0001047469-11-000117 Sample Contracts

UNSECURED CONVERTIBLE PROMISSORY NOTE
Unsecured Convertible Promissory Note • January 12th, 2011 • Clarus Therapeutics Inc • Pharmaceutical preparations

This Note is one of a series of notes (collectively, the "Notes") being issued from time-to-time pursuant to, and is subject to the terms and conditions of, the Note and Warrant Purchase Agreement by and among the Company, the Holder and the other parties thereto, dated as of November , 2010, as amended (the "Agreement"). Capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Agreement.

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