0001005794-06-000299 Sample Contracts

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • June 26th, 2006 • Ipix Corp • Services-business services, nec • New York

This Securities Purchase Agreement is entered into and dated as of June 23, 2006 (this “Agreement”), by and among IPIX Corporation, a Delaware corporation (the “Company”), and each of the purchasers identified on the signature pages hereto (each, a “Purchaser” and collectively, the “Purchasers”).

SECURITY AGREEMENT
Security Agreement • June 26th, 2006 • Ipix Corp • Services-business services, nec • New York

This SECURITY AGREEMENT, dated as of June 23, 2006 (the “Agreement”) is by and among IPIX Corporation, a Delaware corporation (the “Company”), the Purchasers identified on the signature pages hereto (each, a “Purchaser” and collectively, the “Purchasers”) and Iroquois Master Fund Ltd., as agent for the Purchasers (in such capacity, together with its successors in such capacity, the “Agent”).