Document:

EMPLOYMENT AGREEMENT

     The Employment Agreement is made and entered into effective as of the 1st
day of December, 2001, by and between 360House.com, Inc., a Utah corporation
("Company") and Andy Evans ("Employee").

     WHEREAS, the Company is engaged in the business of providing virtual home
tours for real estate brokers and agents via the Internet; and,

     WHEREAS, the Employee has extensive experience in the Company's business
and desires to utilize his experience in providing administration services to
the Company on the terms and conditions contained herein.

     NOW, THEREFORE, in consideration of the mutual covenants and obligations
herein after set forth, the parties agree as follows:

     1.  Employment.  The Company hereby employs the Employee, and the
Employee hereby accepts employment by the Company, upon the terms and
conditions hereinafter set forth.

     2.  Term.  The Employee shall be employed by the Company for a period of
five years ("Employment Period") commencing upon the date hereof (the"
Commencement Date").

     3.  Duties.  The Employee shall be engaged as the Vice-President and
Chief Technical Officer of the Company.  The Employee shall perform such
duties and services, consistent with the Employee's position, as may be
assigned to the Employee from time to time by the Board of Directors.  In
furtherance of the foregoing, the Employee hereby agrees to perform well and
faithfully the aforesaid duties and responsibilities and the other reasonable
executive duties and responsibilities assigned to the Employee from time to
time by the Board of Directors.

     4.  Time Devoted to Employment.  During the Employment Period the
employee shall devote his full time efforts to the Company's business.  During
the Employment Period the Employee may be engaged in other business pursuits,
including, but not limited to the management of Employee's individual
investments, as long as such other business pursuits do not interfere with the
Employee effectively discharging his responsibilities to the Company.

     5.  Compensation; Reimbursements.

     (a) The Company shall pay to the Employee a base salary of $120,000 per
year ("Base Salary"), payable in such installments as is the policy of the
Company with respect to the employees of the Company at substantially the same
employment level as the Employee.

     (b) In addition to the base salary, the Employee shall be entitled to one
half of the Company executive "Bonus Pool".  The Bonus Pool shall be an amount
equal to 25% of the net income before interest,  taxes, depreciation, and
amortization of the Company ("EBITDA") computed in accordance with Generally
Accepted Accounting Principles, consistently applied.

     Amounts due to the Employee from the Bonus pool shall be paid on or
before fifteen days after the end of each of the Company's fiscal quarters.

     (c) During the Employment Period, the Employee shall be entitled to such
fringe benefits as are made available from time to time to full time employees
of the Company and to such other bonuses as may be granted by the Board of
Directors from time to time.

     (d) The Company shall reimburse Employee, in accordance with the practice
from time to time for other employees of the Company, for all reasonable and
necessary traveling expenses and other disbursements incurred by the Employee
for or on behalf of the Company in the performance of his duties hereunder.

     6.  Involuntary Termination.

     If the Employee is incapacitated or disabled by accident, sickness or
otherwise so as to render the Employee mentally or physically incapable of
performing the services required to be performed by the employee under this
Agreement for a period of 90 consecutive days or longer, or for a total of 90
days during any six-month period (such conditions being herein referred to as
"Disability"), the Company may, at that time or any time thereafter as along
as the Disability continues, at its option, terminate the employment of the
employee under this Agreement immediately upon giving the employee notice to
that effect, which termination shall be an Involuntary Termination for
purposes of this Agreement.  If the Employee dies during the Employment
Period, the Employee's employment hereunder shall be deemed to be an
Involuntary Termination as of the date of the employee's death.

     7.  Termination for Cause.

     The Company, upon approval of the Board (including not less that one of
the Initial Board Members, Andy Evans and Glade Jones), may terminate the
employment of the Employee hereunder at any time during the Employment Period
for "Cause" (such termination being hereinafter called a "Termination for
Cause") by giving the Employee notice of such termination, upon the giving of
which, such termination shall take effect immediately.  For purposes of this
Section 7, Cause shall mean (a) the Employee's willful misconduct with respect
to the business and affairs of the Company or any subsidiary or affiliate
thereof or (b) the commission by the Employee of a crime involving moral
turpitude or crime involving fraud.

     8.  Termination Without Cause.

     The Company may terminate the employment of the Employee hereunder at any
time during the Employment Period without "Cause" (such termination being
hereinafter referred to as a "Termination Without cause") by giving the
Employee notice of such termination, such termination to take effect on the
date specified in such notice.

     9.  Voluntary Termination.

     Any termination of the employment of the Employee hereunder otherwise
than as a result of an Involuntary Termination, a Termination for Cause or a
Termination without Cause shall be deemed to be a "Voluntary Termination".  A
Voluntary Termination shall be deemed to be effective immediately upon notice
of such termination.

     10.  Effect of Termination of Employment.

     (a) Upon the termination of the Employee's employment hereunder pursuant
to a Voluntary Termination, an Involuntary Termination, or a Termination for
Cause, neither the Employee nor the Employee's estate or beneficiaries shall
have any further rights or claims against the Company under this Agreement
except to receive:

          (i) the unpaid portion of the Base Salary provided for in Section
5(a), computed on a pro rata basis to the date of termination;

          (ii) reimbursement for any expenses for which the Employee shall not
have therefore been reimbursed as provided in Section 5(d).

     (b) Upon the termination of the Employee's employment hereunder pursuant
to a Termination Without Cause, neither the Employee nor the Employee's
beneficiaries nor estate shall have any further rights or claims against the
Company under this Agreement except: (a) to receive an amount computed
pursuant to paragraph (a) of this Section 10; (b) an amount equal to the
balance of the Base Salary for the Employment Period;  and (c) in the event of
litigation concerning the payment of any amount specified in this Section, the
Company agrees to pay all costs of enforcement incurred by the Employee,
including, without limitation, attorney's fees,  as long as the Employee
prevails in such litigation.

     11.   Disclosure of Information.

     The Employee agrees that the Employee will not, at any time during or
after the Employment Period, disclose to any person, firm, corporation or
other business entity, except as required by law, any non-public information
concerning the business, clients, or affairs of the Company or any subsidiary
or affiliate thereof, including, without limitation, any information
concerning the business, clients or affairs of the Company (the "Confidential
Information"), for any reason or purpose whatsoever nor shall the employee
make use of any of the Confidential Information for the Employee's own
purposes or for the benefit of any person, firm, corporation or other business
entity except the Company or any subsidiary or affiliate thereof.  For
purposes of this Employment Agreement the Confidential Information shall not
include (i) information which is in the public domain at the time of receipt
thereof by the Employee; (ii)  becomes part of the public domain through no
act or omission of the Employee and (iii) information which the Employee can
show was lawfully within the Employee's possession prior to the commencement
of the Employee's employment with the Company.

     12.  Non-Compete.

     The Employee agrees that the execution and fulfillment of the terms of
this agreement are a material and germane part of his employment.  For a
period of two (2) years after the date of any termination of this Agreement,
he shall not, without the Company's prior written consent, directly or
indirectly own, manage, operate, join, control or participate in the
ownership, management, operation, development, control of, or be connected as
a director, officer employee, partner, consultant or otherwise with any profit
or non-profit business or organization in any part of the United states, that
directly or indirectly competes with the Company.  The Employee agrees that
technological developments which he invents or produces while employed by the
Company are the proprietary property of the Company and he agrees to maintain
in confidence and not disclose to any third party, any ideas, methods,
developments, inventions, improvements and business plans and information that
are the confidential information of the Company.  In the event the agreements
in this Section 12 shall be determined by any court of competent jurisdiction
to be unenforceable by reason of its extending for too great a period of time
or over too great a geographical area or by reason of its being too extensive
in any other respect, it shall be interpreted to extend only to the maximum
period of time for which it may be enforceable and/or to the maximum
geographical area for which it may be enforceable, all as determined by such
court in such action or by arbitration as set forth hereafter.

     13.  Enforcement.

     It is the desire and intent of the parties hereto that the provisions of
this Agreement shall be enforced to the fullest extent permissible under the
laws and public policies applied in each jurisdiction in which enforcement is
sought.  Accordingly, to the extent that a restriction contained in this
Agreement is more restrictive than permitted by the laws of any jurisdiction
where this Agreement may be subject to review and interpretation, the terms of
such restriction, for the purpose only of the operation of such restriction in
such jurisdiction, shall be the maximum restriction allowed by the laws of
such jurisdiction and such restriction shall be deemed to have been revised
accordingly herein.

