Document:

Ferring
Pharmaceuticals, Inc.

    4
Gatehall Drive, 3rd
Floor

    Parsippany,
NJ  07054

     

    March
___, 2009

    

    Vyteris,
Inc.

    13-01
Pollit Drive

    Fair
Lawn, NJ   07410

    

    Ladies
and Gentlemen:

    

    Ferring
Pharmaceuticals, Inc., a Delaware corporation (“Ferring”), Vyteris,
Inc., a Delaware corporation (“Vyteris”), and
Vyteris, Inc., a Nevada corporation (“Parent”) hereby agree
as follows:

    

    1.     License
Agreement.   Reference is hereby made to the License and
Development Agreement dated as of September 27, 2004, as amended, between
Ferring and Vyteris (the “License
Agreement”).

     

    (a)           Attached
hereto as Schedule
1 is a draft of the calendar year 2009 “patch development budget”
provided by Vyteris to Ferring pursuant to Section 2.04 of the License Agreement
(the “2009 Patch
Development Budget”).  Promptly following the execution and
delivery of this letter agreement, Vyteris and Ferring shall agree upon a final
2009 Patch Development Budget.  The existing 50/50 sharing arrangement
with respect to annual development costs incurred to carry out the Development
Plan described in the License Agreement shall remain in
place.  However, solely with respect to up to $6,600,000 of the 2009
Patch Development Budget, Ferring agrees that, subject to adequate confirmation
and approval by Ferring, in its sole reasonable discretion, regarding the use of
such funds consistent with the Development Plan, Ferring shall pay half of such
budgeted amount ($3,300,000) in full first.  With respect to each such
payment made by Ferring with respect to calendar year 2009 (including, without
limitation, prior to the execution of this letter agreement) in excess of the
amounts due in accordance with the original 50/50 sharing arrangement (the
“Excess
Amounts”), Ferring shall be deemed to have paid such Excess Amounts on
account of and on behalf of Vyteris’s obligation under the existing 50/50
sharing arrangement; and such Excess Amounts shall be deemed loans by Ferring to
Vyteris (which loans Vyteris shall repay to Ferring (i) by making payment, on
account of and for the benefit of Ferring, of Ferring’s 50/50 sharing obligation
with respect to the second half of such $6,600,000 ($3,300,000) of such
Development Costs, but in any event, no later than December 31, 2009, or (ii) if
earlier, upon the termination of the License Agreement or the breach by Vyteris
or Parent of the License Agreement, the Supply Agreement (as defined below), the
Technical Agreement (as defined below), or any of the Transaction Documents (as
defined below).  In connection therewith, Vyteris shall invoice
Ferring on a semi-monthly basis based on actual costs incurred during the prior
semi-monthly period.  All such payments shall continue to be subject
to year-end reconciliation and the other provisions set forth in Section 2.04 of
the License Agreement.  With respect to any amounts in the final 2009
Development Patch Development Budget in excess of $6,600,000, such amounts shall
be paid after Ferring and Vyteris pay the amounts set forth in this paragraph
(and the original 50/50 sharing arrangement shall apply with respect
thereto).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           Section
5.05(b) of the License Agreement is hereby amended and restated to read in its
entirety as follows:

     

    “In each
subsequent twelve month period, the revenue share percentage that shall be paid
by Ferring to Vyteris shall be as follows:

     

    
      	
               
      

            	
              ·

            	
              *%
      of the first $100 million of Net Sales during such
  period;

            

    

     

    
      	
               
      

            	
              ·

            	
              *% of
      Net Sales between $100-200 million during such period;
  and

            

    

     

    
      	
               
      

            	
              ·

            	
              *% of
      Net Sales exceeding $200 million in each such
  period.”

            

    

     

    (c)           Except
as set forth above, the License Agreement shall remain in full force and
effect.

     

    2.           Supply
Agreement.  Reference is hereby made to the Supply Agreement
dated September 27, 2004, as amended, between Ferring and Vyteris the (“Supply Agreement”)
and the Technical Agreement entered into by and between Ferring and Vyteris in
connection with (the “Technical
Agreement”).

     

    (a)           The
following is hereby added as a new Section 8.5 of the Supply
Agreement:

     

    “At
Ferring's expense, Vyteris hereby agrees that it shall permit a Ferring
manufacturing/production employee or representative to be onsite at Vyteris’s
Fair Lawn, New Jersey facility during calendar year 2009, at such times as are
reasonably requested by Ferring, for observation and review purposes solely with
respect to activities related to Ferring.  With respect to such
observation and review, the provisions of Article 6 of this Agreement
(Confidentiality) shall apply.  During calendar years 2009 and 2010,
Ferring agrees that it shall not directly solicit for employment any employee of
Vyteris whom Ferring is first introduced to directly as a result of the exercise
by Ferring of such observation and review rights.”

     

    (b)           Except
as set forth above, the Supply Agreement and the Technical Agreement shall
remain in full force and effect.

     

    3.        
    PMK150.

     

    (a)           Attached
hereto as Schedule
2 is a description of machinery commonly referred to as PMK150 and used
by Vyteris in connection with its performance of its obligations pursuant to the
License Agreement and Supply Agreement (together with all
replacement and spare parts and accessories, the “PMK150”).  Vyteris
hereby represents and warrants to Ferring that there are no manufacturer or
other warranties in favor of Vyteris and/or its affiliates relating to the
PMK150.

     

    
      *
confidential treatment requested.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b)           Vyteris
and Parent hereby, jointly and severally,  represent and warrant to
Ferring that (i) Vyteris owns all good and marketable right, title and interest
in and to the PMK150, free and clear of any and all liens, security interests,
pledges, attachments, mortgages, charges, claims, conditions or other similar
encumbrances or restrictions of any kind, including, without limitation, any
conditional sale agreement or other title retention agreement (collectively,
“Liens”),
except for the Lien in favor of Spencer Trask Specialty Group (“Spencer Trask”); and
upon execution and delivery of the Bill of Sale (as defined below), Ferring
shall acquire all absolute unconditional right, title and interest in and to the
Purchased Assets (as defined below), free and clear of all Liens (i.e., Spencer
Trask shall release its Lien); (ii) the PMK150 conforms to the specifications
set forth on Schedule
2 hereto and is in good working order and operating condition, free of
any material defects (latent and otherwise); (iii) the PMK150 complies in all
material respects with all applicable requirements of all applicable and
relevant occupational safety and health laws and the regulations promulgated
thereunder; and (iv) the PMK150 is located at the facilities of Vyteris located
at 13-01 Pollit Drive, Fair Lawn, New Jersey.

