Document:

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                                  EXHIBIT 10.5

                        1992 Employee Stock Purchase Plan

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                                 MATRITECH, INC.

                        1992 EMPLOYEE STOCK PURCHASE PLAN

ARTICLE 1 - PURPOSE.

         This 1992 Employee Stock Purchase Plan (the "Plan") is intended to
encourage stock ownership by all eligible employees of Matritech, Inc., a
Delaware corporation (the "Company"), and its participating subsidiaries (as
defined in Article 17) so that they may share in the growth of the Company by
acquiring or increasing their proprietary interest in the Company. The Plan is
designed to encourage eligible employees to remain in the employ of the Company.
It is intended that options issued pursuant to this Plan will constitute options
issued pursuant to an "employee stock purchase plan" within the meaning of
Section 423(b) of the Internal Revenue Code of 1986, as amended (the "Code").

ARTICLE 2 - ADMINISTRATION OF THE PLAN.

         The Plan may be administered by a committee appointed by the Board of
Directors of the Company (the "Committee"). The Committee shall consist of not
less than two members of the Company's Board of Directors. The Board of
Directors may from time to time remove members from, or add members to, the
Committee. Vacancies on the Committee, however caused, shall be filled by the
Board of Directors. The Committee may select one of its members as Chairman, and
shall hold meetings at such times and places as it may determine. Acts by a
majority of the Committee, or acts reduced to or approved in writing by a
majority of the members of the Committee, shall be the valid acts of the
Committee.

         The interpretation and construction by the Committee of any provisions
of the Plan or of any option granted under it shall be final, unless otherwise
determined by the Board of Directors. The Committee may from time to time adopt
such rules and regulations for carrying out the Plan as it may deem best,
provided that any such rules and regulations shall be applied on a uniform basis
to all employees under the Plan. No member of the Board of Directors or the
Committee shall be liable for any action or determination made in good faith
with respect to the Plan or any option granted under it.

         In the event the Board of Directors fails to appoint or refrains from
appointing a Committee, the Board of Directors shall have all power and
authority to administer the Plan. In such event, the word "Committee" wherever
used herein shall be deemed to mean the Board of Directors.

ARTICLE 3 - ELIGIBLE EMPLOYEES.

         All employees of the Company or any of its participating subsidiaries
shall be eligible to receive options under this Plan to purchase the Company's
Common Stock, and all eligible employees shall have the same rights and
privileges hereunder. Persons who are employed on the

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first day of any Payment Period (as defined in Article 5) shall receive their
options as of such day. Persons who are employed after any date on which options
are granted under this Plan shall be granted options on the first day of the
next succeeding Payment Period on which options are granted to all eligible
employees. Directors who are not employees of the Company shall not be eligible
to receive options under this Plan. In no event may an employee be granted an
option if such employee, immediately after the option is granted, owns stock
possessing five percent (5%) or more of the total combined voting power or value
of all classes of stock of the Company or of its parent corporation or
subsidiary corporations, as the terms "parent corporation" and "subsidiary
corporation" are defined in Section 424(e) and (f) of the Code. For purposes of
determining stock ownership under this paragraph, the rules of Section 424(d) of
the Code shall apply, and stock which the employee may purchase under
outstanding options shall be treated as stock owned by the employee.

         For purposes of this Article 3, the term "employee" shall not include
an employee whose customary employment is twenty (20) hours or less per week or
whose customary employment is for not more than-five (5) months in any calendar
year.

ARTICLE 4 - STOCK SUBJECT TO THE PLAN.

         The stock subject to the options under the Plan shall be shares of the
Company's authorized but unissued Common Stock, par value $.O1 per share, or
shares of such Common Stock reacquired by the Company, including shares
purchased in the open market. The aggregate number of shares which may be issued
pursuant to the Plan is 225,000, subject to adjustment as provided in Article 12
PROVIDED, HOWEVER, that such number of shares shall not be subject to adjustment
by reason of the 9.1 for one stock split in the form of a stock dividend
declared by the Board of Directors of the Company at a meeting on March 2,-1992.
In the event any option granted under the Plan shall expire or terminate for any
reason without having been exercised in full or shall cease for any reason to be
exercisable in whole or in part, the unpurchased shares subject thereto shall
again be available under the Plan.

ARTICLE 5 - PAYMENT PERIOD AND STOCK OPTIONS.

         The first Payment Period during which payroll deductions will be
accumulated under the Plan shall commence on the first day of the month
following the day on which shares of the Company's Common Stock are first sold
to the public in an initial public offering and shall end on December 31, 1992.
For the remainder of the duration of this Plan, Payment Periods shall consist of
the twelve-month periods commencing on January 1 and ending on December 31, of
each calendar year. Payroll deductions made from bonus and commission payments
will be deemed accumulated under the Plan during the Payment Period during which
such payments are made. All other payroll deductions will be deemed accumulated
under the Plan during the Payment Period during which the regular payroll period
to which it relates ends.

