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                                                                    EXHIBIT 10.6

                   TECHNOLOGY ASSIGNMENT AND LICENSE AGREEMENT

               THIS TECHNOLOGY ASSIGNMENT AND LICENSE AGREEMENT (the
"AGREEMENT") is made and entered into effective as of April 28, 2000 (the
"EFFECTIVE DATE") by and between AXYS PHARMACEUTICALS, INC., a Delaware
corporation with offices at 180 Kimball Way, South San Francisco, CA 94080
("AXYS"), and AXYS ADVANCED TECHNOLOGIES, INC., a Delaware corporation with
offices at 180 Kimball Way, South San Francisco, CA 94080 ("AAT"). Each of Axys
and AAT may be referred to herein individually as a "Party" and jointly as the
"Parties."

                                    RECITALS

               WHEREAS, AAT is a wholly-owned subsidiary of Axys, and Axys is
willing to assign to AAT all its right, title and interest in and to certain
Axys proprietary technology, intellectual property and other business assets
useful for the practice of combinatorial chemistry, and AAT is willing to grant
to Axys a limited license under such technology and intellectual property solely
for Axys' internal drug discovery, development and commercialization business
activities, all on the terms set forth below; and

               WHEREAS, Axys intends, forthwith after entering into this
Agreement, to sell AAT to Discovery Partners International, Inc. ("DPII") via a
reverse triangular merger;

               NOW, THEREFORE, in consideration of the foregoing and the
covenants and promises contained herein, the Parties hereby agree as follows:

1.      DEFINITIONS

               1.1 "AAT CONTRACTS" means the agreements set forth on Schedule
1.1 hereto.

               1.2 "ADDITIONAL CHEMISTRY ASSETS" means the tangible assets owned
by Axys that are being used by AAT as of the Effective Date and/or had
heretofore been used in Axys' or AAT's combinatorial chemistry business and that
were not previously assigned or otherwise transferred to AAT, all of which are
rlisted in Schedule 1.2 attached hereto.

               1.3 "AFFILIATE" means, with respect to a particular Party,
another corporation, partnership or similar entity that controls, is controlled
by or is under common control with such Party, but in any case, only for the
duration of the period that such other corporation, partnership or similar
entity controls, is controlled by or is under common control with such Party.
For the purposes of the definition in this Section 1.3, the word "control"
(including, with correlative meaning, the terms "controlled by" or "under the
common control with") means the ownership of at least fifty percent (50%) of the
voting stock (or voting or membership interest, if not a corporation) of such
entity. For the purposes of clarification, it is the parties' intent that if a
corporation, partnership or similar entity ceases to control, be controlled by
or be under common control with a particular Party, such entity shall, at the
time such control relationship ceases, cease to have any rights under this
Agreement, including, without limitation, any license rights

                                       1.
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granted pursuant to this Agreement. Notwithstanding the foregoing, Axys and AAT
shall be deemed not to be Affiliates of each other.

               1.4 "ASSIGNED CONTRACTS" means the agreements set forth on
Schedule 1.4 hereto, which are assigned to AAT by Axys pursuant to Section
2.1(c).

               1.5 "ASSIGNED KNOW-HOW" means the Information that is Controlled
by Axys as of the Effective Date, including, without limitation, the Information
identified generally in Schedule 1.5 attached hereto, which is necessary to or
used by AAT in its current combinatorial chemistry business, but excluding the
Assigned Protocols and Licensed Technology.

               1.6 "ASSIGNED PATENTS" means those patents and patent
applications set forth in Schedule 1.6 hereto, and including any and all rights
that are Controlled by Axys as of the Effective Date with respect to such
patents and patent applications, including without limitation the rights to
enforce and file divisional, continuation, continuation-in-part, substitution,
reissue, reexamination, and extension and foreign equivalent applications
thereof.

               1.7 "ASSIGNED PROTOCOLS" means the Protocols Controlled by Axys
that are set forth in Schedule 1.7 hereto, and all trade secret and other
intellectual property rights in such Protocols that are Controlled by Axys as of
the Effective Date.

               1.8 "ASSIGNED SOFTWARE" means the computer software programs, in
object code and, to the extent Controlled by Axys, source code forms, that are
either owned by Axys or licensed to Axys and are described generally in Schedule
1.8 hereto, and all documentation for such programs in Axys' possession as of
the Effective Date, and all copyright and other intellectual property rights in
any of the foregoing that are Controlled by Axys as of the Effective Date. In
addition, for purposes of Section 2.2 and Article 6, "Assigned Software" (and
therefore also "Assigned Technology" and "Confidential Information") shall
include the Post-Effective-Date computer software programs, in object code form,
and all documentation for such programs (other than source code), and all
copyright and other intellectual property rights, pertaining to the improved
user interface which AAT currently proposes to develop between the Effective
Date and December 31, 2000 for free delivery to counterparties under the AAT
Contracts.

               1.9 "ASSIGNED TECHNOLOGY" means the Assigned Patents, the
Assigned Know-How, the Assigned Protocols, and the Assigned Software.

               1.10 "COLLABORATION" means a collaboration agreement or similar
agreement establishing a strategic alliance between Axys (or its Affiliate) and
a third party corporate (or other business) entity, where the primary goal of
such agreement is the collaborative discovery and/or development of drug
candidates based on research directed at one or more particular targets or
disease areas and where it is anticipated that the role of Axys (or its
Affiliate):

                    (a) will not involve only the provision of compounds and/or
Protocols received under this Agreement or the Compound Purchase Agreement; and

                                       2.
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                    (b) will involve a significant application of other Axys (or
its Affiliate's) technology or drug discovery expertise and/or significant
efforts by Axys (or its Affiliate's) employees.

               1.11 "COLLABORATION EXCEPTION" means use of combinatorial
chemistry technology to design and synthesize compounds as part of a
Collaboration and use of such compounds within the scope of such Collaboration.

               1.12 "CONTROLLED" means, with respect to any material,
Information or intellectual property right, that Axys owns or has a license to
such material, Information or intellectual property right with the right to
assign or license (as applicable) such material, Information or intellectual
property right as provided herein without violating any agreement with a third
party.

               1.13 "INFORMATION" means information and data of any type and in
any tangible or intangible form, including without limitation inventions, works
of authorship, plans, designs, practices, methods, techniques, specifications,
production technical operating procedures, standard operating procedures,
protocols under development, formulations, software, formulae, knowledge,
know-how, skill, experience, test data, analytical and quality control data,
stability data, results of studies and patent and other legal information or
descriptions.

               1.14 "LICENSED GENERAL KNOW-HOW" means Information that is
Controlled by Axys as of the Effective Date which is now being used by Axys in
areas other than combinatorial chemistry, as well as being used in AAT's
combinatorial chemistry business.

               1.15 "LICENSED PATENTS" means those patents and patent
applications (if any) that are Controlled by Axys as of the Effective Date
(including divisional, continuation, continuation-in-part, substitution,
reissue, reexamination, and extension and foreign equivalent applications
thereof) and are now being used by Axys in areas other than combinatorial
chemistry, as well as being used in AAT's combinatorial chemistry business.

               1.16 "LICENSED SOFTWARE" means the computer software programs (if
any), in object code and, to the extent Controlled by Axys, source code forms,
that are Controlled by Axys (and including all documentation for such programs
in Axys' possession as of the Effective Date, and all copyright and other
intellectual property rights in any of the foregoing that are Controlled by Axys
as of the Effective Date), and are now being used by Axys in areas other than
combinatorial chemistry, as well as being used in AAT's combinatorial chemistry
business.

               1.17 "LICENSED TECHNOLOGY" means the Licensed Patents, the
Licensed General Know-How and the Licensed Software. It is intended that the
difference between items identified as Assigned Technology and the items
assigned as Licensed Technology is that the patents, software, and Information
within the Licensed Technology are those now being used by Axys in areas other
than combinatorial chemistry, as well as being used in AAT's combinatorial
chemistry business.

               1.18 "LIMITATION" means that Axys (and its Affiliates and
permitted sublicensees) shall be entitled to use the Assigned Technology and
(within the combinatorial chemistry field of use) the Licensed Technology for,
but only for, work performed by Axys and

                                       3.
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its Affiliates within their respective facilities (or, in the case of a
permitted sublicense under Section 2.2, by the permitted sublicensee within the
permitted sublicensee's facilities) as part of Axys' (or its Affiliates')
internal research and/or development work in the area of drug discovery,
development and commercialization or by Axys or its Affiliates and/or one of
their Collaboration partners within the scope of the Collaboration Exception. It
is understood and agreed the scope of the Limitation does not permit Axys (or
its Affiliate or sublicensee) to transfer to any third party any library or
collection of compounds created in connection with Axys' or a permitted
sublicensee's use of the Assigned Technology or the Licensed Technology, except
to a Collaboration partner in connection with the Collaboration Exception, or to
the successor in interest of Axys pursuant to assignment of this Agreement under
Section 7.4. Included within the Limitation are the restrictions on sublicensing
included in Section 2.2 and the restrictions on use included in Section 2.3(b).
It is understood that any drug or pharmaceutical or diagnostic compound
developed based on the foregoing use may be commercialized for any and all
prophylactic, therapeutic and diagnostic uses, with the further understanding
that such commercial use is not as part of a library or collection of compounds
sold or otherwise transferred to a third party for screening or other similar
discovery uses.

               1.19 "PROTOCOL" means a detailed set of combinatorial chemistry
synthetic methods and standard operating procedures designed to be used for
synthesizing a set of related compounds using combinatorial chemistry
techniques.

2.      TECHNOLOGY LICENSES AND ASSET TRANSFER

               2.1 ASSIGNMENT OF ASSETS.

                   (a) Axys hereby assigns to AAT all its right, title and
interest in and to the Assigned Technology and the Additional Chemistry Assets.
Axys assigns the Assigned Technology and the Additional Chemistry Assets to AAT,
and AAT hereby accepts such assets as of the Effective Date, "AS IS" and "WHERE
IS" and without any warranty and expressly subject to Sections 4.2 and 4.3.

                   (b) The assignment of assets under subsection (a) is pursuant
to an executed Bill of Sale, Assignment of Patents and Patent Applications,
Assignment of Trademark Applications and Assignment of Copyrights, each in the
form attached hereto as Schedule 2.1(b) and delivered by Axys to AAT
simultaneously with the execution and delivery of this Agreement. Axys further
agrees to undertake all additional actions and execute and deliver all
additional documents and instruments reasonably requested by AAT from time to
time to perfect AAT's title in and to the Assigned Technology and the Additional
Chemistry Assets.

                   (c) Effective as of and after the Effective Date, Axys hereby
assigns to AAT all of Axys' rights, claims and benefits (except as otherwise
provided in subsection (d)), and delegates all its obligations, responsibilities
and liabilities under the Assigned Contracts, and AAT hereby assumes and agrees
to perform all Axys' obligations, responsibilities and liabilities and agrees to
accept all Axys' rights, claims and benefits (except as otherwise provided in
subsection (d)), under the Assigned Contracts. If the counterparty's consent is
required but not obtained, Axys shall enforce and receive all rights, claims and
benefits in trust for AAT, and deliver over any cash or assets arising therefrom
to AAT upon request.

                                       4.
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                   (d) The rights in the Assigned Technology assigned to AAT
under Section 2.1(a) are expressly subject to any and all license rights that
Axys has previously granted to third parties identified on Schedule 2.1(d),
under the contracts specified on Schedule 2.1(d), with respect to such
technology and intellectual property rights, to the extent and so long as such
license rights remain in force.

                   (e) All notebooks, documents, memoranda, reports, files,
books, correspondence, lists and other written and graphic records relating to
the combinatorial chemistry business, which Axys or its employees, agents or
consultants prepared, used or constructed directly in the course of and pursuant
to the conduct of Axys' combinatorial chemistry business prior to the Effective
Date (collectively, "Business Materials") shall be AAT's exclusive property, and
Axys hereby agrees to deliver all Business Materials promptly to AAT at AAT's
request.

               2.2 LICENSE GRANT TO AXYS.

                   (a) AAT hereby grants to Axys and Axys' Affiliates the
non-exclusive, world-wide, fully paid-up, irrevocable, perpetual, royalty-free
license, with the limited right to grant sublicenses as provided below, to use,
practice and commercially exploit the Assigned Technology within the scope of
the Limitation and not otherwise.

                   (b) Neither Axys nor its Affiliates may sublicense to third
parties the rights licensed under this Section 2.2, except (i) to third party
contractors for the performance of work, within the scope of the Limitation and
not otherwise, paid for by Axys (or its Affiliate) and on Axys' (or its
Affiliate's) behalf or (ii) to one or more Collaboration partners of Axys (or
its Affiliate) for the performance of work pursuant to the applicable
Collaboration within the Collaboration Exception, and not otherwise, in either
case pursuant to appropriate written non-disclosure and limitation-of-use
agreements.

                   (c) The license rights under this Section 2.2 may be assigned
to a successor in interest of Axys pursuant to assignment of this Agreement by
Axys as permitted under Section 7.4, but may not otherwise be assigned. Axys and
its Affiliates and permitted sublicensees shall not transfer to any third party
any library or collection of compounds made by practicing the Assigned
Technology as permitted hereunder except in connection with a Collaboration
Exception or to the successor in interest of Axys pursuant to assignment of this
Agreement under Section 7.4.

               2.3 LICENSE GRANT TO AAT.

                   (a) Axys hereby grants to AAT the non-exclusive (subject to
subsection 2.3(b)), world-wide, fully-paid-up, irrevocable, perpetual,
royalty-free, assignable, sublicensable license to use, practice and
commercially exploit the Licensed Technology solely in the field of
combinatorial chemistry and not otherwise. It is understood that Axys and its
Affiliates retain the non-exclusive rights under the Licensed Technology within
the field of combinatorial chemistry solely for use within the scope of the
Limitation, and retain exclusively all rights to the Licensed Technology outside
the field of combinatorial chemistry.

                                       5.
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                   (b) During the "Term," as such term is defined in that
certain Non-Competition and Non-Disclosure Agreement of even date herewith
between Axys and DPII, Axys agrees not to use, practice or commercially exploit
the Licensed Technology in the field of combinatorial chemistry except within
the scope of the Limitation. AAT agrees not to use, practice or commercially
exploit the Licensed Technology except within the field of combinatorial
chemistry.

               2.4 USER INTERFACE TECHNOLOGY TRANSFER. At the same time as AAT
delivers to the counterparties under the AAT Contracts the improved user
interface program (and documentation) described in the last sentence of Section
1.8, it shall also deliver the items described in such last sentence of Section
1.8 to Axys (subject to Section 2.2 and Article 6).

               2.5 COMPOUND TRANSFER. AAT covenants that it shall provide to
Axys, promptly after its request, at least six micromoles of each compound
produced by AAT prior to the Effective Date, without further charge, but
excluding any compounds for which Axys has already received at least six
micromoles prior to the Effective Date. Such compounds shall be included within
the scope of the license rights granted to Axys under Section 2.2 hereof. The
Parties agree that in the event that any such requested compounds are not
available in the inventory of AAT, AAT will supply to Axys at least six
micromoles of other compounds produced by AAT, such compounds to be selected by
the good faith discussion of the Parties, such that AAT is not obligated to
resynthesize any of the earlier-created compounds.

3.      INTELLECTUAL PROPERTY MATTERS

               3.1 INFRINGEMENT BY THIRD PARTIES. AAT shall have the sole and
exclusive right to bring and control any action or proceeding with respect to
infringement of any patents owned by AAT, including without limitation the
Assigned Patents, at its own expense and by counsel of its own choice.

               3.2 ALLEGATION OF INFRINGEMENT BY THIRD PARTIES. Each Party shall
be solely responsible for responding to any claim or allegation of infringement
made by a third party against such Party based on its post-Effective-Date
actions or activities.

4.      REPRESENTATIONS AND WARRANTIES

               4.1 MUTUAL REPRESENTATIONS AND WARRANTIES. Each Party hereby
represents and warrants to the other Party that, as of the Effective Date:

                   (a) such Party is duly organized and validly existing under
the laws of the state of its incorporation and has full corporate power and
authority to enter into this Agreement and to carry out the provisions hereof;

                   (b) such Party has taken all corporate action necessary to
authorize the execution and delivery of this Agreement and the performance of
its obligations under this Agreement; and such execution, delivery and/or
performance does not violate any law, regulation, permit held by such Party, or
contract to which such Party is a party;

                                       6.
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                   (c) this Agreement is a legal and valid obligation of such
Party, binding upon such Party and enforceable against such Party in accordance
with the terms of this Agreement, except as such enforcement may be limited by
applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or
other similar laws affecting creditors' rights, and subject to general equity
principles and to limitations on availability of equitable relief, including
specific performance; and

                   (d) it has the right to enter into this Agreement and to
grant the rights granted herein.

               4.2 DISCLAIMER. AAT hereby accepts and assumes title to all the
Assigned Technology and the Additional Chemistry Assets, and a license to the
Licensed Technology, "AS IS" and "WHERE IS" without any warranties of any kind,
either express or implied. AXYS HEREBY DISCLAIMS ANY AND ALL WARRANTIES, EITHER
EXPRESS OR IMPLIED, WITH RESPECT TO THE ADDITIONAL CHEMISTRY ASSETS, THE
ASSIGNED TECHNOLOGY AND THE LICENSED TECHNOLOGY, INCLUDING WITHOUT LIMITATION
ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND
NON-INFRINGEMENT.

               4.3 EXPLANATION. It is understood that, in connection with the
sale of AAT by Axys to DPII, Axys will make, in certain other agreements
relating to such sale, certain representations, warranties and covenants for the
benefit of DPII with respect to (among other things) the Assigned Contracts, the
Assigned Technology, the Additional Chemistry Assets and the Licensed
Technology, and grant DPII certain indemnification and other rights and remedies
with respect to such representations, warranties and covenants. This Agreement's
disclaimers, limitations, quitclaim provisions and "AS IS, WHERE IS" provisions
are not intended to affect or diminish such representations, warranties,
covenants, rights and remedies set forth in such other agreements, but merely to
ensure that any liability of Axys to DPII after such sale shall arise primarily
under and to the extent defined in such agreements between Axys and DPII instead
of under this Agreement. Nonetheless, any liability of Axys to AAT under the
express terms of this Agreement may also be enforced by AAT after a sale to
DPII.

5.      TERM AND TERMINATION

               5.1 TERM. The Agreement shall commence on the Effective Date and
continue in force thereafter indefinitely.

6.      CONFIDENTIALITY

               6.1 LIMITATIONS ON CONFIDENTIAL INFORMATION. As used herein,
"Confidential Information" means (a) confidential and proprietary Information
within the Assigned Technology that is or has been transferred or disclosed by
Axys to AAT plus any confidential and proprietary Information that AAT may
subsequently disclose to Axys hereunder and (b) the Compound Information as such
term is defined in the Compound Purchase Agreement between the Parties of even
date herewith. Axys understands that maintenance of the confidential nature of
the Confidential Information may be important to AAT's future use, practice and
commercial exploitation of the rights granted to AAT under this Agreement, and
thus Axys agrees that it

                                       7.
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shall use reasonable efforts to preserve the confidentiality of such
Confidential Information and not to publish it, or otherwise disclose it to
third parties except under appropriate written confidentiality and
limitation-of-use agreements for the purposes of exercising its limited
sublicense rights under Section 2.2 of this Agreement or Sections 2.2, 2.3 and
4.1 of the Compound Purchase Agreement.

               6.2 EXCEPTIONS. The obligations set forth in Section 6.1 shall
not apply to any Information that Axys can demonstrate by competent written
evidence:

                   (a) is or becomes generally available to the public or
otherwise part of the public domain other than through any act or omission of
Axys in breach of this Agreement;

                   (b) is independently developed by Axys or its Affiliate
without using any of the Confidential Information or any other Information
previously transferred by Axys to AAT; or

                   (c) is disclosed to Axys by a third party that has no
obligation not to disclose such Information to Axys.

               6.3 PERMITTED DISCLOSURE. Notwithstanding the limitations in this
Article 6, Axys may disclose Confidential Information to the extent such
disclosure is reasonably necessary in the following instances, but solely for
the limited purpose of such necessity:

                   (a) filing or prosecuting patent applications which Axys is
allowed to file or prosecute;

                   (b) regulatory and tax filings;

                   (c) defending litigation or (subject to AAT's prior written
consent) prosecuting litigation; and

                   (d) complying with applicable governmental laws or
regulations or valid court orders.

               Notwithstanding the foregoing, in the event Axys is required to
make a disclosure of the Confidential Information pursuant to subsections 6.3(a)
- (d), it will give reasonable advance notice to AAT of such disclosure and
endeavor in good faith to secure confidential treatment of such information. In
any event, the Parties agree to take all reasonable action to limit or avoid
disclosure of Confidential Information hereunder. Further, the Parties agree to
consult with one another on the provisions of this Agreement to be redacted in
any filings made by a Party with the United States Securities and Exchange
Commission or as otherwise required by law.

7.      MISCELLANEOUS

               7.1 GOVERNING LAW. This Agreement shall be governed by the laws
of the State of California that apply to contracts negotiated, executed and
performed within the State of California.

                                       8.
<PAGE>   9

               7.2 ENTIRE AGREEMENT. This Agreement constitutes the entire,
final and complete agreement and understanding between the Parties with respect
to the subject matter hereof, and replaces and supersedes all prior discussions
and agreements between the Parties with respect to such subject matter. In
particular, but without limiting the foregoing, the Parties hereby agree that
the Limited Technology and License Agreement, dated as of June, 1999, between
the Parties is hereby terminated. No amendment, modification or waiver of any
terms or conditions hereof shall be effective unless made in writing and signed
by a duly authorized officer of each Party.

               7.3 FURTHER AGREEMENTS. Each Party agrees to execute, acknowledge
and deliver such further instruments and to do all such other acts as may be
necessary or appropriate in order to carry out the purposes and intent of this
Agreement.

               7.4 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon
each of the Parties, their successors and assigns. Axys shall not be entitled to
assign the benefits of this Agreement to any Party without the prior
post-Effective-Date written consent of AAT, which consent shall not be
unreasonably withheld; provided, however, such consent shall not be required for
an assignment to the successor in interest of Axys in connection with the
merger, acquisition, or consolidation of Axys or the sale of all or
substantially all of the assets of Axys. Any assignment in contravention of this
Section 7.4 shall be null, void and of no effect.

               7.5 HEADINGS. The headings of the several sections are inserted
for convenience of reference only and are not intended to be a part of or to
affect the meaning or interpretation of this Agreement.

               7.6 NOTICE. All notices required or permitted to be given under
this Agreement shall be in writing and shall be mailed by registered or
certified mail, or delivered by a nationally recognized overnight courier, or
delivered by hand to the address set forth in the first paragraph of this
Agreement, to the attention of the party's President. All notices shall be
deemed to have been given two (2) business days after such notice is mailed, as
evidenced by the postmark at the point of mailing, or on the date of personal
delivery, if not mailed.

               7.7 COUNTERPARTS. This Agreement may be executed in counterparts,
each of which shall be an original and all of which shall constitute together
the same document.

               7.8 SEVERABILITY. If a court of competent jurisdiction declares
any provision of this Agreement invalid or unenforceable, or if any government
or other agency having jurisdiction over either AAT or Axys deems any provision
to be contrary to any laws, then that provision shall be severed and the
remainder of the Agreement shall continue in full force and effect. The Parties
further agree to negotiate in good faith with the intention of agreeing to and
implementing an amendment to replace such void, invalid, unenforceable, or
unlawful provision with a valid and enforceable provision that will achieve, to
the extent possible, the economic, business and other purposes of such void,
invalid, unenforceable or unlawful provision.

               7.9 FURTHER AGREEMENT. Neither Party is obligated by this
Agreement to enter into any further agreement of any kind with the other Party.

                                       9.
<PAGE>   10

               7.10 INDEPENDENT CONTRACTORS. Each Party shall act solely as an
independent contractor, and nothing in this Agreement shall be construed to give
either Party the power or authority to act for, bind or commit the other Party
in any way. Nothing herein shall be construed to create the relationship of
partnership, principal and agent or joint venture between the Parties.

               IN WITNESS WHEREOF, the Parties have executed and delivered this
Technology Assignment and License Agreement on the Effective Date.

                                            AXYS PHARMACEUTICALS, INC.

                                            By:    /s/ William J. Newell
                                                   -----------------------------

                                            Name:  William J. Newell
                                                   -----------------------------

                                            Title: Senior Vice President
                                                   -----------------------------

                                            AXYS ADVANCED TECHNOLOGIES, INC.

                                            By:    /s/ William J. Newell
                                                   -----------------------------

                                            Name:  William J. Newell
                                                   -----------------------------

                                            Title: Vice President and Secretary
                                                   -----------------------------

         [SIGNATURE PAGE TO TECHNOLOGY ASSIGNMENT AND LICENSE AGREEMENT]

                                      10.
<PAGE>   11

                                  SCHEDULE 1.1

                                  AAT CONTRACTS

Combinatorial Chemistry Agreement with Daiichi Pharmaceutical Co., Ltd. dated
June 30, 1999.

Combinatorial Chemistry Agreement with Allergan, Inc. dated September 27, 1999

Combinatorial Chemistry Agreement with Elitra Pharmaceuticals Inc., dated
September 30, 1999

Combinatorial Chemistry Agreement with Novartis Institute for Functional
Genomics, Inc., dated December 8, 1999

Combinatorial Chemistry Agreement with L'Oreal Group, dated December 20, 1999

Combinatorial Chemistry Agreement with Monsanto, dated December 21, 1999

Combinatorial Chemistry Agreement with Cephalon, Inc., dated December 21, 1999

Combinatorial Chemistry Agreement with Bristol-Myers Squibb Company, dated
December 31, 1999

                                       1.
<PAGE>   12

                                  SCHEDULE 1.2

                           ADDITIONAL CHEMISTRY ASSETS

                                 (see attached)

                                       1.
<PAGE>   13

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
COMPUTER            2/28/93        112  Tag: A2077         1 Indigo 16                     27,000.00
                   10/31/93        120  Tag: A1641         INDIGO 2                        19,157.50
                   10/31/93        123  Tag: A1470         INDIGO                          15,010.00
                    1/31/94        172  Tag: A1654         1 CPU Mac Q                      4,290.00
                   12/31/94        197  Tag: Al747         1 HPLaserj                       2,159.59
                    1/31/95        198  Tag: Al754         Computer - A                     3,342.20
                    5/31/95        203  Tag: A4994         Computer - P                     4,883.15
                   12/31/95        220  Tag: A4826         1 COMPUTER                       1,052.12
                    6/30/96        241  Tag: A4075         2 computer                       3,692.14
                    6/30/96        248  Tag: A2248         2 Powermac                      10,630.55
                    6/30/96        251  Tag: A2349         3 Powermac                      11,590.13
                    9/30/96        266  Tag: A5443         Monitor                          2,110.64
                    12/1/96        728  Tag: A8067         POWERMAC 76                      3,214.48
                     1/1/97        765  Tag: A2352         PDWERMAC 72                      3,145.64
                     1/1/97        766  Tag: A9070         POWERMAC 76                     13,548.05
                     2/1/97        794  Tag: A2712         DELLDIMENS                       2,134.69
                     2/1/97        804  Tag: A2231         MONITOR SM                         936.27
                     3/1/97        859  Tag: A4996         4PCS spare                      26,785.79
                     3/1/97        860  Tag: A2452         APPLE POWER                      7,794.36
                     3/1/97        880  Tag: A2709         2 PCS DELL                       8,963.14
                     5/1/97        922  Tag: A2852         DELL 6200-O                      3,841.38
                     9/1/97       1011  Tag: A2313         5 PCS POWER                     13,848.60
                     4/1/98       1192  Tag: A6162         POWERMAC G3                      1,977.93
                     4/1/98       1193  Tag: A6163         MONITOR SON                        833.35
                     4/1/98       1194  Tag: A6161         HP DESKJET                       1,425.01
                     4/1/98       1195  Tag: A6296         POWERBOOK G                      3,935.18
                     7/1/98       1295  Tag A7027          HP LASERJET                        895.57
                     9/1/98       1383  Tag: A6814         DELLXPS 26                         885.54
                     9/1/98       1405  Tag: A7059         4000N PRINT                        645.60
                     9/1/98       1406  Tag: A7060         4000N PRINT                        645.59
                    10/1/98       1438  Tag: A7080         POWERBOOK G                      3,219.66
                     3/1/97       2434  Tag: 1769          Server U2-2                     12,212.52
                     7/1/96       3259  Tag: 1501          Computer                             -

                    3/31/98       4587  Tag: 3756          Server Sun                      21,310.71
                   11/30/98       4772  Tag: 2929          Unipack B                          560.48
                   11/30/98       4773  Tag: 2928          Unipack B                          560.48
                    1/22/99       4979  Tag: A6978         CompEq Son                         183.12
                    1/22/99       4980  Tag: A6975         CompEq Pow                       1,007.39
                    8/27/99       5286  Tag: A8028         Computer PI                        547.89
</TABLE>

<TABLE>
<CAPTION>
                                                                                             ADDT'L
                                                                                             DEPR FR
                    IN SERVIC          GL BALANCE          ACCUM DEPR       GL BALANCE       10/31/99
                    DATE               3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                 <C>                <C>                 <C>              <C>              <C>
COMPUTER             2/28/93                                  27,000.00
                    10/31/93                                  19,157.50                            -
                    10/31/93                                  15,010.00                            -
                     1/31/94                                   4,290.00                            -
                    12/31/94                                   2,159.59                            -
                     1/31/95                                   3,342.20                            -
                     5/31/95                                   4,883.15                            -
                    12/31/95                                   1,052.12                            -
                     6/30/96                                   3,290.82                          401.32
                     6/30/96                                   9,475.06                        1,155.49
                     6/30/96                                  10,330.34                        1,259.79
                     9/30/96                                   2,110.64                            -
                     12/1/96                                   3,125.19                           89.29
                      1/1/97                                   2,970.89                          174.75
                      1/1/97                                  12,785.38                          752.67
                      2/1/97                                   1,956.80                          177.69
                      2/1/97                                     858.25                           78.02
                      3/1/97                                  23,809.00                        2,976.79
                      3/1/97                                   6,928.32                          866.04
                      3/1/97                                   7,967.24                          995.90
                      5/1/97                                   3,292.61                          548.77
                      9/1/97                                  11,614.96                        2,233.64
                      4/1/98                                   1,565.86                          412.07
                      4/1/98                                     659.74                          173.61
                      4/1/98                                   1,128.13                          286.88
                      4/1/98                                   3,115.35                          819.83
                      7/1/98                                     682.33                          213.24
                      9/1/98                                     726.18                          259.36
                      9/1/98                                     475.71                          169.89
                      9/1/98                                     475.70                          169.89
                     10/1/98                                   2,325.31                          894.35
                      3/1/97                                  10,582.18                        1,650.34   [text illegible]
                      7/1/96                                   4,958.00                       (4,958.00)  NOT TRANSFERRED TO
                                                                                                          [AXY]
                     3/31/98                                  16,870.97                        4,439.74   [text illegible]
                    11/30/98                                     385.33                          175.15   [text illegible]
                    11/30/98                                     385.33                          175.15   [text illegible]
                     1/22/99                                     102.77                           80.35
                     1/22/99                                     566.36                          442.03
                     8/27/99                                     156.54                          391.35
</TABLE>

                                       2.
<PAGE>   14

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>
                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                    8/27/99       5287  Tag: A8029         Computer PI                        547.89
                    8/27/99       5288  Tag: A8028         Computer 17                         92.39
                    8/27/99       5289  Tag: A8029         Computer 17                         92.39
                    9/14/99       5299  Tag: A6811         Computer De                      1,884.26
                   10/20/99       5331  Tag: A8044         SSF Compute                        211.65
                    3/10/00       5764  Tag: A6111         Comp Eq21" monitor
                    3/10/00       5765  Tag: A8100         Comp Eq Powermac G4
                    3/10/00       5766  Tag: A8110         Comp Eq Powermac G4
                    3/21/00       5768  Tag: A8112         Comp Eq Monitor TMX 412
                    3/21/00       5769  Tag: A8113         Comp Eq Monitor TMX 412
LAB EQUIPMENT       1/31/91        305  Tag: A2052         1Sola Power                      3,900.00
                    9/30/92        308  Tag: A2380         1Pelicon Ca                      4,454.85
                    9/30/93        313  Tag: A3939         1Portion No                      4,000.00
                    6/30/95        323  Tag: A4874         TOMTEC DILU                     21,222.41
                    6/30/95        325  Tag: A2341         Vacuum Pump                      1,299.00
                    3/31/95        326  Tag: A2206         Freezer not                      1,928.82
                   10/31/95        331  Tag: A2841         Vacuum pump                      1,407.25
                    3/31/96        335  Tag: A1239         Turbo Pump                       6,000.00
                    3/31/96        340  Tag: A3941         GeneAmp-Oth                        113.00
                   11/30/95        343  Tag: A3940         1Fumehoods                      31,216.52
                   11/30/95        349  Tag: A1920         Rotary evap                      3,254.89
                   11/30/95        354  Tag: A2757         Balance el                       1,175.72
                   11/30/95        358  Tag: A3252         2 HTS lab r                    171,765.70
                    1/31/94        376  Tag: A2585         Conoentralo                      1,950.00
                    1/31/94        380  Tag: SF592         HPLCSystem                       9,280.00
                    1/31/94        389  Tag: A4764         Balance BA                         945.10
                    1/31/94        394  Tag: A1610         Parbal Bea                      28,316.00
                    1/31/94        398  Tag: A4988         Shaker- env                      5,722.25
                    1/31/94        400  Tag: A4903         Adapter gl                         170.00
                    5/31/92        416  Tag: SF631         1HPLC Semi                      54,745.51
                    5/31/92        417  Tag: A2228         1Fenups un                      16,602.56
                    8/31/92        422  Tag: A3286         Vertishear                       1,076.75
                    8/31/92        433  Tag: A2489         Chromatogre                        776.00
                    2/28/93        437  Tag: A2515         2Roller Rac                      7,002.00
                   12/31/93        454  Tag: A2705         Environment                      5,727.00
                   12/31/93        463  Tag: A2603         Pipeltor - 8                       704.95
                    1/31/95        477  Tag: Al184         Pump - Vacuum                    1,840.00
                    6/30/95        483  Tag: A2005         Vacuum Oven                      2,730.00
                    6/30/95        497  Tag: A1991         SAMPLER DIL                     14,522.80
                    6/30/95        499  Tag: SF717         HP1090 HPLC                     62,002.77
</TABLE>

<TABLE>
<CAPTION>
                                                                                              ADDT'L
                                                                                              DEPR FR
                     IN SERVICE        GL BALANCE          ACCUM DEPR       GL BALANCE        10/31/99
                     DATE              3/31/00             10/31/99         10/31/9           TO 3/31/2000
<S>                  <C>               <C>                 <C>              <C>               <C>
                       8/27/99                                   156.54                          391.35
                       8/27/99                                    26.40                           65.89
                       8/27/99                                    26.40                           65.99
                       9/14/99                                   314.04                        1,570.22
                      10/20/99                                                                   211.65
                       3/10/00                                                                     -
                       3/10/00                                                                     -
                       3/10/00                                                                     -
                       3/21/00                                                                     -
                       3/21/00         242,905.02                           223,084.2
LAB EQUIPMENT          1/31/91                                 3,900.00                            -
                       9/30/92                                 4,454.85                            -
                       9/30/93                                 4,000.00                            -
                       6/30/95                                21,222.41                            -
                       6/30/95                                 1,299.00                            -
                       3/31/95                                 1,928.82                            -
                      10/31/95                                 1,407.25                            -
                       3/31/96                                 5,500.00                          500.00
                       3/31/96                                   103.58                            9.42
                      11/30/95                                31,216.52                            -
                      11/30/95                                 3,254.89                            -
                      11/30/95                                 1,175.72                            -
                      11/30/95                               171,765.70                            -
                       1/31/94                                 1,950.00                            -
                       1/31/94                                 9,230.00                            -
                       1/31/94                                   945.10                            -
                       1/31/94                                28,316.00                            -
                       1/31/94                                 5,722.25                            -
                       1/31/94                                   170.00                            -
                       5/31/92                                54,745.51                            -
                       5/31/92                                16,602.56                            -
                       8/31/92                                 1,076.75                            -
                       8/31/92                                   776.00                            -
                       2/28/93                                 7,002.00                            -
                      12/31/93                                 5,727.00                            -
                      12/31/93                                   704.95                            -
                       1/31/95                                 1,840.00                            -
                       6/30/95                                 2,730.00                            -
                       6/30/95                                14,522.80                            -
                       6/30/95                                62,002.77                            -
</TABLE>

                                       3.
<PAGE>   15

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                    4/30/94        517  Tag: Al137         Freezer Rel                      6,099.00
                    4/30/94        521  Tag: A2722         Freezer Exp                      1,500.00
                    4/30/94        537  Tag: A4881         Racks for C                      5,450.00
                    3/31/96        539  Tag: A4883         Composite R                      9,300.00
                    6/30/96        502  Tag: A8942         BioSafety                        7,658.00
                    6/30/96        564  Tag: A4754         4 306 pump                      46,381.38
                    6/30/96        565  Tag: A4879         4 306 pump                      45,203.17
                    6/30/96        567  Tag: A3948         215Sampler                      12,373.88
                    6/30/96        569  Tag: A3923         Environment                      5,525.80
                    6/30/96        584  Tag: A3238         Fluoslar re                     22,583.59
                    6/30/96        586  Tag: A3243         Column The                       3,263.52
                    6/30/96        591  Tag: A3943         Analytical                       4,662.49
                    8/31/96        595  Tag: A3251         Saw-Isomer                       2,782.79
                    8/31/96        599  Tag: A1708         Computer - C                     2,667.61
                    8/31/96        601  Tag: A2389         NECGNC 4MB                       1,218.69
                    8/31/96        604  Tag: A2016         Powetmac 75                      2,517.21
                    8/31/96        606  Tag: A2038         Powermac 76                     14,775.06
                    8/31/96        609  Tag: A2222         Powermac 76                     10,612.73
                    8/31/96        632  Tag: A2200         Rotary Evap                      2,750.63
                    8/31/96        637  Tag: A2484         Oven-Vacuum                      1,429.60
                    9/30/95        644  Tag: A1173         Fraction Co                      3,150.74
                   10/31/93        646  Tag: A4901         Temperature                      1,034.14
                   10/31/93        656  Tag: A3983         Vacuum Pump                      6,442.00
                   10/31/93        658  Tag: A4765         Mettler Bal                      3,030.00
                    7/31/93        665  Tag: A4068         Vacuum Pump                      1,030.40
                    7/31/93        668  Tag: A2706         Shekel- env                      1,022.58
                    9/30/96        676  Tag: A4880         Pumphead                         1,084.49
                    12/1/96        734  Tag: A4753         PUMPHEAD M                       1,008.83
                    12/1/96        738  Tag: A2612         BALANCE ANA                      1,810.68
                    12/1/96        739  Tag: A2613         ANALYTICAL                       1,810.68
                    12/1/96        742  Tag: A2610         EVAPORATOR                       2,185.94
                    12/1/96        743  Tag: A2621         EVAPORATOR                       2,185.94
                    12/1/96        746  Tag: A3982         PUMP22 I-W                       1,671.87
                    12/1/96        747  Tag: A3231         HYDRA 96 MI                     13,350.83
                    12/1/96        753  Tag: A2635         ANALYTICAL                       1,809.94
                    12/1/96        754  Tag: A2636         ROTARY EVAP                      2,332.18
                    12/1/96        755  Tag: A2637         ROTARY EVAP                      2,332.18
                    12/1/96        756  Tag: A2676         ISOGRATI C P                     3,680.49
                     1/1/97        774  Tag: 42719         SHAKER- REC                      2,602.72
                     1/1/97        778  Tag: Al829         BUCHI ROTAR                      2,618.18
</TABLE>

<TABLE>
<CAPTION>
                                                                                          ADDT'L
                                                                                          DEPR FR
                 IN SERVICE         GL BALANCE          ACCUM DEPR       GL BALANCE       10/31/99
                 DATE               3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>              <C>                <C>                 <C>              <C>              <C>
                  4/30/94                                   6,099.00                            -
                  4/30/94                                   1,500.00                            -
                  4/30/94                                   5,450.00                            -
                  3/31/96                                   8,525.00                          775.00
                  6/30/96                                   6,626.15                          832.46
                  6/30/96                                  41,339.92                        5,041.46
                  6/30/96                                  40,289.78                        4,913.39
                  6/30/96                                  11,028.88                        1,344.99
                  6/30/96                                   4,925.16                          600.64
                  6/30/96                                  20,128.85                        2,454.74
                  6/30/96                                   2,908.78                          854.74
                  6/30/96                                   4,155.70                          508.79
                  8/31/96                                   2,466.56                          316.23
                  8/31/96                                   2,364.47                          303.14
                  8/31/96                                   1,080.20                          138.49
                  8/31/96                                   2,231.17                          286.04
                  8/31/96                                  13,096.07                        1,678.99
                  8/31/96                                   9,406.74                        1,205.99
                  8/31/96                                   2,438.05                          312.58
                  8/31/96                                   1,267.14                          162.46
                  9/30/95                                   3,150.74                            -
                 10/31/93                                   1,034.14                            -
                 10/31/93                                   6,442.00                            -
                 10/31/93                                   3,030.00                            -
                  7/31/93                                   1,030.40                            -
                  7/31/93                                   1,022.58                            -
                  9/30/96                                     958.38                          126.11
                  12/1/96                                     882.72                          126.11
                  12/1/96                                   1,584.34                          226.34
                  12/1/96                                   1,584.34                          226.34
                  12/1/96                                   1,912.70                          273.24
                  12/1/96                                   1,912.70                          273.24
                  12/1/96                                   1,462.88                          208.99
                  12/1/96                                  11,681.97                        1,668.86
                  12/1/96                                   1,583.70                          226.24
                  12/1/96                                   2,040.65                          291.53
                  12/1/96                                   2,040.65                          291.53
                  12/1/96                                   3,220.43                          460.06
                   1/1/97                                   2,269.03                          338.69
                   1/1/97                                   2,282.52                          335.86
</TABLE>

