Sincerely, ACCEPTED definition
Sincerely, ACCEPTED. INTRABIOTICS PHARMACEUTICALS, INC. BY: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ----------------------------------------- ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ TITLE: President and CEO EVP/General Manager -------------------------------------- DATE: --------------------------------------- PRICING: Option 1: Option 2: ------ ------ [LMSI VENTURE FINANCE LOGO] NEGATIVE COVENANT PLEDGE AGREEMENT Agreement made and catered into as of this 1st day of April 1999, by and between INTRABIOTICS PHARMACEUTICALS, Inc., a Delaware Corporation, with its principal place of business at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇, ("Pledgor") and LMSI VENTURE FINANCE, a division of Phoenixcor, Inc., a Delaware Corporation, with its principal place of business at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ("Pledgee"). In consideration of, and as an inducement for Pledgee to enter into Equipment Financing Agreement No. 10782, and all Schedules thereunder, (referred to hereinafter as the "Agreements") with Pledgor, and to secure the payment and performance of all Pledgor's obligations under the Agreements, Pledgor and Pledgee agree as follows: