SECURITY AGREEMENT

This
Security Agreement (this Agreement)
is made as of December 21, 2009, by and between Vascular Solutions, Inc., a
Minnesota corporation (the Debtor)
and U.S. Bank, National Association, a national banking association (the Secured Party).

RECITALS:

A.          The
Borrower and the Secured Party have entered into a Credit Agreement of even
date herewith (as the same may hereinafter be amended or restated from time to
time, the Credit Agreement),
setting forth the terms on which the Secured Party may make certain loans or
other financial accommodations to or for the benefit of the Borrower.

B.          The Debtor desires to grant to the Secured
Party a security interest in all of the Debtors property, all as provided
herein.

NOW,
THEREFORE, in consideration of the mutual covenants contained in the Credit
Agreement and herein, the parties hereby agree as follows:

1.          Grant of
Security Interest and Collateral. In order to secure payment and
performance of each and every debt, liability and obligation of every type and
description which Debtor may now or at any time hereafter owe to the Secured
Party under or pursuant to the Credit Agreement or any promissory note issued
pursuant thereto, whether it is or may be direct or indirect, due or to become
due, absolute or contingent, primary or secondary, liquidated or unliquidated,
or sole, joint, several or joint and several (all such debts, liabilities and
obligations and any amendments, extensions, renewals or replacements thereof
are herein collectively referred to as the Obligations), Debtor hereby grants the Secured Party a
security interest (the Security Interest)
in all of Debtors property other than Excluded Assets (the Collateral), including without
limitation the following:

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| | (a)          Inventory
 and Goods: All inventory of Debtor, whether now owned or hereafter
 acquired and wherever located and other tangible personal property held for
 sale or lease or furnished or to be furnished under contracts of service or
 consumed in Debtors business, and all goods of Debtor, whether now owned or
 hereafter acquired and wherever located, including without limitation all
 computer programs embedded in goods, and all other Inventory (Inventory) and Goods (Goods), as each such term may be
 defined in the Uniform Commercial Code as in effect in the state of Minnesota
 from time to time (the UCC), of the Debtor, whether now owned or
 hereafter acquired;
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| | (b)          Equipment:
 All equipment of Debtor, whether now owned or hereafter acquired and wherever
 located, including but not limited to all present and future equipment,
 machinery, tools, motor vehicles, trade fixtures, furniture, furnishings,
 office and recordkeeping equipment and all goods for use in Debtors
 business, and all other Equipment (as such term may be defined in the UCC) of
 the Debtor, whether now owned or hereafter acquired, together with all parts,
 equipment and attachments relating to any of the foregoing (Equipment);                                                                                                                                      

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (c)          Accounts,
 Contract Rights and Other Rights to Payment: Each and every right of
 Debtor to the payment of money, whether such right to payment now exists or
 hereafter arises, whether such right to payment arises out of a sale, lease,
 license, assignment or other disposition of goods or other property by
 Debtor, out of a rendering of services by Debtor, out of a loan by Debtor,
 out of the overpayment of taxes or other liabilities of Debtor, or otherwise
 arises under any contract or agreement, whether such right to payment is or
 is not already earned by performance, and howsoever such right to payment may
 be evidenced, together with all other rights and interests (including all
 liens and security interests) which Debtor may at any time have by law or
 agreement against any account debtor or other obligor obligated to make any
 such payment or against any of the property of such account debtor or other
 obligor; all including but not limited to all present and future debt
 instruments, chattel papers, accounts, license fees, contract rights, loans
 and obligations receivable and tax refunds, and all other Accounts (as such
 term may be defined in the UCC) of the Debtor, whether now owned or hereafter
 acquired (Accounts);
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (d)          Instruments:
 All instruments, chattel paper, letters of credit or other documents of
 Debtor, whether now owned or hereafter acquired, including but not limited to
 promissory notes, drafts, bills of exchange and trade acceptances; all rights
 and interests of Debtor, whether now existing or hereafter created or
 arising, under leases, licenses or other contracts, and all other Instruments
 (as such term may be defined in the UCC) of the Debtor, whether now owned or
 hereafter acquired (Instruments);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (e)          Deposit
 Accounts and Investment Property: All right, title and interest of Debtor
 in all deposit and investment accounts maintained with any bank, savings and
 loan association, broker, brokerage, or any other financial institution,
 together with all monies and other property deposited or held therein,
 including, without limitation, any checking account, savings account, escrow
 account, savings certificate and margin account, and all securities, whether
 certificated or uncertificated, security entitlements, securities accounts,
 commodity contracts, and commodity accounts, and all other Deposit Accounts
 (Deposit Accounts) and
 Investment Property (Investment
 Property) (as each such terms may be defined in the UCC) of
 the Debtor, whether now owned or hereafter acquired;                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (f)          General
 Intangibles: All general intangibles of Debtor, whether now owned or
 hereafter acquired, including, but not limited to, applications for patents, patents,
 copyrights, trademarks, trade secrets, good will, tradenames, customer lists,
 permits and franchises, software, and the right to use Debtors name, and any
 and all membership interests, governance rights, and financial rights in each
 and every limited liability company, and all payment intangibles, and all
 other General Intangibles (as such term may be defined in the UCC) of the
 Debtor, whether now owned or hereafter acquired (General Intangibles);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (g)          Chattel
 Paper: All Chattel Paper (as such term may be defined in the UCC) of the
 Debtor, whether tangible or electronic, and whether now owned or hereafter
 acquired (Chattel Paper);
 and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (h)          Documents,
 Embedded Software, Etc.: All of Debtors rights in promissory notes,
 documents, embedded software, letter of credit rights and supporting
 obligations (and security interests and liens securing them) (as any such
 term may be defined in the UCC) whether now owned or hereafter acquired;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
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|together with all substitutions and replacements for and products of
 any of the foregoing property and proceeds of any and all of the foregoing
 property and, in the case of all tangible Collateral, together with
 (i) all accessories, attachments, parts, equipment, accessions, repairs
 and embedded software, now or hereafter attached or affixed to or used in
 connection with any such goods, (ii) all warehouse receipts, bills of
 lading and other documents of title now or hereafter covering such goods, and
 (iii) all books and records of Debtor.

