[ * ] = C ERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT , MARKED BY BRACKETS , HAS BEEN OMITTED AND
FILED SEPARATELY WITH THE S ECURITIES AND E XCHANGE C OMMISSION PURSUANT TO R ULE 24b-2 OF THE S ECURITIES E
XCHANGE A CT OF 1934, AS AMENDED .
LOAN AND SECURITY AGREEMENT
THIS LOAN AND SECURITY AGREEMENT (this “ Agreement ”) dated as of March 31, 2010 (the “Closing Date” )
between OXFORD FINANCE CORPORATION (“ Lender ”), and CERUS CORPORATION , a Delaware corporation (“
Borrower ”), provides the terms on which Lender shall lend to Borrower and Borrower shall repay Lender. The parties agree as
1 ACCOUNTING AND OTHER TERMS
Accounting terms not defined in this Agreement shall be construed following GAAP. Calculations and determinations
must be made following GAAP. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in
Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the
Code to the extent such terms are defined therein.
2 LOAN AND TERMS OF PAYMENT
2.1 Promise to Pay . Borrower hereby unconditionally promises to pay Lender the outstanding principal amount of all
Credit Extensions and accrued and unpaid interest thereon and any other amounts due hereunder as and when due in
accordance with this Agreement.
2.1.1 Growth Capital Loan Facility.
(a) Availability . Subject to the terms and conditions of this Agreement, on the Closing Date or as soon thereafter as
practical, Lender shall make advances to Borrower (each, a “ Growth Capital Advance ” and collectively, the “ Growth Capital
Advances ”) as follows: (i) on or as soon after the Closing Date as practical (the “Closing Date Advance” ), one (1) Growth
Capital Advance in the amount Five Million Dollars ($5,000,000); and (ii) during the Tranche B Availability Period, an additional
Growth Capital Advance in an aggregate amount not to exceed Five Million Dollars ($5,000,000) (the “Tranche B Advanc