         Once each year, on the first business day of each Payment Period, the
Company will grant to each eligible employee who is then a participant in the
Plan an option to purchase on the last day of such Payment Period, at the Option
Price hereinafter provided for, a maximum of 1,000 shares, on condition that
such employee remains eligible to participate in the Plan throughout

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such Payment Period. The participant shall be entitled to exercise such option
so granted only to the extent of the participant's accumulated payroll
deductions on the last day of such Payment Period. In the event that the
participant's accumulated payroll deductions on the last day of the Payment
Period would enable the participant to purchase more than 1,000 shares except
for the 1,000-share limitation, the excess of the amount of the accumulated
payroll deductions over the aggregate purchase price of the 1,000 shares shall
be promptly refunded to the participant by the Company, without interest. The
Option Price for each Payment Period shall be the lesser of: (i) 85% of the
average market price of the Company's Common Stock on the first business day of
the Payment Period, or (ii) 85% of the average market price of the Company's
Common Stock on the last business day of the Payment Period, in either event
rounded up to avoid fractions of a dollar other than 1/4, 1/2 and 3/4. The
foregoing limitation on the number of shares which may be granted in any Payment
Period and the Option Price per share shall be subject to adjustment as provided
in Article 12.

         For purposes of this Plan, the term "average market price" on any date
means (i) the average (on that date) of the high and low prices of the Company's
Common Stock on the principal national securities exchange on which the Common
Stock is traded, if the Common Stock is then traded on a national securities
exchange; or (ii) the last reported sale price (on that date) of the Common
Stock on the NASDAQ National Market List, if the Common Stock is not then traded
on a national securities exchange; or (iii) the average of the closing bid and
asked prices last quoted (on that date) by an established quotation service for
over-the-counter securities, if the Common Stock is not reported on the NASDAQ
National Market List. If the Company's Common Stock is not publicly traded at
the time an option is granted under this Plan, "average market price" shall mean
the fair market value of the Common Stock as determined by the Committee after
taking into consideration all factors which it deems appropriate, including,
without limitation, recent sale and offer prices of the Common Stock in private
transactions negotiated at arm's length.

         For purposes of this Plan, the term "business day" means a day on which
there is trading on the NASDAQ National Market System or on the aforementioned
national securities exchange, whichever is applicable pursuant to the preceding
paragraph.

         No employee shall be granted an option which permits the employee's
right to purchase Common Stock under this Plan, and under all other Section
423(b) employee stock purchase plans of the Company or any parent or subsidiary
corporations, to accrue at a rate which exceeds $25,000 of fair market value of
such stock (determined at the time such option is granted) for each calendar
year in which such option is outstanding at any time. The purpose of the
limitation in the preceding sentence is to comply with Section 423(b)(8) of the
Code.

ARTICLE 6 - EXERCISE OF OPTION.

         Each eligible employee who continues to be a participant in the Plan on
the last business day of a Payment Period shall be deemed to have exercised
his/her option on such date and shall be deemed to have purchased from the
Company such number of full shares of Common Stock reserved for the purpose of
the Plan as his/her accumulated payroll deductions on such date will pay for at
the Option Price, subject to the 1,000-share limit of the option. if a
participant is not an

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employee on the last business day of a Payment Period, he/she shall not be
entitled to exercise his/her option. Only full shares of Common Stock may be
purchased under the Plan. Unused payroll deductions remaining in an employee's
account at the end of a Payment Period (other than amounts refunded to the
employee pursuant to Article 5) will be carried forward to the succeeding
Payment Period.

ARTICLE 7 - AUTHORIZATION FOR ENTERING THE PLAN.

         An employee may enter the Plan by filling out, signing and delivering
to the Company an authorization:

                  A.       Stating the percentage to be deducted regularly from
         the employee's pay;

                  B.       Authorizing the purchase of stock for the employee in
         each Payment Period in accordance with the terms of the Plan; and

                  C.       Specifying the exact name in which stock purchased
         for the employee is to be issued as provided under Article 11 hereof.

         Such authorization must be received by the Company at least ten (10)
days before the beginning date of the next succeeding Payment Period.

         Unless an employee files a new authorization or withdraws from the
Plan, the deductions and purchases under the authorization the employee has on
file under the Plan will continue from one Payment Period to succeeding Payment
Periods as long as the Plan remains in effect.

         The Company will accumulate and hold for the employee's account the
amounts deducted from his/her pay. No interest will be paid on these amounts.

ARTICLE 8 - MAXIMUM AMOUNT OF PAYROLL DEDUCTIONS.