     

    (c)           Vyteris
and Parent hereby, jointly and severally, represent and warrant to Ferring that
(i) Vyteris is a wholly-owned subsidiary of Parent, that Parent is a
holding-company without operations other than as relate to its ownership of
Vyteris, and that Parent’s only asset is its capital stock of Vyteris; and (ii)
except as set forth on Schedule 3, there is
no actual or threatened claim, lawsuit, action or proceeding against or
involving Vyteris or Parent.

     

    (d)           Simultaneously
with the execution and delivery of this letter agreement, Vyteris and Ferring
shall enter into an Assignment and Bill of Sale in the form attached hereto as
Exhibit A (the
“Bill of Sale”)
pursuant to which Vyteris shall sell and assign to Ferring, and Ferring shall
purchase from Vyteris, the PMK150 and all related records, documentation and
warranties (collectively, the “Purchased Assets”),
free and clear of all Liens.  The Bill of Sale is hereby incorporated
by reference into this Agreement as if fully set forth herein.

     

    (i)            The
purchase price to be paid by Ferring to Vyteris for the Purchased Assets is One
Million Dollars ($1,000,000) (the “Purchase Price”) and
shall be paid by Ferring to Vyteris as follows:

     

    (a)           credit
for the principal amounts owed by Vyteris to Ferring pursuant to (i) the
Promissory Note dated July 8, 2008 made by Parent, as nominee and agent for
Vyteris, to Ferring in the original principal amount of $50,000 (the "$50,000 Note") (which
principal amount equals $50,000), and (ii) the Promissory Note dated December
15, 2008 made by Parent, as nominee and agent for Vyteris, to Ferring in the
original principal amount of $200,000 (the "$200,000 Note")
(which principal amount equals $200,000) are hereby credited in full against the
Purchase Price;

     

    (b)           Ferring
shall make a payment to Vyteris in the amount of $250,000 on the date hereof;
and

     

    (c)           On
April 30, 2009, Ferring shall make a payment to Vyteris in the amount of (i)
$500,000, less credit for (ii) interest payments owed by Vyteris to Ferring
pursuant to the (A) the $50,000 Note; (B) the $200,000 Note; and (C) the
Promissory Note dated July 8, 2008 made by Parent, as nominee and agent for
Vyteris, to Ferring in the original principal amount of $2,500,000 (the “$2,500,000
Note”).

    
      
         

      

      
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    (ii)           The
parties hereby acknowledge and agree that the loans made by Ferring and
represented by the $50,000 Note, the $200,000 Note and the $2,500,000 Note were
each made by Ferring to Parent, as nominee and agent for Vyteris.  The
parties hereby acknowledge and agree that the Purchase Price constitutes the
Fair Market Value of the Purchased Assets.  As used in this letter
agreement, the “Fair Market Value” means the price determined by the parties to
be the price which a willing buyer would pay for assets in an arm’s length
transaction to a willing seller who is under no compulsion to sell such
assets.

     

    (iii)          The
Parties hereby acknowledge and agree that, in accordance with Section 4 of the
$2,500,000 Note, Ferring has elected to offset the principal amount due by
Ferring thereunder against the $2,500,000 payment due by Ferring pursuant to
Section 5.02(ii) of the License Agreement.

     

    (e)           Simultaneously
with the execution and delivery of this letter agreement, Vyteris and Ferring
shall enter into an Equipment Lease Agreement in the form attached hereto as
Exhibit B (the
“Equipment
Lease”) pursuant to which Ferring shall lease to Vyteris the Purchased
Assets.   As set forth in the Equipment Lease, in lieu of Vyteris
paying the lease payments to Ferring in cash, at Ferring’s option Ferring shall
receive a dollar-for-dollar credit against, at Ferring’s option, (i) the option
exercise price described below with respect to the PMK300, and/or (ii) amounts
due by Ferring to Vyteris pursuant to the License Agreement (e.g., milestone payments),
the Supply Agreement and/or any other agreement between the
parties.  The Equipment Lease is hereby incorporated by reference into
this Agreement as if fully set forth herein.  General terms shall
include, without limitation, lease payments of $1000 per month, a term of 10
years and covenants by Vyteris to maintain the Equipment in proper working
order.  Without otherwise limiting the provisions of the Section 6(b)
of the Equipment Lease, the insurance referred to in Section 6(b) of the
Equipment Lease shall include the insurance set forth on Schedule 3(a)
attached hereto.

     

    4.       
     PMK300.

     

    (a)           Attached
hereto as Schedule
4 is a description of a piece of machinery commonly referred to as PMK300
(together with all replacement and spare parts and accessories, the “PMK300”).  There
are no manufacturer and other warranties in favor of Vyteris and/or Parent
relating to the PMK300.

     

    (b)           Vyteris
and Parent hereby, jointly and severally, represent and warrant to Ferring that
(i) Vyteris owns all good and marketable right, title and interest in and to the
PMK300, free and clear of any and all Liens; and upon consummation by Ferring of
the transactions contemplated by the Option (as defined below), Ferring shall
acquire all absolute unconditional right, title and interest in and to the
PMK300 Assets (as defined below), free and clear of all Liens; (ii) the PMK300
conforms to the specifications: set forth on Schedule 4 hereto and
is in good working order and operating condition, free of any material defects
(latent and otherwise); (iii) the PMK300 complies in all material respects with
all applicable requirements of all applicable and relevant occupational safety
and health laws and the regulations promulgated thereunder; and (iv) the PMK300
is located at the facilities of Herro Hoeflinger Harro Höfliger
Verpackungsmaschinen GmbH, Werk Satteldorf, Industriestraße 6, 74589 Satteldorf,
GERMANY.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (c)           Vyteris
hereby grants to Ferring the right to purchase the PMK300 and all related
records, documentation and warranties (collectively, the “PMK300 Assets”), free
and clear of all Liens (the “Option”).   In
order to exercise the Option, Ferring shall notify Vyteris in writing, prior to
the expiration of the Option Period (as defined below), that Ferring desires to
exercise the Option, in which case the parties shall promptly negotiate and
enter into a purchase agreement and other related documents (including, without
limitation, transfer documents and a legal opinion in favor of Ferring) in
connection therewith.  As used herein, the “Option Period” means
the period of time beginning on the date of this letter agreement and ending on
the second anniversary of the letter agreement.

