Document:

Exhibit 10.16

                        MASTER EQUIPMENT LEASE AGREEMENT

NO. 7667                                                     DATED June 10, 1999

   Lessor:                                    Lessee:
   OXFORD VENTURE FINANCE, LLC                GENAISSANCE PHARMACEUTICALS, INC.
   a Virginia limited liability corporation   a Delaware corporation

   Address:                                   Address:
         133 NORTH FAIRFAX STREET                   FIVE SCIENCE PARK
         ALEXANDRIA, VIRGINIA 22314                 NEW HAVEN, CT 06511

            Subject to the terms and conditions set forth herein and in any
Lease Schedule, Lessor agrees to lease to Lessee, and Lessee agrees to lease
from Lessor each item of Equipment specified on a Lease Schedule and Lessee
grants to Lessor the following rights:

            1. DEFINITIONS. To the extent not otherwise specifically defined in
this Agreement, unless the context otherwise requires, all other terms contained
in this Agreement shall have the meanings assigned or referred to them in the
UCC. The following terms shall have the following meanings:

            "Acceptance Certificate" with respect to each item of Equipment
shall mean a certificate in the form satisfactory to Lessor, executed by Lessee
to evidence acceptance by Lessee of the Equipment to which such certificate
relates.

            "Acceptance Date" with respect to each item of Equipment shall have
the meaning assigned to such term in Section 3 of this Agreement.

            "Affiliate" shall mean, with respect to any person, firm or entity,
any other person, firm or entity controlling, controlled by, or under common
control with such person, firm or entity; for the purposes hereof "control"
shall mean the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of any such person, firm or
entity, whether through the legal or beneficial ownership of voting securities,
by contract or otherwise.

            "Agreement" shall mean this Master Equipment Lease Agreement, as
amended or modified from time to time.

            "Attorneys' Fees and Expenses" shall mean all reasonable attorneys'
fees and legal costs and expenses (including, without limitation, those fees,
costs and expenses incurred in connection with bankruptcy proceedings, including
Relief from Stay Motions, Cash Collateral Motions and disputes concerning any
proposed disclosure statement and/or bankruptcy plan).

            "Collateral" shall mean all Equipment and any licenses, trademarks
or other tangible or intangible property ancillary to the Equipment and all
products, proceeds, rents and profits therefrom or thereof, including proceeds
in the form of goods, accounts, chattel paper, documents, instruments and
insurance proceeds.

            "Default" shall have the meaning ascribed to such term in Section 10
of this Agreement.

            "Equipment" shall mean one or more items or units of personal
property, leased by Lessor to Lessee hereunder, as described in each Lease
Schedule wherever the same may be located, including all present and future
additions, attachments, accessions and accessories thereto and all replacements,
substitutions and a right to use license for any software related to any of the
foregoing and proceeds thereof, including all proceeds of insurance thereon.

            "Event of Default" shall have the meaning ascribed to such term in
Section 10 of this Agreement.

            "Lease" shall mean the applicable Lease Schedule incorporating the
terms and conditions of this Agreement, including all exhibits, addenda,
schedules, certificates, riders and all other documents and instruments executed
and delivered in connection with the applicable Lease Schedule or this Master
Equipment Lease Agreement.

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            "Lease Schedule" shall mean each Lease Schedule, which incorporates
by reference the terms and conditions of this Agreement and describes one or
more items of Equipment and specific terms and conditions with respect thereto.

            "Lease Term" with respect to each item of Equipment shall have the
meaning assigned to such term in the Lease Schedule applicable to such item of
Equipment.

            "Lease Term Commencement Date" with respect to each item of
Equipment shall have the meaning assigned to such term in the Lease Schedule
applicable to such item of Equipment.

            "Obligations" shall mean all liabilities, absolute or contingent,
joint, several or independent, of Lessee or any Affiliate of Lessee now or
hereafter existing, due or to become due to, or held or to be held by, Lessor
for its own account or as agent for another or others, whether created directly
or acquired by assignment or otherwise and howsoever evidenced, including,
without limitation, the Lease, and all rent, taxes, fees, charges, expenses and
Attorneys' Fees and Expenses chargeable to Lessee or incurred by Lessor under
the Lease, or any other document or instrument delivered in connection herewith.

            "Person" shall mean any individual, partnership, joint venture,
firm, corporation, association, trust, or other enterprise or any government or
political subdivision or any agency, department or instrumentality thereof.

            "Rental Payment" with respect to each item of Equipment shall have
the meaning assigned to such term in the Lease Schedule applicable to such item
of Equipment.

            "Rental Payment Date" with respect to each item of Equipment shall
have the meaning assigned to such term in the Lease Schedule applicable to such
item of Equipment.

            "Security Deposit" with respect to each item of Equipment shall have
the meaning assigned to such term in the Lease Schedule applicable to such item
of Equipment.

            "UCC" shall mean the Uniform Commercial Code as enacted in the State
of Connecticut.

            2. INDEPENDENT LEASE; CROSS-COLLATERALIZATION; SECURITY INTEREST.
Each Lease Schedule shall constitute a separate, distinct and independent Lease
of Equipment and contractual obligation of Lessee. As security for the due and
punctual payment of any and all of the present and future Obligations of Lessee
to Lessor, and without prejudice to Lessor's ownership interest in the
Collateral, Lessee hereby (i) grants to Lessor with respect to each Lease and
for the full amount of all Obligations, a security interest in all of the
Collateral and all collateral securing any other lease or security agreement
between Lessee and Lessor, whether now in existence or hereafter entered into
and (ii) assigns to Lessor all of its rights, title and interest in surplus
money to which Lessee may be entitled upon the sale of all such Collateral. The
extent to which Lessor shall have a purchase money security interest in any item
of Collateral under a Lease which is deemed to create a security interest under
the UCC shall be determined by reference to the Acquisition Cost of such item
financed by Lessor and the aggregate amount of all Obligations under the Lease.

            3. ACCEPTANCE OF EQUIPMENT. The Equipment is to be delivered and
installed at the location specified or referred to in the applicable Lease
Schedule. The Equipment shall be deemed to have been accepted by Lessee for all
purposes under this Lease upon Lessee's execution of an Acceptance Certificate
with respect to such Equipment (the "Acceptance Date"). Lessor shall not be
liable or responsible for any failure or delay in the delivery of the Equipment
to Lessee for whatever reason.

            4. TERM AND RENT; NON-CANCELABLE; LATE CHARGES. The Lease Term for
any Lease shall be as specified in the applicable Lease Schedule. Upon Lessee's
acceptance of Equipment under a Lease, the Lease shall be noncancelable. The
obligations of Lessee to pay rent and all other amounts when due and to perform
as required under the Lease are unconditional and irrevocable and are not
subject to cancellation, termination, prepayment, modification, repudiation,
revocation or excuse. The Lease is a net Lease. Lessee shall not be entitled to
any abatement, reduction, offset or counterclaim with respect to its obligations
under the Lease for any reason whatsoever, whether arising out of claims against
the Lessor, the manufacturer or supplier, defect in, lack of fitness for use,
loss of possession or use of or damage or destruction of the Equipment or
otherwise. Rental Payments shall be in the amounts and shall be due and payable
as set forth in the applicable

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Lease Schedule. Lessee shall, in addition, pay interim rent to Lessor on a
pro-rata, per-diem basis from the Acceptance Date to the Lease Term Commencement
Date set forth in the applicable Lease Schedule, payable on such Lease Term
Commencement Date. If any rent or other amount payable hereunder shall not be
paid within 5 days of the date when due, Lessee shall pay as an administrative
and late charge an amount equal to 5% of the amount of any such overdue payment.
In addition, Lessee shall pay overdue interest on any delinquent payment or
other amounts due under the Lease (by reason of acceleration or otherwise) from
the due date until paid at the rate of one and one-half percent (1.5%) per month
or the maximum amount permitted by applicable law, whichever is lower. All
payments to be made to Lessor shall be made to Lessor in immediately available
funds at the address shown above, or at such other place as Lessor shall specify
in writing.

            5. POSSESSION; PERSONAL PROPERTY. No right, title or interest in the
Equipment shall pass to Lessee other than the right to maintain possession and
use of the Equipment for the Lease Term (provided no Event of Default has
occurred) free from interference by any person claiming by, through, or under
Lessor. The Equipment shall always remain personal property even though the
Equipment may hereafter become attached or affixed to real property.

            6. REPRESENTATIONS, WARRANTIES AND COVENANTS. Lessee hereby
represents and warrants to and covenants with Lessor (provided that if Lessee is
an individual or sole proprietorship, the representations, warranties and
covenants relating to corporate status shall not apply) that, as of the date
hereof and for so long as any Obligations shall remain outstanding:

            (a) Lessee is duly organized and is existing in good standing under
the laws of its jurisdiction of organization and is duly qualified and in good
standing in those jurisdictions where the conduct of its business or the
ownership of its properties requires qualification;

            (b) Lessee has the power and authority to enter into and perform the
Lease and any other document or instrument delivered in connection herewith and
to incur the Obligations;

            (c) Lessee's chief executive office is located at the address set
forth above;

            (d) Lessee does not utilize, and has not in the last five years
utilized, any trade names in the conduct of its business except as set forth on
Schedule 1 hereto;

            (e) Lessee has not changed its name, been the surviving entity in a
merger, acquired any business; or changed the location of its chief executive
office within the previous five years, except as set forth on Schedule 2 hereto;

            (f) Neither the execution, delivery or performance by Lessee of the
Lease nor compliance by it with the terms and provisions hereof, nor the
consummation of the transactions contemplated herein, (i) will contravene any
applicable provision of any law, statute, rule or regulation, or any order,
writ, injunction or decree of any court or governmental instrumentality, (ii)
will conflict or be inconsistent with or result in any breach of any of the
terms, covenants, conditions or provisions of, or constitute a default under, or
result in any lien upon any property, pursuant to the terms of any indenture,
mortgage, deed of trust, loan agreement or any other material agreement or
instrument to which Lessee is a party or by which it or any of its property or
assets are bound or to which it may be subject or (iii) will violate any
provision of its Certificate of Incorporation or By-Laws, or other governance
documents.

            (g) The Lease and any document or instrument delivered in connection
herewith and the transactions contemplated hereby or thereby are duly
authorized, executed and delivered, and the Lease and such other documents and
instruments constitute valid and legally binding obligations of Lessee and are
enforceable against Lessee in accordance with their respective terms;

            (h) No order, consent, approval, license, authorization, or
validation of, or filing, recording or registration with, or exemption by any
governmental or public body or authority, or any subdivision thereof, is
required to authorize or required in connection with (i) the execution, delivery
and performance of the Lease or (ii) the legality, validity, binding effect or
enforceability of the Lease.

            (i) Lessee has filed all federal, state and local tax returns and
other reports it is required to file, has paid or made adequate provision for
payment of all such taxes, assessments and other governmental charges, shall pay
or deposit

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promptly when due all sales, use, excise, personal property, income,
withholding, corporate, franchise and other taxes, assessments and governmental
charges upon or relating to the manufacture, purchase, ownership, maintenance,
modification, delivery, installation, possession, condition, use, acceptance,
rejection, operation or return of the Equipment and, upon request by Lessor,
Lessee will submit to Lessor proof satisfactory to Lessor that such payments
and/or deposits have been made;

            (j) There are no pending or threatened actions or proceedings before
any court or administrative agency, an unfavorable resolution of which could
have a material adverse effect on Lessee's financial condition or operations;

            (k) No representation, warranty or statement by Lessee contained in
the Lease or in any certificate or other document furnished or to be furnished
by Lessee pursuant to the Lease contains or at the time of delivery shall
contain any untrue statement of material fact, or omits, or shall omit at the
time of delivery, to state a material fact necessary to make it not misleading;

            (l) All financial statements delivered and to be delivered by Lessee
to Lessor in connection with the execution and delivery of the Lease are true
and correct in all material respects and have been prepared in accordance with
generally accepted accounting principles, and at all times since the date of the
most recent financial statements, there has been no material change in Lessee's
financial affairs or business operations. Lessee shall furnish Lessor: (i)
within 120 days after the last day of each fiscal year of Lessee, a financial
statement including a balance sheet, income statement, statement of retained
earnings and statement of cash flows, each prepared in accordance with generally
accepted accounting principles consistently applied with a report signed by an
independent certified public accountant satisfactory to Lessor; (i) upon the
request of Lessor, within 45 days after the close of each quarter of each fiscal
year of Lessee, financial statements similar to those described in the
immediately preceding clause, prepared by Lessee and certified by the chief
financial officer of Lessee; (iii) promptly upon the request of Lessor, such tax
returns or financial statements regarding any guarantor of the Obligations or
any Affiliate of Lessee as Lessor may reasonably request from time to time; (iv)
promptly upon request of Lessor, in form satisfactory to Lessor, such other and
additional information as Lessor may reasonably request from time to time, and;
(v) promptly inform Lessor of any Defaults (defined below) or any events or
changes in the financial condition of Lessee occurring since the date of the
last financial statements of Lessee delivered to Lessor which, individually or
cumulatively, when viewed in light of prior financial statements, may result in
a material adverse change in the financial condition of Lessee;

