DURECT CORPORATION 7,142,858 Shares Common Stock ($0.0001 par value) Underwriting AgreementUnderwriting Agreement • November 13th, 2013 • Durect Corp • Pharmaceutical preparations • New York
Durect Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”) for whom you are acting as representative (the “Representative”) an aggregate of 7,142,858 shares (the “Firm Shares”) of common stock, par value $0.0001 per share, of the Company (the “Common Stock”). The Firm Shares include 714,285 shares of Common Stock (the “Other Firm Shares”) to be purchased by a person previously agreed upon between the Company and the Underwriters. The Company also proposes to sell to the several Underwriters, at the option of the Underwriters, up to an additional 1,071,429 shares of common stock (the “Option Shares”). The Firm Shares and the Option Shares are hereinafter referred to collectively as the “Shares”.