                                       4.
<PAGE>   16

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                     1/1/97        779  Tag: A2749         METTLER TOL                      1,116.65
                     2/1/97        806  Tag: A2717         GILSON 215                       9,115.35
                     2/1/97        808  Tag: A2746         BALANCE ANA                      4,640.57
                     2/1/97        810  Tag: A2755         BALANCE ANA                      1,038.98
                     2/1/97        817  Tag: A4884         2 HPLC 1100                     70,746.73
                     2/1/97        818  Tag: A2776         FREEZER EXP                      1,224.45
                     2/1/97        819  Tag: A2782         DISPENSER W                      1,736.48
                     2/1/97        822  Tag: A2804         PUMPVACUUM                       3,009.22
                     2/1/97        823  Tag: A2803         PUMPVACUUM                       1,504.62
                     2/1/97        827  Tag: A2718         SYRINGE PUM                        982.43
                     2/1/97        839  Tag: A3924         SHAKER RECI                        959.91
                     2/1/97        841  Tag: A2821         433A-01 PE                      46,348.88
                     3/1/97        844  Tag: A2774         UPRIGHT F RE                     4,154.45
                     3/1/97        845  Tag: A2775         UPRIGHT F RE                     4,154.45
                     3/1/97        846  Tag: A2810         UPRIGHT FRE                      4,154.45
                     3/1/97        849  Tag: A2747         MODULINE 12                      2,556.28
                     3/1/97        852  Tag: A4991         GILSON PREP                     39,743.64
                     3/1/97        881  Tag: A2901         SPEEDVAC EV                      7,322.27
                     5/1/97        901  Tag: A2999         SHIMADZU HP                     14,000.75
                     5/1/97        908  Tag: A3004         COMPLETE 11                     30,809.28
                     6/1/97        933  Tag: A3083         PS API150 M                     91,119.23
                     6/1/97        939  Tag: A3081         HYDRA-96 RB                     13,801.88
                     6/1/97        944  Tag: A3090         BALANCE MET                      2,600.79
                     6/1/97        945  Tag: A4733         VACUUM DONT                        766.77
                     7/1/97        952  Tag: A3088         CONTROLLER                       1,182.42
                     7/1/97        954  Tag: A2907         HP 8453 UV                       7,275.54
                     8/1/97        977  Tag: A8131         VACUUM PUMP                      1,267.57
                     9/1/97        997  Tag: A4890         4 SETS SURG                      4,650.05
                    10/l/97       1036  Tag: A4824         ROLIFT WALK                      3,867.49
                    11/l/97       1049  Tag: A3204         HYDRA-96 FL                     10,870.01
                    12/1/97       1081  Tag: A3229         2 PCS VAGUU                      2,097.00
                    12/1/97       1083  Tag: A3201         215GILSON                        8,299.56
                    12/1/97       1086  Tag: A3240         REFRIGERATO                        785.54
                    12/1/97       1087  Tag: A3227         2 PCS ROTAR                      3,798.84
                    12/1/97       1088  Tag: A3223         4 PCS MODIF                      2,061.08
                    12/1/97       1089  Tag: A3218         4 PCS CUXTO                      5,770.56
                    12/1/97       1090  Tag: A3232         2 PCS DIAPH                      1,082.08
                    12/1/97       1094  Tag: A3235         MASTERPRO B                      1,060.86
                    12/1/97       1096  Tag: A3944         ANALYTICAL                       1,433.66
                     1/1/98       1103  Tag: A3236         PUMPRV 5 T                         635.23
</TABLE>

<TABLE>
<CAPTION>
                                                                             ADDT'L
                                                                             DEPR FR
                                                                             ADDT'L DEPR
                       GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                       3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                    <C>                 <C>              <C>              <C>
                                                 973.49                          143.18
                                               7,915.98                        1,199.38
                                               4,203.66                          636.97
                                                 902.27                          136.71
                                              61,437.94                        9,308.79
                                               1,063.34                          161.11
                                               1,507.99                          228.49
                                               2,613.27                          395.95
                                               1,306.64                          197.98
                                                 853.17                          129.26
                                                 833.60                          126.31
                                              40,250.35                        6,088.54
                                               3,593.04                          561.41
                                               3,593.04                          561.41
                                               3,593.04                          561.41
                                               2,210.82                          345.44
                                              34,372.88                        5,370.76
                                               6,332.78                          989.49
                                              12,000.64                        2,000.11
                                              26,407.95                        4,401.33
                                              77,714.22                       13,399.01
                                              11,712.19                        2,029.69
                                               2,218.32                          382.47
                                                 654.01                          112.76
                                               1,003.26                          179.16
                                               6,173.18                        1,102.36
                                               1,069.51                          198.05
                                               3,900.04                          750.01
                                               3,222.90                          644.59
                                               8,995.87                        1,874.14
                                               1,722.54                          374.46
                                               6,817.50                        1,482.06
                                                 645.27                          140.27
                                               3,120.48                          678.86
                                               1,693.03                          368.05
                                               4,740.10                        1,030.46
                                                 838.84                          193.24
                                                 871.42                          189.44
                                               1,177.65                          256.01
                                                 517.59                          117.64
</TABLE>

                                       5.
<PAGE>   17

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                     1/1/98       1109  Tag: OT137         TREEZEMOBIL                      6,409.45
                     1/1/98       1118  Tag: N/A           GENEVAC HT                      30,133.64
                     2/1/98       1122  Tag: A3251         FLEXCHEM RO                      4,174.84
                     2/1/98       1123  Tag: A3249         FLEXCHEM RO                      5,863.54
                     2/1/98       1124  Tag: A3252         TECAN GENES                     43,137.58
                     2/1/98       1129  Tag: A3253         DELLOPTIFL                       1,486.06
                     3/1/98       1150  Tag: A3272         HYDRA - 96 R                     9,336.56
                     4/1/98       1159  Tag: A6018         RECIPROCAL                         487.99
                     4/1/98       1160  Tag: A6019         RECIPROCAL                         487.99
                     4/1/98       1183  Tag: A6160         RECIPROCAL                         487.99
                     2/6/97       1196  Tag: SF146         Robol for c                     31,48l.24
                     5/1/98       1200  Tag: A7055         API150 MAS                      55,391.72
                     5/1/98       1201  Tag: A6297         215LIQUID                        7,265.17
                     5/1/98       1203  Tag: A6307         HYDRA-96R                        8,589.63
                     5/1/98       1206  Tag: A6732         ENHANCED DA                        886.77
                     5/1/98       1207  Tag: A6731         SYSTEM CONT                      4,082.23
                     5/1/98       1212  Tag: A6450         SEDEX 55 E.                      6,390.75
                     5/1/98       1213  Tag: A6595         SEDEX 55 E.                      6,390.75
                     5/1/98       1214  Tag: A6584         HP BINARY P                      4,926.73
                     5/1/98       1215  Tag: A6585         HP BINARY P                      4,926.72
                     5/1/98       1216  Tag: A6586         HP 1100 VAC                        966.02
                     5/1/98       1217  Tag: A6585         HP 1100 VAC                        966.02
                     5/1/98       1218  Tag: A6588         HP 1100 THE                      1,616.07
                     5/1/98       1219  Tag: A6589         HP 1100 THE                      1,616.07
                     5/1/98       1220  Tag: A6590         HP 1100 DIOD                     4,926.72
                     5/1/98       1221  Tag: A6591         HP 1100 DIOD                     4,926.72
                     5/1/98       1222  Tag: A6440         HP 1100 BINA                     4,926.72
                     5/1/98       1223  Tag: A6441         HP 1100 VAC                        966.02
                     5/1/98       1224  Tag: A6442         HP 1100 AUT                      3,703.09
                     5/1/98       1225  Tag: A6444         HP 110 DIOD                      5,423 83
                     5/1/98       1226  Tag: A6443         HP 1100 THE                        972.05
                     5/1/98       1227  Tag: A6445         SINGLE lNST                      5,960.38
                     8/1/98       1375  Tag: A7032         RAININ GRAD                     19,562.29
                     9/1/98       1381  Tag: A7011         SERIAL TEAC                        382.23
                    10/1/98       1414  Tag: A7067         Pump corrosion resistant           813.43
                    10/1/98       1431  Tag: A7074         HYDRA 96 FL                      6,941.53
                    10/1/98       1432  Tag: A7069         RECIPROCAL                         353.16
                    10/1/98       1433  Tag: A7070         RECIPROCAL                         353.16
                    10/1/98       1434  Tag: A7071         RECIPROCAL                         353.17
                    10/1/98       1440  Tag: N/A           IMPACRT 2-8                        704.32
</TABLE>

<TABLE>
<CAPTION>
                                                                             ADDT'L
                                                                             DEPR FR
                                                                             ADDT'L DEPR
                       GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                       3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                    <C>                 <C>              <C>              <C>
                                               5,211.41                        1,196.04
                                              24,553.33                        5,580.31
                                               3,371.98                          802.86
                                               4,735.93                        1,127.61
                                              34,841.89                        8,295.69
                                               1,200.27                          285.79
                                               7,469.25                        1,867.31
                                                 386.33                          101.66
                                                 386.33                          101.66
                                                 386.33                          101.66
                                              27,338.98                        4,142.26
                                              43,350.03                       12,041.69
                                               5,685.78                        1,579.39
                                               6,722.32                        1,867.31
                                                 693.99                          192.78
                                               3,194.79                          887.44
                                               5,001.46                        1,389.29
                                               5,001.46                        1,389.29
                                               3,855.69                        1,071.04
                                               3,855.69                        1,071.03
                                                 756.01                          210.01
                                                 756.01                          210.01
                                               1,264.75                          351.32
                                               1,264.75                          351.32
                                               3,855.69                        1,071.03
                                               3,855.69                        1,071.03
                                               3,855.69                        1,071.03
                                                 756.01                          210.01
                                               2,898.07                          805.02
                                               4,244.74                        1,179.09
                                                 760.74                          211.31
                                               4,664.64                        1,295.74
                                              14,871.71                        4,890.58
                                                 281.64                          100.59
                                                 587.47                          225.96
                                               5,013.32                        1,928.21
                                                 255.06                           98.10
                                                 255.06                           98.10
                                                 255.06                           98.11
                                                 508.68                          195.64
</TABLE>

                                       6.
<PAGE>   18

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00     0
<S>                <C>         <C>      <C>                <C>                          <C>
                    10/1/98       1441  Tag: N/A           IMPACT 2-12                        773.11
                    10/1/98       1442  Tag: A7078         TOWDOOR RE                         534.26
                    10/1/98       1443  Tag: A7081         HYDRA 96 DI                      6,941.53
                    11/1/98       1449  Tag: A7066         HP 35900E A                        857.59
                    11/1/98       1459  Tag: A7087         Reciprocal                         336.45
                    12/1/98       1488  Tag: A7099         BUCHI MODEL                        879.71
                    12/1/98       1489  Tag: A7100         BUCHI MODEL                        879.71
                    12/1/98       1490  Tag: A7101         BUCHI MODEL                        879.71
                    12/1/98       1491  Tag: A7102         BUCHI MODEL                        879.71
                    12/1/98       1493  Tag: A7103         BALANCE-S                          732.67
                    12/1/98       1496  Tag: A7094         HT 12EVAPOR                     28,292.51
                    12/1/98       1497  Tag: A7470         DIGITAL VAC                        327.26
                    12/1/98       1498  Tag: A7108         DIGITAL VAC                        327.25
                     1/1/99       1508  Tag: A7109         WORKSTATION                        592.08
                     1/1/99       1511  Tag: A7114         MODULINE 12                        446.28
                    12/7/98       4902  Tag. A7117         LabEq Ove                          546.07
                   11/18/98       4905  Tag: A7110         Reciprocal                         294.80
                     2/5/99       4908  Tag: A7155         LabEq-Frz                        1,289.09
                     2/5/99       4909  Tag: A7156         LabEq Frz                        1,289.09
                    2/23/99       5024  Tag: A7160         LabEq Free                       3,230.79
                    2/23/99       5025  Tag: A7161         LabEq Unit                       4,970.32
                    2/23/99       5026  Tag:               LabEq Gene                       2,680.22
                    2/24/99       5027  Tag:               LabEq Fume                       4,233.18
                     3/9/99       5039  Tag: A7162         LabEq Auto                       4,421.39
                    3/24/99       5054  Tag: A7168         LabEq Acqu                       2,844.78
                    3/24/99       5055  Tag: A7168         LabEq SGI                        2,938.66
                    3/24/99       5056  Tag: A7168         LabEq Jus                          283.54
                    3/15/99       5079  Tag:               LabEq HPLC                      16,428.58
                    6/11/99       5088  Tag: A7202         LabEq Flex                       7,250.05
                    5/28/99       5095  Tag: A7198         LabEq Lang                         264.87
                    1/19/99       5204  Tag: 7163          LabEq HPLC                      13,471.66
                    7/19/99       5227  Tag: A8020         LabEq HPLC                       7,403.76
                    5/18/99       5229  Tag: A7170         LabEq Rel                          289.59
                    7/21/99       5239  Tag:               LabEq Auto                       6,902.01
                   12/15/98       5252  Tag: A7110         LabEq Shak                         577.22
                     1/7/99       5254  Tag: A7128         LabEq Vacu                         593.17
                     1/7/99       5255  Tag: A7124         LabEq Auto                       2,264.11
                     1/7/99       5256  Tag: A7125         LabEq Ther                         596.84
                     1/7/99       5257  Tag: A7126         LabEq Vari                       1,379.65
                    8/25/99       5297  Tag: A2026         LabEq Bala                         412.59
</TABLE>

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>
                                                                             ADDT'L
                                                                             DEPR FR
                                                                             ADDT'L DEPR
                       GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                       3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                    <C>                 <C>              <C>              <C>
                                                 558.35                          214.76
                                                 385.85                          148.41
                                               5,013.32                        1,928.21
                                                 605.35                          252.24
                                                 237.49                           98.96
                                                 604.80                          274.91
                                                 604.80                          274.91
                                                 604.80                          274.91
                                                 604.80                          274.91
                                                 503.71                          228.96
                                              16,013.60                         7278.91
                                                 224.99                          102 27
                                                 224.98                          102.27
                                                 394.72                          197.36
                                                 297.52                          148.76
                                                 318.05                          228.02
                                                 171.70                          123.10
                                                 708.30                          580.79
                                                 708.30                          580.79
                                               1,775.16                        1,455.63
                                               2,730.95                        2,239.37
                                               1,472.65                        1,207.57
                                               2,325 92                        1,907.26
                                               2,368 60                        2,052.79
                                               1,524.00                        1,320.78
                                               1,574.28                        1,364.38
                                                 151.80                          131.64
                                                8801.02                        7,627.56
                                               3,222.24                        4,027.81
                                                 132.43                          132.44
                                               7,031.33                        6,440.53
                                               2,776.41                        4,627.35
                                                 135.41                          154.45
                                               2,588.25                        4,313.76
                                                 284.31                          292.91
                                                 279.63                          313.54
                                               1,067.37                        1,196.74
                                                 281.37                          315.47
                                                 650.40                          729.25
                                                 117.88                          294.71
</TABLE>

                                       7.
<PAGE>   19

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                    10/4/99       5322  Tag: A8033         Impact Exp                         112.32
                    10/4/99       5323  Tag: A8034         Impact Exp                         112.32
                    10/4/99       5324  Tag A8035          Impact 2-12                        111.15
                    10/4/99       5325  Tag: A8036         Impact 2-12                        111.15
                    10/4/99       5326  Tag: A8037         Impact 2-12                        111.15
                    10/5/99       5327  Tag: A8038         Impact 2 8                         101.65
                    10/5/99       5328  Tag: A8039         Impact 2 8                         101.65
                    10/5/99       5329  Tag: A8040         Impact 2 8                         101.65
                    9/29/99       5338  Tag: A8032         LabEq Isop                       4,877.46
                    9/21/99       5339  Tag:               LabEq Isop                       4,877.81
                    12/1/99       5349  Tag: RECV          LabEq Fume                       7,943.94
                   11/29/99       5355  Tag: A8057         LabEq Serf                         130.47
                    12/6/99       5356  Tag: A8059         LabEq Chro                         301.20
                   12/10/99       5637  Tag: A8063         Lab Funn                            95.22
                   12/17/99       5638  Tag: A8064         LabEq RS23                         100.29
                   12/30/99       5639  Tag: A8073         LabEq Save                       1,147.17
                   12/30/99       5640  Tag: A8074         LabEq Save                       1,147.17
                    1/13/00       5642  Tag: A8077         LabEq Save                         770.70
                    1/13/00       5643  Tag: A8078         LabEq Save                         770.70
                    12/2/99       5645  Tag: A8060         LabEq Pon                          165.57
                    12/7/99       5647  Tag: A8061         LabEq Oxyg                         132.84
                    1/11/00       5648  Tag: A8079         LabEq Save                         752.96
                    1/10/00       5649  Tag: A8065         LabEq Free                          65.14
                    12/1/99       5650  Tag: A8057         LabEq Recip                         62.27
                    12/1/99       5651  Tag: A8058         LabEq Recl                          62.27
                     2/2/00       5692  Tag: A3238         LabEq Fast Stack                   130.00
                                                           Microlrlre
                     1/4/00       5693  Tag: A8066         LabEq H B                        1,290.78
                   11/16/99       5694  Tag: A8042         2000 Lab Eq HP B                 1,139.80
                    1/26/00       5695  Tag: A2228         2000 Lab Eq Optx                   578.82
                     2/5/00       5713  A8064              Lab Eq RS232 Interface              40.83
                    1/17/00       5719  Tag: A8082         2000 Speedvac sy                   413.21
                    2/22/00       5720  A8097              Lab Eq Oven frg micro               94.57
                                                           vacuum
                    3/17/00       5767  A8115              Lab Eq Advanced Video
                                                           Microsoft
Furniture           9/30/93         32  Tag: A3912         6 Flexion I                      2,321.00
                    5/30/94         35  Tag A2853          1 Modular F                      9,905.61
                    6/30/96         55  Tag SEE C          40 Concert                      13,776.61
                    7/31/96         58  Tag: A3973         6 Superior                       2,221.50
                     9/1/97       1013  Tag: SEE C         4 PCS TASK                         536.92
</TABLE>

<TABLE>
<CAPTION>
                                                                            ADDT'L
                                                                            DEPR FR
                                                                            ADDT'L DEPR
                      GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                      3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                   <C>                 <C>              <C>              <C>
                                                                                112.32
                                                                                112.32
                                                                                111.15
                                                                                111.15
                                                                                111.15
                                                                                101.65
                                                                                101.65
                                                                                101.65
                                             812.91                           4,064.55
                                             812.91                           4,064.90
                                                                              7,943.94
                                                                                130.47
                                                                                301.20
                                                                                 95.22
                                                                                100.29
                                                                              1,147.17
                                                                              1,147.17
                                                                                770.70
                                                                                770.70
                                                                                165.57
                                                                                132.84
                                                                                752.96
                                                                                 65.14
                                                                                 62.27
                                                                                 62.27
                                                                                130.00

                                                                              1,290.76
                                                                              1,139.80
                                                                                413.21
                                                                                 40.83
                                                                                413.21
                                                                                 94.57

                      1,597,063.05                         1,368,647.24           -

Furniture                                     2,321.00                            -
                                              9,905.61                            -
                                             12,279.15                        1,497.45
                                              1,974.66                          246.84
                                                450.32                           86.60
</TABLE>

                                       8.
<PAGE>   20

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                     9/1/97       1027  Tag: A3150         6 PCS CHAIR                        593.97
                    11/1/97       1047  Tag: SEE C         20 PCS OFFI                      2,320.96
                    11/1/97       1048  Tag: SEE C         10 GUEST CH                        636.75
                     7/1/98       1051  Tag: SEE C         10 pcs office chair              1,160.49
                                                           burgundy
                    10/1/98       1271  Tag: N/A           BOBREED's                        3,809.54
                     4/1/99       1428  Tag: N/A           FURNITURE F                      1,460.30
                    12/1/99       5057  Tag:               Fn Glassware                       679.80
Fixture             4/12/99       5350  Tag:               Retrofit Ex                        447.66
                     7/1/96       5096  Tag:               Fx Frames I                        396.44
                    5/31/93       3258  Tag: 1501          Storage Ser                     67,312.50
                    5/31/93       1581  Tag: A1035         800Per Mon                         155.00
                    6/30/93       1592  Tag: A4078         Chromatogra                      2,441.00
                    6/30/93       1630  Tag: A5408         6 Tables                           221.39
                    6/30/93       1631  Tag: A5000         6 Tables                           221.39
                    6/30/93       1632  Tag: A3867         6 Tables                           221.39
                    6/30/93       1633  Tag: A3871         5 Tables                           202.67
                    6/30/93       1640  Tag: A2995         LaserWriter                      2,597.99
                    7/31/93       1652  Tag: A2080         Rotary Cull                        430.10
                    7/31/93       1661  Tag: A4777         Tekmar Spee                        298.00
                    7/31/93       1662  Tag: A4778         Electrophor                        785.00
                    7/31/93       1675  Tag: A4779         604U-R Auto                      3,137.00
                    7/31/93       1677  Tag: A4780         Rotor Horiz                        561.00
                    7/31/93       1678  Tag: A2229         VacGage w-                         273.27
                    7/31/93       1679  Tag: A4781         Rotor- Hori                        329.00
                    7/31/93       1680  Tag: A4782         Trunnion Ri                         52.00
                    7/31/93       1681  Tag: A4783         Trunnion Ri                         52.00
                    7/31/93       1682  Tag: A4784         Shield - Sea                       289.76
                    7/31/93       1691  Tag: A2243         AirSensor                        1,013.60
                    7/31/93       1701  Tag: A1174         Retriever 5                        950.00
                    7/31/93       1713  Tag: A4872         Omnigene Th                      5,290.00
                    7/31/93       1716  Tag: A4787         GenePulser                         920.00
                    7/31/93       1734  Tag: A4882         Pre-Filter                         211.20
                    7/31/93       1736  Tag: A4752         HR Flow Cel                      1,352.00
                    9/30/93       1763  Tag: A3284         Diluter 799                      2,771.00
                    9/30/93       1770  Tag: A5479         Sony CB-0008                     2,310.00
                   12/31/93       1796  Tag: A1748         Water Aspir                      1,618.76
                   12/31/93       1802  Tag: A2753         110gBalanc                       1,420.00
                    4/30/94       1852  Tag: A2724         Bio Pilot                       55,128.22
                    4/30/94       1856  Tag: A3979         LaserWriter                      4,371.00
                    4/30/94       1862  Tag: A3945         Computers                        2,780.00
</TABLE>

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>
                                                                            ADDT'L
                                                                            DEPR FR
                                                                            ADDT'L DEPR
                      GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                      3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                   <C>                 <C>              <C>              <C>
                                                498.16                           95.81
                                              1,920.80                          400.16
                                                526.96                          109.79
                                                960.40                          200.09

                                              2,802.50                          907.04
                                              1,054.66                          405.64
                                                353.15                          326.65
Fixture                  39,930.51                            35,208.77         447.66
                            396.44              205.44           205.44         191.00
                         67,312.50           59,833.33        59,833.33       7,479.17   Transfer GLI
                                                155.00                            -
                                              2,441.00                            -
                                                221.39                            -
                                                221.39                            -
                                                221.39                            -
                                                202.67                            -
                                              2,597.99                            -
                                                430.10                            -
                                                298.00                            -
                                                785.00                            -
                                              3,137.00                            -
                                                561.00                            -
                                                273.27                            -
                                                329.00                            -
                                                 52.00                            -
                                                 52.00                            -
                                                289.76                            -
                                              1,013.60                            -
                                                950.00                            -
                                              5,290.00                            -
                                                920.00                            -
                                                211.20                            -
                                              1,352.00                            -
                                              2,771.00                            -
                                              2,310.00                            -
                                              1,618.76                            -
                                              1,420.00                            -
                                             55,128.22                            -
                                              4,371.00                            -
                                              2,780.00                            -
</TABLE>

                                       9.
<PAGE>   21

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>

                   IN SERVICE  SYSTEM                                                   LTD DEPR
                   DATE        ASSET #  TAG #              DESCRIPTION                  3/31/00
<S>                <C>         <C>      <C>                <C>                          <C>
                    4/30/94       1870  Tag: A3933         Laminar Flo                     11,952.44
                    4/30/94       1871  Tag: A3937         PD pumps                         3,309.25
                    4/30/94       1873  Tag: A1825         Ultraliter                      13,898.50
                    4/30/94       1876  Tag: A3931         Nalgene Tan                     11,444.50
                    4/30/94       1877  Tag: A3946         Flowmeters                      11,313.00
                    8/31/94       1883  Tag: A3913         Osmometer                        4,236.00
                    7/31/95       1902  Tag: KH558         NMR-270                        195,000.00
Leased Furniture    4/30/93       1545  Tag: A5442         Corner Tabl                         59.00
                    5/31/93       1550  Tag: A5568         Holga 5 Dra                      3,935.65
                    5/31/93       1557  Tag: A4080         8 Brever Ch                      1,776.00
                    6/30/93       1558  Tag: A1351         Desk Chair-                        458.25
                    6/30/93       1561  Tag: A4082         Desk Chair-                        458.25
                    6/30/93       1562  Tag: A4083         Desk Chair-                        458.25
                    8/31/93       1570  Tag: A3865         5-5 Table                        1,013.35
                    8/31/93       1573  Tag: A1705         36562WorksI                        424.68
Leasehold Impr Bd   3/31/94        279  Tag: A3934         Vacuum For                       2,918.00
                    1/31/95        284  Tag: A4073         Hood-Peptide Lab                 7,462.00
                    2/28/95        285  Tag: A3938         Exhaust Hoo                      2,320.00
                    4/30/94         70  Tag: A1951         42 Round ch                        982.55
                    8/31/91         71  Tag: SEE C         12 Ergon Mg                      2,971.80
                    8/31/91         74  Tag: A5343         12 Ergon Mg                      2,971.80
                    8/31/91         75  Tag: SEE C         12 Ergon St                      2,670.00
                    9/30/91         81  Tag: A5431         2 30x60 Sin                      1,074.00
                     7/1/97        967  Tag: A4873         KODAK EKTAG                        620.24
                     9/1/97       1024  Tag: A4072         4 PCS OVERH                        713.65
                     9/1/97       1025  Tag: A3400         3 PCS EKTAG                      1,122.50
                    10/1/97       1031  Tag: A3145         2 PCS XEROX                      2,261.36
Leasehold Impr Bd  10/31/99    various  various            Oyster Point LI (55% of      2,198,350.41
                                                           54114
                    3/31/00                                Oyster Point LI (55% of
                                                           5415877.38)
SOFTWARE            9/30/95          9  Tag: A4786         1 BIOSYM                        43,253.56
                     3/5/99       5099  Tag:               Software Mi                      1,203.57
                                                                                       --------------
                                                                                        4,570,643.82
                                                                                       ==============
</TABLE>

                            AXYS ADVANCED TECHNOLOGY
                       FIXED ASSET DEPRECIATION ADDITIONS
                           FROM 10/31/99 TO 3/31/2000

<TABLE>
<CAPTION>
                                                                             ADDT'L
                                                                             DEPR FR
                                                                             ADDT'L DEPR
                       GL BALANCE          ACCUM DEPR       GL BALANCE       FR 10/31/99
                       3/31/00             10/31/99         10/31/99         TO 3/31/2000
<S>                    <C>                 <C>              <C>              <C>
                                              11,952.44                            -
                                               3,309.25                            -
                                              13,898.50                            -
                                              11,444.50                            -
                                              11,313.00                            -
                                               4,236.00                            -
                         343,557.43          195,000.00       343,557.43           -
Leased Furniture                                  59.00                            -
                                               3,935.65                            -
                                               1,776.00                            -
                                                 458.25                            -
                                                 458.25                            -
                                                 458.25                            -
                                               1,013.35                            -
                           8,583.43              424.68         8,583.43           -
Leasehold Impr Bd                              2,918.00                            -
                                               7,462.00
                          12,700.00            2,320.00        12,700.0            -
                                                 982.55                            -
                                               2,971.80                            -
                                               2,971.80                            -
                                               2,670.00                            -
                                               1,074.00                            -
                                                 526.26                           93.98
                                                 598.54                          115.11
                                                 941.46                          181.04
                          15,387.90            1,884.47        14,620.88         376.89
Leasehold Impr Bd      2,198,350.41        2,050,748.85     2,050,748.85     147,601.55

SOFTWARE                                      43,253.56                            -
                          44,457.13              644.76        43,898.32         558.81
                   ----------------------------------------------------------------------
                       4,570,643.82        4,161,085.92     4,161,085.92     409,557.90
                   ======================================================================
</TABLE>

                                      10.
<PAGE>   22

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>     <C>     <C>        <C>                            <C>       <C>            <C>        <C>       <C>
COMPUTER      2/28/93     112 Tag: A2077 1 Indigo 16                    27,000.00                27,000.00
----------------------------------------------------------------------------------------------------------------------------------
              10/31/93    120 Tag: A1641 INDIGO 2                       19,157.50                19,157.50
----------------------------------------------------------------------------------------------------------------------------------
              10/31/93    123 Tag: A1470 INDIGO                         15,010.00                15,010.00
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     172 Tag: A1654 1 CPU Mac O                     4,290.00                 4,290.00
----------------------------------------------------------------------------------------------------------------------------------
              12/31/94    197 Tag: A1747 1 HPLaserj                      2,159.59                 2,159.59
----------------------------------------------------------------------------------------------------------------------------------
              1/31/95     198 Tag: A1754 Computer - A                    3,342.20                 3,342.20
----------------------------------------------------------------------------------------------------------------------------------
              5/31/95     203 Tag: A4994 Computer - P                    4,883.15                 4,883.15
----------------------------------------------------------------------------------------------------------------------------------
              12/31/95    229 Tag: A4826 1 COMPUTER                       1052.12                  1052.12
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     241 Tag: A4075 2 computer                      3,852.67                 3,852.67
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     248 Tag: A2248 2 Powermac                     11,092.74                11,092.74
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     251 Tag: A2349 3 Powermac                     12,094.05                12,094.05
----------------------------------------------------------------------------------------------------------------------------------
              9/30/96     266 Tag: A5443 Monitor                         2,110.64                 2,110.64
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     728 Tag: A3067 POWERMAC 76                     3,214.48                 3,214.48
----------------------------------------------------------------------------------------------------------------------------------
              1/1/97      765 Tag: A2352 POWERMAC 72                     3,145.64                 3,145.64
----------------------------------------------------------------------------------------------------------------------------------
              1/1/97      766 Tag: A3070 POWERMAC 76                    13,548.05                13,548.05
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      794 Tag: A2712 DELLDIMENS                      2,134.69                 2,134.69
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      804 Tag: A2231 MONITOR SM                        936.27                   936.27
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      859 Tag: A4996 4PCS sparc                     26,785.79                26,785.79
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      860 Tag: A2452 APPLE POWER                     7,794.36                 7,794.36
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      880 Tag: A2709 2 PCS DELL                      8,963.14                 8,963.14
----------------------------------------------------------------------------------------------------------------------------------
              5/1/97      922 Tag: A2852 DELL6200-O                      3,951.13                 3,951.13
----------------------------------------------------------------------------------------------------------------------------------
              9/1/97     1011 Tag: A2313 5 PCS POWER                    16,082.24                16,082.24
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1192 Tag: A6162 POWERMAC G3                     2,966.90                 2,966.90
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1193 Tag: A6163 MONITOR SON                     1,250.04                 1,250.04
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1194 Tag: A6161 HP DESKJET                      2,137.50                 2,137.50
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1195 Tag: A6296 POWERBOOK G                     5,902.76                 5,902.76
----------------------------------------------------------------------------------------------------------------------------------
              7/1/98     1295 Tag: A7027  HP LASERJET                    1,535.24                 1,535.24
----------------------------------------------------------------------------------------------------------------------------------
              9/1/98     1383 Tag: A6814 DELLXPS 26                      1,867.34                 1,867.34
----------------------------------------------------------------------------------------------------------------------------------
              9/1/98     1405 Tag: A7059 4000N PRINT                     1,223.23                 1,223.23
----------------------------------------------------------------------------------------------------------------------------------
              9/1/98     1406 Tag: A7060 4000N PRINT                     1,223.22                 1,223.22
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1438 Tag: A7080 POWERBOOK G                     6,439.33                 6,439.33
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97     2434 Tag: 1769  Server U2-2                    19,804.08                19,804.08
----------------------------------------------------------------------------------------------------------------------------------
              7/1/96     3259 Tag: 1501  Computer                        5,914.50                                        (5,914.50)
----------------------------------------------------------------------------------------------------------------------------------
              3/31/98    4587 Tag: 3736  Server Sun                     53,276.74                53,276.74
----------------------------------------------------------------------------------------------------------------------------------
              11/30/98   4772 Tag: 2929  Unipack B                       1,261.09                 1,261.09
----------------------------------------------------------------------------------------------------------------------------------
              11/30/98   4773 Tag: 2928  Unipack 9                       1,281.09                 1,281.09
----------------------------------------------------------------------------------------------------------------------------------
              1/22/99    4979 Tag: A6978 CompEq Son                        470.89                   470.89
----------------------------------------------------------------------------------------------------------------------------------
              1/22/99    4980 Tag: A6975 CompEq Pow                      2,590.42                 2,590.42
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      11.
<PAGE>   23

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>        <C>  <C>        <C>                           <C>       <C>            <C>         <C>       <C>
              8/27/99    5286 Tag. A8028 Computer PI                     2,817.75                 2,817.75
----------------------------------------------------------------------------------------------------------------------------------
              8/27/99    5287 Tag: A8029 Computer PI                     2,817.75                 2,817.75
----------------------------------------------------------------------------------------------------------------------------------
              8/27/99    5288 Tag: A8028 Computer 17                       475.11                   475.11
----------------------------------------------------------------------------------------------------------------------------------
              8/27/99    5289 Tag: A8029 Computer 17                       475.12                   475.12
----------------------------------------------------------------------------------------------------------------------------------
              9/14/99    5299 Tag: A6811 Computer De                    11,305.58                11,305.58
----------------------------------------------------------------------------------------------------------------------------------
              10/20/99   5331 Tag: A8044 SSFCompute                      1,523.82                 1,523.82
----------------------------------------------------------------------------------------------------------------------------------
              3/10/00    5764 Tag: A8111 Comp Eq 21" monitor                                        768.58                  768.58
----------------------------------------------------------------------------------------------------------------------------------
              3/10/00    5765 Tag: A8109 Comp Eq Powermac G4                                      2,676.98                2,676.98
----------------------------------------------------------------------------------------------------------------------------------
              3/10/00    5766 Tag: A8110 Comp Eq Powermac G4                                      2,676.98                2,676.98
----------------------------------------------------------------------------------------------------------------------------------
              3/21/00    5768 Tag: A8112 Comp Eq Monitor TMX 412                                  1,980.32                1,980.32
----------------------------------------------------------------------------------------------------------------------------------
              3/21/00    5769 Tag: A8113 Comp Eq Monitor TMX 412                   321,139.95     1,980.32  325,308.63    1,980.32
----------------------------------------------------------------------------------------------------------------------------------
LAB EQUIPMENT 1/31/91     305 Tag: A2052 1 Sola Power                    3,900.00                 3,900.00
----------------------------------------------------------------------------------------------------------------------------------
              9/30/92     306 Tag: A2380 1 Pelicon Ca                    4,454.85                 4,454.85
----------------------------------------------------------------------------------------------------------------------------------
              8/30/93     313 Tag: A3939 1 Portion No                    4,000.00                 4,000.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/95     323 Tag: A4874 TOMTEC DILU                    21,222.41                21,222.41
----------------------------------------------------------------------------------------------------------------------------------
              6/30/95     325 Tag: A2341 Vacuum Pump                     1,299.00                 1,299.00
----------------------------------------------------------------------------------------------------------------------------------
              3/31/95     326 Tag: A2206 Freezer not                     1,928.82                 1,928.82
----------------------------------------------------------------------------------------------------------------------------------
              10/31/95    331 Tag: A2841 Vacuum pump                     1,407.25                 1,407.25
----------------------------------------------------------------------------------------------------------------------------------
              3/31/96     335 Tag: A1239 Turbo Pump                      6,000.00                 6,000.00
----------------------------------------------------------------------------------------------------------------------------------
              3/31/96     340 Tag: A3941 GeneAmp-Oth                       113.00                   113.00
----------------------------------------------------------------------------------------------------------------------------------
              11/30/95    343 Tag: A3940 1 Fumehoods                    31,216.52                31,216.52
----------------------------------------------------------------------------------------------------------------------------------
              11/30/95    349 Tag: A1920 Rotary evap                     3,254.89                 3,254.89
----------------------------------------------------------------------------------------------------------------------------------
              11/30/95    354 Tag: A2757 Balance el                      1,175.72                 1,175.72
----------------------------------------------------------------------------------------------------------------------------------
              11/30/95    358 Tag: A3252 2 HTS lab r                   171,765.70               171,765.70
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     376 Tag: A2585 Concentralo                     1,950.00                 1,950.00
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     380 Tag: SF592 HPLCSystem                      9,280.00                 9,280.00
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     389 Tag: A4764 Balance BA                        945.10                   945.10
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     394 Tag: A1610 Parbal Bea                     28,316.00                28,316.00
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     398 Tag: A4988 Shaker- env                     5,722.25                 5,722.25
----------------------------------------------------------------------------------------------------------------------------------
              1/31/94     400 Tag: A4903 Adapter gl                        170.00                   170.00
----------------------------------------------------------------------------------------------------------------------------------
              5/31/92     416 Tag: SF631 1HPLC Semi                     54,745.51                54,745.51
----------------------------------------------------------------------------------------------------------------------------------
              5/31/92     417 Tag: A2228 1Fenups un                     16,602.56                16,602.56
----------------------------------------------------------------------------------------------------------------------------------
              8/31/92     422 Tag: A3286 Vertishear                      1,076.75                 1,076.75
----------------------------------------------------------------------------------------------------------------------------------
              8/31/92     433 Tag: A2489 Chromatogre                       776.00                   776.00
----------------------------------------------------------------------------------------------------------------------------------
              2/28/93     437 Tag: A2515 2Roller Rac                     7,002.00                 7,002.00
----------------------------------------------------------------------------------------------------------------------------------
              12/31/93    454 Tag: A2705  Environment                    5,727.00                 5,727.00
----------------------------------------------------------------------------------------------------------------------------------
              12/31/93    463 Tag: A2603 Pipeltor e                        704.95                   704.95
----------------------------------------------------------------------------------------------------------------------------------
              1/31/95     477 Tag: A1184 Pump - Vacuum                   1,840.00                 1,840.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/95     483 Tag: A2005 Vacuum Oven                     2,730.00                 2,730.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/95     497 Tag: A1991 SAMPLER DIL                    14,522.80                14,522.80
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      12.
<PAGE>   24

