CONVERTIBLE SENIOR NOTES (Tables)

3 Months Ended

Mar. 31, 2013

CONVERTIBLE SENIOR NOTES

Schedule of assumptions used to establish the value of the Notes

The assumptions as of March 31, 2013 were:

	2013 Notes
Average risk-free rate	0.04	%
Volatility of BioSante common stock	35.6	%
Discount rate for principal payments in cash	20.0	%

The assumptions as of December 31, 2012 were:

	2013 Notes
Average risk-free rate	0.08	%
Volatility of BioSante common stock	79.9	%
Discount rate for principal payments in cash	19.4	%