Document:

Ex 10-19

	

EXHIBIT 10.19

NOTE

	$6,000,000.00	 	April 15, 2001
Chicago, Illinois	 

	

     FOR
VALUE RECEIVED, Horizon Farms, Inc.(“Borrower”) promises to pay
to the order of Methode Electronics, Inc., a Delaware corporation
(“Lender”) the principal sum of Six Million and no/100 Dollars
($6,000,000.00) (“Loan”), at the place and in the manner hereinafter
provided, together with interest from the date hereof on the balance of the
principal remaining from time-to-time unpaid at the rates described below. 

     During
the period commencing as of the date hereof (“Loan Opening
Date”) and continuing thereafter through June 30, 2003
(“Maturity Date”), interest shall accrue on the outstanding
principal balance of the Loan remaining from time-to-time unpaid under this Note
prior to the Maturity Date at a rate of 5.25% per annum (“Loan
Rate”). 

     Interest
accruing on the principal outstanding shall be: (a) computed on the basis of a
year consisting of 365 days, (b) compounded semi-annually on the anniversary
hereof, and (c) charged for the actual number of days within each monthly period
in which any amounts remain outstanding under the Loan. 

     The
Loan shall be repaid on the Maturity Date with all accrued interest. 

     This
Note may be prepaid in whole or in part at any time and any prepayments shall be
applied first against any interest then unpaid, and next against the next
installments of principal coming due. 

     After
the Maturity Date, or the earlier acceleration of the indebtedness evidenced by
this Note, or if said indebtedness has not been accelerated, during any period
in which an Event of Default (as hereinafter defined) exists under this Note or
any of the Loan Documents, Maker shall pay interest on the balance of principal
remaining unpaid during any such period at an annual rate equal to two percent
(2%) plus the applicable Loan Rate then in effect under this Note. The interest
accruing under this paragraph shall be immediately due and payable by Maker to
the holder of this Note on demand and shall be additional indebtedness evidenced
by this Note. 

     All
payments of principal and interest hereunder shall be paid in coin or currency
which, at the time or times of payment, is the legal tender for public and
private debts in the United States of America and shall be made at such place as
Lender or the legal holder or holders of this Note may from time to time
appoint, and in the absence of such appointment, then at the offices of Lender
at 7401 West Wilson Avenue, Chicago, Illinois 60706-4548. Payment submitted in
funds not available until collected shall continue to bear interest until
collected. If payment hereunder becomes due and payable on a Saturday, Sunday or
legal holiday under the laws of the State of Illinois, the due date thereof
shall be extended to the next succeeding business day, and interest shall be
payable thereon at the then applicable interest rate during such extension. 

     Notwithstanding
any provisions of this Note or any instrument securing payment of the
indebtedness evidenced by this Note to the contrary, it is the intent of Maker
and Lender that Lender shall never be entitled to receive, collect or apply as
interest on principal of the indebtedness, any amount in excess of the maximum
rate of interest permitted to be charged by applicable law; and if under any
circumstance whatsoever, fulfillment of any provision of this Note, at the time
performance of such provision shall be due, shall involve transcending the limit
of validity prescribed by applicable law, then, ipso facto, the
obligation to be fulfilled shall be reduced to the limit of such validity; and
in the event Lender ever receives, collects or applies as interest any such
excess, such amount which would be excess interest shall be deemed a permitted
partial prepayment of principal and treated hereunder as such; and if the
principal of the indebtedness secured hereby is paid in full, any remaining
excess funds shall forthwith be paid to Maker. In determining whether or not
interest of any kind payable hereunder, under any specific contingency, exceeds
the highest lawful rate, Maker and Lender shall, to the maximum extent permitted
under applicable law, (1) characterize any non-principal payment as an expense,
fee or premium rather than as interest and (2) amortize, prorate, allocate and
spread, to the end that the interest on account of such indebtedness does not
exceed the maximum amount permitted by applicable law; provided that if the
amount of interest received for the actual period of existence thereof exceeds
the maximum lawful rate, Lender shall refund to Maker the amount of such excess.
Lender shall not be subject to any penalties provided by any laws for
contracting for, charging or receiving interest in excess of the maximum lawful
rate. 

38 

	

     This
Note and any and all other liabilities and obligations and indebtedness of Maker
to Lender, whether such liabilities, obligation or indebtedness are now existing
or hereafter created, direct or indirect, absolute or contingent, joint or
several, due or to become due, howsoever created, arising or evidenced, and
howsoever acquired by Lender, are secured, inter alia, by the
Mortgage and Security Agreement (the “Mortgage”) of even date
herewith made by Maker to Lender creating a mortgage lien on certain real
property (the “Premises”) legally described in Exhibit 1
attached to the Mortgage (the Mortgage and any other document or instrument
securing this Note or delivered to induce Lender to disburse the proceeds
evidenced hereby are hereinafter collectively referred to as the “Loan
Documents”). Reference is hereby made to the Loan Documents (which are
incorporated herein by reference as fully and with the same effect as if set
forth herein at length) for a legal description of the Premises, a statement of
the covenants and agreements contained therein, a statement of the rights,
remedies, and security afforded thereby, and all matters therein contained. 