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>         <C> <C>        <C>                            <C>       <C>            <C>        <C>       <C>
              6/30/95     499 Tag: SF717 HP1090 HPLC                    62,002.77                62,002.77
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94     517 Tag: A1137 Freezer Rel                     6,099.00                 6,099.00
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94     521 Tag: A2722 Freezer Exp                     1,500.00                 1,500.00
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94     537 Tag: A4881 Racks for C                     5,450.00                 5,450.00
----------------------------------------------------------------------------------------------------------------------------------
              3/31/96     539 Tag: A4883 Composite R                     9,300.00                 9,300.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     562 Tag: A3942 BioSafety                       9,989.51                 9,989.51
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     564 Tag: A4754 4 306 pump                     60,497.45                60,497.45
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     565 Tag: A4879 4 306 pump                     58,960.65                58,960.65
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     567 Tag: A3948 215Sampler                     16,139.83                16,139.83
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     569 Tag: A3923 Environment                     7,207.56                 7,207.56
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     584 Tag: A3238 Fluoslar re                    29,456.84                29,456.84
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     586 Tag: A3243 Column The                      4,256.75                 4,256.75
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96     591 Tag: A3943 Analytical                      6,081.49                 6,081.49
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     595 Tag: A3251 Saw-Isomer                      3,794.71                 3,794.71
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     599 Tag: A1708 Computer - C                    3,637.63                 3,637.63
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     601 Tag: A2389 NECGNC 4MB                      1,661.83                 1,661.83
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     604 Tag: A2016 Powermac 75                     3,432.56                 3,432.56
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     606 Tag: A2039 Powermac 76                    20,147.80                20,147.80
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     609 Tag: A2222 Powermac 76                    14,471.89                14,471.89
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     632 Tag: A2200 Rotary Evap                     3,750.86                 3,750.86
----------------------------------------------------------------------------------------------------------------------------------
              8/31/96     637 Tag: A2484 Oven-Vacuum                     1,949.46                 1,949.46
----------------------------------------------------------------------------------------------------------------------------------
              9/30/95     644 Tag: A1173 Fraction Co                     3,150.74                 3,150.74
----------------------------------------------------------------------------------------------------------------------------------
              10/31/93    646 Tag: A4901 Temperature                     1,034.14                 1,034.14
----------------------------------------------------------------------------------------------------------------------------------
              10/31/93    656 Tag: A3983 Vacuum Pump                     6,442.00                 6,442.00
----------------------------------------------------------------------------------------------------------------------------------
              10/31/93    658 Tag: A4765 Mettler Bat                     3,030.00                 3,030.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93     665 Tag: A4068 Vacuunm Pump                    1,030.40                 1,030.40
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93     668 Tag: A2706 Sheker- env                     1,022.58                 1,022.58
----------------------------------------------------------------------------------------------------------------------------------
              9/30/96     676 Tag: A4880 Pumphead                        1,513.24                 1,513.24
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     734 Tag: A4753 PUMPHEAD M                      1,513.24                 1,513.24
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     738 Tag: A2612 BALANCE ANA                     2,715.99                 2,715.99
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     739 Tag: A2613 ANALYTICAL                      2,716.00                 2,716.00
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     742 Tag: A2610 EVAPORATOR                      3,278.89                 3,278.89
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     743 Tag: A2621 EVAPORATOR                      3,278.89                 3,278.89
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     746 Tag: A3982 PUMP22 I-W                      2,507.78                 2,507.78
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     747 Tag: A3231 HYDRA 96 MI                    20,026.25                20,026.25
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     753 Tag: A2635 ANALYTICAL                      2,714.91                 2,714.91
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     754 Tag: A2636 ROTARY EVAP                     3,498.27                 3,498.27
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     755 Tag: A2637 ROTARY EVAP                     3,498.27                 3,498.27
----------------------------------------------------------------------------------------------------------------------------------
              12/1/96     756 Tag: A2676 ISOCRATIC P                     5,520.75                 5,520.75
----------------------------------------------------------------------------------------------------------------------------------
              1/1/97      774 Tag: A2719 SHAKER- REC                     4,004.17                 4,004.17
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      13.
<PAGE>   25

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>         <C> <C>        <C>                           <C>        <C>           <C>        <C>       <C>
              1/1/97      778 Tag: A1829 BUCHI ROTAR                     4,027.98                 4,027.98
----------------------------------------------------------------------------------------------------------------------------------
              1/1/97      779 Tag: A2749 METTLER TOL                     1,717.93                 1,717.93
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      806 Tag: A2717 GILSON 215                     14,392.65                14,392.65
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      808 Tag: A2748 BALANCE ANA                     7,643.02                 7,643.02
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      810 Tag: A2755 BALANCE ANA                     1,640.51                 1,640.51
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      817 Tag: A4884 2 HPLC 1100                   111,705.35               111,705.35
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      818 Tag A2776  FREEZER EXP                     1,933.35                 1,933.35
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      819 Tag: A2782 DISPENSER W                     2,741.80                 2,741.80
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      822 Tag: A2804 PUMPVACUUM                      4,751.40                 4,751.40
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      823 Tag: A2803 PUMPVACUUM                      2,375.70                 2,375.70
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      827 Tag: A2718 SYRINGE PUM                     1,551.22                 1,551.22
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      839 Tag: A3924 SHAKER RECI                     1,515.66                 1,515.66
----------------------------------------------------------------------------------------------------------------------------------
              2/1/97      841 Tag: A2821 433A-01 PE                     73,182.45                73,182.45
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      844 Tag: A2774 UPRIGHT FRE                     6,736.95                 6,736.95
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      845 Tag: A2775 UPRIGHT FRE                     6,736.95                 6,736.95
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      846 Tag: A2810 UPRIGHT FRE                     6,736.95                 6,736.95
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      849 Tag: A2747 MODULINE 12                     4,145.28                 4,145.28
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      852 Tag: A4991 GILSON PREP                    54,449.17                54,449.17
----------------------------------------------------------------------------------------------------------------------------------
              3/1/97      881 Tag: A2901 SPEEDVAC EV                    11,873.94                11,873.94
----------------------------------------------------------------------------------------------------------------------------------
              5/1/97      901 Tag: A2999 SHIMADZU HP                    24,001.30                24,001.30
----------------------------------------------------------------------------------------------------------------------------------
              5/1/97      908 Tag: A3004 COMPLETE 11                    52,815.89                52,815.89
----------------------------------------------------------------------------------------------------------------------------------
              6/1/97      933 Tag: A3083 PS API150 M                   160,788.07               160,788.07
----------------------------------------------------------------------------------------------------------------------------------
              6/1/97      939 Tag: A3081 HYDRA-96 RB                    24,356.25                24,356.25
----------------------------------------------------------------------------------------------------------------------------------
              6/1/97      944 Tag: A3090 BALANCE MET                     4,589.63                 4,589.63
----------------------------------------------------------------------------------------------------------------------------------
              6/1/97      945 Tag: A4733 VACUUM CONT                     1,353.13                 1,353.13
----------------------------------------------------------------------------------------------------------------------------------
              7/1/97      952 Tag: A3088 CONTROLLER                      2,149.86                 2,149.86
----------------------------------------------------------------------------------------------------------------------------------
              7/1/97      954 Tag: A2907 HP 8453 UV                     13,228.25                13,228.25
----------------------------------------------------------------------------------------------------------------------------------
              8/1/97      977 Tag: A3131 VACUUM PUMP                     2,376.70                 2,376.70
----------------------------------------------------------------------------------------------------------------------------------
              9/1/97      997 Tag: A4890 4 SETS SURG                     9,000.11                 9,000.11
----------------------------------------------------------------------------------------------------------------------------------
              10/1/97    1036 Tag: A4824 ROLIFT WALK                     7,734.95                 7,734.95
----------------------------------------------------------------------------------------------------------------------------------
              11/1/97    1049 Tag: A3204 HYDRA-96 FL                    22,489.65                22,489.65
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1081 Tag: A3229 2 PCS VACUU                     4,493.60                 4,493.60
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1083 Tag: A3201 215GILSON                      17,784.80                17,784.80
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1086 Tag: A3240 REFRIGERATO                     1,683.29                 1,683.29
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1087 Tag: A3227 2 PCS ROTAR                     8,140.40                 8,140.40
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1088 Tag: A3223 4 PCS MODIF                     4,416.60                 4,416.60
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1089 Tag: A3219 4 PCS CUXTO                    12,365.50                12,365.50
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1090 Tag: A3232 2 PCS DIAPH                     2,318.72                 2,318.72
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1094 Tag: A3235 MASTERPRO B                     2,273.25                 2,273.25
----------------------------------------------------------------------------------------------------------------------------------
              12/1/97    1096 Tag: A3944 ANALYTICAL                      3,072.14                 3,072.14
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      14.
<PAGE>   26

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>        <C>  <C>        <C>                           <C>        <C>           <C>         <C>       <C>
              1/1/98     1103 Tag: A3236 PUMPRV 5 T                      1,411.58                 1,411.58
----------------------------------------------------------------------------------------------------------------------------------
              1/1/98     1109 Tag: SF137 FREEZEMOBIL                    14,376.56                14,376.56
----------------------------------------------------------------------------------------------------------------------------------
              1/1/98     1118 Tag: N/A   GENEVAC HT                     66,963.63                66,963.63
----------------------------------------------------------------------------------------------------------------------------------
              2/1/98     1122 Tag: A3251 FLEXCHEM RO                     9,634.25                 9,634.25
----------------------------------------------------------------------------------------------------------------------------------
              2/1/98     1123 Tag: A3249 FLEXCHEM RO                    13,531.25                13,531.25
----------------------------------------------------------------------------------------------------------------------------------
              2/1/98     1124 Tag: A3252 TECAN GENES                    99,548.25                99,548.25
----------------------------------------------------------------------------------------------------------------------------------
              2/1/98     1129 Tag: A3253 DELLOPTIFL                      3,429.35                 3,429.35
----------------------------------------------------------------------------------------------------------------------------------
              3/1/98     1150 Tag: A3272 HYDRA-96 R                     22,407.75                22,407.75
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1159 Tag: A6018 RECIPROCAL                      1,219.98                 1,219.98
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1160 Tag: A6019 RECIPROCAL                      1,219.98                 1,219.98
----------------------------------------------------------------------------------------------------------------------------------
              4/1/98     1183 Tag: A6160 RECIPROCAL                      1,219.98                 1,219.98
----------------------------------------------------------------------------------------------------------------------------------
              2/6/97     1196 Tag: SF146 Robol for C                    49,707.23                49,707.23
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1200 Tag: A7055 API150 MAS                    144,500.12               144,500.12
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1201 Tag: A6297 215LIQUID                      18,952.58                18,952.58
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1203 Tag: A6307 HYDRA 96R                      22,407.75                22,407.75
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1206 Tag: A6732 ENHANCED DA                     2,313.30                 2,313.30
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1207 Tag: A6731 SYSTEM CONT                    10,649.28                10,649.28
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1212 Tag: A6450 SEDEX 55 E.                    16,671.50                16,671.50
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1213 Tag: A6595 SEDEX 55 E.                    16,671.50                16,671.50
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1214 Tag: A6584 HP BINARY P                    12,852.32                12,852.32
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1215 Tag: A6585 HP BINARY P                    12,852.31                12,852.31
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1216 Tag: A6586 HP 1100 VAC                     2,520.06                 2,520.06
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1217 Tag: A6585 HP 1100 VAC                     2,520.06                 2,520.06
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1218 Tag: A6688 HP 1100 THE                     4,215.85                 4,215.85
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1219 Tag: A6589 HP  1100 THE                    4,215.85                 4,215.85
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1220 Tag: A6590 HP 1100 DIOD                   12,852.31                12,852.31
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1221 Tag: A6591 HP 1100 DIOD                   12,852.31                12,852.31
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1222 Tag: A6440 HP 1100 BINA                   12,852.31                12,852.31
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1223 Tag: A6441 HP 1100 VAC                     2,520.06                 2,520.06
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1224 Tag: A6442 HP 1100 AUT                     9,660.23                 9,660.23
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1225 Tag: A6444 HP 110 DIOD                    14,149.09                14,149.09
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1226 Tag: A6443 HP 1100 THE                     2,535.80                 2,535.80
----------------------------------------------------------------------------------------------------------------------------------
              5/1/98     1227 Tag: A6445 SINGLE lNST                    15,548.78                15,548.78
----------------------------------------------------------------------------------------------------------------------------------
              8/1/98     1375 Tag: A7032 RAININ GRAD                    58,686.87                58,686.87
----------------------------------------------------------------------------------------------------------------------------------
              9/1/98     1381 Tag: A7011 SERIAL TEAC                     1,206.99                 1,206.99
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1414 Tag: A7067 Pump corrosion resistant        2,711.47                 2,711.47
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1431 Tag: A7074 HYDRA 96 FL                    23,138.44                23,138.44
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1432 Tag: A7069 RECIPROCAL                      1,177.22                 1,177.22
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1433 Tag: A7070 RECIPROCAL                      1,177.22                 1,177.22
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1434 Tag: A7071 RECIPROCAL                      1,177.23                 1,177.23
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      15.
<PAGE>   27

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>        <C>  <C>        <C>                            <C>       <C>            <C>        <C>       <C>
              10/1/98    1440 Tag: N/A   IMPACT 2-8                      2,347.72                 2,347.72
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1441 Tag: N/A   IMPACT 2-12                     2,577.03                 2,577.03
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1442 Tag: A7078 TOWDOOR RE                      1,780.88                 1,780.88
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1443 Tag: A7081 HYDRA 96 DI                    23,138.44                23,138.44
----------------------------------------------------------------------------------------------------------------------------------
              11/1/98    1449 Tag: A7066 HP 3590E A                      3,026.77                 3,026.77
----------------------------------------------------------------------------------------------------------------------------------
              11/1/98    1459 Tag: A7087 Reciprocal                      1,187.52                 1,187.52
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1488 Tag. A7099 BUCHI MODEL                     3,298.95                 3,298.95
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1489 Tag: A7100 BUCHI MODEL                     3,298.95                 3,298.95
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1490 Tag: A7101 BUCHI MODEL                     3,298.95                 3,298.95
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1491 Tag: A7102 BUCHI MODEL                     3,298.96                 3,298.96
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1493 Tag: A7103 BALANCE-S                       2,747.54                 2,747.54
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1496 Tag: A7094 HT 12EVAPOR                    87,346.93                87,346.93
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1497 Tag: A7470 DIGITAL VAC                     1,227.23                 1,227.23
----------------------------------------------------------------------------------------------------------------------------------
              12/1/98    1498 Tag: A7108 DIGITAL VAC                     1,227.22                 1,227.22
----------------------------------------------------------------------------------------------------------------------------------
              1/1/99     1508 Tag: A7109 WORKSTATION                     2,368.34                 2,368.34
----------------------------------------------------------------------------------------------------------------------------------
              1/1/99     1511 Tag: A7114 MODULINE 12                     1,785.15                 1,785.15
----------------------------------------------------------------------------------------------------------------------------------
              12/7/98    4902 Tag: A7117 LabEq Ove                       2,226.28                 2,226.28
----------------------------------------------------------------------------------------------------------------------------------
              11/18/98   4905 Tag: A7110 Reciprocal                      1,201.92                 1,201.92
----------------------------------------------------------------------------------------------------------------------------------
              2/5/99     4908 Tag: A7155 LabEq-Frz                       5,949.67                 5,949.67
----------------------------------------------------------------------------------------------------------------------------------
              2/5/99     4909 Tag: A7156 LabEq Frz                       5,949.67                 5,949.67
----------------------------------------------------------------------------------------------------------------------------------
              2/23/99    5024 Tag: A7160 LabEq Free                     14,911.39                14,911.39
----------------------------------------------------------------------------------------------------------------------------------
              2/23/99    5025 Tag: A7161 LabEq Unit                     22,940.00                22,940.00
----------------------------------------------------------------------------------------------------------------------------------
              2/23/99    5026 Tag        LabEq Gene                     12,370.23                12,370.23
----------------------------------------------------------------------------------------------------------------------------------
              2/24/99    5027 Tag        LabEq Fume                     19,537.74                19,537.74
----------------------------------------------------------------------------------------------------------------------------------
              3/9/99     5039 Tag: A7162 LabEq Auto                     22,106.92                22,106.92
----------------------------------------------------------------------------------------------------------------------------------
              3/24/99    5054 Tag: A7168 LabEq Acqu                     14,223.88                14,223.88
----------------------------------------------------------------------------------------------------------------------------------
              3/24/99    5055 Tag: A7168 LabEq SGI                      14,693.27                14,693.27
----------------------------------------------------------------------------------------------------------------------------------
              3/24/99    5056 Tag: A7168 LabEq Jus                       1,417.65                 1,417.65
----------------------------------------------------------------------------------------------------------------------------------
              3/15/99    5079 Tag:       LabEq HPLC                     82,142.85                82,142.85
----------------------------------------------------------------------------------------------------------------------------------
              6/11/99    5088 Tag: A7202 LabEq Flex                     48,333.63                48,333.63
----------------------------------------------------------------------------------------------------------------------------------
              5/28/99    5095 Tag: A7198 LabEq Larg                      1,589.17                 1,589.17
----------------------------------------------------------------------------------------------------------------------------------
              1/19/99    5204 Tag: 7163  LabEq HPLC                     57,736.51                57,736.51
----------------------------------------------------------------------------------------------------------------------------------
              7/19/99    5227 Tag: A8020 LabEq HPLC                     55,528.19                55,528.19
----------------------------------------------------------------------------------------------------------------------------------
              5/18/99    5229 Tag: A7170 LabEq Ref/                      1,737.56                 1,737.56
----------------------------------------------------------------------------------------------------------------------------------
              7/21/99    5239 Tag:       LabEq Auto                     51,765.15                51,765.15
----------------------------------------------------------------------------------------------------------------------------------
              12/15/98   5252 Tag: A7110 LabEq Shak                      2,369.21                 2,369.21
----------------------------------------------------------------------------------------------------------------------------------
              1/7/99     5254 Tag  A7123 LabEq Vacu                      2,542.13                 2,542.13
----------------------------------------------------------------------------------------------------------------------------------
              1/7/99     5255 Tag: A7124 LabEq Auto                      9,703.34                 9,703.34
----------------------------------------------------------------------------------------------------------------------------------
              1/7/99     5256 Tag: A7125 LabEq Ther                      2,557.89                 2,557.89
----------------------------------------------------------------------------------------------------------------------------------
              1/7/99     5257 Tag: A7126 LabEq Vari                      5,912.74                 5,912.74
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      16.
<PAGE>   28

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00  10/31/99    3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>        <C>  <C>        <C>                            <C>       <C>            <C>        <C>       <C>
              8/25/99    5297 Tag: A2026 LabEq Bala                      3,536.53                 3,536.53
----------------------------------------------------------------------------------------------------------------------------------
              10/4/99    5322 Tag: A8033 Impact Exp                      1,347.85                 1,347.85
----------------------------------------------------------------------------------------------------------------------------------
              10/4/99    5323 Tag: A8034 Impact Exp                      1,347.85                 1,347.85
----------------------------------------------------------------------------------------------------------------------------------
              10/4/99    5324 Tag: A8035 Impact 2-12                     1,333.64                 1,333.64
----------------------------------------------------------------------------------------------------------------------------------
              10/4/99    5325 Tag: A8036 lmpact 2-12                     1,333.63                 1,333.63
----------------------------------------------------------------------------------------------------------------------------------
              10/4/99    5326 Tag: A8037 lmpact 2-12                     1,333.63                 1,333.63
----------------------------------------------------------------------------------------------------------------------------------
              10/5/99    5327 Tag: A8038 lmpact 2 B                      1,219.76                 1,219.76
----------------------------------------------------------------------------------------------------------------------------------
              10/5/99    5328 Tag: A8039 Impact 2 B                      1,219.77                 1,219.77
----------------------------------------------------------------------------------------------------------------------------------
              10/5/99    5329 Tag: A8040 Impact 2 B                      1,219.77                 1,219.77
----------------------------------------------------------------------------------------------------------------------------------
              9/29/99    5338 Tag: A8032 LabEq Isop                     48,774.65                48,774.65
----------------------------------------------------------------------------------------------------------------------------------
              9/21/99    5339 Tag        LabEq Isop                     48,778.00                48,778.00
----------------------------------------------------------------------------------------------------------------------------------
              12/1/99    5349 Tag: REC V LabEq Fume                    158,878.80               158,878.80
----------------------------------------------------------------------------------------------------------------------------------
              11/29/99   5355 Tag: A8057 LabEq Seri                                               2,609.34                2,609.34
----------------------------------------------------------------------------------------------------------------------------------
              12/6/99    5356 Tag: A8059 LabEq Chro                                               6,023.79                6,023.79
----------------------------------------------------------------------------------------------------------------------------------
              12/10/99   5637 Tag: A8063 LabEq Funn                                               1,904.43                1,904.43
----------------------------------------------------------------------------------------------------------------------------------
              12/17/99   5638 Tag: A8064 LabEq RS23                                               2,005.89                2,005.89
----------------------------------------------------------------------------------------------------------------------------------
              12/30/99   5639 Tag: A8073 LabEq Sava                                              22,943.56               22,943.56
----------------------------------------------------------------------------------------------------------------------------------
              12/30/99   5640 Tag: A8074 LabEq Sava                                              22,943.56               22,943.56
----------------------------------------------------------------------------------------------------------------------------------
              1/13/00    5642 Tag: A8077 LabEq Sava                                              23,120.95               23,120.95
----------------------------------------------------------------------------------------------------------------------------------
              1/13/00    5643 Tag: A8078 LabEq Sava                                              23,120.95               23,120.95
----------------------------------------------------------------------------------------------------------------------------------
              12/2/99    5645 Tag: A8060 LabEq Port                                               3,311.37                3,311.37
----------------------------------------------------------------------------------------------------------------------------------
              12/7/99    5647 Tag: A8061 LabEq Oxyg                                               2,656.91                2,656.91
----------------------------------------------------------------------------------------------------------------------------------
              1/11/00    5648 Tag: A8079 LabEq Save                                              22,588.80               22,588.80
----------------------------------------------------------------------------------------------------------------------------------
              1/10/00    5649 Tag: A8065 LabEq Free                                               1,953.91                1,953.91
----------------------------------------------------------------------------------------------------------------------------------
              12/1/99    5650 Tag: A8057 LabEqRecip                                               1,245.32                1,245.32
----------------------------------------------------------------------------------------------------------------------------------
              12/1/99    5651 Tag: A8058 LabEq Reci                                               1,245.31                1,245.31
----------------------------------------------------------------------------------------------------------------------------------
              2/2/00     5692 Tag: A3238 Lab Eq Fast Stack Microlitre                             7,820.00                7,820.00
----------------------------------------------------------------------------------------------------------------------------------
              1/4/00     5693 Tag: A8066 2000 LabEq HPB                                          38,723.33               38,723.33
----------------------------------------------------------------------------------------------------------------------------------
              11/16/99   5694 Tag: A8042 2000 LabEq HP B                                         31,344.47               31,344.47
----------------------------------------------------------------------------------------------------------------------------------
              1/26/00    5695 Tag: A2228 2000 LabEq Optx                                         17,364.72               17,364.72
----------------------------------------------------------------------------------------------------------------------------------
              2/5/00     5713 Tag: A8064 Lab Eq RS232 Interface                                   2,450.00                2,450.00
----------------------------------------------------------------------------------------------------------------------------------
              1/17/00    5719 Tag: A8082 2000 Speedvac sy                                        22,538.80               22,538.80
----------------------------------------------------------------------------------------------------------------------------------
              2/22/00    5720 Tag: A8097 Lab Eq Oven lrg micro vacu                               5,674.03                5,674.03
----------------------------------------------------------------------------------------------------------------------------------
              3/17/00    5767 Tag: A8115 Lab Eq Advaned Video Microsco            3,119,410.60    2,330.50  3,385,330.54  2,330.50
----------------------------------------------------------------------------------------------------------------------------------
FURNITURE     9/30/93      32 Tag: A3912 6 Felxion I                     2,321.00                 2,321.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/94      36 Tag: A1962 1 Modules F                     9,965.01                 9,965.01
----------------------------------------------------------------------------------------------------------------------------------
              6/30/96      55 Tag: SEE C 40 Concert                     14,375.60                14,375.60
----------------------------------------------------------------------------------------------------------------------------------
              7/31/96      58 Tag: A3973 6 Superior                      2,369.59                 2,369.59
----------------------------------------------------------------------------------------------------------------------------------
              9/1/97     1013 Tag: SEE C 4 PCS TASK                      1,039.20                 1,039.20
----------------------------------------------------------------------------------------------------------------------------------
              9/1/97     1027 Tag: A3150 6 PCS CHAIR                     1,149.62                 1,149.62
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      17.
<PAGE>   29

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                      ADDITIONS FR
              SERVICE SYSTEM                                                     GL BALANCE   COST        GL BALANCE  10/31/99
              DATE    ASSET # TAG #      DESCRIPTION                    10/31/00 10/31/99     3/31/2000   3/31/00     TO 3/31/00
----------------------------------------------------------------------------------------------------------------------------------
<S>           <C>        <C>  <C>        <C>                            <C>       <C>            <C>        <C>       <C>
              11/1/97    1047 Tag: SEE C 20 PCS OFFI                     4,801.99                 4,801.99
----------------------------------------------------------------------------------------------------------------------------------
              11/1/97    1048 Tag: SEE C 10 GUEST CH                     1,317.41                 1,317.41
----------------------------------------------------------------------------------------------------------------------------------
              11/1/97    1051 Tag: SEE C 10 pcs office chair burgundy    2,401.00                 2,401.00
----------------------------------------------------------------------------------------------------------------------------------
              7/1/98     1271 Tag: N/A   BOBREED'S                      10,884.34                10,884.34
----------------------------------------------------------------------------------------------------------------------------------
              10/1/98    1428 Tag: N/A   FURNlTURE F                     4,857.65                 4,867.65
----------------------------------------------------------------------------------------------------------------------------------
              4/1/99     5057 Tag:       Fn Glasswar                     3,708.00                 3,708.00
----------------------------------------------------------------------------------------------------------------------------------
              12/1/89    5350 Tag.       Retrohr Ex                      8,953.06   68,153.47     8,953.06   68,153.47
----------------------------------------------------------------------------------------------------------------------------------
FIXTURE       4/12/99    5096 Tag:       Fx Frames I                     2,162.38    2,162.38     2,162.38    2,162.38
----------------------------------------------------------------------------------------------------------------------------------
Leased CP     7/1/96     3258 Tag: 1501  Storage Ser                    71,800.00   71,800.00    71,800.00   71,800.00
----------------------------------------------------------------------------------------------------------------------------------
Leased Lab Eq 5/31/93    1581 Tag: A1036 800per Mon                        155.00                   155.00
----------------------------------------------------------------------------------------------------------------------------------
              5/31/93    1592 Tag: A4078 Chromatogra                     2,441.00                 2,441.00
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1630 Tag: A5408 6 Tables                          221.39                   221.39
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1631 Tag: A5000 6 Tables                          221.39                   221.39
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1632 Tag: A3867 6 Tables                          221.39                   221.39
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1633 Tag: A3871 5 Table                           202.67                   202.67
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1640 Tag. A2995 LaserWriter                     2,597.99                 2,597.99
----------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1652 Tag: A2080 Rotary Cull                       430.10                   430.10
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1661 Tag: A4777 Tekmar Spee                       298.00                   298.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1662 Tag: A4778 Electrophor                       785.00                   785.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1675 Tag: A4779 604U-R Auto                     3,137.00                 3,137.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1677 Tag: A4780 Rotor Horiz                       561.00                   561.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1678 Tag: A2229 VacGage w                         273.27                   273.27
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1679 Tag: A4781 Rotor-Hon                         329.00                   329.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1680 Tag: A4782 Trunnion Ri                        52.00                    52.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1681 Tag: A4783 Trunnion Ri                        52.00                    52.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1682 Tag: A4784 Shield Sea                        289.76                   289.76
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1691 Tag: A2243 AirSensor                       1,013.60                 1,013.60
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1701 Tag: A1174 Retriever 5                       950.00                   950.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1713 Tag: A4872 Omnigene Th                     5,290.00                 5,290.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1716 Tag: A4787 GenePulser                        920.00                   920.00
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1734 Tag: A4882 Pre-Filter                        211.20                   211.20
----------------------------------------------------------------------------------------------------------------------------------
              7/31/93    1736 Tag: A4752 HR Flow Cel                     1,352.00                 1,352.00
----------------------------------------------------------------------------------------------------------------------------------
              9/30/93    1763 Tag: A3284 Diluter 799                     2,771.00                 2,771.00
----------------------------------------------------------------------------------------------------------------------------------
              9/30/93    1770 Tag: A5479 Sony CB 0003                    2,310.00                 2,310.00
----------------------------------------------------------------------------------------------------------------------------------
              12/31/93   1796 Tag: A1748 Waler Aspir                     1,616.76                 1,616.76
----------------------------------------------------------------------------------------------------------------------------------
              12/31/93   1802 Tag: A2753 110gBalanc                      1,420.00                 1,420.00
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1852 Tag: A2724 BioPilot                       55,128.22                55,128.22
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1856 Tag: A3579 Laserwriter                     4,371.00                 4,371.00
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1862 Tag: A3945 Computers                       2,780.00                 2,780.00
----------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1870 Tag: A3933 Laminat Flo                    11,952.44                11,952.44
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                      18.
<PAGE>   30

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
              IN                                                                                                        ADDITIONS FR
              SERVICE SYSTEM                                                GL BALANCE     COST           GL BALANCE    10/31/99
              DATE    ASSET # TAG #      DESCRIPTION             10/31/00   10/31/99       3/31/2000      3/31/00       TO 3/31/00
------------------------------------------------------------------------------------------------------------------------------------
<S>           <C>     <C>     <C>        <C>                 <C>            <C>            <C>            <C>           <C>
              4/30/94    1871 Tag: A3937 PD pumps                 3,309.25                     3,309.25
------------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1873 Tag: A1825 Ultrafilter             13,898.50                    13,898.50
------------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1876 Tag: A3931 Nalgene Tan             11,444.50                    11,444.50
------------------------------------------------------------------------------------------------------------------------------------
              4/30/94    1877 Tag: A3946 Flowmeters              11,313.00                    11,313.00
------------------------------------------------------------------------------------------------------------------------------------
              8/31/94    1883 Tag: A3913 Osmometer                4,236.00                    4,236.00
------------------------------------------------------------------------------------------------------------------------------------
              7/31/95    1902 Tag: KH558 NMR-270                195,000.00    343,557.43     195,000.00     343,557.43
------------------------------------------------------------------------------------------------------------------------------------
leased        4/30/93    1545 Tag: A5442 Corner Tabl                 59.00                        59.00
Furniture
------------------------------------------------------------------------------------------------------------------------------------
              5/31/93    1550 Tag: A5568 Holga 5 Dra              3,935.65                     3,935.65
------------------------------------------------------------------------------------------------------------------------------------
              5/31/93    1557 Tag: A4080 8 Brevel Ch              1,776.00                     1,776.00
------------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1558 Tag: A1351 DeskChair                  458.25                       458.25
------------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1561 Tag: A4082 DeskChair                  458.25                       458.25
------------------------------------------------------------------------------------------------------------------------------------
              6/30/93    1562 Tag: A4083 DeskChair                  458.25                       458.25
------------------------------------------------------------------------------------------------------------------------------------
              8/31/93    1570 Tag: A3865 5-5 Table                1,013.35                     1,013.35
------------------------------------------------------------------------------------------------------------------------------------
              8/31/93    1573 Tag: A1705 36562Worksl                424.68      8,583.43         424.68        8,583.43
------------------------------------------------------------------------------------------------------------------------------------
Leasehold     3/31/94     279 Tag: A3934 Vacuum For               2,918.00                     2,918.00
Impr Bd
------------------------------------------------------------------------------------------------------------------------------------
              1/31/95     284 Tag: A4073 Hood-Peptide Lab         7,462.00                     7,462.00
------------------------------------------------------------------------------------------------------------------------------------
              2/28/95     285 Tag: A3938 ExHaust hpp              2,320.00     12,700.00       2,320.00       12,700.00
------------------------------------------------------------------------------------------------------------------------------------
Ofc           4/30/94      70 Tag: A1951 42 Round ch                982.55                       982.55
Equipment
------------------------------------------------------------------------------------------------------------------------------------
              8/31/91      71 Tag: SEE C 12 Ergon Mg              2,971.80                     2,971.80
------------------------------------------------------------------------------------------------------------------------------------
              8/31/91      74 Tag: A5343 12 Ergon Mg              2,971.80                     2,971.80
------------------------------------------------------------------------------------------------------------------------------------
              8/31/91      75 Tag: SEE C 12 Ergon Si              2,670.00                     2,670.00
------------------------------------------------------------------------------------------------------------------------------------
              9/30/91      81 Tag: A5431 2 30x60 Sin              1,074.00                     1,074.00
------------------------------------------------------------------------------------------------------------------------------------
              7/1/97      967 Tag: A4873 KODAK EKTAG              1,127.71                     1,127.71
------------------------------------------------------------------------------------------------------------------------------------
              9/1/97     1024 Tag: A4072 4 PCS OVERH              1,381.27                     1,381.27
------------------------------------------------------------------------------------------------------------------------------------
              9/1/97     1025 Tag: A3400 3 PCS EKTAG              2,172.58                     2,172.58
------------------------------------------------------------------------------------------------------------------------------------
              1-/1/97    1031 Tag: A3145 2 PCS XEROX              4,522.69     19,874.40       4,522.69       19,874.40
------------------------------------------------------------------------------------------------------------------------------------
Leasehold     various various 10/31/99   Oysler Point LI      2,976,277.36  2,976,277.36   2,978,732.56    2,978,732.56     2,455.20
Impr Bd.                                 (55% of 54114
------------------------------------------------------------------------------------------------------------------------------------
                               3/31/00   Oysler Poinl Ll(55%
                                         of 5415B77.38)
------------------------------------------------------------------------------------------------------------------------------------
SOFTWARE      9/30/95       9 Tag: A4786 1 BIOSYM                43,253.56                    43,253.56
------------------------------------------------------------------------------------------------------------------------------------
              3/5/99     5099 Tag:       SOFTWARE Mi              3,610.69     46,864.25       3,610.69       46,864.25
------------------------------------------------------------------------------------------------------------------------------------
                                                              6,990,523.27  6,990,523.27   7,263,067.09    7,263,067.09   272,543.82
-------------------------------------------------------------=======================================================================
</TABLE>

                                      19.
<PAGE>   31

                                  SCHEDULE 1.4

                               ASSIGNED CONTRACTS

Research Agreement with Pharmacia & Upjohn dated February 29, 1996, as amended.

Combinatorial Chemistry Agreement with Warner-Lambert Company dated May 15,
1998.

Combinatorial Chemistry Agreement with Signal Pharmaceuticals, Inc. dated July
6, 1998.

Combinatorial Chemistry Agreement with Rhone-Poulenc Rorer dated December 22,
1998.

Combinatorial Chemistry Agreement with Protein Design Labs, Inc. dated December
28, 1998.

Combinatorial Chemistry Agreement with Novalon Pharmaceutical Corporation dated
June 28, 1999.

                                       1.
<PAGE>   32

                                  SCHEDULE 1.5

                    GENERAL DESCRIPTION OF ASSIGNED KNOW-HOW

All know-how pertaining to the protocols set forth in Schedule 1.7

                                       1.
<PAGE>   33

                                  SCHEDULE 1.6

                                ASSIGNED PATENTS

                                 (see attached)

                                       1.
<PAGE>   34

PATENTS AND PATENT APPLICATIONS:

1.      U.S. Patent No. 5,703,792
        THREE DIMENSIONAL MEASUREMENT OF MOLECULAR DIVERSITY
               Issued 12/30/97

2.  U.S. Patent No. 5,526,281
        MACHINE LEARNING APPROACH TO MODELING BIOLOGICAL ACTIVITY FOR MOLECULAR
        DESIGN AND TO MODELING OTHER CHARACTERISTICS Issued 6/11/96

3.  US. Patent No. 5,576,220
        THIN FILM HPMP MATRIX SYSTEMS AND METHODS FOR CONSTRUCTION AND
        DISPLAYING LIGANDS
               Issued 11/19/96

4.  U.S. Patent No. 5,585,275
        PILOT APPARATUS FOR PEPTIDE SYNTHESIS AND SCREENING
               Issued 12/17/96

5.  U.S. Patent No. 5,591,646
        METHOD AND APPARATUS FOR PEPTIDE SYNTHESIS AND SCREENING
               Issued 1/7/97

6.  U.S. Patent Application Serial No. 08/989,204
        NOVEL SOLID-PHASE SYNTHESIS TECHNIQUES FOR PREPARING MULTIPLE ANALOGOUS
        COMPOUNDS
               Filed 12/11/97

7.  U.S. Patent Application Serial No. 09/353,158
        PROCESS FOR SYNTHESIS OF BENZOPYRAN DERIVATIVES
               Filed 7/14/99

8.  U.S. Patent Application Serial No. 09/375,803
        PROCESS FOR THE SYNTHESIS OF TRIAZOLOPYRIDIZINE COMPOUNDS
               Filed 8/17/99

9 . U.S. Patent Application Serial No. 09/435,517
        PROCESS FOR THE SYNTHESIS OF QUINAZOLINONES
               Filed 11/8/99

10. U.S. Patent Application Serial No. 09/519,944
        PROCESS FOR THE SYNTHESIS OF DIHYDROPYRIDONES
               Filed 3/7/00

11. U.S. Patent Application Serial No. 09/527,626
        SOLID PHASE SYNTHESIS OF BENZODIAZEPINES DIONES
               Filed 3/16/00

12. U.S. Patent Application Serial No. 09/520,500
        PROLINE DERIVATIVES AND SYNTHESIS THEREOF
               Filed 3/10/00

                                       1.
<PAGE>   35

13. U.S. Patent Application Serial No. 60/142,202
        PROCESS FOR SYNTHESIZING OXADIAZOLES
               Filed 7/1/99

14. U.S. Patent Application Serial No. 60/142,163
        INDOLE SYNTHESIS
               Filed 7/1/99

15. US. Patent Application Serial No. 60/147,451
        SOLID PHASE SYNTHESIS OF HETEROCYCLES
               Filed 8/4/99

16. U.S. Patent Application Serial No. 60/148,169
        SYNTHESIS OF PROTEASE SUBSTRATES
               Filed 8/10/99

17. U.S. Patent Application Serial No. 60/152,005
        PROCESS FOR SYNTHESIZING ISOXAZOLIDINES
               Filed 9/1/99

18. U.S. Patent Application Serial No. 60/151,962
        PROCESS FOR SYNTHESIZING ISOXAZOLINES AND ISOXAZOLES
               Filed 9/1/99

19. U.S. Patent Application Serial No. 60/168,836
        PROCESS FOR THE SYNTHESIS OF PYRAZOLINES
               Filed 12/3/99

20. U.S. Patent Application Serial No. 60/189,067
        QUINAZOLINE SYNTHESIS
               Filed 3/13/00

21. U.S. Patent Application Serial No. 60/191,886
        PROCESS FOR THE SYNTHESIS OF PYRAZOLE DIONES
               Filed 3/23/00

22. U.S. Patent Application Serial No. 60/192,024
        SYNTHESIS OF SOLID SUPPORTED DIHYROPRIDINES
               Filed 3/24/00

23. U.S. Patent Application Serial No. 60/196,061
        PROCESS FOR SYNTHESIZING ISOQUINOLONE INTERMEDIATES
               Filed 4/10/00

                                       2.
<PAGE>   36

                                  SCHEDULE 1.7

                               ASSIGNED PROTOCOLS

                                 (see attached)

                                       1.
<PAGE>   37

AAT Library Protocols
1996-Present

--------------------------------
Library           Group
--------------------------------
AMB001            Combi
--------------------------------
AMB002            Combi
--------------------------------
AMB003            Combi
--------------------------------
AMB004            Combi
--------------------------------
AMB006            Combi
--------------------------------
AMB101            Combi
--------------------------------
AMB102            Combi
--------------------------------
AMB103            Combi
--------------------------------
BAB003            Combi
--------------------------------
BAB005            Combi
--------------------------------
BAB006            Combi
--------------------------------
BAB007            Combi
--------------------------------
BAB009            Combi
--------------------------------
BAB011            Combi
--------------------------------
BAB106            Combi
--------------------------------
BAB206            Combi
--------------------------------
BRZ015-018        Combi
--------------------------------
BR2019            Combi
--------------------------------
BR2020            Combi
--------------------------------
BRZ021            Combi
--------------------------------
BRZ022            Combi
--------------------------------
BRZ023            Combi
--------------------------------
BRZ024            Combi
--------------------------------
BRZ122            Combi
--------------------------------
BRZ123            Combi
--------------------------------
BRZ124            Combi
--------------------------------
BRZ223            Combi
--------------------------------
CP3               Combi
--------------------------------
CP4               Combi
--------------------------------
CP5               Combi
--------------------------------
CP6               Combi
--------------------------------
CP7               Combi
--------------------------------
CQL001            Combi
--------------------------------
CQL002            Combi
--------------------------------
CQL003            Combi
--------------------------------
CQL004            Combi
--------------------------------
CQL005            Combi
--------------------------------
CQL006            Combi
--------------------------------
CQL101            Combi
--------------------------------
CQL104            Combi
--------------------------------
CQL105            Combi
--------------------------------
CQL201            Combi
--------------------------------
CQL204            Combi
--------------------------------
CQL006            Combi
--------------------------------
DC7               Combi
--------------------------------
DC2               Combi
--------------------------------
DR1               Combi
--------------------------------
DR2               Combi
--------------------------------
DR3               Combi
--------------------------------
DR5               Combi
--------------------------------

<PAGE>   38

AAT Library Protocols
1996-Present

--------------------------------
DR6               Combi
--------------------------------
DR7               Combi
--------------------------------
DSC001            Combi
--------------------------------
DSC002            Combi
--------------------------------
DSC003            Combi
--------------------------------
DSC007            Combi
--------------------------------
DSC008            Combi
--------------------------------
DSC108            Combi
--------------------------------
EBK001            Combi
--------------------------------
FXW001            Combi
--------------------------------
FXW101            Combi
--------------------------------
HCH001            Combi
--------------------------------
HOE101            Combi
--------------------------------
UCP3              Combi
--------------------------------
UCP4              Combi
--------------------------------
UCP5              Combi
--------------------------------
UCP6              Combi
--------------------------------
UCP7              Combi
--------------------------------
UCP008            Combi
--------------------------------
UGB002            Combi
--------------------------------
UGB003            Combi
--------------------------------
UGB102            Combi
--------------------------------
UMD001            Combi
--------------------------------
UMD002            Combi
--------------------------------
KSY001            Combi
--------------------------------
KY1               Combi
--------------------------------
KY2               Combi
--------------------------------
KY3               Combi
--------------------------------
KY4               Combi
--------------------------------
KY5               Combi
--------------------------------
MDH1              Combi
--------------------------------
MDH2              Combi
--------------------------------
MDH003            Combi
--------------------------------
MDH019            Combi
--------------------------------
MDH020            Combi
--------------------------------
MDH021            Combi
--------------------------------
MDH11-14          Combi
--------------------------------
MDH11-15          Combi
--------------------------------
MDH24-10          Combi
--------------------------------
MJH002            Combi
--------------------------------
MJH101            Combi
--------------------------------
MJH201            Combi
--------------------------------
MJP001            Combi
--------------------------------
MJP002            Combi
--------------------------------
MJP004            Combi
--------------------------------
MJP104            Combi
--------------------------------
MJP204            Combi
--------------------------------
NAC001            Combi
--------------------------------
NAP001            Combi
--------------------------------
NAP101            Combi
--------------------------------
PPF001            Combi
--------------------------------

