Exhibit 1
PROCTER & ▇▇▇▇▇▇ PHARMACEUTICALS, INC. "Seller") ▇▇▇▇▇▇ agrees to
sell to [▇▇▇▇▇'S NAME] ("Buyer"), and ▇▇▇▇▇ agrees to buy from Seller,
[number of shares] shares of Common Stock of REGENERON PHARMACEUTICALS, INC.
(the "Issuer") at $20 per share, or [dollar amount] in the aggregate.
▇▇▇▇▇▇ agrees that on November 29, 2001, Seller will deliver or cause to be
delivered to Buyer at [▇▇▇▇▇'s Address], a certificate or certificates for
such shares, duly endorsed for transfer to Buyer or with an accompanying
stock power or powers in customary form, against payment by Buyer of the
purchase price therefor by wire transfer in immediately available funds to
Seller at [bank account] for the account of The Procter & ▇▇▇▇▇▇ Company on
November 29, 2001.
Seller represents that Seller is not, and has not been during the
preceding three months, an "affiliate" of the Issuer, as such term is
defined in Rule 144 under the Securities Act of 1933, and that such shares
may be sold at this time by Seller under such Rule 144 without limitation
on the amount of securities sold or the manner of sale.
IN WITNESS WHEREOF, ▇▇▇▇▇ and Seller have signed this agreement on
November 21, 2001.
PROCTER & ▇▇▇▇▇▇ PHARMACEUTICALS, INC.
By
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[BUYER]
By /s/ ▇.▇. ▇▇▇▇▇▇▇
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