Exhibit 10.07
SECOND AMENDMENT TO AGREEMENT
SECOND AMENDMENT TO AGREEMENT(the "Amendment"), between ZymeTx, Inc.
(the "Company") and the investors identified on the signature pages hereto (the
"Investors").
WHEREAS, on October 13, 2000, the Company and the Investors entered
into a certain Registration Rights Agreement (the "RRA"); and
WHEREAS, on October 13, 2000, the Company issued to the Investors $2
million in aggregate principal amount of the Company's 5% Senior Convertible
Debentures Due October 12, 2002 (the "Debentures"); and
WHEREAS, on November 19, 2001, the Company and the Investors entered
into an agreement (the "Agreement") not to enforce certain rights of redemption
under the RRA and the Debentures, with effect as of August 21, 2001;
WHEREAS, on December 17, 2001, the Company and the Investors agreed to
amend Section 2.4 of the Agreement, to provide that the Company shall have until
December 24 to prepare and file the registration statement provided for therein;
and
WHEREAS, the Company and the Investors now agree to further amend
Section 2.4 of the Agreement, to provide that the Company shall have until
December 28 to prepare and file the registration statement provided for therein.
THEREFORE, in consideration of the premises and mutual agreements
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby duly acknowledged, the Company and the Investors
agree as follows:
ARTICLE I
Section 2.4 shall be replaced in its entirety by the following:
Section 2.4 New Registration Statement. ZymeTx shall prepare and file
by December 28, 2001 a registration statement covering an additional
6,581,582 shares of Common Stock underlying the Debentures and the New
Warrants. Any failure of the Company to do so shall be deemed an
Interfering Event for purposes of the RRA. After filing, the Company
shall use its best efforts to have that registration statement declared
effective by the Securities and Exchange Commission as soon as
possible.
IN WITNESS WHEREOF, this Agreement is hereby executed and delivered by
the duly authorized officers of the parties signing below.
ZYMETX, INC.
By: /s/ Xxxxxx X. Xxxxxx
---------------------------------
Xxxxxx X. Xxxxxx
Chief Executive Officer
Date: December 21, 2001
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PALLADIN OPPORTUNITY FUND, LLC.
By: Palladin Asset Management, L.L.C.
Managing Member
By: /s/ Xxxxxx Xxxxxxx
---------------------------------
Xxxxxx Xxxxxxx
Managing Member
Date: December 21, 2001
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HALIFAX FUND, L.P.
By: The Palladin Group, L.P.
Attorney-in-Fact
By: Palladin Capital Management, LLC
General Partner
By: /s/ Xxxxxx Xxxxxxx
---------------------------------
Xxxxxx Xxxxxxx
Managing Member
Date: December 21, 2001
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