+ADw-html xmlns:v+AD0AIg-urn:schemas-microsoft-com:vml+ACI-
xmlns:o+AD0AIg-urn:schemas-microsoft-com:office:office+ACI-
xmlns:w+AD0AIg-urn:schemas-microsoft-com:office:word+ACI-
xmlns+AD0AIg-http://www.w3.org/TR/REC-html40+ACIAPg- +ADw-head+AD4-
+ADw-meta http-equiv+AD0-Content-Type content+AD0AIg-text/html+ADs-
charset+AD0-utf-7+ACIAPg- +ADw-meta name+AD0-ProgId
content+AD0-Word.Document+AD4- +ADw-meta name+AD0-Generator
content+AD0AIg-Microsoft Word 11+ACIAPg- +ADw-meta
name+AD0-Originator content+AD0AIg-Microsoft Word 11+ACIAPg-
+ADw-link rel+AD0-File-List
href+AD0AIg-a05-11548+AF8-1ex10d1.htm+AF8-2101+AF8-files/filelist.xml+ACIAPg-
+ADw-link rel+AD0-Edit-Time-Data
href+AD0AIg-a05-11548+AF8-1ex10d1.htm+AF8-2101+AF8-files/editdata.mso+ACIAPg-
+ADwAIQ---+AFs-if +ACE-mso+AF0APg- +ADw-style+AD4- v+AFw-:+ACo-
+AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- o+AFw-:+ACo-
+AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- w+AFw-:+ACo-
+AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- .shape
+AHs-behavior:url(+ACM-default+ACM-VML)+ADsAfQ- +ADw-/style+AD4-
+ADwAIQBb-endif+AF0---+AD4- +ADw-title+AD4-Exhibit
10+ADw-/title+AD4- +ADwAIQ---+AFs-if gte mso 9+AF0APgA8-xml+AD4-
+ADw-o:DocumentProperties+AD4-
+ADw-o:Author+AD4-PTISYS+ADw-/o:Author+AD4-
+ADw-o:LastAuthor+AD4-PTI+ADw-/o:LastAuthor+AD4-
+ADw-o:Revision+AD4-2+ADw-/o:Revision+AD4-
+ADw-o:TotalTime+AD4-0+ADw-/o:TotalTime+AD4-
+ADw-o:Created+AD4-2005-12-21T06:20:00Z+ADw-/o:Created+AD4-
+ADw-o:LastSaved+AD4-2005-12-21T06:20:00Z+ADw-/o:LastSaved+AD4-
+ADw-o:Pages+AD4-1+ADw-/o:Pages+AD4-
+ADw-o:Words+AD4-5071+ADw-/o:Words+AD4-
+ADw-o:Characters+AD4-28911+ADw-/o:Characters+AD4-
+ADw-o:Company+AD4-Practice Technologies, Inc.+ADw-/o:Company+AD4-
+ADw-o:Lines+AD4-240+ADw-/o:Lines+AD4-
+ADw-o:Paragraphs+AD4-67+ADw-/o:Paragraphs+AD4-
+ADw-o:CharactersWithSpaces+AD4-33915+ADw-/o:CharactersWithSpaces+AD4-
+ADw-o:Version+AD4-11.6568+ADw-/o:Version+AD4-
+ADw-/o:DocumentProperties+AD4-
+ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso
9+AF0APgA8-xml+AD4- +ADw-w:WordDocument+AD4-
+ADw-w:ValidateAgainstSchemas/+AD4-
+ADw-w:SaveIfXMLInvalid+AD4-false+ADw-/w:SaveIfXMLInvalid+AD4-
+ADw-w:IgnoreMixedContent+AD4-false+ADw-/w:IgnoreMixedContent+AD4-
+ADw-w:AlwaysShowPlaceholderText+AD4-false+ADw-/w:AlwaysShowPlaceholderText+AD4-
+ADw-w:BrowserLevel+AD4-MicrosoftInternetExplorer4+ADw-/w:BrowserLevel+AD4-
+ADw-/w:WordDocument+AD4-
+ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4APAAh---+AFs-if gte mso
9+AF0APgA8-xml+AD4- +ADw-w:LatentStyles
DefLockedState+AD0AIg-false+ACI-
LatentStyleCount+AD0AIg-156+ACIAPg- +ADw-/w:LatentStyles+AD4-
+ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-style+AD4- +ADwAIQ---
/+ACo- Style Definitions +ACo-/ p.MsoNormal, li.MsoNormal,
div.MsoNormal +AHs-mso-style-parent:+ACIAIgA7- margin:0in+ADs-
margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs-
font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw-
mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- h3
+AHs-mso-margin-top-alt:auto+ADs- margin-right:0in+ADs-
mso-margin-bottom-alt:auto+ADs- margin-left:0in+ADs-
mso-pagination:widow-orphan+ADs- mso-outline-level:3+ADs-
font-size:13.5pt+ADs- font-family:+ACI-Times New Roman+ACIAOw-
font-weight:bold+ADsAfQ- h4 +AHs-mso-margin-top-alt:auto+ADs-
margin-right:0in+ADs- mso-margin-bottom-alt:auto+ADs-
margin-left:0in+ADs- mso-pagination:widow-orphan+ADs-
mso-outline-level:4+ADs- font-size:12.0pt+ADs-
font-family:+ACI-Times New Roman+ACIAOw- font-weight:bold+ADsAfQ- p
+AHs-mso-margin-top-alt:auto+ADs- margin-right:0in+ADs-
mso-margin-bottom-alt:auto+ADs- margin-left:0in+ADs-
mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs-
font-family:+ACI-Times New Roman+ACIAOw-
mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- +AEA-page
Section1 +AHs-size:8.5in 11.0in+ADs- margin:1.0in 1.25in 1.0in
1.25in+ADs- mso-header-margin:.5in+ADs- mso-footer-margin:.5in+ADs-
mso-paper-source:0+ADsAfQ- div.Section1 +AHs-page:Section1+ADsAfQ-
--+AD4- +ADw-/style+AD4- +ADwAIQ---+AFs-if gte mso 10+AF0APg-
+ADw-style+AD4- /+ACo- Style Definitions +ACo-/
table.MsoNormalTable +AHs-mso-style-name:+ACI-Table Normal+ACIAOw-
mso-tstyle-rowband-size:0+ADs- mso-tstyle-colband-size:0+ADs-
mso-style-noshow:yes+ADs- mso-style-parent:+ACIAIgA7-
mso-padding-alt:0in 5.4pt 0in 5.4pt+ADs- mso-para-margin:0in+ADs-
mso-para-margin-bottom:.0001pt+ADs-
mso-pagination:widow-orphan+ADs- font-size:10.0pt+ADs-
font-family:+ACI-Times New Roman+ACIAOw-
mso-ansi-language:+ACM-0400+ADs-
mso-fareast-language:+ACM-0400+ADs-
mso-bidi-language:+ACM-0400+ADsAfQ- +ADw-/style+AD4-
+ADwAIQBb-endif+AF0---+AD4- +ADw-/head+AD4- +ADw-body
lang+AD0-EN-US style+AD0-'tab-interval:.5in'+AD4- +ADw-div
