<SEC-DOCUMENT>0001193125-17-046823.txt : 20170216
<SEC-HEADER>0001193125-17-046823.hdr.sgml : 20170216
<ACCEPTANCE-DATETIME>20170216170956
ACCESSION NUMBER:		0001193125-17-046823
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20170210
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170216
DATE AS OF CHANGE:		20170216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XOMA Corp
		CENTRAL INDEX KEY:			0000791908
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				942756657
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14710
		FILM NUMBER:		17618724

	BUSINESS ADDRESS:	
		STREET 1:		2910 SEVENTH ST
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94710
		BUSINESS PHONE:		5106441170

	MAIL ADDRESS:	
		STREET 1:		2910 SEVENTH ST
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94710

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XOMA LTD /DE/
		DATE OF NAME CHANGE:	19990107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XOMA CORP /DE/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d317392d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): February&nbsp;10, 2017 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>XOMA CORPORATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-14710</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">52-2154066</FONT></B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>XOMA Corporation </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2910 Seventh Street </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Berkeley, CA 94710 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices and zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: <FONT STYLE="white-space:nowrap">(510)&nbsp;204-7200</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to <FONT STYLE="white-space:nowrap">Rule&nbsp;13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 1.01 Entry into a Material Definitive Agreement. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;10, 2017, XOMA Corporation (&#147;XOMA&#148; or the &#147;Company&#148;) entered into a Subscription Agreement with
Biotechnology Value Fund, L.P. (&#147;BVF&#148;), an existing stockholder of the Company, and certain entities affiliated with BVF (the &#147;Subscription Agreement&#148;). Pursuant to the Subscription Agreement, the Company agreed to issue directly
to BVF in a registered direct offering (the &#147;Offering&#148;) 1,200,000 shares of the Company&#146;s common stock, $0.0075 par value per share, and 5,003 shares of the Company&#146;s Series X Preferred Stock, $0.05 par value per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The offering price of the shares of common stock is $4.03 per share (the closing price of XOMA common stock on February&nbsp;10, 2017, as
reported on the NASDAQ Global Market). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each share of Series X Preferred Stock will have a stated value of $4,030 per share and will be
convertible into 1,000 shares of registered common stock based on a conversion price of $4.03 per share of common stock. The total number of shares of common stock issued upon conversion of all issued Series X Preferred Stock will be 5,003,000
shares. Each share will be convertible at the option of the holder at any time, provided that the holder will be prohibited from converting into common stock if, as a result of such conversion, the holder, together with its affiliates, would
beneficially own a number of shares above a conversion blocker, which is initially set at 19.99% of the total common stock then issued and outstanding immediately following the conversion of such shares. In the event of the Company&#146;s
liquidation, dissolution or winding up, holders of Series X Preferred Stock will participate&nbsp;pari passu&nbsp;with any distribution of proceeds to holders of common stock. Holders of Series X Preferred Stock are entitled to receive dividends on
shares of Series X Preferred Stock equal (on an as if converted to common stock basis) to and in the same form as dividends actually paid on the Company&#146;s common stock or other junior securities. Shares of Series X Preferred Stock will
generally have no voting rights, except as required by law and except that the consent of the holders of the outstanding Series X Preferred Stock will be required to amend the terms of the Series X Preferred Stock and to approve certain corporate
actions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The net proceeds from the Offering, after deducting estimated offering expenses, are expected to be approximately
$24.9&nbsp;million. No underwriter or placement agent participated in the Offering. The above description of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the Subscription Agreement filed
as Exhibit 10.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> which is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Offering was made pursuant to the Company&#146;s shelf registration statement previously filed with the Securities and Exchange Commission (the &#147;SEC&#148;), which the SEC declared effective on February&nbsp;13, 2015 (File <FONT
STYLE="white-space:nowrap">No.&nbsp;333-201882),</FONT> as supplemented by the prospectus supplement filed with the SEC on February&nbsp;13, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company closed the Offering on February&nbsp;16, 2017. Immediately following the closing of the Offering, the Company had a total of
7,520,822 shares of common stock issued and outstanding, excluding shares of common stock underlying the Series X Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
Company plans to use the net proceeds from the Offering to prepay certain outstanding indebtedness, fund the clinical development of XOMA 358, fund additional preclinical and regulatory activities for other product candidates, and for other general
corporate purposes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A copy of the opinion of Cooley LLP relating to the legality of the issuance and sale of the common stock and Series
X Preferred Stock in the Offering is filed herewith as Exhibit 5.1. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 3.03 Material Modification to Rights of Security Holders. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;14, 2017, the Company, in connection with the registered direct offering of its Series X Preferred Stock described above,
designated 5,003 shares of its authorized and unissued preferred stock as Series X Preferred Stock and filed a Certificate of Designation of Preferences, Rights and Limitations of Series X Convertible Preferred Stock (the &#147;Certificate of
Designation&#148;) with the Secretary of State of Delaware, which is attached hereto as Exhibit 3.1. A summary of the rights, preferences and privileges of the Series X Preferred Stock is included above under &#147;Item 1.01 Entry into a Material
Definitive Agreement,&#148; which is incorporated by reference herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The above description of the Certificate of Designation does not
purport to be complete and is qualified in its entirety by reference to the Certificate of Designation filed as Exhibit 3.1 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> which is incorporated herein by reference. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Effective February 15, 2017, upon the recommendation of the Nominating and Governance
Committee of the Board of Directors of the Company (the &#147;Board&#148;), the Board appointed Matthew Perry to the Company&#146;s Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The appointment of Mr. Perry was made by the Company in accordance with the Subscription Agreement described in Item 1.01 above, pursuant to
which BVF has the right to nominate a single director for election to the Board so long as BVF continues to beneficially own in excess of 19.9% of the Company&#146;s outstanding common stock (determined on an as-converted basis and without regard to
any conversion blockers). Mr. Perry is President of BVF Partners L.P., an entity affiliated with BVF. The description of the Subscription Agreement is qualified in its entirety by reference to the Subscription Agreement filed as Exhibit 10.1 to this
Current Report on Form 8-K which is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Mr. Perry will be compensated for his service on the Board in
accordance with the Company&#146;s Director Compensation Policy as described in the Company&#146;s 2016 Proxy Statement filed with the SEC on April 8, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with his appointment, Mr. Perry will enter into an indemnification agreement with the Company substantially in the form of the
Amended and Restated Indemnification Agreement for Non-employee Directors previously approved by the Board, which is filed as Exhibit 10.8 to the Company&#146;s Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2006 filed with the
SEC on March 8, 2007, and is incorporated by reference herein. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.03 Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal
Year. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On February&nbsp;14, 2017, the Company filed the Certificate of Designation, a copy of which is attached hereto as Exhibit 3.1.