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|For
 purposes of this Agreement, Excluded Assets shall mean (a) Equipment
 subject to a purchase money lien or capital lease to the extent that the
 instrument or other agreement evidencing the purchase money indebtedness
 or capital lease obligation, as the case may be, secured by
 such lien or capital lease on such Equipment limits a Debtors
 ability to grant a security interest therein to the Secured Party;
 provided however, that such Equipment shall be excluded from the Collateral
 only to the extent of $250,000 in the aggregate and only for so long as such
 purchase money indebtedness or capital lease obligation,
 as the case may be, remains outstanding and upon the earlier of the
 termination of such limitation or the satisfaction of such indebtedness,
 such Equipment shall be included in the term Collateral without any further
 action on the part of Debtor or the Secured Party, and (b) that
 certain License Agreement effective as of January 7, 2009, by and between
 Debtor and King Pharmaceuticals Research and Development, Inc., as amended.
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|2.          Representations,
 Warranties and Agreements. Debtor represents, warrants and agrees that:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (a)          Debtor
 is a corporation duly incorporated, validly existing and in good standing
 under the laws of the state of Minnesota. This Agreement has been duly and
 validly authorized by all necessary corporate action. Debtor has the
 requisite corporate power and authority to execute this Agreement, to perform
 Debtors obligations hereunder and to subject the Collateral to the Security
 Interest. Debtors organizational charter number is 9L-421.                                                                                                                                                                                                                
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (b)          The
 Collateral is used primarily for business purposes outlined in the Credit
 Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (c)          Debtors
 chief place of business is: 6464 Sycamore Court, Minneapolis, Minnesota
 55369. Debtors records concerning the Collateral are kept at such
 address and the Collateral is located at such address, except when being
 transported in the ordinary course of business. Debtor will give at least 30
 days advance written notice to Secured Party of any change in Debtors name
 or jurisdiction of organization or chief place of business and any change in
 or addition of any Collateral location (except for Collateral being
 transported in the ordinary course of business) or any change in the location
 of Debtors records concerning the Collateral.
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (d)          Debtor
 has (or will have at the time Debtor acquires rights in Collateral hereafter
 arising) and will maintain marketable title to each item of Collateral free
 and clear of all security interests, liens and encumbrances, except the
 Security Interest and any lien filed by a third party for equipment as
 permitted in the Credit Agreement, and will defend the Collateral against all
 claims or demands of all persons other than Secured Party and any permitted
 lien filed by a third party.                                                                                                                                                                 
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (e)          Except
 as otherwise provided in the Credit Agreement, Debtor will not sell or
 otherwise transfer or dispose of the Collateral or any interest therein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (f)          Debtor
 will not permit any tangible Collateral to be located in any state (and, if a
 county filing is required, in any county) in which a financing statement
 covering such Collateral is required to be, but has not in fact been, filed.                                                                                                                                                                                                                                                                                                                                                                                                                                