class+AD0-Section1+AD4- +ADw-div+AD4- +ADw-p align+AD0-right
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:right'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Exhibit
10.1+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-CONVERTIBLE NOTE REPURCHASE
AGREEMENT+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-u+AD4APA-o:p+AD4APA-/o:p+AD4APA-/u+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-THIS CONVERTIBLE NOTE REPURCHASE
AGREEMENT+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- (the
+IBwAPA-u+AD4-Agreement+ADw-/u+AD4gHQ-), dated as of
June+ACY-nbsp+ADs-24, 2005, is made and entered into by and between
Elan Pharma International Limited, a private limited company
organized under the laws of Ireland (the
+IBwAPA-u+AD4-Seller+ADw-/u+AD4gHQ-), and
Depomed,+ACY-nbsp+ADs-Inc., a California corporation (the
+IBwAPA-u+AD4-Purchaser+ADw-/u+AD4gHQ-).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-WHEREAS,
+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-the Seller is the owner of that
certain Depomed,+ACY-nbsp+ADs-Inc. Convertible Promissory Note in
aggregate principal amount of +ACQ-8,010,000.00 issued by Purchaser
to Elan International Services,+ACY-nbsp+ADs-Inc., an affiliate of
Seller, on January+ACY-nbsp+ADs-21, 2000 (the
+IBwAPA-u+AD4-Convertible Note+ADw-/u+AD4gHQ-), a true and complete
copy of which is attached hereto as
+ADw-u+AD4-Exhibit+ACY-nbsp+ADs-A+ADw-/u+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-WHEREAS,+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- the Seller desires to sell to the
Purchaser and the Purchaser desires to repurchase from the Seller
the Convertible
Note.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-NOW,
THEREFORE,+ADw-/span+AD4APA-/b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- in consideration of the premises
and of the respective representations, warranties, covenants,
agreements and conditions contained herein, the Purchaser and the
Seller agree as
follows:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-1.+ACY-nbsp+ADs-
+ADw-u+AD4-Definitions+ADw-/u+AD4-.+ACY-nbsp+ADs- As used in this
Agreement, the following terms shall have the meanings set forth
below:+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHAA8-u+AD4-Convertible
Note+ADw-/u+AD4gHQ- has the meaning set forth in the recitals
hereto.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4gHAA8-u+AD4-Purchase
Price+ADw-/u+AD4gHQ- means
+ACQ-9,100,000.00.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-2.+ACY-nbsp+ADs- +ADw-u+AD4-Purchase and
Sale of the Convertible Note+ADs-
Closing+ADw-/u+AD4-.+ACY-nbsp+ADs- The Purchaser and the Seller
agree as follows:+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-Repurchase
and Sale of the Convertible Note+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:
normal'+AD4-.+ACY-nbsp+ADs- On the basis of the representations and
warranties, and subject to the terms and conditions, set forth
herein, (i)+ACY-nbsp+ADs-the Seller agrees to sell to the Purchaser
the Convertible Note, and (ii)+ACY-nbsp+ADs-the Purchaser agrees to
repurchase from the Seller the Convertible
Note.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(b)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-Closing+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-.+ACY-nbsp+ADs-
The closing (the +IBwAPA-u+AD4-Closing+ADw-/u+AD4gHQ-) of the
purchase and sale of the Convertible Note shall take place at
2:00+ACY-nbsp+ADs-p.m. on Monday, June+ACY-nbsp+ADs-27, 2005 (the
+IBwAPA-u+AD4-Closing Date+ADw-/u+AD4gHQ-) at the offices of Heller
Ehrman LLP, Times Square Tower, 7 Times Square, New
York,+ACY-nbsp+ADs-NY+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-,+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4- or at such
other time and place as the parties hereto shall mutually
agree.+ACY-nbsp+ADs- At the Closing, (i)+ACY-nbsp+ADs-the Seller
shall deliver to the Purchaser the originally executed Convertible
Note and such other appropriate instruments of transfer and
assignment, as the Purchaser shall reasonably request prior to the
Closing Date, in order to vest in the Purchaser, as of the Closing
Date, all of the Seller+IBk-s right, title and interest in, to and
under the Convertible Note, and (ii)+ACY-nbsp+ADs-the Purchaser
shall deliver or cause to be delivered to the Seller by wire
transfer to a bank account designated by the Seller, the Purchase
Price in immediately available
funds.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(c)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-Conversion
Price+ADs- Principal and Accrued
Interest+ADw-/span+AD4APA-/u+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-.+ACY-nbsp+ADs- The Purchaser and the
