0001193125-04-153222 Sample Contracts

EQUITY LINE OF CREDIT AGREEMENT
Equity Line of Credit Agreement • September 8th, 2004 • Biodelivery Sciences International Inc • Pharmaceutical preparations • New Jersey

This EQUITY LINE OF CREDIT AGREEMENT (the “Agreement”) is made and entered into as of the 3rd day of September 2004 (the “Execution Date”) and effective for all purposes as of August 23, 2004 (the “Effective Date”) by and between Hopkins Capital Group II, LLC (the “Investor”) and BioDelivery Sciences International, Inc. (the “Company”).

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