0001193125-04-040690 Sample Contracts

EMPLOYEE CONFIDENTIALITY, INVENTION ASSIGNMENT AND NON-COMPETE AGREEMENT
Employee Confidentiality, Invention Assignment and Non-Compete Agreement • March 12th, 2004 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • North Carolina

THIS EMPLOYEE CONFIDENTIALITY, INVENTION ASSIGNMENT AND NON-COMPETE AGREEMENT (“Agreement”) is made as of the date set forth on the signature page below between Inspire Pharmaceuticals, Inc. (“Inspire”), and the person whose name is set forth on the signature page below as Employee (“Employee”).

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MASTER SECURITY AGREEMENT dated as of November 12, 2003 (“Agreement”)
Master Security Agreement • March 12th, 2004 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations

THIS AGREEMENT is between General Electric Capital Corporation (together with its successors and assigns, if any, “Secured Party”) and Inspire Pharmaceuticals, Inc. (“Debtor”). Secured Party has an office at 401 Merritt 7, Suite 23, Norwalk, CT 06851-1177. Debtor is a corporation organized and existing under the laws of the state of Delaware (“the State”). Debtor’s mailing address and chief place of business is 4222 Emperor Boulevard, Suite 470, Durham, NC 27703.

GE Capital Fleet Services Master Lease Agreement
Master Lease Agreement • March 12th, 2004 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • Minnesota

This Master Lease Agreement (the “Agreement”) is entered into by and between Gelco Corporation, a Delaware corporation, doing business as GE Capital Fleet Services (“GECFS”), and the undersigned (the “Customer”). If more than one party executes this Agreement as Customer, each shall be jointly and severally liable hereunder.

SECOND AMENDMENT TO SUBLEASE AND CONSENT
Sublease Agreement • March 12th, 2004 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • North Carolina

THIS SECOND AMENDMENT TO SUBLEASE (the “Agreement”) is dated as of August 13, 2003, by and among ICAgen, Inc. (the “Sublessor”), Inspire Pharmaceuticals, Inc. (the “Sublessee”) and Imperial Center Partnership and Petula Associates, Ltd. as tenants in common, operating as a joint venture (“Landlord”).

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