         An employee may authorize payroll deductions in an amount (expressed as
a percentage) not less than one percent (1%) but not more than ten percent (10%)
of the employee's total compensation, including base pay or salary and any
bonuses or commissions.

ARTICLE 9 - CHANGE IN PAYROLL DEDUCTIONS.

         Deductions may not be increased or decreased during a Payment Period.
However, an employee may withdraw in full from the Plan.

ARTICLE 10 - WITHDRAWAL FROM THE PLAN.

         An employee may withdraw from the Plan in whole but not in part, at any
time prior to the last business day of each Payment Period by delivering, a
withdrawal notice to the Company, in which event the Company will promptly
refund the entire balance of the employee's deductions not previously used to
purchase stock under the Plan.
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         To re-enter the Plan, an employee who has previously withdrawn must
file a new authorization at least ten (10) days before the beginning date of the
next Payment Period. The employee's re-entry into the Plan cannot, however,
become effective before the beginning of the next Payment Period following
his/her withdrawal.

ARTICLE 11 - ISSUANCE OF STOCK.

         Certificates for stock issued to participants will be delivered as soon
as practicable after each Payment Period by the Company's transfer agent.

         Stock purchased under the Plan will be issued only in the name of the
employee, or if his/her authorization so specifies, in the name of the employee
and another person of legal age as joint tenants with rights of survivorship.

ARTICLE 12 - ADJUSTMENTS.

         Upon the happening of any of the following described events, an
optionee's rights under options granted under the Plan shall be adjusted as
hereinafter provided:

                  A.       In the event shares of Common Stock of the Company
         shall be subdivided or combined into a greater or smaller number of
         shares or if, upon a reorganization, split-up, liquidation,
         recapitalization or the like of the Company, the shares of the
         Company's Common Stock shall be exchanged for other securities of the
         Company, each optionee shall be entitled, subject to the conditions
         herein stated, to purchase such number of shares of Common Stock or
         amount of other securities of the Company as were exchangeable for the
         number of shares of Common Stock of the Company which such optionee
         would have been entitled to purchase except for such action, and
         appropriate adjustments shall be made in the purchase price per share
         to reflect such subdivision, combination or exchange; and

                  B.       In the event the Company shall issue any of its
         shares as a stock dividend upon or with respect to the shares of stock
         of the class which shall at the time be subject to option hereunder,
         each optionee upon exercising such an option shall be entitled to
         receive (for the purchase price paid upon such exercise) the shares as
         to which he/she is exercising his/her option and, in addition thereto
         (at no additional cost), such number of shares of the class or classes
         in which such stock dividend or dividends were declared or paid, and
         such amount of cash in lieu of fractional shares, as is equal to the
         number of shares thereof and the amount of cash in lieu of fractional
         shares, respectively, which he/she would have received if he/she had
         been the holder of the shares as to which he/she is exercising his/her
         option at all times between the date of the granting of such option and
         the date of its exercise.

         Upon the happening of any of the foregoing events, the class and
aggregate number of shares set forth in Article 4 hereof which are subject to
options which have been. or may be granted under the Plan and the limitations
set forth in the second paragraph of Article 5 shall also be appropriately
adjusted to reflect the events specified in paragraphs A and B above.
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Notwithstanding the foregoing, any adjustments made pursuant to paragraphs A or
B shall be made only to the extent that the Committee, based on advice of
counsel for the Company, determines that such adjustments will not constitute a
change requiring stockholder approval under Section 423(b)(2) of the Code.

         If the Company is to be consolidated with or acquired by another entity
in a merger, a sale of all or substantially all of the Company's assets or
otherwise (an "Acquisition"), the Committee shall, with respect to options then
outstanding under this Plan, either (i) make appropriate provision for the
continuation of such options by arranging for the substitution on an equitable
basis for the shares then subject to such options the consideration payable with
respect to the outstanding shares of the Company's Common Stock in connection
with the Acquisition; or (ii) terminate all outstanding options in exchange for
a cash payment equal to the excess of the fair market value of the shares
subject to the options (determined as of the date of the Acquisition) over the
Option Price thereof (determined with reference only to the first business day
of the applicable Payment Period).

         The Committee or Board of Directors shall determine the adjustments to
be made under this Article 12, and its determination shall be conclusive.

ARTICLE 13 - NO TRANSFER OR ASSIGNMENT OF EMPLOYEE'S RIGHTS.

         An employee's rights under the Plan are the employee's alone and may
not be transferred or assigned to, or availed of by, any other person other than
by will or the laws of descent and distribution. Any option granted under the
Plan to an employee may be exercised, during the employee's lifetime, only by
the employee.