            (m) Lessee shall permit Lessor, through its authorized attorneys,
accountants and representatives, to inspect and examine the Equipment and the
books, accounts, records, ledgers and assets of every kind and description of
Lessee with respect thereto at all reasonable times; provided, however, that the
failure of Lessor to inspect the Equipment or to inform Lessee of any
noncompliance shall not relieve Lessee of any of its Obligations hereunder; and;

            (n) The Equipment is personal property and not a fixture under the
law of the jurisdiction in which the Equipment is located even though the
Equipment may hereafter become attached or affixed to real property;

            (o) Each site where Equipment is located, if not owned by Lessee, is
leased by Lessee pursuant to a valid lease or rental agreement which permits the
possession, use and operation of the Equipment at such location;

            (p) Lessee shall provide Lessor with disclaimers and waivers from
landlords, mortgagees and other persons holding any interest or claim in and to
any premises where Equipment is located, acceptable in all respects to Lessor,
which may be necessary or advisable in the reasonable discretion of Lessor to
confirm that the rights of Lessor in the Equipment are and will remain valid and
superior against all other parties;

            (q) The Equipment is in the possession of Lessee at the location(s)
specified in the applicable Lease Schedule, and shall not be removed from such
location without the prior written consent of Lessor, which consent shall in any
event be conditioned upon Lessee having completed all notifications, filings,
recordings, and other actions in such new location as Lessor may require to
protect and perfect Lessor's interests in the Collateral;

            (r) Lessee shall not, without the prior written consent of Lessor,
sell, offer to sell, lease, rent, hire or in any other manner dispose, transfer
or surrender use and possession of any Equipment;

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            (s) Lessee will not, directly or indirectly, create, incur or permit
to exist any lien, encumbrance, mortgage, pledge, attachment or security
interest on or with respect to the Equipment other than in connection with the
execution and delivery of the Lease;

            (t) Lessee shall permit each item of Equipment to be used only
within the continental United States by qualified personnel solely for business
purposes and the purpose for which it was designed and, at its sole expense,
shall service, repair, overhaul and maintain each item of Equipment in the same
condition as when received, ordinary wear and tear excepted, in good operating
order, consistent with prudent industry practice (but, in no event less than the
same extent to which Lessee maintains other similar equipment in the prudent
management of its assets and properties) and in compliance with all applicable
laws, ordinances, regulations, and conditions of all insurance policies required
to be maintained by Lessee under the Lease and all manuals, orders,
recommendations, instructions and other written requirements as to the repair
and maintenance of such item of Equipment issued at any time by the vendor
and/or manufacturer thereof;

            (u) If any item of Equipment does not comply with the requirements
of the Lease, Lessee shall bring such Equipment into compliance with the
provisions hereof; and Lessee shall not use any Equipment, nor allow the same to
be used, for any unlawful purpose;

            (v) Lessee acknowledges that Lessor has not selected, manufactured
or supplied the Equipment to Lessee and has acquired any Equipment subject
hereto solely in connection with this Lease and Lessee has received and approved
the terms of any purchase order or agreement with respect to the Equipment; and

            (w) Lessee has all permits, licenses and other authorizations which
are required with respect to its business under Environmental Laws (as defined
below) and is in compliance with all terms and conditions of such permits,
licenses and other authorizations, including all limitations, restrictions,
standards, prohibitions, requirements, obligations, schedules and timetables.
The Lessee is not presently in violation of any Environmental Laws.
"Environmental Laws" shall mean any Federal, state or local law relating to
releases or threatened releases of Hazardous Substances; the manufacture,
handling, transport, use, treatment, storage or disposal of Hazardous Substances
or materials containing Hazardous Substances; or otherwise relating to pollution
of the environment or the protection of human health. "Hazardous Substances"
shall mean substances or materials which contain substances defined in or
regulated as toxic or hazardous materials, chemicals, substances, waste or
pollutants under any present or future Federal statutes and their state
counterparts, as well as any implementing regulations as amended from time to
time and as interpreted by administering agencies.

            7. DISCLAIMER OF WARRANTIES; LIMITATION OF REMEDY; LIMITATION OF
LIABILITY. Lessee has selected both the Equipment and the supplier (identified
in the Lease Schedule, herein ("Supplier") from whom at Lessee's request Lessor
agrees to purchase the Equipment. LESSEE ACKNOWLEDGES THAT LESSOR HAS NO SPECIAL
FAMILIARITY OR EXPERTISE WITH RESPECT TO THE EQUIPMENT. LESSEE AGREES THAT THE
EQUIPMENT LEASED UNDER THE LEASE IS LEASED "AS IS" AND IS OF A SIZE, DESIGN AND
CAPACITY SELECTED BY LESSEE AND THAT LESSEE IS SATISFIED THAT THE SAME IS
SUITABLE FOR LESSEE'S PURPOSES, AND THAT EXCEPT AS MAY OTHERWISE BE SPECIFICALLY
PROVIDED HEREIN OR IN THE LEASE SCHEDULE, LESSOR HAS MADE NO REPRESENTATION OR
WARRANTY AS TO ANY MATTER WHATSOEVER. LESSOR DISCLAIMS, AND LESSEE HEREBY
EXPRESSLY WAIVES AS TO LESSOR, ALL WARRANTIES WITH RESPECT TO THE EQUIPMENT
INCLUDING BUT NOT LIMITED TO ALL EXPRESS OR IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, QUALITY, CAPACITY, OR
WORKMANSHIP, ALL EXPRESS OR IMPLIED WARRANTIES AGAINST PATENT INFRINGEMENTS OR
DEFECTS, WHETHER HIDDEN OR APPARENT, AND ALL EXPRESS OR IMPLIED WARRANTIES WITH
RESPECT TO COMPLIANCE OF THE EQUIPMENT WITH THE REQUIREMENTS OF ANY LAW,
REGULATION, SPECIFICATION OR CONTRACT RELATIVE THERETO. IN NO EVENT SHALL LESSOR
BE LIABLE (INCLUDING WITHOUT LIMITATION, UNDER ANY THEORY IN TORTS) FOR ANY LOSS
OF USE, REVENUE, ANTICIPATED PROFITS OR SPECIAL, INDIRECT, INCIDENTAL OR
CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE LEASE OR THE USE,
PERFORMANCE OR MAINTENANCE OF THE EQUIPMENT. If the Equipment is not properly
installed, does not operate as represented or warranted by the Supplier,
manufacturer and/or service company or is unsatisfactory for any reason, Lessee
shall make any claim on account thereof solely against the Supplier,
manufacturer and/or service company and shall, nevertheless, pay Lessor all
amounts payable under the Lease and any such claims shall not act as a defense,
counterclaim, deduction, setoff or otherwise limit Lessee's Obligations under
the Lease. For the Lease Term, for so long as no Default (as hereinafter
defined) has occurred and is continuing, Lessor assigns to Lessee (to the extent
permitted by law) any

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right Lessor may have against the Supplier (under a "Supply Contract", as
defined in the Lease Schedule), manufacturer and/or service company to enforce,
at Lessee's expense (if any), any product warranties with respect to the
Equipment, provided however, Lessee shall indemnify and defend Lessor from and
against all claims, expenses, damages, losses and liabilities incurred or
suffered by Lessor in connection with any such action taken. TO THE EXTENT
PERMITTED BY LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES LESSEE
MAY HAVE UNDER ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE.

            8. RISK OF LOSS AND DAMAGE; INSURANCE. Lessee assumes all risk of
loss, damage or destruction to the Equipment from whatever cause and for
whatever reason. If all or a portion of an item of Equipment shall become lost
stolen, destroyed, damaged beyond repair or rendered permanently unfit for use
for any reason, or in the event of any condemnation, confiscation, theft or
seizure or requisition of title to or use of such item of Equipment, Lessee
shall immediately pay to Lessor, in addition to unpaid rent, late charges and
additional rent then past due, an amount equal to the remaining periodic
installments and all other sums due under the Lease, discounted to present value
at the rate of six percent (6%) per annum, less the net amount of the recovery,
if any, received by Lessor from insurance on the Equipment. During the Lease
Term and until the Equipment has been either (i) purchased by Lessee or
(ii) returned to, and accepted by, Lessor in the condition required by the Lease
Schedule, Lessee shall procure and maintain insurance in such amounts and with
such coverages, and upon such terms and with such companies, as Lessor may
approve, at Lessee's expense; provided, however, that in no event shall such
insurance be less than the following coverages and amounts: (a) Worker's
Compensation and Employer's Liability Insurance, in the full statutory amounts
provided by law; (b) Comprehensive General Liability Insurance including
product/completed operations and contractual liability coverage, with minimum
limits on a per occurrence basis, as reasonably required by Lessor, and Combined
Single Limit Bodily Injury and Property Damage on an aggregate basis as
reasonably required by Lessor, or, in either case, as otherwise specified in any
Lease Schedule hereto; and (c) All Risk Physical Damage Insurance, including
earthquake and flood, on each item of Equipment, in an amount equal to the
remaining periodic installments due under the Lease, discounted to present value
at the rate of six percent (6%) per annum; or its full replacement value. Lessor
will be included as an additional insured on each such Comprehensive General
Liability Insurance policy. On each such All Risk Physical Damage Insurance
policy Lessor shall be named as loss payee. Such policies shall be endorsed to
provide that the coverage afforded to Lessor shall not be rescinded, impaired or
invalidated by any act or neglect of Lessee. Lessee agrees to waive Lessee's
rights and its insurance carrier's rights of subrogation against Lessor for any
and all loss or damage. In addition to the foregoing minimum insurance coverage,
Lessee shall procure and maintain such other insurance coverage as Lessor may
reasonably require. All policies shall be endorsed or contain a clause requiring
the insurer to furnish Lessor with at least 30 days prior written notice of any
material change, cancellation or non-renewal of coverage. Upon execution of the
Lease, and thereafter, 30 days prior to the expiration of each insurance policy
required hereunder, Lessee shall furnish Lessor with a certificate of insurance
or other evidence satisfactory to Lessor that the insurance coverages required
under such policy are and will continue in effect, provided, however, that
Lessor shall be under no duty either to ascertain the existence of or to examine
such insurance coverage or to advise Lessee in the event such insurance coverage
should not comply with the requirements hereof. If Lessee shall at any time or
times hereafter fail to obtain and/or maintain any of the policies of insurance
required herein, or fail to pay any premium in whole or in part relating to any
such policies, Lessor may, but shall not be obligated to, obtain and/or cause to
be maintained insurance coverage with respect to the Equipment, including, at
Lessor's option, the coverage provided by all or any of the policies of Lessee
and pay all or any part of the premium therefor, without waiving any Event of
Default by Lessee, and any sums so disbursed by Lessor shall be additional
Obligations of Lessee to Lessor payable on demand. Lessor shall have the right
to settle and compromise any and all claims under any of the All Risk Physical
Damage policies required to be maintained by Lessee hereunder and Lessee hereby
appoints Lessor as its attorney-in--fact, with power to demand, receive and
receipt for all monies payable thereunder, to execute in the name of Lessee or
Lessor or both any proof of loss, notice, draft or other instruments in
connection with such policies or any loss thereunder and generally to do and
perform any and all acts as Lessee, but for this appointment, might or could
perform.

            9. TAXES AND OTHER CHARGES. Lessee agrees to comply with all laws,
regulations and governmental orders related to the Lease and to the manufacture,
purchase, ownership, maintenance, modification, delivery, installation,
possession, condition, use, acceptance, rejection, operation or return of the
Equipment and to pay when due, and to defend and indemnify and hold Lessor
harmless from and against any and all claims, losses, damages, penalties,
actions, suits and liabilities resulting from license fees, assessments, and
sales, use, property, excise, privilege and other taxes (including any related
interest or penalties) or other charges or fees now or hereafter imposed by any
governmental body or agency upon any Equipment, or with respect to the
manufacturing, ordering, shipment, purchase, ownership, delivery, installation,
leasing, operation, possession, use, return, or other disposition thereof or the
rentals hereunder (other than taxes on or measured solely by the net income of
Lessor). In no event shall Lessor have any obligation to advise, submit bills or
any advice or

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material to Lessee with respect to any tax on or relating to the Equipment or
its manufacturing, ordering, shipment, purchase, ownership, delivery,
installation, leasing, operation, possession, use, return, or other disposition
thereof or the rentals hereunder. If local law does not permit direct payment by
Lessee of any of the foregoing and/or if Lessor is required to file a report or
return, Lessee will timely advise Lessor as to its inability under local law to
make direct payment and the amount thereof and/or furnish Lessor with such
forms, data and information as will enable it to make and file such report or
return. Lessee shall promptly furnish to Lessor written evidence of Lessee's
payment of the foregoing when due, or, at Lessor's request, remit such payments
to Lessor. If any of the foregoing shall be paid by Lessor, Lessee shall
reimburse Lessor therefor promptly upon demand as additional rent hereunder.