     The
occurrence of any one or more of the following events shall constitute an
“Event of Default” under this Note: 

	 	     (a)  
the failure by Maker to make payment of principal or interest as same becomes due and
payable or payment of any other amount due to Lender under this Note, within ten (10)
days after the date when any such payment is due in accordance with the terms hereof, or
the failure of Maker to make payment of any amounts due to Lender under the Mortgage or
any of the other Loan Documents within ten (10) days after written notice from Lender
that any such payment is due in accordance with the terms thereof; or 

	 	     (b)
the occurrence of any one or more of the “Events of Default” under paragraph 14 of the
Mortgage.

	

     At
the election of the holder hereof, and without notice, the principal balance
remaining unpaid under this Note, and all unpaid interest accrued thereon, shall
be and become immediately due and payable in full in the case of the occurrence
of any Event of Default. Failure to exercise this option shall not constitute a
waiver of the right to exercise same in the event of any subsequent Event of
Default. No holder hereof shall, by any act of omission or commission, be deemed
to waive any of its rights, remedies or powers hereunder or otherwise unless
such waiver is in writing and signed by the holder hereof, and then only to the
extent specifically set forth therein. The rights, remedies and powers of the
holder hereof, as provided in this Note, the Mortgage and in all of the other
Loan Documents are cumulative and concurrent, and may be pursued against the
Premises and any other security given at any time to secure the repayment
hereof, all at the sole discretion of the holder hereof. If any suit or action
is instituted or attorneys are employed to collect this Note or any part
thereof, or for the protection or enforcement of any or all of the security for
this Note, whether or not any lawsuit is filed with respect thereto, Maker
promises and agrees to pay all costs and expenses of every kind and nature of
collection, protection and enforcement including reasonable attorneys’ fees
and court costs. 

39 

	

     Maker,
any guarantor, and all others who now or may at any time become liable for all
or any part of the obligations evidenced hereby, expressly agree hereby to be
jointly and severally bound, and jointly and severally: (i) waive and renounce
any and all homestead, redemption and exemption rights and the benefit of all
valuation and appraisement privileges against the indebtedness evidenced by this
Note or by any extension or renewal hereof; (ii) waive presentment and demand
for payment, notices of nonpayment and of dishonor, protest of dishonor, and
notice of protest; (iii) waive any and all notices in connection with the
delivery and acceptance hereof and all other notices in connection with the
performance, default, or enforcement of the payment hereof or hereunder, except
as otherwise expressly provided in the Loan Documents; (iv) waive any and all
lack of diligence and delays in the enforcement of the payment hereof; (v) agree
that the liability of each Maker, guarantor, endorser or obligor shall be
unconditional and without regard to the liability of any other person or entity
for the payment hereof, and shall not in any manner be affected by any
indulgence or forbearance granted or consented to by Lender to any of them with
respect hereto; (vi) consent to any and all extensions of time, renewals,
waivers, or modifications that may be granted by Lender with respect to the
payment or other provisions hereof, and to the release of any security at any
time given for the payment hereof, or any part thereof, with or without
substitution, and to the release of any person or entity liable for the payment
hereof; and (vii) consent to the addition of any and all other makers,
endorsers, guarantors, and other obligers for the payment hereof, and to the
acceptance of any and all other security for the payment hereof, and agree that
the addition of any such makers, endorsers, guarantors or other obligers, or
security shall not affect the liability of Maker. 

     The
proceeds of the loan evidenced by this Note will be used solely for the purposes
specified in 815 ILCS 205/4 (1993), as amended, and the principal sum advanced
is for a business loan which comes within the purview of such section. Maker
agrees that the obligation evidenced by this Note is an exempted transaction
under the Truth-In-Lending Act, 15 U.S.C., Section 1601, et seq. 

     Time
is of the essence hereof. 

     This
Note is governed and controlled as to validity, enforcement, interpretation,
construction, effect and in all other respects by the statutes, substantive laws
and decisions of the State of Illinois. This Note may not be changed or amended
orally but only by an instrument in writing signed by the party against whom
enforcement of the change or amendment is sought. 