ARTICLE 14 - TERMINATION OF EMPLOYEE'S RIGHTS,

         An employee's rights under the Plan will terminate when he/she ceases
to be an employee because of retirement, voluntary or involuntary termination,
resignation, lay-off, discharge, death, charge of status or for any other
reason, except that if an employee is on a leave of absence from work during the
last three months of any Payment Period, he/she shall be deemed to be a
participant in the Plan on the last day of that Payment Period. A withdrawal
notice will be considered as having been received from the employee on the day
his/her employment ceases, and all payroll deductions not used to purchase stock
will be refunded.

         If an employee's payroll deductions are interrupted by any legal
process, a withdrawal notice will be considered as having been received from the
employee on the day the interruption occurs.

ARTICLE 15 - TERMINATION AND AMENDMENTS TO PLAN.

         Unless terminated sooner as provided below, the Plan shall terminate on
March 2, 2002. The Plan may be terminated at any time by the Company's Board of
Directors but such termination shall not affect options then outstanding under
the Plan. It will terminate in any case when all or substantially all of the
unissued shares of stock reserved for the purposes of the Plan

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have been purchased. If at any time shares of stock reserved for the purpose of
the Plan remain available for purchase but not in sufficient number to satisfy
all then unfilled purchase requirements, the available shares shall be
apportioned among participants in proportion to their options and the Plan shall
terminate. Upon such termination or any other termination of the Plan, all
payroll deductions not used to purchase stock will be refunded.

         The Committee or the Board of Directors may from time to time adopt
amendments to the Plan provided that, without the approval of the stockholders
of the Company, no amendment may (i) materially increase the number of shares
that may be issued under the Plan or change the class of employees eligible to
receive options under the Plan or (ii) cause Rule 16b-3 under the Securities and
Exchange Act of 1934 to become inapplicable to the Plan.

ARTICLE 16 - LIMITS ON SALE OF STOCK PURCHASED UNDER THE PLAN.

         The Plan is intended to provide shares of Common Stock for investment
and not for resale. The Company does not, however, intend to restrict or
influence any employee in the conduct of his/her own affairs. An employee may,
therefore, sell stock purchased under the Plan at any time the employee chooses,
subject to compliance with any applicable Federal or state securities laws;
provided, however, that because of certain Federal tax requirements, each
employee agrees by entering the Plan, promptly to give the Company notice of any
such stock disposed-of within two years after the date of grant of the
applicable option showing the number of such shares disposed of. THE EMPLOYEE
ASSUMES THE RISK OF ANY MARKET FLUCTUATIONS IN THE PRICE OF THE STOCK.

ARTICLE 17 - PARTICIPATING SUBSIDIARIES.

         The term "participating subsidiary" shall mean any subsidiary of the
Company, as that term is defined in Section 424(f) of the Code, which is
designated from time to time by the Board of Directors to participate in the
Plan. The Board of Directors shall have the power to make such designation
before or after the Plan is approved by the stockholders.

ARTICLE 18 - OPTIONEES NOT STOCKHOLDERS.

         Neither the granting of an option to an employee nor the deductions
from his/her pay shall constitute such, employee a stockholder of the shares
covered by an option until such shares have been actually purchased by the
employee.

ARTICLE 19 - APPLICATION OF FUNDS.

         The proceeds received by the Company from the sale of Common Stock
pursuant to options granted under the Plan will be used for general corporate
purposes.

ARTICLE 20 - GOVERNMENTAL REGULATIONS.

         The Company's obligation to sell and deliver shares of the Company's
Common Stock under this Plan is subject to the approval of any governmental
authority required in connection

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with the authorization, issuance or sale of such shares, including the
Securities and Exchange Commission and the Internal Revenue Service.

ARTICLE 21 - APPROVAL OF BOARD OF DIRECTORS AND STOCKHOLDERS OF THE COMPANY.

         The Plan was adopted by the Board of Directors and the stockholders of
the Company on March 2, 1992.<PAGE>
                                  EXHIBIT 10.6

                   Form of Indemnity Agreement with Directors

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                               INDEMNITY AGREEMENT

               This Indemnity Agreement, dated as of May 4, 1990,
                   by and between Matritech, Inc., a Delaware
              corporation (the "Company"), and ________, a director
                       of the Company (the "Indemnitee").