            10. EVENTS OF DEFAULT. An "Event of Default" under the Lease shall
be deemed to have occurred upon the occurrence or existence of any one or more
of the following events or conditions (each a "Default") and after the giving of
any required notice or the passage of any required period of time (or both)
specified below with respect to such Default: (a) Lessee shall fail to make any
payment due in respect of any Lease within 5 days of its due date; or (b) Lessee
shall fail to obtain or maintain any of the insurance required under the Lease;
or (c) Lessee shall remove, sell, transfer, encumber, or part with possession of
any Equipment; or (d) Lessee shall fail to perform or observe any other
covenant, condition or agreement under the Lease, and such failure shall
continue for 20 days after notice thereof to Lessee; or (e) Lessee or any of its
Affiliates shall default in the payment or performance of any Obligation owing
to Lessor, and such default shall continue for 20 days after notice thereof to
Lessee; or (f) any representation or warranty made by Lessee herein or in any
certificate, agreement, statement or document heretofore or hereafter furnished
Lessor, including without limitation any financial information disclosed to
Lessor, shall prove to be false or incorrect in any material respect; or (g)
death or judicial declaration of incompetence of Lessee, if an individual; or
(h) the commencement of any bankruptcy, insolvency, arrangement, reorganization,
receivership, liquidation or other similar proceeding by or against Lessee or
any of its properties or businesses, or the appointment of a trustee, receiver,
liquidator or custodian for Lessee or any of its properties or businesses, or if
Lessee suffers the entry of an order for relief under Title 11 of the United
States Code; or (i) the making by Lessee of a general assignment or deed of
trust for the benefit of creditors; or (j) Lessee shall default in any payment
or other material obligation to any other lender and such lender has accelerated
the debt in accordance with its terms; or (k) Lessee shall merge with or
consolidate into any other entity or sell all or substantially all of its assets
or in any manner terminate its existence; or (l) if Lessee is a privately held
corporation, more than 50% of Lessee's voting capital stock, or effective
control of Lessee's voting capital stock, issued and outstanding from time to
time, is not retained by the holders of such stock on the date the Lease is
executed, unless, however, Lessor shall have given prior written consent with
respect thereto, which consent will not be unreasonably withheld; or (m) if
Lessee is a publicly held corporation, there shall be a change in the ownership
of Lessee's stock such that Lessee is no longer subject to the reporting
requirements of the Securities Exchange Act of 1934 or no longer has a class of
equity securities registered under Section 12 of the Securities Act of 1933; or
(n) Lessor shall determine that there has been a material adverse change in the
financial condition or business operations of Lessee since the date of execution
of the Lease, or that Lessee's ability to perform its Obligations is materially
impaired; or (o) if Lessee leases the premises where any Equipment is located, a
breach by Lessee of any such lease and the commencement of an action by the
landlord to evict Lessee or to repossess the premises; or (p) any event or
condition set forth in subsections (e) through (o) of this Section 10 shall
occur with respect to any guarantor or other person liable or responsible, in
whole or in part, for payment or performance of any Obligations; or (q) any
event or condition set forth in subsections (e) through (o) shall occur with
respect to any Affiliate of Lessee. Lessee shall promptly notify Lessor of the
occurrence of any Event of Default or the occurrence or existence of any event
or condition which, upon the giving of notice or lapse of time, or both, would
constitute an Event of Default.

            11. RIGHTS AND REMEDIES; ACCELERATION. Upon the occurrence of an
Event of Default, Lessor shall have all of the rights and remedies enumerated
herein (all of which are cumulative and not exclusive of any other right or
remedy available to Lessor) and Lessor may, at its sole option and discretion,
exercise one or more of the following remedies with respect to any or all of the
Collateral (i) by written notice to Lessee, terminate any or all Leases, as such
notice shall specify, and, with respect to such terminated Leases, declare
immediately due and payable and recover from Lessee, as liquidated damages for
loss of Lessor's bargain and not as a penalty, an amount equal to the aggregate
of all unpaid periodic installment payments and other sums due under the Leases
to the date of default plus the charges set forth in Section 4 hereof, if any,
plus the remaining periodic installments and other sums due under the Leases,
discounted to present value at the rate of six percent (6%) per annum; (ii)
Lessor may declare at its option, all or any part of the Obligations immediately
due and payable, without demand, notice of intention to accelerate, notice of
acceleration, notice of nonpayment, presentment, protest, notice of dishonor, or
any other notice whatsoever, all of which are hereby waived by Lessee and any
endorser, guarantor, surety or other party liable in any capacity for any of the
Obligations; (iii) cause Lessee to promptly ship, with insurance and freight
prepaid by Lessee, any or all Equipment to such location as Lessor may designate
in accordance with the terms of Lease Schedules, or

                                     Page 7                      Initial JP / KR
                                                                         -------
<PAGE>

Lessor, at its option, may enter upon the premises where the Equipment is
located and take immediate possession of and remove the same by summary
proceedings or otherwise, all without liability to Lessor for or by reason of
damage to property or such entry or taking possession except for Lessor's gross
negligence or willful misconduct; (iv) sell any or all Equipment at public or
private sale or otherwise dispose of, hold, use, operate, lease to others or
keep idle the Equipment, all as Lessor in its sole discretion may determine and
all free and clear of any rights of Lessee; (v) remedy such default, including
making repairs or modifications to the Equipment, for the account and expense of
Lessee, and Lessee agrees to reimburse Lessor for all of Lessor's costs and
expenses; (vi) apply any Security Deposit or other cash collateral or sale or
remarketing proceeds of the Equipment at any time to reduce any amounts due to
Lessor, (vii) exercise any other right or remedy which may be available to
Lessor under applicable law, or proceed by appropriate court action to enforce
the terms hereof or to recover damages for the breach hereof, including
Attorneys' Fees and Expenses. Any notice required to be given by Lessor of a
sale or other disposition or other intended action which is made in accordance
with the terms of the Lease at least seven (7) days prior to such proposed
action, shall constitute fair and reasonable notice to Lessee of any such
action. Lender shall be liable to Lessor only for its gross negligence or
willful misconduct in failing to comply with any applicable law imposing duties
upon Lessor; Lessor's liability for any such failure shall be limited to the
actual loss suffered by Lessee directly resulting from such failure; and in no
event shall Lessor have any liability to Lessee for incidental, consequential,
punitive or exemplary damages. No remedy referred to in this Section 11 shall be
exclusive, but each shall be cumulative and in addition to any other remedy
referred to above or otherwise available to Lessor at law or in equity.

            (b) The exercise or pursuit by Lessor of any one or more of such
remedies shall not preclude the simultaneous or later exercise or pursuit by
Lessor of any or all such other remedies, and all remedies hereunder shall
survive termination of the Lease. In the event Lessor takes possession and
disposes of the Collateral, the proceeds of any such disposition shall be
applied in the following order: (1) to all of Lessor's costs, charges and
expenses incurred in taking, removing, holding, repairing and selling or leasing
the Equipment; (2) to pay the Lessor the remaining amount of any Obligations
owed to Lessor and (3) the balance, if any, to Lessee. A termination shall occur
only upon written notice by Lessor and only with respect to such Equipment as
Lessor shall specify in such notice. Termination under this Section 11 shall not
affect Lessee's duty to perform Lessee's Obligations under the Lease in full.
Lessee agrees to reimburse Lessor on demand for any and all costs and expenses
incurred by Lessor in enforcing its rights and remedies hereunder following the
occurrence of an Event of Default, including, without limitation, Attorneys'
Fees and Expenses, and the costs of repossession, storage, insuring, reletting,
selling and disposing of any and all Equipment.

            12. RETURN OF EQUIPMENT; EXTENSION OF TERM. Upon demand of Lessor
pursuant to Section II hereof, or unless Lessee purchases the Equipment pursuant
to the Option to Purchase contained in the Lease Schedule, Lessee, at its own
risk and expense, shall immediately return the Equipment to Lessor in accordance
with the Lease Schedule. Should Lessee fail to provide timely notice of exercise
of the Option to Purchase as provided in the Lease Schedule or return the
Equipment to Lessor in the time and manner provided in the Lease Schedule, the
Lease Term shall be extended for successive 30 day periods until Lessee returns
the Equipment to Lessor in accordance with the Lease Schedule, or Lessor
terminates the Lease by 10 days written notice to Lessee. In the event any Lease
is extended pursuant to the preceding sentence, the Rental Payments in effect
prior to the expiration of the Lease Term, and all other provisions of the
Lease, shall continue to apply.

            13. INDEMNITY. (a) Lessee agrees to indemnify, reimburse and hold
Lessor and its successors, Affiliates, assigns, officers, directors, employees,
agents and servants (hereinafter in this Section 13 referred to individually as
"Indemnitee', and collectively as "Indemnitees") harmless from any and all
liabilities, obligations, damages, injuries, penalties, claims, demands,
actions, suits, judgments and any and all costs, expenses or disbursements,
including Attorneys' Fees and Expenses, of whatsoever kind and nature imposed
on, asserted against or incurred by any of the Indemnitees in any way relating
to or arising out of the Lease or any other document executed in connection
herewith or therewith or in any other way connected with the administration of
the transactions contemplated hereby or thereby or the enforcement of any of the
terms of, or the preservation of any rights under any thereof, or in any way
relating to or arising out of the manufacture, ownership, ordering, purchase,
delivery, control, acceptance, lease, financing, possession, operation,
condition, sale, return or other disposition, or use of the Equipment
(including, without limitation, latent or other defects, whether or not
discoverable), the violation of the laws of any country, state or other
governmental body or unit, any tort (including, without limitation, claims
arising or imposed under the doctrine of strict liability, or for or on account
of injury to or the death of any Person (including any Indemnitee), or property
damage), or contract claim, or any claim based on license, patent, trademark or
copyright infringement, or any obligation or liability to the manufacturer or
Supplier of the Equipment arising under any Supply Contracts, including purchase
orders issued by Lessee or Lessor or assigned to Lessor; provided, however that
no Indemnitee

                                     Page 8                      Initial JP / KR
                                                                         -------
<PAGE>

shall be indemnified pursuant to this Section 13 for losses, damages or
liabilities caused solely by the gross negligence or willful misconduct of such
Indemnitee. Lessee agrees that upon written notice by any Indemnitee of the
assertion of such a liability, obligation, damage, injury, penalty, claim,
demand, action, suit or judgment, Lessee shall assume full responsibility for
the defense thereof. Each Indemnitee agrees to use its best efforts to promptly
notify Lessee of any such assertion of which such Indemnitee has knowledge.

            (b) Without limiting the application of Section 13(a) hereof, Lessee
agrees to pay, or reimburse Lessor for any, and all reasonable fees, costs and
expenses (including Attorneys Fees and Expenses) of whatever kind or nature
incurred in connection with the creation, preservation or protection of Lessor's
liens on, and security interest in, the Collateral, including, without
limitation, all fees and taxes in connection with the recording or filing of
instruments and documents in public offices, payment or discharge of any taxes
or liens upon or in respect of the Collateral, premiums for insurance with
respect to the Collateral and all other fees, costs and expenses in connection
with protecting, maintaining or preserving the Collateral and Lessor's interest
therein, whether through judicial proceedings or otherwise, or in defending or
prosecuting any actions, suits or proceedings arising out of or relating to the
Collateral.

            (c) Lessee shall, at its sole cost and expense, protect, defend,
indemnify, release and hold harmless the Indemnitees from and against any and
all Losses imposed upon or incurred by or asserted against any Indemnitees, and
arising out of or in any way relating to any one or more of the following,
unless caused solely by the gross negligence or willful misconduct of any
Indemnitee: (i) any presence of any Hazardous Substances in, on, above or under
Lessee's leased or owned real property (the "Property"); (ii) any past, present
or threatened Release of Hazardous Substances in, on, above, under or from the
Property; (iii) any past or present violation of any Environmental Laws. The
term "Release" of any Hazardous Substance includes, but is not limited to, any
release, deposit, discharge, emission, leaking, spilling, seeping, migrating,
injecting, pumping, pouring, emptying, escaping, dumping, disposing or other
movement of Hazardous Substances. The term "Losses" includes any and all claims,
suits, liabilities (including, without limitation, strict liabilities), actions,
proceedings, obligations, debts, damages, losses, costs, expenses, diminution's
in value, fines, penalties, charges, fees, expenses, judgments, awards, amounts
paid in settlement, costs of remediating a Hazardous Substance (whether or not
performed voluntarily), engineers' fees, environmental consultants' fees, and
costs of investigation (including, but not limited to sampling, testing and
analysis of soil, water, air, building materials and other materials and
substances whether solid, liquid or gas) or punitive damages, of whatever kind
or nature (including, but not limited to Attorneys' Fees and Expenses).

