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Exhibit 10.7 November 30, 2004
    
    Revised
 Matthew E. Czajkowski
1083 Burning Tree Drive
Chapel Hill, NC 27517 Dear Mr. Czajkowski: On behalf of aaiPharma, Inc., I am pleased to offer you the position as Executive Vice President,
Chief Financial Officer. We look forward to your contribution to aaiPharma. This letter will
serve to confirm the terms and conditions of our offer of employment. Compensation 
Your annual salary will be TWO HUNDRED AND FIFTY-FIVE THOUSAND DOLLARS ($255,000), with gross
amounts equal to 1/26 of the total annual salary paid every other week. Compensation is based upon
work actually performed. It is, therefore, terminable upon the severance of the employment
relationship by either you or aaiPharma at any time for any reason. Stock Options 
Effective as of your date of hire, you will be granted options to purchase 145,000 shares of
aaiPharma common stock pursuant to the terms and conditions set forth in aaiPharmas 1997 Stock
Option Plan, a copy of which is attached. Bonus and Restricted Stock Grant 
You will be entitled to receive a Bonus and a Restricted Stock Grant of 50,000 shares of restricted
stock upon commencement of your employment. Fifty percent (50%) of the grant will vest after six
months of employment; the remaining shares will vest on your one-year employment anniversary date.
This Restricted Stock will contain a customary legend and the Restricted Stock will be forfeited if
you leave the Companys employment prior to the applicable vesting period. After the one-year anniversary of employment, you will be eligible to participate in the annual
performance bonus program consistent with the program provided other executives at this level.




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Matthew E. Czajkowski
Page 2
November 30, 2004 Starting Date of Employment 
We would like to target your start date on December 1, 2004. If this is not suitable, please
contact the Human Resources Department as soon as possible. We will work with you to establish a
mutually agreed upon start date. Upon reporting to work, you must provide proof of your identity
for Employment Eligibility Verification in compliance with the Immigration Reform and Control Act
of 1986. Prior to commencing work, the aaiPharma Human Resources Department should have received a
fully completed and signed Employment Application and a copy of your transcript for the highest
degree you have obtained. Benefits 
Enclosed for your review is a Benefit Summary along with handbooks, which will give you detailed
information on the coverage and benefits offered. Vacation will be credited to you at the rate
applicable to employees who have 9.5 years of service. Please refer to the Employee Benefit
Summary for applicable credit hours. Relocation 
aaiPharma is willing to assist you in relocating, subject to the terms and conditions of the
attached Relocation Addendum. Employee Physical 
After reporting to work, a post-offer physical examination will be scheduled for you by the Human
Resources Department. This examination will include a drug and alcohol screening. aaiPharma
reserves the right to conduct random and periodic drug and alcohol testing during the term of your
employment. Other Contingencies to Offer 
This offer is contingent upon the results of appropriate background inquiries as to matters that
may compromise your position with aaiPharma. As you may be aware, the pharmaceutical industry is a
highly regulated industry with the FDA and the DEA having significant oversight responsibilities.
Therefore, please complete the attached background investigation form and return it with your
signed copy of this offer. Please recognize that these inquiries are based upon business
necessity, however, they may not be completed prior to your starting date. In addition, this offer
is contingent upon you fully and accurately completing the Employment Application prior to
commencing employment.




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Matthew E. Czajkowski
Page 3
November 30, 2004 The enclosed Confidentiality and Non-Compete Agreement must be executed and returned to us along
with this offer letter. Please note carefully the provisions contained therein and execute the
agreement in the space indicated. Please note also paragraph 7, which requires you to list any
other obligations or understandings that may affect your ability to provide service to aaiPharma in
the job described. As stated under compensation, this offer of employment is for an indefinite term. Therefore,
either party may sever the employment relationship by notice to the other party at any time for any
reason. If the above terms and conditions are acceptable, please sign and date the two (2) originals
and return one original to Human Resources, marked confidential, at the address above within the
next week if possible. Please be aware that this letter and the enclosures identified in the
letter represent all of the terms of employment. We look forward to having you as a member of our team. Sincerely, /s/ John W. Harrington John W. Harrington
Executive Vice President, Human Resources
aaiPharma  ACCEPTED:
    
    /s/ Matthew E. CzajkowskiMatthew E. Czajkowski
    
    Starting Date