                                    RECITALS

         A.       The Company is aware that competent and experienced persons
are increasingly reluctant to serve as directors or officers of corporations
unless they are protected by comprehensive liability insurance or
indemnification, due to increased exposure to litigation costs and risks
resulting from their service to such corporations, and due to the fact that the
exposure frequently bears no reasonable relationship to the compensation of such
directors and officers;

         B.       The statutes and judicial decisions regarding the duties of
directors and officers are often difficult to apply, ambiguous, or conflicting,
and therefore fail to provide such directors and officers with adequate,
reliable knowledge or legal risks to which they are exposed or information
regarding the proper course of action to take;

         C.       Plaintiffs often seek damages in such large amounts and the
costs of litigation may be so enormous (whether or not the case is meritorious),
that the defense/and or settlement of such litigation is often beyond the
personal resources of officers and directors;

         D.       The Company believes that it is unfair for its directors and
officers and the directors and officers of its subsidiaries to assume the risk
of huge judgments and other expenses which may occur in cases in which the
director or officer received no personal profit and in cases where the director
or officer was not culpable;

         E.       Based upon their experience as business managers, the Board of
Directors of the Company (the "Board") has concluded that, to retain and attract
talented and experienced individuals to serve as officers and directors of the
Company and its subsidiaries and to encourage such individuals to take the
business risks necessary for the success of the Company and its subsidiaries, it
is necessary for the Company to contractually indemnify its officers and
directors and the officers and directors of its subsidiaries, and to assume for
itself maximum liability for expenses and damages in connection with claims
against such officers and directors in connection with their service to the
Company and its subsidiaries, and has further concluded that the failure to
provide such contractual indemnification could result in great harm to the
Company and its subsidiaries and the Company and its subsidiaries and the
Company's shareholders;

         F.       Section 145 of the General Corporation Law of Delaware, under
which the Company is organized ("Section 145"), empowers the Company to
indemnify its officers, directors,

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employees and agents by agreement and to indemnify persons who serve, at the
request of the Company, as the directors, officers, employees or agents of other
corporations or enterprises, and expressly provides that the indemnification
provided by Section 145 is not exclusive;

         G.       The Company, after reasonable investigation prior to the date
hereof, has determined that the liability insurance coverage available to the
Company and its subsidiaries as of the date hereof in inadequate and/or
unreasonably expensive. The Company believes, therefore, that the interests of
the Company's shareholders would best be served by a combination of such
insurance as the Company may obtain pursuant to the Company's obligations
hereunder and the indemnification by the Company of the directors and officers
of the Company and its subsidiaries;

         H.       The Company desires and has requested the Indemnitee to serve
or continue to serve as a director or officer of the Company and/or one more
subsidiaries of the Company free from undue concern for claims for damages
arising out of or related to such services to the Company and/or one or more
subsidiaries of the Company; and

         I.       The Indemnitee is willing to serve, or to continue to serve,
the Company and/or one or more subsidiaries of the Company, provided that he is
furnished the indemnity provided for herein.

                                    AGREEMENT

         NOW, THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:

         1.       DEFINITIONS.

                  (a) AGENT. For the purposes of this Agreement, "Agent" of the
Company means any person who is or was a director, officer, employee or other
agent of the Company or a subsidiary of the Company; or is or was serving at the
request of, for the convenience of, or to represent the interests of the Company
or a Subsidiary of the Company as a director, officer, employee or agent of
another foreign or domestic corporation, partnership, joint venture, trust or
other enterprise; or was a director, officer, employee or agent for a foreign or
domestic corporation which was a predecessor corporation of the Company or a
Subsidiary of the Company, or was a director, officer, employee or agent of
another enterprise at the request of such predecessor corporation. The use of
the term "Agent" shall not be construed to alter the legal relationship between
an Agent, as defined herein, and the Company.

                  (b) EXPENSES. For purposes of this Agreement, "Expenses"
includes all direct and indirect costs of any type or nature whatsoever
(including, without limitation, all attorneys' fees and related disbursements
and other out-of-pocket costs) actually and reasonably incurred by the
Indemnitee in connection with either the investigation, defense or appeal of a
Proceeding or establishing or enforcing a right to indemnification under this
Agreement, Section 145 or otherwise; provided, however, that unless otherwise
expressly provided below, expenses shall

<PAGE>
not include any judgments, fines, ERISA excise taxes or penalties or amounts
paid in settlement of a proceeding.

                  (c) PROCEEDING. For the purposes of this Agreement,
"Proceeding" means any threatened, pending, or completed action, suit or other
proceeding, whether civil, criminal, administrative, investigative or any other
type whatsoever.

                  (d) SUBSIDIARY. For purposes of this Agreement, "Subsidiary"
means any corporation of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company, by the Company and
one or more other Subsidiaries, or by one or more other Subsidiaries.

         2.       AGREEMENT TO SERVE. The Indemnitee agrees to serve and/or
continue to serve as an Agent of the Company, at its will (or under separate
agreement, if such agreement exists), in the capacity Indemnitee currently
serves as an Agent of the Company, so long as he is duly appointed or elected
and qualified in accordance with the applicable provisions of the Certificate of
Incorporation and By-Laws of the Company or any Subsidiary of the Company or
until such time as he tenders his resignation in writing, provided, however,
that nothing contained in this Agreement is intended to create any right to
continued service by Indemnitee.

