0001193125-03-037741 Sample Contracts

SECURITY AGREEMENT
Security Agreement • August 14th, 2003 • Incara Pharmaceuticals Corp • Pharmaceutical preparations • New York

THIS SECURITY AGREEMENT (this “Agreement”) is dated as of July 28, 2003 by and between GOODNOW CAPITAL, INC., a Delaware corporation (the “Lender”), and INCARA PHARMACEUTICALS CORPORATION, a Delaware corporation (the “Company”).

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GUARANTY
Guaranty • August 14th, 2003 • Incara Pharmaceuticals Corp • Pharmaceutical preparations • New York

GUARANTY, dated July 28, 2003 (the “Guaranty”), made by Incara Pharmaceuticals Corporation (the “Guarantor”) in favor of Goodnow Capital, Inc. (the “Beneficiary”).

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