0001104659-09-058185 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • October 8th, 2009 • ARYx Therapeutics, Inc. • Pharmaceutical preparations • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of October 6, 2009, is by and between ARYx Therapeutics, Inc., a Delaware corporation (the “Company”), and Commerce Court Small Cap Value Fund, Ltd., a business company incorporated under the laws of the British Virgin Islands (the “Investor”).

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COMMON STOCK PURCHASE AGREEMENT
Common Stock Purchase Agreement • October 8th, 2009 • ARYx Therapeutics, Inc. • Pharmaceutical preparations • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of October 6, 2009, is by and between ARYx Therapeutics, Inc., a Delaware corporation (the “Company”), and Commerce Court Small Cap Value Fund, Ltd., a business company incorporated under the laws of the British Virgin Islands (the “Investor”).

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