WARRANT AND REPURCHASE AGREEMENTWarrant and Repurchase Agreement • April 30th, 2004 • Polydex Pharmaceuticals LTD/Bahamas • Pharmaceutical preparations • Missouri
FOR VALUE RECEIVED, Sparhawk Laboratories, Inc., a Missouri corporation (the “Company”), hereby grants to Chemdex, Inc., a Kansas corporation (the “Purchaser”) (the Purchaser is also referred to herein as the “Holder”), the right to purchase from the Company sixty-nine (69) units of the Warrant Equity, subject to adjustment as provided below, at a price per unit of $1.00 (as adjusted from time to time hereunder, the “Exercise Price”). This Warrant and Repurchase Agreement (the “Warrant”) is issued pursuant to an Investor Representation Letter, dated as of March 4, 2004 (the “Purchase Agreement”), between the Company and the Purchaser.