     

    (i)           The
option exercise price to be paid by Ferring to Vyteris shall be in an amount and
upon payment terms mutually agreed upon by the parties in good faith.

     

    (ii)           Vyteris
hereby covenants and agrees that during the Option Period (and, if Ferring
exercises the Option, until such time as Ferring and Vyteris consummate the sale
by Vyteris to Ferring of the PMK300 Purchased Assets), the representations and
warranties set forth in paragraph 4(b) shall remain true and accurate in all
respects and Vyteris shall maintain the insurance listed on Schedule 5 attached
hereto.

     

    5.        
    Representations and
Warranties.  Vyteris and Parent, jointly and severally, hereby
represent and warrant to Ferring, and Ferring hereby represents and warrants to
Vyteris that:

     

    (a)           It
is duly and validly existing under the laws under which it was organized and is
qualified and in good standing in the State of New Jersey; except that, with
respect to Parent, Vyteris and Parent represent and warrant that Parent is not
in good standing in the State of New Jersey, that Parent is not “doing business”
in the State of New Jersey and that such failure of Parent to be in good
standing is not in violation or contrary to any law or regulation.  It has the
requisite power and authority to execute, deliver and perform this letter
agreement and all of the other documents and instruments executed and delivered
by it in accordance herewith (collectively with this letter agreement, the
“Transaction
Documents”).  It has obtained all necessary authorizations to
approve the execution, delivery and performance by it of each of the Transaction
Documents to which it is a party.  Each of the Transaction Documents
to which it is a party has been duly executed and delivered by it.

     

    (b)           Each
of the Transaction Documents to which it is a party is its legal, valid and
binding obligation, enforceable against it in accordance with its
terms.  The execution, delivery and performance of each of the
Transaction Documents to which it is a party does not and will not, under any
circumstance whatsoever: (i) conflict with, constitute a default, or result in a
default or other breach of or under the certificate of incorporation or bylaws
of such party or any agreement to which such party is a party or by which it or
its assets is bound; (ii) permit any entity or individual to either terminate or
to accelerate any liability or other obligation, or to impose any penalty under
or to otherwise modify, or exercise rights under, or cancel or require any
notice under, or otherwise violate any  agreement to which such party
is a party or by which it or its assets is bound; or (iii) otherwise result in a
Lien, except for Liens in favor of Ferring as contemplated by the Transaction
Documents.

    
      
         

      

      
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    (c)           No
governmental or other authorization, approval or other consent of any kind or
nature by or on behalf of such party is required arising out of or otherwise
relating to the execution, delivery or performance of the Transaction Documents
to which it is a party and such party is not prohibited by any law from
consummating the transactions contemplated by any of the Transaction Documents
to which it is a party.  No litigation or other proceeding is pending
against it that questions the validity of any of the Transaction Documents or
any transaction contemplated thereby.

     

    6.             Indemnification; Security
Interests; Subordination; Additional Agreements.

     

    (a)           Vyteris
and Parent, jointly and severally, hereby agree to indemnify and hold harmless
(and at the request of Ferring, defend) Ferring and its parent and other
affiliates and their respective successors and permitted assigns, and the
officers, directors, managers, employees, members, partners, stockholders,
agents and representatives of each of the foregoing (collectively, the “Buyer Indemnitees”),
from and against, and shall pay to the Buyer Indemnitees the amount of, any and
all liabilities, losses, damages, expenses (including, without limitation,
reasonable attorneys’ fees), causes of action, suits, claims or judgments
arising from, resulting from or based upon (i) any breach of or inaccuracy in
the representations and warranties of Vyteris and/or Parent contained in any of
the Transaction Documents, the License Agreement, the Supply Agreement and/or
the Technical Agreement, (ii) any breach of the covenants or agreements of
Vyteris and/or Parent contained in any of the Transaction Documents, the License
Agreement, the Supply Agreement and/or the Technical Agreement, or (iii) the
actual or alleged use, operation, delivery or transportation of the Purchased
Assets (and, if Ferring exercises, the Option, the PMK300 Assets) prior to the
sale and assignment thereof to Ferring pursuant to the Transaction Documents or
while Vyteris and/or Parent otherwise has possession or control
thereof.

     

    (b)           To
secure the obligations of Vyteris pursuant to the existing and new agreements
between the parties, Vyteris shall grant to Ferring a security interest in all
of the assets of Vyteris (including, without limitation, the PMK300 machinery
and the Product (as defined in the License Agreement), work in process supplies,
inventories, machinery and equipment); provided, however, that with respect to
patent rights, such collateral shall only include the patents and patent
applications (i) referred to in the License Agreement, (ii) made, created,
developed or reduced to practice in connection with the License Agreement, and
(iii) any other patents and patent applications owned or controlled by Vyteris
and necessary, useful or desirable to Ferring’s manufacture, marketing, sale
testing, development or use of the Product, including, without limitation the
patents and patent applications listed on Schedule 6 attached
hereto, together with certain other assets, all as more fully described in the
Vyteris Security Agreement (as defined below).  In furtherance
thereof, simultaneously with the execution and delivery of this letter
agreement, Vyteris shall execute and delivery to Ferring a Security Agreement in
the form attached hereto as Exhibit C (the “Vyteris Security
Agreement”) and any other UCC-1 statements, collateral assignments of
patents and other documents reasonably requested by Ferring.  The
Vyteris Security Agreement is hereby incorporated by reference into this
Agreement as if fully set forth herein.   Additionally, Vyteris
shall, upon the request of Ferring at any time on the date hereof or thereafter,
take all steps that Ferring deems advisable or necessary in order for Ferring to
obtain and/or perfect its security interest (including, at the request of
Ferring, that Vyteris shall execute appropriate German security documents, move
the PMK300 machinery to the United States and/or obtain a legal opinion, from a
law firm and in form satisfactory to Ferring, with respect to such
perfection).  The German security documents shall substantially
conform to the draft security transfer agreement (Sicherungsübereignungsvertrag)
attached hereto as Exhibit G and shall
be executed by the parties (including Spencer Trask) within twenty (20) bank
working days from the execution and delivery of this Letter
Agreement.  The German security documents shall form an integral part
of the Vyteris Security Agreement and their content shall be incorporated in
full into the Vyteris Security Agreement by way of reference.  Vyteris
shall pay all costs and expenses incurred by Ferring in connection with
perfecting its security interest (including, without limitation, all costs and
expenses of German legal counsel).   The Vyteris Security
Agreement shall terminate on the Security Interest Termination Date (as defined
in the Vyteris Security Agreement).