            (d) Without limiting the application of Section 13(a), (b) or (c)
hereof, Lessee agrees to pay, indemnify and hold each Indemnitee harmless from
and against any loss, costs, damages and expenses (including Attorneys' Fees and
Expenses) which such Indemnitee may suffer, expend or incur in consequence of or
growing out of any misrepresentation or omission of a material fact by Lessee in
the Lease or in any writing contemplated by or made or delivered pursuant to or
in connection with the Lease.

            (e) If and to the extent that the obligations of Lessee under this
Section 13 are unenforceable for any reason, Lessee hereby agrees to make the
maximum contribution to the payment and satisfaction of such obligations which
is permissible under applicable law.

            14. MAINTENANCE; INSPECTION. During the Lease Term for each item of
Equipment, Lessee shall, unless Lessor shall otherwise consent in writing:(a)
maintain conspicuously on any Equipment such labels, plates, decals or other
markings as Lessor may reasonably require, stating that Lessor is owner of such
Equipment; (b) furnish to Lessor such information concerning the condition,
location, use and operation of the Equipment as Lessor may request; (c) permit
any person designated by Lessor to visit and inspect any Equipment and any
records maintained in connection therewith, provided, however, that the failure
of Lessor to inspect the Equipment or to inform Lessee of any noncompliance
shall not relieve Lessee of any of its obligations hereunder; and (d) make no
additions, alterations, modifications or improvements (collectively,
"Improvements") to any item of Equipment that are not readily removable without
causing material damage to such item of Equipment or which will cause the value,
utility or useful life of such item of Equipment to materially decline. If any
such Improvement is made and cannot be removed without causing material damage
or decline in value, utility or useful life (a "Non-Severable Improvement" ),
then Lessee warrants that such Non-Severable Improvement shall immediately
become Lessor's property upon being installed and shall be free and clear of all
liens and encumbrances and shall become Equipment subject to all of the terms
and conditions of the Lease. All such Improvements that are not Non-Severable
Improvements shall be removed by Lessee prior to the return of the item of
Equipment hereunder or such Improvements shall also become the sole and absolute
property of Lessor without any further payment by Lessor to Lessee and shall be
free and clear of all liens and

                                     Page 9                      Initial JP / KR
                                                                         -------
<PAGE>

encumbrances whatsoever. Lessee shall repair all damage to any item of Equipment
caused by the removal of any Improvement so as to restore such item of Equipment
to the same condition which existed prior to its installation and as required by
the Lease.

            15. FURTHER ASSURANCES. Lessee shall promptly execute and deliver to
Lessor such further documents and take such further action as Lessor may require
in order to more effectively carry out the intent and purpose of the Lease.
Lessee shall execute and deliver to Lessor upon Lessor's request any and all
schedules, forms and other reports and information as Lessor may deem necessary
or appropriate to respond to requirements or regulations imposed by any
governmental authorities or to comply with the provisions of the law of any
jurisdiction in which Lessee may then be conducting business or in which any of
the Equipment may be located. Lessee shall execute and deliver to Lessor upon
Lessor's request such further and additional documents, instruments and
assurances as Lessor deems necessary to acknowledge and confirm, for the benefit
of Lessor or any assignee or transferee of any of Lessor's rights, title and
interests hereunder in accordance with Section 16 hereof (an "Assignee"), all of
the terms and conditions of all or any part of the Lease and Lessor's or
Assignee's rights with respect thereto, and Lessee's compliance with all of the
terms and provisions thereof.

            16. ASSIGNMENT. The provisions of the Lease shall be binding upon
and shall inure to the benefit of the heirs, administrators, successors and
assigns of Lessor and Lessee, provided, however, Lessee may not assign any of
its rights, sublease Equipment or delegate any of its obligations under the
Lease without the prior written consent of Lessor in its sole discretion. Lessor
may, from time to time, absolutely or as security, without notice to Lessee,
sell, assign, transfer, participate, pledge or otherwise dispose of all or any
part of a Lease, the Obligations and/or the Collateral therefor, subject to the
rights of Lessee under the Lease for the use and possession of the Equipment. In
such event, each and every immediate and successive Assignee shall have the
right to enforce the Lease with respect to those Obligations and/or Collateral
transferred to the Assignee, by legal action or otherwise, for its own benefit
as fully as if such Assignee were herein by name specifically given such rights.
Lessee agrees that the rights of any such Assignee hereunder or with respect to
the related Obligations, shall not be subject to any defense, set off or
counterclaim that Lessee may assert or claim against Lessor, and that any such
Assignee shall have all of Lessor's rights hereunder but none of Lessor's
obligations. Lessor shall have an unimpaired right to enforce the Lease for its
benefit with respect to that portion of any Lease, Obligations and/or Collateral
that Lessor has not sold, assigned, pledged or otherwise transferred.

            17. GOVERNING LAW; MEDIATION OF THE LEASE. THE LEASE AND THE LEGAL
RELATIONS OF THE PARTIES HERETO SHALL IN ALL RESPECTS BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CONNECTICUT, WITHOUT
REGARD TO PRINCIPLES REGARDING THE CHOICE OF LAW. LESSEE HEREBY CONSENTS AND
SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF
CONNECTICUT AND THE FEDERAL DISTRICT COURT FOR THE DISTRICT OF CONNECTICUT FOR
THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF ITS
OBLIGATIONS UNDER THE LEASE, AND EXPRESSLY WAIVES ANY OBJECTIONS THAT IT MAY
HAVE TO THE VENUE OF SUCH COURTS. LESSEE HEREBY EXPRESSLY WAVES ANY RIGHT TO
TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THE LEASE. Any action
by Lessee against Lessor for any cause of action under the Lease shall be
brought within one year after any such cause of action first arises. If
requested by Lessor, Lessee agrees that prior to the commencement of any
litigation regarding the terms and conditions of the Lease, the parties hereto
shall subject themselves to non-binding mediation with a qualified mediator
mutually satisfactory to both parties.

            18. NOTICES. Any demand or notice required or permitted to be given
hereunder shall be deemed effective (a) when deposited in the United States
mail, and sent by certified mail, return receipt requested, postage prepaid,
addressed to Lessor or to Lessee at the addresses set forth herein, or to such
other address as may be hereafter provided by the party to be notified by
written notice complying with the provisions hereof or (b) when transmitted to
Lessor or Lessee by facsimile at the respective numbers provided for such
purpose; provided, that such facsimile notice is promptly followed by notice
given in accordance with the immediately preceding subsection (a).

            19. SECURITY DEPOSIT. Lessor may, at its option, apply the Security
Deposit, if any is indicated in a Lease Schedule, to cure any default of Lessee,
whereupon Lessee shall promptly restore such Security Deposit to its original
amount. Lessor shall return to Lessee any unapplied Security Deposit, without
interest, upon full payment and performance of Lessee's Obligations under the
Lease.

                                    Page 10                      Initial JP / KR
                                                                         -------
<PAGE>

            20. MISCELLANEOUS; GENERAL PROVISIONS. The Lease will not be binding
on Lessor until accepted and executed by Lessor at its executive office in South
Norwalk, Connecticut. All options, powers and rights granted to Lessor hereunder
or under any promissory note, guaranty, letter of credit agreement, depository
agreement, instrument, document or other writing delivered to Lessor shall be
cumulative and shall be in addition to any other options, powers or rights which
Lessor may now or hereafter have under any applicable law or otherwise. Time is
of the essence in the payment and performance of all of Lessee's obligations
under the Lease. The captions in the Lease are for convenience only and shall
not define or limit any of the terms thereof.

            Any provisions of this Lease which are unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such unenforceability without invalidating the remaining provisions hereof, and
any such unenforceability in any jurisdiction shall not render unenforceable
such provisions in any other jurisdiction. To the extent permitted by applicable
law, Lessee hereby waives any provisions of law which render any provision of
the Lease unenforceable in any respect.

            LESSEE ACKNOWLEDGES THAT THE TRANSACTION OF WHICH THIS AGREEMENT IS
A PART IS A COMMERCIAL TRANSACTION AND EXCEPT AS OTHERWISE PROVIDED IN THE
LEASE, LESSEE HEREBY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, NOTICE
AND JUDICIAL HEARING IN CONNECTION WITH LESSOR'S TAKING POSSESSION OR LESSOR'S
DISPOSITION OF ANY OF THE COLLATERAL, INCLUDING, WITHOUT LIMITATION, ANY AND ALL
PRIOR NOTICE AND HEARING FOR ANY PREJUDGMENT REMEDY OR REMEDIES AND ANY SUCH
RIGHT WHICH LESSEE WOULD OTHERWISE HAVE UNDER THE CONSTITUTION OR ANY STATUTE OF
THE UNITED STATES OR OF ANY STATE, INCLUDING, WITHOUT LIMITATION, ITS RIGHTS TO
NOTICE AND HEARING UNDER CHAPTER 903A OF THE CONNECTICUT GENERAL STATUTES.

            THE LEASE AND ANY OTHER WRITTEN AGREEMENT(S) BETWEEN THE PARTIES
EXECUTED SIMULTANEOUSLY HEREWITH, REPRESENT THE FINAL AGREEMENT BETWEEN THE
PARTIES CONCERNING THE SUBJECT MATTER HEREOF, AND SUPERSEDE AND MAY NOT BE
CONTRADICTED BY ANY PRIOR WRITTEN AGREEMENTS BETWEEN THE PARTIES, INCLUDING,
WITHOUT LIMITATION, PROPOSALS, LETTERS, COMMITMENT LETTERS OR BY ANY PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. LESSEE
ACKNOWLEDGES AND CERTIFIES THAT NO SUCH ORAL AGREEMENTS EXIST. THE LEASE MAY NOT
BE AMENDED, NOR MAY ANY RIGHTS UNDER THE LEASE BE WAIVED, EXCEPT BY AN
INSTRUMENT IN WRITING SIGNED BY THE PARTY AGAINST WHOM SUCH AGREEMENT OR WAIVER
IS ASSERTED. The failure of Lessor at any time or times hereafter to require
strict performance by Lessee of any of the provisions, warranties, terms and
conditions contained in the Lease or in any other agreement, guaranty, note,
depository agreement, letter of credit instrument or document now or at any time
or times hereafter executed by Lessee or an Affiliate of Lessee and delivered to
Lessor shall not waive, affect or diminish any right of Lessor at any time or
times hereafter to demand strict performance thereof. The Lease may be executed
in any number of counterparts, each of which shall be deemed to be an original,
but all of which together shall constitute but one and the same instrument. The
section headings herein are included for convenience only and shall not be
deemed to be a part of the Lease. Each reference herein to "Lessor" shall be
deemed to include its successors and assigns, and each reference to "Lessee" and
any pronouns referring thereto as used herein shall be construed in the
masculine, feminine, neuter, singular or plural, as the context may require, and
shall be deemed to include the legal representatives, successors and assigns of
Lessee, all of whom shall be bound by the provisions hereof. EACH REFERENCE
HEREIN TO "LESSEE" SHALL MEAN AND INCLUDE ANY AND ALL LESSEES WHO SIGN BELOW,
EACH OF WHOM SHALL BE JOINTLY AND SEVERALLY LIABLE UNDER THE LEASE.

            The Lease, and all related documents, including (a) amendments,
addenda, consents, waivers and modifications which may be executed
contemporaneously or subsequently herewith, (b) documents received by Lessor
from the Lessee, and (c) financial statements, certificates and other
information previously or subsequently furnished to Lessor, may be reproduced by
Lessor by any photographic, photostatic, microfilm, micro-card, miniature
photographic, compact disk reproduction or other similar process and Lessor may
destroy any original document so reproduced. Lessee agrees, herein waives all
right to object to the admissibility of such reproduction and stipulates that
any such reproduction shall, to the extent permitted by law, be admissible in
evidence as the original itself in any judicial or administrative proceeding
(whether or not the original itself is in existence and whether or not the
reproduction was made by Lessor in the regular course of business) and that any
enlargement, facsimile or further reproduction of the reproduction shall
likewise be admissible in evidence.

