Common use of Purchase of Equity; Participation Right Clause in Contracts

Purchase of Equity; Participation Right. In partial consideration of the rights granted by Enanta to Xxxxxx hereunder, Xxxxxx agrees to purchase from Enanta, and Enanta hereby agrees to issue and sell to Xxxxxx, shares of Series G Preferred Stock, $.001 par value per share (the “Shares”), of Enanta for an aggregate purchase price of Twelve Million Five Hundred Thousand Dollars (US $12,500,000). Xxxxxx shall be obligated to make such payment to Enanta on the Approval Date. Such payment is payable by wire transfer of immediately available funds on the first business day following the Approval Date and pursuant to the terms and subject to the conditions set forth in the Stock Purchase Agreement attached hereto as Exhibit B (the “Stock Purchase Agreement”).