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| | (g)          All
 rights to payment and all instruments, documents, chattel papers and other
 agreements constituting or evidencing Collateral are (or will be when arising
 or issued) the valid, genuine and legally enforceable obligation, subject to
 no defense, set-off or counterclaim (other than those arising in the ordinary
 course of business) of each account debtor or other obligor named therein or in
 Debtors records pertaining thereto as being obligated to pay such
 obligation. Debtor will not agree to any modification, amendment or
 cancellation of any such obligation without Secured Partys prior written
 consent except discounts provided by Debtor in the ordinary course of
 business, and will not subordinate any such right to payment to claims of
 other creditors of such account debtor or other obligor.
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| | (h)          Debtor
 will keep all tangible Collateral in good repair, working order and
 condition, normal depreciation excepted, and will, from time to time, replace
 any worn, broken or defective parts thereof.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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| | (i)          Except
 as otherwise provided in the Credit Agreement, Debtor will promptly pay all
 taxes and other governmental charges levied or assessed upon or against any
 Collateral or upon or against the creation, perfection or continuance of the
 Security Interest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (j)          Debtor
 will promptly notify Secured Party of any material loss of or damage to any
 Collateral or of any adverse change in the prospect of payment of any
 material sums due on or under any instrument, chattel paper, account or
 contract right constituting Collateral.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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| | (k)          Debtor
 will if Secured Party at any time so requests (whether the request is made
 before or after the occurrence of an Event of Default), promptly deliver to
 Secured Party any instrument, document or chattel paper constituting
 Collateral, duly endorsed or assigned by Debtor to Secured Party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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| | (l)          Debtor
 will at all times keep all tangible Collateral insured against risks of fire
 (including so-called extended coverage), theft, and such other risks and in
 such amounts as Secured Party may reasonably request, with any loss payable
 to Secured Party to the extent of its interest.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (m)          Debtor
 hereby authorizes the filing of such financing statements as Secured Party
 may deem necessary or useful to be filed in order to perfect the Security
 Interest and, if any Collateral is covered by a certificate of title, Debtor
 will from time to time execute such documents as may be required to have the
 Security Interest properly noted on a certificate of title. In addition,
 Debtor authorizes Secured Party to file from time to time such financing
 statements against the Collateral described as all personal property or
 all assets or the like as Secured Party deems necessary or useful to
 perfect the Security Interest.                                                                                                                                                                            
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (n)          Debtor
 will pay when due or reimburse Secured Party on demand for all reasonable
 costs of collection of any of the Obligations and all other reasonable
 out-of-pocket expenses (including in each case all reasonable attorneys
 fees) incurred by Secured Party in connection with the creation, perfection,
 satisfaction or enforcement of the Security Interest or the execution or
 creation, continuance or enforcement of this Security Agreement or any or all
 of the Obligations.                                                                                                                                                                                                                                                                                                                                             
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (o)          Debtor
 will take all such actions as Secured Party may reasonably request to permit
 the Secured Party to establish and perfect the Security Interest in all
 jurisdictions Secured Party deems necessary. Without in any way limiting the
 generality of the foregoing, Debtor will execute, deliver or endorse any and
 all instruments, documents, assignments, security agreements and other
 agreements and writings which Secured Party may at any time reasonably
 request in order to secure, protect, perfect or enforce the Security Interest
 and Secured Partys rights under this Agreement.                                                                                                                                                                                                                                  

