action of its reasonably attorney’s fees and disbursements. 

c. Each party agrees that it shall do and preform or cause to be done and performed, all such further acts and things, and shall execute
and deliver all such other agreements, certificate, instruments, waivers and documents, as the other parties many reasonably request in order to carry out the intent and accomplish the purposes of this Agreement. 

d. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon their respective successors and assigns,
including any transferees of the Series D Preferred or Series G Preferred. 
 e. Any notice required or permitted by this
Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by facsimile (upon customary confirmation of receipt), addressed to the party to be notified at such party’s
address as set forth on the signature page hereto, or as subsequently modified by written notice from such party. 
 f. Prior to
executing this Agreement, the Company and each of the Holders have had the benefit of the advice and counsel of their own independent attorneys in understanding and negotiating the terms of this Agreement. 

g. This Agreement and the documents referred to herein, constitute the entire agreement between the parties pertaining to the subject
matter hereof. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the date in
and set forth above. 
 International Stem Cell Corporation 
 5950 Priestly Drive 
 Carlsbad, CA 92008 

 

			
	Facsimile:	 	  

			
		
	By:	 	 /s/ LINH NGUYEN

			
		
	Name, Title:	 	 LINH NGUYEN, CFO

			
	
	 /s/ Andrey Semechkin

	Andrey Semechkin
		 	 5950 Priestly Drive

		
		 	 Carlsbad, CA 92008

  
 4 

			
	Facsimile:	 	
 (603)625-5650

			
	
	 /s/ Ruslan Semechkin

	Ruslan Semechkin
		 	   5950 Priestly Drive

		 	   Carlsbad, CA
92008

			
		
	Facsimile:	 	  (603)625-5650

	
	X-Master, Inc.

			
		
		 	   1 Overlook Dr., Ste # 11

		
		 	   Amherst, NH
03031

			
		
	Facsimile:	 	
 (603)625-5650

			
		
	By:	 	 /s/ Ruslan Semechkin

			
		
	Name, Title:	 	   Ruslan Semechkin,
President

			
	
	AR Partners, LLC

			
		
		 	  5950 Priestly Drive

		
		 	  Carlsbad, CA 92008

		
	Facsimile:	 	
 (603)625-5650

			
		
	By:	 	 /s/ Ruslan Semechkin

			
		
	Name, Title:	 	   Ruslan Semechkin, Managing Member

  
 5Specimen common stock certificate

 Exhibit 4.1 
 

 
 NUMBER RMY REMY INTERNATIONAL, INC. SHARE INCORPORATED UNDER THE LAWS OF THE STATE OF
DELAWARE CUSIP 759663 10 7 COMMON STOCK SEE REVERSE FOR CERTAIN DEFINITIONS SPECIMEN FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, PAR VALUE OF $.0001, OF BY: REMY INTERNATIONAL, INC. COUNTERSIGNED AND REGISTERED: AMERICAN STOCK TRANSFER
& TRUST COMPANY (NEW YORK, NY) TRANSFER AGENT AND REGISTRAR AUTHORIZED SIGNATURE TRANSFERABLE ON THE BOOKS OF THE CORPORATION BY THE HOLDER HEREOF IN PERSON OR BY DULY AUTHORIZED ATTORNEY UPON SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED.
THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE ISSUED AND SHALL BE HELD SUBJECT TO ALL OF THE PROVISIONS OF THE AMENDED AND RESTATED ARTICLES OF INCORPORATION OF THE CORPORATION, AND ALL AMENDMENTS THERETO, COPIES OF WHICH ARE ON FILE WITH
THE TRANSFER AGENT, TO ALL OF WHICH THE HOLDER HEREOF BY THE ACCEPTANCE OF THIS CERTIFICATE ASSENTS. THIS CERTIFICATE IS NOT VALID UNLESS COUNTERSIGNED AND REGISTERED BY THE TRANSFER AGENT AND REGISTRAR. WITNESS THE SEAL OF THE CORPORATION AND THE
SIGNATURES OF ITS DULY AUTHORIZED OFFICERS. DATED: PRESIDENT SENIOR VICE PRESIDENT. CHIEF FINANCIAL OFFICER AND CORPORATE TREASURER AMERICAN BANK NOTE COMPANY. 

 

 
 The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM – AS TENANTS IN COMMON UNIF GIFT MIN ACT – CUSTODIAN TEN ENT – AS TENANTS BY THE ENTIRETIES (CUST) (MINOR)
UNDER UNIFORM GIFTS TO MINORS ACT (STATE) UNIF TRF MIN ACT- UNTIL AGE UNDER UNIFORM TRANSFERS TO MINORS ACT (ST) JT TEN – AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP AND NOT AS TENANTS IN COMMON ADDITIONAL ABBREVIATIONS MAY ALSO BE USED THOUGH
NOT IN THE ABOVE LIST. FOR VALUE RECEIVED, HEREBY SELL, ASSIGN AND TRANSFER UNTO PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) OF THE CAPITAL STOCK
REPRESENTED BY THE WITHIN CERTIFICATE, AND DO HEREBY IRREVOCABLY CONSTITUTE AND APPOINT SHARES TO TRANSFER THE SAID STOCK ON THE BOOKS OF THE WITHIN NAMED CORPORATION WITH FULL POWER OF SUBSTITUTION IN THE PREMISES. DATED X NOTICE SIGNATURE(S)
GUARANTEED NOTICE THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE PAGE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT OR ANY CHANGE WHATSOEVER. BY THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLON PROGRAM PURSUANT TO S.E.C. RULE 17AD-15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]