Agreement Concerning Sale of Common Stock - Biopure Corp. and Carl W. Rausch
August 27, 2003
Carl Rausch
Biopure Corporation
11 Hurley Street
Cambridge, MA 02411
RE: Agreement concerning sale of common stock
Dear Mr. Rausch:
On today's date you intend to sell 100,000 shares of Biopure Corporation
("Company") Class A Common Stock ("Common Stock") to a purchaser pursuant to
arrangements made for you by the Company. In consideration of the Company's
services in assisting you in arranging this sale, you have agreed that you will
not sell any shares of common stock that you own prior to April 15, 2004 except
that you may sell to members of the Board of Directors or to substantial
stockholders of the Company. You also acknowledge and agree with the Company's
insider trading policy, which prohibits hedging transactions.
Very truly yours,
BIOPURE CORPORATION
By:
---------------------------
Ronald F. Richards
Chief Financial Officer
Agreed August 27, 2003
---------------------------
Carl W. Rausch