STOCK PURCHASE AGREEMENT
DATED DECEMBER 1, 2000
BY AND BETWEEN
AVANT IMMUNOTHERAPEUTICS, INC.
AND
PFIZER INC
1
TABLE OF CONTENTS
Page
1. DEFINITIONS...............................................................4
2. PURCHASE AND SALE; PURCHASE PRICE.........................................5
2.1 Sale and Purchase of the Shares....................................5
2.2 Closing............................................................6
3. REPRESENTATIONS, WARRANTIES, COVENANTS, ETC. OF PFIZER....................6
7. CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL...........................13
8. CONDITIONS TO PFIZER'S OBLIGATION TO PURCHASE............................14
9. INDEMNIFICATION..........................................................15
10. MISCELLANEOUS............................................................16
10.1 Governing Law.....................................................16
10.2 Headings..........................................................16
3.1 Due Authorization..................................................6
3.2 Non-Contravention..................................................6
3.3 Own Account........................................................7
3.4 Legend.............................................................7
3.5 Financial Experience...............................................7
3.6 Brokers and Finders................................................7
4. REPRESENTATIONS, WARRANTIES, COVENANTS, ETC. OF THE COMPANY...............7
4.1 Organization and Authority.........................................7
4.2 Enforceability.....................................................8
4.3 Capitalization.....................................................8
4.4 Authorization of the Shares........................................8
4.5 Non-contravention..................................................8
4.6 Consents and Approvals..................