    
      
         

      

      
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    (c)           To
secure the obligations of Parent pursuant to the existing and new agreements
between the parties, Parent shall grant to Ferring a security interest in all of
the assets of Parent.  In furtherance thereof, simultaneously with the
execution and delivery of this letter agreement, Parent shall execute and
delivery to Ferring a Parent Security Agreement in the form attached hereto as
Exhibit D (the
“Parent Security
Agreement”) and any other UCC-1 statements and other documents reasonably
requested by Ferring.  The Parent Security Agreement is hereby
incorporated by reference into this Agreement as if fully set forth
herein.   Additionally, Parent shall, upon the request of Ferring
at any time on the date hereof or thereafter, take all steps that Ferring deems
advisable or necessary in order for Ferring to obtain and/or perfect its
security interest.  Parent and/or Vyteris shall pay all costs and
expenses incurred by Ferring in connection with perfecting its security
interest.  The Parent Security interest shall terminate on the
Security Interest Termination Date.

     

    (d)           Simultaneously
with the execution and delivery of this letter agreement, Spencer Trask shall
fully release and discharge all Liens with respect to the PMK150, and (ii) enter
into a Subordination and Agreement in the form attached hereto as Exhibit
E.  Additionally, immediately prior to consummation of the
transactions contemplated by exercise by Ferring of the Option, Spencer Trask
shall fully release and discharge all Liens with respect to the
PMK300.  In connection with the foregoing, Spencer Trask hereby shall
authorize Ferring to take any and all actions (including, as appropriate, filing
UCC-3 termination statements) necessary or desirable, as determined by Ferring
in good faith.

     

    (e)           Simultaneously
with the execution and delivery by the parties of this letter agreement, Vyteris
shall deliver to Ferring the legal opinion of Jolie Kahn, Esq., counsel to
Vyteris, in form and substance satisfactory to Ferring, in the form attached
hereto as Exhibit
F.

    

      
        
           

        

        
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    (f)           Until
the Security Interest Termination Date, Vyteris nor Parent may not make any
payments to any related party shareholders or entities controlled by related
party shareholders (“related party shareholder” is defined as those shareholders
listed on Schedule
8 attached hereto), except for (i) compensation under existing employment
agreements and consulting fees payable to officers and a certain corporate
director at rates no greater than the rates in effect on January 1, 2009 and
otherwise upon terms no more favorable to such officers and director than under
past practices, and compensation paid to Parent’s Board of Directors pursuant to
arrangements in effect either pursuant to the existing Board compensation plan
or otherwise as in effect on January 1, 2009, and (ii) amounts pre-approved by
Ferring in writing, in each instance, in Ferring’s sole discretion.

     

    (g)         
Notwithstanding anything contained in the Vyteris Security Agreement to the
contrary, Ferring hereby agrees that if, and only if, (i) Ferring has confirmed
in writing that neither Vyteris nor Parent has breached or defaulted under or
with respect to (nor has Ferring alleged in good faith that such breach or
default has occurred under or with respect to) any of the Transaction Documents,
the License Agreement, the Supply Agreement and/or the Technical Agreement, and
(ii) Spencer Trask has reaffirmed in writing (in form and substance reasonably
satisfactory to Ferring in its sole discretion) that the Subordination and
Agreement remains in full force and effect, Ferring shall (A) allow Vyteris to
grant or allow the imposition of a lien or security interest upon the Collateral
(as defined in the Vyteris Security Agreement) in connection with the making of
loans to Vyteris by one or more New Third Party Lenders, and (B) subordinate its
liens and security interests created by the Vyteris Security Agreement to such
New Third Party Lenders to the extent that the value of the Collateral (as
defined in the Vyteris Security Agreement) at the time or times that Ferring
exercises its rights and remedies pursuant to the Vyteris Security Agreement (as
determined by Ferring in its sole discretion good faith) exceeds $3,300,000; it
being understood and agreed that Ferring’s liens and security interests shall
remain senior to the New Third Party Lenders with respect to at least $3,300,000
of value of the Collateral.  In connection with the foregoing
subordination, Ferring agrees to execute a subordination agreement with New
Third Party Lenders in form and substance reasonably satisfactory to Ferring in
its sole discretion.  As used herein, a “New Third Party
Lender” means a third party accredited investor and/or financial
institution (but not Spencer Trask) that is not affiliated in any way with
Vyteris, Parent, Spencer Trask or any related party shareholders or entities
controlled by related party shareholders (as described in paragraph 6(f)
above).

     

    (h)           So
long the License Agreement and/or the Supply Agreement is in effect, Ferring
shall receive notice of all regularly scheduled and unscheduled meetings of the
Board of Directors of Vyteris and Parent, and subject to having designated an
observer (which may be only one person and not subject to change unless the
designated person is no longer employed or retained by Ferring), who has signed
Vyteris’s and Parent's standard nondisclosure agreement (of which Ferring shall
not be a third party beneficiary), such observer may attend Vyteris’s and
Parent's regularly scheduled and unscheduled meetings of its Board of Directors
and shall receive the materials distributed or made available to the voting
members of the Board in connection with such meetings; provided, however, that
such observer shall not have a right to vote or otherwise pass on any matters
brought to the attention of the Board at such meetings, and such observer shall
be excluded from any discussions regarding any matters related to
Ferring.