Seller acknowledge and agree that (i), as of June+ACY-nbsp+ADs-22,
2005, the Conversion Price
applicable+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-to the
Convertible Note is +ACQ-7.30 and (ii), as of
March+ACY-nbsp+ADs-31, 2005, the aggregate amount of principal and
interest accrued thereon under the Convertible Note was
+ACQ-10,504,635.01.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-3.+ACY-nbsp+ADs- +ADw-u+AD4-Conditions to
the Purchaser+IBk-s Obligation+ADw-/u+AD4-.+ACY-nbsp+ADs- The
obligation of the Purchaser to purchase and pay for the Convertible
Note is subject to the satisfaction (or waiver by Purchaser) of the
following condition as of the Closing Date:+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-the
representations and warranties of the Seller made in this Agreement
shall be true and correct in all respects, as of the date hereof
and as of the Closing Date as though then made+ADs-
and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(b)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-Seller
shall have delivered the Convertible Note to the
Purchaser.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-4.+ACY-nbsp+ADs- +ADw-u+AD4-Conditions to
the Seller+IBk-s Obligation+ADw-/u+AD4-.+ACY-nbsp+ADs- The
obligation of the Seller to sell and deliver the Convertible Note
to the Purchaser is subject to the satisfaction (or waiver by the
Seller) of the following conditions as of the Closing
Date:+ADw-/span+AD4APA-span style+AD0-'font-weight:
normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4- +ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-the
representations and warranties of the Purchaser made in this
Agreement shall be true and correct in all respects, as of the date
hereof and as of the Closing Date as though then made+ADs-
and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(b)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-the
Purchaser shall have delivered to the Seller the Purchase
Price.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-5.+ACY-nbsp+ADs- +ADw-u+AD4-Representations
and Warranties of Purchaser+ADw-/u+AD4-.+ACY-nbsp+ADs- The
Purchaser represents and warrants to the Seller
that:+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-The
Purchaser has all requisite corporate power and authority to enter
into and perform this Agreement and to consummate the transactions
contemplated hereby.+ACY-nbsp+ADs- The Purchaser has duly and
validly authorized, executed and delivered this
Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(b)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-This
Agreement constitutes a valid and binding agreement of the
Purchaser, enforceable against the Purchaser in accordance with its
terms, except as enforceability may be limited by
(i)+ACY-nbsp+ADs-applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or other similar laws relating to
or affecting creditors+IBk- rights generally and
(ii)+ACY-nbsp+ADs-general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity
or at law).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-6.+ACY-nbsp+ADs- +ADw-u+AD4-Representations
and Warranties of the Seller+ADw-/u+AD4-.+ACY-nbsp+ADs- The Seller
represents and warrants to the Purchaser
that:+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-The Seller
has all requisite corporate power and authority to enter into and
perform this Agreement and to consummate the transactions
contemplated hereby.+ACY-nbsp+ADs- The Seller has duly and validly
authorized, executed and delivered this
Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(b)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-This
Agreement constitutes a valid and binding agreement of the Seller,
enforceable against the Seller in accordance with its terms, except
as enforceability may be limited by (i)+ACY-nbsp+ADs-applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance or other similar laws relating to or affecting
creditors+IBk- rights
generally+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-2+ADw-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-and
(ii)+ACY-nbsp+ADs-general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity
or at law).+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(c)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-No consent,
approval, qualification, order or authorization of, or filing with,
any local, state or federal governmental authority is required for
the consummation by the Seller of the transactions contemplated
hereby.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(d)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-The Seller
