**Exhibit 10.23**

**SUBSIDIARY GUARANTEE**

THIS SUBSIDIARY GUARANTEE, dated asof November 17, 2010 (this “Guarantee”), is made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the holders(together with their permitted assigns, the “Holders”) of the 8.50% Secured Convertible Debentures Due November 17, 2013 (collectively, the “Debentures”) of Accentia Biopharmaceuticals, Inc., a Floridacorporation (the “Company”). 

**W I T N E S S E T H:**

WHEREAS, the Holders are existing secured creditors of the Company; 

WHEREAS, pursuant to the Plan (as defined below), the Company has issued the Debentures to the Holders; and 

WHEREAS, the Plan provides that each Guarantor shall execute and deliver to Holders a guarantee of the obligations of theCompany pursuant to the Debentures. 

NOW, THEREFORE, in consideration of the extension of credit by theHolders, each Guarantor hereby agrees with the Holders as follows: 

1. Definitions. Defined terms notdefined herein shall have the meanings set forth in the Debentures. The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import when used in this Guarantee shall refer to this Guaranteeas a whole and not to any particular provision of this Guarantee, and Section and Schedule references are to this Guarantee unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular andplural forms of such terms. The following terms shall have the following meanings: 

“Bankruptcy Case” means, collectively, the cases of the Company and its Subsidiariespending before the Bankruptcy Court under Chapter 11 of the Bankruptcy Code, and jointly administered under Case No. 8:08-bk-17795-KRM. 

“Bankruptcy Code” means title 11 of the United States Code, 11 U.S.C. §§ 101 etseq.

“Bankruptcy Court” means the United States Bankruptcy Court for the Middle District ofFlorida, Tampa Division. 

“Guarantee” means this Subsidiary Guarantee, as thesame may be amended, supplemented or otherwise modified from time to time. 

“Lien” means a lien, charge, pledge, security interest, encumbrance, right of firstrefusal, preemptive right or other restriction. 

“Obligations” means, in addition to allother costs and expenses of collection incurred by the Holders in enforcing any of such Obligations and/or this Guarantee, all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several) due or to become due,or that are now or may be hereafter contracted or acquired, or owing, of the Company or any Guarantor to the Holders, including, without limitation, all obligations under this Guarantee, the Debentures and any other instruments, agreements or otherdocuments executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter existing, voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owedwith others, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoidedor recovered directly or indirectly from any of the Holders as a preference, fraudulent transfer or otherwise, as such obligations may be amended, supplemented, converted, extended or modified from time to time. Without limiting the generality ofthe foregoing, the term “Obligations” shall include, without limitation: (i) principal of and interest on the Debentures and the loans extended pursuant thereto; (ii) any and all other fees, indemnities, costs, obligations andliabilities of the Company or any Guarantor from time to time under or in connection with this Guarantee, the Debentures and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith; and(iii) all amounts (including but not limited to post-petition interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay such amounts are unenforceable or not allowable due to the existence of abankruptcy, reorganization or similar proceeding involving the Company or any Guarantor. 

“Plan” means the First Amended Joint Plan of Reorganization of AccentiaBiopharmaceuticals, Inc., Analytica International, Inc., TEAMM Pharmaceuticals, Inc., AccentRx, Inc., and Accentia Specialty Pharmacy, Inc. under Chapter 11 of Title 11, United States Code dated as of August 16, 2010, as modified by the FirstModification to First Amended Joint Plan of Reorganization of Accentia Biopharmaceuticals, Inc., Analytica International, Inc., TEAMM Pharmaceuticals, Inc., AccentRx, Inc., and Accentia Specialty Pharmacy, Inc. under Chapter 11 of Title 11, UnitedStates Code dated as of October 25, 2010 and as further modified from time to time, as filed in the Bankruptcy Case. 

“Security Agreement” means that certain Security Agreement of even date herewith by and among the Company and the Holders. 

2. Guarantee. 

(a) Guarantee. 