<PAGE>   39

AAT Library Protocols
1996-Present

--------------------------------
PPF002            Combi
--------------------------------
PPF003            Combi
--------------------------------
PPF004            Combi
--------------------------------
PPF005            Combi
--------------------------------
PPF006            Combi
--------------------------------
PPF009            Combi
--------------------------------
PPF010            Combi
--------------------------------
PPF019            Combi
--------------------------------
PPF020            Combi
--------------------------------
PPF11-18          Combi
--------------------------------
PPF120            Combi
--------------------------------
P21               Combi
--------------------------------
P22               Combi
--------------------------------
P25               Combi
--------------------------------
P26               Combi
--------------------------------
SPT001            Combi
--------------------------------
SPT002            Combi
--------------------------------
SPT003            Combi
--------------------------------
SPT004            Combi
--------------------------------
SPT102            Combi
--------------------------------
SPT103            Combi
--------------------------------
SPT104            Combi
--------------------------------
SPT105            Combi
--------------------------------
SPT201            Combi
--------------------------------
SXL1              Combi
--------------------------------
SXL2              Combi
--------------------------------
SXL3              Combi
--------------------------------
SXL4              Combi
--------------------------------
SXL5              Combi
--------------------------------
SXL6              Combi
--------------------------------
SXL7              Combi
--------------------------------
SXL9              Combi
--------------------------------
SXL010            Combi
--------------------------------
SXL011            Combi
--------------------------------
SXL012            Combi
--------------------------------
SXL013            Combi
--------------------------------
SXL101            Combi
--------------------------------
TAK001            Combi
--------------------------------
TAK101            Combi
--------------------------------
TGL001            Combi
--------------------------------
TGL101            Combi
--------------------------------
TPH001            Combi
--------------------------------
TPH002            Combi
--------------------------------
TPH003            Combi
--------------------------------
TPH101            Combi
--------------------------------
TPH102            Combi
--------------------------------
TPH201            Combi
--------------------------------
TPH202            Combi
--------------------------------
TRK001            Combi
--------------------------------
ARG501            DISCO
--------------------------------
ARG502            DISCO
--------------------------------

<PAGE>   40

AAT Library Protocols
1996-Present

--------------------------------
ARG503            DISCO
--------------------------------
ARG504            DISCO
--------------------------------
JES501            DISCO
--------------------------------
JIL401            DISCO
--------------------------------
JIL502            DISCO
--------------------------------
LIG-A01           DISCO
--------------------------------

<PAGE>   41

Production Technical Operating Procedures

Rev. Code 8 Apr 1999 JMP

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
        TITLE                             DESCRIPTION                          REV CODE         SUB-FILE
-----------------------------------------------------------------------------------------------------------
<S>                     <C>                                               <C>                   <C>
                        100 SERIES: INSTRUMENTATION
-----------------------------------------------------------------------------------------------------------

CS Validation           Validation of Computerized Systems                27 Jan 99 JMP
-----------------------------------------------------------------------------------------------------------

Sebastian Requirement   Requirements Definition Doc. for Computer         1 Feb 99 JMP
                        Systems Validate
-----------------------------------------------------------------------------------------------------------

Sebastian I.Q.          Sebastian Installation Qualification              27 Jan 99 ASL
-----------------------------------------------------------------------------------------------------------

Sebastian O.Q.          Sebastian Operational Qualification               1 Feb 99 ASL
-----------------------------------------------------------------------------------------------------------

Sebastian P.Q.          Sebastian Performance Qualification               7 Mar 99 ASL
-----------------------------------------------------------------------------------------------------------

Hydra Calibration       Calibration of the Robbins Hydra 96               3 Feb 99 JMP
-----------------------------------------------------------------------------------------------------------

Hydra                   Operating the Robbins Hydra 96                    6 March 1998 DG
-----------------------------------------------------------------------------------------------------------

Lyo/Condenser           __ating the VirTis Unitop Iyophilizer and         5 May 1997 ZTN
                        FreezeMobile cond___
-----------------------------------------------------------------------------------------------------------

Matrix                  Operating the Matrix IMPACT multichannel          5 May 1997 ZTN
                        Pipettor
-----------------------------------------------------------------------------------------------------------

Moduline                Washing with the Moduline Model A Dispenser       7 March 1998 DG
-----------------------------------------------------------------------------------------------------------

Savant                  ___rating the Savant Speedvac for concentrating   5 May 1997 ZTN
                        liquid san___
-----------------------------------------------------------------------------------------------------------

Tomtec vac box          Operating the Tomtec vacuum box                   10 April 1998 DGR
-----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   42

<TABLE>
-----------------------------------------------------------------------------------------------------------
<S>                     <C>                                               <C>                  <C>

Moduline Carousel       ___od for washing plates with the Moduline        4 March 1998 DGR
                        Automatic Car___
-----------------------------------------------------------------------------------------------------------

Supelco Visprep         Operating the Supelco Visiprep vacuum manifold    11 Dec 1996 SPT
-----------------------------------------------------------------------------------------------------------

Tecan Genesis           Operating the Tecan Genesis robot                 12 Dec 1996 DR
-----------------------------------------------------------------------------------------------------------

Genevac I.Q/O.Q         Genevac Installation/Operation Qualification      26 Nov 97 BAW
-----------------------------------------------------------------------------------------------------------

Genevac P.Q.            Genevac Performance Qualification                 3 Dec 97 BAW
-----------------------------------------------------------------------------------------------------------

Genevac                 Operating the Genevac                             9 Dec 97 BAW
-----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   43

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                        200 SERIES: LIBRARY TECHNIQUES
-----------------------------------------------------------------------------------------------------------
<S>                     <C>                                              <C>                      <C>

Clamping                Clamping production plates                       1 April 1998 DGP
-----------------------------------------------------------------------------------------------------------

N2 Drainage             Product recovery via positive pressure           6 May 1997 ZTN
-----------------------------------------------------------------------------------------------------------

Cleaving from resins    Method for cleaving compounds from resin in      27 May 1997 ZTN
                        PolyFil plate
-----------------------------------------------------------------------------------------------------------

Swirl and plate         Transferring resin to Polyfilltronics plates     7 May 1997 ZTN
                        from tritted cartridge to ___
-----------------------------------------------------------------------------------------------------------

Protocol Handling       Production Protocol handling procedure           2 March 1998 DG
-----------------------------------------------------------------------------------------------------------

Standard Replacement    Returning products from QC Standard Analysis     6 March 1998 NGR
                        to wells
-----------------------------------------------------------------------------------------------------------

        TITLE                             DESCRIPTION                        REV CODE              SUB-FILE
-----------------------------------------------------------------------------------------------------------

                        300 SERIES: PLATING
-----------------------------------------------------------------------------------------------------------

Plating prep            Preparation for plating using the Robbins        15 May 1997 ZTN
                        Hydra 96
-----------------------------------------------------------------------------------------------------------

Resin prep using LAMPS  Separation of 9 samples of bulk resin using      5 May 1997 EHL
                        LAMPS monitor
-----------------------------------------------------------------------------------------------------------

Resin transfer w/       Transfer via fritted Falcon Places to 88 wells   20 April 1998 DGR
Falco_                  of a deepwell
-----------------------------------------------------------------------------------------------------------

Kenner Resin Prep       Preparation of Kenner Linker on Resin            13 Jan 1998 MRD
-----------------------------------------------------------------------------------------------------------

Kenner Resin            Validation of Kenner resin                       20 Jan 1998 MRD
Validation
-----------------------------------------------------------------------------------------------------------

Thiophenol Prep         Preparation of Thiophenol Resin                  13 Jan 1998 MRD
-----------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   44

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------
                        800 SERIES: SLE
-----------------------------------------------------------------------------------------------------------
<S>                     <C>                                              <C>                     <C>

SLE Packing             Packing Hydromatrix material into                26 Feb 1998 DGP
                        Polyfilltronics places
-----------------------------------------------------------------------------------------------------------

PE/silica Polyfi.       SPE in 96 well format using Hydromatrix          5 May 1997 SPT
hydrom__                material and Silica Gel 60 A in
                        Polyfilltronics plates
-----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   45

                                  SCHEDULE 1.8

                                ASSIGNED SOFTWARE

NAMES OF SOFTWARE PROGRAMS

1.      ICE PICK
2.      COMPASS
3.      HAMMERHAD
4.      SIDEWINDER
5.      MOLECULAR DOCKER
6.      BAR CODING
7.      COMBIGEN

DESCRIPTIONS OF SELECTED SOFTWARE PROGRAMS

        ICEPICK is a system for computationally selecting diverse sets of
molecules. It computes the dissimilarity of the surface-accessible features of
two molecules, taking into account conformational flexibility. Then, the
intrinsic diversity of an entire set of molecules is calculated from spanning
tree over the pairwise dissimilarities. IcePick's dissimilarity measure is
compared against traditional 2D topological approaches, and the spanning tree
diversity measure is compared against commonly used variance techniques.

        COMPASS allows for the building of predictive models for interactive
drug design in the absence of a known target protein structure, by removing
major obstacles to accurate prediction and automatically selecting conformations
and alignments of molecules without benefit of a characterized active site. The
technique combines explicit representation of molecular shape and neural network
learning methods to produce highly predictive models, even across chemically
distinct classes of molecules.

        HAMMERHEAD can be successfully applied to dock a variety of ligands into
their cognate proteins, and is used for screening large databases of flexible
molecules for binding to a protein of known structure. It correctly docks
flexible ligands, spending an average of a few seconds on each compound during a
screen. Hammerhead is completely automated, including the elucidation of protein
building sites, through the docking of molecules, to the final selection of
compounds for assay.

        SIDEWINDER performs directed sidechain selection given a protein
structure, ligand and binding hypothesis, and an array of potential sidechains.
Sidewinder computes predicted sets of the best sidechains at each specified
site. The software accurately generates sidechain conformations, attaches
sidechains at the designated scaffold point, refines and prunes the sidechains,
and finally refines and scores the entire ligand.

                                       1.
<PAGE>   46

        MOLECULAR DOCKER aligns small molecules to a protein structure and
estimates their binding affinity. The algorithm represents a protein's binding
site in a way that is specifically sited to molecular docking applications.
Initially, the protein's surface is coated with a collection of molecular
fragments that potentially interact with the protein. Each probe, serves as a
potential alignment point for atoms in a ligand, and is scored to represent that
probe's affinity for the protein. Probes are then clustered by accumulating
their affinities. High affinity clusters are identified as being the "stickiest"
portions of the protein surface. The stickiest cluster is used as a computation
binding pocket for docking.

        COMBIGEN is Axys' proprietary in-house program for the enumeration of
library compound databases using a virtual chemistry approach. Presently Axys is
in the process of converting from this software to Afferent Structure(TM)
software from Afferent Systems, Inc.

BARCODING SOFTWARE

               Axys' in-house intranet-based barcoding combines a
straightforward error checking interface with a chemical tracking database. The
interface minimizes the chances for operator error by taking barcoded input
directly from the barcoding scanner, and further reduces the chances for error
by requiring mutually corroborating input of catalog information and molecular
weight, which is checked for consistency from a database.

                                       2.
<PAGE>   47

                                 SCHEDULE 2.1(b)

                               FORMS OF ASSIGNMENT

                                       1.
<PAGE>   48

                                  BILL OF SALE

               This Bill of Sale dated as of April ___, 2000 is being made
pursuant to that certain Technology Assignment and License Agreement (THE
"TECHNOLOGY ASSIGNMENT AND LICENSE AGREEMENT") dated April ___, 2000 by and
between Axys Pharmaceuticals, Inc., a Delaware corporation (the "COMPANY") and
Axys Advanced Technologies, Inc., a Delaware corporation ("AAT").

               NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company hereby agree as
follows:

               1. Capitalized terms used herein but not defined herein shall
have the meanings assigned such terms in the Technology Assignment and License
Agreement.

               2. Subject to the terms and conditions set forth in the
Technology Assignment and License Agreement, the Company does hereby sell,
transfer, assign and deliver to AAT, free and clear of all liens, claims,
charges and other encumbrances of any nature whatsoever, for AAT and AAT's
assigns to have and to hold forever, all of the Company's right, title and
interest in and to the assets, properties, rights and contracts set forth below,
as the same shall exist today, AS IS and WHERE IS (collectively, the "PURCHASED
ASSETS"):

                  (a) the tangible assets listed in Schedule 1.2 hereto;

                  (b) any and all Information that is Controlled by the Company
as of today, including, without limitation, the Information identified generally
in Schedule 1.5 attached hereto, which is necessary to or used by AAT in its
current combinatorial chemistry business, but excluding the Assigned Protocols
and Licensed Technology;

                  (c) the patents and patent applications set forth in Schedule
1.6 hereto, and including any and all rights that are Controlled by the Company
as of today with respect to such patents and patent applications, including
without limitation the rights to enforce and/or file any non-provisionals,
divisionals, continuations, continuations-in-part, substitutions, reissues,
reexaminations, extensions and foreign equivalents thereof.

                  (d) all of the Protocols Controlled by the Company that are
set forth in Schedule 1.7 hereto, and all trade secret and other intellectual
property rights in such Protocols that are Controlled by the Company as of
today;

                  (e) all of the computer software programs, in object code and,
to the extent Controlled by the Company, source code forms, that are either
owned by the Company or licensed to the Company and are described generally in
Schedule 1.8 hereto, and all documentation for such programs in the Company's
possession as of today, and all copyright and other intellectual property rights
in any of the foregoing that are Controlled by the Company as of today;

<PAGE>   49

                  (f) notwithstanding the foregoing, all of the rights granted
under subsections (b), (c), (d) and (e) above are expressly subject to any and
all license rights that the Company has previously granted to third parties
identified on Schedule 2.1(d) to the Technology Assignment and License
Agreement, under the contracts specified in Schedule 2.1(d) to the Technology
Assignment and License Agreement, with respect to such technology and
intellectual property rights, to the extent and so long as such license rights
remain in force; and

                  (g) all of the Company's rights, claims and benefits (except
as otherwise provided in subsection (h)) under the Assigned Contracts.

               3. AAT hereby waives compliance by the Company with the
provisions of the bulk transfer laws of any state. The Company covenants and
agrees to pay and discharge when due all claims of creditors which could be
asserted against AAT by reason of such noncompliance.

               4. Notwithstanding any other provisions of this Bill of Sale to
the contrary, nothing contained in this Bill of Sale shall in any way supersede,
modify, replace, amend, change, rescind, waive, exceed, expand, enlarge or in
any way affect the provisions, including warranties, covenants, agreements,
conditions, representations or, in general any of rights and remedies, and any
of the obligations and indemnifications of the Company or AAT set forth in the
Technology Assignment and License Agreement nor shall this Bill of Sale expand
or enlarge any remedies under the Technology Assignment and License Agreement
including without limitation any limits on indemnification specified therein.
This Bill of Sale is intended only to effect the transfer of certain property to
be transferred pursuant to the Technology Assignment and License Agreement and
shall be governed entirely in accordance with the terms and conditions of the
Technology Assignment and License Agreement.

               5. This Bill of Sale shall in all respects be construed in
accordance with and governed by the laws of the State of California without
giving effect to its conflicts-of-laws principles.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>   50

               IN WITNESS WHEREOF, the Company has caused this Bill of Sale to
be executed and delivered on the date and year first written above.

                                            AXYS PHARMACEUTICALS, INC.,
                                            a Delaware corporation

                                            By:    _____________________________

                                            Name:  _____________________________

                                            Title: _____________________________

                        [SIGNATURE PAGE TO BILL OF SALE]

<PAGE>   51

                                  SCHEDULE 1.2

                           ADDITIONAL CHEMISTRY ASSETS

                                 (see attached)

See Schedule 1.2 to Technology Assignment and License Agreement.

<PAGE>   52

                                  SCHEDULE 1.5

                    GENERAL DESCRIPTION OF ASSIGNED KNOW-HOW

All know-how pertaining to the protocols set forth in Schedule 1.7

<PAGE>   53

                                  SCHEDULE 1.6

                                ASSIGNED PATENTS

                                 (see attached)

See Schedule 1.6 to Technology Assignment and License Agreement.

<PAGE>   54

                                  SCHEDULE 1.7

                               ASSIGNED PROTOCOLS

                                 (see attached)

See Schedule 1.7 to Technology Assignment and License Agreement.

<PAGE>   55

                                  SCHEDULE 1.8

                                ASSIGNED SOFTWARE

See Schedule 1.8 to Technology Assignment and License Agreement.

<PAGE>   56

                  ASSIGNMENT OF PATENTS AND PATENT APPLICATIONS

               This Assignment of Patents and Patent Applications Agreement (the
"ASSIGNMENT") dated as of April ___, 2000 (the "EFFECTIVE DATE"), is being made
pursuant to that certain Technology Assignment and License Agreement (the
"TECHNOLOGY ASSIGNMENT AND LICENSE AGREEMENT") dated April ___, 2000 by and
between Axys Pharmaceuticals, Inc., a Delaware corporation with offices at 180
Kimball Way, South San Francisco, CA 94080 (the "b") and Axys Advanced
Technologies, Inc., a Delaware corporation with offices at 180 Kimball Way,
South San Francisco, CA 94080 (the "ASSIGNEE").

               For good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Assignor makes the following assignment:

1.      Assignment of Patent Rights to Assignee.

               a. Under and in accordance with the Technology Assignment and
License Agreement, Assignor hereby assigns, transfers and conveys to the
Assignee all of the Assignor's right, title and interest throughout the world in
and to the patents and patent applications set forth in Schedule 1.6, which is
attached to and made a part of this Assignment, and in and to any and all U.S.,
or foreign equivalents thereof, including without limitation any extensions,
non-provisionals, continuations-in-part, divisionals, reissues and renewals
thereof, and in and to any and all U.S. or foreign patents that are granted from
such patent applications (collectively, the "ASSIGNED PATENTS"), and further,
all rights and privileges pertaining to the Assigned Patents including, without
limitation the right, if any, to sue or bring other actions (including, but not
limited to, collection of damages) for past, present and future infringement
thereof. The assignments described in this Section 1 may be hereinafter referred
to as the "ASSIGNMENTS").

               b. The Assignor agrees to assist the Assignee in every proper
way, at the Assignee's expense, to evidence and perfect the Assignments and to
apply for and obtain and from time to time enforce, maintain and defend the
Assigned Patents in any and all countries that the Assignee may designate from
time to time. The Assignor will execute all documents that the Assignee may
request for such purposes. If the Assignee is unable for any reason whatsoever
to secure the signature of a duly authorized officer of the Assignor to any
document that the Assignor is required to execute pursuant to the foregoing, the
Assignor hereby irrevocably designates and appoints the Assignee and its duly
authorized officers and agents, with full power of substitution, as its agents
and attorneys-in-fact to act for and in its behalf and instead of the Assignor,
to execute and file any such document and to do all other lawfully permitted
acts to further the purposes of the foregoing with the same legal force and
effect as if executed by the Assignor.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>   57

               IN WITNESS WHEREOF, the Assignor has signed this Agreement
effective as of the date first above written.

                                            AXYS PHARMACEUTICALS, INC.,

                                            By:    _____________________________

                                            Name:  _____________________________

                                            Title: _____________________________

STATE OF CALIFORNIA         )
                            )  ss
COUNTY OF __________________)

        On ___________________, before me, ______________________, Notary
Public, personally appeared ________________________________, personally known
to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument.

        WITNESS my hand and official seal.

                                            ____________________________________
                                            Signature

[SEAL]

<PAGE>   58

                                  SCHEDULE 1.6

        Assigned Patents                                         Issued or Filed
        ----------------                                         ---------------

See Schedule 1.6 to Technology Assignment and License Agreement.

<PAGE>   59

                    ASSIGNMENT OF TRADEMARKS AND SERVICEMARKS

               This Trademark and Servicemark Assignment (the "ASSIGNMENT")
dated as of April ___, 2000 (the "EFFECTIVE DATE") is being made pursuant to
that certain Technology Assignment and License Agreement (the "TECHNOLOGY
ASSIGNMENT AND LICENSE AGREEMENT") dated April ___, 2000 by and between Axys
Pharmaceuticals, Inc., a Delaware corporation with offices at 180 Kimball Way,
South San Francisco, CA 94080 (the "ASSIGNOR") and Axys Advanced Technologies,
Inc., a Delaware corporation with offices at 180 Kimball Way, South San
Francisco, CA 94080 (the "ASSIGNEE").

               WHEREAS, Assignor has adopted, used, is using and is the owner of
all trademarks and servicemarks and trademark and servicemark registrations and
applications for trademarks and servicemarks set forth in Exhibit A attached
hereto, and all other rights appurtenant thereto, including, but not limited to,
all common law rights, trade name rights and the right to recover for past
infringement throughout the world (the "TRADEMARKS");

               WHEREAS, Assignor has acquired goodwill associated with and
symbolized by said Trademarks and has not abandoned the same;

               WHEREAS, Assignee is desirous of acquiring all rights, title and
interest in and to the Trademarks throughout the world; and

               WHEREAS, Assignor is willing to assign to Assignee all rights,
title and interest as Assignor may possess in and to the Trademarks throughout
the world.

               NOW, THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Assignor makes the following
assignment:

               1. ASSIGNMENT.

                  a. Assignor hereby assigns to Assignee all of Assignor's
rights, title and interest in and to the Trademarks throughout the world,
together with the goodwill symbolized by said Trademarks; said rights, title and
interest include, without limitation, any and all causes of action heretofore
accrued in Assignor's favor for infringement of the aforesaid rights, to have
and to hold the same unto Assignee, its successors and assigns, for and during
the existence of the rights and all renewals thereof.

                  b. At any time, and from time to time hereafter, Assignor
shall forthwith, upon Assignee's written request and at the Assignee's expense,
take any and all steps to execute, acknowledge and deliver to Assignee any and
all further instruments and assurances necessary or expedient in order to vest
the aforesaid rights in Assignee and to facilitate Assignee's enjoyment and
enforcement of said rights and causes of action.

                  c. Assignor hereby constitutes and appoints Assignee as
Assignor's true and lawful attorney in fact, with full power of substitution in
Assignor's name and stead, to take any and all steps, including proceedings at
law, in equity or otherwise, to execute,

<PAGE>   60

acknowledge and deliver any and all instruments and assurances necessary or
expedient in order to vest or perfect the aforesaid rights and causes of action
more effectively in Assignee or to protect the same or to enforce any claim or
right of any kind with respect thereto. This includes, but is not limited to,
any rights with respect to the Trademarks that may have accrued in Assignor's
favor from the respective date of first use of the Trademarks to the Effective
Date of this Assignment. Assignor hereby declares that the foregoing power is
coupled with an interest and as such is irrevocable.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>   61

               IN WITNESS WHEREOF, the Assignor has executed this Assignment as
of the Effective Date first set forth above.

AXYS PHARMACEUTICALS, INC.

By:    ___________________________

Name:  ___________________________

Title: ___________________________

STATE OF CALIFORNIA         )
                            )  ss
COUNTY OF __________________)

        On ___________________, before me, ______________________, Notary
Public, personally appeared ________________________________, personally known
to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument.

        WITNESS my hand and official seal.

                                            ____________________________________
                                            Signature

[SEAL]

<PAGE>   62

                                    EXHIBIT A

<PAGE>   63

     CONFIDENTIAL AND PROPRIETARY AXYS ADVANCE TECHNOLOGIES, INC INFORMATION

                        PENDING SERVICE MARK APPLICATIONS

COMBIMED:

               S.N.: 75/737109: Filed 6/23/99

COMBIMED CHEM:

               S.N.: 75/737111: Filed 6/23/99

COMBIPHARM:

               S.N.: 75/737116: Filed 6/23/99

Ref: CombiChemDockets\1_AAT.ddfoc2.doc

<PAGE>   64

                            ASSIGNMENT OF COPYRIGHTS

               This Assignment of Copyrights (the "ASSIGNMENT") dated as of
April __, 2000 (the "EFFECTIVE Date") is being made pursuant to that certain
Technology Assignment and License Agreement (the "TECHNOLOGY ASSIGNMENT AND
LICENSE AGREEMENT") dated April __, 2000 by and between Axys Pharmaceuticals,
Inc., a Delaware corporation with offices at 180 Kimball Way, South San
Francisco, CA 94080 (the "ASSIGNOR") and Axys Advanced Technologies, Inc., a
Delaware corporation with offices at 180 Kimball Way, South San Francisco, CA
94080 (the "ASSIGNEE").

               For good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Assignor makes the following assignment:

               1. Under and in accordance with the Technology Assignment and
License Agreement, Assignor hereby assigns to Assignee all of Assignor's rights,
title and interest in and to the works described in Schedules 1.7 and 1.8
attached hereto and incorporated herein by this reference (the "WORKS"); said
rights, title and interest including, but not limited to, all copyrights,
copyright applications, copyright registrations, copyrightable subject matter in
the Works, rights of reproduction, distribution, performance and display, the
right to prepare derivative works and any and all causes of action heretofore
accrued in Assignor's favor for infringement of the aforesaid rights, to have
and to hold the same unto Assignee, its successors and assigns, for and during
the existence of the rights and all renewals and extensions thereof.

               2. Assignor hereby assigns to Assignee and waives any and all
moral or other rights Assignor may have in and to the Works or any portion
thereof.

               3. Assignor hereby constitutes and appoints Assignee as
Assignor's true and lawful attorney-in-fact, with full power of substitution in
Assignor's name and stead, to take any and all steps, including proceedings at
law, in equity or otherwise, to execute, acknowledge and deliver any and all
instruments and assurances necessary or expedient in order to vest or perfect
the aforesaid rights and causes of action more effectively in Assignee or to
protect the same or to enforce any claim or right of any kind with respect
thereto. This includes, but is not limited to, any rights with respect to the
Works that may have accrued in Assignor's favor from the respective date of
creation of the Works to the date of this Assignment. Assignor hereby declares
that the foregoing power is coupled with an interest and as such is irrevocable.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>   65

               IN WITNESS WHEREOF, Assignor has signed this Assignment effective
as of the date first above written.

                                            AXYS PHARMACEUTICALS, INC.

                                            By:    _____________________________

                                            Name:  _____________________________

                                            Title: _____________________________

STATE OF CALIFORNIA         )
                            )  ss
COUNTY OF __________________)

               On ___________________, before me, ______________________, Notary
Public, personally appeared ________________________________, personally known
to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) whose name(s) is/are subscribed to the within instrument and
acknowledged to me that he/she/they executed the same in his/her/their
authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument.

        WITNESS my hand and official seal.

                                            ____________________________________
                                            Signature

[SEAL]

<PAGE>   66

                                  SCHEDULE 1.7

                               ASSIGNED PROTOCOLS

                                 (see attached)

See Schedule 1.7 to Technology Assignment and License Agreement.

<PAGE>   67

                                  SCHEDULE 1.8

                                ASSIGNED SOFTWARE

See Schedule 1.8 to Technology Assignment and License Agreement.

<PAGE>   68

                                 SCHEDULE 2.1(d)

                                  LICENSES-OUT

<TABLE>
<CAPTION>
        THIRD PARTY                     AGREEMENT
        -----------                     ---------
<S>     <C>                             <C>
1.      Akkadix, Inc.                   License Agreement between Axys and Xyris
                                        Corporation (the predecessor of Akkadix)
                                        dated January 29, 1999, as amended.

2.

3.
</TABLE>

<PAGE>   69

Document Number:  310957<PAGE>   1
                                                                   EXHIBIT 10.34

LEASE MANAGEMENT SERVICES, INC.

                          EQUIPMENT FINANCING AGREEMENT
                                 (Number 10787)

THIS EQUIPMENT FINANCING AGREEMENT NUMBER 10787 ("Agreement") is dated as of the
date set forth at the foot hereof and is between LEASE MANAGEMENT SERVICES, INC.
("Secured Party") and IRORI INCORPORATED, ("Debtor").

1. EQUIPMENT; SECURITY INTEREST. The terms and conditions of this Agreement
cover each item of machinery, equipment and other property (individually an
"Item" or "Item of Equipment" and collectively the "Equipment") described in a
schedule now or hereafter executed by the parties hereto and made a part hereof
(individually a "Schedule" and collectively the "Schedules"). Debtor hereby
grants Secured Party a security interest in and to all Debtor's right, title and
interest in and to the Equipment under the Uniform Commercial Code, such grant
with respect to an Item of Equipment to be as of Debtor's execution of a related
Equipment Financing Commitment referencing this Agreement or, if Debtor then has
no interest in such Item, as of such subsequent time as Debtor acquires an
interest in the Item. Such security interest is granted by Debtor to secure
performance by Debtor of Debtor's obligations to Secured Party hereunder and
under any other agreements under which Debtor has or may hereafter have
obligations to Secured Party. Debtor will ensure that such security interest
will be and remain a sole and valid first lien security interest subject only to
the lien of current taxes and assessment not in default but only if such taxes
are entitled to priority as a matter of law.

2. DEBTOR'S OBLIGATIONS. The obligations of Debtor under this Agreement
respecting an Item of Equipment, except the obligation to pay installment
payments with respect thereto which will commence as set forth in Paragraph 3
below, commence upon the grant to Secured Party of a security interest in the
Item. Debtor's obligations hereunder with respect to an Item of Equipment and
Secured Party's security interest therein will continue until payment of all
amounts due, and performance of all terms and conditions required hereunder
provided, however, that if this Agreement is in default said obligations and
security interest will continue during the continuance of said default. Upon
termination of Secured Party's security interest in an Item of Equipment,
Secured Party will execute such release of interest with respect thereto as
Debtor reasonably requests.

3. INSTALLMENT PAYMENTS AND OTHER PAYMENTS. Debtor will repay advances Secured
Party makes on account of the Equipment in installment payments in the amounts
and at the times set forth in the Schedules, whether or not Secured Party has
rendered an invoice therefor, at the office of Secured Party set forth at the
foot hereof, or to such person and/or at such other place as Secured Party may
from time to time designate by notice to Debtor. Any other amounts required to
be paid Secured Party by Debtor hereunder are due upon Debtor's receipt of
Secured Party's invoice therefor and will be payable as directed in the invoice.
Payments under this Agreement may be applied to Debtor's then accrued
obligations to Secured Party in such order as Secured Party may choose.

<PAGE>   2

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 2 OF 2

4. NET AGREEMENT; NO OFFSET, SURVIVAL. This Agreement is a net agreement, and
Debtor will not be entitled to any abatement of installment payments or other
payments due hereunder or any reduction thereof under any circumstance or for
any reason whatsoever. Debtor hereby waives any and all existing and future
claims, as offsets, against any installment payments or other payments due
hereunder and agrees to pay the installment payments and other amounts due
hereunder as and when due regardless of any offset or claim which may be
asserted by Debtor or on its behalf. The obligations and liabilities of Debtor
hereunder will survive the termination of the Agreement.

5. FINANCING AGREEMENT. THIS AGREEMENT IS SOLELY A FINANCING AGREEMENT. DEBTOR
ACKNOWLEDGES THAT THE EQUIPMENT HAS OR WILL HAVE BEEN SELECTED AND ACQUIRED
SOLELY BY DEBTOR FOR DEBTOR'S PURPOSES, THAT SECURED PARTY IS NOT AND WILL NOT
BE THE VENDOR OF ANY EQUIPMENT AND THAT SECURED PARTY HAS NOT MADE AND WILL NOT
MAKE ANY AGREEMENT, REPRESENTATION OR WARRANTY WITH RESPECT TO THE
MERCHANTABILITY, CONDITION, QUALIFICATION OR FITNESS FOR A PARTICULAR PURPOSE OR
VALUE OF THE EQUIPMENT OR ANY OTHER MATTER WITH RESPECT THERETO IN ANY RESPECT
WHATSOEVER.

6. NO AGENCY. DEBTOR ACKNOWLEDGES THAT NO AGENT OF THE MANUFACTURER OR OTHER
SUPPLIER OF AN ITEM OF EQUIPMENT OR OF ANY FINANCIAL INTERMEDIARY IN CONNECTION
WITH THIS AGREEMENT IS AN AGENT OF SECURED PARTY. SECURED PARTY IS NOT BOUND BY
A REPRESENTATION OF ANY SUCH PARTY AND, AS CONTEMPLATED IN PARAGRAPH 27 BELOW,
THE ENTIRE AGREEMENT OF SECURED PARTY AND DEBTOR CONCERNING THE FINANCING OF THE
EQUIPMENT IS CONTAINED IN THIS AGREEMENT AS IT MAY BE AMENDED ONLY AS PROVIDED
IN THAT PARAGRAPH.

7. ACCEPTANCE. Execution by Debtor and Secured Party of a Schedule covering the
Equipment or any Items thereof will conclusively establish that such Equipment
has been included under and will be subject to all the terms and conditions of
this Agreement. If Debtor has not furnished Secured Party with an executed
Schedule by the earlier of fourteen (14) days after receipt thereof or
expiration of the commitment period set forth in the applicable Equipment
Financing Agreement, Secured Party may terminate its obligation to advance funds
as to the applicable Equipment.

8. LOCATION; INSPECTION; USE. Debtor will keep, or in the case of motor
vehicles, permanently garage and not remove from the United States, as
appropriate, each Item of Equipment in Debtor's possession and control at the
Equipment Location designated in the applicable Schedule, or at such other
location to which such Item may have been moved with the prior written consent
of Secured Party. Whenever requested by Secured Party, Debtor will advise
Secured Party as to the exact location of an Item of Equipment. Secured Party
will have the right to inspect the Equipment and observe its use during normal
business hours, subject to Debtor's security procedures and to enter into and
upon the premises where the Equipment may be located for such purpose. The
Equipment will at all times be used solely for commercial or

<PAGE>   3

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 3 OF 3

business purposes and operated in a careful and proper manner and in compliance
with all applicable laws, ordinances, rules and regulations, all conditions and
requirements of the policy or policies of insurance required to be carried by
Debtor under the terms of this Agreement and all manufacturer's instructions and
warranty requirements. Any modifications or additions to the Equipment required
by any such governmental edict or insurance policy will be promptly made by
Debtor.

9. ALTERATIONS; SECURITY INTEREST COVERAGE. Without the prior written consent of
Secured Party, Debtor will not make any alterations, additions or improvements
to any Item of Equipment which detract from its economic value or functional
utility, except as may be required pursuant to Paragraph 8 above. Secured
Party's security interest in the Equipment will include all modifications and
additions thereto and replacements and substitutions therefor, in whole or in
part. Such reference to replacements and substitutions will not grant Debtor
greater rights to replace or substitute than are provided in Paragraph 11 below
or as may be allowed upon the prior written consent of Secured Party.

10. MAINTENANCE. Debtor will maintain the Equipment in good repair, condition
and working order. Debtor will also cause each Item of Equipment for which a
service contract is generally available to be covered by such a contract which
provides coverages typical to property of the type involved and is issued by a
competent servicing entity.

11. LOSS AND DAMAGE; CASUALTY VALUE. In the event of the loss of, theft of,
requisition of, damage to or destruction of an Item of Equipment ("Casualty
Occurrence"), Debtor will give Secured Party prompt notice thereof and will
thereafter place such Item in good repair, condition and working order,
provided, however, that if such Item is determined by Secured Party to be lost,
stolen, destroyed or damaged beyond repair, is requisitioned or suffers a
constructive total loss as defined in any applicable insurance policy carried by
Debtor in accordance with Paragraph 14 below, Debtor, at Secured Party's option,
will (a) replace such Item with like Equipment in good repair, condition and
working order whereupon such replacement equipment will be deemed such Item for
all purposes hereof or (b) pay Secured Party the "Casualty Value" of such Item
which will equal the total of (i) all installment payments and other amounts due
from Debtor to Secured Party at the time of such payment and (ii) future
installment payments due with respect to such Item with each such payment
including any final uneven payment discounted at a rate equal to the discount
rate of the Federal Reserve Bank of San Francisco from the date due to the date
of such payment.

Upon such replacement or payment, as appropriate, this Agreement and Secured
Party's security interest will terminate with, and only with, respect to the
Item of Equipment so replaced or as to which such payment is made in accordance
with Paragraph 2 above.

12. TITLING; REGISTRATION. Each item of Equipment subject to title registration
laws will at all times be titled and/or registered by Debtor as Secured Party's
agent and attorney-in-fact with full power and authority to register (but
without power to affect title to) the Equipment in such manner and in such
jurisdiction or jurisdictions as Secured Party directs. Debtor will promptly
notify Secured Party of any necessary or advisable retitling and/or
reregistration of an Item of Equipment in a jurisdiction other than the one in
which such Item is then titled and/or

<PAGE>   4

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 4 OF 4

registered, Any and all documents of title will be furnished or caused to be
furnished Secured Party by Debtor within sixty (60) days of the date any titling
or registering or restating or reregistering, as appropriate, is directed by
Secured Party.

13. TAXES. Debtor will make all filings as to and pay when due all personal
property and other ad valorem taxes and all other taxes, fees, charges and
assessments based on the ownership or use of the Equipment and will pay as
directed by Secured Party or reimburse Secured Party for all other taxes,
including, but not limited to, gross receipt taxes (exclusive of federal and
state taxes based on Secured Party's net income, unless such net income taxes
are in substitution for or relieve Debtor from any taxes which Debtor would
otherwise be obligated to pay under the terms of this Paragraph 13), fees,
charges and assessments whatsoever, however designated, whether based on the
installment payments or other amounts due hereunder, levied, assessed or imposed
upon the Equipment or otherwise related hereto or to the Equipment, now or
hereafter levied, assessed or imposed under the authority of a federal, state,
or local taxing jurisdiction, regardless of when and by whom payable. Filings
with respect to such other amounts will, at Secured Party's option, be made by
Secured Party or by Debtor as directed by Secured Party.

14. INSURANCE. Debtor will procure and continuously maintain all risk insurance
against loss or damage to the Equipment from any cause whatsoever for not less
than the full replacement value thereof naming Secured Party as Loss Payee. Such
insurance must be in a form and with companies approved by Secured Party, must
provide at least thirty (30) days advance written notice to Secured Party of
cancellation, change or modification in any term, condition, or amount of
protection provided therein, must provide full breach of warranty protection and
must provide that the coverage is "primary coverage" (does not require
contribution from any other applicable coverage). Debtor will provide Secured
Party with an original policy or certificate evidencing such insurance. In the
event of an assignment of this Agreement of which Debtor has notice, Debtor will
cause such insurance to provide the same protection to the assignee as its
interests may appear. The proceeds of such insurance, at the option of the
Secured Party or such assignee, as appropriate, will be applied toward (a)
repair or replacement of the appropriate Item or Items of Equipment, (b) payment
of the Casualty Value thereof and/or (c) payment of, or as provision for,
satisfaction of any other accrued obligations of Debtor hereunder. Debtor hereby
appoints Secured Party as Debtor's attorney-in-fact with full power and
authority to do all things, including, but not limited to, making claims,
receiving payments and endorsing documents, checks or drafts, necessary to
secure payments due under any policy contemplated hereby on account of a
Casualty Occurrence. Debtor and Secured Party contemplate that the jurisdictions
where the Equipment will be located will not impose any liability upon Secured
Party for personal injury and/or property damage resulting out of the
possession, use, operation or condition of the Equipment. In the event Secured
Party determines that such is not or may not be the case with respect to a given
jurisdiction, Debtor will provide Secured Party with public liability and
property damage coverage applicable to the Equipment in such amounts and in such
form as Secured party requires.

15. SECURED PARTY'S PAYMENT. If Debtor fails to pay any amounts due hereunder or
to perform any of its other obligations under this Agreement, Secured Party may,
at its option, but without any obligation to do so, pay such amounts or perform
such obligations, and Debtor

<PAGE>   5

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 5 OF 5

will reimburse Secured Party the amount of such payment or cost of such
performance, plus interest at 1.5% per month.

16. INDEMNITY. Debtor does hereby assume liability for and does agree to
indemnify, defend, protect, save and keep harmless Secured Parry from and
against any and all liabilities, losses, damages, penalties, claims, actions,
suits, costs, expenses and disbursements, including court costs and legal
expenses, of whatever kind and nature, imposed on, incurred by or asserted
against Secured Party (whether or not also indemnified against by any other
person) in any way relating to or arising out of this Agreement or the
manufacture, financing, ownership, delivery, possession, use, operation,
condition or disposition of the Equipment by Secured Party or Debtor, including,
without limitation, any claim alleging latent and other defects, whether or not
discoverable by Secured Party or Debtor, and any other claim arising out of
strict liability in tort, whether or not in either instance relating to an event
occurring while Debtor remains obligated under this Agreement, and any claim for
patent, trademark or copyright infringement. Debtor agrees to give Secured Party
and Secured Party agrees to give Debtor notice of any claim or liability hereby
indemnified against promptly following learning thereof.