has good and marketable title to the Convertible Note that it is
transferring hereunder, free and clear of any liens, claims,
encumbrances, charges or restrictions of any kind (collectively,
+IBwAPA-u+AD4-Liens+ADw-/u+AD4gHQ-).+ACY-nbsp+ADs- Upon
consummation of the transactions contemplated hereby, the Purchaser
will have acquired good and marketable title in and to the
Convertible Note, free and clear of any
Liens.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-7.+ACY-nbsp+ADs- +ADw-u+AD4-Applicable
Law+ADw-/u+AD4-.+ACY-nbsp+ADs- This agreement shall be governed by
and construed in accordance with the laws of the State of
California.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-8.+ACY-nbsp+ADs- +ADw-u+AD4-Invalidity of
Provisions+ADw-/u+AD4-.+ACY-nbsp+ADs- The invalidity or
unenforceability of any provision of this Agreement in any
jurisdiction shall not affect the validity or enforceability of the
remainder of this Agreement in that jurisdiction or the validity or
enforceability of this Agreement, including that provision, in any
other jurisdiction.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-9.+ACY-nbsp+ADs- +ADw-u+AD4-Survival of
Representations and Warranties+ADw-/u+AD4-.+ACY-nbsp+ADs- The
representations and warranties contained herein shall survive the
Closing or any termination of this Agreement.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-10.+ACY-nbsp+ADs- +ADw-u+AD4-Headings+ADs-
Execution in Counterparts+ADw-/u+AD4-.+ACY-nbsp+ADs- The headings
and captions contained herein are for convenience of reference only
and shall not control or affect the meaning or construction of any
provision hereof.+ACY-nbsp+ADs- This Agreement may be executed in
counterparts, each of which shall be deemed to be an original and
which together shall constitute but one and the same
instrument.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-11.+ACY-nbsp+ADs-
+ADw-u+AD4-Notices+ADw-/u+AD4-.+ACY-nbsp+ADs- All notices and other
communications relating to this Agreement shall be dated and in
writing and shall be deemed to have been duly given when delivered,
if delivered personally or sent by registered or certified mail,
return receipt requested, postage prepaid, and when received if
delivered otherwise, to the party to whom it is
directed+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-(a)+ADw-/span+AD4APA-span
style+AD0-'font-size:3.0pt+ADs-font-weight:normal'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs-
+ADw-/span+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-font-weight:normal'+AD4-If to the
Seller, to the Seller at the following
address:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4- +ADw-h4
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:49.7pt'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h4+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Elan Pharma International
Limited+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-WIL House+ADw-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4-+ADw-span
style+AD0-'font-size:10.0pt'+AD4-Shannon Business
Park+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Shannon+ADw-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-County
Clare+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Ireland+ADw-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Attn.:
Director+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Fax:
+350-1-709-4082+ADw-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-3+ADw-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-If to the Purchaser, to the
Purchaser at the following address:+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Depomed,+ACY-nbsp+ADs-Inc.+ADw-br+AD4-
1360 O+IBk-Brien Drive+ADw-br+AD4- Menlo Park, CA+ACY-nbsp+ADs-
94025-1436+ADw-br+AD4- Attn:+ACY-nbsp+ADs- President+ADw-br+AD4-
Fax:+ACY-nbsp+ADs- 650-462-9991+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-With a copy
to:+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Heller Ehrman
LLP+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-275 Middlefield
Road+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Menlo Park, CA
94025+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Attn: Matthew
Gosling+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Fax:
650-324-0628+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:1.5in+ADs-
margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-12.+ACY-nbsp+ADs-
+ADw-u+AD4-Integration+ADw-/u+AD4-.+ACY-nbsp+ADs- The parties agree
that this Agreement contains the entire understanding between the
parties hereto relating to the subject matter
hereof.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-13.+ACY-nbsp+ADs- +ADw-u+AD4-Third Party