The Certificate of Designation, establishes and designates the Series X Preferred Stock and the rights, preferences and privileges thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The description of the Certificate of Designation contained in Item&nbsp;1.01 and Item 3.03 is incorporated herein by reference. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:94.60pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Incorporation&nbsp;by&nbsp;Reference</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:66.80pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:19.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Form</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:44.25pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>SEC File No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:37.95pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Filing Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certificate of Designation of Preferences, Rights and Limitations of Series X Convertible Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Series X Preferred Stock Certificate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Cooley LLP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Subscription Agreement, dated February&nbsp;10, 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">424(b)(5)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="white-space:nowrap">333-201882</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">Annex&nbsp;A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">February&nbsp;13,&nbsp;2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Cooley LLP (included in Exhibit 5.1)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">+</TD>
<TD ALIGN="left" VALIGN="top">Filed Herewith </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: February&nbsp;16, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">XOMA Corporation</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Denis J. Quinlan</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Denis J. Quinlan</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Sr. Corporate Counsel and Corporate Secretary</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" NOWRAP ALIGN="center">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:94.60pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Incorporation&nbsp;by&nbsp;Reference</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:66.80pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Description</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:19.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Form</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:44.25pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>SEC File No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:37.95pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Filing Date</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;3.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certificate of Designation of Preferences, Rights and Limitations of Series X Convertible Preferred Stock</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;4.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Form of Series X Preferred Stock Certificate</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;5.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Cooley LLP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Subscription Agreement, dated February&nbsp;10, 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">424(b)(5)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center"><FONT STYLE="white-space:nowrap">333-201882</FONT></TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">Annex&nbsp;A</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="center">February&nbsp;13,&nbsp;2017</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1+</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Cooley LLP (included in Exhibit 5.1)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">+</TD>
<TD ALIGN="left" VALIGN="top">Filed herewith </TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>d317392dex31.htm
<DESCRIPTION>EX-3.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-3.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 3.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>XOMA CORPORATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFICATE OF DESIGNATION OF PREFERENCES, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RIGHTS AND LIMITATIONS </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SERIES X CONVERTIBLE
PREFERRED STOCK </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PURSUANT TO SECTION 151 OF THE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DELAWARE GENERAL CORPORATION LAW </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>XOMA</B> <B>CORPORATION</B>, a Delaware corporation (the &#147;<B><U>Corporation</U></B>&#148;), in accordance with the provisions of
Section&nbsp;103 of the Delaware General Corporation Law (the &#147;<B><U>DGCL</U></B>&#148;) does hereby certify that, in accordance with Sections 141(c) and 151 of the DGCL, the following resolution was duly adopted by the Board of Directors of
the Corporation by a duly authorized committee thereof on February&nbsp;10, 2017: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>RESOLVED</B>, pursuant to authority expressly set
forth in the Certificate of Incorporation of the Corporation, as amended (the &#147;<B><U>Certificate</U></B><U> </U><B><U>of</U></B><U> </U><B><U>Incorporation</U></B>&#148;), the issuance of a series of Preferred Stock designated as the Series X
Convertible Preferred Stock, par value $0.05 per share, of the Corporation is hereby authorized and the designation, number of shares, powers, preferences, rights, qualifications, limitations and restrictions thereof (in addition to any provisions
set forth in the Certificate of Incorporation, as amended, that are applicable to the Preferred Stock of all classes and series) are hereby fixed, and the Certificate of Designation of Preferences, Rights and Limitations of Series X Convertible
Preferred Stock is hereby approved as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SERIES X CONVERTIBLE PREFERRED STOCK </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;1</U>. <U>Definitions</U>. For the purposes hereof, the following terms shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Affiliate</U></B>&#148; means any Person or entity that, directly or indirectly through one or more intermediaries, controls or is
controlled by or is under common control with a person or entity, as such terms are used in and construed under Rule 144 under the Securities Act. With respect to a Holder, any investment fund or managed account that is managed on a discretionary
basis by the same investment manager as such Holder will be deemed to be an Affiliate of such Holder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Business</U></B><U>
</U><B><U>Day</U></B>&#148; means any day except Saturday, Sunday, any day which shall be a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other
governmental action to close. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Closing</U></B><U> </U><B><U>Sale</U></B><U> </U><B><U>Price</U></B>&#148; means, for any
security as of any date, the last closing trade price for such security prior to 4:00 p.m., New York City time, on the principal securities exchange or trading market where such security is listed or traded, as reported by Bloomberg, L.P. (or an
equivalent, reliable reporting service mutually acceptable to and hereafter designated by Holders of a majority of the then-outstanding Series X Preferred Stock and the Corporation), or if the foregoing do not apply, the last trade price of such
security in the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> market on the electronic bulletin board for such security as reported by Bloomberg, L.P., or, if no last trade price is reported for
such security by Bloomberg, L.P., the average of the bid prices of any market makers for such security as reported on the OTC Pink Market by OTC Markets Group, Inc. If the Closing Sale Price cannot be calculated for a security on a particular date
on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as determined in good faith by the Board of Directors of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Commission</U></B>&#148; means the Securities and Exchange Commission. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Common</U></B><U> </U><B><U>Stock</U></B>&#148; means the Corporation&#146;s common stock, par value $0.0075 per share, and stock
of any other class of securities into which such securities may hereafter be reclassified or changed into. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Common</U></B><U> </U><B><U>Stock</U></B><U> </U><B><U>Equivalents</U></B>&#148;
means any securities of the Corporation or the subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is
at any time convertible into or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Conversion</U></B><U> </U><B><U>Price</U></B>&#148; shall mean $4.03, as adjusted pursuant to paragraph 7 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Conversion</U></B><U> </U><B><U>Shares</U></B>&#148; means, collectively, the shares of Common Stock issuable upon conversion of