17. DEFAULT. Any of the following will constitute an event of default hereunder:
(a) Debtor's failure to pay when due any installment payment or other amount due
hereunder, which failure continues for ten (10) days after the due date thereof;
(b) Debtor's default in performing any other obligation, term or condition of
this Agreement or any other agreement between Debtor and Secured Party or
default under any further agreement providing security for the performance by
Debtor of its obligations hereunder provided such default has continued for more
than twenty (20) days, except as provided in (c) and (d) hereinbelow, or,
without limiting the generality of subparagraph (1) hereinbelow, default under
any lease or any mortgage or other instrument contemplating the provision of
financial accommodation applicable to the real property where an Item of
Equipment is located; (c) any writ or order of attachment or execution or other
legal process being levied on or charged against any Item of Equipment and not
being released or satisfied within ten (10) days; (d) Debtor's failure to comply
with its obligations under Paragraph 14 above or any transfer by Debtor in
violation of Paragraph 21 below; (e) a non-appealable judgment for the payment
of money in excess of $100,000 being rendered by a court of record against
Debtor which Debtor does not discharge or make provision for discharge in
accordance with the terms thereof within ninety (90) days from the date of entry
thereof; (f) death or judicial declaration of incompetency of Debtor, if an
individual; (g) the filing by Debtor of a petition under the Bankruptcy Code or
any amendment thereto or under any other insolvency law or law providing for the
relief of debtors, including, without limitation, a petition for reorganization,
arrangement or extension, or the commission by Debtor of an act of bankruptcy;
(h) the filing against Debtor of any such petition not dismissed or permanently
stayed within thirty (30) days, of the filing thereof; (i) the voluntary or
involuntary making of an assignment of substantial portion of its assets by
Debtor for the benefit of creditors, appointment of a receiver or trustee for
Debtor or for any of Debtor's assets, institution by or against Debtor or any
other type of insolvency proceeding (under the Bankruptcy Act or otherwise) or
of any formal or informal proceeding for dissolution, liquidation, settlement of
claims against or winding up of the affairs of Debtor, Debtor's cessation of
business activities or the making by Debtor of a transfer of all or a material
portion of Debtor's assets or inventory not in the ordinary

<PAGE>   6

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 6 OF 6

course of business; (j) the occurrence of any event described in parts (e), (f),
(g), (h) or (i) hereinabove with respect to any guarantor or other party liable
for payment or performance of this Agreement; (k) any certificate, statement,
representation, warranty or audit heretofore or hereafter furnished with respect
hereto by or on behalf of Debtor or any guarantor or other party liable for
payment or performance of this Agreement proving to have been false in any
material respect at the time as of which the facts therein set forth were stated
or certified or having omitted any substantial contingent or unliquidated
liability or claim against Debtor or any such guarantor or other party; (l)
breach by Debtor of any lease or other agreement providing financial
accommodation under which Debtor or its property is bound; or (m) a transfer of
effective control of Debtor, if an organization.

18. REMEDIES. Upon the occurrence of an event of default, Secured Party will
have the rights, options, duties and remedies of a secured party, and Debtor
will have the rights and duties of a debtor, under the Uniform Commercial Code
(regardless of whether such Code or a law similar thereto has been enacted in a
jurisdiction wherein the rights or remedies are asserted) and, without limiting
the foregoing, Secured Party may exercise any one or more of the following
remedies: (a) declare the Casualty Value or such lesser amount as may be set by
law immediately due and payable with respect to any or all Items of Equipment
without notice or demand to Debtor; (b) sue from time to time for and recover
all installment payments and other payments then accrued and which accrue during
the pendency of such action with respect to any or all Items of Equipment; (c)
take possession of and, if deemed appropriate, render unusable any or all Items
of Equipment, without demand or notice, wherever same may be located, without
any court order or other process of law and without liability for any damages
occasioned by such taking of possession and remove, keep and store the same or
use and operate or lease the same until sold; (d) require Debtor to assemble any
or all Items of Equipment at the Equipment Location therefor, or at such
location to which such Equipment may have been moved with the written consent of
Secured Party or such other location in reasonable proximity to either of the
foregoing as Secured Party designates; (e) upon ten (10) days notice to Debtor
or such other notice as may be required by law, sell or otherwise dispose of any
Item of Equipment, whether or not in Secured Party's possession, in a
commercially reasonable manner at public or private sale at any place deemed
appropriate and apply the new proceeds of such sale, after deducting all costs
of such sale, including, but not limited to, costs of transportation,
repossession, storage, refurbishing, advertising and brokers' fees, to the
obligations of Debtor to Secured Party hereunder or otherwise, with Debtor
remaining liable for any deficiency and with any excess being returned to
Debtor; (f) upon thirty (30) days notice to Debtor, retain any repossessed or
assembled Items of Equipment as Secured Party's own property in full
satisfaction of Debtors liability for the installment payments due hereunder
with respect thereto, provided that Debtor will have the right to redeem such
Items by payment in full of its obligations to Secured Party hereunder or
otherwise or to require Secured Party to sell or otherwise dispose of such Items
in the manner set forth in subparagraph (e) hereinabove upon notice to Secured
Party within such thirty (30) day period; or (g) utilize any other remedy
available to Secured Party under the Uniform Commercial Code or similar
provision of law or otherwise at law or in equity.

No right or remedy conferred herein is exclusive of any other right or remedy
conferred herein or by law; but all such remedies are cumulative of every other
right or remedy conferred hereunder

<PAGE>   7

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 7 OF 7

or at law or in equity, by statute or otherwise, and may be exercised
concurrently or separately from time to time. Any sale contemplated by
subparagraph (e) of this Paragraph 18 may be adjourned from time to time by
announcement at the time and place appointed for such sale, or for any such
adjourned sale, without further published notice, Secured Party may bid and
become the purchaser at any such sale. Any sale of an Item of Equipment, whether
under said subparagraph or by virtue of judicial proceedings, will operate to
divest all right, title, interest, claim and demand whatsoever; either at law or
in equity, of Debtor in and to said item and will be a perpetual bar to any
claim against such Item, both at law and in equity, against Debtor and all
persons claiming by, through or under Debtor.

19. DISCONTINUANCE OF REMEDIES. If Secured Party proceeds to enforce any right
under this Agreement and such proceedings are discontinued or abandoned for any
reason or are determined adversely, then and in every such case Debtor and
Secured Party will be restored to their former positions and rights hereunder.

20. SECURED PARTY'S EXPENSES. Debtor will pay Secured Party all costs and
expenses, including attorney's fees and court costs and sales costs not offset
against sales proceeds under Paragraph 18 above, incurred by Secured Party in
exercising any of its rights or remedies hereunder or enforcing any of the
terms, conditions or provisions hereof. This obligation includes the payment or
reimbursement of all such amounts whether an action is ultimately filed and
whether an action is ultimately dismissed.

21. ASSIGNMENT. Without the prior written consent of Secured Party, Debtor will
not sell, lease, pledge or hypothecate, except as provided in this Agreement,
any Item of Equipment or any interest therein or assign, transfer, pledge, or
hypothecate this Agreement or any interest in this Agreement or permit the
Equipment to be subject to any lien, charge or encumbrance of any nature except
the security interest of Secured Party contemplated hereby. Debtor's interest
herein is not assignable and will not be assigned or transferred by operation of
law. Consent to any of the foregoing prohibited acts applies only in the given
instance and is not a consent to any subsequent like act by Debtor or any other
person.

All rights of Secured Party hereunder may be assigned, pledged, mortgaged,
transferred or otherwise disposed of, either in whole or in part, without notice
to Debtor but always, however, subject to the rights of Debtor under this
Agreement. If Debtor is given notice of any such assignment, Debtor will
acknowledge receipt thereof in writing. In the event Secured Party assigns this
Agreement or the installment payments due or to become due hereunder or any
other interest herein, whether as security for any of its indebtedness or
otherwise, no breach or default by Secured Party hereunder or pursuant to any
other agreement between Secured Party and Debtor, should there be one, will
excuse performance by Debtor of any provision hereof, it being understood that
in the event of such default or breach by Secured Party that Debtor will pursue
any rights on account thereof solely against Secured Party. No such assignee,
unless such assignee agrees in writing, will be obligated to perform any duty,
covenant or condition required to be performed by Secured Party in connection
with this Agreement.

Subject always to the foregoing, this Agreement inures to the benefit of, and is
binding upon, the heirs, legatees, personal representative, successors and
assigns of the parties hereto.

<PAGE>   8

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 8 OF 8

22. MARKINGS; PERSONAL PROPERTY. If Secured Party supplies Debtor with labels,
plates, decals or other markings stating that Secured Party has an interest in
the Equipment, Debtor will affix and keep the same prominently displayed on the
Equipment or will otherwise mark the Equipment or its then location or
locations, as appropriate, at Secured Party's request to indicate Secured
Parry's security interest in the Equipment. The Equipment is, and at all times
will remain, personal property notwithstanding that the Equipment or any Item
thereof may now be, or hereafter become, in any manner affixed or attached to,
or embedded in, or permanently resting upon real property or any improvement
thereof or attached in any manner to what is permanent as by means of cement,
plaster, nails, bolts, screws or otherwise. If requested by Secured Party,
Debtor will obtain and deliver to Secured Party waivers of interest or liens in
recordable form satisfactory to Secured Party from all persons claiming any
interest in the real property on which an Item of Equipment is or is to be
installed or located.

23. LATE CHARGES. Time is of the essence in this Agreement and if any
Installment Payment is not paid within ten (10) days after the due date thereof,
Secured Party shall have the right to add and collect, and Debtor agrees to pay:
a late charge on and in addition to, such Installment Payment equal to five
percent (5%) of such Installment Payment or a lesser amount if established by
any state or federal statute applicable thereto, and (b) interest on such
Installment Payment from thirty (30) days after the due date until paid at the
highest contract rate enforceable against Debtor under applicable law but never
to exceed eighteen percent (18%) per annum.

24. NON-WAIVER. No covenant or condition of this Agreement can be waived except
by the written consent of Secured Party. Forbearance or indulgence by Secured
Party in regard to any breach hereunder will not constitute a waiver of the
related covenant or condition to be performed by Debtor.

25. ADDITIONAL DOCUMENTS. In connection with and in order to perfect and
evidence the security interest in the Equipment granted Secured Party hereunder
Debtor will execute and deliver to Secured Party such financing statements and
similar documents as Secured Party requests. Debtor authorizes Secured Party
where permitted by law to make filings of such financing statements without
Debtor's signature. Debtor further will furnish Secured Party (a) on a timely
basis, Debtor's future financial statements, including Debtor's most recent
annual report, balance sheet and income statement, prepared in accordance with
generally accepted accounting principles, which reports, Debtor warrants, shall
fully and fairly represent the true financial condition of Debtor (b) any other
information normally provided by Debtor to the public and (c) such other
financial data or information relative to this Agreement and the Equipment,
including, without limitation, copies of vendor proposals and purchase orders
and agreements, listings of serial numbers or other identification data and
confirmations of such information, as Secured Party may from time to time
reasonably request. Debtor will procure and/or execute, have executed,
acknowledge, have acknowledged, deliver to Secured Party, record and file such
other documents and showings as Secured Party deems necessary or desirable to
protect its interest in and rights under this Agreement and interest in the
Equipment. Debtor will pay as directed by Secured Party or reimburse Secured
Party for all filing, search, title report, legal and other fees incurred by
Secured Party in connection with any documents to

<PAGE>   9

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 9 OF 9

be provided by Debtor pursuant to this Paragraph or Paragraph 22 and any further
similar documents Secured Party may procure.

26. DEBTOR'S WARRANTIES. Debtor certifies and warrants that the financial data
and other information which Debtor has submitted, or will submit, to Secured
Party in connection with this Agreement is, or will be at time of delivery, as
appropriate, a true and complete statement of the matters therein contained.
Debtor further certifies and warrants: (a) this Agreement has been duly
authorized by Debtor and when executed and delivered by the person signing on
behalf of Debtor below will constitute the legal, valid and binding obligation,
contract and agreement of Debtor enforceable against Debtor in accordance with
its respective terms; (b) this Agreement and each and every showing provided by
or on behalf of Debtor in connection herewith may be relied upon by Secured
Party in accordance with the terms thereof notwithstanding the failure of Debtor
or other applicable party to ensure proper attestation thereto, whether by
absence of a seal or acknowledgment or otherwise; (c) Debtor has the right,
power and authority to grant a security interest in the Equipment to Secured
Party for the uses and purposes herein set forth and (d) each Item of Equipment
will, at the time such Item becomes subject hereto, be in good repair, condition
and working order.

27. ENTIRE AGREEMENT. This instrument with exhibits and related documentation
constitutes the entire agreement between Secured Party and Debtor and will not
be amended, altered or changed except by a written agreement signed by the
parties.

28. NOTICES. Notices under this Agreement must be in writing and must be mailed
by United States mail, certified mail with return receipt requested, duly
addressed, with postage prepaid, to the party involved at its respective address
set forth at the foot hereof or at such other address as each party may provide
on notice to the other from time to time. Notices will be effective when
deposited. Each party will promptly notify the other of any change in that
party's address.

29. GENDER, NUMBER; JOINT AND SEVERAL LIABILITY. Whenever the context of this
Agreement requires, the neuter gender includes the feminine or masculine and the
singular number includes the plural; and whenever the words "Secured Party" are
used herein, they include all assignees of Secured Party, it being understood
that specific reference to "assignee" in Paragraph 14 above is for further
emphasis. If there is more than one Debtor named in this Agreement, the
liability of each will be joint and several.

30. TITLES. The titles to the paragraphs of this Agreement are solely for the
convenience of the parties and are not an aid in the interpretation of the
instrument.

31. GOVERNING LAW; VENUE. This Agreement will be governed by and construed in
accordance with the laws of the State of California. Venue for any action
related to the Agreement will be in an appropriate court in San Mateo County,
California, to which Debtor consents, or in another court selected by Secured
Party which has jurisdiction over the parties. In the event any provision hereof
is declared invalid, such provision will be deemed severable from the remaining
provisions of this Agreement, which will remain in full force and effect.

<PAGE>   10

IRORI INCORPORATED
EQUIPMENT FINANCING AGREEMENT 10787
PAGE 10 OF 10

32. TIME. Time is of the essence of this Agreement and for each and all of its
provisions.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of 10/27,
1995.

IRORI INCORPORATED
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

By: /s/ Michael P. Nova
   --------------------------------
Title: President
      -----------------------------

SECURED PARTY:
LEASE MANAGEMENT SERVICES, INC.
2500 Sand Hill Road, Suite 101
Menlo Park, CA 94025

By: /s/ Barbara B. Kaiser
   --------------------------------
Title: EVP/General Manager
      -----------------------------

<PAGE>   11

                                FIRST ADDENDUM TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10786
                                 BY AND BETWEEN
                         IRORI INCORPORATED, ("DEBTOR")
                                       AND
               LEASE MANAGEMENT SERVICES, INC., ("SECURED PARTY")

The printed form of Equipment Financing Agreement #10787 between the parties
date 10/27, 1995 is amended as follows:

FIRST: In Section 8 line 7, after the word "hours," insert the words "upon prior
notice,".

SECOND: In Section 14, line 3, after the word "as" insert the word "additional".

THIRD: In Section 14, line 4, after the word "companies" insert the word
"reasonably".

FOURTH: In Section 15, line 2, after the word "due" insert the word "to any
third party".

FIFTH: In Section 16, line 6, after the word "the" delete the word
"manufacture,".

SIXTH: In Section 25, line 8, after the word "the" delete the word "true".

SEVENTH: In Section 25, line 9, after the word "condition" insert the phrase
"prepared in accordance with generally accepted accounting principles".

EIGHTH: Section 25, line 15, delete the words "and showings".

NINTH: Section 26, line 3 after the word "a" delete the words "true and
complete.".

TENTH: Section 26, line 4, after the word "contained" insert the phrase
"prepared in accordance with generally accepted accounting principles.".

IN WITNESS WHEREOF the undersigned have executed this First Addendum the 27 day
of October, 1995.

DEBTOR:                                  SECURED PARTY:

IRORI INCORPORATED                       LEASE MANAGEMENT SERVICES, INC.

By: /s/ Michael P. Nova                  By: /s/  Barbara B. Kaiser
   ----------------------------------       ------------------------------------
Name: Michael P. Nova                    Name: Barbara B. Kaiser
     --------------------------------         ----------------------------------
Title: President                         Title: EVP/General Manager
      -------------------------------          ---------------------------------

<PAGE>   12

LEASE MANAGEMENT SERVICES, INC.

                        SECURITY DEPOSIT PLEDGE AGREEMENT

PLEDGEE:        LEASE MANAGEMENT SERVICES, INC.
                2500 Sand Hill Road, Suite 101
                Memo Park, California 94025

PLEDGOR:        IRORI INCORPORATED
                11025 North Torrey Pines Road, Suite 100
                La Jolla, CA 92037

In consideration of, and as an inducement for Pledgee to enter unto Equipment
Financing Agreement Number 10787 and all Schedules thereunder (hereinafter
collectively referred to as the "Agreements") with Pledgor, and to secure the
payment and performance of all Pledgor's obligations under the Agreements,
Pledgor hereby grants and assigns to Pledgee, its successors and assigns, a
security interest in, and hereby deposits and pledges with Pledgee a Security
Deposit in an amount equivalent to 25% of aggregate Equipment cost (including
any soft costs) and 30% for Leasehold Improvements leased or financed for each
Schedule. As used herein, "Security Deposit" shall refer to the aggregate of all
component deposits made under the applicable Schedules. Such pledge is to be
upon the terms and conditions set forth below:

1.     Pledgor delivers the Security Deposit to Pledgee to secure the due and
       punctual payment and performance of the obligations of Pledgor under the
       Agreements. Pledgee will pay 5.5% simple interest per annum on the
       Security Deposit, which interest will be accrued for each respective
       component of the Security Deposit from the commencement date of the
       applicable Schedule and paid when the Security Deposit is returned to
       Pledgor.

2.      Upon any uncured default by Pledgor under the Agreements, interest
        accrual on the Collateral Pledge shall cease and Pledgee may, at its
        option, apply the Collateral Pledge and any interest accrued to that
        date toward the satisfaction of Pledgor's obligations under the
        Agreements, and the payment of all costs and expenses incurred by
        Pledgee as a result of such default, including reasonable attorney's
        fees. Pledgee is liable to Pledgor only for any surplus remaining from
        said Collateral Pledge after the full satisfaction of the foregoing
        obligations, costs and expenses.

3.      Pledgor waives any rights to require Pledgee to (i) proceed against
        Pledgor or any other party; (ii) proceed against or exhaust any security
        held from Pledgor; or (iii) pursue any other remedy in Pledgee's power
        whatsoever before enforcing the provisions of, and proceeding under the
        provisions of, this Security Deposit Pledge Agreement. The obligations
        of Pledgor under this Security Deposit Pledge Agreement shall be
        absolute and unconditional, and shall remain in full force and effect
        without regard to, and shall not be released or discharged or in any way
        affected by (a) any amendment or modification of or supplement to the
        Agreements; (b) any exercise or non-exercise of

<PAGE>   13

SECURITY DEPOSIT PLEDGE AGREEMENT
IRORI INCORPORATED
PAGE 2 OF 2

        any right, remedy or privilege under or in respect to this Security
        Deposit Pledge Agreement, the Agreements, or any other instrument
        provided for in the Agreements, or any waiver, consent, explanation,
        indulgence or actions or inaction with respect to any such instrument;
        or (c) any bankruptcy, insolvency, reorganization, arrangement,
        readjustment, composition, liquidation or similar proceedings of
        Pledgor.

4.      Pledgee shall have no obligation to segregate said Security Deposit and
        Pledgor hereby irrevocably authorizes Pledgee, at Pledgee's sole
        election, to commingle said Security Deposit with other assets and funds
        held by or belonging to Pledgee. Pledgor may not assign, pledge or
        transfer to any party its interest in the Security Deposit and any
        attempt to do so shall be null and void.

5.      Without notice to Pledgor, Pledgee may freely assign its rights and
        obligations hereunder, only in connection with the assignment of the
        rights and obligations of this related Equipment Financing Agreement, in
        whole or in part, at any time and this Security Deposit Pledge Agreement
        shall inure to the successors and assignees of Pledgee. In the event
        Pledgee assigns or transfers this Security Deposit Pledge Agreement
        along with the Schedules under the Agreements, Pledgor agrees that it
        shall look solely to the assignee of Pledgee for the return of said
        Security Deposit and Pledgee shall have no further liability to Pledgor
        with respect thereto.

6.      Provided that the Pledgor is not then in default of its obligations to
        the Pledgee under the Agreements or otherwise, Pledgee agrees to reduce
        the Security Deposit to 15% for Equipment and 25% for Leasehold
        Improvements financed, and make appropriate refunds, with Pledgor's
        receipt of additional equity, license fees or other non-refundable cash
        such that Pledgor's unrestricted cash balance is at least $6,000,000 or
        the equivalent of 12 months' cash needs, whichever is greater. ["12
        months' cash needs" is defined as net cash use for the quarter just
        completed, multiplied by a factor of 4.]

7.      Any remaining Security Deposit and accrued interest will be returned to
        Pledgor with Pledgor's achievement of the earlier of A) thru D) below:

        A)      At such time after 6/30/97 that Pledgor's unrestricted cash,
                less debt, is at least $5,000,000 or the equivalent of 12
                months' cash needs, whichever is greater. OR,

        B)      In the event of an acquisition, if a creditworthy acquiror
                executes an assignment or guarantee acceptable to Pledgee; OR,

        C)      Completion of Pledgor's Initial Public Offering with net
                proceeds of at least $15,000,000; OR,

        D)      At such time as Pledgor enters into a subsequent equipment
                financing line with Pledgee and executes a Negative Covenant
                Pledge Agreement covering all obligations to Pledgee.

<PAGE>   14

SECURITY DEPOSIT PLEDGE AGREEMENT
IRORI INCORPORATED
PAGE 3 OF 3

All accounting terms used herein shall be interpreted in accordance with
generally accepted accounting principles.

8.      Any reduction/return of the Security Deposit and any payment of interest
        prior to the Termination of the Agreements (as defined below) is
        contingent upon the following additional conditions: (a) verification of
        all benchmarks to be acceptable to Pledgee; (b) Pledgor has made all
        payments on a timely basis according to the terms of the Agreements; (c)
        Pledgor is not, nor ever has been in default of any financial
        obligation; (d) Pledgor, if privately held, has provided monthly
        financial statements to Pledgee within 45 days of each month-end or if
        Pledgor is publicly held, has provided quarterly statements as required
        to be filed by the Securities and Exchange Commission (the "SEC"); (e)
        Pledgor, if privately held, has provided annual audited financial
        statements to Pledgee within 90 days of Pledgor's fiscal year end or if
        Pledgor is publicly held, has provided Pledgee with annual statements as
        required to be filed by the SEC; and (f) Pledgor has not suffered any
        material adverse change.

        The Termination of the Agreements shall be defined as the satisfaction
        of all Pledgor's obligations under the Agreements.

9.      If the Security Deposit has not previously been returned, upon the
        Termination of the Agreements, Pledgee shall deliver the Security
        Deposit and accrued interest (less any portion of same cashed, sold,
        assigned or delivered pursuant to, and under the circumstances specified
        in, Paragraph 2 hereof) to Pledgor, and this Security Deposit Pledge
        Agreement shall thereupon be without further effect.

PLEDGOR:                                 PLEDGEE:
IRORI INCORPORATED                       LEASE MANAGEMENT SERVICES, INC.

By: /s/ Michael P. Nova                 By: /s/ Barbara B. Kaiser
   ----------------------------------       ------------------------------------
Title: President                         Title: EVP/General Manager
      -------------------------------          ---------------------------------
Date: 10/27/95                           Date: 10/27/95
     --------------------------------         ----------------------------------

<PAGE>   15

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 01 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1.    EQUIPMENT DESCRIPTION:  See Attached Exhibit "A"

2.    PROCEEDS AMOUNT:        $47,191.91

3.    INSTALLMENT PAYMENTS:   Except as otherwise provided in the Agreement or
                              in this Schedule, the undersigned Debtor promises
                              to repay the Advance Amount, with interest as
                              follows:

$1,297.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on October 1, 1995, followed by a payment of
$7,079.00 on April 1, 1999.

4.    EQUIPMENT LOCATION:     11025 North Torrey Pines Road, # 100
                              La Jolla, CA 92037
5.    OTHER PROVISIONS: N/A

Dated: 10/27/95
      -------------------------------
DEBTOR                                    SECURED PARTY
IRORI INCORPORATED                        LEASE MANAGEMENT SERVICES, INC.

By: /s/ Michael P. Nova                   By: /s/ Barbara B. Kaiser
   -----------------------------------       -----------------------------------
                                             Barbara B.  Kaiser

Title: President                          Title: EVP/General Manager
      --------------------------------          --------------------------------

<PAGE>   16

LEASE MANAGEMENT SERVICES, INC.

                                                                     CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA  94025
------------------------------------
Irori Incorporated                                       CREDIT MEMO # 10787-01
11025 North Torrey Pines Road, #100                               DATE 11-Oct-95
La Jolla, CA 92037
------------------------------------

<TABLE>
<CAPTION>
QUANTITY                      DESCRIPTION                    PRICE           AMOUNT
--------                      -----------                 -----------       ---------
<S>       <C>                                             <C>               <C>
          RE: EQUIPMENT FINANCING AGREEMENT  10787-01

          First Month's Rent:                              $ 1,297.00
          Security Deposit:                                $11,798.00
          Non-Financeable Items:
             Freight/Install/Labor                         $   893.00
             Sales Tax                                     $ 2,364.42
             Softcost/Disposables                          $ 4,374.52
             Reimbursement for payment made
             to Gensia, Inc. - LMSI Ck. No. 024868
             dated 10-10-95.                               $18,000.00
          PLUS:
          Vendor Prepayments                              $(41,350.80)
          Prorata Commitment Fee                             $(208.00)
                                                          ------------
             TOTAL                                         $(2,831.86)

                                                                            $(2,831.86)
</TABLE>

If you have any questions concerning this credit,     CHECK PAYABLE TO:
call:  (415) 854-9450.                                Irori Incorporated

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   17

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 01 to the Equipment
Financing Agreement Number 10787, totaling $47,191.91 against equipment
purchases, as follows:

        $47,191.91      Proceeds from Equipment Financing Agreement Number
                        10787-01.

LESS:

         $1,297.00      Due to LEASE MANAGEMENT SERVICES, INC., to pay first
                        installment payment due October 1, 1995.

        $11,798.00      Due to LEASE MANAGEMENT SERVICES, INC., to pay Security
                        Deposit.

        $13,406.55      Due to pay vendors as more fully described on the
                        Exhibit A-2 attached hereto and made a part hereof.

            $66.50      Due to State Board of Equalization for sales tax
                        adjustment on BioMedic Data Systems, Inc., Invoice
                        No. 9521848.

        $18,000.00      Due to LEASE MANAGEMENT SERVICES, INC. for reimbursement
                        for Promissory Note Number IRO951 dated 10-10-95.

PLUS:

           $208.00      Credit for Commitment fee refund.

         $2,831.86      Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By: /s/ Michael P. Nova
   ----------------------------------
Title: President
      -------------------------------
Date: 10/27/95
     --------------------------------

<PAGE>   18

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 01 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

       COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
                    ATTACHED HERETO AND MADE A PART HEREOF.

                                      TOTAL PURCHASE PRICE       $47,191.91

Debtor: /s/ MPN    (Initials)
       ------------
Secured Party: /s/ BBK   (Initials)
              -----------

<PAGE>   19

IRORI INCORPORATED
EXHIBIT A-2
10787-01

<TABLE>
<CAPTION>
                                                                                                               FREIGHT
                                                                  EQ        SALES     SALES TAX    VENDOR      INSTALL       TOTAL
       VENDOR                   INVOICE         DATE             COST      TAX RATE   TO VENDOR    REBATE       LABOR       INVOICE
       ------                   --------      --------         --------    --------   ---------    ------      -------      --------
<S>                             <C>           <C>              <C>         <C>        <C>          <C>         <C>          <C>
Fisher Scientific                8548246      08/15/95         1,776.75      7.00%      124.37       0.00         0.00      1,901.12
Fisher Scientific                8668523      08/25/95         5,650.00      7.00%      395.50       0.00         0.00      6,045.50
Creative Integration, Inc.          3667      08/25/95         2,299.00      7.00%      160.93     (75.00)      240.00      2,624.93
BioMedic Data Systems Inc.       9521848      09/06/95           950.00      0.00%        0.00       0.00         0.00        950.00
VWR Scientific                  35006540      08/24/95         1,745.33      7.00%      131.67       0.00         8.00      1,885.00

                                                                                                                          $13,406.55
</TABLE>

Debtor: /s/ MPN    (Initials)            Secured Party: /s/ BBK     (Initials)
       ------------                                    ------------

<PAGE>   20

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 01 to Equipment Financing
Agreement Number 10787.

TO:    LEASE MANAGEMENT SERVICES, INC.
       2500 Sand Hill Road, Suite 101
       Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
              PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED
By: /s/ Michael P. Nova
   --------------------------------
Title: President
      -----------------------------
Date: 10/27/95
     ------------------------------

<PAGE>   21
<TABLE>
<CAPTION>
                         This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
               9534560778                                 12-8-95
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 N. TORREY PINES ROAD, Suite 100                                  LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                 3D.  ZIP CODE

-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.,
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A. NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO., OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
                                                                                                              A.B.A. NO.
     CITY                                               STATE                ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

6A.     [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

B       [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below..
-----------------------------------------------------------------------------------------------------------------------------------

C       [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

D       [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

E       [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

F       [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 01 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                                 C      9. This Space for Use of Filing Officer
                                                                                   O                  (Date, Time, Filing Office)
                                                                                   D
                                (Date)      10/27       1995                       E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                                   1
        By:        /s/ MICHAEL P. NOVA                       PRESIDENT, CEO
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                                   2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                                   3
        By:     /s/ BARBARA B. KAISER                              EVP/GM
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                                   4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                                   5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                       6
                              MENLO PARK, CA  94025

                                                                                   7
Filing Officer Debtors
STANDARD FORM -- FILING FEE             UNIFORM COMMERCIAL CODE -- FORM UCC.2

                                                                                   8
                       Approved by the Secretary of State
                                                                                   9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   22
This FINANCING STATEMENT is presented for filing and will remain effective with
certain exceptions for a period of five years from the date of filing pursuant
to section 9403 of the California Uniform Commercial Code.

<TABLE>
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>

1.   DEBTOR (LAST NAME FIRST)                                                                            1A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

1B.  MAILING ADDRESS                                                   1C.  CITY, STATE                  1D.  ZIP CODE
     11025 N. TORREY PINES ROAD, Suite 100                                  LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

2.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        2A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY,  STATE                 2D.  ZIP CODE

-----------------------------------------------------------------------------------------------------------------------------------

3.   DEBTOR'S TRADE NAMES OR STYLES  (IF ANY)                                                            3A.  FEDERAL TAX NUMBER

-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.,
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A. NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO., OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
                                                                                                              A.B.A. NO.
     CITY                                               STATE                ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

6.   THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES OR ITEMS OF PROPERTY (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH
     LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4).
        THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL ESTATE TRANSACTION.

        PROPERTY LOCATION, RECORD OWNER OF PROPERTY, LEGAL PROPERTY DESCRIPTION AND FINANCING STATEMENT ARE MORE FULLY DESCRIBED ON
        THE ONE PAGE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF.
-----------------------------------------------------------------------------------------------------------------------------------

7.   CHECK [X]     7A. [ ] PRODUCTS OF COLLATERAL    7B. DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE WITH INSTRUCTION 5(a) ITEM:
     IF APPLICABLE         ARE ALSO COVERED                              [ ](1)   [ ](2)   [ ](3)   [ ](4)

-----------------------------------------------------------------------------------------------------------------------------------

8.   CHECK [X]         [ ] DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC Section 9105(1)(n)
     IF APPLICABLE

-----------------------------------------------------------------------------------------------------------------------------------
9.                                                                            C     10. THIS SPACE FOR USE OF FILING OFFICER
                                                                              O         (DATE, TIME, FILE NUMBER AND FILING OFFICE)
                                                                              D
                                                      Date:                   E

       /s/ MICHAEL P. NOVA                          10/27/95                  1
    SIGNATURE(S) OF DEBTOR(S)
----------------------------------------------------------------------------- 2

      IRORI INCORPORATED                                                      3
TYPE OR PRINT NAME(S) OF DEBTOR(S)
----------------------------------------------------------------------------- 4
  /s/ BARBARA B. KAISER
SIGNATURE(S) OF SECURED PARTY(IES)                                            5
-----------------------------------------------------------------------------
                                                                              6

      LEASE MANAGEMENT SERVICES, INC.                                         7
TYPE OR PRINT NAME(S) OF SECURED PARTY(IES)
============================================================================= 8
RETURN COPY TO
                                                                              9
ADDRESS       LEASE MANAGEMENT SERVICES, INC.
CITY          2500 SAND HILL ROAD, SUITE 101
STATE         MENLO PARK, CA  94025
ZIP CODE
-----------------------------------------------------------------------------

                                           FORM UCC.1--
                                           Approved by the Secretary of State

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   23
                                    EXHIBIT A

THIS IS A FIXTURE FILING TO BE FILED WITH THE COUNTY RECORDERS OFFICE AS A REAL
ESTATE TRANSACTION:

PROPERTY LOCATION:
11025 N. TORREY PINES ROAD, SUITE 100
LA JOLLA, CA 92037

RECORD OWNER OF PROPERTY:
EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
11025 N. TORREY PINES ROAD, SUITE 200
LA JOLLA, CA 92037

LEGAL DESCRIPTION OF PROPERTY:

PARCELS 1 AND 2 OF PARCEL MAP NO. 10901, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO JANUARY 21, 1981, BEING A DIVISION OF LOT 11 OF
TORREYPINES SCIENCE PARK NO. 2, IN THE CITY OF SAN DIEGO, COUNTY OF SAN DIEGO,
STATE OF CALIFORNIA ACCORDING TO THE MAP 8434, FILED IN THE OFFICE OF THE COUNTY
RECORDER OF SAN DIEGO COUNTY, DECEMBER 10, 1976.

THIS FINANCING STATEMENT COVERS THE FOLLOWING TYPES (OR ITEMS) OF PROPERTY:

FIXTURE FILING TO COVER ALL EQUIPMENT AND OTHER PERSONAL PROPERTY (THE
"EQUIPMENT"), NOW OWNED AND HEREAFTER ACQUIRED AND FINANCED UNDER EQUIPMENT
FINANCING AGREEMENT NUMBER 10787 AND ALL SCHEDULES THEREUNDER, BETWEEN LEASE
MANAGEMENT SERVICES, INC., AS SECURED PARTY OR LESSOR AND IRORI INCORPORATED, AS
DEBTOR, INCLUDING, BUT NOT LIMITED TO, LABORATORY EQUIPMENT, LABORATORY
FURNITURE, COMPUTER EQUIPMENT, OFFICE EQUIPMENT, OFFICE FURNITURE AND LEASEHOLD
IMPROVEMENTS TOGETHER WITH ALL ACCESSORIES, PARTS, UPGRADES, RENEWALS AND
REPLACEMENTS OF, AND REPAIRS, IMPROVEMENTS AND ACCESSIONS TO THE EQUIPMENT AND
ANY INSURANCE PROCEEDS OR REVENUE DERIVED FROM THE SALE OR OTHER DISPOSITION OF
THE EQUIPMENT.
<PAGE>   24
               This FINANCING STATEMENT is presented for filing and will remain
               effective with certain exceptions for a period of five years from
               the date of filing pursuant to section 9403 of the California
LOAN           Uniform Commercial Code.

<TABLE>
<S>                                                             <C>
----------------------------------------------------------------------------------------------------------------------------------
1.   DEBTOR (LAST NAME FIRST - IF AN INDIVIDUAL)                                     1A.  SOCIAL SECURITY OR FEDERAL TAX NO.
     IRORI INCORPORATED
----------------------------------------------------------------------------------------------------------------------------------
1B.  MAILING ADDRESS                                            1C.  CITY, STATE                           1D.  ZIP CODE
     11025 N. TORREY PINES ROAD, SUITE 100                           LA JOLLA, CA                                 92037
----------------------------------------------------------------------------------------------------------------------------------
2.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                    2A.  SOCIAL SECURITY OR FEDERAL TAX NO.

----------------------------------------------------------------------------------------------------------------------------------
2B. MAILING ADDRESS                                             2C.  CITY,  STATE                          2D.  ZIP CODE

----------------------------------------------------------------------------------------------------------------------------------
3.   DEBTOR'S TRADE NAMES OR STYLES         (IF ANY)                                 3A.  FEDERAL TAX NUMBER

==================================================================================================================================
4.   SECURED PARTY                                                                   4A. SOCIAL SECURITY NO., FEDERAL TAX NO., OR
     NAME                    LEASE MANAGEMENT SERVICES, INC.                             BANK TRANSIT AND A.B.A. NO.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK           STATE         CA        ZIP CODE  94025
----------------------------------------------------------------------------------------------------------------------------------
5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                              5A.  SOCIAL SECURITY NO., FEDERAL TAX NO. OR
     NAME                                                                                 BANK TRANSIT AND A.B.A. NO.
     MAILING ADDRESS
     CITY                                         STATE                   ZIP CODE
----------------------------------------------------------------------------------------------------------------------------------
6.   This FINANCING STATEMENT covers the following types or items of property (INCLUDE DESCRIPTION OF REAL PROPERTY ON WHICH
     LOCATED AND OWNER OF RECORD WHEN REQUIRED BY INSTRUCTION 4).

     FINANCING STATEMENT AS MORE FULLY DESCRIBED ON THE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF.
----------------------------------------------------------------------------------------------------------------------------------
7.   CHECK   [X]                  7A.   PRODUCTS OF COLLATERAL          7B.  DEBTOR(S) SIGNATURE NOT REQUIRED IN ACCORDANCE
                                                                             WITH INSTRUCTION 5(a) ITEM:
     IF APPLICABLE                      [ ]  ARE ALSO COVERED                [ ] (1)       [ ] (2)        [ ] (3)       [ ] (4)
----------------------------------------------------------------------------------------------------------------------------------
8.   CHECK   [X]                        [ ]  DEBTOR IS A "TRANSMITTING UTILITY" IN ACCORDANCE WITH UCC SECTION 9105(1)(n)
     IF APPLICABLE
----------------------------------------------------------------------------------------------------------------------------------
9.                                                                      DATE:              C     10.  THIS SPACE FOR USE OF FILING
                                                                                           O          OFFICER (DATE, TIME, FILE
     /s/  Michael P. Nova                                               10/27/95           D          NUMBER AND FILING OFFICE)
SIGNATURE(S) OF DEBTOR(S)                                                                  E
----------------------------------------------------------------------------------------------
                                                                                           1
IRORI INCORPORATED
TYPE OR PRINT NAME(S) OF DEBTOR(S)                                                         2
----------------------------------------------------------------------------------------
   /s/ BARBARA B. KAISER                                                                   3
SIGNATURE(S) OF SECURED PARTY(IES)
----------------------------------------------------------------------------------------
                                                                                           4
LEASE MANAGEMENT SERVICES, INC.
TYPE OR PRINT NAME(S) OF SECURED PARTY(IES)
========================================================================================
Return Copy to                                                                             5

NAME                                                                                       6

ADDRESS                   P6-0000-141-6                                                    7

CITY                      LEASE MANAGEMENT SERVICES, INC.                                  8

STATE                     2500 SAND HILL ROAD, SUITE 101                                   9

ZIP CODE                  MENLO PARK, CA  94025                                            0
========================================================================================
                                                                FORM UCC.1 --
                                                                APPROVED BY THE SECTARY OF STATE
==================================================================================================================================
</TABLE>
<PAGE>   25

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-01

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                     INVOICE #   QTY          DESCRIPTION                 SERIAL NUMBER          AMOUNT
--- ------   -------------------------       -------------  ---      ---------------------           -------------         --------
<S> <C>     <C>                                <C>         <C>      <C>                              <C>                  <C>
 1  22106    Gensia, Inc.                                    6       Chemical Fume Hood 8'             92060067

    22104    Gensia, Inc.                                            Chemical Fume Hood 8'             92060068

    22102    Gensia, Inc.                                            Chemical Fume Hood 8'             92050063

    22100    Gensia, Inc.                                            Chemical Fume Hood 8'             92050064

    22098    Gensia, Inc.                                            Chemical Fume Hood 8'             92060066

    22097    Gensia, Inc.                                            Chemical Fume Hood 8'             93070239

    22105    Gensia, Inc.                                    6       48' Fume Hood Cabinet                N/A

    22103    Gensia, Inc.                                            48' Fume Hood Cabinet                N/A

    22101    Gensia, Inc.                                            48' Fume Hood Cabinet                N/A

    22099    Gensia, Inc.                                            48' Fume Hood Cabinet                N/A

    22096    Gensia, Inc.                                            48' Fume Hood Cabinet                N/A

    22095    Gensia, Inc.                                            48' Fume Hood Cabinet                N/A             18,000.00

 2  22135    Fisher Scientific                  7577091      1       Balance 110/230                     1879              1,031.25

 3  22093    Fisher Scientific                  7787450      1       Stir/Hot Plate                    03033285              247.00

 4  22092/   Fisher Scientific (22091)          7819795      1       RotVapor 24/40                10017814/10017727       3,108.00

 5  22090    Fisher Scientific                  7932314      1       Air Pump 115V                      AA617G               268.00

 6  22138    Fisher Scientific                  8490542      1       Air Pump 115V                      192279               380.00

 7  22117    Parallel Computing              0023812-IN      1       Apple Power Mac 6100             XB51307B41Y          2,500.00

    22116    Parallel Computing              0023812-IN      1       NEC XE 15" Color Monitor         4903100HAK             600.00

    22115    Parallel Computing              0023812-IN      1       Keyboard                         NN4306WY33G             80.00

    22113    Parallel Computing              0023812-IN      1       Hewlett Packard Plus             JPGL118331           1,980.00

 8  22112    Parallel Computing              0023852-IN      1       8 MB Ram Module for HP4                                 312.00

    22111    Parallel Computing              0023852-IN      1       20 MB SIMM Module for PB150                             850.00

 9  22114    Seal Furniture & Systems             17305      1       Executive "L" Unit Desk                                 605.95
             of San Diego, Inc.