    

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

    

     

    7.        
    Miscellaneous.

     

    (a)           Each
of the Transaction Documents shall be governed by and construed in accordance
with the laws of the State of New Jersey without giving effect to conflicts of
law principles.

     

    (b)           Each
of the Transaction Documents may be executed in counterparts and delivered by
facsimile, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.  The parties hereby
submit to the exclusive jurisdiction of the state and federal courts located in
the City of Newark, State of New Jersey for the sole purpose of the Transaction
Documents and any controversy arising thereunder. VYTERIS AND FERRING EACH WAIVE
THEIR RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING FROM THE
TRANSACTION DOCUMENTS.

     

    (c)           Vyteris
and Parent shall execute and deliver to Ferring, upon Ferring’s request, such
instruments and assurances as Ferring deems necessary or advisable in order to
consummate the transactions contemplated by the Transaction
Documents.  At request of Ferring, Vyteris shall execute, or join
Ferring in executing, financing statements pursuant to the Uniform Commercial
Code or comparable statute, rule or regulation.

     

    (d)           All
notices under any of the Transaction Documents shall be delivered by facsimile
(confirmed by overnight delivery) or by overnight delivery with a reputable
overnight delivery service, to the address of the respective parties set forth
above.  Notices shall be effective on the day following the date of
transmission if sent by facsimile, and on the business day following the date of
delivery to the overnight delivery service if sent by overnight
delivery.  A party may change its address listed above by notice to
the other party given in accordance with this section.

     

    (e)           The
parties hereto acknowledge that the Transaction Documents set forth the entire
agreement and understanding of the parties and supersedes all prior written or
oral agreements or understandings with respect to the subject matter
thereof.  No modification of any of the terms of any of the
Transaction Documents shall be deemed to be valid unless in writing and signed
by an authorized agent or representative of both parties hereto.  No
course of dealing or usage of trade shall be used to modify the terms and
conditions therein.  A waiver of a default shall not be a waiver of
any other or a subsequent default.

     

    (f)           Each
of the Transaction Documents is binding upon, and inures to the benefit of, the
parties hereto and their respective administrators, successors and
assigns.  Neither Vyteris nor Parent may assign or otherwise transfer
(by assignment, stock sale, merger or otherwise) any of the Transaction
Documents without the prior written consent of Ferring.  Each
provision of each of the Transaction Documents shall be considered separable;
and if, for any reason, any provision or provisions herein are determined to be
invalid and contrary to any existing or future law, such invalidity shall not
impair the operation of or affect those portions of the applicable Transaction
Documents which are valid.

     

    [Signature
Page Follows]

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    Please
confirm your agreement to the foregoing by executing the enclosed duplicate
original of this letter in the space provided below and returning it to
Ferring.

     

    
      
        
          
            
              
                	
                        FERRING
      PHARMACEUTICALS, INC.

                      
	 	 
	
                        By:

                      	
                        /s/
      Wayne C. Anderson  

                      
	 
      	
                        Name: Wayne
      C. Anderson

                      
	 
      	
                        Title:  
      President and
CEO

                      

              

            

          

        

      

    

    

    ACCEPTED
AND

    AGREED
TO:

    

    
      
        
          
            	
                    VYTERIS,
      INC., a Delaware corporation

                  
	 
      	 
      
	
                    By:

                  	/s/
      Haro Hartounian
	 
      	
                    Name: Haro
      Hartounian

                  
	 
      	
                    Title:  
      Chief Executive
Officer

                  

          

        

      

    

    

    ACCEPTED
AND AGREED TO:

    

    
      
        
          
            
              	
                      VYTERIS,
      INC., a Nevada corporation

                    
	 
      	 
      
	
                      By:

                    	
                      /s/ Haro Hartounian

                    
	 
      	
                      Name:
      Haro Hartounian

                    
	 
      	
                      Title:  
      Chief Executive
Officer

                    

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULES AND
EXHIBITS

     

    
      
        
          
            	
                    Schedule 1

                  	 	
                    2009
      Patch Development Budget

                  
	
                    Schedule
      2

                  	 	
                    Description
      of PMK150

                  
	
                    Schedule
      3

                  	 	
                    Claims,
      Lawsuits, Actions

                  
	
                    Schedule
      3(a)

                  	 	
                    PMK150
      Insurance

                  
	
                    Schedule
      4

                  	 	
                    Description
      of PMK300

                  
	
                    Schedule
      5

                  	 	
                    PMK300
      Insurance

                  
	
                    Schedule
      6

                  	 	
                    Certain
      Patent Rights

                  
	
                    Schedule
      7

                  	 	
                    Materials
      and Supplies

                  
	
                    Schedule
      8

                  	 	
                    Related
      Parties

                  
	 
      	 	 
      
	
                    Exhibit
      A

                  	 	
                    Form
      of Bill of Sale

                  
	
                    Exhibit
      B

                  	 	
                    Form
      of Equipment Lease

                  
	
                    Exhibit
      C

                  	 	
                    Form
      of Vyteris Security Agreement

                  
	
                    Exhibit
      D

                  	 	
                    Form
      of Parent Security Agreement

                  
	
                    Exhibit
      E

                  	 	
                    Form
      of Subordination of Agreement

                  
	
                    Exhibit F

                  	 	
                    Form
      of Legal Opinion

                  
	
                    Exhibit
      G

                  	 	
                    Draft
      German Security Transfer
Agreement

                  

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
1    Draft
2009 Patch Development Budget

     

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
2    Description of
PMK150

    

    See
attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Schedule
3    Claims, Lawsuits,
Actions

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
3(a)    PMK150 Insurance

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
4    Description of
PMK300

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
5    PMK300
Insurance

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
6    Certain Patent
Rights

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
7    Materials and
Supplies

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
8    Related
Parties

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
A    Form of Bill of
Sale

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
B    Form of Equipment
Lease

