EXHIBIT 10.20
AMENDMENT TO STAND-BY PURCHASE AGREEMENT
BioTime, Inc., a California corporation (the "Company"), each of the
undersigned Participating Debenture Holders have entered into a Standby Purchase
Agreement, dated October 2, 2003 (the "Agreement"). Unless otherwise defined,
capitalized terms used in this Amendment have the same meaning ascribed in the
Agreement. The Company has filed the Registration Statement contemplated by the
Agreement. The staff of the Securities and Exchange Commission has advised the
Company that they are unable to determine that Xxxxxx Xxxxxxx would be acting
within the safe harbor from registration as a broker-dealer under Rule 3a4-1.
Accordingly, the parties agree to that Xxxxxx Xxxxxxx hereby withdraws as a
Participating Debenture Holder, and Schedule I of the Agreement is amended as
attached.
Dated: December 3, 2003 BIOTIME, INC.
By: /s/Xxxxxx Xxxxxx
----------------
Xxxxxx Xxxxxx, Vice President
PARTICIPATING DEBENTURE
HOLDERS:
/s/Xxxxxx X. Xxxxxxx
-------------------
Xxxxxx X. Xxxxxxxx
/s/Xxxxxx Xxxxxxxxx
-------------------
Xxxxxx Xxxxxxxxx
Xxxxx Brothers, L.P.
By /s/Xxxx Xxxxx
-------------
Xxxx Xxxxx , General Partner
/s/Xxxxxx Xxxxxxx
-----------------
Xxxxxx Xxxxxxx, Trustee
Camco Tactical Return Partners, LP
By Broadwood Capital, Inc., General Partner
By /s/Xxxx X. Xxxxxxxx
-------------------
Xxxx X. Xxxxxxxx, President
SCHEDULE I
PARTICIPATING DEBENTURE HOLDERS PURCHASE COMMITMENTS
NAME AND ADDRESS PURCHASE COMMITMENT
---------------- -------------------
Xxxxxx X. Xxxxxxxx $ 818,182
000 X. 00xx Xxxxxx
Xxxxx 0000
Xxx Xxxx, XX 00000
FAX: (000) 000-0000
Xxxxxx Xxxxxxxxx $ 272,727
00 Xxxxxx Xxxx
Xxx Xxxx, Xxx Xxxx 00000
FAX: (000) 000-0000
Camco Tactical Return Partners, L.P. $ 272,727
c/o Broadwood Capital, Inc.
000 Xxxxx Xxxxxx, 00xx Xx
Xxx Xxxx, XX 00000
Xxxxx Brothers, L.P. $ 136,364
000 Xxxx 00xx Xx.
Xxx Xxxx, XX 00000
Total: $1,500,000