                                    Page 11                      Initial JP / KR
                                                                         -------
<PAGE>

            21. SURVIVAL. Sections 7, 8, 9, 11, 12, 13, 14, 17, 18, 19 and 20
shall survive and continue in full force and effect without regard to the
payment in full of all Obligations under the Lease.

      Executed and delivered by duly authorized representatives of the parties
hereto as of the date set forth below.

LESSOR:                                     LESSEE:

OXFORD VENTURE FINANCE, LLC                 GENAISSANCE PHARMACEUTICALS, INC.

By:  /s/ J.A. Philbrick                     By:  /s/ Kevin Rakin
   ----------------------------                ----------------------------

Name:  J.A. PHILBRICK                       Name:  KEVIN RAKIN
     --------------------------                  --------------------------

Title:  PRESIDENT                           Title:  EVP & CFO
      -------------------------                   -------------------------

Date:  6-10-99                              Date:  6/14/99
     --------------------------                  --------------------------

                                    Page 12                      Initial JP / KR
                                                                         -------
<PAGE>

                                   SCHEDULE 1

Trade Names

                                    Page 13                      Initial JP / KR
                                                                         -------
<PAGE>

                                   SCHEDULE 2

Name Changes; Changes in Chief Executive Office

Lessee is formerly known as BIOS Laboratories, Inc.

                                    Page 14                      Initial JP / KR
                                                                         -------

                      Schedules to be filed by amendment

<PAGE>

                    RATE ADJUSTMENT RIDER AND ACKNOWLEDGMENT

      RATE ADJUSTMENT RIDER AND ACKNOWLEDGMENT (this "Rider") to the Equipment
Lease Schedule No. 01 (the "Lease Schedule") and the related Master Equipment
Lease Agreement No. 7667 dated June 10, 1999 (the "Master Lease" and together
with the Lease Schedule, the "Lease"), between GENAISSANCE PHARMACEUTICALS,
INC., as lessee (the "Lessee") and OXFORD VENTURE FINANCE, LLC, as Lessor
("Oxford"). This Rider is entered into pursuant to and incorporates by this
reference all of the terms and provisions of the Lease. By its execution and
delivery of this Rider, Lessee hereby reaffirms all of the representations,
warranties and covenants contained in the Lease as of the date hereof, and
further represents and warrants to Lessor that no Default has occurred and is
continuing as of the date hereof.

      1. Purpose. This Rider amends and restates the terms of the payments set
forth in Acceptance Certificate.

      2. Definitions. The following terms shall have the following meanings
herein:

      (a) "Adjustment Date" shall mean [the date Oxford disburses any portion of
the proceeds of the Lease][the date Oxford receives Lessee's executed Acceptance
Certificate in Oxford's standard form (following delivery) evidencing Lessee's
acceptance of the Equipment described in the Lease].

      (b) "Final T-Note Average" shall mean the average of the yields on U.S.
Treasury Notes maturing in 3 years, as published by the Dow Jones Telerate
Access Service, Page 19901, for the close of business on each business day of
the two full calendar weeks immediately preceding the week containing the
Adjustment Date.

      (c) "Preliminary Payments" shall mean the payments set forth in the Lease
Schedule, consisting of $15,548.99 due upon execution (the "Advance Payment")
followed by 47 consecutive monthly payments.

      (d) "Preliminary T-Note Average" shall mean 5.01%.

      3. Adjustment of Payments. The Preliminary Payments were calculated based
on a spread over the Preliminary T-Note Average. Should the Final T-Note Average
differ from the Preliminary T-Note Average, then the Preliminary Payments shall
be revised. For each increase or decrease of one (1) basis point (i.e., 1/100 of
1%) in the Final T-Note Average above or below the Preliminary T-Note Average,
the Preliminary Payments shall be revised as follows (complete below as
applicable):

      The Advance Payment, due upon execution of the Equipment Schedule, shall
remain unchanged.

      Each of the monthly payments initially scheduled, in the amount of
$15,548.99, shall increase or decrease by $2.87.

      THE CALCULATION OF THE CONTRACT PAYMENTS UNDER THIS RIDER WILL SUPERSEDE
ANY PRIOR PROPOSAL OR QUOTATION. LESSEE HEREBY ACKNOWLEDGES AND AGREES TO THE
CALCULATION OF THE PAYMENT SCHEDULE SET FORTH HEREIN.
<PAGE>

      4. Oxford's Requirements. The commencement of the Lease is subject to
satisfaction of all documentation and credit requirements of Oxford. If such
requirements are not satisfied by the Adjustment Date, then Oxford may, at its
sole option, declare that the Adjustment Date shall be the date when such
requirements are satisfied.

Dated as of: June 10, 1999

OXFORD VENTURE FINANCE, LLC               GENAISSANCE PHARMACEUTICALS, INC.

By: /s/ J.A. Philbrick                    By: /s/ Kevin Rakin
   ----------------------------              ----------------------------

Name: J.A. PHILBRICK                      Name: KEVIN RAKIN
     --------------------------                --------------------------

Title: PRESIDENT                          Title: EVP & CFO
      -------------------------                 -------------------------<PAGE>

                                                                   Exhibit 10.17

NEWCOURT FINANCIAL USA INC.                          Newcourt Financial USA Inc.
MASTER LEASE AGREEMENT                               301 Lee Farm Corporate Park
                                                     83 Wooster Heights Road
                                                     Danbury, CT  06810

LESSEE: ________________________    MASTER LEASE AGREEMENT NO. ________________

ADDRESS: _______________________    DATE: _____________________________________

NEWCOURT FINANCIAL USA INC. ("Lessor") hereby leases to Lessee and Lessee leases
from Lessor, in accordance with the terms and conditions hereinafter set forth,
the equipment and property together with all replacements, substitutions,
additions, accessories, alterations and repairs incorporated therein or now or
hereafter affixed thereto (herein collectively referred to as the "Equipment")
described in each Equipment Schedule which may be executed by Lessor and Lessee
from time to time (individually a "Schedule" and collectively, the "Schedules"),
each of which is made a part hereof. For all purposes of this Master Lease
Agreement ("Lease"), each Schedule relating to one or more items of Equipment
shall be deemed a separate lease incorporating all of the terms and provisions
of this Lease. In the event of a conflict between the terms of this Lease and
the terms and conditions of a Schedule, the terms and conditions of the Schedule
shall govern and control that Schedule.

________________________________________________________________________________

1. TERM AND RENTAL. The term of this Lease (the "Minimum Lease Term") for any
item of Equipment shall be set forth in the Schedule relating to such item of
Equipment and shall commence (the "Commencement Date") on the acceptance Date
("Acceptance Date"), which shall be the applicable of: (1) the date of delivery
of the Equipment to Lessee; (2) in the case of Equipment which is the subject of
a sale and leaseback between Lessor and Lessee, the date upon which Lessor
purchases such Equipment from Lessee; or (3) in the case of Equipment requiring
installation, the date of installation of the Equipment. If the Acceptance Date
is other than the first day of a calendar month, then the Commencement Date of
the Minimum Lease Term set forth in any Schedule shall be the first day of the
calendar month following the month which includes the Acceptance Date and Lessee
shall pay to Lessor, in addition to all other sums due hereunder, an amount
equal to one-thirtieth of the amount of the average monthly rental payment due
or to become due hereunder multiplied by the number of days from and including
the Acceptance Date to the Commencement Date of the Minimum Lease Term set forth
in the Schedule. Lessee agrees to pay the total rental for the entire term
hereof, which shall be the total amount of all rental payments set forth in the
Schedule, plus such additional amounts as may become due hereunder or pursuant
to any written modification hereof or additional written agreement hereto.
Except as otherwise specified in the Schedule, rental payments hereunder shall
be monthly and shall be payable in advance on the first day of each month during
the term of this Lease beginning with the Commencement Date of the Minimum Lease
Term and shall be sent to the address of the Lessor specified in this Lease or
in the Schedule or as otherwise directed by the Lessor in writing. Time is of
the essence. Rental payments or any other payments due hereunder not made on or
before the due date shall be overdue and shall be subject to a service charge in
an amount equal to five percent (5%) per month of the overdue payments or the
maximum rate permitted by law whichever is less (the "Service Charge Rate"). If
Lessor shall at any time accept a rental payment after it shall become due, such
acceptance shall not constitute or be construed as a waiver of any or all of
Lessor's rights hereunder, including without limitation those rights of Lessor
set forth in Sections 12 and 13 hereof.

2. TITLE. This is an agreement of lease only. Lessee shall have no right, title
or interest in or to the Equipment leased hereunder, except as to the use
thereof subject to the terms and conditions of this Lease. All of the Equipment
shall remain personal property (whether or not the Equipment may at any time
become attached or affixed to real property). The Equipment is and shall remain
the sole and exclusive property of Lessor or its assignees. All replacements,
substitutions, modifications, repairs, alterations, additions and accessories
incorporated in or affixed to the Equipment (herein collectively called
"additions" and included in the definition of "Equipment"), whether before or
after the Commencement Date, shall become the property of Lessor upon being so
incorporated or affixed and shall be returned to Lessor as provided in Section
3. Upon the request of Lessor, Lessee will affix to the Equipment labels or
other markings supplied by Lessor indicating its ownership of the Equipment and
shall keep the same affixed for the entire term of this

<PAGE>

Lease. Lessee agrees to promptly execute and deliver or cause to be executed and
delivered to Lessor and Lessor is hereby authorized to record or file, any
statement and/or instrument requested by Lessor for the purpose of showing
Lessor's interest in the Equipment, including without limitation, financing
statements, security agreements, and waivers with respect to rights in the
Equipment from any owners or mortgagees of any real estate where the Equipment
may be located. In the event that Lessee fails or refuses to execute and/or file
Uniform Commercial Code financing statements or other instruments or recordings
which Lessor or its assignee reasonably deems necessary to perfect or maintain
perfection of Lessor's or its assignee's interests hereunder, Lessee hereby
appoints Lessor or Lessee's limited attorney-in-fact to execute and record all
documents necessary to perfect or maintain the perfection of Lessor's interests
hereunder. Lessee shall pay Lessor for any costs and fees relating to any
filings hereunder including, but not limited to, costs, fees, searches, document
preparation, documentary stamps, privilege taxes and reasonable attorneys' fees.
If any item of Equipment includes computer software, Lessee shall execute and
deliver and shall cause Seller (as hereinafter defined) to deliver all such
documents as are necessary to effectuate assignment of all applicable software
licenses to Lessor. Lessee shall at its expense: (i) indemnify, protect and
defend Lessor's title to the Equipment from and against all persons claiming
against or through Lessee; (ii) at all times keep the Equipment free from any
and all liens, encumbrances, attachments, levies, executions, burdens, charges
or legal process of any and every type whatsoever; (iii) give Lessor immediate
written notice of any breach of this Lease described in clause (ii); and (iv)
indemnify, protect and save Lessor harmless from any loss, cost or expense
(including reasonable attorneys' fees) caused by the Lessee's breach of any of
the provisions of this Lease, whether incurred by Lessor in pursuing its rights
against Lessee or defending against any claims or defenses asserted by or
through Lessee. In the event that this transaction is not deemed to be a lease
governed by Article 2A of the UCC, as security for the full and prompt payment
and performance of all present and future liabilities and obligations of Lessee
to Lessor under the Lease, Lessee grants to Lessor a security interest in all
Lessee's rights and interest in the Equipment and all accessions and
modifications thereto and all proceeds and products of the foregoing.