     14.  Remedies.

     The Employee acknowledges and understands hat the provisions of this
Agreement are of a special and unique nature, the loss of which cannot be
accurately compensated for in damages or an action at law, and that the breach
or threatened breach of the provisions of this Agreement may cause the Company
irreparable harm.  In the event of a breach or threatened breach by the
Employee of the provisions of Sections 11 or 12 hereof, the Company shall be
entitled to an injunction restraining the Employee from such breach.  Nothing
herein contained shall be construed as prohibiting the company from pursuing
any other remedies available for any breach or threatened breach of this
Agreement.

     15.  Mandatory Arbitration.

     Every dispute, controversy or claim arising out of or relating to the
Employee's employment by the Company or his termination will be settled by
binding arbitration in Salt Lake County in accordance with the then current
rules of the American Arbitration Association ("AAA"), before an experienced
employment arbitrator licensed to practice law in the State of Utah.  Each of
the Company and Employee acknowledges and agrees that any claim shall be
governed by the internal laws of the State of Utah without regard to the laws
that might otherwise apply under applicable principles of conflicts of laws.
The prevailing party to any such action shall be entitled to recover, in
addition to any other relief granted, its attorneys' fees and costs.

     16.  Notices.

     Notices and other communications hereunder shall be in writing and shall
be delivered personally or sent by air courier, first class certified or
registered mail, return receipt requested and postage prepaid, or facsimile,
addressed as follows:

          If to the Company:

                         360House.com, Inc.
                         503 N. 400 W.
                         Salt Lake City, Utah 84103

          If to the Employee:

                         Andy Evans

All notices and other communications given to any party hereto in accordance
with the provisions of this Agreement shall be deemed to have been given on
the date of delivery if personally delivered or by facsimile; on the business
day after the date when sent if sent by air courier; and on the third business
day after the date when sent if sent by mail, in each case addressed to such
party as provided in this Section or in accordance with the latest unrevoked
direction from such party.

     17.  Binding Agreement; Benefit.

     The provisions of this Agreement will be binding upon, and will inure to
the benefit of, the respective heirs, legal representatives and successors of
the parties hereto.

     18.  Governing Law .

     This Agreement will be governed by, and construed and enforced in
accordance with, the laws of the State of Utah.

     19. Other.

     The waiver by any party of a breach of any provision of this Agreement
must be in writing and shall not operate or be construed as a waiver of any
subsequent breach by such other party.

     This Agreement contains the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior agreements or
understandings among the parties with respect thereto. This Agreement may be
amended only by an agreement in writing signed by the parties hereto.

     The section headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of
this Agreement.

     Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction 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 not invalidate or render unenforceable such provision in
any other jurisdiction.

     This Agreement is personal in its nature and the parties hereto shall
not, without the consent of the other, assign or transfer this Agreement or
any rights or obligations hereunder; provided, however, that the company may
assign its rights and obligations under this agreement to any subsidiary or
affiliate of the company and the provisions hereof shall inure to the benefit
of, and be binding upon each successor of the company, whether by merger,
consolidation, transfer of all or substantially all of its assets, or
otherwise.

     IN WITNESS WHEREOF, the parties have duly executed this agreement as of
the date first above written.

EMPLOYEE                              COMPANY

  /s/ Andy Evans                      /s/ Glade M. Jones
-------------------------------       ------------------------------------
     Andy Evans                       360House.com, Inc.
                                      By Glade M. Jones, its President<PAGE>
                                                                    EXHIBIT 4.15

THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE AND THE SHARES OF STOCK
ISSUABLE UPON EXERCISE HEREOF HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), OR ANY SECURITIES LAWS OF A STATE OR OTHER JURISDICTION AND MAY NOT UNDER
ANY CIRCUMSTANCES BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT
TO (i) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, OR (ii) TO THE EXTENT APPLICABLE,
RULE 144 UNDER THE SECURITIES ACT (OR ANY SIMILAR RULE UNDER THE SECURITIES ACT
RELATING TO THE DISPOSITION OF SECURITIES) TOGETHER WITH AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
APPLICABLE STATE SECURITIES LAWS.