         3.       MAINTENANCE OF LIABILITY INSURANCE.

                  (a) The Company hereby covenants and agrees that, so long as
the Indemnitee shall continue to serve as an Agent of the Company and thereafter
so long as the Indemnitee shall be subject to any possible proceeding by reason
of the fact that the Indemnitee was an Agent of the Company, subject to Section
7, the Company shall promptly obtain and maintain in full force and effect
directors' and officers' liability insurance ("D&O Insurance") in reasonable
amounts from established and reputable insurers.

                  (b) In all policies of D&O Insurance, the Indemnitee shall be
named as an insured in such a manner as to provide the Indemnitee the same
rights and benefits as are accorded to the most favorably insured of the
Company's directors, if the Indemnitee is a director; or of the Company's
officers, if the Indemnitee is not a director of the Company but is an officer;
or of the Company's key employees, if the Indemnitee is not an officer or
director but is a key employee.

                  (c) Notwithstanding the foregoing, the Company shall have no
obligation to obtain or maintain D&O Insurance if the Company determines in good
faith that such insurance is not reasonably available, the premium costs for
such insurance are disproportionate to the amount of coverage provided, the
coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit, or the Indemnitee is covered by similar insurance
maintained by a subsidiary of the Company.

         4.       MANDATORY INDEMNIFICATION. The Company shall indemnify the
Indemnitee:

                  (a) ACTIONS OTHER THAN BY OR IN THE RIGHT OF THE COMPANY. If
the Indemnitee is a person who was or is a party or is threatened to be made a
party to any threatened, pending or
<PAGE>
completed Proceeding (other than an action by or in the right of the Company) by
reason of the fact that he is or was an Agent of the Company against Expenses,
any liability (including without limitation judgments, fines, ERISA excise taxes
and penalties, and amounts paid in settlement) actually and reasonably incurred
by him in connection with such Proceeding if he acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best interests of
the Company, and, with respect to any criminal Proceedings, had no reasonable
cause to believe his conduct was unlawful. The termination of any Proceeding by
judgment, order, settlement, conviction, or upon a plea of NOLO CONTENDERE or
its equivalent, shall not, of itself, create a presumption that the Indemnitee
did not act in good faith and in a manner which he reasonably believed to be in
or not opposed to the best interests of the Company, and, with respect to any
criminal action or proceeding, had reasonable cause to believe that his conduct
was unlawful.

                  (b) ACTIONS BY OR IN THE RIGHT OF THE COMPANY. If the
Indemnitee is a person who was or is a party or is threatened to be made a party
to any Proceeding by or in the right of the Company to procure a judgment in its
favor by reason of the fact that he is or was an Agent of the Company or by
reason of any action done or not done by him in any such capacity, against
Expenses actually and reasonably incurred by him in connection with the
investigation, defense, settlement or appeal of such Proceeding if he acted in
good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Company and except that no indemnification shall be made
in respect of any claim, issue or matter as to which such person shall have been
finally adjudged to be liable due to his willful failure to act in good faith or
in a manner which he reasonably believed to be in, or not opposed to the best
interests of the Company, unless and only to the extent that the Court of
Chancery of the State of Delaware or the court in which such action or suit was
brought shall determine upon application that, despite the adjudication of
liability for such reason(s), but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such expenses
which the Court of Chancery of the State of Delaware or such other court shall
deem proper.

                  (c) Notwithstanding the foregoing, the Company shall not be
obligated to indemnify the Indemnitee pursuant to this Agreement:

                           (i) on account of any claim against Indemnitee for an
accounting of profits made from the purchase or sale by Indemnitee of securities
of the Company pursuant to the provisions of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or similar provisions of any federal, state or
local statute or regulation;

                           (ii) for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes
or penalties, and amounts paid in settlement) which have been paid directly to
Indemnitee by D&O Insurance; or

                           (iii) if indemnification is not lawful.

         5.       SUCCESS ON THE MERITS. To the extent that any Indemnitee
described in Section 4 of this Agreement has been successful on the merits or
otherwise in defense of any Proceeding referred to in said Section 4, or in
defense of any claim, issue or matter therein, he shall be indemnified against
Expenses actually and reasonably incurred by him in connection therewith.
<PAGE>
         6.       ADVANCE PAYMENT. Expenses incurred in defending a Proceeding
may be paid by the Company in advance of the final disposition of such
Proceeding upon receipt of an undertaking by or on behalf of any Indemnitee to
repay such amount if it shall ultimately be determined that he is not entitled
to indemnification by the Company as authorized in this Agreement.