the shares of Series X Preferred Stock in accordance with the terms hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Daily</U></B><U> </U><B><U>Failure</U></B><U>
</U><B><U>Amount</U></B>&#148; means the product of (x)&nbsp;.005 multiplied by (y)&nbsp;the Closing Sale Price of the Common Stock on the applicable Share Delivery Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Exchange</U></B><U> </U><B><U>Act</U></B>&#148; means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Holder</U></B>&#148; means any holder of Series X Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Issuance</U></B><U> </U><B><U>Date</U></B>&#148; February&nbsp;15, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Person</U></B>&#148; means any individual or corporation, partnership, trust, incorporated or unincorporated association, joint
venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Securities</U></B><U> </U><B><U>Act</U></B>&#148; means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Stated</U></B><U> </U><B><U>Value</U></B>&#148; shall mean $4,030 per share. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Subscription</U></B><U> </U><B><U>Agreement</U></B>&#148; means that certain Subscription Agreement, dated as of February&nbsp;10,
2017, relating to the offering and sale by the Corporation of shares of Common Stock and the Series X Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><U>Trading</U></B><U> </U><B><U>Day</U></B>&#148; means a day on which the Common Stock is traded for any period on the principal
securities exchange or if the Common Stock is not traded on a principal securities exchange, on a day that the Common Stock is traded on another securities market on which the Common Stock is then being traded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;2</U>. <U>Designation, Amount and Par Value; Assignment</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The series of preferred stock designated by this Certificate of Designation shall be designated as the Corporation&#146;s Series X
Convertible Preferred Stock (the &#147;<B><U>Series</U></B><U> </U><B><U>X</U></B><U> </U><B><U>Preferred</U></B><U> </U><B><U>Stock</U></B>&#148;) and the number of shares so designated shall be 5,003. Each share of Series X Preferred Stock shall
have a par value of $0.05 per share. The Series X Preferred Stock may be issued in certificated form or in book-entry form, as requested by a Holder. To the extent that any shares of Series X Preferred Stock are issued in book-entry form, references
herein to &#147;certificates&#148; shall instead refer to the book-entry notation relating to such shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The Corporation shall
register shares of the Series X Preferred Stock, upon records to be maintained by the Corporation for that purpose (the &#147;<B><U>Series</U></B><U> </U><B><U>X</U></B><U> </U><B><U>Preferred</U></B><U> </U><B><U>Stock</U></B><U>
</U><B><U>Register</U></B>&#148;), in the name of the Holders thereof from time to time. The Corporation may deem and treat the registered Holder of shares of Series X Preferred Stock as the absolute owner thereof for the purpose of any conversion
thereof and for all other purposes. The Corporation shall register the transfer of any shares of Series X Preferred Stock in the Series X Preferred Stock Register, upon surrender of the certificates evidencing such shares to be transferred, duly
endorsed by the Holder thereof, to the Corporation at its address specified herein. Upon any such registration or transfer, a new certificate evidencing the shares of Series X Preferred Stock so transferred shall be issued to the transferee and a
new certificate evidencing the remaining portion of the shares not so transferred, if any, shall be issued to the transferring Holder, in each case, within three Business Days. The provisions of this Certificate of Designation are intended to be for
the benefit of all Holders from time to time and shall be enforceable by any such Holder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;3</U>. <U>Dividends</U>. Holders shall not be entitled to receive
any dividends in respect of the Series X Preferred Stock, except to the extent that dividends are paid on the Corporation&#146;s Common Stock, in which case the Holders of the Series X Preferred Stock shall be entitled to participate in such
dividends, on an <FONT STYLE="white-space:nowrap">as-converted</FONT> basis (without regard to the Beneficial Ownership Limitation). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;4</U>. <U>Voting Rights Amendments</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Except as otherwise provided herein or as otherwise required by the DGCL, the Series X Preferred Stock shall have no voting rights. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding Section 4(a), so long as at least 50% of the authorized shares of Series X Preferred Stock are outstanding, the
Corporation shall not, without the affirmative vote of the Holders of a majority of the then outstanding shares of the Series X Preferred Stock: (a)&nbsp;alter or amend this Certificate of Designation, amend or repeal any provision of, or add any
provision to, the Certificate of Incorporation or bylaws of the Corporation, or file any articles of amendment, certificate of designation, preferences, limitations and relative rights of any series of preferred stock, if such action would adversely
alter or change the preferences, rights, privileges or powers of, or restrictions provided for the benefit of the Series X Preferred Stock, regardless of whether any of the foregoing actions shall be by means of amendment to the Certificate of
Incorporation or by merger, consolidation or otherwise, (b)&nbsp;issue further shares of Series X Preferred Stock or increase or decrease (other than by conversion) the number of authorized shares of Series X Preferred Stock, (c)&nbsp;sell, assign,
monetize, pledge or otherwise divest or encumber the Corporation&#146;s rights under any material license agreement, joint venture or other partnership agreement to which the Corporation is a party and involving any drug or drug candidate (whether
such rights, drugs and/or drug candidates are in existence as of the Issuance Date or subsequently created or acquired), including, but not limited to the &#147;Assets&#148; as such term is defined in the Subscription Agreement, (d)&nbsp;issue or
commit to issue, in any calendar year, any Common Stock, Common Stock Equivalents or other equity securities of the Corporation or securities convertible or exercisable for equity securities of the Corporation (but <I>excluding</I>:
(i)&nbsp;securities issued pursuant to any equity compensation plan(s) approved by a majority vote of the Corporation&#146;s stockholders, (ii)&nbsp;issuances to financial institutions, equipment lessors, licensees, licensors, vendors, service
providers, landlords, brokers or similar entities in connection with commercial credit arrangements, equipment financings, license or partnering arrangements, commercial services, commercial property lease transactions or similar transactions, the
principal purpose of which is other than the raising of capital through the sale of equity securities of the Corporation and the terms of which are approved by the Board of Directors in an aggregate amount not to exceed 20% of the number of shares
of Common Stock issued and outstanding as of December&nbsp;31 of the immediately prior calendar year, and (iii)&nbsp;securities issued in connection with the exercise or conversion of any Common Stock Equivalent that is outstanding as of the
Issuance Date or that is subsequently issued under the exemptions set forth in Section 4(b)(d)(i) and (ii)), (e) issue any equity-based award or compensation (e.g., stock options, restricted stock, restricted stock units and stock-appreciation
rights (whether settled in stock or cash)) to the Corporation&#146;s principal executive officer and/or principal financial officer, except to the extent that such award has been unanimously approved by the Compensation Committee of the Board of
Directors at a time when a designee of a Holder then serves on such committee, or (f)&nbsp;enter into any agreement with respect to any of the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Any vote required or permitted under Section 4(b) may be taken at a meeting of the Holders of the Series X Preferred Stock or through the
execution of an action by written consent in lieu of such meeting, provided that the consent is executed by Holders representing a majority of the outstanding shares of Series X Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;5</U>. <U>Rank; Liquidation</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Series X Preferred Stock shall rank: (i)&nbsp;senior to any class or series of capital stock of the Corporation hereafter created
specifically ranking by its terms junior to any Series X Preferred Stock (&#147;<B><U>Junior</U></B><U> </U><B><U>Securities</U></B>&#148;); (ii)&nbsp;on parity with the Common Stock and any other class or series of capital stock of the Corporation
hereafter created specifically ranking by its terms on parity with the Series X Preferred Stock (the &#147;<B><U>Parity</U></B><U> </U><B><U>Securities</U></B>&#148;); and (iii)&nbsp;junior to any class or series of capital stock of the Corporation