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
C    Form of Vyteris Security
Agreement

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
D    Form of Parent Security
Agreement

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
E    Form of Subordination and
Agreement

    

    See
Attached

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
F    Form of Legal
Opinion

    

    See
Attached

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Exhibit
G    Draft German Security
Transfer Agreement

     

    See
Attached (to be
finalized post-Closing)EQUIPMENT
LEASE

       

      This
EQUIPMENT LEASE (this "Equipment Lease") is
made and entered into as of the ______ day of March, 2009, by and between
Ferring Pharmaceuticals, Inc., a Delaware corporation, with a principal place of
business at 4 Gatehall Drive, 3rd Floor,
Parsippany, NJ 07054 (the "Lessor"), and
Vyteris, Inc., a Delaware corporation, with a principal place of business at
13-01 Pollit Drive, Fair Lawn, NJ ("Lessee").  Lessor
and Lessee are each referred to herein as a "Party" and together
as the "Parties".

       

      PRELIMINARY
STATEMENT

       

      Simultaneously
with the execution and delivery of this Equipment Lease, the Parties have
entered into a letter agreement (the "Letter Agreement")
pursuant to which, among other things, Lessor has agreed to lease to Lessee the
personal property described on Schedule A attached
hereto (the "Equipment"), and
Lessee has agreed to lease from the Lessor the Equipment, on the terms and
subject to the conditions contained in this Equipment Lease.

       

      AGREEMENT:

       

      1.        
    Equipment Lease.
Subject to the terms and conditions of this Equipment Lease, Lessor hereby
leases to Lessee, and Lessee hereby leases from Lessor, the
Equipment.

       

      2.         
  Term. The term of
this Equipment Lease is for the period commencing on the date hereof and ending
on the tenth anniversary of the date hereof (the "Term"); provided that Lessor
may terminate this Equipment Lease at any time upon written notice to
Lessee.

       

      3.           
Lease
Payments.  Lessee hereby agrees to pay to Lessor monthly lease
payments in the amount of One Thousand Dollars ($1,000.00) per month payable in
advance on the first day of each month during the Term (collectively, the “Lease Payments”);
provided, however, that the Lease Payment for February 2009 shall be prorated
from the date hereof and be paid on the date hereof and the Lease Payment for
February 2019 shall be prorated for the number of days from February 1, 2019
until the end of the Term.  Lease Payments shall be made by wire
transfer of immediately available funds to a bank account designated by Lessor
(or such other form of payment acceptable to Lessor, in its sole
discretion).  Notwithstanding the foregoing, in lieu of Lessee paying
one or more of the Lease Payments to Lessor in cash, at Lessor’s option Lessor
shall receive a dollar-for-dollar credit against (a) the option exercise price
described in the Letter Agreement with respect to the PMK300 (as defined
therein), and/or (b) amounts due by Lessor to Lessee pursuant to the License and
Development Agreement dated as of September 27, 2004, as amended from time to
time, between Lessor and Lessee (e.g., milestone payments,
royalties), the Supply Agreement dated September 27, 2004, as amended from time
to time, between Lessor and Lessee (including the Technical Agreement entered
into in connection therewith), and/or any other agreement between the
Parties.

       

      4.           
 Representations
and Warranties of Each Party.  Each Party hereby represents and
warrants to the other Party as follows:

      (a)           It
is duly and validly existing under the laws of the State of Delaware and is
authorized to transact business and is in “good standing” in the State of New
Jersey.  It has the requisite power and authority to execute, deliver
and perform this Equipment Lease.  It has obtained all necessary
authorizations to approve the execution, delivery and performance by it of this
Equipment Lease.  This Equipment Lease has been duly executed and
delivered by it.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b)           This
Equipment Lease is its legal, valid and binding obligation, enforceable against
it in accordance with its terms.  The execution, delivery and
performance by it of this Equipment Lease does not and will not, under any
circumstance whatsoever: (i) conflict with, constitute a default, or result in a
default or other breach of or under the certificate of incorporation or bylaws
of such Party or any agreement to which such Party is a party or by which it or
its assets is bound; (ii) permit any person or entity to either terminate or to
accelerate any liability or other obligation, or to impose any penalty under or
to otherwise modify, or exercise rights under, or cancel or require any notice
under, or otherwise violate any  agreement to which such Party is a
party or by which it or its assets is bound; or (iii) otherwise result in any
liens, security interests, pledges, attachments, mortgages, charges, claims,
conditions or other similar encumbrances or restrictions of any kind, including,
without limitation, any conditional sale agreement or other title retention
agreement (collectively, “Liens”).

       

      (c)           No
governmental or other authorization, approval or other consent of any kind or
nature by or on behalf of such Party is required arising out of or otherwise
relating to the execution, delivery or performance of this Equipment Lease by
such Party and such Party is not prohibited by any law from consummating the
transactions contemplated by this Equipment Lease.  No litigation or
other proceeding is pending or threatened against it that questions the validity
of this Equipment Lease or any transaction contemplated thereby.

       

      5.    
        Certain Representations,
Warranties and Covenants of Lessee. Lessee
hereby represents, warrants and covenants to Lessor that (a) Lessee shall comply
with all laws, ordinances, regulations, requirements and rules with respect to
the use, maintenance and operation of the Equipment, (b) Lessee shall not permit
any Lien to be made on the Equipment, and (c) except as specifically
contemplated by this Equipment Lease for the benefit of Lessor, Lessee shall not
use the Equipment for the benefit of any person or entity (including Lessee)
without the prior written consent of Lessor, in its sole discretion, in each
instance.  Notwithstanding clause (c), Lessee may use the Equipment
for the benefit of its other customers so long as such use does not, in the sole
discretion of Lessor, (i) interfere with Lessee’s performance of services and
supply of products for the benefit of Lessor or (ii) otherwise adversely effect
Lessor.

       

      6.    
        Maintenance and Repairs;
Insurance.

       

      (a)           Lessee
shall be solely responsible for any and all costs and expenses arising in
connection with the routine maintenance and repair of the
Equipment.  At Lessee’s expense, in accordance with Lessor's
specifications, Lessee shall keep the Equipment in a suitable environment
located at the facilities of Lessee located at 13-01 Pollit Drive, Fair Lawn,
New Jersey.  Any replacement or substitution made on the Equipment
shall automatically become the property of Lessor, without charge and free and
clear of all Liens.

