0001168220-11-000049 Sample Contracts

Contract
Secured Convertible Subordinated Note • June 14th, 2011 • Uluru Inc. • Pharmaceutical preparations

THIS SECURITY AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS.

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SECURITY AGREEMENT
Security Agreement • June 14th, 2011 • Uluru Inc. • Pharmaceutical preparations • Texas

SECURITY AGREEMENT, dated as of June 13, 2011, between ULURU Inc., a Nevada corporation, (the "Company"), and Kerry P. Gray (hereinafter, the "Lender").

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