0001193125-05-126424 Sample Contracts

INSPIRE PHARMACEUTICALS, INC.
Stock Award • June 16th, 2005 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • Delaware

This STOCK AWARD GRANT AGREEMENT (the “Agreement”), dated as of (the “Date of Grant”), is delivered by Inspire Pharmaceuticals, Inc. (the “Company”), to (the “Grantee”).

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INSPIRE PHARMACEUTICALS, INC.
Nonqualified Stock Option Grant Agreement • June 16th, 2005 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • Delaware

This NONQUALIFIED STOCK OPTION GRANT AGREEMENT (the “Agreement”), dated as of (the “Date of Grant”), is delivered by Inspire Pharmaceuticals, Inc. (the “Company”) to (the “Grantee”).

INSPIRE PHARMACEUTICALS, INC.
Stock Appreciation Right Grant Agreement • June 16th, 2005 • Inspire Pharmaceuticals Inc • Pharmaceutical preparations • Delaware

This STOCK APPRECIATION RIGHT GRANT AGREEMENT (the “Agreement”), dated as of (the “Date of Grant”), is delivered by Inspire Pharmaceuticals, Inc. (the “Company”) to (the “Grantee”).

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