EXHIBIT 10.54

 

Form of

Amendment No. 1 to

Warrant to Purchase Common Stock

of

ARRAY BIOPHARMA INC.

 

Reference is made to the Warrant to Purchase Common Stock (Warrant No.  ) (the
“Warrant”) issued on                          by Array BioPharma Inc., a
Delaware corporation (the “Company”), to                         , which Warrant
is exercisable for up to                                shares of Common Stock.
Effective as of the date set forth below, the Company hereby agrees to extend
the Term (as defined in the Warrant) of the Warrant to end at 5:00 p.m., New
York City time on June 30, 2016.

 

The undersigned has executed this Amendment No. 1 to Warrant to Purchase Common
Stock to be effective as of the 3rd day of May 2011.

 

 

ARRAY BIOPHARMA INC.

 

 

 

 

 

 

By:

 

 

 

 

R. Michael Carruthers

 

 

 

Chief Financial Officer

 

 

 

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Schedule 1 to Exhibit 10.53

 

The following warrants issued by Array BioPharma Inc. have been amended pursuant
to the terms of the foregoing form of Amendment No. 1 to Warrant to extend the
period during which the holder may exercise the warrants to June 30, 2016.

 

Holder

 

Number of
Warrant Shares

 

Date of Issuance

 

Exercise Price

 

 

 

 

 

 

 

 

 

Deerfield Partners, L.P.

 

383,000

 

May 15, 2009

 

$

3.65

 

 

 

 

 

 

 

 

 

Deerfield International Limited

 

617,000

 

May 15, 2009

 

$

3.65

 

 

 

 

 

 

 

 

 

Deerfield Private Design Fund, L.P.

 

1,915,000

 

May 15, 2009

 

$

3.65

 

 

 

 

 

 

 

 

 

Deerfield Private Design International, L.P.

 

3,085,000

 

May 15, 2009

 

$

3.65

 

 

 

 

 

 

 

 

 

Deerfield Partners, L.P.

 

383,000

 

July 31, 2009

 

$

4.19

 

 

 

 

 

 

 

 

 

Deerfield International Limited

 

617,000

 

July 31, 2009

 

$

4.19

 

 

 

 

 

 

 

 

 

Deerfield Private Design Fund, L.P.

 

1,915,000

 

July 31, 2009

 

$

4.19

 

 

 

 

 

 

 

 

 

Deerfield Private Design International, L.P.

 

3,085,000

 

July 31, 2009

 

$

4.19

 

 

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