hereafter created specifically ranking by its terms </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
senior to any Series X Preferred Stock (&#147;<B><U>Senior</U></B><U> </U><B><U>Securities</U></B>&#148;), in each case, as to distributions of assets upon liquidation, dissolution or winding up
of the Corporation, whether voluntarily or involuntarily (all such distributions being referred to collectively as &#147;<B><U>Distributions</U></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Subject to the prior and superior rights of the holders of any Senior Securities of the Corporation, upon liquidation, dissolution or
winding up of the Corporation, whether voluntary or involuntary, each Holder of shares of Series X Preferred Stock shall be entitled to receive, in preference to any Distributions of any of the assets or surplus funds of the Corporation to the
holders of the Junior Securities, and pari passu with any Distribution to the holders of the Parity Securities, an equivalent amount of Distributions as would be paid on the Common Stock underlying the Series X Preferred Stock, determined on an <FONT
STYLE="white-space:nowrap">as-converted</FONT> basis (without regard to the Beneficial Ownership Limitation), plus an additional amount equal to any dividends declared but unpaid on such shares, before any payments shall be made or any assets
distributed to holders of any class of Junior Securities. If, upon any such liquidation, dissolution or winding up of the Corporation, the assets of the Corporation shall be insufficient to pay the Holders of shares of the Series X Preferred Stock
the amount required under the preceding sentence, then all remaining assets of the Corporation shall be distributed ratably to Holders of the shares of the Series X Preferred Stock and holders of Parity Securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;6</U>. <U>Conversion</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Conversions at Option of Holder</U>. Each share of Series X Preferred Stock shall be convertible, at any time and from time to time
from and after the Issuance Date, at the option of the Holder thereof, into a number of shares of Common Stock equal to the Conversion Ratio. Holders shall effect conversions by providing the Corporation with the form of conversion notice attached
hereto as <B><U>Annex</U></B><U> </U><B><U>A</U></B> (a &#147;<B><U>Notice</U></B><U> </U><B><U>of</U></B><U> </U><B><U>Conversion</U></B>&#148;), duly completed and executed. Other than a conversion following a Fundamental Transaction or following
a notice provided for under Section&nbsp;7(d)(ii) hereof, the Notice of Conversion must specify at least a number of shares of Series X Preferred Stock to be converted equal to the lesser of (x)&nbsp;100 shares (such number subject to appropriate
adjustment following the occurrence of an event specified in Section&nbsp;7(a) hereof) and (y)&nbsp;the number of shares of Series X Preferred Stock then held by the Holder. Provided the Corporation&#146;s transfer agent is participating in the
Depository Trust Company (&#147;<B><U>DTC</U></B>&#148;) Fast Automated Securities Transfer program, the Notice of Conversion may specify, at the Holder&#146;s election, whether the applicable Conversion Shares shall be credited to the account of
the Holder&#146;s prime broker with DTC through its Deposit Withdrawal Agent Commission system (a &#147;<B><U>DWAC</U></B><U> </U><B><U>Delivery</U></B>&#148;). The &#147;<B><U>Conversion</U></B><U> </U><B><U>Date</U></B>&#148;, or the date on which
a conversion shall be deemed effective, shall be defined as the Trading Day that the Notice of Conversion, completed and executed, is sent by facsimile to, and received during regular business hours by, the Corporation; provided that the original
certificate(s) (if applicable) representing such shares of Series X Preferred Stock being converted, duly endorsed, and the accompanying Notice of Conversion, are received by the Corporation within two (2)&nbsp;Trading Days thereafter. In all other
cases, the Conversion Date shall be defined as the Trading Day on which the original share certificate(s) (if applicable) of Series X Preferred Stock being converted, duly endorsed, and the accompanying Notice of Conversion, are received by the
Corporation. The calculations set forth in the Notice of Conversion shall control in the absence of manifest or mathematical error. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
<U>Conversion Ratio</U>. The &#147;<B><U>Conversion</U></B><U> </U><B><U>Ratio</U></B>&#148; for each share of Series X Preferred Stock shall be equal to the Stated Value divided by the Conversion Price. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Beneficial Ownership Limitation</U>. Notwithstanding anything herein to the contrary, the Corporation shall not effect any conversion
of the Series X Preferred Stock, and a Holder shall not have the right to convert any portion of the Series X Preferred Stock, to the extent that, after giving effect to an attempted conversion set forth on an applicable Notice of Conversion, such
Holder (together with such Holder&#146;s Affiliates, and any other Person whose beneficial ownership of Common Stock would be aggregated with the Holder&#146;s for purposes of Section&nbsp;13(d) or Section&nbsp;16 of the Exchange Act and the
applicable regulations of the Commission, including any &#147;group&#148; of which the Holder is a member (the foregoing, &#147;<B><U>Attribution</U></B><U> </U><B><U>Parties</U></B>&#148;)) would beneficially own a number of shares of Common Stock
in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by such Holder and its Attribution Parties shall include the number of shares of
Common Stock issuable upon conversion of the Series X Preferred Stock subject to the Notice of Conversion with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable upon
(A)&nbsp;conversion of the remaining, unconverted Series X Preferred Stock beneficially owned by such Holder or any of its Attribution Parties, and (B)&nbsp;exercise or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
conversion of the unexercised or unconverted portion of any other securities of the Corporation (including any warrants) beneficially owned by such Holder or any of its Attribution Parties that
are subject to a limitation on conversion or exercise similar to the limitation contained herein. For purposes of this Section&nbsp;6(c), beneficial ownership shall be calculated in accordance with Section&nbsp;13(d) of the Exchange Act and the
applicable regulations of the Commission. In addition, for purposes hereof, &#147;group&#148; has the meaning set forth in Section&nbsp;13(d) of the Exchange Act and the applicable regulations of the Commission. For purposes of this
Section&nbsp;6(c), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as stated in the most recent of the following: (A)&nbsp;the Corporation&#146;s most recent
periodic or annual filing with the Commission, as the case may be, (B)&nbsp;a more recent public announcement by the Corporation that is filed with the Commission, or (C)&nbsp;a more recent notice by the Corporation or the Corporation&#146;s
transfer agent to the Holder setting forth the number of shares of Common Stock then outstanding. Upon the written request of a Holder (which may be by email), the Corporation shall, within three (3)&nbsp;Trading Days thereof, confirm in writing to
such Holder (which may be via email) the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to any actual conversion or exercise of securities of
the Corporation, including shares of Series X Preferred Stock, by such Holder or its Attribution Parties since the date as of which such number of outstanding shares of Common Stock was last publicly reported or confirmed to the Holder. The
&#147;<B><U>Beneficial</U></B><U> </U><B><U>Ownership</U></B><U> </U><B><U>Limitation</U></B>&#148; shall be 19.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock
pursuant to such Notice of Conversion (to the extent permitted pursuant to this Section&nbsp;6(c)), provided that a Holder may, upon providing written notice to the Corporation, elect to increase or decrease the Beneficial Ownership Limitation (not
to exceed the limits under NASDAQ Marketplace Rule 5635(b), to the extent then applicable), with any increase to be effective only after 61 days from delivery of such notice to the Corporation. The Corporation shall be entitled to rely on
representations made to it by the Holder in any Notice of Conversion regarding its Beneficial Ownership Limitation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Mechanics of
Conversion </U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">i. <U>Delivery of Certificate or Electronic Issuance Upon Conversion</U>. Not later than three Trading Days after the
applicable Conversion Date, or if the Holder requests the issuance of physical certificate(s), two Trading Days after receipt by the Corporation of the original certificate(s) representing such shares of Series X Preferred Stock being converted,
duly endorsed, and the accompanying Notice of Conversion (the &#147;<B><U>Share</U></B><U> </U><B><U>Delivery</U></B><U> </U><B><U>Date</U></B>&#148;), the Corporation shall either: (a)&nbsp;deliver, or cause to be delivered, to the converting
