0001169232-06-002968 Sample Contracts

SHARE PURCHASE AGREEMENT
Share Purchase Agreement • July 6th, 2006 • Vaxgen Inc • Pharmaceutical preparations

THIS SHARE PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of June 29, 2006 (Korean Standard Time), by and between VaxGen, Inc., a Delaware corporation (the “Company”), on the one hand, and Nexol Co., Ltd., a Korean corporation (“Nexol”), Nexol Biotech Co., Ltd., a Korean corporation (“Nexol Bio”), Nexol Venture Capital Co., Ltd., a Korean corporation (“Nexol Venture”), on the other hand. Each of Nexol, Nexol Bio and Nexol Venture is an “Initial Purchaser” and together are the “Initial Purchasers” and each of the Company, Nexol, Nexol Bio and Nexol Venture is a “Party” and together are the “Parties”.

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