SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 20th, 2006 • Avicena Group, Inc. • Medicinal chemicals & botanical products • Delaware
THIS SECURITIES PURCHASE AGREEMENT (the “Agreement”), is made and entered into as of [ ], 2006, by and between Avicena Group, Inc., a Delaware corporation (the “Company”), and the undersigned prospective investor (the “Investor”) who is purchasing the Company’s units, each unit (“Unit(s)”) comprised of (i) one share of the Company’s Series A Convertible Preferred Stock, par value $0.001 per share (the “Preferred Stock”), having the rights, privileges, preferences and restrictions set forth in the Certificate of Designations of the Company, in substantially the form attached hereto as Exhibit A, and (ii) a warrant (“Warrant(s)”) to purchase 0.5 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in substantially the form attached hereto as Exhibit B.