                            ATRIX LABORATORIES, INC.

                           WARRANT TO PURCHASE SHARES
                              OF ATRIX COMMON STOCK

                  THIS CERTIFIES THAT, for value received, FERGHANA PARTNERS
INC., a Delaware corporation, or its permitted transferees and successors as
provided herein (each, a "Holder"), is entitled to subscribe for and purchase up
to 13,649 shares, as adjusted pursuant to Section 4 (the "Shares"), of the fully
paid and nonassessable shares of Common Stock, par value $.001 (the "Atrix
Common Stock"), of ATRIX LABORATORIES, INC., a Delaware corporation (the
"Company"), at the price of U.S.$13.19 per share (such price, and such other
prices that shall result from time to time, from the adjustments specified in
Section 4, the "Warrant Price"), subject to the provisions and upon the terms
and conditions hereinafter set forth.

                  1. Term. Subject to the limitations set forth in Sections 4
and 5, the purchase right represented by this Warrant is exercisable, in whole
or in part, at any time, and from time to time, from and after the date hereof
and until 5:00 p.m. Eastern Time, April 3, 2004. To the extent not exercised at
5:00 p.m. Eastern Time on April 3, 2004, this Warrant shall completely and
automatically terminate and expire, and thereafter it shall be of no force or
effect.

                  2. Method of Exercise; Payment; Issuance of New Warrant.

                  (a) The purchase right represented by this Warrant may be
exercised by the Holder, in whole or in part and from time to time, by the
surrender of this Warrant (with the notice of exercise form attached hereto as
Annex A duly executed) at the

<PAGE>

principal office of the Company and by the payment to the Company of an amount
in cash or other immediately available funds of an amount equal to the Warrant
Price multiplied by the number of Shares being purchased pursuant to such
exercise of this Warrant.

                  (b) Notwithstanding anything to the contrary herein, if at any
time upon exercise of this Warrant, the Holder's ownership would exceed 19.9% of
the issued and outstanding shares of Atrix Common Stock on a fully diluted
basis, the Holder shall, to the extent of such excess, receive non-voting
securities of the Company.

                  (c) The persons or entities in whose name(s) any
certificate(s) representing Shares shall be issuable upon exercise of this
Warrant shall be deemed to have become the holder(s) of record of, and shall be
treated for all purposes as the record holder(s) of, the Shares represented
thereby (and such Shares shall be deemed to have been issued) immediately prior
to the close of business on the date or dates upon which this Warrant is
properly exercised and full payment for the Shares acquired pursuant to such
exercise is made. Upon any exercise of the rights represented by this Warrant,
certificates for the Shares purchased shall be delivered to the holder hereof as
soon as possible and in any event within 30 days of receipt of such notice and
payment, and unless this Warrant has been fully exercised or expired, a new
Warrant representing the portion of Shares, if any, with respect to which this
Warrant shall not then have been exercised shall also be issued to the holder
hereof as soon as possible and in any event within such 30-day period.

                  3. Stock Fully Paid, Reservation of Shares. All Shares that
may be issued upon the exercise of this Warrant will, upon issuance, be duly and
validly authorized and issued, fully paid and nonassessable, and will be free
from all transfer taxes, liens and charges with respect to the issue thereof and
assuming payment of the Warrant Price for all Shares so purchased, legally and
validly owned by the Holder. During the period within which this Warrant may be
exercised, the Company will at all times have authorized, and reserved for the
purpose of the issue upon the exercise of the purchase rights evidenced by this
Warrant, a sufficient number of shares of the Atrix Common Stock to provide for
the exercise of the rights represented by this Warrant.