     Lender
shall in no event be construed for any purpose to be a partner, joint venturer,
agent or associate of Maker or any beneficiary thereof or of any lessee,
operator, concessionaire or licensee of Maker or any beneficiary thereof in the
conduct of their respective businesses, and by the execution of this Note, Maker
agrees to indemnify, defend, and hold Lender harmless from and against any and
all damages, costs, expenses and liability that may be incurred by Lender as a
result of a claim that Lender is such partner, joint venturer, agent or
associate. 

     This
Note has been made and delivered at Chicago, Illinois and all funds disbursed to
or for the benefit of Maker will be disbursed in Chicago, Illinois. 

     In
the event one or more of the provisions contained in this Note shall for any
reason be held to be invalid, illegal or unenforceable in any respect by a court
of competent jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other provision of this Note, and this Note shall be construed as
if such invalid, illegal or unenforceable provision had never been contained
herein or therein. 

40 

	

     This
Note and any and all other liabilities and obligations and indebtedness of Maker
to Lender, whether such liabilities, obligation or indebtedness are now existing
or hereafter created, direct or indirect, absolute or contingent, joint or
several, due or to become due, howsoever created, arising or evidenced, and
howsoever acquired by Lender, are secured, inter alia, by the
Mortgage and Security Agreement (the “Mortgage”) of even date
herewith made by Maker to Lender creating a junior mortgage lien on certain real
property (the “Premises”) legally described in Exhibit 1
attached to the Mortgage (the Mortgage and any other document or instrument
securing this Note or delivered to induce Lender to disburse the proceeds
evidenced hereby are hereinafter collectively referred to as the “Loan
Documents”). Reference is hereby made to the Loan Documents (which are
incorporated herein by reference as fully and with the same effect as if set
forth herein at length) for a legal description of the Premises, a statement of
the covenants and agreements contained therein, a statement of the rights,
remedies, and security afforded thereby, and all matters therein contained. 

     Maker
has executed this Note as of the day and year first written above. 

			MAKER:

Horizon Farms, Inc.,
an Illinois corporation

			  

By: /s/ Robert R. McGinley
——————————————

 Its:  President

			
 Attest:  /s/ James W. McGinley
——————————————

 Its:   SecretaryExhibit 10.23

                              ALFACELL CORPORATION
                             PURCHASE AGREEMENT FOR
                             COMMON STOCK & WARRANTS

Alfacell Corporation
225 Belleville Avenue
Bloomfield, New Jersey 07003

Attention: Kuslima Shogen, Chairman
           and Chief Executive Officer

Dear Ms. Shogen:

     The undersigned acknowledges that there is no minimum proceeds requirement
for the closing of this Offering, the Company may close only on the
undersigned's investment and such investment may be inadequate to meet the
Company's cash requirements. The Company intends to utilize the proceeds of this
Offering for research and development and general corporate purposes.

     The undersigned hereby subscribes to purchase ________ units at $0.90 per
unit (the "Unit"). Each Unit consists of one (1) share of Common Stock, $.001
par value per share (the "Shares") of Alfacell Corporation, a Delaware
corporation (the "Company") and one (1) three-year warrant (the "Warrants"). The
Warrants are exercisable into one (1) Share (the "Warrant Shares"). The Shares,
the Warrants and the Warrant Shares are being sold in a transaction exempt from
registration under the Securities Act of 1933, as amended (the "Act"). The
Warrants will be issued pursuant to a Warrant Agreement in the form attached
hereto as Exhibit A executed by the Company for the benefit of the undersigned.
The Warrants will be exercisable at $2.50 for a three (3) year period commencing
__________. The undersigned tenders herewith___________ in full payment of the
purchase price for the____________ Units to which the undersigned subscribes (in
the manner indicated on the signature page hereof.)

     The undersigned understands that the right to transfer all or any part of
the Shares, the Warrants and the Warrant Shares (hereinafter sometimes
collectively referred to as the "Securities") will be restricted. The
undersigned may not transfer the Securities unless they are registered under the
Act and applicable state securities or "blue sky" laws, or an exemption from
such registration is available. The undersigned recognizes that the Company
shall have no obligation to register the Securities, except as set forth herein.

                                       1
<PAGE>

The undersigned hereby represents, warrants and covenant that:

     1. The undersigned is acquiring the Shares and the Warrants, and at such
time as the undersigned may exercise the Warrants, the Warrant Shares, for the
undersigned's own account for investment and not with a view towards
distribution. The undersigned will not sell, hypothecate, transfer or otherwise
dispose of the Securities unless such transaction has been registered under the
Act or, in the opinion of counsel for the Company, an exemption from
registration is available.