         7.       NON-EXCLUSIVITY. The indemnification and advancement of
expenses provided by, or granted pursuant to, the other Sections of this
Agreement shall not be deemed exclusive of any other rights to which those
provided indemnification or advancement of expenses may be entitled under any
by-law, vote of stockholders or disinterested directors or otherwise, both as to
action in his official capacity and as to action in another capacity while
holding such office.

         8.       CONTINUATION OF INDEMNIFICATION AND ADVANCEMENT OF EXPENSES.
The indemnification and advancement of expenses provided by, or granted pursuant
to, this Agreement shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of the
heirs, executors and administrators of such a person.

         9.       PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under
any provision of this Agreement to indemnification by the Company for some or a
portion of any Expenses or liabilities of any type whatsoever (including, but
not limited to, judgments, fines, ERISA excise taxes or penalties, and amounts
paid in settlement) incurred by him in the investigation, defense, settlement or
appeal of a proceeding but not entitled, however, to indemnification for all of
the total amount thereof, the Company shall nevertheless indemnify the
Indemnitee for such total amount except as to the portion thereof to which the
Indemnitee is not entitled under this Agreement or applicable law.

         10.      NOTICE AND OTHER INDEMNIFICATION PROCEDURES.

                  (a) Promptly after receipt by the Indemnitee of notice of the
commencement of or the threat of commencement of any proceeding, the Indemnitee
shall, if the Indemnitee believes that indemnification with respect thereto may
be sought from the Company under this Agreement, notify the Company of the
commencement or threat of commencement thereof.

                  (b) If, at the time of the receipt of a notice of the
commencement of a proceeding pursuant to Section 9(a) hereof, the Company has
D&O Insurance in effect, the Company shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf
of the Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policies.

                  (c) In the event the Company shall be obligated to pay the
Expenses of any Proceeding against the Indemnitee, the Company shall be entitled
to assume the defense of such Proceeding, with counsel approved by the
Indemnitee, upon the delivery to the Indemnitee of written notice of its
election so to do. After delivery of such notice, approval of such counsel by
the Indemnitee and the retention of such counsel by the Company, the Company
will not be liable to the Indemnitee under this Agreement for any fees of
counsel subsequently incurred by

<PAGE>

the Indemnitee with respect to the same proceeding, provided that (i) the
Indemnitee shall have the right to employ his counsel in any such proceeding at
the Indemnitee's expense; and (ii) if (A) the employment of counsel by the
Indemnitee has been previously authorized by the Company, (B) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between
the Company and the Indemnitee in the conduct of any such defense or (C) the
Company shall not, in fact, have employed counsel to assume the defense of such
proceeding, the fees and expenses of Indemnitee's counsel shall be at the
expense of the Company.

         11.      DETERMINATION OF RIGHT TO INDEMNIFICATION.

                  (a) Any indemnification under Section 4 of this Agreement
(unless ordered by a court) shall be made by the Company only as authorized in
the specific case unless a determination shall be made that indemnification of
the Indemnitee is not proper in the circumstances because he has not met the
applicable standard of conduct set forth in said Section 4.

                  (b) The Indemnitee shall be entitled to select the forum in
which the validity of the Company's claim that he is not entitled to
indemnification will be heard from among the following, which forums shall
determine that the Indemnitee is entitled to such indemnification unless the
Company shall prove by clear and convincing evidence that: (i) the Indemnitee
has not met the applicable standard of conduct required to entitle the
Indemnitee to such Indemnification or that Indemnification is otherwise not
required pursuant to Section 11 hereof, and (ii) the requirements of Section 5
have not been met:

                       (1) A majority vote of a quorum of the Company's Board of
Directors consisting of directors who are not parties to the Proceeding for
which indemnification is being sought;

                       (2) By independent legal counsel in a written opinion;

                       (3) The stockholders of the Company; or

                       (4) A panel of three arbritators, one of whom is selected
by the Company, another of whom is selected by the Indemnitee and the last of
whom is selected by the first two arbitrators so selected.

                  (c) As soon as practicable, and in no event later than 30 days
after written notice of the Indemnitee's choice of forum pursuant to Section
10(b) above, the Company shall, at its own expense, submit to the selected forum
in such manner as the Indemnitee or the Indemnitee's counsel may reasonably
request, any claim that the Indemnitee is not entitled to indemnification, and
the Company shall act in the utmost good faith to assure the Indemnitee a
complete opportunity to defend against such claim.