3. ACCEPTANCE AND RETURN OF EQUIPMENT. Lessor shall, at any time prior to
unconditional acceptance of all Equipment by Lessee, have the right to cancel
this Lease with respect to such Equipment (and if the Equipment or any portion
thereof has not previously been delivered, Lessor may refuse to pay for the
Equipment or any portion thereof or refuse to cause the same to be delivered)
if: (a) the Acceptance Date with respect to any item of Equipment to be leased
pursuant to any Schedule has not occurred within sixty (60) days of the
estimated Acceptance Date set forth in such Schedule or (b) there shall be, in
the reasonable judgment of Lessor, a material adverse change in the financial
condition or credit standing of Lessee or of any guarantor of Lessee's
performance under this Lease since the date of the most recent financial
statements of Lessee or of such guarantor submitted to Lessor. Upon any
cancellation by Lessor pursuant to this Section or the provisions of any
Schedule, Lessee shall forthwith reimburse to Lessor all sums paid by Lessor
with respect to such Equipment plus all costs and expenses of Lessor incurred in
connection with such Equipment and any interest or rentals due hereunder in
connection with such Equipment and shall pay to Lessor all other sums then due
hereunder, whereupon if Lessee is not in then in default and has full performed
all of its obligations hereunder, Lessor will, upon request of Lessee, transfer
to Lessee without warranty or recourse any rights that Lessor may then have with
respect to such Equipment. Lessee agrees to promptly execute and deliver to
Lessor (in no event later than 15 days after the Acceptance Date) a confirmation
by Lessee or unconditional acceptance of the Equipment in the form supplied by
Lessor (the "Equipment Acceptance"). Lessee agrees, before execution of the
aforesaid Equipment Acceptance, to inform Lessor in writing of any defects in
the Equipment, or in the installation thereof, which have come to the attention
of Lessee or its agents and which might give rise to all claim by Lessee against
the Seller or any other person. If Lessee fails to give notice to Lessor of any
such defects or fails to deliver to Lessor the Equipment Acceptance as provided
herein, it shall be deemed an acknowledgment by Lessee (for purposes of this
Lease only) that no such defects in the Equipment or its installation exist and
it shall be conclusively presumed, solely as between Lessor and its assignees
and Lessee, that such Equipment has been unconditionally accepted by Lessee for
lease hereunder. Except as otherwise provided in any Schedule, Lessee shall
provide Lessor ninety (90) days prior written notice by registered or certified
mail of its intention to return the Equipment upon expiration of the Minimum
Lease Term. Upon expiration or the cancellation or termination of the Lease with
respect to any Equipment, Lessee shall, at its own expense, assemble, crate,
insure and deliver all of the

                                       2

<PAGE>

Equipment and all of the service records and all software and software
documentation subject to this Lease and any Schedules hereto to Lessor in the
same good condition and repair as when received, reasonable wear and tear
resulting only from proper use thereof excepted, to such reasonable destination
within the continental United States as Lessor shall designate. Lessee shall,
immediately prior to such return of each item of Equipment, provide to Lessor a
letter from the manufacturer of the Equipment or another service organization
reasonably acceptable to Lessor certifying that said item is in good working
order, reasonable wear and tear resulting only from proper use thereof excepted,
that such item is eligible for a maintenance agreement by such manufacturer and
all software is included thereon. If any computer software requires relicensing
when removed from Lessee's premises, Lessee shall bear all costs of such
relicensing. If Lessee fails for any reason to provide the notice set forth
above or to re-deliver the Equipment back to Lessor in accordance with the terms
set forth above, Lessee shall pay to Lessor, at Lessor's election, an amount
equal to the highest monthly payment set forth in the Schedule for a period of
not less than three (3) months ("Holdover Period") and at the end of such
Holdover Period, Lessee shall return the Equipment to Lessor as provided herein.
If Lessee fails or refuses to return the Equipment as provided herein at the end
of any Holdover Period, the term of such schedule shall be deemed to have been
automatically renewed for successive Holdover Periods until Lessee returns the
Equipment in accordance with the terms set forth above and during which time,
Lessee shall pay to Lessor, at Lessor's option, an amount equal to one hundred
percent (100%) of the highest monthly payment set forth in the Schedule or the
highest rate permitted by law, whichever is less, for each month or portion
thereof, until Lessee returns the Equipment to Lessor.

4. DISCLAIMER OF WARRANTIES. LESSEE HAS EXCLUSIVELY SELECTED AND CHOSEN THE
TYPE, DESIGN, CONFIGURATION, SPECIFICATION AND QUALITY OF THE EQUIPMENT HEREIN
LEASED AND THE VENDOR, DEALER, SELLER, MANUFACTURER OR SUPPLIER THEREOF (HEREIN
COLLECTIVELY CALLED "SELLER"), AS SET FORTH IN THE SCHEDULES. LESSOR MAKES NO
REPRESENTATION OR WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO ANY MATTER
WHATSOEVER, INCLUDING WITHOUT LIMITATION, THE CONDITION OF THE EQUIPMENT, ITS
MERCHANTABILITY OR ITS FITNESS, ADAPTABILITY, AND IMPLIED WARRANTY OF QUIET
ENJOYMENT OR NON-INTERFERENCE OR SUITABILITY FOR ANY PARTICULAR PURPOSE, AND,
LESSEE LEASES, HIRES AND RENTS THE EQUIPMENT "AS IS." Lessee understands and
agrees that neither Seller, nor any agent of Seller, is an agent of Lessor or is
in any manner authorized to waive or alter any term or condition of this Lease.
Lessor shall not be liable for any loss or damage suffered by Lessee or by any
other person or entity, direct or indirect or consequential, including, but not
limited to, business interruption and injury to persons or property, resulting
from non-delivery or late delivery, installation, failure or faulty operation,
condition, suitability or use of the Equipment leased by Lessee hereunder, or
for any failure of any representations, warranties or covenants made by the
Seller. Any claims of Lessee shall not be made against Lessor but shall be made,
if at all, solely and exclusively against Seller, or any persons other than the
Lessor. Lessor hereby authorizes Lessee to enforce during the term of this
Lease, in its name, but at Lessee's sole effort and expense, all warranties,
agreements or representations, if any, which may have been made by Seller to
Lessor or to Lessee, and Lessor hereby assigns to Lessee solely for the limited
purpose of making and prosecuting any such claim, all rights which Lessor may
have against Seller for breach of warranty or other representation respecting
the Equipment.

5. CARE, TRANSFER AND USE OF EQUIPMENT. Lessee, at its own expense, shall
maintain the Equipment in good operating condition, repair and appearance in
accordance with Seller's specifications and in compliance with all applicable
laws and regulations and shall protect the Equipment from deterioration except
for reasonable wear and tear resulting only from proper use thereof. When
generally offered, Lessee shall, at its expense, keep a maintenance contract in
full force and effect, throughout the term of this Lease and any Schedule
hereto. The disrepair or inoperability of the Equipment regardless of the cause
thereof shall not relieve Lessee of the obligation to pay rental hereunder.
Lessee shall not make any modification, alteration or addition to the Equipment
(other than normal operating accessories or controls). Lessee will not, and will
not permit anyone other than the authorized field engineering representatives of
Seller or other maintenance organization reasonably acceptable to Lessor to
effect any inspection, adjustment, preventative or remedial maintenance or
repair to the Equipment. LESSEE MAY NOT (a)

                                       3

<PAGE>

RELOCATE OR OPERATE THE EQUIPMENT AT LOCATIONS OTHER THAN THE PREMISES OF LESSEE
SPECIFIED IN THE APPLICABLE SCHEDULE (THE "PREMISES"), EXCEPT WITH LESSOR'S
PRIOR WRITTEN CONSENT, WHICH SHALL NOT BE UNREASONABLY WITHHELD IF SUCH OTHER
LOCATION WITHIN THE CONTINENTAL UNITED STATES, OR (b) SELL, CONVEY, TRANSFER,
ENCUMBER, PART WITH POSSESSION OF, OR ASSIGN ANY ITEM OF EQUIPMENT OR ANY OF ITS
RIGHTS HEREUNDER, AND ANY SUCH PURPORTED TRANSACTION SHALL BE NULL AND VOID AND
OF NO FORCE OR EFFECT. In the event of a relocation of the Equipment or any item
thereof to which Lessor consents, all costs (including any additional property
taxes or other taxes and any additional expense of insurance coverage) resulting
from any such relocation, shall be promptly paid by Lessee upon presentation to
Lessee of evidence supporting such cost. Lessor shall have the right during
normal hours upon reasonable notice to Lessee, subject to applicable laws and
regulations, to enter Lessee's Premises in order to inspect, observe, affix
labels or other markings, or to exhibit the Equipment to prospective purchasers
or future lessees thereof, or to otherwise protect Lessor's interest therein.

6. NET LEASE. THIS LEASE AND ANY SCHEDULE HERETO IS A NET LEASE, AND ALL
PAYMENTS HEREUNDER ARE NET TO LESSOR. All taxes, assessments, licenses, and
other charges (including, without limitation personal property taxes an sales,
use and leasing taxes and penalties and interest on such taxes) imposed, levied
or assessed on the ownership, possession, rental or use of the Equipment after
delivery of the Equipment to Lessee and thereafter during the term of this Lease
and any schedule hereto (except for Lessor's federal or state net income taxes)
shall be paid by Lessee when due and before the same shall become delinquent,
whether such taxes are assessed or would ordinarily be assessed against Lessor
or Lessee. To the extent possible under applicable law, for personal property or
advalorem tax return purposes only, Lessee shall include the Equipment on such
returns as may be required, which returns shall be timely filed by it. In any
event, Lessee shall file all tax returns required for itself or Lessor and
Lessor hereby appoints Lessee as its attorney-in-fact for such purpose. In case
of failure by Lessee to so pay said taxes, assessments, licenses or other
charges, Lessor may pay all or any part of such items, in which event the amount
so paid by Lessor including any interest or penalties thereon and reasonable
attorneys' fees incurred by Lessor in pursuing its rights against Lessee or
defending against any claims or defenses asserted by or through Lessee shall be
immediately paid by Lessee to Lessor as additional rental hereunder. Lessee
shall promptly pay all costs, expenses and obligations of every kind and nature
incurred in connection with the use or operation of the Equipment which may
arise or become due during the term of this Lease and any Schedule hereto,
whether or not specifically mentioned herein. In case of failure by Lessee to
comply with any provision of this Lease and any Schedule hereto, Lessor shall
have the right, but not the obligation, to effect such compliance on behalf of
Lessee. In such event, all costs and expenses incurred by Lessor in effecting
such compliance shall be immediately paid by Lessee to Lessor as additional
rental hereunder.

7. INDEMNITY. Lessee shall and does hereby agree to indemnify, defend and hold
Lessor and its assigns harmless from and against any and all taxes described in
Section 6 above, liability, loss, costs, injury, damage, penalties, suits,
judgements, demands, claims, expenses and disbursements (including without
limitation, reasonable attorneys' fees incurred by Lessor in pursuing its rights
against Lessee or defending against any claims or defenses against any claims or
defenses asserted by or through Lessee) of any kind whatsoever, except
consequential damages, arising out of, on account of, or in connection with this
Lease and the Equipment leased hereunder, including, without limitation, its
manufacture, selection, purchase, delivery, rejection, installation, ownership,
possession, leasing, renting, operation, control, use, maintenance and the
return thereof. This indemnity shall survive the Minimum Lease Term or earlier
cancellation or termination of this Lease and any Schedule hereto.

8. INSURANCE. Commencing on the date that risk of loss or damage passes to
Lessor from the Seller and continuing until Lessee has re-delivered possession
of the Equipment to Lessor, Lessee shall, at its own expense, keep the Equipment
(including all additions thereto) insured against all risks of loss or damage
from every and any cause whatsoever in such amounts (but in no event less than
the greater of the replacement value thereof or the amount set forth in the
applicable Casualty Schedule, whichever is higher), with such deductibles and
exclusions as approved by Lessor and in such form as is satisfactory to Lessor.
All such insurance policies shall protect Lessor and Lessor's assignee(s) as
loss payees as their interests may appear. Lessee shall also, at its own
expense, carry public liability insurance, with Lessor and Lessor's assignee(s)
as an additional insured, in such amount with such companies and in such form as
is satisfactory to

                                       4

<PAGE>

Lessor, with respect to injury to person or property resulting from or based in
any way upon or in any way connected with or relating to the installation, use
or alleged use, or operation of any or all of the Equipment, or its location or
condition. Not less than ten days prior to the Acceptance Date, Lessee shall
deliver to Lessor satisfactory evidence of such insurance and shall further
deliver evidence of renewal of each such policy not less than thirty (30) days
prior to expiration thereof. Each such policy shall contain an endorsement
providing that the insurer will give Lessor not less than thirty (30) days prior
written notice of the effective date of any alteration, change, cancellation, or
modification of such policy or the failure by Lessee to timely pay all required
premiums, costs or charges with respect thereto. Upon Lessor's request, Lessee
shall cause its insurance agent(s) to execute and deliver to Lessor Loss Payable
Clause Endorsement and Additional Insured Endorsement (bodily injury and
property damage liability insurance) forms provided to Lessee by Lessor. In case
of the failure to procure or maintain such insurance, Lessor shall have the
right, but not the obligation, to obtain such insurance and any premium paid by
Lessor shall be immediately due and payable by Lessee to Lessor as additional
rent hereunder. The maintenance of any policy or policies of insurance pursuant
to this Section shall not limit any obligation or liability of Lessee pursuant
to Sections 7 or 9 or any other provision of this Lease and any Schedule
thereto.