Holder a physical certificate or certificates representing the number of Conversion Shares being acquired upon the conversion of shares of Series X Preferred Stock; or (b)&nbsp;in the case of a DWAC Delivery, electronically transfer such Conversion
Shares by crediting the account of the Holder&#146;s prime broker with DTC through its DWAC system. If in the case of any Notice of Conversion such certificate or certificates are not delivered to or as directed by or, in the case of a DWAC
Delivery, such shares are not electronically delivered to or as directed by, the applicable Holder by the Share Delivery Date, the applicable Holder shall be entitled to elect to rescind such Notice of Conversion by written notice to the Corporation
at any time on or before its receipt of such certificate or certificates for Conversion Shares or electronic receipt of such shares, as applicable, in which event the Corporation shall promptly return to such Holder any original Series X Preferred
Stock certificate delivered to the Corporation and such Holder shall promptly return to the Corporation any Common Stock certificates or otherwise direct the return of any shares of Common Stock delivered to the Holder through the DWAC system,
representing the shares of Series X Preferred Stock unsuccessfully tendered for conversion to the Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ii. <U>Obligation
Absolute</U>. Subject to Section&nbsp;6(c) hereof and subject to Holder&#146;s right to rescind a Notice of Conversion pursuant to Section&nbsp;6(d)(i) above, the Corporation&#146;s obligation to issue and deliver the Conversion Shares upon
conversion of Series X Preferred Stock in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by a Holder to enforce the same, any waiver or consent with respect to any provision hereof, the
recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by such Holder or any other Person of any obligation to the
Corporation or any violation or alleged violation of law by such Holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Corporation to such Holder in connection with the issuance of
such Conversion Shares. Subject to Section&nbsp;6(c) hereof and subject to Holder&#146;s right to rescind a Notice of Conversion pursuant to Section&nbsp;6(d)(i) above, in the event a Holder shall elect to convert any or all of its Series X
Preferred Stock, the Corporation may not refuse conversion </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
based on any claim that such Holder or anyone associated or affiliated with such Holder has been engaged in any violation of law, agreement or for any other reason, unless an injunction from a
court, on notice to Holder, restraining and/or enjoining conversion of all or part of the Series X Preferred Stock of such Holder shall have been sought and obtained by the Corporation, and the Corporation posts a surety bond for the benefit of such
Holder in the amount of 150% of the value of the Conversion Shares into which would be converted the Series X Preferred Stock which is subject to such injunction, which bond shall remain in effect until the completion of arbitration/litigation of
the underlying dispute and the proceeds of which shall be payable to such Holder to the extent it obtains judgment. In the absence of such injunction, the Corporation shall, subject to Section&nbsp;6(c) hereof and subject to Holder&#146;s right to
rescind a Notice of Conversion pursuant to Section&nbsp;6(d)(i) above, issue Conversion Shares upon a properly noticed conversion. If the Corporation fails to deliver to a Holder such certificate or certificates, or electronically deliver (or cause
its transfer agent to electronically deliver) such shares in the case of a DWAC Delivery, pursuant to Section&nbsp;6(d)(i) on or prior to the fifth Trading Day after the Share Delivery Date applicable to such conversion (other than a failure caused
by incorrect or incomplete information provided by Holder to the Corporation), then, unless the Holder has rescinded the applicable Notice of Conversion pursuant to Section&nbsp;6(d)(i) above, the Corporation shall pay (as liquidated damages and not
as a penalty) to such Holder an amount payable, at the Corporation&#146;s option, either (a)&nbsp;in cash or (b)&nbsp;to the extent that it would not cause the Holder or its Attribution Parties to exceed the Beneficial Ownership Limitation, in
shares of Common Stock that are valued for these purposes at the Closing Sale Price on the date of such calculation, in each case equal to the product of (x)&nbsp;the number of Conversion Shares required to have been issued by the Corporation on
such Share Delivery Date, (y)&nbsp;an amount equal to the Daily Failure Amount and (z)&nbsp;the number of Trading Days actually lapsed after such fifth Trading Day after the Share Delivery Date during which such certificates have not been delivered,
or, in the case of a DWAC Delivery, such shares have not been electronically delivered; <I>provided,</I> <I>however</I>, the Holder shall only receive up to such amount of shares of Common Stock such that Holder and its Attribution Parties and any
other persons or entities whose beneficial ownership of Common Stock would be aggregated with the Holder&#146;s for purposes of Section&nbsp;13(d) of the Exchange Act (including shares held by any &#147;group&#148; of which the Holder is a member,
but excluding shares beneficially owned by virtue of the ownership of securities or rights to acquire securities that have limitations on the right to convert, exercise or purchase similar to the limitation set forth herein) shall not collectively
beneficially own greater than the Beneficial Ownership Limitation. Nothing herein shall limit a Holder&#146;s right to pursue actual damages for the Corporation&#146;s failure to deliver Conversion Shares within the period specified herein and such
Holder shall have the right to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief; provided that Holder shall not receive duplicate damages for
the Corporation&#146;s failure to deliver Conversion Shares within the period specified herein. The exercise of any such rights shall not prohibit a Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">iii. <U>Compensation for <FONT STYLE="white-space:nowrap">Buy-In</FONT> on Failure to Timely Deliver Certificates Upon Conversion</U>. If
the Corporation fails to deliver to a Holder the applicable certificate or certificates or to effect a DWAC Delivery, as applicable, by the Share Delivery Date pursuant to Section&nbsp;6(d)(i) (other than a failure caused by incorrect or incomplete
information provided by Holder to the Corporation), and if after such Share Delivery Date such Holder is required by its brokerage firm to purchase (in an open market transaction or otherwise), or the Holder&#146;s brokerage firm otherwise
purchases, shares of Common Stock to deliver in satisfaction of a sale by such Holder of the Conversion Shares which such Holder was entitled to receive upon the conversion relating to such Share Delivery Date (a &#147;<B><U><FONT
STYLE="white-space:nowrap">Buy-In</FONT></U></B>&#148;), then the Corporation shall (A)&nbsp;pay in cash to such Holder (in addition to any other remedies available to or elected by such Holder) the amount by which (x)&nbsp;such Holder&#146;s total
purchase price (including any brokerage commissions) for the shares of Common Stock so purchased exceeds (y)&nbsp;the product of (1)&nbsp;the aggregate number of shares of Common Stock that such Holder was entitled to receive from the conversion at
issue multiplied by (2)&nbsp;the actual sale price at which the sell order giving rise to such purchase obligation was executed (including any brokerage commissions) and (B)&nbsp;at the option of such Holder, either reissue (if surrendered) the
shares of Series X Preferred Stock equal to the number of shares of Series X Preferred Stock submitted for conversion or deliver to such Holder the number of shares of Common Stock that would have been issued if the Corporation had timely complied
with its delivery requirements under Section&nbsp;6(d)(i). For example, if a Holder purchases shares of Common Stock having a total purchase price of $11,000 to cover a <FONT STYLE="white-space:nowrap">Buy-In</FONT> with respect to an attempted
conversion of shares of Series X Preferred Stock with respect to which the actual sale price (including any brokerage commissions) giving rise to such purchase obligation was a total of $10,000 under clause (A)&nbsp;of the immediately preceding
sentence, the Corporation shall be required to pay such Holder $1,000. The Holder shall provide the Corporation written notice, within three (3)&nbsp;Trading Days after the occurrence of a <FONT STYLE="white-space:nowrap">Buy-In,</FONT> indicating
the amounts </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
payable to such Holder in respect of such <FONT STYLE="white-space:nowrap">Buy-In</FONT> together with applicable confirmations and other evidence reasonably requested by the Corporation. Nothing
herein shall limit a Holder&#146;s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Corporation&#146;s
failure to timely deliver certificates representing shares of Common Stock upon conversion of the shares of Series X Preferred Stock as required pursuant to the terms hereof; provided, however, that the Holder shall not be entitled to both