     2. (i) Please check here if the representation contained in this paragraph
2(i) is applicable to the undersigned _________. (A)If an individual, (a) the
undersigned's individual net worth or joint net worth with the undersigned's
spouse exceeds $1,000,000 as of the date hereof, or (b) the undersigned's
individual income has been in excess of $200,000 in each of 2000 and 1999 and is
expected to be in excess of $200,000 in 2001, or (c)the undersigned's joint
income with the undersigned's spouse has been in excess of $300,000 in each of
2000 and 1999 and is expected to be in excess of $300,000 in 2001; or (B) if a
corporation, partnership, or other entity, the foregoing representation applies
to all of the equity owners of the corporation, partnership, or entity.

          (ii) If a corporation, partnership, or other entity, was such a
corporation, partnership, or other entity formed for the specific purpose of
acquiring the Shares? _____Yes _____ No

          (iii) If the answer to 2(ii) is yes, how many equity owners does the
corporation partnership or entity have? _____

     3. Whether or not the representation contained in paragraph 2(i)is
applicable to the undersigned, the undersigned has adequate means of providing
for the undersigned's current needs and possible contingencies and has no need
for liquidity of the Securities. The undersigned's overall commitment to
investments is not disproportionate to the undersigned's net worth, and
acquisition of the Securities will not cause such overall commitment to become
excessive. Prior to the execution hereof, the undersigned has received and had
the opportunity to review, examine and read all documents, records and books
pertaining to this investment, including the Company's Annual Report on Form
10-K for the fiscal year ended July 31, 2000, the Company's Quarterly Reports on
Form 10-Q for each of the three quarterly periods subsequent to the fiscal year
ended July 31, 2000 collectively, the "Disclosure Documents").

     4. The undersigned is knowledgeable and experienced in

                                       2
<PAGE>

financial and business matters. The undersigned recognizes and is fully
cognizant of the fact that the investment contemplated hereby involves a high
degree of risk. The undersigned is able to evaluate the merits and risks of an
investment in the Securities. The undersigned has been given an opportunity to
ask questions of, and receive answers and obtain information from,
representatives of the Company concerning the Company.

     5. The undersigned has been given no oral or written representations or
assurances by the Company or any other person acting or purporting to act on
behalf of the Company in connection with the acquisition of the Securities, in
each case except as provided herein or in the Disclosure Documents.

     6. The undersigned understands and specifically acknowledges and agrees
that since the Securities have not been registered under the Act, the
certificates representing the Securities will bear a legend to such effect and a
stop transfer order will be placed on the Securities in the Company's transfer
books.

     7. By its acceptance hereof, the Company hereby agrees that it shall use
its best efforts to file a registration statement (the "Registration Statement")
under the Act to register the resale of the Shares and the Warrant Shares. The
Company further agrees to use its best efforts to cause such Registration
Statement to become effective.

     In connection with the Registration Statement, the undersigned shall
provide the Company, from time to time, as reasonably requested by the Company,
written information concerning its ownership of the Company's Securities, their
intentions concerning the sale of its Shares and Warrant Shares and such other
matters as are required in order to enable the Company to prepare, file and
obtain the effectiveness of such Registration Statement. Notwithstanding any of
the foregoing, the Company shall not be required to maintain the effectiveness
of the Registration Statement for more than two (2) years after the initial
effective date thereof.

     In connection with any such registration of Shares and Warrant Shares, the
Company shall supply a reasonable number of prospectuses to the undersigned, use
its best efforts to qualify the Shares and Warrants for sale in the states of
New York and New Jersey and furnish indemnification in the manner set forth
below.

     The Company shall bear the entire cost and expense of any

                                       3
<PAGE>

such registration hereunder. Notwithstanding the foregoing, the undersigned
shall bear the fees of all persons retained by it, such as counsel and
accountants, and any transfer taxes or underwriting discounts or commissions
applicable to the Shares and Warrant Shares sold by it pursuant to the
Registration Statement.

     The Company shall indemnify and hold harmless each holder of Shares and
Warrant Shares that are registered pursuant to the Registration Statement and
each underwriter, within the meaning of the Act, who may purchase from or sell
for any such holder any such Shares or Warrant Shares and each person, if any,
who controls any such holder or underwriter within the meaning of the Act, from
and against any and all losses, claims, damages and liabilities caused by any
untrue statement of a material fact contained in the Registration Statement or
any post-effective amendment thereto or any prospectus included therein required
to be filed or furnished in connection therewith or caused by any omission to
state therein a material fact required to be stated therein in order to make the
statements made therein, in light of the circumstances under which they were
made, not misleading, except insofar as such losses, claims, damages or
liabilities are caused by any such untrue statement or omission based upon
information furnished or required to be furnished in writing to the Company by
such holder or underwriter expressly for use therein; provided, however, that
such holder or underwriter shall indemnify the Company, its directors, each
officer signing the Registration Statement and each person, if any, who controls
the Company within the meaning of the Act, from and against any and all losses,
claims, damages and liabilities caused by any untrue statement of a material
fact contained in any Registration Statement or any post-effective amendment
thereto or any prospectus included therein required to be filed or furnished
pursuant thereto or caused by any omission to state therein a material fact
required to be stated therein in order to make the statements made therein, in
light of the circumstances under which they were made, not misleading, insofar
as such losses, claims, damages or liabilities are caused by any untrue
statement or omission based upon information furnished in writing to the Company
by any such holder or underwriter expressly for use therein.

