EXHIBIT 10.1

 

STOCK PURCHASE AGREEMENT

 

This agreement is dated June     , 2003 between                  (“Purchaser”),
and Dendreon Corporation, a Delaware corporation (“Company”).

 

1. Purchase and Sale. Purchaser agrees to buy and the Company agrees, subject to
approval of its board of directors, to sell and issue to Purchaser
                 shares of the Company’s common stock (the “Shares”) at a price
of $7.00 per share, for an aggregate purchase price of $                  (the
“Purchase Price”).

 

2. Registered Offering. The offer and sale of the Shares have been registered on
a Form S-3 registration statement, Registration No. 333-102351 (“Registration
Statement”), which Registration Statement has been declared effective by the
Securities and Exchange Commission. When issued against payment therefore, the
Shares will be free of any resale restrictions and the certificates representing
the Shares will not contain any restrictive legends. The Company shall deliver
to Purchaser the prospectus that constitutes a part of the Registration
Statement and a prospectus supplement regarding the sale of the Shares pursuant
hereto.

 

3. Purchaser’s Due Diligence. Purchaser has reviewed the Registration Statement,
including the exhibits thereto and all documents incorporated by reference
therein. Purchaser acknowledges that Purchaser has been given the opportunity to
ask questions of, and receive answers from, the Company’s officers concerning
the Company, its business, results, and financial condition, and to obtain any
additional information Purchaser needs in making a decision to invest in the
Company. Purchaser further acknowledges that all of Purchaser’s questions have
been answered to Purchaser’s satisfaction, and all information and documents
pertaining to Purchaser’s investment that Purchaser has requested have been made
available.

 

4. Purchaser’s Representation and Covenant. Purchaser represents that neither it
nor any affiliate with respect to which it exercises investment power currently
has a short position in the common stock of the Company. Purchaser covenants
that neither it nor any affiliate with respect to which it exercises investment
power will engage in short sales or other hedging transactions relating to the
common stock of the Company prior to September 24, 2003.

 

5. Payment. On June     , 2003, Purchaser shall wire the Purchase Price to the
Company in accordance with the wire transfer instructions that Dendreon shall
provide in writing. Following board approval of the sale and confirmation of
receipt of the Purchase Price, the Company shall cause its transfer agent to
transmit the Shares electronically to Purchaser by crediting the account set
forth below through the Deposit Withdrawal Agent Commission (DWAC) system.

 

                                                                           

 

                                                                           

 

                                                                           

 

 

--------------------------------------------------------------------------------

6. Counterparts. This Agreement may be executed in two or more counterparts, all
of which shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the
other party. This Agreement, once executed by a party, may be delivered to the
other party hereto by facsimile transmission of a copy of this Agreement bearing
the signature of the party so delivering this Agreement.

 

7. Entire Agreement. This Agreement contains the entire understanding of the
parties with respect to the matters covered herein and, except as specifically
set forth herein, neither the Company nor the Purchaser make any representation,
warranty, covenant or undertaking with respect to such matters. No provision of
this Agreement may be amended other than by an instrument in writing signed by
the Company and Purchaser.

 

AGREED AND ACCEPTED:

 

COMPANY: DENDREON CORPORATION

 

By:

 

--------------------------------------------------------------------------------

Name:

Title:

 

Mitchell H. Gold

Chief Executive Officer

 

PURCHASER:

 

--------------------------------------------------------------------------------

By:

 

--------------------------------------------------------------------------------

Name:  

--------------------------------------------------------------------------------

Title:  

--------------------------------------------------------------------------------

Address:  

--------------------------------------------------------------------------------

   

--------------------------------------------------------------------------------

   

--------------------------------------------------------------------------------

 

 

 

 

2