(i)&nbsp;require the reissuance of the shares of Series X Preferred Stock submitted for conversion for which such conversion was not timely honored and (ii)&nbsp;receive the number of shares of Common Stock that would have been issued if the
Corporation had timely complied with its delivery requirements under Section&nbsp;6(d)(i). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">iv. <U>Reservation of Shares Issuable Upon
Conversion</U>. The Corporation covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock for the sole purpose of issuance upon conversion of the Series X Preferred Stock, free from
preemptive rights or any other actual contingent purchase rights of Persons other than the Holders of the Series X Preferred Stock, not less than such aggregate number of shares of the Common Stock as shall be issuable (taking into account the
adjustments of Section&nbsp;7) upon the conversion of all outstanding shares of Series X Preferred Stock. The Corporation covenants that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued,
fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">v. <U>Fractional Shares</U>. No fractional shares or scrip
representing fractional shares of Common Stock shall be issued upon the conversion of the Series X Preferred Stock. As to any fraction of a share which a Holder would otherwise be entitled to receive upon such conversion, the Corporation shall pay a
cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">vi. <U>Transfer
Taxes</U>. The issuance of certificates for shares of the Common Stock upon conversion of the Series X Preferred Stock shall be made without charge to any Holder for any documentary stamp or similar taxes that may be payable in respect of the issue
or delivery of such certificates, provided that the Corporation shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such certificate upon conversion in a name other than
that of the registered Holder(s) of such shares of Series X Preferred Stock and the Corporation shall not be required to issue or deliver such certificates unless or until the Person or Persons requesting the issuance thereof shall have paid to the
Corporation the amount of such tax or shall have established to the satisfaction of the Corporation that such tax has been paid. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e)
<U>Status as Stockholder</U>. Upon each Conversion Date, (i)&nbsp;the shares of Series X Preferred Stock being converted shall be deemed converted into shares of Common Stock and (ii)&nbsp;the Holder&#146;s rights as a holder of such converted
shares of Series X Preferred Stock shall cease and terminate, excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a
failure by the Corporation to comply with the terms of this Certificate of Designation. In all cases, the Holder shall retain all of its rights and remedies for the Corporation&#146;s failure to convert Series X Preferred Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;7</U>. <U>Certain Adjustments</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Stock Dividends and Stock Splits</U>. If the Corporation, at any time while this Series X Preferred Stock is outstanding: (A)&nbsp;pays
a stock dividend or otherwise makes a distribution or distributions payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Corporation upon conversion of this Series X Preferred
Stock) with respect to the then outstanding shares of Common Stock; (B)&nbsp;subdivides outstanding shares of Common Stock into a larger number of shares; or (C)&nbsp;combines (including by way of a reverse stock split) outstanding shares of Common
Stock into a smaller number of shares, then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Corporation) outstanding immediately before
such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event (excluding any treasury shares of the Corporation). Any adjustment made pursuant to this Section&nbsp;7(a) shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision or combination. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Fundamental Transaction</U>. If, at any time while this Series X Preferred Stock is
outstanding, (A)&nbsp;the Corporation effects any merger or consolidation of the Corporation with or into another Person or any stock sale to, or other business combination (including, without limitation, a reorganization, recapitalization, <FONT
STYLE="white-space:nowrap">spin-off,</FONT> share exchange or scheme of arrangement) with or into another Person (other than such a transaction in which the Corporation is the surviving or continuing entity and its Common Stock is not exchanged for
or converted into other securities, cash or property), (B)&nbsp;the Corporation effects any sale of all or substantially all of its assets in one transaction or a series of related transactions, (C)&nbsp;any tender offer or exchange offer (whether
by the Corporation or another Person) is completed pursuant to which more than 50% of the Common Stock not held by the Corporation or such Person is exchanged for or converted into other securities, cash or property, or (D)&nbsp;the Corporation
effects any reclassification of the Common Stock or any compulsory share exchange pursuant (other than as a result of a dividend, subdivision or combination covered by Section&nbsp;7(a) above) to which the Common Stock is effectively converted into
or exchanged for other securities, cash or property (in any such case, a &#147;<B><U>Fundamental</U></B><U> </U><B><U>Transaction</U></B>&#148;), then, upon any subsequent conversion of this Series X Preferred Stock the Holders shall have the right
to receive, in lieu of the right to receive Conversion Shares, for each Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction, the same kind and amount of securities,
cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of one share of Common Stock (the
&#147;<B><U>Alternate</U></B><U> </U><B><U>Consideration</U></B>&#148;). For purposes of any such subsequent conversion, the determination of the Conversion Ratio shall be appropriately adjusted to apply to such Alternate Consideration based on the
amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Corporation shall adjust the Conversion Ratio in a reasonable manner reflecting the relative value of any different
components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holders shall be given the same choice as to the Alternate
Consideration it receives upon any conversion of this Series X Preferred Stock following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor to the Corporation or surviving entity in such
Fundamental Transaction shall file a new Certificate of Designation with the same terms and conditions and issue to the Holders new preferred stock consistent with the foregoing provisions and evidencing the Holders&#146; right to convert such
preferred stock into Alternate Consideration. The terms of any agreement to which the Corporation is a party and pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply
with the provisions of this Section&nbsp;7(b) and insuring that this Series X Preferred Stock (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. The Corporation shall
cause to be delivered to each Holder, at its last address as it shall appear upon the stock books of the Corporation, written notice of any Fundamental Transaction at least 20 calendar days prior to the date on which such Fundamental Transaction is
expected to become effective or close. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Calculations</U>. All calculations under this Section&nbsp;7 shall be made to the nearest
cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section&nbsp;7, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock
(excluding any treasury shares of the Corporation) issued and outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Notice to the Holders</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">i. <U>Adjustment to Conversion Price</U>. Whenever the Conversion Price is adjusted pursuant to any provision of this Section&nbsp;7, the
Corporation shall promptly deliver to each Holder a notice setting forth the Conversion Ratio after such adjustment and setting forth a brief statement of the facts requiring such adjustment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">ii. <U>Other Notices</U>. If: (A)&nbsp;the Corporation shall declare a dividend (or any other distribution in whatever form) on the Common
Stock, (B)&nbsp;the Corporation shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C)&nbsp;the Corporation shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe
for or purchase any shares of capital stock of any class or of any rights, (D)&nbsp;the approval of any stockholders of the Corporation shall be required in connection with any reclassification of the Common Stock, any consolidation or merger to
which the Corporation is a party, any sale or transfer of all or substantially all of the assets of the Corporation, or any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property, or (E)&nbsp;the
Corporation shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Corporation, then, in each case, the Corporation shall cause to be filed </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
at each office or agency maintained for the purpose of conversion of this Series X Preferred Stock, and shall cause to be delivered to each Holder at its last address as it shall appear upon the