Beneficiaries+ADw-/u+AD4-.+ACY-nbsp+ADs- Nothing expressed or
implied in this Agreement is intended or shall be construed to
confer upon or give to any third party any rights or remedies
against any party hereto.+ADw-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4-14.+ACY-nbsp+ADs- +ADw-u+AD4-Further
Assurances+ADw-/u+AD4-.+ACY-nbsp+ADs- Each of the parties hereto
covenants and agrees upon the request of the other, to do, execute,
acknowledge and deliver or cause to be done, executed, acknowledged
and delivered all such further acts, deeds, documents, assignments,
transfers, conveyances, powers of attorney and assurances as may be
reasonably necessary or desirable to give full effect to this
Agreement.+ADw-/span+AD4APA-span style+AD0-'font-weight:
normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4- +ADw-h3
style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:0in+ADs-margin-left:.5in+ADs-
margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt+ADs-
font-weight:normal'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span
style+AD0-'font-weight:normal'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/h3+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AWw-Signature
Page+ACY-nbsp+ADs-Follows+AF0APA-/span+AD4APA-/p+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-4+ADw-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-IN WITNESS WHEREOF, the Purchaser
and the Seller have executed this Agreement as of the date first
above written.+ADw-/span+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes'+AD4- +ADw-td
width+AD0AIg-57+ACUAIg- valign+AD0-top
style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-42+ACUAIg- colspan+AD0-4
valign+AD0-top style+AD0-'width:42.62+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-ELAN PHARMA INTERNATIONAL
LIMITED+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4-
+ADw-tr style+AD0-'mso-yfti-irow:1'+AD4- +ADw-td
width+AD0AIg-57+ACUAIg- valign+AD0-top
style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-42+ACUAIg- colspan+AD0-4
valign+AD0-top style+AD0-'width:42.62+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:2'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-42+ACUAIg- colspan+AD0-4
valign+AD0-top style+AD0-'width:42.62+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:3'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-2+ACUAIg- valign+AD0-top
style+AD0-'width:2.96+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-By:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-21+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:21.32+ACUAOw-border:none+ADs-
border-bottom:solid windowtext 1.0pt+ADs-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-/s/ Paul V.
Breen+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:4'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Name:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.36+ACUAOw-border:none+ADs-border-bottom: solid
windowtext 1.0pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Paul V.
Breen+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:5'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Title:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.36+ACUAOw-border:none+ADs-border-bottom: solid
windowtext 1.0pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Director+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:6'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-36+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:36.7+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:7'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-36+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:36.7+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:8'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-42+ACUAIg- colspan+AD0-4
valign+AD0-top style+AD0-'width:42.62+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-DEPOMED,
INC.+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:9'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-36+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:36.7+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:10'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-36+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:36.7+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:11'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-2+ACUAIg- valign+AD0-top
style+AD0-'width:2.96+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-By:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-21+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:21.32+ACUAOw-border:none+ADs-
border-bottom:solid windowtext 1.0pt+ADs-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-/s/ John F.