(i) The Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantee to theHolders and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance when 

 
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due (whether at the stated maturity, by acceleration or otherwise) of the Obligations. 

(ii) Anything herein or in the Debentures or the Security Agreement to the contrary notwithstanding, the maximum liability of each Guarantor hereunder shall in no event exceed the amount which can beguaranteed by such Guarantor under applicable federal and state laws, including laws relating to the insolvency of debtors, fraudulent conveyance or transfer or laws affecting the rights of creditors generally (after giving effect to the right ofcontribution established in Section 2(b)). 

(iii) Each Guarantor agrees that theObligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Holders hereunder.

(iv) The guarantee contained in this Section 2 shall remain in full force and effectuntil all the Obligations and the obligations of each Guarantor under the guarantee contained in this Section 2 shall have been satisfied by indefeasible payment in full. 

(v) No payment made by the Company, any of the Guarantors, any other guarantor or any other Person (asdefined in the Debentures) or received or collected by the Holders from the Company, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time orfrom time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made bysuch Guarantor in respect of the Obligations or any payment received or collected from such Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations areindefeasibly paid in full. 

(vi) Notwithstanding anything to the contrary in this Guarantee,with respect to any defaulted non-monetary Obligations the specific performance of which by the Guarantors is not reasonably possible, the Guarantors shall only be liable for making the Holders whole on a monetary basis for the Company’sfailure to perform such Obligations in accordance with the Debentures and the Security Agreement. 

(b) Right of Contribution. Subject to Section 2(c), each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment madehereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be

 
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subject to the terms and conditions of Section 2(c). The provisions of this Section 2(b) shall in no respect limit the obligations and liabilities of any Guarantor to the Holders andeach Guarantor shall remain liable to the Holders for the full amount guaranteed by such Guarantor hereunder. 

(c) No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor by the Holders, no Guarantor shall be entitled to besubrogated to any of the rights of the Holders against the Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Holders for the payment of the Obligations, nor shall any Guarantor seek or be entitledto seek any contribution or reimbursement from the Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Holders by the Company on account of the Obligations are indefeasibly paid infull. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Holders, segregated fromother funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Holders in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Holders, if required), to be applied against theObligations, whether matured or unmatured, in such order as the Holders may determine. 

(d)Amendments, Etc. With Respect to the Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, anydemand for payment of any of the Obligations made by the Holders may be rescinded by the Holders and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral securityor guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Holders, and any documents executedand delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Holders may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by theHolders for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. The Holders shall have no obligation to protect, secure, perfect or insure any Lien at any time held by them as security for the Obligations or forthe guarantee contained in this Section 2 or any property subject thereto. 

(e)Guarantee Absolute and Unconditional. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the Obligations and notice of or proof of reliance by the Holders upon the guarantee contained in thisSection 2 or acceptance of the guarantee contained in this Section 2; the Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance uponthe guarantee contained in this Section 2; and all dealings between the Company and any of the Guarantors, on the one hand, and the Holders, on the other hand, likewise shall be conclusively presumed to

 
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have been had or consummated in reliance upon the guarantee contained in this Section 2. Each Guarantor waives, to the extent permitted by law, diligence, presentment, protest, demand forpayment and notice of default or nonpayment to or upon the Company or any of the Guarantors with respect to the Obligations. Each Guarantor understands and agrees that the guarantee contained in this Section 2 shall be construed as acontinuing, absolute and unconditional guarantee of payment and performance without regard to (a) the validity or enforceability of any of the Obligations or any other collateral security therefor or guarantee or right of offset with respectthereto at any time or from time to time held by the Holders, (b) any defense, set-off or counterclaim (other than a defense of payment or performance or fraud by the Holders) which may at any time be available to or be asserted by the Companyor any other Person against the Holders, or (c) any other circumstance whatsoever (with or without notice to or knowledge of the Company or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal dischargeof the Company for the Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder againstany Guarantor, the Holders may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as they may have against the Company, any other Guarantor or any other Person or against any collateralsecurity or guarantee for the Obligations or any right of offset with respect thereto, and any failure by the Holders to make any such demand, to pursue such other rights or remedies or to collect any payments from the Company, any other Guarantoror any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Company, any other Guarantor or any other Person or any such collateral security, guarantee or right ofoffset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Holders against any Guarantor. For thepurposes hereof, “demand” shall include the commencement and continuance of any legal proceedings. 

(f) Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of theObligations is rescinded or must otherwise be restored or returned by the Holders upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or any Guarantor, or upon or as a result of the appointment of a receiver,intervenor or conservator of, or trustee or similar officer for, the Company or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 

(g) Payments. Each Guarantor hereby guarantees that payments hereunder will be paid to the Holderswithout set-off or counterclaim in U.S. dollars at the address set forth or referred to in the Security Agreement. 

3. Representations and Warranties. Each Guarantor hereby makes the following representations and warranties to the Holders as of the date hereof: 

 
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(a) Organization and Qualification. The Guarantor isa corporation, duly incorporated, validly existing and in good standing under the laws of the applicable jurisdiction set forth on Schedule 1 attached hereto, with the requisite corporate power and authority to own and use its properties andassets and to carry on its business as currently conducted. The Guarantor has no subsidiaries. The Guarantor is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction in which the nature of the businessconducted or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, could not, individually or in the aggregate, (x) adversely affect the legality, validityor enforceability of any of this Guarantee in any material respect, (y) have a material adverse effect on the results of operations, assets, prospects, or financial condition of the Guarantor or (z) adversely impair in any material respectthe Guarantor’s ability to perform fully on a timely basis its obligations under this Guarantee (a “Material Adverse Effect”). 

(b) Authorization; Enforcement. The Guarantor has the requisite corporate power and authority toenter into and to consummate the transactions contemplated by this Guarantee, and otherwise to carry out its obligations hereunder. The execution and delivery of this Guarantee by the Guarantor and the consummation by it of the transactionscontemplated hereby have been duly authorized by all requisite corporate action on the part of the Guarantor. This Guarantee has been duly executed and delivered by the Guarantor and constitutes the valid and binding obligation of the Guarantorenforceable against the Guarantor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally theenforcement of, creditors’ rights and remedies or by other equitable principles of general application. 

(c) No Conflicts. The execution, delivery and performance of this Guarantee by the Guarantor and the consummation by the Guarantor of the transactions contemplated hereby do not and will not(i) conflict with or violate any provision of its Articles of Incorporation or Bylaws or (ii) conflict with, constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others anyrights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Guarantor is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment, injunction, decree orother restriction of any court or governmental authority to which the Guarantor is subject (including Federal and state securities laws and regulations), or by which any material property or asset of the Guarantor is bound or affected, except in thecase of each of clauses (ii) and (iii), such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as could not, individually or in the aggregate, have or result in a Material Adverse Effect. The business ofthe Guarantor is not being conducted in violation of any law, ordinance or regulation of any governmental authority, except for violations which, individually or in the aggregate, do not have a Material Adverse Effect. 

(d) Consents and Approvals. The Guarantor is not required to obtain any consent, waiver,authorization or order of, or make any filing or registration with, any 

 
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court or other federal, state, local, foreign or other governmental authority or other person in connection with the execution, delivery and performance by the Guarantor of this Guarantee.

4. Covenants. 

(a) Each Guarantor covenants and agrees with the Holders that, from and after the date of this Guaranteeuntil the Obligations shall have been indefeasibly paid in full, such Guarantor shall take, and/or shall refrain from taking, as the case may be, such commercially reasonable action that is necessary to be taken or not taken, as the case may be, sothat no Event of Default (as defined in the Debentures) is caused by the failure to take such action or to refrain from taking such action by such Guarantor. 

(b) So long as any of the Obligations are outstanding, each Guarantor will not directly or indirectly onor after the date of this Guarantee: 

i. amend its articles of incorporation, bylaws or othercharter documents so as to adversely affect any rights of any Holder; 

ii. repay, repurchase oroffer to repay, repurchase or otherwise acquire more than a de minimis number of shares of its securities or debt obligations; 

iii. pay cash dividends on any equity securities of the Company; 

iv. enter into any transaction with any Affiliate (as defined in the Debentures) of the Guarantor which would be required to be disclosed in any public filing of the Company with the Commission (asdefined in the Debentures), unless such transaction is made on an arm’s-length basis and expressly approved by a majority of the disinterested directors of the Company (even if less than a quorum otherwise required for board approval); or

v. enter into any agreement with respect to any of the foregoing. 

5. Miscellaneous. 

(a) Amendments in Writing. None of the terms or provisions of this Guarantee may be waived,amended, supplemented or otherwise modified except in writing by the Holders. 

(b)Notices. All notices, requests and demands to or upon the Holders or any Guarantor hereunder shall be effected in the manner provided for in the Debentures, provided that any such notice, request or demand to or upon any Guarantor shall beaddressed to such Guarantor at its notice address set forth on Schedule 1 attached hereto. 

 
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(c) No Waiver By Course Of Conduct; CumulativeRemedies. The Holders shall not by any act (except by a written instrument pursuant to Section 5(a)), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any default underthe Debentures or the Security Agreement or Event of Default. No failure to exercise, nor any delay in exercising, on the part of the Holders, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exerciseof any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Holders of any right or remedy hereunder on any one occasion shall not beconstrued as a bar to any right or remedy which the Holders would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights orremedies provided by law. 

(d) Enforcement Expenses; Indemnification. 

(i) Each Guarantor agrees to pay, or reimburse the Holders for, all costs and expenses incurred by theHolders in collecting against such Guarantor under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under this Guarantee, the Debentures and the Security Agreement, including, without limitation, thereasonable fees and disbursements of counsel to the Holders. 

(ii) Each Guarantor agrees topay, and to save the Holders harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable in connection with any ofthe transactions contemplated by this Guarantee. 

(iii) The agreements in thisSection 5(d) shall survive repayment of the Obligations. 

(e) Successor andAssigns. This Guarantee shall be binding upon the successors and assigns of each Guarantor and shall inure to the benefit of the Holders and their respective successors and assigns; provided that no Guarantor may assign, transfer or delegate anyof its rights or obligations under this Guarantee without the prior written consent of the Holders. 

(f) Set-Off. Each Guarantor hereby irrevocably authorizes the Holders at any time and from time to time while an Event of Default under the Debentures or the Security Agreement shall have occurredand be continuing, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, ineach case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing to the Holders to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Holders may

 
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elect, against and on account of the obligations and liabilities of such Guarantor to the Holders hereunder and claims of every nature and description of the Holders against such Guarantor, inany currency, whether arising hereunder, under the Debentures or otherwise, as the Holders may elect, whether or not the Holders have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured.The Holders shall notify such Guarantor promptly of any such set-off and the application made by the Holders of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. Therights of the Holders under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) which the Holders may have. 

(g) Counterparts. This Guarantee may be executed by one or more of the parties to this Guarantee onany number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

(h) Severability. Any provision of this Guarantee which is prohibited or unenforceable in anyjurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall notinvalidate or render unenforceable such provision in any other jurisdiction. 

(i) SectionHeadings. The Section headings used in this Guarantee are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

(j) Integration. This Guarantee represents the agreement of the Guarantors and the Holders withrespect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Holders relative to the subject matter hereof and thereof not expressly set forth or referred to herein. 

(k) Governing Laws. All questions concerning the construction, validity, enforcement andinterpretation of this Guarantee shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each of the Guarantors agrees that allproceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Guarantee (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members,employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York, Borough of Manhattan. Each of the Guarantors hereby irrevocably submits to the exclusive jurisdiction of the state and federalcourts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not toassert in any proceeding, any claim that it is not personally subject to the jurisdiction of any such court or that such proceeding is improper. Each party hereto hereby irrevocably waives personal service of process and

 
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consents to process being served in any such proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the addressin effect for notices to it under this Guarantee and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in anymanner permitted by law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Guarantee or the transactionscontemplated hereby. 

(l) Acknowledgements. Each Guarantor hereby acknowledges that:

(i) it has been advised by counsel in the negotiation, execution and delivery of thisGuarantee; 

(ii) the Holders have no fiduciary relationship with or duty to any Guarantorarising out of or in connection with this Guarantee, the Debentures or the Security Agreement, and the relationship between the Guarantors, on the one hand, and the Holders, on the other hand, in connection herewith or therewith is solely that ofdebtor and creditor; and 

(iii) no joint venture is created hereby or by the Debentures or theSecurity Agreement or otherwise exists by virtue of the transactions contemplated hereby among the Guarantors and the Holders. 

(m) Additional Guarantors. The Company shall cause each of its subsidiaries formed or acquired on or subsequent to the date hereof to become a Guarantor for all purposes of this Guarantee byexecuting and delivering an Assumption Agreement in the form of Annex 1 hereto. 

(n)Release of Guarantors. Each Guarantor will be released from all liability hereunder concurrently with the indefeasible repayment in full of all amounts owed under the Debentures. 

(o) WAIVER OF JURY TRIAL. **EACH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE HOLDERSHEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE AND FOR ANY COUNTERCLAIM THEREIN.**

********************* 

*(Signature Pages Follow)*

 
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IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to beduly executed and delivered as of the date first above written. 

 
**ANALYTICA INTERNATIONAL, INC.**By: 
 
     Name: Samuel S. Duffey, Esq.     Title: President
 
**TEAMM PHARMACEUTICALS, INC.**By: 
 
     Name: Samuel S. Duffey, Esq.     Title: President
 
ACKNOWLEDGED AND AGREED TO:**ACCENTIA BIOPHARMACEUTICALS, INC.**By: 
 
 Name: Samuel S. Duffey, Esq. Title: President/General Counsel
 
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**Schedule 1**

**GUARANTORS**

The following are the names, notice addresses and jurisdictionof incorporation of each Guarantor. 

 
NAME AND NOTICE JURISDICTION OFADDRESS INCORPORATIONAnalytica International, Inc. Florida324 South Hyde Park Dr., Ste. 350 Tampa, Florida 33606 TEAMM Pharmaceuticals, Inc. Florida324 South Hyde Park Dr., Ste. 350 Tampa, Florida 33606 
 
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Annex 1 to 

**SUBSIDIARY GUARANTEE**

ASSUMPTION AGREEMENT, dated as of            , 2010 made by                     , a                                         (the “Additional Guarantor”), in favor of the Holders pursuant to the Guarantee referred to below. Allcapitalized terms not defined herein shall have the meaning ascribed to them in such Guarantee. 

**W I T N E S S E T H :**

WHEREAS, the Guarantors (other than the Additional Guarantor) have entered into the Subsidiary Guarantee,dated as of November 17, 2010 (as amended, supplemented or otherwise modified from time to time, the “Guarantee”) in favor of the Holders; 

WHEREAS, the Guarantee requires the Additional Guarantor to become a party to the Guarantee; and 

WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to become a partyto the Guarantee; 

**NOW, THEREFORE, IT IS AGREED:**

1. Guarantee. By executing and delivering this Assumption Agreement, the Additional Guarantor, as provided inSection 5(m) of the Guarantee, hereby becomes a party to the Guarantee as a Guarantor thereunder with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality of the foregoing, herebyexpressly assumes all obligations and liabilities of a Guarantor thereunder. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedule 1 to the Guarantee. The Additional Guarantor hereby representsand warrants that each of the representations and warranties contained in Section 3 of the Guarantee is true and correct on and as the date hereof as to such Additional Guarantor (after giving effect to this Assumption Agreement) as if made onand as of the date hereof. 

2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, ANDCONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 
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IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement tobe duly executed and delivered as of the date first above written. 

 
**[ADDITIONAL GUARANTOR]**
By:
 
 

Name:
 
Title:
 
 
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