Restructuring And Sample Contracts

RESTRUCTURING AND OFFSET AGREEMENT

Restructuring And • December 26th, 2001 • Lee Pharmaceuticals • Perfumes, cosmetics & other toilet preparations • California

• Contract Type
  Restructuring And
• Filed
  December 26th, 2001
• Company
  Lee Pharmaceuticals
• Industry
  Perfumes, cosmetics & other toilet preparations
• Jurisdiction
  California

This RESTRUCTURING AND OFFSET AGREEMENT (the "Agreement") is entered into by and among AP Pharma, Inc. (formerly Advanced Polymer Systems, Inc.), a Delaware corporation ("AP"), Premier Consumer Products, Inc., a Delaware Corporation ("Premier") and Lee Pharmaceuticals, Inc., a California company ("Lee") as of this __ day of July 23, 2001.