     If the indemnification provided for herein from either the holder of the
Shares and Warrant Shares or the Company is unavailable to an indemnified party
(the "Indemnitee") hereunder in respect of any losses, claims, damages or
liabilities (or actions in respect thereof) referred to herein, then the party

                                       4
<PAGE>

responsible for such indemnification (the "Indemnitor"), in lieu of indemnifying
the Indemnitee, shall contribute to the amount paid or payable by the Indemnitee
as a result of such losses, claims, damages or liabilities in such proportion as
is appropriate to reflect the relative fault of the Indemnitor and Indemnitee in
connection with the actions which resulted in such losses, claims, damages or
liabilities (including legal or other fees and expenses reasonably incurred in
connection with any investigation or proceeding) as well as any other equitable
considerations.

     If indemnification is available, the Indemnitor shall indemnify each
Indemnitee to the full extent provided for herein without regard to the relative
fault of the Indemnitor, the Indemnitee or any other equitable consideration
provided for hereunder.

     After the Registration Statement becomes effective and in connection with
the sale of the Shares and Warrant Shares under such Registration Statement, the
undersigned shall take such steps as may be necessary to ensure that the offer
and sale thereof are in compliance with the requirements of the federal
securities laws, including, but not limited to, compliance with the anti-
manipulation requirements of the Securities Exchange Act of 1934, as amended.

                                       5
<PAGE>

     By its acceptance hereof, the Company hereby acknowledges that the
foregoing accurately reflects its understanding concerning the transaction
contemplated hereby.

                                            -----------------------------------
                                                     (Signature)

                                            -----------------------------------
                                                 Please type or print name
                                                 (and title if applicable)

                                            Name & Address (as it should
                                            appear on certificates):

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

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

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

                                            -----------------------------------
                                            Social Security Number or
                                            Taxpayer Identification Number

                                            (H)___________  (W)_________________
                                             Telephone Number

                                            -----------------------------------
                                                         As of Date

                                            -----------------------------------
                                                      Number of Units

                                            -----------------------------------
                                                  Amount of Subscription
                                                      (U.S. Dollars)

ACCEPTED AND AGREED:                              Deliver to Address: (if
ALFACELL CORPORATION                              different from above)

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

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

------------------------------------
 Name:  Kuslima Shogen
 Title: Chairman and CEO

                                       6
<PAGE>

                                                                       Exhibit A
Name:  Kuslima Shogen
Title: Chairman and CEO

     WARRANT TO PURCHASE _________ SHARES OF COMMON STOCK VOID AFTER 5:00 p.m.
NEW JERSEY TIME, ON _________. THIS WARRANT AND THE SHARES OF COMMON STOCK
ISSUABLE UPON THE EXERCISE HEREOF HAVE BEEN AND WILL BE ISSUED IN TRANSACTIONS
WHICH HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"ACT"), OR UNDER ANY STATE SECURITIES OR BLUE SKY LAWS. THIS WARRANT AND SUCH
SHARES MAY NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED
OF, IN WHOLE OR IN PART, IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE ACT AND APPLICABLE STATE LAW, OR AN OPINION OF COUNSEL ACCEPTABLE TO
THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

                                                       NO._____  SHARES______

                              ALFACELL CORPORATION

     This certifies that, for value received, _____________________, the
registered holder hereof or assigns (the "Warrantholder") is entitled to
purchase from Alfacell Corporation, a Delaware corporation (the "Company"), at
any time on and after ________________, and before 5:00 p.m., New Jersey time,
on ______________ (the "Termination Date"), at the purchase price of $2.50 per
share (the "Exercise Price"), the number of shares of Common Stock, par value
$.001 per share, of the Company set forth above (the "Warrant Stock"). The
number of shares of Warrant Stock, the Termination Date and the Exercise Price
per share of this Warrant shall be subject to adjustment from time to time as
set forth below.

SECTION I.  TRANSFER OR EXCHANGE OF WARRANT.

     The Company shall be entitled to treat the Warrantholder as the owner in
fact hereof for all purposes and shall not be bound to recognize any equitable
or other claim to or interest in this Warrant on the part of any other person.
This Warrant shall be transferable only on the books of the Company, maintained
at its principal office upon delivery of this Warrant Certificate duly endorsed
by the Warrantholder or by his duly authorized attorney or representative, or
accompanied by proper evidence of succession, assignment or authority to
transfer. Upon any registration of transfer, the Company shall deliver a new
Warrant Certificate or Certificates to the persons entitled thereto.