                  (d) Notwithstanding a determination by any forum listed in
Section 10(b) hereof that Indemnitee is not entitled to indemnification with
respect to a specific proceeding, the Indemnitee shall have the right to apply
to the Court of Chancery of Delaware, the court in which that proceeding is or
was pending, or any other court of competent jurisdiction, for the purpose

<PAGE>
of enforcing the Indemnitee's right to indemnification pursuant to this
Agreement. Such court shall find that the Indemnitee is entitled to
indemnification unless the Company shall prove by clear and convincing evidence
that (i) the Indemnitee has not met the applicable standard of conduct required
to entitle the Indemnitee to such indemnification or that indemnification is
otherwise not required pursuant to Section 11 hereof, and (ii) the requirements
of Section 10(a) have not been met.

                  (e) Notwithstanding any other provision in this Agreement to
the contrary, the Company shall indemnify the Indemnitee against all expenses
incurred by the Indemnitee in connection with any hearing or proceeding under
this Section 11 involving the Indemnitee and against all expenses incurred by
the Indemnitee in connection with any other proceeding between the Company and
the Indemnitee involving the interpretation or enforcement of the rights of the
Indemnitee under this Agreement unless a court of competent jurisdiction finds
that each of the claims and/or defenses of the Indemnitee in any such proceeding
was frivolous or made in bad faith.

         12.      EXCEPTIONS. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement:

                  (a) CLAIMS INITIATED BY INDEMNITEE. To indemnify or advance
expenses to the Indemnitee with respect to proceedings or claims initiated or
brought voluntarily by the Indemnitee and not by way of defense, except with
respect to proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise as
required under Section 145, but such indemnification or advancement of expenses
may be provided by the Company in specific cases if a majority of the
disinterested members of the Board of Directors finds it to be appropriate; or

                  (b) ADVERSE JUDGMENT REGARDING THIS AGREEMENT. To indemnify
the Indemnitee for any expenses incurred by the Indemnitee with respect to any
proceeding instituted by the Indemnitee to enforce or interpret this Agreement,
if a court of competent jurisdiction finds that the Indemnitee is not entitled
to indemnification pursuant to this Agreement; or

                  (c) UNAUTHORIZED SETTLEMENTS. To indemnify the Indemnitee
under this Agreement for any amounts paid in settlement of a proceeding unless
the Company consents to such settlement, which consent shall not be unreasonably
withheld.

         13.      NON-EXCLUSIVITY. The provisions for indemnification and
advancement of expenses set forth in this Agreement shall not be deemed
exclusive of any other rights which the Indemnitee may have under any provision
of law, the Company's Certificate of Incorporation or By-Laws, the vote of the
Company's shareholders or disinterested directors, other agreements, or
otherwise, both as to action in his official capacity and to action in another
capacity while occupying his position as an agent of the Company, and the
Indemnitee's rights hereunder shall continue after the Indemnitee has ceased
acting as an agent of the Company and shall inure to the benefit of the heirs,
executors and administrators of the Indemnitee.
<PAGE>
         14.      INTERPRETATION OF AGREEMENT. It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to the Indemnitee to the fullest extent now or hereafter
permitted by law, including those circumstances set forth in this Agreement in
which indemnification would otherwise be discretionary.

         15.      SEVERABILITY. If any provision or provisions of this Agreement
shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
(i) the validity, legality and enforceability of the remaining provisions of the
Agreement (including without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby, and (ii) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, all
portions of any paragraph of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that are not themselves invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent
manifested by the provision held invalid, illegal or unenforceable and to give
effect to Section 14 hereof.

         16.      MODIFICATION AND WAIVER. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

         17.      SUCCESSORS AND ASSIGNS. The terms of this Agreement shall
bind, and shall inure to the benefit of, the successors and assigns of the
parties hereto.

         18.      NOTICE. All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed duly
given (i) if delivered by hand and receipted for by the party addressee or (ii)
if mailed by certified or registered mail with postage prepaid, on the third
business day after the mailing date. Addresses for notice to either party are as
shown on the signature page of this Agreement, or as subsequently modified by
written notice.

         19.      GOVERNING LAW. This Agreement shall be governed by and
construed according to the internal laws of the State of Delaware, as applied to
contracts between Delaware residents entered into and to be performed entirely
within Delaware.

         20.      CONSENT TO JURISDICTION. The Company and the Indemnitee each
hereby irrevocably consent to the jurisdiction of the courts of the State of
Delaware for all purposes in connection with any action or proceeding which
arises out of or relates to this Agreement and, unless waived by both parties in
writing, agree that any action instituted under this Agreement shall be brought
only in the state courts of the State of Delaware.

             [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]

<PAGE>

      The parties hereto have entered into this Indemnity Agreement effective as
of the date first above written.

                                           THE COMPANY:

                                           Matritech, Inc.
                                           763 Concord Ave.
                                           Cambridge, MA 02138

                                           By: _______________________________

                                           INDEMNITEE:

                                           ____________________________________

                                           Address:
                                           ____________________________________

                                           ____________________________________

                                           ____________________________________

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