10  22119    Creative Integration,               003618      1       Packard Bell P/100               L155503940           2,872.00
             Incorporated

    22110    Creative Integration,               003618      1       1 MB Video Upgrade                                      100.00
             Incorporated

    22120    Creative Integration,               003618      1       15" Viewsonic Monitor            D352121636             424.00
             Incorporated

11  22126    Ficom Corporation                   117892      4       KST3110 2 Line Phone             5ECTE006205

    22125    Ficom Corporation                   117892                                               4HAHE328466

    22124    Ficom Corporation                   117892                                               4FAHE323207

    22123    Ficom Corporation                   117892                                               4FAHE320506            376.00

12  22128    Office Depot, Inc.                 0796732      1       4 Drawer Lateral File               902JW               399.99

13  22129    Office Depot, Inc.           011597656-001      1       4 Drawer Lateral File               925JV               399.99

14  22122    Office Depot, Inc.                 0966063      1       4 Drawer Lateral File               BZZ1B               379.99

15  22127    Office Depot, Inc.              6197938533      1       Kodak 35MM Projector              A-615281              489.99

16  22136    Fisher Scientific                  8548246      1       Refrigerator                      53677244            1,776.75

17  22118    Fisher Scientific                  8668523      1       Upright Freezer                 V09E214496VE          5,650.00

18  22121    Creative Integration,                 3667      1       Power Mac 6100/56                XB5241X5PO           1,465.00
             Incorporated

Debtor  /s/ MPN (Initials)    Secured Party    /s/ BBK   (Initials)            1 of 2
       ---------                            ------------
</TABLE>

<PAGE>   26

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                     INVOICE #   QTY          DESCRIPTION                 SERIAL NUMBER          AMOUNT
--- ------   -------------------------       -------------  ---      ---------------------           -------------         --------
<S> <C>     <C>                                <C>         <C>      <C>                              <C>                  <C>
    22109    Creative Integration,                 3667      1       15" Multiscan Monitor            CJ5219PQ39X            487.00
             Incorporated

    22108    Creative Integration,                 3667      1       Connectix Ram doubler                                    60.00
             Incorporated

    22107    Creative Integration,                 3667      1       Local Talk Connector Kit                                 34.00
             Incorporated

      N/A    Creative Integration,                 3667      1       Vendor Credit                                           (75.00)
             Incorporated

19  22139    BioMedic Data                      9521848      1       Implantable Programmable          515-0104              950.00
             Systems Inc.                                            Temperature

20  22094    VWR Scientific                    35006540      1       Dataplate Hot Plate/Stir            4660                480.00

21  22137    VWR Scientific                    35006540      1       PH Meter                          C0017339              960.00

22                                                                                                    GRAND TOTAL         47,191.91

Debtor  /s/ MPN (Initials)    Secured Party    /s/ BBK   (Initials)            2 of 2
       ---------                            ------------
</TABLE>

<PAGE>   27

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 02 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1. EQUIPMENT DESCRIPTION:         See Attached Exhibit "A"

2. PROCEEDS AMOUNT:               $56,437.03

3. INSTALLMENT PAYMENTS:          Except as otherwise provided in the Agreement
                                  or in this Schedule, the undersigned Debtor
                                  promises to repay the Advance Amount, with
                                  interest as follows:

$1,551.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on December 1, 1995, followed by a payment of
$8,466.00 on June 1, 1999.

4. EQUIPMENT LOCATION:            11025 North Torrey Pines Road, # 100
                                  La Jolla, CA 92037

5. OTHER PROVISIONS:              N/A

Dated: 11/30/95
       ----------------

DEBTOR:                                          SECURED PARTY:
IRORI INCORPORATED                               LEASE MANAGEMENT SERVICES, INC.

By:  /s/  Michael P. Nova                        By: /s/  Barbara B. Kaiser
     ---------------------------                     ------------------------
                                                     Barbara B. Kaiser

Title: President, CEO                            Title: EVP/General Manager
       -------------------------                        ---------------------

<PAGE>   28

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 02 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

       COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
                     ATTACHED HERETO AND MADE A PART HEREOF.

                                       TOTAL PURCHASE PRICE $56,437.03

Debtor:     /s/  MPN           (Initials)
        ---------------------
Secured Party:   /s/  BBK      (Initials)
              ---------------

<PAGE>   29

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-02

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                     INVOICE #   QTY          DESCRIPTION                 SERIAL NUMBER          AMOUNT
--- ------   -------------------------       -------------  ---      ---------------------           -------------         --------
<S> <C>     <C>                              <C>           <C>      <C>                             <C>                  <C>
 1  33247    Ficom Corporation                119413         1       Vodavi 4896 System              B0006229             4,856.00

 1  33250    Ficom Corporation                119413         1       12 Port Digital Station                                597.00
                                                                     Board

 1  33251    Ficom Corporation                119413         1       12 Port Single Line Station                            688.00
                                                                     Board

 1  33248    Ficom Corporation                119413         1       Tri-output Power Supply         B0007284               376.00

 1  33249    Ficom Corporation                119413         1       Quad DTMF Receiver                                     194.00

 1  33238    Ficom Corporation                119413         1       Executive Display/Speaker       41201415               259.00
                                                                     Phone

 1  33266    Ficom Corporation                119413         1       Executive Display/Speaker       41201372               259.00
                                                                     Phone

 1  33267    Ficom Corporation                119413         1       48 Button DSS Console           41200015               259.00

 1  33246    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018288               206.52

 1  33245    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018296               206.52

 1  33253    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018713               206.52

 1  33243    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500347               206.52

 1  33244    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018708               206.52

 1  33242    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500192               206.52

 1  33241    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500188               206.52

 1  33236    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018300               206.52

 1  33268    Ficom Corporation                119413         1       Enhanced Speaker Telephones     41018282               206.52

 1  33239    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500213               206.52

 1  33237    Ficom Corporation                119413         1       Enhanced Speaker Telephones     40707926               206.52

 1  33240    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500187               206.52

 1  33265    Ficom Corporation                119413         1       Enhanced Speaker Telephones     50500290               206.47

 2  33279    Chemglass                    0017082-IN         1       5-Port R Vacuum Manifold           N/A                 304.45

 3  33282    BioMedic Data Systems Inc.      9521826         1       Programmable Console System     51S-0104             4,795.00

 3  33283    BioMedic Data Systems Inc.      9521826         1       Implantable Programmable         072595                950.00
                                                                     Temperature Transponder

 4  33269    Genie Corp.                        2087         1       Flammable Cabinets                 N/A                 850.00

 4  33270    Genie Corp.                        2087         1       Flammable Cabinets                 N/A                 850.00

 4  33271    Genie Corp.                        2087         1       Flammable Cabinets                 N/A                 850.00

 4  33272    Genie Corp.                        2087         1       Flammable Cabinets                 N/A                 850.00

 5  33252    Cousins                      IRORC00057         1       Refrigerator                    SM800847               370.00

 6  33276    Black Box Corporation            522148         1       PC-Reader                      DA015919542             565.00

 6  33279    Black Box Corporation            522148         1       PC-Reader                      DA025919557             565.00

 7  33261    Fisher Scientific               8853230         1       Centrific Centrifuge           5N-50800322             798.92
                                                                     120V 60HZ

 7  33281    Fisher Scientific               8853230         1       Horizontal Rotor 4PL50ML                               330.00

 7  33260    Fisher Scientific               8853230         1       Orbital Shaker 115V 50/60HZ    CA07952598              733.65

 8  33274    Fisher Scientific               8897713         1       Flammable Material Storage      53677274              2,142.00
                                                                     Refrigerator

 8  33273    Fisher Scientific               8897713         1       Flammable Material Storage      VH780666              1,994.00
                                                                     Freezer

 9  33275    Fisher Scientific               9163973         1       Centrifuge Model 5415C          541B67414            1,585.00
                                                                     115V 60MZ

10  33278    Avid Marketing, Inc.              17259         1       AVID Mini Tracker Multi          040408                450.00
                                                                     Tag Reader

Debtor   /s/ MPN    (Initials)    Secured Party    /s/ BBK      (Initials)            1 of 2
       ------------                             ---------------
</TABLE>

<PAGE>   30

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                     INVOICE #   QTY          DESCRIPTION                 SERIAL NUMBER          AMOUNT
--- ------   -------------------------       -------------  ---      ---------------------           -------------         --------
<S> <C>     <C>                              <C>           <C>      <C>                             <C>                  <C>
11  33254    VWR Scientific                 37138480         1       Air Pump 115V 60HZ              AC8102178            1,081.13

12  33255    VWR Scientific                 34604370         2       5-Leg Chair w/Foot Ring          52875-1               290.00

13  33280    VWR Scientific                 34582390         1       Mixer, Rotomix Model 48215T   552950795027             192.60

14  33256    VWR Scientific                 34300760         1       Dry Block Heater                  1073                 140.80

15  33264    Forma Scientific                2515960         1       Lab Incubator 2-Auto CO2       30781-8503            5,741.10

16  33262    The Baker Company              00076759         1       SG5, UV&Mag Hood                  54734              6,413.50

17  33263    A.G. Heinze Incorporated          92437         1       TMS Body w/Trinocular             21024              3,443.35

17  33257    A.G. Heinze Incorporated          92437         1       Alphaphot 2 Binocular            176873              1,468.62

18  33258    A.G. Heinze Incorporated          92608         1       Objective Lense                  176873                584.80

19  33259    E.I. Du Pont De Nemours      A271011589         1       RT6000D Digital Centrifuge       9504046             7,925.40

                                                                                                     GRAND TOTAL         $56,437.03

Debtor   /s/ MPN    (Initials)    Secured Party    /s/ BBK      (Initials)            2 of 2
       ------------                             ---------------
</TABLE>

<PAGE>   31

                       Lease Management Services, Inc.
                       2500 Sand Hill Road, Suite 101,
                       Menlo Park, CA 94025 Telephone (415)
                       854-9450 o Fax (415) 854-9457

November 21, 1995

Brenda Magill
IRORI INCORPORATED
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

Dear Brenda:

Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 02. The Commencement date of this schedule is December 1, 1995.
Please see that the documents are executed and returned.

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A, Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                                       LABELING OF EQUIPMENT
                                                 Equipment Financing Agreement
/s/  K.C.                                        Number: 10787-02
                                                 Label Number: 33236 to 33286
Kathy (Kasey) Christie
Contract Administrator                           IRORI INCORPORATED

                                                 By:     /s/  Michael P. Nova
                                                     --------------------------

                                                 Title: President, CEO
                                                        -----------------------

                                                  Date: 11/29/95
                                                        -----------------------

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   32

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 02 to Equipment Financing
Agreement Number 10787.

TO:    LEASE MANAGEMENT SERVICES, INC.
       2500 Sand Hill Road, Suite 101
       Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above,

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
              PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED

By:    /s/ Michael P. Nova
    ---------------------------------
Title: President, CEO
       ------------------------------
Date:  11/27
       ------------------------------

<PAGE>   33

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 02 to the Equipment
Financing Agreement Number 10787, totaling $56,437.03 against equipment
purchases, as follows:

             $56,437.03         Proceeds from Equipment Financing Agreement
                                Number 10787-02.

LESS:
             $ 1,551.00         Due to LEASE MANAGEMENT SERVICES, INC., to pay
                                first installment payment due December 1, 1995.

             $14,109.00         Due to LEASE MANAGEMENT SERVICES, INC., to
                                pay Security Deposit.
PLUS:
             $   248.00         Credit for Commitment fee refund.

             $41,025.03         Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By: /s/ Michael P. Nova
    ------------------------------

Title: President, CEO
       ---------------------------

Date:  11/27
       ---------------------------

<PAGE>   34

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-02

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                   INVOICE #     QTY             DESCRIPTION              SERIAL NUMBER         AMOUNT
--- ------   -------------------------      -------------   ---      ----------------------------    -------------        --------
<S> <C>     <C>                              <C>           <C>      <C>                             <C>                  <C>

 1  33247    Ficom Corporation                 119413        1       Vodavi 4896 System               B0006229            4,856.00

 1  33250    Ficom Corporation                 119413        1       12 Port Digital Station                                597.00
                                                                     Board

 1  33251    Ficom Corporation                 119413        1       12 Port Single Line                                    688.00
                                                                     Station Board

 1  33248    Ficom Corporation                 119413        1       Tri-output Power Supply          B0007284              376.00

 1  33249    Ficom Corporation                 119413        1       Quad DTMF Receiver                                     194.00

 1  33238    Ficom Corporation                 119413        1       Executive Display/Speaker        41201415              259.00
                                                                     Phone

 1  33266    Ficom Corporation                 119413        1       Executive Display/Speaker        41201372              259.00
                                                                     Phone

 1  33267    Ficom Corporation                 119413        1       48 Button DSS Console            41200015              259.00

 1  33246    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018288              206.52

 1  33245    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018296              206.52

 1  33253    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018713              206.52

 1  33243    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500347              206.52

 1  33244    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018708              206.52

 1  33242    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500192              206.52

 1  33241    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500188              206.52

 1  33236    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018300              206.52

 1  33268    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      41018282              206.52

 1  33239    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500213              206.52

 1  33237    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      40707926              206.52

 1  33240    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500187              206.52

 1  33265    Ficom Corporation                 119413        1       Enhanced Speaker Telephones      50500290              206.47

 2  33279    Chemglass                     0017082-IN        1       5-Port R Vacuum Manifold            N/A                304.45

 3  33282    BioMedic Data Systems Inc.       9521826        1       Programmable Console System      51S-0104            4,795.00

 3  33283    BioMedic Data Systems Inc.       9521826        1       Implantable Programmable           072595              950.00
                                                                     Temperature Transponder

 4  33269    Genie Corp.                         2087        1       Flammable Cabinets                  N/A                850.00

 4  33270    Genie Corp.                         2087        1       Flammable Cabinets                  N/A                850.00

 4  33271    Genie Corp.                         2087        1       Flammable Cabinets                  N/A                850.00

 4  33272    Genie Corp.                         2087        1       Flammable Cabinets                  N/A                850.00

 5  33252    Cousins                       IRORC00057        1       Refrigerator                     SM800847              370.00

 6  33276    Black Box Corporation             522148        1       PC-Reader                       DA015919542            565.00

 6  33279    Black Box Corporation             522148        1       PC-Reader                       DA025919557            565.00

 7  33261    Fisher Scientific                8853230        1       Centrific Centrifuge            5N-50800322            798.92
                                                                     120V 60HZ

 7  33281    Fisher Scientific                8853230        1       Horizontal Rotor 4PL50ML                               330.00

 7  33260    Fisher Scientific                8853230        1       Orbital Shaker 115V 50/60HZ     CA07952598             733.65

 8  33274    Fisher Scientific                8897713        1       Flammable Material Storage       53677274            2,142.00
                                                                     Refrigerator

 8  33273    Fisher Scientific                8897713        1       Flammable Material Storage       VH780666            1,994.00
                                                                     Freezer

 9  33275    Fisher Scientific                9163973        1       Centrifuge Model 5415C           541B67414           1,585.00
                                                                     115V 60MZ

10  33278    Avid Marketing, Inc.               17259        1       AVID Mini Tracker Multi           040408               450.00
                                                                     Tag Reader

Debtor   /s/ MPN     (Initials)    Secured Party  /s/ BBK    (Initials)         1 of 1
       -------------                             -----------

</TABLE>

<PAGE>   35

<TABLE>
<CAPTION>
     LMSI
ROW  TAG #           VENDOR                   INVOICE #     QTY             DESCRIPTION              SERIAL NUMBER        AMOUNT
--- ------   -------------------------      -------------   ---      ----------------------------    -------------      ----------
<S> <C>     <C>                              <C>           <C>      <C>                             <C>                  <C>
11  33254    VWR Scientific                  37138480        1       Air Pump 115V 60HZ               AC8102178           1,081.13

12  33255    VWR Scientific                  34604370        2       5-Leg Chair w/Foot Ring           52875-1              290.00

13  33280    VWR Scientific                  34582390        1       Mixer, Rotomix Model 48215T    552950795027            192.60

14  33256    VWR Scientific                  34300760        1       Dry Block Heater                   1073                140.80

15  33264    Forma Scientific, Inc.           2515960        1       Lab Incubator 2-Auto CO2        30781-8503           5,741.10

16  33262    The Baker Company               00076759        1       SG5, UV&Mag Hood                   54734             6,413.50

17  33263    A.G. Heinze Incorporated           92437        1       TMS Body w/Trinocular              21024             3,443.35

17  33257    A.G. Heinze Incorporated           92437        1       Alphaphot 2 Binocular             176873             1,468.62

18  33258    A.G. Heinze Incorporated           92608        1       Objective Lense                   176873               584.80

19  33259    E.I. Du Pont De Nemours       A271011589        1       RT6000D Digital Centrifuge        9504046            7,925.40

                                                                                                    GRAND TOTAL         $56,437.03

Debtor   /s/ MPN     (Initials)    Secured Party  /s/ BBK    (Initials)         2 of 2
       -------------                             -----------
</TABLE>

<PAGE>   36

<TABLE>
<CAPTION>
10787-02                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
        9534560778                            12-8-95                                                         Sacramento, CA
-----------------------------------------------------------------------------------------------------------------------------------
2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, SUITE 100                               LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------
3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------
3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                      3D.  ZIP CODE

-----------------------------------------------------------------------------------------------------------------------------------
4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025
-----------------------------------------------------------------------------------------------------------------------------------
5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     CITY                                               STATE                ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------
6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
B       [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------
C       [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------
D       [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------
E       [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------
F       [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 02 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)           11/30/95                     E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                        PRESIDENT, CEO
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:        /s/ BARBARA B. KAISER
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM -- FILING FEE        UNIFORM COMMERCIAL CODE -- FORM UCC.2

                                                                              8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   37

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 02 to Equipment Financing
Agreement Number 10787.

TO:    LEASE MANAGEMENT SERVICES, INC.
       2500 Sand Hill Road, Suite 101
       Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached, Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be assented as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
              PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED

By:  /s/ Michael P. Nova
     -------------------------------
Title: President, CEO
       -----------------------------
Date:  11/27
       -----------------------------

<PAGE>   38

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:     LEASE MANAGEMENT SERVICES, INC.
        2500 Sand Hill Road, Suite 101
        Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 02, to the Equipment
Financing Agreement Number 10787, totaling $56,437.03 against equipment
purchases, as follows:

                $56,437.03        Proceeds from Equipment Financing
                                  Agreement Number 10787-02.

LESS:

                $ 1,551.00        Due to LEASE MANAGEMENT SERVICES, INC.,
                                  to pay first installment payment due
                                  December 1, 1995.

                $14,109.00        Due to LEASE MANAGEMENT SERVICES, INC.,
                                  to pay Security Deposit.
PLUS:
                $   248.00        Credit for Commitment fee refund.

                $41,025.03        Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By:  /s/ Michael P. Nova
     -------------------------------

Title: President, CEO
       -----------------------------

Date:  11/27
       -----------------------------

<PAGE>   39

                         Lease Management Services, Inc.
                         2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025
                         Telephone (415) 854-9450 o Fax (415) 854-9457

November 21, 1995

Brenda Magill
IRORI INCORPORATED
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

Dear Brenda:

Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 02. The Commencement date of this schedule is December 1, 1995.
Please see that the documents are executed and returned.

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A, Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                                   LABELING OF EQUIPMENT
                                             Equipment Financing Agreement
/s/ K.C.                                     Number: 10787-02
                                             Label Number: 33236 to 33286

Kathy (Kasey) Christie                       IRORI INCORPORATED
Contract Administrator
                                             By: /s/ Michael P. Nova
                                                 ------------------------------

                                             Title: President, CEO
                                                    ---------------------------

                                             Date:  11/29/95
                                                    ---------------------------

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   40

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 03 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1. EQUIPMENT DESCRIPTION:         See Attached Exhibit "A"

2. PROCEEDS AMOUNT:               $105,426.86

3. INSTALLMENT PAYMENTS:          Except as otherwise provided in the Agreement
                                  or in this Schedule, the undersigned Debtor
                                  promises to repay the Advance Amount, with
                                  interest as follows:

$2,880.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on January 1, 1996, followed by a payment of
$15,814.00 on July 1, 1999.

4. EQUIPMENT LOCATION:            11025 North Torrey Pines Road, # 100
                                  La Jolla, CA 92037

5. OTHER PROVISIONS:              N/A

Dated:        11/10/96
      ------------------------------

DEBTOR:                                      SECURED PARTY:
IRORI INCORPORATED                           LEASE MANAGEMENT SERVICES, INC.

By:  /s/ Michael P. Nova                     By:    /s/ BARBARA B. KAISER
     -------------------------------             ------------------------------
                                                 Barbara B.  Kaiser

Title: CEO                                    Title: EVP/General Manager
       -----------------------------                 --------------------------

<PAGE>   41

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 03 to Equipment Financing
Agreement Number 10787.

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Memo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
              PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED

By:  /s/ Michael P. Nova
     -------------------------------

Title: CEO
       -----------------------------

Date:  1/10/96
       -----------------------------

<PAGE>   42

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:    LEASE MANAGEMENT SERVICES, INC.
       2500 Sand Hill Road, Suite 101
       Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 03 to the Equipment
Financing Agreement Number 10787, totaling $105,426.86 against equipment
purchases, as follows:

<TABLE>
<S>            <C>                <C>
                $105,426.86       Proceeds from Equipment Financing
                                  Agreement Number 10787-03.
LESS:
                $  2,880.00       Due to LEASE MANAGEMENT SERVICES, INC., to
                                  pay first installment payment
                                  due January 1, 1996.

                $ 26,357.00       Due to LEASE MANAGEMENT SERVICES, INC.,
                                  to pay Security Deposit.

                $ 42,000.00       Due to LEASE MANAGEMENT SERVICES, INC., for
                                  reimbursement on Interim Promissory Note
                                  Number IRONINC953.

                $    170.80       Due to LEASE MANAGEMENT SERVICES, INC.,
                                  for interest due on Interim Promissory Note
                                  Number IRONINC953.
PLUS:
                $    464.00       Credit for Commitment fee refund.

                $ 34,483.06       Credit due to IRORI INCORPORATED.
</TABLE>

DEBTOR:
IRORI INCORPORATED

By:  /s/ Michael P. Nova
     -------------------------------

Title: CEO
       -----------------------------

Date:  1/10/96
       -----------------------------

<PAGE>   43

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 03 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

       COLLATERAL AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1
                    ATTACHED HERETO AND MADE A PART HEREOF.

                                  TOTAL PURCHASE PRICE        $105,426.86

Debtor:   /s/ MPN    (Initials)
       -------------
Secured Party: /s/ BBK   (Initials)
              -----------

<PAGE>   44

                         LEASE MANAGEMENT SERVICES, INC.

                                                                    CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA.  94025

Irori Incorporated
11025 North Torrey Pines Road, #100
La Jolla, CA 92037
                                                   CREDIT MEMO #       10787-03
                                                           DATE        09-Jan-96

<TABLE>
<CAPTION>
QUANTITY                                     DESCRIPTION                                 PRICE                 AMOUNT
-----------------    ------------------------------------------------------------    --------------    ----------------------
<S>                  <C>                                                             <C>               <C>
                      RE:  EQUIPMENT FINANCING AGREEMENT NO.            10787-03
                     -----------------------------------------------------------

                      First Month's Rent:                              $2,880.00
                      Security Deposit:                               $26,357.00
                      Advance made on IP Note IROINC953               $42,000.00
                      Interest due on Note IROINC953                     $170.80
                      Non-Financeable Items:
                       Freight/Install/Labor                             $225.81
                       Sales Tax                                       $2,748.25
                       Softcost/Disposables                              $306.78
                      PLUS:
                      Vendor Prepayments                            ($108,707.70)
                      Prorata Commitment Fee                            ($464.00)
                       TOTAL                                         ($34,483.06)

                                                                                                       ----------------------

If you have any questions concerning this credit,             CHECK PAYABLE TO:                              ($34,483.06)
call:  (415) 854-9450.                                        Irori Incorporated
                                                                                                       ----------------------

</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   45

                         Lease Management Services, Inc.
                         2500 Sand Hill Road, Suite 101,
                         Menlo Park, CA 94025 Telephone (415)
                         854-9450 o Fax (415) 854-9457

January 9, 1996

Brenda Magill
Irori Incorporated
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

Dear Brenda:

Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 03. The Commencement date of this schedule is January 1, 1996.

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                                    LABELING OF EQUIPMENT
                                              Equipment Financing Agreement
/s/ Wendy Ritz                                Number: 10787-03
                                              Label Number:_________________
Wendy Ritz                                    IRORI INCORPORATED
Sr. Contract Administrator
                                              By: /s/ Michael P. Nova
                                                  -----------------------------

                                              Title:  CEO
                                                     --------------------------
                                              Date:   1/10/96
                                                     --------------------------

Enclosures

  A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   46

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-03

<TABLE>
<CAPTION>
 LMSI
 TAG #          VENDOR                        INVOICE #    QTY       DESCRIPTION                  SERIAL NUMBER        AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
<S>       <S>                                <C>           <C>   <C>                              <C>                <C>
 22249    VWR Scientific                        36511410    1    Ice Flaker with bin                846822-01M         2,463.63
 22258    VWR Scientific                        37897740    1    Buchi Rotovapor                      1002641          2,899.00
 22255    RAG Electronics, Inc.                   070611    1    Tektronix Probe Oscilloscope         B020613          7,390.00
 22256    RAG Electronics, Inc.                   070611    1    Fluke 87 DMM                        64310091            315.00
 22257    RAG Electronics, Inc.                   070611    1    Topward 6306D Power Supply           977215             879.00
 22260    DepoTech Corporation                       001    1    Receptionist Desk & Work Area          N/A            3,500.00
 22253    E.I. DuPont DeNemours & Co.         A271141679    1    Ultra Centrifuge                     9501119         18,239.00
 22254    Parsons Airgas                          743705    1    Liquid Nitrogen Freezer System      566017L9          5,637.50
 22250    McMaster-Carr                          8346301    1    Combination Vise                       N/A              298.45
 22261    McMaster-Carr                          8382499    1    Work Bench 60" Wide x 30" Deep         N/A              272.88
 22262    McMaster-Carr                          8382499    1    Work Bench 48" Wide x 30" Deep         N/A              233.41
 22259    Curtin Matheson Scientific, Inc.       6868342    1    Drying Rack                            N/A              312.00
 22251    PBA Technology                      0000002254    1    Robot/Basic PBA Flexys system
                                                                 w/syringe pump pipette                10022          62,200.00
 22252    PBA Technology                     0000002280B    1    Parallel Card for Robot                N/A              786.99

                                                                                                       TOTAL         105,426.86

</TABLE>

Debtor /s/ MPN (Initials)   Secured Party /s/ BBK (Initials)   1 of 1
      ---------                          ---------
<PAGE>   47
                               STATE OF CALIFORNIA
         UNIFORM COMMERCIAL CODE--FINANCING STATEMENT CHANGE--FORM UCC-2
           IMPORTANT--READ INSTRUCTIONS ON BACK BEFORE COMPLETING FORM

<TABLE>
<CAPTION>
10787-03                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
       9534560078                          12-8-95
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, SUITE 100                               LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                      3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     CITY                                               STATE                ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

B       [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

C       [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

D       [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

E       [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

F       [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 03 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)        1/10      1996                  E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                           1/10/96
            ----------------------------------------------------------------- 2
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              3
                         LEASE MANAGEMENT SERVICES, INC.
----------------------------------------------------------------------------- 4

        By:  /s/ BARBARA B. KAISER                                EUP/GM      5
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)     6

----------------------------------------------------------------------------- 7
                                 RETURN COPY TO
                                                                              8
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.                 9
                              2500 SAND HILL ROAD, SUITE 101
                              MENLO PARK, CA  94025

Filing Officer Debtors
STANDARD FORM -- FILING FEE       UNIFORM COMMERCIAL CODE -- FORM UCC.2

                       Approved by the Secretary of State
-----------------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>   48

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 04 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1. EQUIPMENT DESCRIPTION:  See Attached Exhibit "A"
2. PROCEEDS AMOUNT:        $138,474.53
3. INSTALLMENT PAYMENTS:   Except as otherwise provided in the Agreement or in
                           this Schedule, the undersigned Debtor promises to
                           repay the Advance Amount, with interest as follows:

$4,161.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on January 1, 1995, followed by a payment of $1.00
on July 1, 1999.

4. EQUIPMENT LOCATION:     11025 North Torrey Pines Road, # 100
                           La Jolla, CA 92037

5. OTHER PROVISIONS:       N/A

Dated: 11/16/96
       -----------------------------
DEBTOR                                      SECURED PARTY
IRORI INCORPORATED                          LEASE MANAGEMENT SERVICES, INC.
By:  /s/ Michael P. Nova                    By: /s/ BARBARA B. KAISER
    --------------------------------            --------------------------------
                                                   Barbara B. Kaiser

Title: 11/16/96                             Title:  EVP/General Manager
       -----------------------------            --------------------------------

<PAGE>   49

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:       LEASE MANAGEMENT SERVICES, INC.
          2500 Sand Hill Road, Suite 101
          Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 04, to the Equipment
Financing Agreement Number 10787, totaling $$138,474.53 against equipment
purchases, as follows:

       $138,474.53  Proceeds from Equipment Financing Agreement Number 10787-04.

LESS:

         $4,161.00  Due to LEASE MANAGEMENT SERVICES, INC., to pay first
                    installment payment due January 1, 1995.

        $41,542.00  Due to LEASE MANAGEMENT SERVICES, INC., to pay Security
                    Deposit.

        $54,442.00  Due to Weather Engineering to pay the balance due on
                    Invoice 12462.

PLUS:
           $609.00  Credit for Commitment fee refund.

        $38,938.53  Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED
By:  /s/ Michael P. Nova
    -------------------------------
Title: CEO
    -------------------------------
Date:  11/16/96
    -------------------------------

<PAGE>   50

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 04 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

LEASEHOLD, INCLUDING, BUT NOT LIMITED TO:
GENERAL REQUIREMENTS, HVAC, PLUMBING, ELECTRICAL, ENGINEERING, DESIGN WORK, ETC.

                              TOTAL PURCHASE PRICE                $138,474.53

Debtor:         s/ MPN      (Initials)
        -------------------
Secured Party: /s/ BBK         (Initials)
              ----------------

<PAGE>   51
                         LEASE MANAGEMENT SERVICES, INC.

                                                                    CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA.  94025

Irori Incorporated
11025 North Torrey Pines Road, #100
La Jolla, CA 92037
                                                   CREDIT MEMO #       10787-04
                                                           DATE        12-Jan-96

<TABLE>
<CAPTION>
QUANTITY                                     DESCRIPTION                                 PRICE                 AMOUNT
-----------------    ------------------------------------------------------------    --------------    ----------------------
<S>                  <C>                                                             <C>               <C>
                      RE:  EQUIPMENT FINANCING AGREEMENT NO.            10787-04
                     -----------------------------------------------------------

                      First Month's Rent:                              $4,161.00
                      Security Deposit:                               $41,542.00
                      Non-Financeable Items:
                       Freight/Install/Labor                               $0.00
                       Sales Tax                                           $0.00
                       Softcost/Disposables                                $0.00
                      PLUS:
                      Vendor Prepayments                             ($84,032.53)
                      Prorata Commitment Fee                            ($609.00)
                                                                     -----------
                       TOTAL                                         ($38,938.53)

                                                                                                       ----------------------

If you have any questions concerning this credit,             CHECK PAYABLE TO:
call:  (415) 854-9450.                                        Irori Incorporated                             ($38,938.53)

                                                                                                       ----------------------
</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   52

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 04 to Equipment Financing
Agreement Number 10787.

TO:    LEASE MANAGEMENT SERVICES, INC.
       2500 Sand Hill Road, Suite 101
       Memo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be assented as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
              PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED
By:  /s/ Michael P. Nova
    ---------------------------
Title:  CEO
       ------------------------
Date:  1/6/96
      -------------------------

<PAGE>   53

                             INTERIM PROMISSORY NOTE

Interim Promissory Note Number IROINC953
Amount $42,000.00

For Value Received, the undersigned promises to pay, in lawful money of the
United States of America, to Lease Management Services, Inc. the sum of
Forty-Two Thousand & 00/100 on demand with interest at a rate equal to 14.64 %
percent, commencing on the date of funding (the date Payee advanced the
principle sum hereof.) Payment in full is due on or before January 31, 1996.

The principal amount of this Note shall cease to be due and payable on the date
the undersigned executes all necessary Lease/Equipment Financing Schedule
documents ("Agreements"), and the principal portion of this Note shall be deemed
paid in full, however, interest shall accrue until the Rental Commencement Date
of the Agreements and is due and payable monthly.

In the Event of commencement of suit to enforce payment of this Note, the
undersigned agrees to pay such additional sums for attorney's fees and court
costs as any court of competent jurisdiction may adjudge reasonable.

Irori Incorporated agrees that the proceeds of this Note shall be paid to Irori
Incorporated for reimbursement for equipment purchase made from PBA Technology.

IRORI INCORPORATED

By:  /s/ Michael P. Nova
    ---------------------------
    Michael P. Nova, M.D.

Title: President and CEO
       ------------------------
Date:  12/21/95
       ------------------------

<PAGE>   54

<TABLE>
<S>                                                                       <C>                          <C>
                                              PBA
                              Unit 3, Forge Close,                                         ----INVOICE----
                                  Little End Road,
                          Eaten Socon., St. Neets,
                                  Cambs, PE19 3TP
                          Telephone: 01480 474344
                            Facsimile 01480 471660
                                Reg No.  02315315

----------------------------------------------------                       ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY                                                       Invoice No:            0000002280
11025 NORTH TORRWY PINES ROAD
SUITE 100                                                                               Date:            13-Dec-95
LA JOLLA
CA 92037,  U.S.A.            IRORI                                                  Due date:

                                                                                    Order No:            1133

                                                                              Current Balance                    12169.50
-------------------------------------------------------------------------------------------------------------------------
Qty               Description                                                    Price each                  Total
-------------------------------------------------------------------------------------------------------------------------
 1                PIC PARALLEL CARD (DESPATCH NOTE 573)                            787.00                    787.00
 1                POSTAGE VIA DHL                                                   30.96                     30.96

                              Equipment   =        787
                                                 1.566
                                              --------
                              US$         =   1,232.44   leaseline

                              Postage     =      30.96
                                                 1.566
                                              --------
                              US$         =      48.48
                                              --------

Deliver To:
----------------------------------------------------                       ----------------------------------------------
                                                                                     GOODS TOTAL                   817.96

                                                                                       VAT TOTAL                     0.00

                                                                                   INVOICE TOTAL
----------------------------------------------------                       ----------------------------------------------

</TABLE>

<PAGE>   55
Date:      December 20, 1995                             Pages:  5

To:        Wendy
           Lease Management
           1-415-854-9457

From:      Brenda Magill
           IRORI

Subject:   Robot purchase, promissory note

Following are copies of the invoices for our purchase of the robot. We are
awaiting confirmation of the exact US dollar amount due and will wire transfer
the balance on Friday. Additionally, I have included a copy of our money market
statement where we transferred the initial deposit for the robot.

As you indicated we can not get all the paperwork done by December 31st, but can
get a promissory note done to reimburse IRORI the balance. My estimate of the
amount due is as follows:

<TABLE>
<S>                                                        <C>
Robotics system in                                             40,506.03
Conversion factor                                                  1.566
                                                              ----------
Price of robot in US $                                        $63,432.44
Advance rate for lease                                                75%
                                                              ----------
Advance to IRORI                                              $47,574,33

Less sales and use tax to be paid by Lease Management          (4,440.27)
                                                              ----------
Estimate of amount due to IRORI                               $43,134.06
                                                              ----------
</TABLE>

I expect only a small difference between the estimate above and our final
payment. If we set up the promissory note for $42,000, we will ensure not to
borrow in excess of the amount ultimately to be paid.

Please call with any questions.

<PAGE>   56

<TABLE>
<S>                                                                       <C>                          <C>

                                              PBA
                              Unit 3, Forge Close,                                         ----INVOICE----
                                  Little End Road,
                          Eaten Socon., St. Neets,
                                  Cambs, PE19 3TP
                          Telephone: 01480 474344
                            Facsimile 01480 471660
                                Reg No.  02318315

                                                                           ----------------------------------------------
                                                                                    VAT Regd. No. 68 608 7004 55

----------------------------------------------------                       ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY                                                       Invoice No:            0000002254
11025 NORTH TORRWY PINES ROAD
SUITE 100                                                                               Date:            24 Nov 95
LA JOLLA
CA 92037,  U.S.A.            IRORI                                                  Due date:

                                                                                    Order No:            1133

                                                                              Current Balance                  -28785.60
-------------------------------------------------------------------------------------------------------------------------
Qty               Description                                                    Price each                  Total
-------------------------------------------------------------------------------------------------------------------------
 1                Basic PBA Flexys                                               29054.91                  29054.91
 1                Syringe Pump                                                    5747.13                   5747.13
 1                Pipette Head                                                    4916.99                   4916.99
 1                (Despatch Note 549 & Airway Bill No A1547002
                  One Pic Parallel Card to follow
                  Currency Rate of Exchange(pound)1.566 to $
                  Terms and Conditions 70% Paid 30% on Acceptance

                                         =39,719.03
                                              1.566
                                          ---------
                                     US$ = 62,200 lease line
-------------------------------------------------------------------------------------------------------------------------
Deliver To:
----------------------------------------------------                       ----------------------------------------------
                                                                                     GOODS TOTAL                 39719.03

                                                                                       VAT TOTAL                     0.00

                                                                                   INVOICE TOTAL                 39719.03
----------------------------------------------------                      -----------------------------------------------

</TABLE>

<PAGE>   57

<TABLE>
<S>                                                                       <C>                          <C>

                                                                           ----------------------------------------------
                                              PBA
                              Unit 3, Forge Close,                                         ----INVOICE----
                                  Little End Road,
                          Eaten Socon., St. Neets,
                                  Cambs, PE19 3TP
                          Telephone: 01480 474344
                            Facsimile 01480 471660
                                Reg No.  02318315

                                                                           ----------------------------------------------
                                                                                    VAT Regd. No. 68 608 7004 55

----------------------------------------------------                       ----------------------------------------------
IRORI QUANTUM MICROCHEMISTRY                                                       Invoice No:            0000002255
11025 NORTH TORRWY PINES ROAD
SUITE 100                                                                               Date:            24 Nov 95
LA JOLLA
CA 92037,  U.S.A.            IRORI                                                  Due date:

                                                                                    Order No:            1133
                                                                           -----------------------      -----------------

                                                                              Current Balance                    10933.43
-------------------------------------------------------------------------------------------------------------------------
Qty               Description                                                    Price each                  Total
-------------------------------------------------------------------------------------------------------------------------
 1                Packing, Freight and Insurance Charges                         1243.57                          1243.57
                  (Despatch Note S49 &
                  Airway Bill No A1547002)
                  Currency Rate of Exchange (pound)1.566 to $
                  Terms and Conditions $1,000 paid Balance
                  on Acceptance.

                                     =    1243.57
                                            1.566
                                        ---------
                               US $  =   1,947.43
-------------------------------------------------------------------------------------------------------------------------
Deliver To:
----------------------------------------------------                       ----------------------------------------------
                                                                                     GOODS TOTAL                  1243.57

                                                                                       VAT TOTAL                     0.00

                                                                                   INVOICE TOTAL                  1243.57
----------------------------------------------------                       ----------------------------------------------
</TABLE>

<PAGE>   58

<TABLE>
<S><C>

    BANK OF AMERICA
==========================================================================================================================
P.O.  Box 3530
Rancho Cordova, CA 95741-3530                                                YOUR BANK OF AMERICA
                                                          0050               BUSINESS MONEY MARKET
                                                          EO-2               ACCOUNT STATEMENT

                                                                             Statement Period:
                                                                             October 24 through November 21, 1995

[BAR CODE ADDRESS]
IRORI                                                                        Account Number: 00501-03718
11025 N.  TORREY PINES RD
STE 100                                                                      At Your Service
LA JOLLA  CA  92037-1030                                                     Call: 619-452-8400, 24 hours,
                                                                             7 days a week

                                                                             Written Inquiries
                                                                             Bank of America
                                                                             San Diego Main Office
                                                                             P.O.  Box 60049
                                                                             Los Angeles, CA 90060-0049

                                                                             Customer since 1995
                                                                             Bank of America appreciates your
                                                                             business and we enjoy serving you.