Hamilton+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:12'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Name:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.36+ACUAOw-border:none+ADs-border-bottom: solid
windowtext 1.0pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4-+ADw-span
style+AD0-'font-size:10.0pt'+AD4-John F.
Hamilton+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:13'+AD4- +ADw-td width+AD0AIg-57+ACUAIg-
valign+AD0-top style+AD0-'width:57.38+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-5+ACUAIg- colspan+AD0-2
valign+AD0-top style+AD0-'width:5.92+ACUAOw-padding:0in 0in 0in
0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Title:+ADw-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.36+ACUAOw-border:none+ADs-border-bottom: solid
windowtext 1.0pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-VP and
CFO+ADw-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td
width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.34+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:14+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td
width+AD0-429 style+AD0-'width:321.75pt+ADs-padding:0in 0in 0in
0in'+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:.5pt+ADs-mso-bidi-font-size:12.0pt'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0-22
style+AD0-'width:16.5pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:.5pt+ADs-mso-bidi-font-size:12.0pt'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0-22
style+AD0-'width:16.5pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:.5pt+ADs-mso-bidi-font-size:12.0pt'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0-137
style+AD0-'width:102.75pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:.5pt+ADs-mso-bidi-font-size:12.0pt'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0-137
style+AD0-'width:102.75pt+ADs-padding:0in 0in 0in 0in'+AD4- +ADw-p
class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:.5pt+ADs-mso-bidi-font-size:12.0pt'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-/tr+AD4- +ADw-/table+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-5+ADw-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Exhibit+ACY-nbsp+ADs-A+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4-
+ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-u+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-Convertible
Note+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-div+AD4- +ADw-div class+AD0-MsoNormal+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4- +ADw-hr size+AD0-2
width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-left+AD4-
+ADw-/span+AD4APA-/div+AD4- +ADw-/div+AD4- +ADw-span
style+AD0-'font-size:12.0pt+ADs-font-family:+ACI-Times New
Roman+ACIAOw-mso-fareast-font-family: +ACI-Times New
Roman+ACIAOw-mso-ansi-language:EN-US+ADs-mso-fareast-language:EN-US+ADs-
mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all
style+AD0-'page-break-before:always'+AD4- +ADw-/span+AD4- +ADw-p
align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-THIS CONVERTIBLE PROMISSORY NOTE
AND THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
AND MAY+ACY-nbsp+ADs-NOT UNDER ANY CIRCUMSTANCES BE SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS, OR
AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION
IS NOT REQUIRED UNDER SUCH ACT OR APPLICABLE STATE SECURITIES
LAWS.+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-THE TRANSFER OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE IS ALSO SUBJECT TO THE RESTRICTIONS
CONTAINED IN THAT CERTAIN SECURITIES PURCHASE AGREEMENT, DATED
JANUARY+ACY-nbsp+ADsAJg-nbsp+ADs-21, 2000, BY AND BETWEEN DEPOMED,
INC. AND ELAN INTERNATIONAL SERVICES,
LTD.+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-DEPOMED,
INC.+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-CONVERTIBLE PROMISSORY
NOTE+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p align+AD0-center
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center'+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/p+AD4-
+ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0
cellpadding+AD0-0 width+AD0AIg-100+ACUAIg-
style+AD0-'width:100.0+ACUAOw-border-collapse:collapse+ADs-mso-padding-alt:0in
0in 0in 0in'+AD4- +ADw-tr
style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes'+AD4- +ADw-td
width+AD0AIg-51+ACUAIg- valign+AD0-top
style+AD0-'width:51.74+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:10.0pt'+AD4-U.S.
+ACQ-8,010,000+ADw-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4-
+ADw-td width+AD0AIg-29+ACUAIg- valign+AD0-bottom
style+AD0-'width:29.1+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4APA-span
style+AD0-'font-size:1.0pt'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-/p+AD4-
+ADw-/td+AD4- +ADw-td width+AD0AIg-18+ACUAIg- valign+AD0-top
style+AD0-'width:18.08+ACUAOw-padding:0in 0in 0in 0in'+AD4- +ADw-p
style+AD0-'margin:0in+ADs-margin-bottom:.0001pt'+AD4APA-b+AD4
|
