Common Contracts

2 similar Term Note contracts by Avalon Pharmaceuticals Inc, Clinical Data Inc

FORM OF TERM NOTE
Term Note • October 31st, 2008 • Clinical Data Inc • Laboratory analytical instruments • New York

For Value Received, the undersigned Avalon Pharmaceuticals, Inc., a Delaware corporation (the “Seller”) promises to pay to the order of Clinical Data, Inc. (the “Buyer”), or its assigns, in lawful money of the United States of America and in immediately available funds, the principal sum of Three Million Dollars ($3,000,000), together with interest thereon as set out herein, at its offices or such other place as Buyer may designate in writing or wire transfer as set forth in Section 3.2 below.

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FORM OF TERM NOTE
Term Note • October 30th, 2008 • Avalon Pharmaceuticals Inc • Pharmaceutical preparations • New York

For Value Received, the undersigned Avalon Pharmaceuticals, Inc., a Delaware corporation (the “Seller”) promises to pay to the order of Clinical Data, Inc. (the “Buyer”), or its assigns, in lawful money of the United States of America and in immediately available funds, the principal sum of Three Million Dollars ($3,000,000), together with interest thereon as set out herein, at its offices or such other place as Buyer may designate in writing or wire transfer as set forth in Section 3.2 below.

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