      
        
           

        

        
          2

          
            

          

        

        
          
          

        

      

      (b)           Until
Lessee returns the Equipment to Lessor and for a period of two (2) years
thereafter, Lessee shall have and maintain public liability and property damage
insurance at all times with respect to all Equipment against such risks,
including fire (including so-called extended coverage), theft, sprinkler leakage
and other risks as Lessor may require, in such form, in such amount, for such
period and written by such companies as may be satisfactory to Lessor in its
sole discretion.  Each such casualty insurance policy shall contain a
standard Loss Payable Clause issued in favor of Lessor under which all losses
thereunder shall be paid to Lessor as Lessor's interests may
appear.  Each public liability policy shall name Lessor as an
additional insured.  Such policies shall expressly provide that the
requisite insurance cannot be altered or canceled without at least thirty (30)
days prior written notice to Lessor and shall insure Lessor notwithstanding the
act or neglect of Lessee.  Upon Lessor's demand, Lessee shall furnish
Lessor with duplicate original policies of insurance or such other evidence of
insurance as Lessor may require.  In the event of failure to provide
insurance as herein provided, Lessor may, at its option, obtain such insurance
and Lessee shall pay to Lessor, on demand, the cost thereof.  Proceeds
of insurance may be applied by Lessor to reduce any obligations of Lessee to
Lessor (pursuant to this Equipment Lease or otherwise) and/or to repair or
replace Collateral, all in Lessor's sole discretion.

       

      (c)           Lessor
makes no representation or warranty with respect to the
Equipment.  Lessee hereby accepts the Equipment
“AS-IS.”  LESSOR DISCLAIMS, AND LESSEE HEREBY WAIVES, ANY AND ALL
EXPRESS OR IMPLIED WARRANTIES, INCLUDING THE IMPLIED WARRANTIES OF FITNESS FOR A
PARTICULAR PURPOSE OR MERCHANTABILITY AS TO THE EQUIPMENT.  LESSOR,
DOES NOT WARRANT THAT THE EQUIPMENT WILL OPERATE UNINTERRUPTED OR
ERROR-FREE.

       

      7.      
     Risk of Loss. Lessee assumes and
agrees to bear the entire risk of loss and damage to the
Equipment.  If any item of Equipment is lost, damaged, destroyed or
stolen (a "Loss"), then Lessee
shall have the obligation to pay Lessor the remaining rent set forth in Section
2 above.  Lessee shall notify Lessor immediately if the Equipment
becomes subject to a Loss event. If the Equipment becomes subject to a Loss
event, then, at the option of Lessor and without otherwise limiting Lessor's
rights hereunder, Lessee shall pay to Lessor on demand an amount equal to the
higher of (a) the fair market value of the Equipment, or (b) the fair market
value of replacement Equipment.  If Lessor has not received full
payment of any amount due under this Section 7 within five (5) days after
demand, Lessee agrees to pay Lessor interest thereon at a rate equal to the
lesser of (i) the prime rate (as published in the Wall Street Journal on the
payment date) plus two percent, or (ii) the highest rate permitted by applicable
law.  Anytime upon the request of Lessor, Lessee shall make the
Equipment and all related records available for inspection by Lessor during
Lessee’s normal business hours.  Lessee shall affix to the Equipment
any labels supplied by Lessor indicating the ownership of the Equipment by
Lessor.

       

      8.      
     Ownership of Equipment by
Lessor.  The Equipment shall remain at all times the property
of Lessor.  Except as provided in this Equipment Lease, Lessee shall
not acquire any right, title or interest in or to the
Equipment.  Lessee shall not sell, lease, transfer or otherwise
dispose of the Equipment (or any part thereof) to any person or
entity.  Any sale, lease, transfer or other disposition of the
Equipment in violation of the immediately preceding transfer restrictions shall
be void.  Lessee shall take all such actions reasonably requested by
Lessor to prevent any person or entity other than Lessor from acquiring any
right, title or interest in or to the Equipment, including (a) the filing of
financing statements or similar public filings, and (b) the obtaining of
consents or waivers from landlords or lenders. Lessee promptly shall notify
Lessor of any circumstances that may permit any person or entity other than
Lessor to acquire any right, title or interest in or to the
Equipment.  During the Term, Lessee shall at all times protect and
defend, at its own cost and expense, the ownership of Lessor against all claims,
liens and legal processes of creditors of Lessee, and keep the Equipment free
and clear from all such claims, liens and processes.  Lessee agrees to
give Lessor prompt written notice of any such claim, lien or
process.  The Equipment is and shall remain personal property and not
part of any real estate.

      
        
           

        

        
          3

          
            

          

        

        
          
          

        

      

       

      9.           Indemnification.  Lessee
hereby agrees to indemnify and hold harmless (and at the request of Lessor
defend) Lessor and its parent and other affiliates and their respective
successors and permitted assigns, and the officers, directors, managers,
employees, members, partners, stockholders, agents and representatives of each
of the foregoing (collectively, the “Lessor Indemnitees”),
from and against, and shall pay to the Lessor Indemnitees the amount of, any and
all liabilities, losses, damages, expenses (including, without limitation,
reasonable attorneys’ fees), causes of action, suits, claims or judgments
arising from, resulting from or based upon (a) any breach of or inaccuracy in
the representations and warranties of Lessee contained in this Equipment Leas;
(b) any breach of the covenants or agreements of Lessee contained in this
Equipment Lease; and/or (c) the actual or alleged use, operation, delivery or
transportation of the Equipment during the Term or while Lessee otherwise has
possession or control thereof.