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 will not knowingly use or keep any Collateral, or permit it to be used or
 kept, for any unlawful purpose or in violation of any federal, state or local
 law, statute or ordinance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (q)          All items of Equipment and Inventory existing
on the date of this Agreement are located at the places specified on Schedule I
hereto. The Debtor will immediately notify the Secured Party of any
additional state or county in which any item of Inventory or Equipment is
hereafter located. The Debtor will from time to time at the request of the
Secured Party provide the Secured Party with current lists as to the
locations of the Equipment and Inventory. The Debtor will not permit any
Inventory, Equipment, Chattel Paper or Documents or any records pertaining to
Accounts and General Intangibles to be located in any state or county in
which, in the event of such location, a financing statement covering such
Collateral would be required to be, but has not in fact been, filed in order
to perfect the Security Interest.
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|If Debtor at any time fails to perform or observe any of the
 foregoing agreements, immediately upon the occurrence of such failure,
 without notice or lapse of time, Secured Party may (but need not) perform or
 observe such agreement on behalf and in the name, place and stead of Debtor
 (or, at Secured Partys option, in Secured Partys own name) and may (but
 need not) take any and all other actions which Secured Party may reasonably deem
 necessary to cure or correct such failure (including, without limitation, the
 payment of taxes, the satisfaction of security interests, liens, or
 encumbrances, the performance of obligations under contracts or agreements
 with account debtors or other obligors, the procurement and maintenance of
 insurance, the execution of financing statements, the endorsement of
 instruments, and the procurement of repairs, transportation or insurance);
 and, except to the extent that the effect of such payment would be to render
 any loan or forbearance of money usurious or otherwise illegal under any
 applicable law, Debtor shall thereupon pay Secured Party on demand the amount
 of all reasonable moneys expended and all reasonable costs and expenses
 (including reasonable attorneys fees) incurred by Secured Party in
 connection with or as a result of Secured Partys performing or observing
 such agreements or taking such actions, together with interest thereon from
 the date expended or incurred by Secured Party at the highest rate then
 applicable to any of the Obligations. To facilitate the performance or
 observance by Secured Party of such agreements of Debtor, Debtor hereby
 irrevocably appoints (which appointment is coupled with an interest) Secured
 Party, or its delegate, as the attorney-in-fact of Debtor with the right (but
 not the duty) from time to time to create, prepare, complete, execute,
 deliver, endorse or file, in the name and on behalf of Debtor, any and all
 instruments, documents, financing statements, applications for insurance and
 other agreements and writings required to be obtained, executed, delivered or
 endorsed by Debtor under this Section 2.
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|3.          Lock
 Box; Collateral Account.
 If Secured Party so requests at any time after the occurrence and during the
 continuance of an Event of Default (as defined in Section 7 of this
 Agreement), Debtor will direct each of its account debtors to make payments
 due under the relevant account or chattel paper directly to a special lock
 box to be under the control of Secured Party (the Lock Box). Debtor hereby authorizes
 and directs Secured Party to deposit into a special collateral account to be
 established and maintained with Secured Party (the Collateral Account) all checks,
 drafts, and cash payments received in the Lock Box. All deposits in the
 Collateral Account shall constitute proceeds of Collateral and shall not
 constitute payment of any Obligation. Secured Party shall promptly apply
 finally collected funds on deposit in the Collateral Account to the payment
 of the Obligations in such order of application as Secured Party may
 determine, or permit Debtor to withdraw all or any part of the balance. If a
 Lock Box is so established, Debtor agrees that it will promptly deliver to
 Secured Party, for deposit into the Lock Box, all payments on accounts and
 chattel paper received by it. All such payments shall be delivered to Secured
 Party in the form received (except for Debtors endorsement where necessary).
 Until so deposited, all such payments on accounts and chattel paper received
 by Debtor shall be held in trust by Debtor for and as the property of Secured
 Party and shall not be commingled with any funds or property of Debtor. Once
 an Event of Default has been cured, Debtor will regain control over the Lock
 Box.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

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|4.          Account
 Verification and Collection Rights of Secured Party. At any
 time after the occurrence and during the continuance of an Event of Default
 (as defined in the Credit Agreement), Secured Party shall have the right to
 verify any accounts in the name of Debtor or in Secured Partys own name; and
 Debtor, whenever requested, shall furnish Secured Party with duplicate
 statements of the accounts, which statements may be mailed or delivered by
 Secured Party for that purpose. Whether or not Secured Party exercises its
 rights under Section 3 of this Agreement, after the occurrence and during the
 continuance of an Event of Default, Secured Party may at any time notify any
 account debtor or any other person obligated to pay any amount due, that such
 chattel paper, account or other right to payment has been assigned or
 transferred to Secured Party for security and shall be paid directly to
 Secured Party. If Secured Party so requests at any time (after the occurrence
 and during the continuance of an Event of Default), Debtor will so notify
 such account debtors and other obligors in writing and will indicate on all
 invoices to such account debtors or other obligors that the amount due is
 payable directly to Secured Party. At any time after Secured Party or Debtor
 gives such notice to an account debtor or other obligor, Secured Party may
 (but need not), in Secured Partys own name or in Debtors name, demand, sue
 for, collect or receive any money or property at any time payable or receivable
 on account of, or securing, any such chattel paper, account or other right to
 payment, or grant any extension to, make any compromise or settlement with or
 otherwise agree to waive, modify, amend or change the obligations (including
 collateral obligations) of any such account debtor or other obligor.
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|5.          Assignment
 of Insurance.
 Debtor hereby assigns to Secured Party, as additional security for the
 payment of the Obligations, any and all moneys, to the extent of the
 Obligations (including but not limited to proceeds of insurance and refunds
 of unearned premiums) due or to become due under, and all other rights of
 Debtor under or with respect to, an interest in any and all policies of
 insurance covering the Collateral, and Debtor hereby directs the issuer of
 any such policy to pay any such moneys directly to Secured Party to the
 extent of the Obligations in an Event of Default. After the occurrence and
 during the continuance of an Event of Default, Secured Party may (but need
 not), in Secured Partys own name or in Debtors name, execute and deliver
 proofs of claim, receive all such moneys (to the extent of the Obligations),
 endorse checks and other instruments representing payment of such moneys, and
 adjust, litigate, compromise or release any claim against the issuer of any
 such policy to the extent of the Obligations. Notwithstanding the foregoing,
 Debtor shall be entitled to use any such insurance proceeds to repair or
 replace any Collateral so long as no Event of Default then exists.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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|6.          Right
 to Offset.
 Nothing in this Agreement shall be deemed a waiver or prohibition of Secured
 Partys right of bankers lien, offset, or counterclaim, which right Debtor
 hereby grants to Secured Party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                              
|7.          Events
 of Default. Any
 one or more of the following occurrences shall constitute an Event of
 Default under this Agreement:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (a)          the
 Debtor shall fail to observe or perform any representation, warranty,
 covenant or agreement applicable to the Debtor under this Agreement, subject
 to any applicable cure period as set forth in the Credit Agreement; or
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (b)          any
 Event of Default however denominated shall occur under the Credit Agreement
 or any agreement, document or instrument executed in connection therewith.                                                                    

