Common use of Reporting Covenants Required Complies Clause in Contracts

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 days; if Streamline Period not in effect, Friday of each week Yes No Board approved projections Within later of 60 days of Board approval or FYE, and as within 10 days of any amendment/update Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 7 days; if Streamline Period not in effect, Friday of each week Yes No Board approved projections Within later of 60 days of Board approval or FYE, and as within 10 days of any amendment/update Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial Financial statements with Compliance Certificate Statement Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 or if during a Reporting Streamline Period, quarterly within 30 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly or if during a Reporting Streamline Period, quarterly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly Statement Monthly within 30 days; days or if during a Reporting Streamline Period not in effectPeriod, Friday of each week quarterly within 30 days Yes No Board approved projections Within later of FYE within 60 days of Board approval or FYE, and as amended/updated Yes No Recurring revenue cohort report Quarterly within 10 30 days Yes No Marketplace Receivables Report prior to and in connection with each request for an Advance in respect of any amendment/update Marketplace Receivables, a Marketplace Receivables Report Yes No Upwork Escrow Inc. transactions report on the tenth Business Day following an Advance in respect of Marketplace Receivables, a report, in form and substance reasonably acceptable to Bank, detailing Marketplace Receivables collection activity that was record by Upwork Escrow Inc. during the week immediately following the week in which such Advance took place Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Statement Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 FYE within 180 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Agings; Sell Through Report; Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Report; General Ledger Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 daysStatements; if Streamline Period not in effect, A/R Ledger Aging Report; Inventory Report Weekly on Friday of each week week*/ monthly within 7 days of month end, and on each Advance request Yes No Board 409(a) valuation report Within 30 days after completion Yes No Annual budget and board-approved projections Within later The earlier of 60 (a) January 31 of each year or (b) 15 days of after Board approval or FYE, and as within 10 days of any amendment/update Yes No Copies of Statements for [***] Monthly within 30 days Yes No *When Streamline Period is not in effect The following Intellectual Property not previously disclosed to Bank was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)) ____________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Borrowing Base Reports A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Borrowing Base Certificate Monthly within 30 days Yes No Detailed Debtor Listing Quarterly financial statements Quarterly for the first 3 fiscal quarters of Borrower’s fiscal year within 45 days Yes No Compliance Certificate [Quarterly within 45 days] [Monthly within 30 days] Yes No Annual Operating Budget & Financial Projections No later than earlier of (i) 30 days after approval by BOD and (ii) 60 days after FYE Yes No Annual financial statement (CPA Audited) & Unqualified Opinion FYE within 180 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 days; if Streamline Period not in effect, Friday Net cash <$65,000,000 or <$50,000,000 Promptly upon knowledge of each week shortfall Yes No Board approved projections 10‑Q, 10‑K and 8-K Within later of 60 5 days of Board approval or FYE, and as within 10 days of any amendment/update after filing with SEC Yes No EXHIBIT E The following Intellectual Property was registered (or a registration application submitted) after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)______________________________________________________________________________________________________________________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Statement Monthly within 30 days of month end Yes No Annual financial statements (CPA Audited) Earlier of 120 FYE within 180 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Agings; Sell Through Report; Deferred Revenue Report; General Ledger Monthly within 30 days of month end Yes No Deferred Revenue Borrowing Base Statements; A/R Ledger Aging Report Friday of each week* / monthly within 7 days of month end; and on each Advance request Yes No Inventory Report and Inventory Transaction Report Friday of each week* /monthly within 7 days of month end; Yes No 409(a) valuation report Within 30 days after completion Yes No Annual budget and board-approved projections The earlier of (a) January 31 of each year or (b) 15 days after Board approval Yes No Copies of Statements for [***] Monthly within 30 days of month end Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Reports If *when Borrower is not in Streamline Period in effect, monthly within 30 days; if Streamline Period not in effect, Friday of each week Yes No Board approved projections Within later of 60 days of Board approval or FYE, and as within 10 days of any amendment/update Yes No The following Intellectual Property not previously disclosed to Bank was registered after the Fifth Amendment Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial revenue, net profit and cash balance statements with Compliance Certificate Monthly within 30 days Yes No Quarterly financial statements with Compliance Certificate Within 45 days of quarter end (within 90 days of quarter end for Q4) Yes No Annual financial statements statement with Compliance Certificate (CPA Audited) Earlier of 120 FYE within 180 days Yes No 10-Q Report Within 45 days of FYE, or quarter end for 10-K filing date Yes No Quarterly financial statements Earlier of Q (within 90 days of FQE, or 10-Q filing date quarter end for Q4) Yes No CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED Filed 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & Agings, A/P Agings Monthly & Inventory Reports At all times following the occurrence of the FDA Event, monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days when an Advance is outstanding or has been requested Yes No Borrowing Base Reports If Streamline Period in effectAt all times following the occurrence of the FDA Event, with each Advance request and monthly within 30 days; if Streamline Period not in effect, Friday of each week days when an Advance is outstanding Yes No Board approved projections Within later of 60 30 days of Board approval or FYE, FYE and as within 10 days of any amendmentamended/update updated Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________No

