Joinder Agreement by and between Informax, Inc. and Gene Fund, LP (September 8, 2000)

Summary

This agreement adds Gene Fund, LP as a new non-preferred holder under Informax, Inc.'s existing Non-Preferred Holder Rights Agreement. By signing, Gene Fund, LP agrees to be bound by all terms and conditions of the original agreement, as if it were an original party. This joinder is a condition of Gene Fund, LP's purchase of non-voting common stock from several individuals. All other terms of the original agreement remain unchanged and in effect for all parties.

EX-10.24 7 0007.txt EXHIBIT 10.24 JOINDER AGREEMENT This Joinder Agreement (the "JOINDER") is entered into as of September 8, 2000 by and between GENE FUND, LP (the "NEW NON-PREFERRED HOLDER") and INFORMAX, INC., a Delaware corporation (the "COMPANY"). WHEREAS, the non-preferred holders of the Company who are listed on the signature pages of the Non-Preferred Holder Rights Agreement (collectively, the "NON-PREFERRED HOLDERS") and the Company, are parties to that certain Non-Preferred Holder Rights Agreement dated March 29, 2000 (the "NON-PREFERRED AGREEMENT"); WHEREAS, pursuant to Stock Purchase Agreements dated September 8, 2000 by and between the New Non-Preferred Holder and James Bernstein, Jack Talmadge, Vadim Babenko, Timothy Sullivan, Joseph Lehnen, Sergei Egorov, and James Dickey, the New Non-Preferred Holder acquired shares of non-voting common stock of the Company (the "STOCK PURCHASE AGREEMENTS"); and WHEREAS, a condition to the obligations of the parties under the Stock Purchase Agreement is that the New Non-Preferred Holder becomes a party to the Non-Preferred Agreement concurrently with the execution and delivery of the Stock Purchase Agreements. NOW, THEREFORE, in consideration of the premises, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the New Non-Preferred Holder and the Company hereby agree as follows: 1. The New Non-Preferred Holder is hereby made a party to the Non-Preferred Agreement as a "Non-Preferred Holder" in accordance with Section 4.11 thereunder, and the New Non-Preferred Holder hereby agrees to be bound by all the terms and conditions of the Non-Preferred Agreement as a "Non-Preferred Holder" thereunder. The terms and conditions of the Non-Preferred Agreement shall apply to the shares of common stock acquired pursuant to the Stock Purchase Agreement. 2. The New Non-Preferred Holder represents and warrants to the Company and the other Non-Preferred Holders that the New Non-Preferred Holder: (a) has reviewed the Joinder and the Non-Preferred Agreement (as attached hereto) in their entireties, and fully understands all provisions of the Joinder and the Non-Preferred Agreement, and (b) in accordance with the terms of the Non-Preferred Agreement the New Non-Preferred Holder has become a Non-Preferred Holder under the Non-Preferred Agreement and is bound by all the terms and conditions of the Non-Preferred Agreement with the same effect as though the New Non-Preferred Holder was a subscribing party to the Non-Preferred Agreement. 3. All references in the Non-Preferred Agreement to "Non-Preferred Holder" or "Non-Preferred Holders" shall be deemed to include the New Non-Preferred Holder. 4. All of the terms and conditions of the Non-Preferred Agreement are unmodified and shall continue in full force and effect and shall be binding upon the parties hereto and their respective assigns in accordance with the terms thereof. 5. This Joinder may be executed (including by facsimile) in one or more counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] - 2 - IN WITNESS WHEREOF, the parties hereto have executed this Joinder as of the date first above written. COMPANY INFORMAX, INC. By: /s/ Alex Titomirov ----------------------------- Name: Alex Titomirov Title: CEO/Chairman NEW NONPREFERRED HOLDER GENE FUND, LP By: /s/ William F. Snider ----------------------------- Name: Title: