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Prepared by MERRILL CORPORATION

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Exhibit 10.35  

 
 

FORM OF SERIES A NOTE    
  

    SONIC CORP. 

6.58%
SENIOR NOTE, SERIES A, DUE AUGUST 10, 2008 

	No.             	 	[Date]
	$                  	 	PPN 835451 A# 2

    FOR
VALUE RECEIVED, the undersigned, Sonic Corp. (herein called the "Company"), a corporation organized and existing under the laws of
the State of Delaware, hereby promises to pay to            , or registered assigns, the principal sum of            Dollars on
August 10, 2008, with interest (computed on the
basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance thereof at the rate of 6.58% per annum from the date hereof, payable semiannually, on the 10th
day of February and August in each year, commencing with February 10 or August 10 next succeeding the date hereof, until the principal hereof shall have become due and payable, and
(b) to the extent permitted by law on any overdue payment (including any overdue prepayment) of principal, any overdue payment of interest and any overdue payment of any Make-Whole
Amount (as defined in the Note Purchase Agreements referred to below), payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum from time
to time equal to the greater of (i) 8.58% or (ii) 2% over the rate of interest publicly announced by The Chase Manhattan Bank from time to time in New York, New York as its "base" or
"prime" rate. 

    Payments
of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal
office of The Chase Manhattan Bank in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase
Agreements referred to below. 

    This
Note is one of a series of Senior Notes, Series A (herein called the "Series A Notes") issued pursuant to separate
Note Purchase Agreements, each dated as of August 10, 2001 (as from time to time amended, collectively, the "Note Purchase Agreements"), between
the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, (i) to have agreed to the
confidentiality provisions set forth in Section 20 of the Note Purchase Agreements and (ii) to have made the representation set forth in Section 6.2 of the Note Purchase
Agreements to the extent provided in Section 13.2 of the Note Purchase Agreements. 

    This
Note is a registered Series A Note and, as provided in the Note Purchase Agreements, upon surrender of this Note for registration of transfer, duly endorsed, or
accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder's attorney duly authorized in writing, a new Series A Note for a like principal
amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered
as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary. 

    The
Company will make required prepayments of principal on the dates and in the amounts specified in the Note Purchase Agreements. This Note is also subject to optional prepayment, in
whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreements, but not otherwise. 

    The
payment by the Company of all amounts due with respect to this Note has been unconditionally guaranteed by the Guarantors (as defined in the Note Purchase Agreements) pursuant to
the Guaranty Agreements. 

 

    If an Event of Default, as defined in the Note Purchase Agreements, occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the
manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreements. 

    THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING
CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. 

	 	 	SONIC CORP.
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	Its:	 	 

2

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FORM OF SERIES A NOTEPrepared by MERRILL CORPORATION

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Exhibit 10.36  

 
 

FORM OF SERIES B NOTE    
  

    SONIC CORP. 

6.87%
SENIOR NOTE, SERIES B, DUE AUGUST 10, 2011 

	No.             	 	[Date]
	$                  	 	PPN 835451 B* 5

    FOR
VALUE RECEIVED, the undersigned, Sonic Corp. (herein called the "Company"), a corporation organized and existing under the laws of
the State of Delaware, hereby promises to pay to            , or registered assigns, the principal sum of            Dollars on
August 10, 2011, with interest (computed on the
basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance thereof at the rate of 6.87% per annum from the date hereof, payable semiannually, on the 10th
day of February and August in each year, commencing with February 10 or August 10 next succeeding the date hereof, until the principal hereof shall have become due and payable, and
(b) to the extent permitted by law on any overdue payment (including any overdue prepayment) of principal, any overdue payment of interest and any overdue payment of any Make-Whole
Amount (as defined in the Note Purchase Agreements referred to below), payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum from time
to time equal to the greater of (i) 8.87% or (ii) 2% over the rate of interest publicly announced by The Chase Manhattan Bank from time to time in New York, New York as its "base" or
"prime" rate. 

    Payments
of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal
office of The Chase Manhattan Bank in New York, New York or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase
Agreements referred to below. 

    This
Note is one of a series of Senior Notes, Series B (herein called the "Series B Notes") issued pursuant to separate
Note Purchase Agreements, each dated as of August 10, 2001 (as from time to time amended, collectively, the "Note Purchase Agreements"), between
the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will be deemed, by its acceptance hereof, (i) to have agreed to the
confidentiality provisions set forth in Section 20 of the Note Purchase Agreements and (ii) to have made the representation set forth in Section 6.2 of the Note Purchase
Agreements to the extent provided in Section 13.2 of the Note Purchase Agreements. 

    This
Note is a registered Series B Note and, as provided in the Note Purchase Agreements, upon surrender of this Note for registration of transfer, duly endorsed, or
accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder's attorney duly authorized in writing, a new Series B Note for a like principal
amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered
as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary. 

    The
Company will make required payments of principal on the dates and in the amounts specified in the Note Purchase Agreements. This Note is also subject to optional prepayment, in
whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreements, but not otherwise. 

    The
payment by the Company of all amounts due with respect to this Note has been unconditionally guaranteed by the Guarantors (as defined in the Note Purchase Agreements) pursuant to
the Guaranty Agreements. 

 

    If an Event of Default, as defined in the Note Purchase Agreements, occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the
manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreements. 

    THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF THE STATE OF NEW YORK EXCLUDING
CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE. 

	 	 	SONIC CORP.
	

 	
 	

By:	
 	

 
	 	 	 	 	

	 	 	Its:	 	 

2

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FORM OF SERIES B NOTEEXHIBIT 10.1

                           UNIGENE LABORATORIES, INC.

                              110 Little Falls Road

                           Fairfield, New Jersey 07004

Fusion Capital Fund II, LLC                                 November 1, 2001
222 Merchandise Mart Plaza, Suite 9-112
Chicago, Illinois  60654

RE:  Unigene Laboratories, INC.

Gentlemen:

               This letter is being delivered to confirm our understanding with
respect to certain matters under that certain Common Stock Purchase Agreement,
dated as of May 09, 2001 (the "Purchase Agreement"), by and between UNIGENE
LABORATORIES, INC., a Delaware corporation (the "Company") and FUSION CAPITAL
FUND II, LLC ("Fusion"), with respect to the purchase by Fusion of up to
$21,000,000 of common stock of the Company. All capitalized terms used in this
letter that are not defined in this letter shall have the meanings set forth in
the Purchase Agreement. The Company and Fusion agree as follows:

               Section 10(l) of the Purchase Agreement is hereby amended and
restated in its entirety as follows:

               "(l) "Principal Market" means The Nasdaq OTC/ Bulletin Board
market, provided, however, that in the event the Company's Common Stock is ever
listed for trading on the Nasdaq National Market, Nasdaq SmallCap Market or the
American Stock Exchange, then the "Principal Market" shall mean such other
market on which the Company's Common Stock is then listed.

                                                UNIGENE LABORATORIES, INC.

                                                By:     /s/ Warren P. Levy
                                                        -------------------
                                                Name:   Warren P. Levy
                                                Title:  President

ACKNOWLEDGED AND AGREED:
FUSION CAPITAL FUND II, LLC

By: /s/ Steven G. Martin
    --------------------
    Steven G. Martin
    A Managing Member

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