0001169232-09-003749 Sample Contracts

STRICTLY PRIVATE & CONFIDENTIAL
Arrangement Agreement • August 26th, 2009 • Vasogen Inc • Surgical & medical instruments & apparatus • Ontario

This letter is sent to you by each of IntelliPharmaCeutics Ltd. (“IPC”) and a company with which IPC would like to complete the transactions described below (the “Transactions”), which company is called Vasogen Inc. (“Vasogen”).

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ARRANGEMENT AGREEMENT
Arrangement Agreement • August 26th, 2009 • Vasogen Inc • Surgical & medical instruments & apparatus • Ontario

INTELLIPHARMACEUTICS CORP., an unlimited liability corporation incorporated under the laws of the Province of Nova Scotia

CERVUS LP AND CERVUS GP SECURITYHOLDER SUPPORT AGREEMENT
Securityholder Support Agreement • August 26th, 2009 • Vasogen Inc • Surgical & medical instruments & apparatus • Alberta

This letter agreement sets out the terms and conditions upon which the Supporting Securityholder agrees, among other things, to support the Arrangement.

ARRANGEMENT AGREEMENT Between CERVUS LP and CERVUS GP LTD. and VASOGEN INC. August 14, 2009
Arrangement Agreement • August 26th, 2009 • Vasogen Inc • Surgical & medical instruments & apparatus • Ontario

WHEREAS the Vendor desires to sell to the Purchaser, and the Purchaser desires to purchase from the Vendor, all of the Assets (as defined below); and

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