NOTICE OF BREACH AND TERMINATIONNotice of Breach and Termination • September 1st, 2006 • CDC Iv LLC • 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”).
