Common Contracts

2 similar null contracts by Accentia Biopharmaceuticals Inc, Biovest International Inc

SUBORDINATED CONVERTIBLE PROMISSORY NOTE
Biovest International Inc • May 2nd, 2006 • Pharmaceutical preparations

FOR VALUE RECEIVED, BIOVAX, INC., A Florida corporation (the “Borrower”), promises to pay to the order of TELESIS CDE TWO, LLC, a Delaware limited liability company (or its successors and assigns) (the “Lender”), in lawful money of the United States Of America in immediately available funds or common stock, as provided in Section 2 hereof, at such location as the Lender may designate from time to time, the principal sum of Eleven Million Five Hundred Thousand And 00/100 Dollars ($11,500,000.00), together with interest accruing on the outstanding principal balance from the date hereof, all as provided herein. Capitalized terms not otherwise defined herein shall have the meanings set forth in, and the interpretations applicable thereto, the Convertible Loan Agreement of even date herewith between the Borrower and the Lender (as amended and modified from time to time in accordance with its terms, the “Loan Agreement”).

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SUBORDINATED CONVERTIBLE PROMISSORY NOTE
Accentia Biopharmaceuticals Inc • May 2nd, 2006 • Pharmaceutical preparations

FOR VALUE RECEIVED, BIOVAX, INC., A Florida corporation (the “Borrower”), promises to pay to the order of TELESIS CDE TWO, LLC, a Delaware limited liability company (or its successors and assigns) (the “Lender”), in lawful money of the United States Of America in immediately available funds or common stock, as provided in Section 2 hereof, at such location as the Lender may designate from time to time, the principal sum of Eleven Million Five Hundred Thousand And 00/100 Dollars ($11,500,000.00), together with interest accruing on the outstanding principal balance from the date hereof, all as provided herein. Capitalized terms not otherwise defined herein shall have the meanings set forth in, and the interpretations applicable thereto, the Convertible Loan Agreement of even date herewith between the Borrower and the Lender (as amended and modified from time to time in accordance with its terms, the “Loan Agreement”).

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