stock books of the Corporation, at least 20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x)&nbsp;the date on which a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y)&nbsp;the
date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange
their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange, provided that the failure to deliver such notice or any defect therein or in the
delivery thereof shall not affect the validity of the corporate action required to be specified in such notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Section</U><U></U><U>&nbsp;8</U>. <U>Miscellaneous</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Notices</U>. Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without
limitation, any Notice of Conversion, shall be in writing and delivered personally, by facsimile, or sent by a nationally recognized overnight courier service, addressed to the Corporation, at 2910 Seventh Street, Berkeley, California 94710, email:
LegalDept@xoma.com, or such other email address as the Corporation may specify for such purposes by notice to the Holders delivered in accordance with this Section. Any and all notices or other communications or deliveries to be provided by the
Corporation hereunder shall be in writing and delivered personally, by email, or sent by a nationally recognized overnight courier service addressed to each Holder at the email address of such Holder appearing on the books of the Corporation, or if
no such email address appears on the books of the Corporation, at the principal place of business of such Holder. Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i)&nbsp;the date of
transmission, if such notice or communication is delivered via email at the email address specified in this Section prior to 5:30 p.m. (Pacific Time) on any date, (ii)&nbsp;the date immediately following the date of transmission, if such notice or
communication is delivered via email at the email address specified in this Section between 5:30 p.m. and 11:59 p.m. (Pacific Time) on any date, (iii)&nbsp;the second Business Day following the date of mailing, if sent by nationally recognized
overnight courier service, or (iv)&nbsp;upon actual receipt by the party to whom such notice is required to be given. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Lost or
Mutilated Series X Preferred Stock Certificate</U>. If a Holder&#146;s Series X Preferred Stock certificate shall be mutilated, lost, stolen or destroyed, the Corporation shall execute and deliver, in exchange and substitution for and upon
cancellation of a mutilated certificate, or in lieu of or in substitution for a lost, stolen or destroyed certificate, a new certificate for the shares of Series&nbsp;X Preferred Stock so mutilated, lost, stolen or destroyed, but only upon receipt
of evidence of such loss, theft or destruction of such certificate, and of the ownership thereof, reasonably satisfactory to the Corporation and, in each case, customary and reasonable indemnity, if requested. Applicants for a new certificate under
such circumstances shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Corporation may prescribe. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Waiver</U>. Any waiver by the Corporation or a Holder of a breach of any provision of this Certificate of Designation shall not operate
as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Certificate of Designation or a waiver by any other Holders. The failure of the Corporation or a Holder to insist upon strict
adherence to any term of this Certificate of Designation on one or more occasions shall not be considered a waiver or deprive that party (or any other Holder) of the right thereafter to insist upon strict adherence to that term or any other term of
this Certificate of Designation. Any waiver by the Corporation or a Holder must be in writing. Notwithstanding any provision in this Certificate of Designation to the contrary, any provision contained herein and any right of the Holders of Series X
Preferred Stock granted hereunder may be waived as to all shares of Series X Preferred Stock (and the Holders thereof) upon the written consent of the Holders of not less than a majority of the shares of Series X Preferred Stock then outstanding,
unless a higher percentage is required by the DGCL, in which case the written consent of the Holders of not less than such higher percentage shall be required. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <U>Severability</U>. If any provision of this Certificate of Designation is invalid, illegal or unenforceable, the balance of this
Certificate of Designation shall remain in effect, and if any provision is inapplicable to any Person or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
circumstance, it shall nevertheless remain applicable to all other Persons and circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the
applicable law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <U>Next Business Day</U>. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <U>Headings</U>. The headings contained herein are for convenience only, do not
constitute a part of this Certificate of Designation and shall not be deemed to limit or affect any of the provisions hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g)
<U>Status of Converted Series X Preferred Stock</U>. If any shares of Series X Preferred Stock shall be converted or reacquired by the Corporation, such shares shall resume the status of authorized but unissued shares of preferred stock and shall no
longer be designated as Series X Preferred Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">******************** </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IN</B> <B>WITNESS</B> <B>WHEREOF</B>, the undersigned has executed this Certificate of Designation this
12<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of February 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Jim R. Neal</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chief Executive Officer</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNEX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTICE OF CONVERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(TO BE
EXECUTED BY THE REGISTERED HOLDER IN ORDER TO CONVERT SHARES OF SERIES X </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PREFERRED STOCK) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The undersigned Holder hereby irrevocably elects to convert the number of shares of Series X Preferred Stock indicated below, represented by stock certificate
No(s). &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the &#147;<B><U>Preferred</U></B><U> </U><B><U>Stock</U></B><U> </U><B><U>Certificates</U></B>&#148;), into shares of
common stock, par value $0.0075 per share (the &#147;<B><U>Common</U></B><U> </U><B><U>Stock</U></B>&#148;), of XOMA Corporation, a Delaware corporation (the &#147;<B><U>Corporation</U></B>&#148;), as of the date written below. If securities are to
be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto. Capitalized terms utilized but not defined herein shall have the meaning ascribed to such terms in that certain
Certificate of Designation of Preferences, Rights and Limitations of Series X Convertible Preferred Stock (the &#147;<B><U>Certificate</U></B><U> </U><B><U>of</U></B><U> </U><B><U>Designation</U></B>&#148;) filed by the Corporation with the
Secretary of State of the State of Delaware on February&nbsp;15, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of the date hereof, the number of shares of Common Stock beneficially owned by
the undersigned Holder (together with such Holder&#146;s Affiliates, and any other Person whose beneficial ownership of Common Stock would be aggregated with the Holder&#146;s for purposes of Section&nbsp;13(d) or Section&nbsp;16 of the Exchange Act
and the applicable regulations of the Commission, including any &#147;group&#148; of which the Holder is a member (the foregoing, &#147;<B><U>Attribution</U></B><U> </U><B><U>Parties</U></B>&#148;)), including the number of shares of Common Stock
issuable upon conversion of the Series X Preferred Stock subject to this Notice of Conversion, but excluding the number of shares of Common Stock which are issuable upon (A)&nbsp;conversion of the remaining, unconverted Series X Preferred Stock
beneficially owned by such Holder or any of its Attribution Parties, and (B)&nbsp;exercise or conversion of the unexercised or unconverted portion of any other securities of the Corporation (including any warrants) beneficially owned by such Holder
or any of its Attribution Parties that are subject to a limitation on conversion or exercise similar to the limitation contained in Section&nbsp;6(c) of the Certificate of Designation, is &nbsp;&nbsp;&nbsp;&nbsp;%. For purposes hereof, beneficial
ownership shall be calculated in accordance with Section&nbsp;13(d) of the Exchange Act and the applicable regulations of the Commission. In addition, for purposes hereof, &#147;group&#148; has the meaning set forth in Section&nbsp;13(d) of the