6

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|8.          Remedies
 Upon Event of Default.
 All rights and remedies of Secured Party shall be cumulative and may be
 exercised singularly or concurrently, at Secured Partys option, and the exercise
 or enforcement of any one such right or remedy shall neither be a condition
 to nor bar the exercise or enforcement of any other. Upon the occurrence and continuance of an Event of Default, in
 addition to the remedies as afforded under the Credit Agreement (or any other
 agreement, document or instrument executed in connection with the Credit
 Agreement), the Secured Party shall have the following rights and remedies:
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (a)          The
 Secured Party may accelerate the payment of and declare that all Obligations
 are immediately due and payable, whether matured or unmatured, whereupon all
 of the Obligations shall be immediately due and payable, and the same shall
 thereafter be immediately due and payable, without presentment of other notice
 or demand.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (b)          The
 Secured Party may exercise and enforce any and all rights and remedies
 available to a secured party under the UCC or as set forth or available to it
 under this Agreement, without limitation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (c)          The
 Secured Party shall have the right to enter upon and into and take possession
 of all or such part or parts of the properties of the Debtor, including
 lands, plants, buildings, Equipment, Inventory and other property as may be
 necessary or appropriate in the judgment of the Secured Party to permit or
 enable the Secured Party to process, store or sell all or any part of the
 Collateral, as the Secured Party may elect, and to use and operate said
 properties for said purposes and for such length of time as the Secured Party
 may deem necessary or appropriate for said purposes without the payment of
 any compensation to Debtor therefor. The Secured Party may require the Debtor
 to, and the Debtor hereby agrees that it will, at its expense and upon request
 of the Secured Party forthwith, assemble all or part of the Collateral as
 directed by the Secured Party and make it available to the Secured Party at a
 place or places to be designated by the Secured Party.                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (d)          Any
 sale of Collateral may be in one or more parcels at public or private sale,
 at any of the Secured Partys offices or elsewhere, for cash, on credit, or
 for future delivery, and upon such other terms as the Secured Party may
 reasonably believe are commercially reasonable. If notice to the Debtor of
 any intended disposition of Collateral or any other intended action is
 required by law in a particular instance, such notice shall be deemed
 commercially reasonable if given in the manner specified for the giving of
 notice in the Credit Agreement at least ten (10) calendar days prior to the
 date of intended disposition or other action, and the Secured Party may
 exercise or enforce any and all other rights or remedies available by law or
 agreement against the Collateral, against the Debtor, or against any other
 person or property. The Secured Party shall not be obligated to make any sale
 of Collateral regardless of notice of sale having been given, and the Secured
 Party may adjourn any public or private sale from time to time by announcement
 made at the time and place fixed therefor, and such sale may, without further
 notice, be made at the time and place to which it was so adjourned.
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (e)          The
 Secured Party is hereby granted a non-exclusive, worldwide license, or
 sub-license in the event such property is licensed to Debtor, or other right
 to use, without charge, all of the Debtors property, including, without
 limitation, all of the Debtors labels, trademarks, copyrights, patents and
 advertising matter, or any property of a similar nature, as it pertains to
 the Collateral, in completing sale and selling any Collateral, and the
 Debtors rights under all licenses and all franchise agreements shall inure
 to the Secured Partys benefit until the Obligations are paid in full,
 provided that Secured Party may assign such rights in connection with the
 sale of the other Collateral.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

