On January 13, 2017, Les Laboratoires Servier and Institut de Recherches Servier (jointly referred to as "Servier) agreed to further amend the terms of the Loan Agreement, by and between Servier and XOMA Corporation, initially entered into on December 30, 2010 and subsequently amended by a Consent, Transfer, Assumption and Amendment Agreement entered into as of August 12, 2013 and an Amendment No. 2 to the Loan Agreement entered into on January 9, 2015. In a message dated January 13, 2017, Servier agreed to defer the deadline for the payment of a 5,000,000 installment of principal from January 15, 2017 to July 15, 2017 (the "Loan Amendment"). The formal amendment documentation is pending. All other terms of the Loan Agreement remain unchanged, including ongoing interest payment obligations and the obligation to repay the final 7,000,000 balance of the principal on January 15, 2018.