9. RISK OF LOSS. Until such time as the Equipment is returned and delivered to
and accepted by Lessor, pursuant to the terms of this Lease and any Schedule
hereto, Lessee hereby assumes and shall bear the entire risk of loss, damage,
theft and destruction of the Equipment, or any portion through, from any cause
whatsoever ("Equipment Loss"). Without limitation of the foregoing, no Equipment
Loss shall relieve Lessee in any way from its obligations hereunder. Lessee
shall promptly notify Lessor in writing of any Equipment Loss. In the event of
any such Equipment Loss, Lessee shall: (a) in the event Lessor determines such
Equipment to be repairable, promptly place, at Lessee's expense, the Equipment
in good repair, condition and working order in accordance with Seller's
specifications and to the satisfaction of Lessor; or (b) in the event of an
actual or constructive total loss of any item of Equipment, at Lessor's option:
(i) promptly replace, at Lessee's expense, the Equipment with like equipment of
the same or a later model with the same additions as the Equipment, and in good
repair, condition and working order in accordance with the Seller's
specifications and to the satisfaction of Lessor; or (ii) immediately pay to
Lessor the amount obtained by multiplying the Actual Equipment Cost as specified
in the applicable Schedule by the percentage contained in the applicable
Casualty Schedule for the date of such Equipment Loss plus, any unpaid rentals
or any amounts due hereunder or, if no Casualty Schedule has been made a part of
any applicable Schedule, an amount equal to the present value of the total
amount of unpaid rentals and all other amounts due and to become due under any
applicable Schedule during the term thereof as of the date of any payment,
discounted at a rate equal to discount rate of the Federal Reserve Bank of
Chicago as of the Commencement Date of the Lease with respect to each applicable
Schedule, plus an additional amount equal to the fair market value of the
Equipment immediately prior to the loss, theft, damage, or destruction, but in
no event shall the amount of such fair market value be less than twenty percent
(20%) of the actual cost of the Equipment. In the event Lessee is required to
repair or replace any such item of Equipment pursuant to Subsections (a) or
(b)(i) of the preceding sentence, the insurance proceeds received by Lessor, if
any, pursuant to Section 8, after the use of such funds to pay any unpaid
amounts then due hereunder, shall be paid to Lessee or, if applicable, to a
third party repairing or replacing the Equipment upon Lessee's furnishing proof
satisfactory to Lessor that such repair or replacement has been completed in a
satisfactory manner. In the event Lessor elects option (b)(ii), Lessee shall be
entitled to a credit against the payment required by said Subsection in an
amount equal to such insurance proceeds actually received by Lessor pursuant to
Section 8 on account of such Equipment, and, upon payment by Lessee to Lessor of
all of the sums required pursuant to Subsection (b)(ii), the applicable Schedule
shall terminate with respect to such item of Equipment and Lessee shall be
entitled to whatever interest Lessor may have in such item "as is, where is" and
"with all faults" in its then condition and location without warranties of any
type whatsoever, express or implied.

10. COVENANTS OF LESSEE. LESSEE AGREES THAT ITS OBLIGATIONS UNDER THIS LEASE AND
ANY SCHEDULE HERETO, INCLUDING WITHOUT LIMITATION, THE OBLIGATION TO PAY RENTAL,
ARE IRREVOCABLE AND ABSOLUTE, SHALL NOT ABATE FOR ANY REASON WHATSOEVER
(INCLUDING ANY CLAIMS AGAINST LESSOR), AND SHALL CONTINUE IN FULL FORCE AND
EFFECT REGARDLESS OF ANY INABILITY OF LESSEE TO USE THE EQUIPMENT OR ANY PART
THEREOF FOR ANY REASON WHATSOEVER INCLUDING, WITHOUT LIMITATION, WAR, ACT OF
GOD, STORMS, GOVERNMENTAL REGULATIONS, STRIKE OR OTHER LABOR TROUBLES, LOSS,
DAMAGE, DESTRUCTION, DISREPAIR, OBSOLESCENCE,

                                       5

<PAGE>

FAILURE OF OR DELAY IN DELIVERY OF THE EQUIPMENT, OR FAILURE OF THE EQUIPMENT TO
PROPERLY OPERATE FOR ANY CAUSE. In the event of any alleged claim (including a
claim which would otherwise be in the nature of a set-off) against Lessor,
Lessee shall fully perform and pay its obligations hereunder (including all
rents, without set-off or defense of any kind) and its only exclusive recourse
against Lessor shall be by a separate action. Lessee agrees to furnish promptly
to Lessor the annual financial statements of Lessee (and of any guarantors of
Lessee's performance under this Lease and any Schedule hereto), prepared in
accordance with generally accepted accounting principles and certified by
independent certified public accountants, and such interim financial statements
of Lessee as Lessor may require during the entire term of this Lease and any
Schedule hereto. Lessee, if requested, shall provide at Lessee's expense an
opinion of its counsel acceptable to Lessor affirming the covenants,
representations and warranties of Lessee under this Lease and any Schedule
hereto.

11. REPRESENTATIONS AND WARRANTIES. In order to induce Lessor to enter into this
Lease and any Schedule hereto and to lease the Equipment to Lessee hereunder,
Lessee represents and warrants that: (a) FINANCIAL STATEMENTS. (i) applications,
financial statements, and reports which have been submitted by Lessee and any
Obligors (as hereinafter defined) to Lessor are, and all information hereafter
furnished by Lessee and Obligors to Lessor will be, true and correct in all
material respects as of the date submitted; (ii) as of the date hereof, the date
of any Schedule and any Acceptance Date, there has been no material adverse
change in any matter stated in such applications, financial statements and
reports; and, (iii) none of the foregoing omit or omitted to state any material
fact. (b) ORGANIZATION. Lessee is an organizational entity described on the
signature page hereof and is duly organized, validly existing and is duly
qualified to do business and is in good standing in each state in which the
Equipment will be located. (c) AUTHORITY. Lessee has full power, authority and
right to execute, deliver and perform this Lease and any Schedule hereto, and
the execution, delivery and performance hereof has been authorized by all
necessary action of Lessee. (d) ENFORCEABILITY. This Lease and any Schedule or
other document executed in connection therewith has been duly executed and
delivered by Lessee and any Obligor and constitutes a legal, valid and binding
obligation of Lessee and any Obligor enforceable in accordance with its terms.
(e) CONSENTS. The execution, delivery and performance of this Lease and any
Schedule hereto does not require any approval or consent of any stockholders,
partners or proprietors or of any trustee or holders of any indebtedness or
obligations of Lessee, and will not contravene any law, regulation, judgment or
decree applicable to Lessee, or the certificate of incorporation, partnership
agreement, by-laws or other governing documents of Lessee, or contravene the
provisions of, or constitute a default under, or result in the creation of any
lien upon any property of Lessee under any mortgage, instrument or to her
agreement to which Lessee is a party or by which Lessee or its assets may be
bound or affected. Except as disclosed, no authorization, approval, license,
filing or registration with any court or governmental agency or instrumentality
is necessary in connection with the execution, delivery, performance, validity
and enforceability of this Lease and any Schedule hereto. (f) TITLE. On each
Commencement Date, Lessor shall have good and marketable title to the items of
Equipment which is subject to this Lease and any Schedule hereto on such date,
free and clear of all liens, except the lien of Seller which will be released
upon receipt of payment. Lessee warrants that no party has a security interest
in the Equipment which will not be released on or before payment by Lessor to
Seller of the Equipment and that the Equipment is and shall at all times remain
personal property regardless of how it may be affixed to any real property. (g)
LITIGATION. There is no action, suit, investigation or proceeding by or before
any court, arbitrator, agency or governmental authority pending or threatened
against or affecting Lessee: (i) which involves the Equipment or the
transactions contemplated by this Lease and any Schedule hereto; or (ii) which,
if adversely determined, could have a material adverse effect on the financial
condition, business or operation of Lessee.

12. EVENTS OF DEFAULT. An event of default ("Event of Default") shall occur
hereunder if Lessee or any Obligor ("Obligor" shall include any guarantor or
surety of any obligations of Lessee to Lessor under this Lease and any Schedule
hereto); (i) fails to pay any installment of rent or other payment required
hereunder when due; or (ii) attempts to or does remove from the Premises (except
a relocation with Lessor's consent as provided in Section 5), sell, transfer,
encumber, part with possession of, or sublet any item of the Equipment; or (iii)
shall suffer or have suffered, in the reasonable judgment of Lessor, a material
adverse change in its financial condition since the date of the last financial
statements submitted to Lessor, and as a result thereof Lessor deems itself to
be insecure, or any of the statements or other documents or information
submitted at any time heretofore or hereafter by Lessee or Obligor to

                                       6

<PAGE>

Lessor has misstated or shall misstate or has failed or shall fail to state a
material fact; or (iv) breaches or shall have breached any representation or
warranty made or given by Lessee or Obligor in this Lease or in any other
document furnished to Lessor in connection herewith, or any such representation
or warranty shall be untrue or, by reason of failure to state a material fact or
otherwise, shall be misleading; or (v) fails to perform or observe any other
covenant, condition or agreement to be performed or observed by it hereunder,
and such failure or breach shall continue unremedied for a period of ten days
after the earlier of (a) the date on which Lessee obtains, or should have
obtained knowledge of such failure or breach, or (b) the date on which notice
thereof shall be given by Lessor to Lessee; or (iv) shall become insolvent or
bankrupt or make an assignment for the benefit of creditors or consent to the
appointment of a trustee or receiver, or a trustee or receiver shall be
appointed for a substantial part of its property without its consent, or
bankruptcy or reorganization or insolvency proceeding shall be instituted by or
against Lessee or Obligor; or (vii) conveys, sells, transfers or assigns
substantially all of Lessee's or Obligor's assets or ceases doing business as a
going concern, or, if a corporation, ceases to be in good standing or files a
statement of intent to dissolve, or abandons any or all of the Equipment; or
(viii) shall be in breach of or default under any lease or other agreement at
any time executed with Lessor or any other lessor or with any lender to Lessee
or Obligor.

13. REMEDIES. Upon the occurrence of an Event of Default (the "Default Date")
set forth in Section 12 and at any time thereafter, Lessor may, in its sole and
absolute discretion, do any one or more of the following: (a) upon notice to
Lessee cancel all or any portion of this Lease and some or all Schedules
executed pursuant thereto; (b) enter Lessee's Premises and without removal of
the Equipment, render the Equipment unusable or, require Lessee to assemble the
Equipment and make it available to Lessor at a place designated by Lessor,
and/or dispose of the Equipment by sale or otherwise (all of which
determinations may be made by Lessor in its sole and absolute discretion)
without any duty to account for such action or inaction or for any proceeds or
profits with respect thereto; (c) declare immediately due and payable all sums
due and to become due hereunder for the full term of the Lease (including any
renewal or purchase obligations which Lessee has contracted to pay); (d) with or
without canceling this Lease, recover from Lessee damages, in an amount equal to
the sum of: (i) all unpaid rent and other amounts that became due and payable
on, or prior to, the Default Date, (ii) the present value of all future rentals
and other amounts describe dint he Lease and not included in (i) above
discounted to the Default Date at a rate equal to the discount rate of the
Federal Reserve Bank of Chicago as of the Commencement Date of the Lease with
respect to each Schedule (which discount rate, Lessee agrees is a commercially
reasonable rate which takes into account the facts and circumstances at the time
such Schedule commenced), (iii) all commercially reasonable costs and expenses
incurred by Lessor in enforcing Lessor's rights under this Lease or defending
against any claims or defenses asserted by or through Lessee, including but not
limited to, costs of repossession, recovery, storage, repair, sale, re-lease and
reasonable attorneys' fees, (iv) the estimated residual value of the Equipment
as of the expiration of the Lease, (v) any indemnity amount payable to Lessor;
and (vi) interest on all of the foregoing from the Default Date until the date
payment is received by Lessor at 2 1/2% in excess of the Prime Rate (or its
equivalent) per annum in effect on the date of such payment at the First
National Bank of Chicago) or the highest rate permitted by law, whichever is
less; (e) exercise any other rights or remedy which may be available to it under
the Uniform Commercial Code or any other applicable law. Lessor reserves the
right, in its sole and absolute discretion, to release or sell any or all of the
Equipment at a public auction or in a private sale, at such time, on such terms
and with such notice as Lessor shall in its sole and absolute discretion deem
reasonable. In such event, without any duty on Lessor's part to effect any such
re-lease or sale of the Equipment, Lessor will credit the present value of any
proceeds from such sale or re-lease actually received and retainable by it (net
of any and all costs or expenses) discounted from the date of Lessor's receipt
thereof to the Default Date at 2 1/2% in excess of the Prime Rate (or its
equivalent) per annum in effect on the date of such payment at the First
National Bank of Chicago, or the highest rate permitted by law, whichever is
less to the amounts due to Lessor from Lessee under the provisions of (c), (d)
and/or (e) above. A cancellation of this Lease shall occur only upon notice by
Lessor and only as to such items of Equipment as Lessor specifically elects to
cancel and this Lease shall continue in full force and effect as to the
remaining items of Equipment, if any. If this Lease and/or any Schedule is
deemed at any time to be one intended as security, Lessee agrees that the
Equipment shall secure, in addition to the indebtedness set forth herein, any
other indebtedness at any time owing by Lessee to Lessor. No remedy referred to
in this Section is intended to be exclusive, but shall be cumulative and in
addition to any other remedy referred to above or otherwise

                                       7

<PAGE>

available to Lessor at law or in equity. NO express or implied waiver by Lessor
of any default shall constitute a waiver of any other default by Lessee or a
waiver of any of Lessor's rights.