Exchange Act and the applicable regulations of the Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Conversion calculations: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date&nbsp;to&nbsp;Effect Conversion: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Number&nbsp;of&nbsp;shares&nbsp;of&nbsp;Series&nbsp;X&nbsp;Preferred&nbsp;Stock&nbsp;owned&nbsp;prior&nbsp;to Conversion: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Number&nbsp;of&nbsp;shares&nbsp;of&nbsp;Series&nbsp;X&nbsp;Preferred&nbsp;Stock&nbsp;to&nbsp;be Converted: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Number&nbsp;of&nbsp;shares&nbsp;of&nbsp;Common&nbsp;Stock&nbsp;to&nbsp;be Issued: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Address&nbsp;for&nbsp;delivery&nbsp;of&nbsp;physical certificates: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>or </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">for&nbsp;DWAC&nbsp;Delivery: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DWAC&nbsp;Instructions: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Broker&nbsp;no: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Account&nbsp;no: </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">HOLDER</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Date:</TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>3
<FILENAME>d317392dex41.htm
<DESCRIPTION>EX-4.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-4.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 4.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SEE RESTRICTIVE LEGENDS ON REVERSE SIDE OF CERTIFICATE </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">PX-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Incorporated Under</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>the Laws of the State of Delaware</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>on December 31, 2011</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>XOMA CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Series X Preferred Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>T<SMALL>HIS</SMALL></B><SMALL></SMALL> <B>C<SMALL>ERTIFIES</SMALL></B><SMALL></SMALL> <B>T<SMALL>HAT</SMALL></B><SMALL></SMALL>
<B>[S<SMALL>TOCKHOLDER</SMALL>]</B> is the record holder of <B>[Number</B> <B>of</B> <B>Shares]</B> <B>(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</B> Shares of Series X Preferred Stock of
<B>XOMA</B> <B>CORPORATION</B>, a Delaware corporation, hereinafter designated &#147;the Corporation,&#148; transferable only upon the books of the Corporation by the holder hereof, in person or by duly authorized attorney, upon surrender of this
Certificate properly endorsed or assigned. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A statement of the rights, preferences, privileges and restrictions granted to or imposed upon
the respective classes or series of shares of stock of the Corporation and upon holders thereof as established by the Certificate of Incorporation, as amended, and the number of shares constituting each series and the designations thereof, may be
obtained by any stockholder upon request and without charge at the principal office of the Corporation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>I<SMALL>N</SMALL></B><SMALL></SMALL> <B>W<SMALL>ITNESS</SMALL></B><SMALL></SMALL>
<B>W<SMALL>HEREOF</SMALL></B><SMALL><B></B></SMALL><B>,</B> the Corporation has caused this Certificate to be signed with the signatures of its duly authorized officers this &nbsp;&nbsp;&nbsp;&nbsp; day of
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp;&nbsp;&nbsp;. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">James R. Neal, President</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Denis J. Quinlan, Secretary</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A STATEMENT OF THE RIGHTS, PREFERENCES, PRIVILEGES AND RESTRICTIONS GRANTED TO OR IMPOSED UPON THE RESPECTIVE
CLASSES OR SERIES OF SHARES OF STOCK OF THE CORPORATION AND UPON HOLDERS THEREOF AS ESTABLISHED BY THE CERTIFICATE OF INCORPORATION OR BY ANY CERTIFICATE OF DESIGNATION OF PREFERENCES, AND THE NUMBER OF SHARES CONSTITUTING EACH SERIES AND THE
DESIGNATIONS THEREOF, MAY BE OBTAINED BY ANY SHAREHOLDER UPON REQUEST AND WITHOUT CHARGE AT THE PRINCIPAL OFFICE OF THE CORPORATION. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>4
<FILENAME>d317392dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g317392logo.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">February&nbsp;16, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">XOMA
Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2910 Seventh Street </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Berkeley, CA 94710 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have acted as counsel to XOMA
Corporation, a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), in connection with the sale of an aggregate of 1,200,000 shares of the Company&#146;s common stock, par value $0.0075 (the &#147;<B><I>Common Stock</I></B>&#148;), and an
aggregate of 5,003 shares of the Company&#146;s preferred stock, par value $0.05 (the &#147;<B><I>Preferred Stock</I></B>&#148; and, together with the Common Stock, the &#147;<B><I>Stock</I></B>&#148;), to be issued pursuant to that certain
Subscription Agreement (the &#147;<B><I>Agreement</I></B>&#148;), dated February&nbsp;10, 2017, between the Company, Biotechnology Value Fund, L.P. (&#147;<B><I>BVF</I></B>&#148;) and funds affiliated with BVF and registered pursuant to Registration
Statement No.&nbsp;333-201882 (the &#147;<B><I>Registration Statement</I></B>&#148;), filed with the Securities and Exchange Commission (the &#147;<B><I>Commission</I></B>&#148;) under the Securities Act of 1933, as amended (the
&#147;<B><I>Act</I></B>&#148;), the prospectus dated February&nbsp;4, 2015 included therein (the &#147;<B><I>Base Prospectus</I></B>&#148;), and the related prospectus supplement dated February&nbsp;10, 2017, filed with the Commission pursuant to
Rule 424(b) of the Rules and Regulations of the Act (together with the Base Prospectus, the &#147;<B><I>Prospectuses</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with
this opinion, we have examined and relied upon the Registration Statement and the Prospectuses, the Company&#146;s Certificate of Incorporation, as amended, the Company&#146;s Bylaws, the Agreement and the originals or copies certified to our
satisfaction of such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below. We have assumed the genuineness and authenticity of all
documents submitted to us as originals, and the conformity to originals of all documents submitted to us as copies; the accuracy, completeness and authenticity of certificates of public officials. As to certain factual matters, we have relied upon a
certificate of an officer of the Company and have not independently sought to verify such matters. Our opinion is expressed only with respect to the General Corporation Law of the State of Delaware. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With regard to our opinion below with respect to securities of the Company to be issued after the date hereof, we express no opinion to the extent that,
notwithstanding its current reservation of shares of the Company&#146;s common stock, future issuances of securities of the Company and/or adjustments to outstanding securities of the Company cause the Preferred Stock to be convertible into more
shares of the Company&#146;s common stock than the number that then remain authorized but unissued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On the basis of the foregoing, and in reliance
thereon, we are of the opinion that (i)&nbsp;the Stock, when sold in accordance with the Agreement, the Registration Statement and the Prospectuses, will be validly issued, fully paid and nonassessable and (ii)&nbsp;the common stock issuable upon
the conversion of the Preferred Stock, when issued upon the conversion of the Preferred Stock in accordance with its terms, will be validly issued, fully paid and nonassessable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> F<SMALL>OLLOWS</SMALL>] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">1114 AVENUE OF THE AMERICAS, NEW YORK, NY 10036-7798&nbsp;&nbsp;T: (212)&nbsp;479-6000&nbsp;&nbsp;F:
(212)&nbsp;479-6275&nbsp;&nbsp;WWW.COOLEY.COM </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g317392logo.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">XOMA Corporation </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page Two
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the reference to our firm under the caption &#147;Legal Matters&#148; in the Prospectuses
included in the Registration Statement and to the filing of this opinion as an exhibit to a current report of the Company on Form 8-K. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Sincerely,</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Cooley LLP</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Jim Fulton</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Jim Fulton</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">1114 AVENUE OF THE
AMERICAS, NEW YORK, NY 10036-7798&nbsp;&nbsp;T: (212) 479-6000&nbsp;&nbsp;F: (212) 479-6275&nbsp;&nbsp;WWW.COOLEY.COM </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g317392logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g317392logo.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ +P"( P$1  (1 0,1 ?_$ *4   (#  ,! 0
M       )!P@* P0& @4!  $%  ,! 0             %!@<("0$"! ,*$
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$A#7_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
