0001140361-12-038464 Sample Contracts

BIOTIME, INC. $25,000,000 of Shares of Common Stock (no par value per share) Controlled Equity OfferingSM Sales Agreement
Sales Agreement • August 27th, 2012 • Biotime Inc • Biological products, (no disgnostic substances) • New York

BioTime, Inc., a California corporation (the “Company”), confirms its agreement (this “Agreement”) with Cantor Fitzgerald & Co. (the “Agent”), as follows:

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