==========================================================================================================================
[ ] SUMMARY OF YOUR BUSINESS MONEY MARKET ACCOUNT
----------------------------------------------------     -----------------------------------------------------------------
Beginning Balance on 10/24/95            $713,972.98     Annual Percentage Yield earned this period                   3.89%
----------------------------------------------------     -----------------------------------------------------------------
Total Checks and Other Withdrawals      - 425,120.00     Interest paid year-to-date                              $2,292.22
----------------------------------------------------     -----------------------------------------------------------------
Interest Paid                             + 1,323.04     Number of 24 Hour Customer Service Calls
====================================================     Self-Service                                                    0
Ending Balance                           $290,176.02     Assisted                                                        0
==========================================================================================================================
[ ] ACCOUNT ACTIVITY
Date Posted     Description                                                     Reference Number                    Amount
                Other Withdrawals
10/24           Debit Adjustment                                                                               $200,000.00
11/03           Telephone/Telegraphic Transfers                                                                  50,000.00
11/14           Debit Adjustment                                                                                     30.00
11/14           Intl Money Trans MTA 9531809209a Sndr Ref: BA Ref005797 Mw Bnf:
                      Pinkley Byatt Ltd., T/Z Pba Inf: Fc 50                                                     45,090.00
11/14                 Telephone/Telegraphic Transfers                                                           100,000.00
11/17                 Debit Adjustment                                                                           30,000.00
                      Total Other Withdrawals                                                                  $425,120.00
                      Interest Paid
11/21                 Interest Paid From 10/24/95 Through 11/21/95                                               $1,323.04

==========================================================================================================================
[ ] Daily Balance

 Date                     Amount              Date                     Amount              Date                     Amount
 10/24              $ 513,972.98              11/14                318,852.98              11/21                290,176.02
 11/03                463,972.98              11/17                288,852.98

</TABLE>

Continued on next page                                               Page 1 of 2

<PAGE>   59

                         Lease Management Services, Inc.
                         2500 Sand Hill Road, Suite 101,
                         Menlo Park, CA 94025
                         Telephone (415) 854-9450 o Fax (415) 854-9457

January 12, 1996

Brenda Magill
Irori Incorporated
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

Dear Brenda:

Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 04. The Commencement date of this schedule is January 1, 1996.
Funding of this Schedule is contingent upon receipt of the executed Landlord
Waiver. I trust from your voice mail message that the Landlord Waiver should be
settled within the next week.

I am also enclosing the original bank deposit receipt in the amount of
$34,483.06 for your records.

Should you have any questions, please call.

Sincerely,

/s/ Wendy Ritz

Wendy Ritz
Sr. Contract Administrator

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   60

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 05 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1.  EQUIPMENT DESCRIPTION:   See Attached Exhibit "A"

2.  PROCEEDS AMOUNT:         $27,156.20

3.  INSTALLMENT PAYMENTS:    Except as otherwise provided in the Agreement or in
                             this Schedule, the undersigned Debtor promises to
                             repay the Advance Amount, with interest as follows:

$742.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on March 1, 1996, followed by $4,073.00 on
September 1, 1999.

4.  EQUIPMENT LOCATION:      11025 North Torrey Pines Road, # 100
                             La Jolla, CA 92037

5.  OTHER PROVISIONS:        N/A

Dated:  3/13/96
       -----------------

DEBTOR:                                   SECURED PARTY:
IRORI INCORPORATED                        LEASE MANAGEMENT SERVICES, INC.

By: /s/ Michael P. Nova                   By: /s/ Barbara B. Kaiser
    ---------------------                     ------------------------
     Michael P.  Nova                          Barbara B.  Kaiser

Title: President                          Title: EVP/General Manager
    ---------------------                        ---------------------

<PAGE>   61

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 05 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

             COLLATERAL AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE
              EXHIBIT A-1 ATTACHED HERETO AND MADE A PART HEREOF.

                           TOTAL PURCHASE PRICE               $27,156.20
                                                              -----------
Debtor:      /s/ MPN     (Initials)
            -------------
Secured Party:    /s/ BBK     (Initials)
               -------------

<PAGE>   62

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-05

<TABLE>
<CAPTION>
 LMSI
 TAG #         VENDOR                        INVOICE #    QTY       DESCRIPTION                   SERIAL NUMBER        AMOUNT
------------------------------------------------------------------------------------------------------------------------------------
<S>      <S>                                <C>           <C>  <C>                                <C>                <C>
22349    APS Water Services Corporation           95800    1   NANOPure Bioresearch Grade
                                                                Wall Mount Polisher                851950920142       2,995.00
------------------------------------------------------------------------------------------------------------------------------------
22348    APS Water Services Corporation           95800    4   Cartridge Kit for Nanopure               N/A           1,400.00
------------------------------------------------------------------------------------------------------------------------------------
22319    Fisher Scientific                      9536323    1   55 Gallon Drum Cabinet                   N/A             644.40
------------------------------------------------------------------------------------------------------------------------------------
22347    J. & H, Berge, Inc.                     944605    1   Auto Desiccator Cabinet                  N/A             640.50
------------------------------------------------------------------------------------------------------------------------------------
22343    National Business Furniture, Inc.  L67684-7CTE    1   Ergo Nut Station w/Mouseboard            N/A             194.00
------------------------------------------------------------------------------------------------------------------------------------
22346    Parsons Airgas                          743705    1   Auto Fill Optio/Racks                  414056B1        5,517.50
------------------------------------------------------------------------------------------------------------------------------------
22338    San Diego Office Interiors 121130   0950668-IN    1   36" Two Drawer Lateral File              N/A             307.00
------------------------------------------------------------------------------------------------------------------------------------
22320    San Diego Office Interiors    "     0950668-IN    1   Quantum Series Doable Pedestal Desk      N/A             306.00
------------------------------------------------------------------------------------------------------------------------------------
22344    San Diego Office Interiors 950921   0950668-IN    1   42" Three Drawer Lateral File            N/A             475.00
------------------------------------------------------------------------------------------------------------------------------------
22326    San Diego Office Interiors 103113   0950521-IN    1   Racetrack Conference Table               N/A          1,0811.00
------------------------------------------------------------------------------------------------------------------------------------
22337    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22333    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22332    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22331    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22330    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22329    San-Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22328    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22327    San Diego Office Interiors    "     0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22325    San Diego Office Interiors 102315   0950521-IN    1   Lounge Chair                             N/A             765.00
------------------------------------------------------------------------------------------------------------------------------------
22324    San Diego Office Interiors    "     0950521-IN    1   Lounge Chair                             N/A             765.00
------------------------------------------------------------------------------------------------------------------------------------
22323    San Diego Office Interiors 743705   0950521-IN    1   Cube Table for Lounge                    N/A             174.00
------------------------------------------------------------------------------------------------------------------------------------
22342    San Diego Office Interiors          0950521-IN    1   Guest Chair                              N/A             203.00
------------------------------------------------------------------------------------------------------------------------------------
22341    San Diego Office Interiors          0950521-IN    1   Guest Chair                              N/A             203.00
------------------------------------------------------------------------------------------------------------------------------------
22340    San Diego Office interiors 112029   0950521-IN    1   Guest Chair                              N/A             203.00
------------------------------------------------------------------------------------------------------------------------------------
22339    San Diego Office Interiors    "     0950521-IN    1   Guest Chair                              N/A             203.00
------------------------------------------------------------------------------------------------------------------------------------
22336    San Diego Office Interiors          0950521-IN    1   36X60 Conference Table                   N/A             384.00
------------------------------------------------------------------------------------------------------------------------------------
22322    San Diego Office Interiors          0950521-IN    1   Single Pedestal Desk                     N/A             460.00
------------------------------------------------------------------------------------------------------------------------------------
22345    San Diego Office Interiors          0950521-IN    1   36X60 Bookcase                           N/A             110.00
------------------------------------------------------------------------------------------------------------------------------------
22321    San Diego Office Interiors          0950521-IN    1   30X66 Double Pedestal Desk               N/A             288.00
------------------------------------------------------------------------------------------------------------------------------------
22358    San Diego Office Interiors          0950521-IN    1   Protocol Hutch 14X64                     N/A             230.00
------------------------------------------------------------------------------------------------------------------------------------
22361    San Diego Office Interiors          0950521-IN    1   30X70 Single Pedestal Desk               N/A             390.00
------------------------------------------------------------------------------------------------------------------------------------
22360    San Diego Office Interiors          0954521-IN    1   36X72 Double Pedestal Desk               N/A             306.00
------------------------------------------------------------------------------------------------------------------------------------
22357    San Diego Office Interiors          0950521-IN    1   36X72 Double Pedestal Desk               N/A             306.00
------------------------------------------------------------------------------------------------------------------------------------
22355    San Diego Office Interiors          0950321-IN    1   36X72 Double Pedestal Desk               N/A             306.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Debtor: /s/ MPN   (Initials)     Secured Party: /s/ BBK   (Initials)
        --------                                ---------

                                     1 of 1
<PAGE>   63

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-05

<TABLE>
<CAPTION>
 LMSI
 TAG #         VENDOR                        INVOICE #    QTY       DESCRIPTION                   SERIAL NUMBER        AMOUNT
<S>      <S>                                <C>           <C>  <C>                                <C>                <C>
------------------------------------------------------------------------------------------------------------------------------------
22353    San Diego Office Interiors          0950521-IN    1   36X72 Double Pedestal Desk               N/A             306.00
------------------------------------------------------------------------------------------------------------------------------------
22356    San Diego Office Interiors          0950521-IN    1   Protocol Hutch 14X72                     N/A             246.00
------------------------------------------------------------------------------------------------------------------------------------
22354    San Diego Office Interiors          0950521-IN    1   Protocol Hutch 14X72                     N/A             246.00
------------------------------------------------------------------------------------------------------------------------------------
22352    San Diego Office Interiors          0950521-IN    l   Protocol Hutch 14X72                     N/A             246.00
------------------------------------------------------------------------------------------------------------------------------------
22350    San Diego Office Interiors          0950521-IN    1   Protocol Hutch 14X72                     N/A             246.00
------------------------------------------------------------------------------------------------------------------------------------
22335    San Diego Office Interiors          0950521-IN    1   Bookcase 36X36                           N/A             104.00
------------------------------------------------------------------------------------------------------------------------------------
22359    San Diego Office Interiors          0950521-IN    1   30X72 Double Pedestal Desk               N/A             300.00
------------------------------------------------------------------------------------------------------------------------------------
22351    San Diego Office Interiors          0950521-IN    1   30X72 Double Pedestal Desk               N/A             300.00
------------------------------------------------------------------------------------------------------------------------------------
22334    San Diego Office Interiors          0950521-IN    1   Management Chair w/Arms                  N/A             328.00
------------------------------------------------------------------------------------------------------------------------------------
22318    VWR Scientific                        42556300    1   Hot Plate Stir PC420                   6072722           230.00
------------------------------------------------------------------------------------------------------------------------------------
22317    VWR Scientific                        41697320    1   Oven, Gravity, 45seg                  9512-3101        1,005.30
------------------------------------------------------------------------------------------------------------------------------------
22316    VWR Scientific                        41697320    1   Pump 115/230V                        1603007402          828.00
------------------------------------------------------------------------------------------------------------------------------------
22315    VWR Scientific                        41301730    1   Pump 115V 60HZ                       4401007413        1,291.50
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                       TOTAL        $27,156.20
</TABLE>

Debtor: /s/ MPN   (Initials)     Secured Party: /s/ BBK   (Initials)
        --------                                ---------

                                     2 of 2

<PAGE>   64

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 05 to the Equipment
Financing Agreement Number 10787, totaling $27,156.20 against equipment
purchases, as follows:

                $27,156.20    Proceeds from Equipment Financing Agreement Number
                              10787-05.
LESS:
                   $742.00    Due to LEASE MANAGEMENT SERVICES, INC., to
                              pay first installment payment due March 1, 1996.

                 $6,789.00    Due to LEASE MANAGEMENT SERVICES, INC., to
                              pay Security Deposit.
PLUS:
                   $119.00    Credit for Commitment fee refund.

                $19,744.20    Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By: /s/ Michael P. Nova
    ----------------------
     Michael P.  Nova

Title: President
       -------------------

Date:  3/13/96
       -------------------

<PAGE>   65

                         LEASE MANAGEMENT SERVICES, INC.

                                                                    CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA  94025

Irori Incorporated
11025 North Torrey Pines Road, #100
La Jolla, CA 92037
                                                   CREDIT MEMO #       10787-05
                                                           DATE        05-Mar-96

<TABLE>
<CAPTION>
QUANTITY                                     DESCRIPTION                                 PRICE                 AMOUNT
-----------------    ------------------------------------------------------------    --------------    ----------------------
<S>                  <C>                                                             <C>               <C>
                      RE:  EQUIPMENT FINANCING AGREEMENT NO.            10787-05
                     -----------------------------------------------------------

                      First Month's Rent:                                $742.00
                      Security Deposit:                                $6,789.00

                      Non-Financeable Items:
                       Freight/Install/Labor                           $1,496.41
                       Sales Tax                                       $1,926.71
                       Softcost/Disposables                            $1,008.56

                      PLUS
                       Vendor Prepayments                            $(31,587.88)
                       Prorata Commitment Fee                        $(   119.00)
                                                                     -----------
                      TOTAL                                          $(19,744.20)

                                                                                                       -----------------------

If you have any questions concerning this credit,             CHECK PAYABLE TO:                            $(19,744.20)
call:  (415) 854-9450.                                        Irori Incorporated
                                                                                                       -----------------------
</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   66

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 05 to Equipment Financing
Agreement Number 10787.

TO:            LEASE MANAGEMENT SERVICES, INC.
               2500 Sand Hill Road, Suite 101
               Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement, We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Patty.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
               PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED

By:    /s/ Michael P. Nova
    ------------------------------
       Michael P.  Nova
Title: President
       ---------------------------
Date:  3/13/96
       ---------------------------

<PAGE>   67

                       Lease Management Services, Inc.
                       2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025
                       Telephone (415) 854-9450 o Fax (415) 854-9457

March 6, 1996

Brenda Magill
Irori Incorporated
11025 North Torrey Pines Road, Suite 100
La Jolla, CA 92037

Dear Brenda:

Enclosed are the documents for Equipment Financing Agreement Number 10787
Schedule Number 05. The Commencement date of this schedule is March 1, 1996,

Equipment identification labels (asset tags) axe also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                          LABELING OF EQUIPMENT
                                    Equipment Financing Agreement
/s/ Wendy Ritz                      Number: 10787-05
                                    Label Number: 31606-31655
Wendy Ritz                          IRORI INCORPORATED
Sr.  Contract Administrator
                                    By:         /s/ Michael P. Nova
                                         ---------------------------------------
                                            Michael P.  Nova
                                    Title:  President
                                            ------------------------------------
                                    Date:   3/13/96
                                            ------------------------------------

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   68

LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 06 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1.      EQUIPMENT DESCRIPTION:          See Attached Exhibit "A"

2.      PROCEEDS AMOUNT:                $84,264.82

3.      INSTALLMENT PAYMENTS:           Except as otherwise provided in the
                                        Agreement or in this Schedule, the
                                        undersigned Debtor promises to repay the
                                        Advance Amount, with interest as
                                        follows:

$2,327.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning an August 1, 1996, followed by $12,640.00 on
February 1, 2000.

4.      EQUIPMENT LOCATION:             11025 North Torrey Pines Road, #100
                                        La Jolla, CA 92037

5.      OTHER PROVISIONS:               N/A

Dated: 8/21/96
       ---------------------------------

DEBTOR:                                 SECURED PARTY
IRORI                                   LEASE MANAGEMENT SERVICES, INC.

By:    /s/ Michael P. Nova              By: /s/ Barbara B. Kaiser
       -------------------------------      ------------------------------------
       Michael P. Nova                      Barbara B.  Kaiser

Title: President                        Title: EVP/General Manager
       -------------------------------         ---------------------------------

<PAGE>   69

LEASE MANAGEMENT SERVICES, INC.

                              PAY PROCEEDS LETTER

TO:     LEASE MANAGEMENT SERVICES, INC.
        2500 Sand Hill Road, Suite 101
        Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 06 to the Equipment
Financing Agreement Number 10787, totaling $84,264.82 against equipment
purchases, as follows:

              $84,264.82      Proceeds from Equipment Financing Agreement Number
                              10787-06.

LESS:

               $2,327.00      Due to LEASE MANAGEMENT SERVICES, INC., to  pay
                              first installment payment due August 1, 1996.

              $21,066.00      Due to LEASE MANAGEMENT SERVICES, INC, to pay
                              Security Deposit.

PLUS:

                 $371.00      Credit for Commitment fee refund.

              $61,242.82      Credit due to IRORI.

DEBTOR:
IRORI INCORPORATED

By:            /s/ Michael P. Nova
        --------------------------------------

Title:  President
        --------------------------------------

Date:   8/21/96
        --------------------------------------

<PAGE>   70

LEASE MANAGEMENT SERVICES, INC.

                                                                       EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 06 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., a Secured Parry,
and IRORI, as Debtor. The Loan Schedule referenced above is incorporated herein
by this reference. All Terms used herein shall have the same meaning as set
forth in the Equipment Financing Agreement. Debtor is hereby directed to contact
the Supplier of the Equipment for a description of any right Debtor may have
under the Supply Contract covering the Equipment.

           AS MORE FULLY DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1
                    ATTACHED HERETO AND MADE A PART HEREOF.

                         TOTAL PURCHASE PRICE     $84,264.80

Debtor: /s/ MPN   (Initials)
        --------

Secured Party: /s/ BBK   (Initials)
               --------

<PAGE>   71

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-06

<TABLE>
<CAPTION>
LMSI
TAG #           VENDOR                        INVOICE #      QTY             DESCRIPTION               SERIAL NUMBER     AMOUNT
<S>      <C>                               <C>            <C>        <C>                               <C>              <C>
-----------------------------------------------------------------------------------------------------------------------------------
33775    Logic Network Solutions                  21217       1      Intel Pentium 90 MHz                   204889      1,895.00
-----------------------------------------------------------------------------------------------------------------------------------
35776    Logic Network Solutions                  21909       1      SVGA 17" Monitor                    AHO-52700049     750.00
-----------------------------------------------------------------------------------------------------------------------------------
35767    Micron Electronics, Inc.                419348       1      Powerstation 100 (256K Syncburst
                                                                     Computer)                             INTERNAL     2,699.00
-----------------------------------------------------------------------------------------------------------------------------------
35763    Micron Electronics, Inc.                419348       1      Powerstation 100 (256K Syncburst
                                                                     Computer)                             INTERNAL     2,699.00
-----------------------------------------------------------------------------------------------------------------------------------
35762    Logic Network Solutions                  31146       1      CTX 17" Monitor                     OL4-60200092     750.00
-----------------------------------------------------------------------------------------------------------------------------------
35766    Logic Network Solutions                  31146       1      CTX 17" Monitor                     AHO-52601204     750.00
-----------------------------------------------------------------------------------------------------------------------------------
35752    USA Flex, Inc.                        17068271       1      Versa Docking Station 4000                           789.00
-----------------------------------------------------------------------------------------------------------------------------------
35768    USA Flex, Inc.                        17029760       1      Versa 4080H PC w/CD-ROM 8MB Memory    S63020299    5,327.00
-----------------------------------------------------------------------------------------------------------------------------------
35753    USA Flex, Inc.                        17029760       1      Versa 4080H PC w/CD-ROM 16MB
                                                                     Docking Station                       S63021580    5,327.00
-----------------------------------------------------------------------------------------------------------------------------------
35761    Technology Integration Group            314532       1      Energy 17" Monitor                  OL4-54500644     665.00
-----------------------------------------------------------------------------------------------------------------------------------
35745    Technology Integration Group            314532       1      US Robotics Courier 28.8 Modem       1000026127      359.00
-----------------------------------------------------------------------------------------------------------------------------------
35749    Tri-Star Memory Inc.                     13616       1      Intel Pentium 100 MHz PC              INTERNAL     1,698.00
-----------------------------------------------------------------------------------------------------------------------------------
35774    Technology Integration Group            323468       1      Energy 17" Monitor                   CR20819856      665.00
-----------------------------------------------------------------------------------------------------------------------------------
35777    Technology Integration Group            322343       1      1024 LE 15" Monitor                  KR55021303      485.00
-----------------------------------------------------------------------------------------------------------------------------------
35751    Technology Integration Group            322343       1      1024 LE 15" Monitor                  KR54919978      485.00
-----------------------------------------------------------------------------------------------------------------------------------
35750    Technology Integration Group            322343       1      Vectra VL4 1.2gb w/CD-Rom            US62450484    2,279.00
-----------------------------------------------------------------------------------------------------------------------------------
35778    Technology Integration Group            322343       1      Vectra VL4 1.2gb w/CD-Rom            US62450482    2,279.00
-----------------------------------------------------------------------------------------------------------------------------------
35764    Panelight Display Systems, Inc.           6694       1      nView Z210 LCD Panel                   164939      2,995.00
-----------------------------------------------------------------------------------------------------------------------------------
35748    Tech Data Corporation                1-4395930       1      Versa 4000 Docking Station            65017325       755.00
-----------------------------------------------------------------------------------------------------------------------------------
35744    Tech Data Corporation                1-4512698       1      32MB Versa Memory Upgrade                N/A         724.00
-----------------------------------------------------------------------------------------------------------------------------------
35769    PC-Club-SD                             6611802       1      15" Digiview Monitor                 2FUE6600675     320.00
-----------------------------------------------------------------------------------------------------------------------------------
35770    PC-Club-SD                            66113571       1      Toshiba 8X CD-ROM                        N/A         129.00
-----------------------------------------------------------------------------------------------------------------------------------
35756    Fisher Scientific                      0803854       1      Centrifuge Com 2                        3500         460.92
-----------------------------------------------------------------------------------------------------------------------------------
35758    VWR Scientific Products               42556461       1      Dataplate HotPlate/Stirrer               N/A         455.47
-----------------------------------------------------------------------------------------------------------------------------------
35759    VWR Scientific Products               42556291       1      Dataplate HotPlate/Stirrer               N/A         455.47
-----------------------------------------------------------------------------------------------------------------------------------
35757    VWR Scientific Products               43704730       1      Cold Tray Condenser                      N/A         895.00
-----------------------------------------------------------------------------------------------------------------------------------
35703    Gensia, Inc.                             41196       1      Table Top Autoclave                    870034        500.00
-----------------------------------------------------------------------------------------------------------------------------------
35754    Fisher Scientific                      1586200       1      Vacuum Pump Gerotor                     2823         739.00
-----------------------------------------------------------------------------------------------------------------------------------
35755    Fisher Scientific                      1586200       1      Vacuum Pump Gerotor                     2887         739.00
-----------------------------------------------------------------------------------------------------------------------------------
35700    PerSpective Biosystems                  107915       1      Cytofluor Series 4000                FXGHMT428P   25,750.00
-----------------------------------------------------------------------------------------------------------------------------------
35760    Persnickety Mfg.  Inc.                  960305       1      L Desk 66X72                             N/A         450.00
-----------------------------------------------------------------------------------------------------------------------------------
35730    Persnickety Mfg.  Inc.                  960305       1      Double Pedestal Desk                     N/A         395.00
-----------------------------------------------------------------------------------------------------------------------------------
35738    Persnickety Mfg.  Inc.                  960305       1      Double Pedestal Desk                     N/A         395.00
-----------------------------------------------------------------------------------------------------------------------------------
35736    Persnickety Mfg.  Inc.                  960305       1      Desktop Protocol                         N/A         220.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Debtor: /s/ MPN   (Initials)     Secured Party: /s/ BBK   (Initials)
        --------                                ---------

                                     1 of 1
<PAGE>   72

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-06

<TABLE>
<CAPTION>
LMSI
TAG #           VENDOR                        INVOICE #      QTY             DESCRIPTION               SERIAL NUMBER     AMOUNT
<S>      <C>                               <C>            <C>        <C>                               <C>              <C>
-----------------------------------------------------------------------------------------------------------------------------------
35737    Persnickety Mfg.  Inc.                  960305       1      Desktop Protocol                         N/A         220.00
-----------------------------------------------------------------------------------------------------------------------------------
35765    Persnickety Mfg.  Inc.                  960306       1      # Executive U Desk                       N/A       1,070.00
-----------------------------------------------------------------------------------------------------------------------------------
35733    Corporate Express                     11264265       1      36" 3 Drawer Lateral File                N/A         368.00
-----------------------------------------------------------------------------------------------------------------------------------
35706    Corporate Express                     11264525       1      36" 3 Drawer Lateral File                N/A         368.00
-----------------------------------------------------------------------------------------------------------------------------------
35705    Corporate Express                     11264375       1      36" 2 Drawer Lateral File                N/A         280.00
-----------------------------------------------------------------------------------------------------------------------------------
35704    Corporate Express                     11264375       1      36" 4 Drawer Lateral File                N/A         399.00
-----------------------------------------------------------------------------------------------------------------------------------
35734    Corporate Express                     11264375       1      36" 4 Drawer Lateral File                N/A         399.00
-----------------------------------------------------------------------------------------------------------------------------------
35735    Corporate Express                     11264375       1      36" 4 Drawer Lateral File                N/A         399.00
-----------------------------------------------------------------------------------------------------------------------------------
35742    USA Flex, Inc.                        17045162       1      Versa 4000 Lithium Ion Battery Pack      N/A         177.62
-----------------------------------------------------------------------------------------------------------------------------------
35743    USA Flex, Inc.                        17045162       1      Versa 4000 Lithium Ion Battery Pack      N/A         177.62
-----------------------------------------------------------------------------------------------------------------------------------
35771    USA Flex, Inc.                        17045162       1      Credit Card Enet Modem 28.8              N/A         451.24
-----------------------------------------------------------------------------------------------------------------------------------
35772    USA Flex, Inc.                        17045162       1      Credit Card Enet Modem 28.8              N/A         451.24
-----------------------------------------------------------------------------------------------------------------------------------
35773    USA Flex, Inc.                        17045162       1      Credit Card Enet Modem 28.8              N/A         451.24
-----------------------------------------------------------------------------------------------------------------------------------
35707    Persnickety Mfg.  Inc.                  960318       1      Conference Table 36x84                   N/A         675.00
-----------------------------------------------------------------------------------------------------------------------------------
35712    Persnickety Mfg.  Inc.                  960318       1      Coffee Credenza                          N/A         595.00
-----------------------------------------------------------------------------------------------------------------------------------
35719    Persnickety Mfg.  Inc.                  960318       1      Executive U Desk                         N/A         950.00
-----------------------------------------------------------------------------------------------------------------------------------
35720    Persnickety Mfg.  Inc.                  960318       1      2 Drawer Lateral File                    N/A         330.00
-----------------------------------------------------------------------------------------------------------------------------------
35728    Persnickety Mfg.  Inc.                  960318       1      Executive U Desk                         N/A         925.00
-----------------------------------------------------------------------------------------------------------------------------------
35729    Persnickety Mfg.  Inc.                  960318       1      2 Drawer Lateral File                    N/A         330.00
-----------------------------------------------------------------------------------------------------------------------------------
35731    Persnickety Mfg.  Inc.                  960318       1      Corner Desk Unit                         N/A         675.00
-----------------------------------------------------------------------------------------------------------------------------------
35732    Persnickety Mfg.  Inc.                  960318       1      Desktop Protocol                         N/A         220.00
-----------------------------------------------------------------------------------------------------------------------------------
35739    Persnickety Mfg.  Inc.                  960402       1      Executive U Desk                         N/A         900.00
-----------------------------------------------------------------------------------------------------------------------------------
35741    Persnickety Mfg.  Inc.                  960402       1      2 Drawer Lateral File                    N/A         320.00
-----------------------------------------------------------------------------------------------------------------------------------
35718    Persnickety Mfg.  Inc.                  960508       1      Manager Chair Model MA1534RL             N/A         274.50
-----------------------------------------------------------------------------------------------------------------------------------
35723    Persnickety Mfg.  Inc.                  960508       1      Manager Chair Model MA1534RL             N/A         274.50
-----------------------------------------------------------------------------------------------------------------------------------
35724    Persnickety Mfg.  Inc.                  960508       1      Manager Chair Model MA1534RL             N/A         274.50
-----------------------------------------------------------------------------------------------------------------------------------
35725    Persnickety Mfg.  Inc.                  960508       1      Manager Chair Model MA1534RL             N/A         274.50
-----------------------------------------------------------------------------------------------------------------------------------
35713    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35714    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35721    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35722    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35726    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35727    Persnickety Mfg.  Inc.                  960508       1      Guest Chair Model MA4554CL               N/A         244.00
-----------------------------------------------------------------------------------------------------------------------------------
35708    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Debtor: /s/ MPN   (Initials)     Secured Party: /s/ BBK   (Initials)
        --------                                ---------

                                     2 of 2
<PAGE>   73

<TABLE>
<CAPTION>
LMSI
TAG #           VENDOR                        INVOICE #      QTY             DESCRIPTION               SERIAL NUMBER     AMOUNT
<S>      <C>                               <C>            <C>        <C>                               <C>              <C>
-----------------------------------------------------------------------------------------------------------------------------------
35709    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35710    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35711    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35715    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35716    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35717    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35740    Persnickety Mfg.  Inc.                  960515       1      Conference Room Chair Model HZ785        N/A          98.50
-----------------------------------------------------------------------------------------------------------------------------------
35701    Universal Communication
         Solution                                  5207       1      Vodave Enhanced Speakerphone          SBC612340      270.00
-----------------------------------------------------------------------------------------------------------------------------------
35702    Universal Communication
         Solution                                  5207       1      Vodave Enhanced Speakerphone         NOT POSTED      270.00
-----------------------------------------------------------------------------------------------------------------------------------
35746    Syex Express                          S1124884       1      Micronet 2gb Fast SCSI                   N/A       1,069.00
-----------------------------------------------------------------------------------------------------------------------------------
35747    Syex Express                          S1124884       1      Micronet 4X CD Recorder                  N/A       1,665.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Debtor: /s/ MPN   (Initials)     Secured Party: /s/ BBK   (Initials)
        --------                                ---------

                                     3 of 3

<PAGE>   74

                         LEASE MANAGEMENT SERVICES, INC.

                                                                     CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA  94025

--------------------------------------
Irori Incorporated                                    CREDIT MEMO #  10787-06
11025 North Torrey Pines Road, #100                            DATE  12-Aug-96
La Jolla, CA 92037
--------------------------------------

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------
<S>         <C>                                                                 <C>             <C>
QUANTITY               DESCRIPTION                                              PRICE       AMOUNT
-------------------------------------------------------------------------------
            RE:  EQUIPMENT FINANCING AGREEMENT NO.      10787-06
            -------------------------------------------------------------------

            First Month's Rent:             $  2,327.00
            Security Deposit:               $ 21,066.00

            Non-Financable Items:
                Freight/Install/Labor       $  1,348.54
                Sales Tax                   $  4,875.46
                Softcost/Disposables        $  6,213.12

            PLUS:
                Vendor Prepayments          $(96,701.94)
                Prorata Commitment Fee      $   (371.00)
                                            -----------
                TOTAL                       $(61,242.82)

-----------------------------------------------------------------------------------------------------

If you have any questions concerning      CHECK PAYABLE TO:                               ($61,242.82)
this credit, call:  (415) 854-9450.       Irori Incorporated
</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   75

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 06 to Equipment Financing
Agreement Number 10787.

TO:     LEASE MANAGEMENT SERVICES, INC.
        2500 Sand Hill Road, Suite 101
        Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

                       DO NOT SIGN OR DATE THIS FORM UNTIL
 THE EQUIPMENT IS RECEIVED, PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED
By:              /s/ Michael P. Nova
        ------------------------------------
Title:  President
        ------------------------------------
Date:   8/21/96
        ------------------------------------

<PAGE>   76

                  Lease Management Services, Inc.
                  2500 Sand Hill Road, Suite 101, Menlo Park, CA 94025
                  Telephone (415) 854-9450 o Fax (415) 854-9457

August 13, 1996

Susan Sisk
IRORI INCORPORATED
11025 North Torrey Pines Rd.  #100
La Jolla, CA 92037

Dear Ms.  Sisk:

Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 06. The Commencement date of this schedule is August 1, 1996.
Please see that the documents are executed and returned.

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                          LABELING OF EQUIPMENT
                                    Equipment Financing Agreement
/s/ K.C.                            Number: 10787-06
                                    Label Number: 35706 to 35785
Kathy (Kasey) Christie              IRORI
Sr.  Contract Administrator
                                    By:    /s/ Michael P. Nova
                                           ------------------------------------
                                    Title: President
                                           ------------------------------------
                                    Date:  8/21/96
                                           ------------------------------------

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   77

<TABLE>
<CAPTION>
10787-06                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
              9534560778                        12/08/95                                                          Sacramento
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, #100                                    LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                 3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025                 94-2221046
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
     CITY                                               STATE                ZIP CODE                         A.B.A.  NO.
-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 B      [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 C      [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

 D      [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

 E      [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

 F      [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 06 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)                  19                    E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM -- FILING FEE      UNIFORM COMMERCIAL CODE -- FORM UCC.2

                                                                              8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   78

<TABLE>
<CAPTION>
10787-06                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
              9534560778                        12/08/95                                                          Sacramento
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 N. TORREY PINES ROAD, SUITE 100                                  LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                 3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025                 94-2221046
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
     CITY                                               STATE                ZIP CODE                         A.B.A.  NO.
-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 B      [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 C      [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

 D      [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

 E      [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

 F      [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 06 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE THREE (3) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)      8/21        1996                  E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                           PRESIDENT
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:        /s/ BARBARA B. KAISER
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM -- FILING FEE      UNIFORM COMMERCIAL CODE -- FORM UCC.2

                                                                              8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   79
NEW BUSINESS SUMMARY
Irori Incorporated
10787-06

-------------------------------------------------------------------------------
         * * * * * * * * * * ACCOUNTING INFORMATION * * * * * * * * * *
<TABLE>
<CAPTION>

                                                                               EQ         EQ              SALES       SALES TAX
        VENDOR                                INVOICE         DATE            CLASS      COST            TAX RATE     TO VENDOR
------------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>     <C>            <C>               <C>      <C>               <C>          <C>
Logic Network Solutions              (1)         21217      02/12/96           CMP      3,373.00           7.00%        264.11
Logic Network Solutions              (1)         21909      02/19/96           CMP      1,009.00           7.00%         70.63
Micron Electronics, Inc.             (1)        419348      03/04/96           CMP      5,398.00           0.00%          0.00
Logic Network Solutions              (1)         31146      03/11/96           CMP      1,800.00           7.00%        126.00
USA Flex, Inc.                       (1)      17068271      04/25/96           CMP        789.00           0.00%          0.00
USA Flex, Inc.                       (1)      17029760      04/23/96           CMP     10,884.00           0.00%          0.00
Technology Integration Group         (1)        314532      04/10/96           CMP      1,484.00           7.75%        115.01
Tri-Star Memory Inc.                 (1)         13616      06/10/96           CMP      1,698.00           7.75%        131.60
Technology Integration Group         (1)        323468      06/29/96           CMP        665.00           7.75%         51.54
Technology Integration Group         (1)        322343      06/18/96           CMP      8,667.00           7.75%        671.69
Panelight Display Systems, Inc.      (1)          6694      06/13/96           CMP      2,995.00           7.75%        232.12
Tech Data Corporation                (1)     1-4395930      07/09/06           CMP        755.00           0.00%          0.00
Tech Data Corporation                (1)     1-4512698      07/23/96           CMP        724.00           0.00%          0.00
PC-Club-SD                           (1)      66113571      07/14/96           CMP        556.00           7.75%         43.09
Fisher Scientific                    (1)       0803854      02/20/96           LFS        531.04           7.00%         37.16
VWR Scientific Products              (1)      42556461      03/29/96           LFS        455.47           7.00%         31.88
VWR Scientific Products              (1)      42556291      03/29/96           LFS        455.47           7.00%         31.88
VWR Scientific Products              (1)      43704730      03/22/96           LFS        895.00           7.00%         62.66
Gensia, Inc.                         (1)                    04/11/96           LFS        500.00           0.00%          0.00
Fisher Scientific                    (1)       1586200      05/07/96           LFS      1,478.00           7.75%        114.55
PerSeptive Biosystems                (1)        107915      06/28/96           LFS     25,750.00           7.00%      1,802.50
Persnickety Mfg. Inc.                (1)        960305      03/06/96           OFN      1,680.00           7.00%        117.60
Persnickety Mfg. Inc.                (1)        960306      03/11/96           OFN      1,070.00           7.00%         74.90
Corporate Express                    (1)      11264265      04/09/96           OFN        368.00           7.75%         28.52
Corporate Express                    (1)      11264525      04/23/96           OFN        368.00           7.75%         28.52
Corporate Express                    (1)      11264375      04/09/96           OFN      1,477.00           7.75%        114.47
USA Flex, Inc.                       (1)      17045162      04/26/96           CMP      1,708.96           0.00%          0.00
Persnickety Mfg. Inc.                (1)        960318      03/18/96           OFN      4,700.00           7.00%        329.00
Persnickety Mfg. Inc.                (1)        960402      03/18/96           OFN      1,220.00           7.75%         94.55
Persnickety Mfg. Inc.                (1)        960508      04/15/96           OFN      2,562.00           7.75%        198.56
Persnickety Mfg. Inc.                (1)        960515      04/15/96           OFN        788.00           7.75%         61.07
Universal Communication Solution     (1)          5207      06/21/96           PEQ        540.00           7.75%         41.85
Syex Express                         (1)      S1124884      06/24/96           CMP      2,734.00           0.00%          0.00
                                                                                       ---------                      --------
                                                                              TOTAL    90,477.94                       4,875.4
------------------------------------------------------------------------------------------------------------------------------------
No of Invoices                      (33)

</TABLE>

<TABLE>
<CAPTION>
                                                   FREIGHT
                                      VENDOR       INSTALL        TOTAL
        VENDOR                        REBATE       LABOR         INVOICE        PR
------------------------------------------------------------------------------------
<S>                                  <C>           <C>           <C>          <C>
Logic Network Solutions                  0.00          0.00      4,037.11
Logic Network Solutions                  0.00          0.00      1,079.63
Micron Electronics, Inc.                 0.00         78.00      5,476.00
Logic Network Solutions                  0.00          0.00      1,926.00
USA Flex, Inc.                           0.00         31.30        820.30
USA Flex, Inc.                           0.00        105.00     10,989.00
Technology Integration Group             0.00          0.00      1,599.01
Tri-Star Memory Inc.                     0.00          0.00      1,829.60
Technology Integration Group             0.00          0.00        716.54
Technology Integration Group             0.00          0.00      9,338.69
Panelight Display Systems, Inc.          0.00         28.50      3,255.62
Tech Data Corporation                    0.00         50.34        805.34
Tech Data Corporation                    0.00          4.75        728.75
PC-Club-SD                               0.00          0.00        599.09
Fisher Scientific                        0.00          0.00        568.20
VWR Scientific Products                  0.00          0.00        487.35
VWR Scientific Products                  0.00          0.00        487.35
VWR Scientific Products                  0.00         50.75      1,008.41
Gensia, Inc.                             0.00          0.00        500.00
Fisher Scientific                        0.00          0.00      1,592.00
PerSeptive Biosystems                    0.00         49.00     27,601.50
Persnickety Mfg. Inc.                    0.00        150.00      1,947.60
Persnickety Mfg. Inc.                    0.00         75.00      1,219.90
Corporate Express                        0.00          0.00        396.52
Corporate Express                        0.00          0.00        396.52
Corporate Express                        0.00          0.00      1,591.47
USA Flex, Inc.                           0.00         28.40      1,737.36
Persnickety Mfg. Inc.                    0.00        395.00      5,424.00
Persnickety Mfg. Inc.                    0.00         75.00      1,389.55
Persnickety Mfg. Inc.                    0.00          0.00      2,760.56
Persnickety Mfg. Inc.                    0.00          0.00        849.07
Universal Communication Solution         0.00        227.50        809.35
Syex Express                             0.00          0.00      2,734.00
                                         ----      --------     ---------
                                         0.00      1,348.54     96,701.94
                                     ------------------------------------------------
No of Invoices

</TABLE>

Prepared By:  Kasey Christie          Date   08/13/96
              -----------------              ---------

Approved By:  /s/ illegible           Date   08/13/96
              -----------------              ---------

<PAGE>   80
LEASE MANAGEMENT SERVICES INC.

                                 SCHEDULE 07 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1.      EQUIPMENT DESCRIPTION:          See Attached Exhibit "A"

2.      PROCEEDS AMOUNT:                $85,416.00

3.      INSTALLMENT PAYMENTS:           Except as otherwise provided in the
                                        Agreement or in this Schedule, the
                                        undersigned Debtor promises to repay the
                                        Advance Amount, with interest as
                                        follows:

$2,357.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on October 1, 1996, followed by $12,812.00 on
April 1, 2000.

4.      EQUIPMENT LOCATION:             11025 North Torrey Pines Road, #100
                                        La Jolla, CA 92037

5.      OTHER PROVISIONS:               N/A

Dated: 10/11/96
       ------------------------------

DEBTOR:                                 SECURED PARTY:
IRORI INCORPORATED                      LEASE MANAGEMENT SERVICES, INC.