                  4. Adjustment of Warrant Price and Number of Shares. The
number and kind of securities purchasable upon the exercise of this Warrant and
the Warrant Price shall be subject to the adjustment from time to time upon the
occurrence of certain events, as follows:

                  (a) Reclassification, Etc. In case of (i) any
reclassification, reorganization, change or conversion of securities of the
class issuable upon exercise of this Warrant (other than a change in par value,
or from par value to no par value), or (ii) any merger or consolidation of the
Company with or into another entity (other than a merger or consolidation with
another entity in which the Company is the acquiring and the surviving entity
and that does not result in any reclassification or change of outstanding
securities issuable upon exercise of this Warrant), or (iii) any sale or lease
of

                                       2
<PAGE>

all or substantially all the assets of the Company, then the Company, or such
successor or purchasing entity, as the case may be, shall duly execute and
deliver to the holder of this Warrant a new Warrant or a supplement hereto (in
form and substance reasonably satisfactory to the holder of this Warrant), so
that the Holder shall have the right to receive, at a total purchase price not
to exceed that payable upon the exercise of the unexercised portion of this
Warrant, and in lieu of the shares of the Atrix Common Stock theretofore
issuable upon the exercise of this Warrant, the kind and amount of shares of
stock and other securities, receivable upon such reclassification,
reorganization, change or conversion by a holder of the number of shares of the
Atrix Common Stock then purchasable under this Warrant. Such new Warrant shall
provide for adjustments that shall be as nearly equivalent as may be practicable
to the adjustments provided for in this Section 4. The provisions of this
Section 4(a) shall similarly attach to successive reclassifications,
reorganizations, changes, conversions, mergers, consolidations or asset sales.

                  (b) Split, Subdivision or Combination of Shares. If the
Company at any time during which this Warrant remains outstanding and unexpired
shall split, subdivide or combine the Atrix Common Stock, (i) in the case of a
split or subdivision, the Warrant Price shall be proportionately decreased and
the number of Shares purchasable hereunder shall be proportionately increased,
and (ii) in the case of a combination, the Warrant Price shall be
proportionately increased and the number of Shares purchasable hereunder shall
be proportionately decreased.

                  (c) Stock Dividends; Etc. If at any time prior to the earlier
of the exercise or expiration hereof the Company shall fix a record date for the
effectuation of a split or subdivision of the outstanding shares of Atrix Common
Stock or the determination of holders of Atrix Common Stock entitled to receive
a dividend or other distribution payable in additional shares of Atrix Common
Stock or other securities or property or rights convertible into, or entitling
the holder thereof to receive directly or indirectly, any of the foregoing
(hereinafter referred to as "Common Stock Equivalents") without payment of any
consideration by such holder for the additional shares of Atrix Common Stock or
the Common Stock Equivalents (including the additional shares of Atrix Common
Stock issuable upon conversion or exercise thereof), then this Warrant shall be
for, in addition to the number of shares of the Atrix Common Stock otherwise
deliverable upon exercise of this Warrant, and without adjustment to the Warrant
Price, the amount of such additional shares of Atrix Common Stock and any Common
Stock Equivalents that the holder hereof would have received or become entitled
to receive on the same terms and conditions as if such holder had been a holder
of record of such Atrix Common Stock as shall have been deliverable immediately
prior to such record date pursuant to the terms of this Section 4, unless such
record date is fixed and such dividend is not paid or if such distribution,
split or subdivision is not fully made on the date fixed therefor.

                  (d) No Impairment. The Company will not, by amendment of its
Certificate of Incorporation, any certificate of designations or bylaws or
through any reorganization, recapitalization, transfer of assets, consolidation,
merger, dissolution,

                                       3
<PAGE>
issue or sale of securities or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms to be observed or
performed hereunder by the Company, but will at all times in good faith assist
in the carrying out of all the provisions of this Section 4 and in the taking of
all such action as may be necessary or appropriate in order to protect the
rights of the Holder against impairment.

                  (e) Notice of Adjustments. Whenever the Warrant Price or the
number of Shares purchasable hereunder shall be adjusted pursuant to this
Section 4, the Company shall prepare a certificate setting forth, in reasonable
detail, the event requiring the adjustment, the amount of the adjustment, the
method by which such adjustment was calculated. Such certificate shall be signed
by its chief financial officer and shall be delivered to the Holder.

                  (f) Fractional Shares. No fractional shares of Atrix Common
Stock will be issued in connection with any exercise hereunder, but in lieu of
such fractional shares the Company shall make a cash payment therefor based on
the fair market value of the Atrix Common Stock on the date of exercise as
reasonably determined in good faith by the Company's Board of Directors.