       

      10.           Event of
Default.   "Event of Default"
means (a) failure by Lessee to make any payment of rent or other amount owing
hereunder  when the same is due; (b) any breach of any representation
or warranty made by Lessee herein; (c) failure by Lessee to perform or observe
any other covenant or agreement hereunder and the failure to cure the same
within five calendar days after receipt of notice from Lessor; and (d) the
insolvency of Lessee or the making an assignment for the benefit of creditors by
Lessee or consent by Lessee to the appointment of a trustee or receiver, or the
reorganization, arrangement, insolvency, dissolution, or liquidation by or
against Lessee.  On the occurrence and continuance of any Event of
Default, Lessor may, at its option, exercise one or more of the following
remedies: (i) sue for and recover all unpaid Lease Payments and other amounts
due hereunder; (ii) terminate this Equipment Lease and take possession of the
Equipment, without demand or notice, wherever same may be located, without any
court order or other process of law and without liability for any damages
occasioned by such taking of possession; and/or (iii) utilize any other remedy
available to Lessor at law or in equity.

       

      11.           Limitation of Liability;
Limitation on Claims.  Should Lessee be entitled to recover
damages from Lessor arising from or relating to this Equipment Lease, the
Equipment and/or any of the transactions contemplated by this Equipment Lease,
Lessor shall be liable only for (a) damages for bodily injury (including death)
and damage to real property or tangible personal property, and (b) the amount of
any other actual direct damages or loss.  THE MAXIMUM AGGREGATE LIABILITY OF
LESSOR ARISING FROM OR RELATING TO THIS EQUIPMENT LEASE, THE EQUIPMENT AND/OR
ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS EQUIPMENT LEASE SHALL NOT EXCEED
$100,000.  NEITHER LESSOR NOR ITS AFFILIATES NOR ANY OTHER LESSOR
INDEMNITIES SHALL BE LIABLE TO LESSEE OR ANY OF ITS AFFILIATES FOR ANY SPECIAL,
INDIRECT, INCIDENTAL OR CONSEQUENTIAL LOSS OR DAMAGE OF ANY KIND OR NATURE
WHATSOEVER (INCLUDING, WITHOUT LIMITATION, LOST PROFITS, LOSS OF RECORDS OR
DATA), REGARDLESS OF WHETHER ARISING FROM BREACH OF CONTRACT, WARRANTY, TORT,
STRICT LIABILITY OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF THE LOSS OR
DAMAGE OR IF THE LOSS OR DAMAGE COULD HAVE BEEN REASONABLY
FORESEEN.  LESSOR AND LESSEE AGREE THAT NO ACTION ARISING OUT OF THIS
EQUIPMENT LEASE, THE EQUIPMENT AND/OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS EQUIPMENT LEASE MAY BE BROUGHT MORE THAT ONE YEAR AFTER THE CAUSE OF ACTION
HAS ACCRUED.

      
        
           

        

        
          4

          
            

          

        

        
          
          

        

      

       

      12.           Miscellaneous.

       

      (a)           This
Equipment Lease shall be governed by and construed in accordance with the laws
of the State of New Jersey without giving effect to conflicts of law
principles.

       

      (b)           This
Equipment Lease may be executed in counterparts and delivered by facsimile, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.  Each of the Parties hereby submits to
the exclusive jurisdiction of the state and federal courts located in the City
of Newark, State of New Jersey for the sole purpose of this Equipment Lease and
any controversy arising thereunder. THE PARTIES EACH WAIVE THEIR RIGHTS TO A
JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING FROM THIS EQUIPMENT
LEASE.

       

      (c)           Lessee
shall execute and deliver to Lessor, upon Lessor’s request, such instruments and
assurances as Lessor deems necessary or advisable in order to consummate the
transactions contemplated by this Equipment Lease.  At request of
Lessor, Lessee shall execute, or join Lessor in executing, financing statements
pursuant to the Uniform Commercial Code or comparable statute, rule or
regulation.

       

      (d)           All
notices under this Equipment Lease shall be delivered by facsimile (confirmed by
overnight delivery) or by overnight delivery with a reputable overnight delivery
service, to the address of the respective Parties set forth
above.  Notices shall be effective on the day following the date of
transmission if sent by facsimile, and on the business day following the date of
delivery to the overnight delivery service if sent by overnight
delivery.  A Party may change its address listed above by notice to
the other Party given in accordance with this section.

       

      (e)           The
Parties hereto acknowledge that this Equipment Lease and the Letter Agreement
and other documents referred to or entered into in connection herewith and
therewith set forth the entire agreement and understanding of the Parties and
supersedes all prior written or oral agreements or understandings with respect
to the subject matter thereof.  No modification of any of the terms of
this Equipment Lease shall be deemed to be valid unless in writing and signed by
an authorized agent or representative of both Parties hereto.  No
course of dealing or usage of trade shall be used to modify the terms and
conditions therein.  A waiver of a default shall not be a waiver of
any other or a subsequent default.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      (f)           This
Equipment Lease is binding upon, and inures to the benefit of, the parties
hereto and their respective administrators, successors and
assigns.  Lessee may not assign or otherwise transfer (by assignment,
stock sale, merger or otherwise) this Equipment Lease without the prior written
consent of Lessor.  Each provision of this Equipment Lease shall be
considered separable; and if, for any reason, any provision or provisions herein
are determined to be invalid and contrary to any existing or future law, such
invalidity shall not impair the operation of or affect those portions of this
Equipment Lease which are valid.

       

       [signature
page follows]

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      EXECUTED
by the undersigned parties to this Equipment Lease as of the date first above
written.

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        LESSOR:

                                      
	 
      	 
      
	
                                        FERRING
      PHARMACEUTICALS, INC.

                                      
	 
      	 
      
	
                                        By:

                                      	
                                         /s/
      Wayne C. Anderson

                                      
	
                                        Name:
      Wayne C. Anderson

                                      
	
                                        Title:  
      President and CEO

                                      
	 
      	 
      
	
                                        LESSEE:

                                      
	 
      	 
      
	
                                        VYTERIS, INC.

                                      
	 
      	 
      
	
                                        By:

                                      	
                                         /s/
      Haro Hartounian  

                                      
	
                                        Name:
      Haro Hartounian

                                      
	
                                        Title   
      Chief Executive
Officer

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          7

          
            

          

        

        
          
          

        

      

      Schedule
A

       

      See
Attached

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00155-of-00352.parquet"}]]