14. ASSIGNMENT BY LESSOR. LESSOR MAY (WITH OR WITHOUT NOTICE TO LESSEE) SELL,
TRANSFER, ASSIGN OR GRANT A SECURITY INTEREST IN ALL OR ANY PART OF ITS INTEREST
IN THIS LEASE, ANY SCHEDULE, ANY ITEMS OF EQUIPMENT OR ANY AMOUNT PAYABLE
HEREUNDER. In such an event, Lessee shall, upon receipt of notice, acknowledge
any such sale, transfer, assignment or grant of a security interest and shall
pay its obligations hereunder or amounts equal thereto to the respective
transferee, assignee or secured party in the manner specified in any
instructions received from Lessor. Notwithstanding any such sale, transfer,
assignment or grant of a security interest by Lessor and so long as no event of
default shall have occurred hereunder, neither Lessor nor any transferee,
assignee or secured party shall interfere with Lessee's right of use or quiet
enjoyment of the Equipment. In the event of such sale, transfer, assignment or
grant of a security interest in all or any part of this Lease and any Schedule
hereto, or in the Equipment or in sums payable hereunder, as aforesaid, Lessee
agrees to execute such documents as may be reasonably necessary to evidence,
secure and complete such sale, transfer, assignment or grant of a security
interest and to perfect the transferee's, assignee's or secured party's interest
therein, and Lessee further agrees that the rights of any transferee, assignee
or secured party shall not be subject to any defense, set-off or counterclaim
that Lessee may have against Lessor or any other party, including the Seller,
which defenses, set-offs and counterclaims shall be asserted only against such
party, and that any such transferee, assignee or secured party shall have all of
Lessor's rights hereunder, but shall assume none of Lessor's obligations
hereunder. Lessee agrees that Lessor may assign or transfer this Lease or
Lessor's interest in the Equipment even if said assignment or transfer could be
deemed to materially affect the interests of Lessee. Nothing in the preceding
sentence shall affect or impair the provisions of Section 4, Section 10 or any
other provisions of this Lease.

15. AMENDMENTS. This Lease and any Schedule hereto contain the entire agreement
between the parties with respect to the Equipment, this Lease and any Schedule
hereto and there is no agreement or understanding, oral or written, which is not
set forth herein. This Lease and any Schedule hereto may not be altered,
modified, terminated or discharged except by a writing signed by the party
against whom such alteration, modification, termination or discharge is sought.

Lessee's Initials _______

16. LAW. This Lease and any Schedule hereto shall be binding only when accepted
by Lessor at its corporate headquarters in Illinois and shall in all respects be
governed and construed, and the rights and the liabilities of the parties hereto
determined, except for local filing requirements, in accordance with the laws of
the State of Illinois. LESSEE WAIVES TRIAL BY JURY AND SUBMITS TO THE
JURISDICTION OF THE FEDERAL DISTRICT COURTS OF COMPETENT JURISDICTION OR ANY
STATE COURT WITHIN THE STATE OF NEW JERSEY AND WAIVES ANY RIGHT TO ASSERT THAT
ANY ACTION INSTITUTED BY LESSOR IN ANY SUCH COURT IS IN THE IMPROPER VENUE OR
SHOULD BE TRANSFERRED TO A MORE CONVENIENT FORUM.

17. INVALIDITY. In the event that any provision of this Lease and any Schedule
hereto shall be unenforceable in whole or in part, such provisions shall be
limited to the extent necessary to render the same valid, or shall be exercised
from this Lease or any Schedule hereto, as circumstances may require, and this
Lease and the applicable Schedule shall be construed as if said provision had
been incorporated herein as so limited, or as if said provision had not been
included herein, as the case may be without invalidating any of the remaining
provisions hereof.

18. SECURITY INTEREST. As security for the full and prompt payment and
performance of all present and future liabilities and obligations of Lessee or
Lessor under this Agreement and the Lease, Lessee grants to Lessor a security
interest in all Lessee's rights and interest in the Equipment and all proceeds
and products thereof.

19. MISCELLANEOUS. All notices and demands relating hereto shall be in writing
and mailed by certified mail, return receipt requested, to Lessor or Lessee at
their respective addresses above or shown in the Schedule, or at any other
address designated by notice served in accordance herewith. Notice shall become
effective when deposited in the United States mail, with proper postage prepaid,
addressed to the party intended to be served at the address designated herein.
All obligations of Lessee shall survive the termination or expiration of this
Lease and any Schedule hereto. Should Lessor permit use by Lessee

                                       8

<PAGE>

of any Equipment beyond the Minimum Lease Term, or, if applicable, any exercised
extension or renewal term, the lease obligations of Lessee shall continue and
such permissive use shall not be construed as a renewal of the term thereof, or
as a waiver of any right or continuation of any obligation of Lessor hereunder,
and Lessor may take possession of any such Equipment at any time upon demand. If
more than once Lessee is named in this Lease, the liability of each shall be
joint and several. Lessee shall, upon request of Lessor from time to time,
perform all acts and execute and deliver to Lessor all documents which Lessor
deems reasonably necessary to implement this Lease and any Schedule hereto,
including, without limitation, certificates addressed to such persons as Lessor
may direct stating that this Lease and the Schedule hereto is in full force and
effect, that there are no amendments or modifications thereto, that Lessor is
not in default hereof or breach hereunder, setting forth the date to which
rentals due hereunder have been paid, and stating such other matters as Lessor
may request, This Lease and any Schedule hereto shall be binding upon the
parties and their successors, legal representatives and assigns. Lessee's
successors and assigns shall include, without limitation, a receiver,
debtor-in-possession, or trustee of or for Lessee. If any person, firm,
corporation or other entity shall guarantee this Lease and the performance by
Lessee of its obligations hereunder, all of the terms and provisions hereof
shall be duly applicable to such Obligor. Lessee shall, at its expense and upon
Lessor's demand, promptly execute, acknowledge, deliver, file, register and
record any and all further documents and take any and all other action
reasonably requested by Lessor from time to time, for the purpose of fully
effectuating the intent and purposes of each Lease Schedule, and to protect the
interests of Lessor, its successors and assigns. Lessor may file a copy f this
Lease Agreement in lieu of a financing statement.

20. LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby
waives any and all rights and remedies conferred upon a Lessee by Article 2A of
this Uniform Commercial Code as adopted in any jurisdiction, including but not
limited to Lessee's rights to: (i) cancel this Lease; (ii) repudiate this Lease;
(iii) reject the Equipment; (iv) revoke acceptance of the Equipment; (v) recover
damages from Lessor for any breaches of warranty or for any other reason; (vi)
claim a security interest in the Equipment in Lessee's possession or control for
any reason (vii) deduct all or any party of any claimed damages resulting from
Lessor's default, if any, under this Lease; (viii) accept partial delivery of
the Equipment (ix) "cover" by making any purchase or lease of or contract to
purchase or lease Equipment in substitution for those due from Lessor; (x)
recover any general, special, incidental, or consequential damages for any
reason whatsoever; and (xi) specific performance, replevin, detinue,
sequestration, claim, and delivery of the like for ant Equipment identified to
this Lease. To the extent permitted by applicable law, Lessee also hereby waives
any rights now or hereafter conferred by statute or otherwise which may require
Lessor to sell, lease or otherwise use any Equipment in mitigation of Lessor's
damages as set forth in Paragraph 13 or which may otherwise limit or modify any
of Lessor's rights or remedies under Paragraph 13 or which may otherwise limit
or modify any of Lessor's rights or remedies under Paragraph 13 or which may
otherwise limit or modify any of Lessor's rights or remedies under Paragraph 13.
Any action by Lessee against Lessor for any default by Lessor under this Lease,
including breach of warranty or indemnity, shall be commenced within one (1)
year after any such cause of action accrues.

21. COUNTERPARTS. This Lease may be executed in any number of counterparts, each
of which shall be deemed an original. Each Schedule shall be executed in three
(3) serially numbered counterparts each of which shall be deemed an original but
only counterpart number 1 shall constitute "chattel paper" or "collateral"
within the meaning of the Uniform Commercial Code in any jurisdiction.

22. ADDENDUM. ("X" if applicable) [____] See Addendum (s) attached hereto and
made a part hereof.

                                       9

<PAGE>

THE PERSON EXECUTING THIS LEASE FOR AND ON BEHALF OF LESSEE WARRANTS AND
REPRESENTS, WHICH WARRANTY AND REPRESENTATION SHALL SURVIVE THE EXPIRATION OR
TERMINATION OF THIS LEASE, THAT THIS LEASE AND THE EXECUTION HEREOF HAS BEEN
DULY AND VALIDLY AUTHORIZED BY LESSEE, CONSTITUTES A VALID AND BINDING
OBLIGATION OF LESSEE AND THAT HE HAS AUTHORITY TO MAKE SUCH EXECUTION FOR AND ON
BEHALF OF LESSEE.

IN WITNESS WHEREOF, this Lease has been executed by Lessee this 28th day of
April, 1999.

                                                   ACCEPTED AT CHICAGO, ILLINOIS
                                                   Newcourt Financial USA Inc.

Genaissance Pharmaceuticals, Inc.
(Lessee) (a Delaware Corporation)                  (Lessor)

By: Kevin Rakin                                    By: John A. Avallis

Title: Chief Financial Officer                     Title: VP Operations

<PAGE>

                 CORPORATE RESOLUTION AND INCUMBENCY CERTIFICATE

The undersigned certifies to Newcourt Financial USA Inc. that the following
resolutions were duly adopted by the Board of Directors of Genaissance
Pharmaceuticals, Inc., a corporation existing under the laws of Delaware, at
a meeting duly held on April 15, 1999 at which meeting a quorum was present
and acting throughout, that the same have not been modified or rescinded and
are not in conflict with any provision of the certificate of incorporation,
by-laws or any agreement of said corporation:

         "RESOLVED, that this Corporation is authorized and empowered to borrow
         and/or obtain credit from, and/or enter into other financial equipment,
         the borrowing of funds, the granting of security interests in property
         of every description belonging to this Corporation, and the sale of
         property now or hereafter owned by this Corporation and the lease back
         of any such property), all such transactions to be on such terms and
         conditions as may be mutually agreed from time to time between this
         Corporation and Newcourt, and each and any officer of this Corporation
         is authorized, in the name and on behalf of this Corporation, to
         execute and deliver to Newcourt such leases, promissory notes, chattel
         mortgages, security agreements, financing statements, bills of sale
         and/or other agreements, instruments and documents in connection with
         such transactions, containing such terms and conditions as may be
         approved by the officer executing such document, such officer's
         execution thereof to be deemed conclusive evidence of such approval and
         of such officer's authority to do so; and it is further

         RESOLVED, that each and any officer of this Corporation is authorized,
         in the name and on behalf of this Corporation, to execute and deliver
         to Newcourt such other agreements, instruments and documents and take
         such other actions as such officer may deem necessary or advisable to
         effectuate and perform the transactions contemplated by the foregoing
         resolution, and the Secretary or any Assistant Secretary of this
         Corporation is authorized to certify a copy of these resolutions to
         Newcourt."

The undersigned further certifies that the persons designated below as officers
of the Corporation have been duly elected to and now hold the offices of this
Corporation set opposite their respective names, and that the following are the
authentic, official signatures of the said respective officers and of the named
signatories who are not corporate officers, to wit:

     President            Gualberto Ruano                /s/ Gualberto Ruano
                     ------------------------         ------------------------
                            Printed Name                      Signature

     Vice President         Kevin Rakin                    /s/ Kevin Rakin
                     ------------------------         ------------------------
                            Printed Name                      Signature

<PAGE>

     Treasurer              Kevin Rakin                    /s/ Kevin Rakin
                     ------------------------         ------------------------
                            Printed Name                        Signature

     Secretary              Kevin Rakin                    /s/ Kevin Rakin
                     ------------------------         ------------------------
                            Printed Name                        Signature

Signed and sealed this 28th day of April, 1999.

(Please affix)                                             /s/ Kevin Rakin
(CORPORATE SEAL HERE)                                 ------------------------
X                                                             Secretary

                                                      By: /s/ Gualberto Ruano
                                                          --------------------
                                                          Title: President

                      Schedules to be filed by amendment

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