0001193125-04-092204 Sample Contracts

May 19, 2004 Dear SJ Strategic Investments LLC:
Stock Purchase Agreement • May 20th, 2004 • Columbia Laboratories Inc • Pharmaceutical preparations • New York

This letter sets forth the agreement of SJ Strategic Investments LLC (“Purchaser”) and Columbia Laboratories, Inc. (the “Company”) regarding the purchase by the Purchaser from the Company of an aggregate of two million (2,000,000) shares (the “Shares”) of the Company’s common stock, par value $.01 per share (the “Common Stock”) on the date hereof.

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