0001104659-11-009742 Sample Contracts

JOINT FILING AGREEMENT
Joint Filing Agreement • February 24th, 2011 • Kingstown Capital Partners, LLC • Pharmaceutical preparations

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Shares, without par value, of CPEX Pharmaceuticals, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

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George P. Bauer
Trade Confirmation Agreement • February 24th, 2011 • Kingstown Capital Partners, LLC • Pharmaceutical preparations

This letter serves as an agreement and trade confirmation for the sale by the undersigned of shares of CPEX Pharmaceuticals, Inc. (the “Company”) common stock, par value $0.01 per share (the “Shares”) to Kingstown Capital Partners, LLC and its affiliates (to be allocated among them as determined by Kingstown Capital Partners, LLC in its sole and absolute discretion) (the “Buyer”), as follows:

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