0001088020-04-000046 Sample Contracts

COLLABORATIVE DEVELOPMENT AND MARKETING AGREEMENT
Collaborative Development and Marketing Agreement • September 13th, 2004 • Palatin Technologies Inc • Pharmaceutical preparations • New York

This COLLABORATIVE DEVELOPMENT AND MARKETING AGREEMENT is entered into as of August 12, 2004 (the “Effective Date”), by and between PALATIN TECHNOLOGIES, INC., a Delaware corporation having an address of Cedar Brook Corporate Center, 4C Cedar Brook Drive, Cranbury, New Jersey 08512 (“Palatin”) and KING PHARMACEUTICALS, INC., a Tennessee corporation having an address of 501 Fifth Avenue, Bristol, Tennessee 37620, (“King”). Each of King and Palatin is sometimes referred to individually herein as a “Party” and collectively as the “Parties”.

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SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • September 13th, 2004 • Palatin Technologies Inc • Pharmaceutical preparations • New York

This Securities Purchase Agreement (this “Agreement”) is made effective as of August 18, 2004 (the “Effective Date”) by and between Palatin Technologies, Inc. a Delaware corporation, with its principal place of business at Cedar Brook Corporate Center, 4C Cedar Brook Drive, Cranbury, New Jersey 08512 (the “Company”), and King Pharmaceuticals, Inc., a Tennessee corporation with a place of business at 501 Fifth Street, Bristol, Tennessee 37620 (the “Purchaser”). The Company and the Purchaser are sometimes hereafter referred to individually as a “Party” and together as the “Parties.” Capitalized terms not defined in this Agreement shall have the meaning given to them in the Collaborative Development and Marketing Agreement by and between the Company and the Purchaser, dated August 12, 2004 (the “Collaboration Agreement”).

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