                  (g) Cumulative Adjustments. No adjustment in the Warrant Price
shall be required under this Section 4 until cumulative adjustments result in a
concomitant change of 1% or more of the Warrant Price or in the number of shares
of Atrix Common Stock purchasable upon exercise of this Warrant as in effect
prior to the last such adjustment; provided, however, that any adjustment that
by reason of this Section 4 are not required to be made shall be carried forward
and taken into account in any subsequent adjustment. All calculations under this
Section 4 shall be made to the nearest cent or to the nearest one-hundredth of a
share, as the case may be.

                  5. Compliance with Securities Act; Disposition of Warrant or
Shares of Atrix Common Stock.

                  (a) The Holder, by acceptance hereof, agrees that this Warrant
and the Shares to be issued upon exercise hereof are being acquired for
investment and that such holder will not offer, sell or otherwise dispose of
this Warrant or any Shares to be issued upon exercise hereof except under
circumstances which will not result in a violation of applicable securities
laws. Upon exercise of this Warrant, unless the Shares being acquired are
registered under the Securities Act of 1933, as amended (the "Act"), or an
exemption from the registration requirements of the Act is available, the Holder
shall confirm in writing, by executing an instrument in form reasonably
satisfactory to the Company, that the Shares so purchased are being acquired for
investment and not with a view toward distribution or resale. This Warrant and
all Shares issued upon exercise of this Warrant (unless registered under the
Act) shall be stamped or imprinted with a legend in substantially the following
form:

         "THE SECURITIES REPRESENTED BY THIS WARRANT CERTIFICATE AND THE SHARES
         OF STOCK ISSUABLE UPON EXERCISE HEREOF HAVE BEEN ACQUIRED FOR

                                       4
<PAGE>

         INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933 (THE "SECURITIES ACT"), AS AMENDED, OR ANY SECURITIES LAWS OF A
         STATE OR OTHER JURISDICTION AND MAY NOT UNDER ANY CIRCUMSTANCES BE
         SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO (i) AN
         EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY
         APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, OR (ii) TO THE EXTENT
         APPLICABLE, RULE 144 UNDER THE SECURITIES ACT (OR ANY SIMILAR RULE
         UNDER THE SECURITIES ACT RELATING TO THE DISPOSITION OF SECURITIES)
         TOGETHER WITH AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
         REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR APPLICABLE STATE
         SECURITIES LAWS."

                  (b) (i) This Warrant may not be transferred or assigned by
either party without the prior written consent of the other. Subject to the
foregoing, this Warrant and all of the provisions hereof shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and permitted assigns; provided, however, that the transferor and the Company
shall continue to be liable and obligated for their respective obligations
hereunder after any such assignment.

                      (ii) With respect to any offer, sale or other disposition
of this Warrant or any Shares acquired pursuant to the exercise of this Warrant
prior to registration of such Shares, the Holder shall give written notice to
the Company prior thereto, describing briefly the manner thereof, together with
a written opinion of such Holder's counsel, if requested by the Company, to the
effect that such offer, sale or other disposition may be effected without
registration or qualification (under the Act or any other federal or state law
then in effect) of this Warrant or such Shares and indicating whether or not
under the Act certificates for this Warrant or such Shares to be sold or
otherwise disposed of require any restrictive legend as to applicable
restrictions on transferability in order to ensure compliance with the Act.
Promptly upon receiving such written notice and reasonably satisfactory opinion,
if so requested, the Company shall notify such Holder that such Holder may sell
or otherwise dispose of this Warrant or such Shares, all in accordance with the
terms of the notice delivered to the Company. Each certificate representing this
Warrant or the Shares thus transferred shall bear a legend as to the applicable
restrictions on transferability in order to insure compliance with the Act,
unless in the aforesaid opinion of counsel for the Holder such legend is not
required in order to insure compliance with the Act. The Company may issue stop
transfer instructions to its transfer agent in connection with such
restrictions.

                  6. Rights as Stockholders. No Holder, as such, shall be
entitled to vote or receive dividends or be deemed the holder of Shares or any
other securities of the Company which may at any time be issuable on the
exercise hereof for any purpose, nor

                                       5
<PAGE>

shall anything contained herein be construed to confer upon the Holder, as such,
any right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof, or to receive notice of meetings, or to
receive dividends or subscription rights or otherwise until this Warrant is
exercised and the Shares purchasable upon the exercise hereof shall have become
deliverable, as provided herein.

