Exhibit 10.5
EIGHTH AMENDMENT
TO
LOAN AND SECURITY AGREEMENT
This Eighth Amendment to Loan and Security Agreement (this “Amendment”) is entered into as of June 21, 2024, by and between Banc of California, a California state-chartered bank (formerly known as Pacific Western Bank) (“Bank”) and PRECISION BIOSCIENCES, INC. (“Precision” or “Borrower”).
RECITALS
Borrower and Bank are parties to that certain Loan and Security Agreement dated as of May 15, 2019 (as has been and may be further amended, restated, supplemented, or otherwise modified from time to time, the “Agreement”). The parties desire to amend the Agreement in accordance with the terms of this Amendment.
NOW, THEREFORE, the parties agree as follows:
“Credit Card Maturity Date” means July 31, 2024.
“Revolving Maturity Date” means July 31, 2024.
[Signatures appear on the following page.]
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.
PRECISION BIOSCIENCES, INC. | BANC OF CALIFORNIA |
By: /s/ Alex Kelly Name: Alex Kelly Title: Chief Financial Officer | By: /s/ Ryan Kelley Name: Ryan Kelley Title: Vice President Client Manager |
| |
|