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(Logo) VERSICOR Versicor Inc.
33 Locke Drive, Marlborough, MA 01752
Tel 506.481.6700 Fax 508.460.7664
PROMISSORY NOTE
Marlborough, Massachusetts $100,000
April 24, 1996
1. FOR VALUE RECEIVED, the undersigned Dinesh V. Patel and Rajeshvari D.
Patel (jointly and severally, "Patel") unconditionally promise to pay to
the order of Versicor Inc. ("Versicor") at 33 Locke Drive, Marlborough,
Massachusetts (or at such other address as the holder of this Note may
designate by notice to Patel), the sum of One Hundred Thousand Dollars
($100,000) with interest from the date hereof at 5%.
2. This Note plus Interest shall be due and payable in full on April 24,
2001; upon termination of Dinesh V. Patel's employment with Versicor for
any reason; or upon sale of Patel's residence at 45109 Cougar Circle,
Fremont, CA 94539, whichever comes first.
3. This Note shall be secured by a deed of trust on Patel's residence at
45109 Cougar Circle, Fremont, CA 94539.
4. Patel agrees to pay all reasonable costs of collection this Note if
payments are not paid when due. If legal action is necessary to enforce
or collect this Note, such costs shall include, without limitation,
reasonable attorney's fees. Interest shall accrue on all past due
payments at the rate of 10% per annum or the highest rate permitted by
law if lower.
5. This Note shall be governed by and construed in accordance with the
internal laws of the commonwealth of Massachusetts. Patel consents to
personal jurisdiction in any court in Worcester County, Massachusetts.
/s/ Dinesh V. Patel /s/ Rajeshvari D. Patel
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Dinesh V. Patel Rajeshvari D. Patel
