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Quotes & Info
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| VXGN.OB > SEC Filings for VXGN.OB > Form 8-K on 10-Oct-2008 | All Recent SEC Filings |
10-Oct-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Note Repurchase Agreement
On October 8, 2008, VaxGen, Inc. ("VaxGen") entered into a Note Repurchase Agreement with Quattro Fund, Ltd. (the "Quattro Agreement"), whereby VaxGen agreed to repurchase its 5 1/2% convertible senior subordinated notes due April 2010 ("Notes").
Pursuant to the Quattro Agreement, VaxGen agreed to repurchase its Notes in the principal amount of $3,000,000 at a purchase price of $2,460,000, plus accrued interest of $4,124.97, based on an assumed settlement date of October 10, 2008.
The transaction described above was initiated by the noteholder and was not the result of any solicitation by or on behalf of VaxGen. VaxGen has not initiated any broader effort to repurchase or restructure its remaining Notes.
The Quattro Agreement is attached to this report as Exhibit 10.1. The foregoing description is qualified in its entirety by reference to the full text of the Quattro Agreement.
Exhibit
Number Description
10.1 Note Repurchase Agreement, dated October 8, 2008, by and between
VaxGen, Inc. and Quattro Fund, Ltd.
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