EXHIBIT 10.11 Pfizer Groton Laboratories Pfizer Inc. Eastern Point Road 8118/01 Groton, CT 06340 -------------------------------------- Global Research & Development Berkeley W. Cue, Jr. Ph.D. Vice President Pharmaceutical Sciences November 4, 2002 Bentley Pharmaceuticals, Inc. 65 Lafayette Road Third Floor North Hampton, NH 03862-2403 Dear Sir or Madam: Pfizer Inc and Bentley Pharmaceuticals, Inc. hereby amend paragraph 3 of the Agreement between them with the Effective Date of October 29, 2001 ("2001 Agreement") relating to the feasibility of developing formulations for Pfizer Inc compounds to read: TERM: The term of this Agreement will begin on the Effective Date and continue to eighteen months after the Effective Date. Except as modified hereby, all other terms and conditions of the 2001 Agreement remain in full force and effect. Please indicate your acceptance of the amendment by executing this letter in the place indicated below. Very truly yours, /s/ Berkeley W. Cue, Jr. Berkeley W. Cue, Jr., Ph.D. Agreed and accepted: BENTLEY PHARMACEUTICALS, INC. By: /s/ James R. Murphy ---------------------------- Name: James R. Murphy ---------------------------- Title: President & CEO ---------------------------- Date: Nov. 13, 2002 ----------------------------