7

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|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (f)          At
 any time and from time to time, without notice to Debtor (any such notice
 being expressly waived by Debtor), to set off and apply any and all deposits
 (general or special, time or demand, provisional or final) at any time held
 and other indebtedness at any time owing by Secured Party to or for the
 credit or the account of Debtor against any and all of the Obligations,
 irrespective of whether or not the Secured Party shall have made demand under
 this Agreement or the Credit Agreement (or any agreement, document or
 instrument executed and delivered by Debtor in connection therewith) and
 although the Obligations may be unmatured. Secured Party agrees to promptly
 notify the Debtor after any such set off and application, provided that the
 failure to give such notice shall not affect the validity of such set off and
 application.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (g)          The
 Secured Party may exercise or enforce any or all other rights or remedies
 available to Secured Party by law or agreement against the Collateral,
 against Debtor or against any other person or property.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
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|9.          Other
 Personal Property. If at the time Secured Party takes
 possession of any tangible Collateral, any goods, papers or other properties
 of Debtor, not affixed to or constituting a part of such Collateral, are
 located or to be found upon or within such Collateral, Debtor agrees to
 notify Secured Party in writing of that fact, describing the property so
 located or to be found, within seven (7) calendar days after the date on
 which Secured Party took possession. Unless and until Secured Party receives
 such notice from Debtor, Secured Party shall not be responsible or liable to
 Debtor for any action taken or omitted by or on behalf of Secured Party with
 respect to such property without actual knowledge of the existence of any
 such property or without actual knowledge of the fact that it was located or
 to be found upon such Collateral.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|10.          The Secured Partys Duties. The powers conferred on the Secured Party
 under this Agreement are solely to protect its interest in the Collateral and
 shall not impose any duty upon it to exercise any such powers. Without
 limiting the generality of the foregoing, the Secured Party shall not be
 obligated to perfect or be liable for the failure to perfect the Security
 Interest, nor shall the Secured Party be obligated to seize or otherwise
 realize upon the Collateral or any part thereof or be bound to institute
 proceedings to seize, collect, realize or otherwise obtain possession of and
 sell the Collateral or any part thereof. The Secured Party shall be deemed to
 have exercised reasonable care in the safekeeping of any Collateral in its
 possession if such Collateral is accorded treatment substantially equal to
 the safekeeping which the Secured Party accords its own property of like
 kind. Except for the safekeeping of any Collateral in its possession and the
 accounting for monies and for other properties actually received by it
 hereunder, the Secured Party shall have no duty, as to any Collateral, as to
 ascertaining or taking action with respect to the taking of any necessary
 steps to preserve rights against any persons or any other rights pertaining
 to any Collateral.                                                                                                                                                                                                                                                                                                                                           
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|11.          Costs and Expenses; Indemnity. The Debtor will pay or reimburse the Secured
 Party on demand for all reasonable out-of-pocket expenses (including in each
 case all filing and recording fees and taxes and all reasonable fees and
 expenses of counsel and of any experts and agents) incurred by the Secured
 Party in connection with the creation, perfection, amendment, continuation,
 protection, satisfaction, defense, foreclosure or enforcement of the Security
 Interest and the creation, preparation, administration, continuance,
 protection, amendment, defense or enforcement of this Agreement, including
 expenses incurred in any litigation, bankruptcy, or insolvency proceedings,
 and all such costs and expenses shall be part of the Obligations secured by
 the Security Interest. The Debtor shall indemnify and hold the Secured Party
 harmless from and against any and all claims, losses and liabilities brought
 by third parties (including reasonable attorneys fees) arising out of or
 resulting from this Agreement and the Security Interest hereby created
 (including enforcement of this Agreement) or the Secured Partys actions
 pursuant hereto, except claims, losses or liabilities resulting from the
 Secured Partys bad faith, gross negligence or willful misconduct as
 determined by a final judgment of a court of competent jurisdiction. Any
 liability of the Debtor to indemnify and hold the Secured Party harmless
 pursuant to the preceding sentence shall be part of the Obligations secured
 by the Security Interest. The obligations of the Debtor under this Section
 shall survive any termination of this Agreement.

8

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|12.          Waiver of Defenses. Except as otherwise described in the Credit
 Agreement, the Debtor waives the benefit of any and all defenses and
 discharges available to a guarantor, surety, endorser or accommodation party,
 dependent on its character as such. Without limiting the generality of the
 foregoing, the Debtor (in such capacity) waives presentment, demand for
 payment, and notice of nonpayment or protest of any note or any other
 instrument evidencing any of the Obligations; and the Debtor agrees that its
 liability hereunder and the Security Interest hereby created shall not be
 affected or impaired in any way by any of the following acts and things
 (which the Secured Party may do from time to time without notice to the
 Debtor): (a) by any sale, pledge, surrender, compromise, settlement, release,
 renewal, extension, indulgence, alteration, substitution, exchange, change
 in, modification, or other disposition of any of the Obligations or any
 evidence thereof or any collateral therefor, (b) by any acceptance or release
 of collateral for or guarantors of any of the Obligations, (c) by any
 failure, neglect or omission to realize upon or protect any of the
 Obligations, or to obtain, perfect, enforce or realize upon any collateral
 therefor, or to exercise any Lien upon or right of appropriation of any
 moneys, credits or property toward the liquidation of any of the Obligations,
 or (d) by any application of payments or credits upon any of the Obligations.
 The Secured Party shall not be required, before exercising its rights under
 this Agreement, to first resort for payment of any of the Obligations to the
 Debtor or any other persons, its or their properties or estates, or any
 collateral, property, Liens or other rights or remedies whatsoever. The
 Debtor agrees not to exercise any right of contribution, recourse,
 subrogation or reimbursement available to the Debtor against any other person
 or property, unless and until all Obligations and all other debts,
 liabilities and obligations owed by the Debtor to the Secured Party have been
 paid and discharged. The Debtor hereby waives any rights it may have at
 equity or in law to require the Secured Party to apply any rights of
 marshalling or other equitable doctrines in the circumstances. The Debtor
 expects to derive benefits from the transactions resulting in the creation of
 the Obligations. The Secured Party may rely conclusively on the continuing
 warranty, hereby made, that the Debtor continues to be benefitted by the
 Secured Partys extension of credit accommodations to the Debtor and the
 Secured Party shall have no duty to inquire into or confirm the receipt of
 any such benefits, and this Agreement shall be effective and enforceable by
 the Secured Party without regard to the receipt, nature or value of any such
 benefits.
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|13.          Amendment;
 Waivers. This Agreement can be waived, modified, amended,
 terminated or discharged, and the Security Interest can be released, only
 explicitly in a writing signed by Secured Party and Debtor. A waiver shall be
 effective only in the specific instance and for the specific purpose given.
 Mere delay or failure to act shall not preclude the exercise or enforcement
 of any of Secured Partys rights or remedies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|14.          Notices. All notices to be given to Debtor
 shall be deemed sufficiently given if given in the manner specified in the
 Credit Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|15.          Entire Agreement. This Agreement and the Credit Agreement (and
 the other agreements, documents and instruments executed and delivered in
 connection with the Credit Agreement) embody the entire agreement and
 understanding between the Debtor and Secured Party with respect to the
 subject matter hereof and thereof. Nothing contained in this Agreement or in
 the Credit Agreement, expressed or implied, is intended to confer upon any
 persons other than the parties hereto any rights, remedies, obligations or
 liabilities hereunder or thereunder.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|16.          Debtor Acknowledgements. The Debtor
 hereby acknowledges that (a) it has been advised by counsel in the
 negotiation, execution and delivery of this Agreement, (b) the Secured Party
 has no fiduciary relationship to the Debtor, the relationship being solely
 that of debtor and creditor, and (c) no joint venture exists between the
 Debtor and the Secured Party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

9

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
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|17.          Continuing Security Interest & Assignment.
 This Agreement shall (a) create a continuing security interest in the
 Collateral to secure repayment of the Obligations, (b) be binding upon the
 Debtor, its successors and permitted assigns, and (c) inure to the benefit
 of, and be enforceable by, the Secured Party and its successors, transferees,
 and assigns. Without limiting the generality of the foregoing clause (c), the
 Secured Party may assign or otherwise transfer all or any portion of its
 rights under this Agreement without the consent of the Debtor. The Debtor may
 not assign its rights or obligations, in whole or in part, under this
 Agreement without the prior express written consent of the Secured Party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|18.          Governing Law and Construction. THE
 VALIDITY, CONSTRUCTION AND ENFORCEABILITY OF THIS AGREEMENT SHALL BE GOVERNED
 BY THE LAWS OF THE STATE OF MINNESOTA, WITHOUT GIVING EFFECT TO CONFLICT OF
 LAWS PRINCIPLES THEREOF, EXCEPT TO THE EXTENT THAT THE VALIDITY OR PERFECTION
 OF THE SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY
 PARTICULAR COLLATERAL ARE MANDATORILY GOVERNED BY THE LAWS OF A JURISDICTION
 OTHER THAN THE STATE OF MINNESOTA. Whenever possible, each provision of this
 Agreement and any other statement, instrument or transaction contemplated
 hereby or relating hereto shall be interpreted in such manner as to be
 effective and valid under such applicable law, but, if any provision of this
 Agreement or any other statement, instrument or transaction contemplated
 hereby or relating hereto shall be held to be prohibited or invalid under
 such applicable law, such provision shall be ineffective only to the extent
 of such prohibition or invalidity, without invalidating the remainder of such
 provision or the remaining provisions of this Agreement or any other
 statement, instrument or transaction contemplated hereby or relating hereto.
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|19.          Consent to Jurisdiction. AT THE
 OPTION OF THE SECURED PARTY, THIS AGREEMENT MAY BE ENFORCED IN ANY FEDERAL
 COURT OR MINNESOTA STATE COURT SITTING IN HENNEPIN COUNTY, MINNESOTA; AND THE
 DEBTOR CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVES
 ANY ARGUMENT THAT VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT THE
 DEBTOR COMMENCES ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY TORT
 OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP
 CREATED BY THIS AGREEMENT, THE SECURED PARTY AT ITS OPTION SHALL BE ENTITLED
 TO HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED,
 OR IF SUCH TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH
 CASE DISMISSED WITHOUT PREJUDICE.                                                                                                                                                                                                                                                                                                                                                                                                                                
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|20.          Waiver of Notice and Hearing. THE
 DEBTOR HEREBY WAIVES ALL RIGHTS TO A JUDICIAL HEARING OF ANY KIND PRIOR TO THE
 EXERCISE BY THE SECURED PARTY OF ITS RIGHTS TO POSSESSION OF THE COLLATERAL
 WITHOUT JUDICIAL PROCESS OR OF ITS RIGHTS TO REPLEVY, ATTACH, OR LEVY UPON
 THE COLLATERAL WITHOUT PRIOR NOTICE OR HEARING. THE DEBTOR ACKNOWLEDGES THAT
 IT HAS BEEN ADVISED BY COUNSEL OF ITS CHOICE WITH RESPECT TO THIS PROVISION
 AND THIS AGREEMENT.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|21.          Survival of Representations and Warranties.
 All representations and warranties contained in this Agreement shall survive
 the execution, delivery and performance of this Agreement and the creation
 and payment of the Obligations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|22.          Waiver of Acceptance. The Debtor
 waives notice of the acceptance of this Agreement by the Secured Party.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|23.          Captions and Headings. Captions in
 this Agreement are for reference and convenience only and shall not affect
 the interpretation or meaning of any provision of this Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

10

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SECURITY AGREEMENT

[Signature Page]

IN WITNESS
WHEREOF, Secured Party and Debtor have caused this Agreement to be duly
executed and delivered by their officers thereunto duly authorized as of the
date first written above.

| |                                 |                          |  | 
| | ------------------------------- | ------------------------ |  | 
| | DEBTOR:                        
| |                                
| | VASCULAR SOLUTIONS, INC.,      
| | a Minnesota
 corporation       
| |                                 |                          |  | 
| | By:                             | /s/ James
 Hennen       
| |                                 |                         
| | Name:                           | James Hennen            
| |                                 |                         
| | Its:                            | Chief
 Financial Officer
| |                                 |                         
| |                                 |                          |  | 
| | SECURED PARTY:                 
| |                                
| | U.S. BANK, NATIONAL ASSOCIATION
| |                                 |                          |  | 
| | By:                             | /s/ Greg
 Guttormsson   
| |                                 |                         
| | Name:                           | Greg
 Guttormsson       
| |                                 |                         
| | Its:                            | Vice
 President         
| |                                 |                         

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EXHIBIT A

BORROWER INFORMATION

|                          |  |                               |  |                                             |  |                                        |  |                                         
|------------------------- |  | ----------------------------- |  | ------------------------------------------- |  | -------------------------------------- |  | ----------------------------------------
|Legal Name                |  | Jurisdiction of
 Organization |  | Chief Executive Office                      |  | Organizational
 Identification
 Number |  | Federal Employer
 Identification
 Number
|                          |  |                               |  |                                             |  |                                        |  |                                         
|Vascular
 Solutions, Inc. |  | Minnesota                     |  | 6464
 Sycamore Court
 Minneapolis, MN 55369 |  | 9L-421                                 |  | 41-1859679                              

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SCHEDULE 1

LOCATION OF EQUIPMENT
AND INVENTORY

Locations:

Vascular Solutions, Inc.6464 Sycamore CourtMaple Grove, MN 55369

Vascular Solutions, Inc.5025 Cheshire LanePlymouth, MN 55446

Debtors field representatives are provided with office Equipment in
connection with their job responsibilities

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