                                       7
<PAGE>

SECTION II. TERM OF WARRANT; EXERCISE OF WARRANTS.

     A. Termination. The Company may, in its sole discretion, extend the
Termination Date with respect to the exercise of this Warrant upon notice to the
Warrantholder. As used herein, "Termination Date" shall be deemed to include any
such extensions.

     B. Exercise. This Warrant shall be exercised by surrender to the Company,
at its principal office, of this Warrant Certificate, together with the Purchase
Form attached hereto duly completed and signed, and upon payment to the Company
of the Exercise Price for the number of shares of Warrant Stock in respect of
which this Warrant is then exercised. Payment of the aggregate Exercise Price
shall be made in cash or by certified or official bank check.

     C. Warrant Certificate. Subject to Section III hereof, upon such surrender
of this Warrant Certificate and payment of the Exercise Price as aforesaid, the
Company shall issue and cause to be delivered to or upon the written order of
the Warrantholder a certificate or certificates for the number of full shares of
Warrant Stock so purchased upon the exercise of such Warrant, together with
cash, as provided in Section VI hereof, in respect of any fractional shares of
Warrant Stock otherwise issuable upon such surrender. Such certificate or
certificates representing the Warrant Stock shall be deemed to have been issued
and any person so designated to be named therein shall be deemed to have become
a holder of record of such shares of Warrant Stock as of the date of receipt by
the Company of this Warrant Certificate and payment of the Exercise Price as
aforesaid; provided, however, that if, at the date of surrender of this Warrant
Certificate and payment of the Exercise Price, the transfer books for the
Warrant Stock or other class of stock purchasable upon the exercise of this
Warrant shall be closed, the certificate or certificates for the shares of
Warrant Stock in respect of which this Warrant is then exercised shall be deemed
issuable as of the date on which such books shall next be opened (whether before
or after the Termination Date) and until such date the Company shall be under no
duty to deliver any certificate for such shares of Warrant Stock; provided
further, however, that the transfer books of record, unless otherwise required
by law, shall not be closed at any one time for a period longer than twenty (20)
days. The rights of purchase represented by this Warrant shall be exercisable,
at the election of the Warrantholder, either in full or from time to time in
part, and, in the event that this Warrant is exercised in respect of fewer than
all of the shares of Warrant Stock purchasable on such exercise at any time
prior to the Termination Date, a new Warrant Certificate evidencing the
remaining Warrant or Warrants will be issued, and the Company shall deliver the
new Warrant Certificate or Certificates pursuant to the provisions of this
Section.

SECTION III.  PAYMENT OF TAXES.

     The Company will pay all documentary stamp taxes, if any, attributable to
the

                                       8
<PAGE>

initial issuance of the shares of Warrant Stock upon the exercise of this
Warrant; provided, however, that the Warrantholder shall pay any tax or taxes
which may be payable in respect of any transfer involved in the issue or
delivery of Warrant Certificates or the certificates for the shares of Warrant
Stock in a name other than that of the Warrantholder in respect of which this
Warrant or shares of Warrant Stock are issued.

SECTION IV. MUTILATED OR MISSING WARRANT CERTIFICATES.

     In case this Warrant Certificate shall be mutilated, lost, stolen or
destroyed, the Company shall, at the request of the Warrantholder, issue and
deliver, in exchange and substitution for and upon cancellation of this
certificate if mutilated, or in lieu of and in substitution for this certificate
if lost, stolen or destroyed, a new Warrant Certificate of like tenor and
representing an equivalent right or interest, but only upon receipt of evidence
satisfactory to the Company of such loss, theft or destruction of this Warrant
Certificate and indemnity, if requested, also satisfactory to the Company.

SECTION V. RESERVATION OF SHARES OF WARRANT STOCK.

     There has been reserved, and the Company shall at all times keep reserved
so long as this Warrant remains outstanding, out of its authorized Common Stock
a number of shares of Common Stock sufficient to provide for the exercise of the
rights of purchase represented by this Warrant. The transfer agent for the
Common Stock and every subsequent transfer agent for any shares of the Company's
capital stock issuable upon the exercise of this Warrant will be irrevocably
authorized and directed at all times to reserve such number of authorized shares
as shall be requisite for such purpose.

SECTION VI. FRACTIONAL SHARES.

     No fractional shares or scrip representing fractional shares shall be
issued upon the exercise of this Warrant. With respect to any fraction of a
share called for upon the exercise of this Warrant, the Company shall pay to the
Warrantholder an amount in cash equal to such fraction multiplied by the current
market price of such fractional share. "Market Price", as of any date means, (i)
the last reported sale price for the shares of Common Stock as reported by the
National Association of Securities Dealers Automated Quotation National Market
System, ("NASDAQ-NMS"), (ii) the closing bid price for the shares of Common
Stock as reported by the National Association of Securities Dealers Automated
Quotation System ("NASDAQ") if the shares are not traded on NASDAQ-NMS, (iii)
the average of the closing bid and closing asked prices of the Common Stock as
reported by the National Quotations Bureau if the shares are not traded on
NASDAQ; (iv) the last reported sale price, if the shares of Common Stock are
listed on a national securities exchange or (v) if market value cannot be
calculated as of such date on any of the foregoing basis, the fair market price
determined by the Board

                                       9
<PAGE>

of Directors of the Company, acting with reasonable business judgment.

SECTION VII. EXERCISE PRICE; ANTI-DILUTION PROVISIONS.

     A. Exercise Price. The shares of Warrant Stock shall be purchasable upon
the exercise of this Warrant, at a price of $2.50 per share. The Company may, in
its sole discretion, reduce the Exercise Price applicable to the exercise of
this Warrant upon notice to the Warrantholder. As used herein, "Exercise Price"
shall be deemed to include any such reduction.

     If the Company shall at any time issue Common Stock by way of dividend or
other distribution on any stock of the Company or effect a stock split or
reverse stock split of the outstanding shares of Common Stock, the Exercise
Price shall be proportionately decreased in the case of such issuance (on the
day following the date fixed for determining stockholders entitled to receive
such dividend or other distribution or such stock split) or increased in the
case of such reverse stock split (on the date that such reverse stock split
shall become effective), by multiplying the Exercise Price in effect immediately
prior to the stock dividend or other distribution, stock split or reverse stock
split by a fraction, the numerator of which is the number of shares of Common
Stock outstanding immediately prior to such stock dividend or other
distribution, stock split or reverse stock split, and the denominator of which
is the number of shares of Common Stock outstanding immediately after such stock
dividend or other distribution, stock split or reverse stock split.

     B. No Impairment. The Company (a) will not increase the par value of any
shares of stock receivable upon the exercise of this Warrant above the amount
payable therefor upon such exercise, and (b) will take all such action as may be
necessary or appropriate in order that the Company may validly and legally issue
fully paid and nonassessable shares of Common Stock upon the exercise of this
Warrant.

     C. Number of Shares Adjusted. Upon any adjustment of the Exercise Price
pursuant to this Warrant, the Warrantholder shall thereafter (until another such
adjustment) be entitled to purchase upon the exercise of this Warrant, at the
new Exercise Price, the number of shares, calculated to the nearest full share,
obtained by multiplying the number of shares of Warrant Stock initially issuable
upon exercise of this Warrant by the Exercise Price in effect on the date hereof
and dividing the product so obtained by the new Exercise Price.

SECTION VIII. RECLASSIFICATION, REORGANIZATION OR MERGER.

         In case of any reclassification, capital reorganization or other change
of outstanding shares of Common Stock of the Company (other than a change in par
value or as a result of an issuance of Common Stock by way of dividend or other
distribution or of a stock split or reverse stock split) or in case of any
consolidation or

                                       10
<PAGE>

merger of the Company with or into another corporation (other than a merger with
a subsidiary in which merger the Company is the continuing corporation and which
does not result in any reclassification, capital reorganization or other change
of outstanding shares of Common Stock of the Company issuable upon exercise of
this Warrant) or in case of any sale or conveyance to another corporation of the
property of the Company as an entirety or substantially as an entirety, the
Company shall cause effective provision to be made so that the Warrantholder
shall have the right thereafter, by exercising this Warrant, to purchase the
kind and amount of shares of stock and other securities and property the
Warrantholder would have been entitled to receive if the Warrantholder had
exercised this Warrant immediately prior to such reclassification, capital
reorganization or other change, consolidation, merger, sale or conveyance. Any
such provision shall include provision for adjustments which shall be as nearly
equivalent as may be practicable to the adjustments provided for in this
Warrant. The foregoing provisions of this Section shall similarly apply to
successive reclassifications, capital reorganizations and changes of shares of
Common Stock and to successive consolidations, mergers, sales and conveyances.

SECTION IX. REGISTRATION RIGHTS.

     A. The Warrantholder shall have the registration rights with respect to the
resale of the Warrant Stock as set forth in Section 7 of the Purchase Agreement
by and between the Company and the Warrantholder of even date herewith.

SECTION X. NOTICES TO WARRANTHOLDERS.