Reporting Covenants Required Complies. Monthly Quarterly financial statements with Compliance Certificate Monthly Within 45 days of quarter end (within 30 90 days of quarter end for Q4) Yes No Annual financial statements statement with Compliance Certificate (CPA Audited) Earlier of 120 FYE within 180 days Yes No 10-Q Report Within 45 days of FYE, or quarter end for 10-K filing date Yes No Quarterly financial statements Earlier of Q (within 90 days of FQE, or 10-Q filing date quarter end for Q4) Yes No Filed 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & Agings, A/P Agings Monthly & Inventory Reports At all times following the occurrence of the FDA Event, monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days when an Advance is outstandingor has been requested Yes No Borrowing Base Reports If Streamline Period in effectAt all times following the occurrence of the FDA Event, with each Advance request and monthly within 30 days; if Streamline Period not in effect, Friday of each week dayswhen an Advance is outstanding Yes No Board approved projections Within later of 60 30 days of Board approval or FYE, FYE and as within 10 days of any amendmentamended/update updated Yes No The following Intellectual Property was registered after are the Effective Date or after exceptions with respect to the last delivery date of a Compliance Certificate certification above: (if If no registrationsexceptions exist, state “NoneNo exceptions to note.”)) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- VERRICA PHARMACEUTICALS INC. By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _____________________________________________________ Compliance Status: Yes No

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly Transaction Report (incl. A/R & AP Agings) Weekly*, otherwise Monthly, within 30 days Yes No Annual Company prepared financial statements statement Monthly, within 30 days Yes No Compliance Certificate Monthly, within 30 days Yes No Xxxxx Fargo Bank Statements Monthly, as soon as available Yes No Invoices representing ≥ 10% all outstanding EXIM Eligible Foreign Accounts (CPA Auditedas reported at such quarter-end) Earlier Quarterly, within 30 days Yes No Invoices representing ≥ 10% of EXIM Export Orders for such quarter Quarterly, within 30 days Yes No Audited Financial Statements Annually, within 120 days of FYE, or 10-K filing date FYE Yes No Quarterly Board approved financial statements Earlier of 90 days of FQEprojections etc. Annually, or 10-Q filing date upon board approval Yes No 10-Q10‑Q, 10-K 10‑K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue * weekly Transaction Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 days; only required if Streamline Period not in effect, Friday of each week Yes No Board approved projections Within later of 60 days of Board approval there is any principal or FYE, and as within 10 days of any amendment/update Yes No interest outstanding under the Revolving Line. The following Intellectual Property was registered (or a registration application submitted) after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)__________________________________________________________________________________________________________________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly within 30 days; if Streamline Period not in effect, Friday of each week Yes No Board approved projections Within later of 60 days of Board approval or FYE, and as within 10 days of any amendment/update Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)_____________________________________________________________________________ [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to portions of this agreement.

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Monthly within 30 days Yes No Annual financial statements (CPA Audited) Earlier of 120 FYE within 180 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Agings, Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing report, purchase order backlog report and general ledger Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, and detailed accounts receivable ledger and any schedules related thereto and including any other information requested by Bank with respect to Borrower’s Accounts (i) with each request for an Advance; (ii) weekly within 7 days when there are outstanding Advances; and (iii) monthly within 30 days; if Streamline Period not in effectdays when there an no outstanding Advances Yes No Bookings Report Quarterly, Friday of each week within 30 days Yes No Board approved projections Within later Annually, within the earlier of 60 (i) 30 days of after Board approval approval; or FYE, and as within 10 (ii) 30 days of any amendment/update after FYE Yes No [The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)____________________________________________________________________________]

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Financial Statements Monthly within 30 days Yes No Quarterly Financial Statements Quarterly within 45 days Compliance Certificates With delivery of Monthly Financial Statements, Quarterly Financial Statements and Annual financial statements Financial Statements Yes No Annual Financial Statement (CPA Audited) Earlier of 120 FYE within 90 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE10‑Q, or 10-Q filing date Yes No 10-Q, 10-K 10‑K and 8-K Within 5 days after filing with SEC – e-mail notification when posted Yes No Transaction Reports Weekly by Friday of each week (Monthly within 10 days when A Streamline Period is in effect) and with each requestfor an Advance Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Detailed Debtor Listing Monthly within 30 days Yes No Borrowing Base Aging and Cash Reconciliation/Cash balance Reports If Streamline Period in effect, monthly within 30 days; if Streamline Period not in effect, (Parent and all Subsidiaries worldwide) Weekly by Friday of each week Yes No Board approved projections Within later of 60 days of Board approval or FYE, and as (Monthly within 10 days of any amendment/update when A Streamline Period is in effect) Yes No Projections 45 days prior to FYE Yes No The following Intellectual Property was registered (or a registration application submitted) after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)______________________________________________________________________________________________________________________________________________________________________________________

Reporting Covenants Required Complies. Monthly financial statements with Compliance Certificate Statement Monthly within 30 days Yes No Quarterly financial statements with Compliance Statement Quarterly within 45 days Yes No Annual financial statements (CPA Audited) Earlier of 120 FYE within 180 days of FYE, or 10-K filing date Yes No Quarterly financial statements Earlier of 90 days of FQE, or 10-Q filing date Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings Monthly within 30 days Yes No Deferred Revenue Report Monthly within 30 days Yes No Agings; Detailed Account Debtor Listing listing; inventory sell-through report; general ledger Monthly within 30 days Yes No Borrowing Base Reports If Streamline Period in effect, monthly Statements Monthly within 30 days; if Streamline Period not in effect, Friday 7 days of each week month end Yes No Board Board-approved projections Within later Earlier of 60 (a) 30 days of after Board approval or FYE(b) January 31st of each year, and as within 10 amended/updated Yes No 409(a) Valuation Report Within 30 days of any amendment/update completion Yes No The following Intellectual Property was registered after the Effective Date or after the last delivery date of a Compliance Certificate (if no registrations, state “None”)) STREAMLINE ELIGIBILITY AND PERFORMANCE PRICING Streamline Period Actual StreamlinePeriod Applies Interest Rate forRevolving Line Net Cash > 1.00 $_____________________________________________________________________________ Yes Prime Rate + 0.75% No Prime Rate + 1.25%