0001193125-06-183042 Sample Contracts

NOTICE OF BREACH AND TERMINATION
Notice of Breach and Termination • August 31st, 2006 • Biodelivery Sciences International Inc • Pharmaceutical preparations

We make reference to the Clinical Development and License Agreement dated as of July 14, 2005 among BioDelivery Sciences International, Inc, (“BDSI”), Clinical Development Capital LLC (together with its successors and assigns, “CDC”), and Arius Pharmaceuticals, Inc. (such agreement, as amended, the “CDLA”).

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