     So long as this Warrant shall be outstanding and unexercised (a) if the
Company shall pay any dividend or make any distribution upon the Common Stock or
(b) if the Company shall offer to the holders of Common Stock for subscription
or purchase by them any shares of stock of any class or any other rights or (c)
if any capital reorganization of the Company, reclassification of the capital
stock of the Company, consolidation or merger of the Company with or into
another corporation, sale, lease or transfer of all or substantially all of the
assets of the Company to another corporation, or the voluntary or involuntary
dissolution, liquidation or winding up of the Company shall be effected, then,
in any such case, the Company shall cause to be delivered to the Warrantholder,
at least ten days prior to the date specified in (i) or (ii) below, as the case
may be, a notice containing a brief description of the proposed action and
stating the date on which (i) a record is to be taken for the purpose of such
dividend or distribution, or (ii) such reclassification, reorganization,
consolidation, merger, conveyance, lease, dissolution, liquidation or winding up
is to take place and the date, if any, as of which the holders of Common Stock
of record shall be entitled to exchange their shares of Common Stock for
securities or other property deliverable upon such reclassification,
reorganization, consolidation, merger, conveyance, dissolution, liquidation or
winding up.

                                       11
<PAGE>

SECTION XI. NOTICES.

     Any notice pursuant to this Warrant by the Company or by the Warrantholder
shall be in writing and shall be deemed to have been duly given if delivered or
mailed certified mail, return receipt requested, (a) if to the Company, to it at
225 Belleville Avenue, Bloomfield, New Jersey 07003, Attention: Chief Executive
Officer and (b) if to the Warrantholder to the Warrantholder at the address set
forth on the signature page hereto. Each party hereto may from time to time
change the address to which such party's notices are to be delivered or mailed
hereunder by notice in accordance herewith to the other party.

SECTION XII. SUCCESSORS.

     All the covenants and provisions of this Warrant by or for the benefit of
the Company or the Warrantholder shall bind and inure to the benefit of their
respective successors and assigns hereunder.

SECTION XIII. APPLICABLE LAW.

     This Warrant shall be deemed to be a contract made under the laws of the
State of Delaware applicable to agreements made and to be performed entirely in
Delaware and for all purposes shall be construed in accordance with the internal
laws of Delaware without giving effect to the conflicts of laws principles
thereof.

SECTION XIV. BENEFITS OF THIS WARRANT.

     Nothing in this Warrant shall be construed to give to any person or
corporation other than the Company and the Warrantholder any legal or equitable
right, remedy or claim under this Warrant and this Warrant shall be for the sole
and exclusive benefit of the Company and the Warrantholder.

                                       12
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Warrant
Certificate or caused this Warrant Certificate to be duly executed as of the day
and year first above written.

ALFACELL CORPORATION

By: ______________________
Name: Kuslima Shogen
Title: Chairman and Chief
       Executive Officer

WARRANTHOLDER

-------------------------
Name:

Address:

------------------------
Social Security or
Taxpayer Identification Number

                                       13
<PAGE>

                                  PURCHASE FORM

     The undersigned hereby irrevocably elects to exercise the Warrant
represented by this Warrant Certificate to the extent of _____ shares of Common
Stock, par value $.001 per share, of Alfacell Corporation, and hereby makes
payment of $_______ in payment of the actual exercise price thereof.

Name: _____________________________________________________________
                (Please type or print in block letters)

Address:_________________________________________________________
               (Address for delivery of Stock Certificate)

Social Security or
Taxpayer Identification Number:__________________________________

Signature:_______________________________________________________

                                       14
<PAGE>

                                 ASSIGNMENT FORM

FOR VALUED RECEIVED, _____________________________ hereby sells,
assigns and transfers unto ______________________________________
                          (Please type or print in block letters)

Address__________________________________________________________ the right to
purchase Common Stock, par value $.001 per share, of Alfacell Corporation,
represented by this Warrant Certificate to the extent of __________ shares as to
which such right is exercisable and does hereby irrevocably constitute and
appoint ______________________, to transfer the same on the books of the Company
with full power of substitution in the premises.

--------------------------
        Signature

Dated:
      --------------------

                                                     Notice: The signature of
                                                     this assignment must
                                                     correspond with the name as
                                                     it appears upon the face of
                                                     this Warrant Certificate in
                                                     every particular, without
                                                     alteration or enlargement
                                                     or any change whatever.

SIGNATURE GUARANTEED:

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

                                       15

<PAGE>

             Schedule to April 2001 Private Placement

Name                  Number of Units     Purchase Price

James McCash          50,000              $45,000
Donna McCash          22,222              $19,999
Corinne Champagne     30,000              $27,000
Colleen Lowe          30,000              $27,000
David McCash          30,000              $27,000
Michael McCash        30,000              $27,000
Mary Thompson         30,000              $27,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00027-of-00352.parquet"}]]