                  7. Issue Tax. The issuance of certificates for shares of Atrix
Common Stock upon the exercise of this Warrant shall be made without charge to
Holder for any issue tax (other than any applicable income taxes) in respect
thereof; provided, however, that the Company shall not be required to pay any
tax which may be payable in respect of any transfer involved in the issuance and
delivery of any certificate in a name other than that of Holder.

                  8. Miscellaneous.

                  (a) This Warrant may not be modified or amended, or any
provisions hereof waived, except by written agreement of the Company and the
Holder.

                  (b) All notices, demands and requests of any kind to be
delivered to any party in connection with this Note shall be in writing and
shall be deemed to have been duly given if personally or hand delivered or if
sent by an internationally-recognized overnight delivery courier or by
registered or certified mail, return receipt requested and postage prepaid, or
by facsimile transmission addressed as follows:

                  (i)      if to the Company, to:

                           Atrix Laboratories, Inc.
                           2579 Midpoint Drive
                           Fort Collins, Colorado 80525
                           Attention: Chief Financial Officer
                           Facsimile: (970) 482-9735

                           with a copy to:
                           Morrison & Foerster LLP
                           370 17th Street, Suite 5200
                           Denver, Colorado 80202
                           Attention: Warren L. Troupe, Esq.
                           Facsimile: (303) 592-1510

                  (ii)     if to Holder, to:

                           Ferghana Partners Inc.
                           420 Lexington Avenue, Suite 1701
                           New York, New York  10170
                           Attention:  Managing Director
                           Facsimile:  (212) 883-9395

                                       6
<PAGE>

                  (c) The Company covenants to the Holder that upon receipt of
evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Warrant and, in the case of any such loss, theft or
destruction, upon receipt of a bond or indemnity reasonably satisfactory to the
Company, or in the case of any such mutilation upon surrender and cancellation
of such Warrant, the Company will make and deliver a new Warrant, of like tenor,
in lieu of the lost, stolen, destroyed or mutilated Warrant.

                  (d) The descriptive headings of the several sections and
paragraphs contained in this Warrant are for reference purposes only and shall
not affect in anyway the meaning or interpretation of this Warrant.

                  (e) This Warrant shall be governed by and construed in
accordance with the internal laws of the State of Colorado, without giving
effect to the principles of conflicts of laws. Any dispute under this Warrant
that is not settled by mutual consent shall be finally adjudicated by any
federal or state court sitting in the City and County of Denver, Colorado, and
the Holder consents to the exclusive jurisdiction of such courts (or any
appellate court therefrom) over any such dispute.

                  (f) This Warrant may be signed and delivered to the other
party by a facsimile transmission; such transmission shall be deemed a valid
signature.

                            [Signature page follows]

                                       7
<PAGE>

                  IN WITNESS WHEREOF, the Company has executed this Warrant as
of the 4th day of April, 2001.

                                        ATRIX LABORATORIES, INC.

                                        By:  /s/ David R. Bethune
                                           -------------------------------------
                                           Name:  David R. Bethune
                                           Title: Chairman and Chief Executive
                                                    Officer

                                       8
<PAGE>

                                                                         Annex A

                               NOTICE OF EXERCISE

To:      Atrix Laboratories, Inc.

                  1. The undersigned hereby elects to purchase _____ shares of
Atrix Common Stock of Atrix Laboratories, Inc., a Delaware corporation, pursuant
to the terms of the attached Warrant, and tenders herewith full payment of the
purchase price of such shares, in cash or other immediately available funds.

                  2. Please issue a certificate or certificates representing
said shares in the name of the undersigned or in such other name or names as are
specified below:

                                      (Name)
--------------------------------------

--------------------------------------
                                      (Address)
--------------------------------------

                  3. The undersigned represents that the aforesaid shares are
being acquired for the account of the undersigned for investment and not with a
view to, or for resale in connection with, the distribution thereof and that the
undersigned has no present intention of distributing or reselling such shares,
and that the undersigned will not offer, sell or otherwise dispose of any such
securities except under circumstances that will not result in a violation of
applicable federal and state securities laws.

Signature:
            --------------------------

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

Address:
          ----------------------------

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

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

Social Security or taxpayer identification number:

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

                                       A-1

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