0001104659-08-007646 Sample Contracts

CREDIT AGREEMENT Dated as of January 31, 2008 among ANIKA THERAPEUTICS, INC. as Borrower, ANIKA SECURITIES, INC. as a Guarantor,
Credit Agreement • February 6th, 2008 • Anika Therapeutics Inc • Surgical & medical instruments & apparatus • Massachusetts

CREDIT AGREEMENT (this “Agreement”) is entered into as of January 31, 2008 among ANIKA THERAPEUTICS, INC., a Massachusetts corporation (“Borrower”), ANIKA SECURITIES, INC., a Massachusetts securities corporation (“Anika Securities”), each lender from time to time party hereto (collectively, “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent.

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FORM OF PERFORMANCE SHARE AWARD AGREEMENT UNDER THE ANIKA THERAPEUTICS, INC. 2003 STOCK OPTION AND INCENTIVE PLAN
Performance Share Award Agreement • February 6th, 2008 • Anika Therapeutics Inc • Surgical & medical instruments & apparatus

Pursuant to Anika Therapeutics, Inc. 2003 Stock Option and Incentive Plan (the “Plan”) as amended through the date hereof, Anika Therapeutics, Inc. (the “Company”) hereby makes a Performance Share Award (an “Award”) consisting of a number of shares of Restricted Stock to the Grantee named above as determined in accordance with the terms of this Award Agreement. No shares of Restricted Stock shall be issued unless the provisions of Paragraph 2 are satisfied.

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