By:    /s/ Michael P. Nova              By:   /s/ Barbara B. Kaiser
    ---------------------------------      -------------------------------------
           Michael P. Nova                        Barbara B. Kaiser

Title: CEO                              Title: EVP/General Manager
       ------------------------------          ---------------------------------

<PAGE>   81

LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:     LEASE MANAGEMENT SERVICES, INC.
        2500 Sand Hill Road, Suite 101
        Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 07 to the Equipment
Financing Agreement Number 10787, totaling $85,416.00 against equipment
purchases, as follows:

                $85,416.00    Proceeds from Equipment Financing Agreement Number
                              10787-07.

LESS:

                 $2,357.00    Due to LEASE MANAGEMENT SERVICES, INC., to pay
                              first installment payment due October 1, 1996.

                $21,354.00    Due to LEASE MANAGEMENT SERVICES, INC., to pay
                              Security Deposit.

PLUS:

                   $376.00    Credit for Commitment fee refund.

                $62,081.00    Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By:    /s/ Michael P. Nova
       ---------------------------------------

Title: CEO
       ---------------------------------------

Date:  10/11/96
       ---------------------------------------

<PAGE>   82

LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 07 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein, by this reference. All Terms used herein shall have the
same meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

            AS MORE FULLY DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1
                    ATTACHED HERETO AND MADE A PART HEREOF.

                                TOTAL PURCHASE PRICE     $85,416.00

Debtor:               /s/ MPN           (Initials)
               -----------------------
Secured Party:        /s/ BBK           (Initials)
               -----------------------

<PAGE>   83

                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-07

<TABLE>
<CAPTION>
 LMSI
 TAG #           VENDOR                        INVOICE #   QTY          DESCRIPTION                  SERIAL NUMBER        AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
<S>          <C>                               <C>         <C>    <C>                                 <C>                <C>
47213        Fisher Scientific                  2444197     1     Vacuum Pump 5.6 Model M8C               F1693           1,388.64
----------------------------------------------------------------------------------------------------------------------------------
22297        Fisher Scientific                  2444198     1     PH Meter Portable                      0003679            325.00
----------------------------------------------------------------------------------------------------------------------------------
47201        Fisher Scientific                  2250920     1     Isotemp Incubator                      506R0217           789.00
----------------------------------------------------------------------------------------------------------------------------------
47207        Fisher Scientific                  2265511     1     Universal Platform Model G10          690750176           595.00
----------------------------------------------------------------------------------------------------------------------------------
47212        Fisher Scientific                  2741155     1     Freeze Dryer w/Tray Model 12L       7498XX77540XX      15,398.00
----------------------------------------------------------------------------------------------------------------------------------
47202        Fisher Scientific                  2852796     1     Flammables Floor Cabinet                NO S/N            450.64
----------------------------------------------------------------------------------------------------------------------------------
47215        Fisher Scientific                  2694849     1     Basic Level Balance                   2115036580          816.00
----------------------------------------------------------------------------------------------------------------------------------
47203        Genta Incorporated                 Invoice     1     Isotemp Ref/Freezer                  010-1473-000       1,500.00
----------------------------------------------------------------------------------------------------------------------------------
47204        Genta Incorporated                 Invoice     1     Drying Oven                            90200057           300.00
----------------------------------------------------------------------------------------------------------------------------------
47205        Genta Incorporated                 Invoice     1     Glassware Dishwasher                   18075235         2,300.00
----------------------------------------------------------------------------------------------------------------------------------
47208        Fisher Scientific                  2540870     1     Shaker Gyrotry Model G10              690750176         3,020.00
----------------------------------------------------------------------------------------------------------------------------------
47209        Fisher Scientific                  2521055     1     Sound Enclosure                         10758             553.80
----------------------------------------------------------------------------------------------------------------------------------
47210        Fisher Scientific                  2521055     1     Sieve Shaker                            11098           1,373.42
----------------------------------------------------------------------------------------------------------------------------------
22272        Technology Integration Group        328309     1     Multiscan 15SF2 Monitor              S0181242126          480.00
----------------------------------------------------------------------------------------------------------------------------------
22286        Technology Integration Group        333818     1     Energy 17" Monitor                   S0L455101661         665.00
----------------------------------------------------------------------------------------------------------------------------------
22273        Technology Integration Group        326378     1     SVGA Network Cards                    1000045383          271.00
----------------------------------------------------------------------------------------------------------------------------------
22274        Technology Integration Group        330029     1     Armada 1120T P100                    7630HYD31879       2,139.00
----------------------------------------------------------------------------------------------------------------------------------
22275        Technology Integration Group        330029     1     8MB Upgrade                             NO S/N            195.00
----------------------------------------------------------------------------------------------------------------------------------
22285        Technology Integration Group        330029     1     Ethernet Modem 28.8                    9125681            390.00
----------------------------------------------------------------------------------------------------------------------------------
22280        Micron Electronics                  643078     1     Micro Computer ATO Model BOM         841845-0001        2,899.00
----------------------------------------------------------------------------------------------------------------------------------
22281        Micron Electronics                  643078     1     104 Enhanced Keyboard                   NO S/N           incl.
----------------------------------------------------------------------------------------------------------------------------------
22283        Technology Integration Group        328108     1     PCI LAN Adapter                         NO S/N            790.00
----------------------------------------------------------------------------------------------------------------------------------
22282        Technology Integration Group        328108     1     Energy 17" Monitor                   0L4-54601820         665.00
----------------------------------------------------------------------------------------------------------------------------------
22263        Technology Integration Group        328108     1     Energy 17" Monitor                   0L4-54601826         665.00
----------------------------------------------------------------------------------------------------------------------------------
22278        Micron Electronics                  615788     1     Micro Computer ATO Model BOM         656901-0002        2,239.00
----------------------------------------------------------------------------------------------------------------------------------
22279        Micron Electronics                  615788     1     104 Enhanced Keyboard                   NO S/N           incl.
----------------------------------------------------------------------------------------------------------------------------------
22264        Micron Electronics                  669498     1     Micro Computer ATO Model BOM         656901-0001        2,299.00
----------------------------------------------------------------------------------------------------------------------------------
22265        Micron Electronics                  669498     1     104 Enhanced Keyboard                   NO S/N           incl.
----------------------------------------------------------------------------------------------------------------------------------
22276        Micron Electronics                  669498     1     Micro Computer ATO Model BOM         617665-0001        2,299.00
----------------------------------------------------------------------------------------------------------------------------------
22277        Micron Electronics                  669498     1     104 Enhanced Keyboard                   NO S/N           incl.
----------------------------------------------------------------------------------------------------------------------------------
22284        National Instruments                230972     1     AT-OPIB Interface Card                  NO S/N            570.00
----------------------------------------------------------------------------------------------------------------------------------
(3)          Persnickety Mfg. Inc.               960823     6     Open Office Panels Walls                NO S/N         12,383.00
----------------------------------------------------------------------------------------------------------------------------------
22295        Persnickety Mfg. Inc.            9608120-B     1     Mobile Pedestal                         NO S/N            327.00
----------------------------------------------------------------------------------------------------------------------------------
22294        Persnickety Mfg. Inc.               960813     1     Executive U Desk                        NO S/N          1,425.00
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Debtor   /s/ MPN     (Initials)    Secured Party   /s/ BBK       (Initials)
        -------------                            ---------------

                                     1 of 1
<PAGE>   84

<TABLE>
<CAPTION>
 LMSI
 TAG #           VENDOR                        INVOICE #   QTY          DESCRIPTION                  SERIAL NUMBER        AMOUNT
----------------------------------------------------------------------------------------------------------------------------------
<S>          <C>                               <C>         <C>    <C>                                 <C>                <C>
(4)          Persnickety Mfg. Inc.               960813     1     2-Drawer Lateral File                   NO S/N           incl.
----------------------------------------------------------------------------------------------------------------------------------
(1)          PC Saver                              2290     4     32MB Upgrade                            NO S/N            880.00
----------------------------------------------------------------------------------------------------------------------------------
22267        PC Saver                              2289     1     Pentium Pro System                      NO S/N          3,666.00
----------------------------------------------------------------------------------------------------------------------------------
22266        PC Saver                              2289     1     15" SVGA Monitor                     68TTB0477359        incl.
----------------------------------------------------------------------------------------------------------------------------------
47211        Savant Instruments                  128629     1     Speedvac Component System         SC210A-6H330453-1G   12,505.00
----------------------------------------------------------------------------------------------------------------------------------
(2)          Tri-Star Memory Inc.                 13834     6     32MB Memory Upgrade                     NO S/N          1,314.00
----------------------------------------------------------------------------------------------------------------------------------
47206        TriLink BioTechnologies                  4     1     Gamma Center                                            3,000.00
----------------------------------------------------------------------------------------------------------------------------------
47217        Universal Communication Solution      5499     1     Executive Phone Display               SBG611527           340.20
----------------------------------------------------------------------------------------------------------------------------------
47218        Universal Communication Solution      5499     1     Executive Phone Display               SBG611350           340.20
----------------------------------------------------------------------------------------------------------------------------------
47222        Universal Communication Solution      5499     1     Executive Phone Display               SBG611135           340.20
----------------------------------------------------------------------------------------------------------------------------------
47221        Universal Communication Solution      5499     1     Executive Phone Display               SBG611504           340.20
----------------------------------------------------------------------------------------------------------------------------------
47220        Universal Communication Solution      5499     1     Executive Phone Display               SBG611173           340.20
----------------------------------------------------------------------------------------------------------------------------------
47219        Universal Communication Solution      5499     1     Executive Phone Display               SBG611371           340.20
----------------------------------------------------------------------------------------------------------------------------------
47223        Universal Communication Solution      5499     1     Executive Phone Display               SBG611121           340.20
----------------------------------------------------------------------------------------------------------------------------------
47224        Universal Communication Solution      5499     1     Executive Phone Display               SBG611325           340.20
----------------------------------------------------------------------------------------------------------------------------------
47216        Universal Communication Solution      5499     1     Executive Phone Display               SBG611091           340.20
----------------------------------------------------------------------------------------------------------------------------------
47225        Universal Communication Solution      5499     1     Executive Phone Display               SBG611468           340.20
----------------------------------------------------------------------------------------------------------------------------------
22287        Universal Communication Solution      5499     1     12 Port Station                         NO S/N            780.30
----------------------------------------------------------------------------------------------------------------------------------
47214        VWR Scientific Products           53481110     1     Rolomix Orb Mixer Model 51335T       553960799706         358.20
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                          TOTAL          85,416.00
(1) 22268     22270                           (3) 22288   22291
    22269     22271                               22289   22292
                                                  22290   22293

(2) 22309                                     (4) 22296
    22310
    22311
    22312
    22313
    22314
</TABLE>

Debtor   /s/ MPN     (Initials)    Secured Party   /s/ BBK       (Initials)
        -------------                            ---------------

                                     2 of 2
<PAGE>   85

LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 07 to Equipment Financing
Agreement Number 10787.

TO:     LEASE MANAGEMENT SERVICES INC.
        2500 Sand Hill Road, Suite 101
        Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security interest created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplies
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
               PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:
IRORI INCORPORATED
By:       /s/ Michael P. Nova
         ---------------------------------

Title:   CEO
         ---------------------------------

Date:    10/11/96
         ---------------------------------

<PAGE>   86
                         LEASE MANAGEMENT SERVICES, INC.

                                                                    CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA.  94025

---------------------------------------
Irori Incorporated
11025 North Torrey Pines Road, #100            CREDIT MEMO #           10787-07
La Jolla, CA 92037                                      DATE          09-Oct-96
---------------------------------------

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
QUANTITY             DESCRIPTION                              PRICE       AMOUNT
--------------------------------------------------------------------------------
<S>       <C>                                                 <C>        <C>
          RE:  EQUIPMENT FINANCING AGREEMENT NO.  10787-07
          -----------------------------------------------

          First Month's Rent:               $  2,357.00
          Security Deposit:                 $ 21,354.00

          Non-Financable Items:
              Freight/Install/Labor         $  2,638.47
              Sales Tax                     $  5,894.13
              Softcost/Disposables          $    699.70

          PLUS:
              Vendor Prepayments            $(94,648.30)
              Prorata Commitment Fee        $   (376.00)
                                            -----------
              TOTAL                         $(62,081.00)

--------------------------------------------------------------------------------

If you have any questions concerning      CHECK PAYABLE TO:         ($62,081.00)
this credit, call:  (415) 854-9450.       Irori Incorporated
</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   87

                          Lease Management Services, Inc.
                          2500 Sand Hill Road, Suite 101,
                          Menlo Park, CA 94025 Telephone (415)
                          854-9450 o Fax (415) 854-9457

October 4, 1996

Susan Sisk
IRORI INCORPORATED
11025 North Torrey Pines Road
La Jolla, CA 92037

Dear Susan:

Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 07. The Commencement date of this schedule is October 1, 1996.
Please see that the documents are executed and returned

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                            LABELING OF EQUIPMENT
                                      Equipment Financing Agreement
/s/ K.C.                              Number: 10787-07
                                      Label Number: See Exhibit A-1
Kathy (Kasey) Christie                IRORI INCORPORATED
Sr.  Contract Administrator
                                      By:    /s/ Michael P. Nova
                                             -----------------------------------

                                      Title: CEO
                                             -----------------------------------

                                      Date:  10/11/96
                                             -----------------------------------

Enclosures

   A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   88
<TABLE>
<CAPTION>
10787-07                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
              9534560778                        12/08/95                                                          Sacramento
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, #100                                    LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                      3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025                 94-2221046
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     CITY                                               STATE                ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

B       [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below..
-----------------------------------------------------------------------------------------------------------------------------------

C       [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

D       [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above..
-----------------------------------------------------------------------------------------------------------------------------------

E       [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

F       [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 07 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE TWO (2) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)         10/11    1996                  E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                           PRESIDENT
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:        /s/ BARBARA B. KAISER
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM--FILING FEE       UNIFORM COMMERCIAL CODE--FORM UCC.2

                                                                              8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   89
LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 08 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY. ACKNOWLEDGE THAT THE ITEMS
OF EQUIPMENT DESCRIBED IN TIES SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT
THE FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT
THEREOF, THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION
THEREOF, AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1. EQUIPMENT DESCRIPTION:       See Attached Exhibit "A"

2. PROCEEDS AMOUNT:             $48,249.85

3. INSTALLMENT PAYMENTS:        Except as otherwise provided in the Agreement or
                                in this Schedule, the undersigned Debtor
                                promises to repay the Advance Amount, with
                                interest as follows:

$1,326.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on, December 1, 1996, followed by $7,237.00 on
June 1, 2000.

4. EQUIPMENT LOCATION:          11025 North Torrey Pines Road, # 100
                                La Jolla, CA 92037

5. OTHER PROVISIONS:            N/A

Dated:  12/20/96
        -------------------------------

DEBTOR:                                        SECURED PARTY:
IRORI INCORPORATED                             LEASE MANAGEMENT SERVICES, INC.

By:      /s/ Michael P. Nova                   By:    /s/ Barbara B. Kaiser
        -------------------------------               --------------------------
                                                          Barbara B.  Kaiser

Title:       President                         Title: EVP/General Manager
        -------------------------------               --------------------------

<PAGE>   90
LEASE MANAGEMENT SERVICES, INC.

                                    EXHIBIT A

Attached to and forming a part of the following documents: Schedule Number 08 of
Equipment Financing Agreement Number 10787, Certificate of Acceptance and the
UCC Financing Statement(s) pertaining to the referenced Loan Schedule, and any
addenda thereto by and between LEASE MANAGEMENT SERVICES, INC., as Secured
Party, and IRORI INCORPORATED, as Debtor. The Loan Schedule referenced above is
incorporated herein by this reference. All Terms used herein shall have the same
meaning as set forth in the Equipment Financing Agreement. Debtor is hereby
directed to contact the Supplier of the Equipment for a description of any
rights Debtor may have under the Supply Contract covering the Equipment.

     AS MORE FULLY DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO
                             AND MADE A PART HEREOF.

                                TOTAL PURCHASE PRICE $48,249.85

Debtor:           /s/ MPN                      (Initials)
          -----------------------
Secured Party:      /s/ BBK                     (Initials)
              -----------------------

<PAGE>   91
                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-08

<TABLE>
<CAPTION>
 LMSI
 TAG #           VENDOR                      INVOICE #  QTY         DESCRIPTION                  SERIAL NUMBER       AMOUNT
 -----           ------                      ---------  ---         -----------                  -------------       ------
<S>     <C>                                 <C>         <C>  <C>                                 <C>               <C>
47230   Universal Communication Solution        5635     1   4 Port Voice Mailcard                    N/A           1,595.00
47227   Fisher Scientific                    3366251     1   Balance Et Al                        1115300705        4,815.55
47229   Fisher Scientific                    2177573     1   Vacuum Pump Gerotor                   YKL270610          739.00
47249   VWR Scientific Products             57931660     1   Pump 115V                              193904          1,291.50
47228   Perkin Elmer                         0996944     1   Spectrum 1000 W/Software                45395         17,210.00
47240   Micron Electronics, Inc.              789892     1   Micron Computer ATO Model BOM        724035-0001       2,049.00
47231   Networks 2000                           2148     1   HP Advancestack 100VG Hub 14-Port       NONE           1,441.25
47233   Networks 2000                           2148     1   HP SNMP Bridge Module                SG63030296          936.55
47248   Networks 2000                           2148     1   Digiboard 8 Port Card                    N/A             719.00
47237   Micron Electronics, Inc.              764346     1   Micron Computer ATO Model BOM        706164-0001       2,049.00
47247   Technology Integration Group          339235     1   17" Monitor                         AI0-52303272         650.00
47232   Andataco                              157172     1   Desktop Cab                           0000-0937        4,800.00
47234   Andataco                              157172     1   DLT4000 Tape Unit                     0000-0937        2,325.00
(1)     Technology Integration Group          337325     6   PCI LAN Adapter   (pkg of 6)             N/A             790.00
47238   Technology Integration Group          337325     1   17" Monitor                         OP4-60201585         650.00
47239   Technology Integration Group          336491     1   17" Monitor                         OP4-54901751         650.00
47235   Technology Integration Group          335814     1   Laserjet 4MV                         SJPFH010307       2,745.00
47236   Micron Electronics                    747144     1   Micron Computer ATO Model BOM        697828-0001       2,049.00
47226   Pharmacia Biotech                   38715620     1   EPS 500 Power Supply                  9603-1001          745.00
                                                                                                      TOTAL       $48,249.85
</TABLE>

(1)     47241
        47242
        47243
        47244
        47245
        47246

Debtor /s/ MPN (Initials) Secured Pary /s/ BBK (Initials)
      ---------                       ---------

                                     1 of 1

<PAGE>   92
LEASE MANAGEMENT SERVICES, INC.

                               PAY PROCEEDS LETTER

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Menlo Park, CA 94025

IRORI INCORPORATED, as Debtor, hereby authorizes LEASE MANAGEMENT SERVICES,
INC., as Secured Party, to distribute proceeds of Schedule 08 to the Equipment
Financing Agreement Number 10787, totaling $48,249.85 against equipment
purchases, as follows

           $48,249.85           Proceeds from Equipment Financing Agreement
                                Number 10787-08.

LESS:
            $1,326.00           Due to LEASE MANAGEMENT SERVICES, INC., to pay
                                first installment payment due December 1, 1996.

           $12,062.00           Due to LEASE MANAGEMENT SERVICES, INC., to pay
                                Security Deposit.

PLUS:
              $212.00           Credit for Commitment fee refund.

           $35,073.85           Credit due to IRORI INCORPORATED.

DEBTOR:
IRORI INCORPORATED

By:    /s/ Michael P. Nova
       ---------------------------
Title: President
       ---------------------------
Date:  12/20/96
       ---------------------------

<PAGE>   93
                         LEASE MANAGEMENT SERVICES, INC.

                                                                     CREDIT MEMO

2500 Sand Hill Road, Suite 101, Menlo Park, CA  94025

Irori Incorporated
11025 North Torrey Pines Road, #100
La Jolla, CA 92037

                                                          CREDIT MEMO # 10787-08
                                                                  DATE 09-Dec-96

<TABLE>
<CAPTION>
QUANTITY                            DESCRIPTION                                       PRICE                AMOUNT
--------                            -----------                                       -----                ------
<S>        <C>                                            <C>                         <C>                <C>
           RE:  EQUIPMENT FINANCING AGREEMENT NO.                      10787-08
           --------------------------------------------------------------------

           First Month's Rent:                               $1,326.00
           Security Deposit:                                $12,062.00

           Non-Financeable Items:
               Freight/Install/Labor                           $458.77
               Sales Tax                                     $3,559.82
               Softcost/Disposables                          $3,829.75

           PLUS:
               Vendor Prepayments                          $(56,098.19)
               Prorata Commitment Fee                         $(212.00)
                                                           ------------
               TOTAL                                       $(35,073.85)

If you have any questions concerning this credit,         CHECK PAYABLE TO:                              $(35,073.85)
call:  (415) 854-9450.                                    Irori Incorporated
                                                                                                         ------------
</TABLE>

                          THANK YOU FOR YOUR BUSINESS!

<PAGE>   94
LEASE MANAGEMENT SERVICES, INC.

                            CERTIFICATE OF ACCEPTANCE

Attached to and made an integral part of Schedule 08 to Equipment Financing
Agreement Number 10787.

TO:   LEASE MANAGEMENT SERVICES, INC.
      2500 Sand Hill Road, Suite 101
      Menlo Park, CA 94025

                              EQUIPMENT DESCRIPTION

                            SEE ATTACHED EXHIBIT "A"

We hereby acknowledge receipt, in good condition, of the Equipment described
above or on the attached Exhibit "A". The Equipment has been properly installed
and is operating satisfactorily. We hereby accept said Equipment as satisfactory
in all respects for the purposes of the above Equipment Financing Agreement.
Said Equipment has not been delivered or accepted on a trial basis, and is free
and clear of all liens and encumbrances and adverse claims, with the exception
of the security deposit created herein.

We will make all payments to Secured Party, as called for in the Equipment
Financing Agreement. We agree that any rights we may have against the supplier
or vendor of said Equipment will not be asserted as an abatement, defense,
counterclaim, or deduction against Secured Party.

All capitalized terms used herein shall have the same meaning as set forth in
the Equipment Financing Agreement referenced above.

         DO NOT SIGN OR DATE THIS FORM UNTIL THE EQUIPMENT IS RECEIVED,
               PROPERLY INSTALLED AND IS OPERATING SATISFACTORILY.

DEBTOR:

IRORI INCORPORATED

By:      /s/ Michael P. Nova
         -----------------------------
Title:         President
               -----------------------
Date:        12/20/96
             -------------------------

<PAGE>   95
                   Lease Management Services, Inc.
                   2500 Sand Hill Road, Suite 101
                   Menlo Park, CA 94025
                   Telephone (415) 854-9450 o Fax (415) 854-9457

December 13, 1996

Susan Sisk
IRORI
11025 North Torrey Fine Road, #100
La Jolla, CA 92037

Dear Susan:

Enclosed are the documents for Equipment Financing Agreement Number 10787,
Schedule Number 08. The Commencement date of this schedule is December 1, 1996.
Please see that the documents are executed and returned.

Equipment identification labels (asset tags) are also enclosed. Please affix the
asset tags to all of the equipment listed in the Exhibit A. Please acknowledge
completion of labeling by listing the appropriate asset tag number in the space
provided for each equipment description in Exhibit A. Sign where indicated below
and return to me.

Should you have any questions, please call.

Sincerely,                         LABELING OF EQUIPMENT
                                   Equipment Financing Agreement
/s/ K.C.                           Number: 10787-08
                                   Label Number: See Exhibit A-1

Kathy (Kasey) Christie             IRORI
Sr.  Contract Administrator
                                   By:     /s/ Michael P. Nova
                                           -------------------------------
                                   Title:  President
                                           -------------------------------
                                   Date:   12/20/96
                                           -------------------------------

Enclosures

  A Subsidiary of Phoenixcor, Inc. o 65 Water Street, South Norwalk, CT 06854

<PAGE>   96
<TABLE>
<CAPTION>
10787-08                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
              9534560778                        12/08/95                                                          SOS
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, #100                                    LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                      3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025                 9482221046
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
     CITY                                               STATE                ZIP CODE                         A.B.A.  NO.
-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 B      [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 C      [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

 D      [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

 E      [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

 F      [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 08 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)                  19                    E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                           PRESIDENT
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:        /s/ BARBARA B. KAISER
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM -- FILING FEE        UNIFORM COMMERCIAL CODE -- FORM UCC.2      8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>   97
<TABLE>
<CAPTION>
10787-08                 This STATEMENT is presented for filing pursuant to the California Uniform Commercial Code
-----------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                               <C>                               <C>
1.   FILE NO. OF ORIG. FINANCING     1A.  DATE OF FILING OF ORIG.      1B.  DATE OF ORIG. FINANCING      1C.  PLACE OF FILING ORIG.
     STATEMENT                            FINANCING STATEMENT               STATEMENT                         FINANCING STATEMENT
              9534560778                        12/08/95                                                          SOS
-----------------------------------------------------------------------------------------------------------------------------------

2.   DEBTOR (LAST NAME FIRST)                                                                            2A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO.
     IRORI INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------

2B.  MAILING ADDRESS                                                   2C.  CITY, STATE                  2D.  ZIP CODE
     11025 NORTH TORREY PINES ROAD, #100                                    LA JOLLA, CA                        92037
-----------------------------------------------------------------------------------------------------------------------------------

3.   ADDITIONAL DEBTOR (IF ANY) (LAST NAME FIRST)                                                        3A.  SOCIAL SECURITY OR
                                                                                                              FEDERAL TAX NO.
-----------------------------------------------------------------------------------------------------------------------------------

3B.  MAILING ADDRESS                                                   3C.  CITY,  STATE                      3D.  ZIP CODE
-----------------------------------------------------------------------------------------------------------------------------------

4.   SECURED PARTY                                                                                       4A.  SOCIAL SECURITY NO.,
                                                                                                              FEDERAL TAX NO,.
                                                                                                              OR BANK TRANSIT AND
                                                                                                              A.B.A.  NO.
     NAME                    LEASE MANAGEMENT SERVICES, INC.
     MAILING ADDRESS         2500 SAND HILL ROAD, SUITE 101
     CITY                    MENLO PARK                 STATE  CA            ZIP CODE   94025                 94-2221046
-----------------------------------------------------------------------------------------------------------------------------------

5.   ASSIGNEE OF SECURED PARTY (IF ANY)                                                                  5A.  SOCIAL SECURITY NO.,
     NAME                                                                                                     FEDERAL TAX NO. OR
     MAILING ADDRESS                                                                                          BANK TRANSIT AND
       CITY                                               STATE                ZIP CODE                       A.B.A.  NO.

-----------------------------------------------------------------------------------------------------------------------------------

6A      [ ] CONTINUATION--The original Financing Statement between the foregoing Debtor and Secured Party bearing the file number
        and date shown above is continued. If collateral is crops or timber, check here [ ] and insert description of real property
        on which growing or to be grown in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 B      [ ] RELEASE--From the collateral described in the Financing Statement bearing the file number shown above, the Secured Party
        releases the collateral described in Item 7 below.
-----------------------------------------------------------------------------------------------------------------------------------

 C      [ ] ASSIGNMENT--The Secured Party certifies that the Secured Party has assigned to the Assignee above named, all the Secured
        Party's rights under the Financing Statement bearing the file number shown above in the collateral described in Item 7
        below.
-----------------------------------------------------------------------------------------------------------------------------------

 D      [ ] TERMINATION--The Secured Party certifies that the Secured Party no longer claims a security interest under the Financing
        Statement bearing the file number shown above.
-----------------------------------------------------------------------------------------------------------------------------------

 E      [X] AMENDMENT--The Financing Statement bearing the file number shown above is amended as set forth in Item 7 below.
        (Signature of Debtor required on all amendments.)
-----------------------------------------------------------------------------------------------------------------------------------

 F      [ ] OTHER
-----------------------------------------------------------------------------------------------------------------------------------
7.
        AMEND ORIGINAL FILING TO MORE SPECIFICALLY DESCRIBE A PORTION OF THE EQUIPMENT AND PERSONAL PROPERTY SET FORTH IN THE
        ORIGINAL FILING, NAMELY, THE EQUIPMENT AND PERSONAL PROPERTY FINANCED UNDER SCHEDULE NO. 08 OF EQUIPMENT FINANCING AGREEMENT
        NO. 10787, WHICH EQUIPMENT AND PERSONAL PROPERTY IS DESCRIBED ON THE ONE (1) PAGE EXHIBIT A-1 ATTACHED HERETO AND MADE A
        PART HEREOF. THIS AMENDMENT IS NOT IN LIMITATION OF THE ORIGINAL FILING, BUT SUPPLEMENTAL THERETO.
-----------------------------------------------------------------------------------------------------------------------------------
8.                                                                            C           9. This Space for Use of Filing Officer
                                                                              O                       (Date, Time, Filing Office)
                                                                              D
                                (Date)         12/20    1996                  E
                                       --------------------------------------

                    IRORI INCORPORATED
-----------------------------------------------------------------------------
                                                                              1
        By:        /s/ MICHAEL P. NOVA                           PRESIDENT
            -----------------------------------------------------------------
                SIGNATURE(S) OF DEBTOR(S)                         (TITLE)
                                                                              2
                         LEASE MANAGEMENT SERVICES, INC.
-----------------------------------------------------------------------------
                                                                              3
        By:        /s/ BARBARA B. KAISER
            -----------------------------------------------------------------
                SIGNATURE(S) OF SECURED PARTY(IES)                (TITLE)
                                                                              4
-----------------------------------------------------------------------------
                                 RETURN COPY TO
                                                                              5
                              P6-0000-141-6
ADDRESS                       LEASE MANAGEMENT SERVICES, INC.
                              2500 SAND HILL ROAD, SUITE 101                  6
                              MENLO PARK, CA  94025

                                                                              7
Filing Officer Debtors
STANDARD FORM -- FILING FEE     UNIFORM COMMERCIAL CODE -- FORM UCC.2

                                                                              8
                       Approved by the Secretary of State
                                                                              9
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   98
LEASE MANAGEMENT SERVICES, INC.
PREPARED FOR:                        IRORI,  INC.
SCHEDULE                                 10787-08
COMMENCE DATE:                          01-Dec-96       PV RENTAL     $48,249.85
PRINCIPAL:                             $48,249.85
IMPLICIT INTEREST RATE:                     8.65%
AMORTIZATION FACTOR:                   14.644813%
TERM:                                          43
ADV or ARR:                                     2
(1=ARR, 2=ADV)

<TABLE>
<CAPTION>
                                            APPLIED TO     APPLIED TO         REMAINING
PYMT #    PRINCIPAL          PAYMENT         INTEREST      PRINCIPAL          PRINCIPAL
------    ---------          -------         --------      ---------          ---------
<S>       <C>                <C>           <C>             <C>                <C>
  1         $48,249.85        $1,326.00        $0.00        $1,326.00         $46,923.85
  2          46,923.85         1,326.00       572.66           753.34          46,170.51
  3          46,170.51         1,326.00       563.47           762.53          45,407.97
  4          45,407.97         1,326.00       554.16           771.84          44,636.13
  5          44,636.13         1,326.00       544.74           781.26          43,854.87
  6          43,854.87         1,326.00       535.21           790.79          43,064.08
  7          43,064.08         1,326.00       525.55           800.45          42,263.63
  8          42,263.63         1,326.00       515.79           810.21          41,453.42
  9          41,453.42         1,326.00       505.90           820.10          40,633.32
  10         40,633.32         1,326.00       495.89           830.11          39,803.21
  11         39,803.21         1,326.00       485.76           840.24          38,962.97
  12         38,962.87         1,326.00       475.50           850.50          38,112.47
  13         38,112.47         1,326.00       465.13           860.87          37,251.60
  14         37,251.60         1,326.00       454.62           871.38          36,380.21
  15         36,380.21         1,326.00       443.98           882.02          35,498.20
  16         35,498.20         1,326.00       433.22           892.78          34,605.42
  17         34,605.42         1,326.00       422.32           903.68          33,701.74
  18         33,701.74         1,326.00       411.30           914.70          32,787.04
  19         32,787.04         1,326.00       400.13           925.87          31,861.17
  20         31,861.17         1,326.00       388.83           937.17          30,924.01
  21         30,924.01         1,326.00       377.40           948.50          29,975.40
  22         29,975.40         1,326.00       365.82           960.18          29,015.23
  23         29,015.23         1,326.00       354.10           971.90          28,043.33
  24         28,043.33         1,326.00       342.24           983.76          27,059.57
  25         27,059.57         1,326.00       330.24           995.76          26,063.80
  26         26,063.80         1,326.00       318.08         1,007.92          25,055.89
  27         25,055.89         1,326.00       305.78         1,020.22          24,035.67
  28         24,035.67         1,326.00       293.33         1,032.67          23,003.00
  29         23,003.00         1,326.00       280.73         1,045.27          21,957.73
  30         21,957.73         1,326.00       267.97         1,058.03          20,899.70
  31         20,899.70         1,326.00       255.06         1,070.94          19,828.76
  32         19,828.76         1,326.00       241.99         1,084.01          18,744.75
  33         18,744.75         1,326.00       228.76         1,097.24          17,647.51
  34         17,647.51         1,326.00       215.37         1,110.63          16,536.88
  35         16,536.88         1,326.00       201.82         1,124.18          15,412.70
  36         15,412.70         1,326.00       188.10         1,137.90          14,274.80
  37         14,274.60         1,326.00       174.21         1,151.79          13,123.01
  38         13,123.01         1,326.00       160.15         1,165.85          11,957.16
  39         11,957.16         1,326.00       145.93         1,180.07          10,777.09
  40         10,777.09         1,326.00       131.52         1,194.48           9,582.61
  41          9,582.61         1,326.00       116.95         1,209.05           8,373.56
  42          8,373.56         1,326.00       102.19         1,223.81           7,149.75
  43          7,149.75         7,237.00        87.26         7,149.74               0.00
  44              0.00             0.00         0.00            (0.00)              0.00
  45              0.00             0.00         0.00            (0.00)              0.00
  46              0.00             0.00         0.00            (0.00)              0.00
  47              0.00             0.00         0.00            (0.00)              0.00
  48              0.00             0.00         0.00            (0.00)              0.00
  49              0.00             0.00         0.00            (0.00)              0.00

TOTAL INTEREST                             14,679.15
TOTAL PRINCIPAL                            48,249.85
                                           ---------
TOTAL RENTAL RECEIVABLE       62,929.00    62,929.00
</TABLE>

The above amortization schedule has been prepared using standard amortization
software. You may want to submit a copy of this schedule, along with the Lease
documents, to your CPA firm so they can verify that your accounting records
comply with generally accepted accounting principles.

<PAGE>   99
LEASE MANAGEMENT SERVICES, INC.

                                 SCHEDULE 09 TO
                   EQUIPMENT FINANCING AGREEMENT NUMBER 10787
                                     BETWEEN
                          IRORI INCORPORATED, AS DEBTOR
                                       AND
                LEASE MANAGEMENT SERVICES, INC., AS SECURED PARTY

ATTACHED TO AND MADE A PART OF EQUIPMENT FINANCING AGREEMENT NUMBER 10787, BY
AND BETWEEN SECURED PARTY AND DEBTOR ("AGREEMENT") WHICH IS INCORPORATED HEREIN
BY THIS REFERENCE. SECURED PARTY AND DEBTOR HEREBY ACKNOWLEDGE THAT THE ITEMS OF
EQUIPMENT DESCRIBED IN THIS SCHEDULE ARE COVERED BY THE AGREEMENT AND THAT THE
FOLLOWING IS A DESCRIPTION OF SAID ITEMS, THE ADVANCE AMOUNT ON ACCOUNT THEREOF,
THE INSTALLMENT PAYMENTS APPLICABLE THERETO, THE EQUIPMENT LOCATION THEREOF,
AND, IF SPECIFIED, CERTAIN FURTHER RELATED INFORMATION.

1. EQUIPMENT DESCRIPTION:       See Attached Exhibit "A"

2. PROCEEDS AMOUNT:             $38,059.55

3. INSTALLMENT PAYMENTS:        Except as otherwise provided in the Agreement or
                                in this Schedule, the undersigned Debtor
                                promises to repay the Advance Amount, with
                                interest as follows:

$1,047.00 per month due on the first day of each month for Forty-Two (42)
consecutive months, beginning on March 1, 1997, followed by $5,709.00 on
September 1, 2000.

4. EQUIPMENT LOCATION:          11025 North Torrey Pines Road, #100
                                La Jolla, CA 92037

5. OTHER PROVISIONS:            N/A

Dated: 3-24-97
      -----------------------------

DEBTOR:                                    SECURED PARTY:
IRORI INCORPORATED                         LEASE MANAGEMENT SERVICES, INC.

By:   /s/ MICHAEL NOVA                     By: /s/ BARBARA B. KAISER
      -----------------------------            -------------------------------
                                                  Barbara B.  Kaiser

Title: President & CEO                     Title:      EVP/General Manager
      -----------------------------              -----------------------------

<PAGE>   100
                               IRORI INCORPORATED
                        EXHIBIT A-1 TO SCHEDULE 10787-09

<TABLE>
<CAPTION>
   LMSI
   TAG #             VENDOR                INVOICE #  QTY DESCRIPTION                              SERIAL NUMBER           AMOUNT
<S>           <C>                          <C>        <C> <C>                                      <C>                  <C>
------------------------------------------------------------------------------------------------------------------------------------
   31617      MicroImage??                  337327    1   500 Sheet Lower Tray for Laser Printer   DE11586713              295.00
------------------------------------------------------------------------------------------------------------------------------------
   31620      Technology Integration Group  329472    1   HP Vectra VL Series 4 5/100              SUS62455354           1,750.00
------------------------------------------------------------------------------------------------------------------------------------
   31619      Technology Integration Group  329472    1   HP 1024 LE/MM 15" Monitor                KR54213119              485.00
------------------------------------------------------------------------------------------------------------------------------------
              Technology Integration Group  343198    1   10/100VG PCI Lan Adapter-6pk             N/A                     790.00
6pk - 31625,31626,31627,31628,31629,31630
------------------------------------------------------------------------------------------------------------------------------------
   31616      Technology Integration Group  342913    1   Tektronix Phaser 350"B" Color Printer    B6C2732               4,895.00
------------------------------------------------------------------------------------------------------------------------------------
   31618      Technology Integration Group  325904    1   HP Vectra VL Series 4 5/100              SUS62556102           2,000.00
------------------------------------------------------------------------------------------------------------------------------------
   31631      Technology Integration Group  325904    1   HP 1024 LE/MM 15" Monitor                KR54920156              485.00
------------------------------------------------------------------------------------------------------------------------------------
   31632      Technology Integration Group  343841    1   32MB Upgrade for NEC Versa 4000 Series   N/A                     325.00
------------------------------------------------------------------------------------------------------------------------------------
   31622      Technology Integration Group  352164    1   17" SONY Multi Sync Monitor              S011076380B             690.00
------------------------------------------------------------------------------------------------------------------------------------
   31609      Networks 2000                  2163     1   Compaq Prosignia 300 5/150 Server        D641BHG20712          3,532.62
------------------------------------------------------------------------------------------------------------------------------------
   31610      Networks 2000                  2163     1   14" CTX Monitor                          280-62107107            249.00
------------------------------------------------------------------------------------------------------------------------------------
   31611      Networks 2000                  2163     1   APC Backup 450 VA UPS                    WB9645112935            200.00
------------------------------------------------------------------------------------------------------------------------------------
   31633      Networks 2000                  2171     1   Digital Hinote Ultra II-Laptop Computer  8R64801030            5,494.93
------------------------------------------------------------------------------------------------------------------------------------
   31621      Networks 2000                  2167     1   APCC 700 VA UPS                          WS9642023559            390.00
------------------------------------------------------------------------------------------------------------------------------------
31624,31623   Networks 2000                  2167     2   Compaq 4.3 Gig SCSI Hard Drive           N/A                   1,375.00
------------------------------------------------------------------------------------------------------------------------------------
   31612      Micron Electronics, Inc.      817146    1   Micron Computer ATO Model BOM            738091-0001           4,450.00
   31613                                                                 w/Monitor                 G6HDD5158
------------------------------------------------------------------------------------------------------------------------------------
   31615      Micron Electronics, Inc.      836526    1   Micron Computer ATO Model BOM            807814-0001           3,300.00
------------------------------------------------------------------------------------------------------------------------------------
   31614      Digital Dimensions, Inc.       7390     1   Viewsonic 21" Monitor                    0200 1000 4949 6208   2,060.00
------------------------------------------------------------------------------------------------------------------------------------
   31634      Networks 2000                  2181     1   CD-ROM Multimedia Kit for Laptop         N/A                     665.00
------------------------------------------------------------------------------------------------------------------------------------
   31607      Orion Research, Inc.         I-377089   1   290A Portable PH/ISE Meter               6832                    690.00
------------------------------------------------------------------------------------------------------------------------------------
   31606      VWR Scientific Products      15474110   1   Dataplate, KG Hot Plate/Stirrer          992961142736            666.00
------------------------------------------------------------------------------------------------------------------------------------
   31608      VWR Scientific Products      16097710   1   Dataplate, KG Hot Plate/Stirrer          992960258449            666.00
------------------------------------------------------------------------------------------------------------------------------------
   22305      San Diego Office Interiors   962061-IN  1   Improv Management Chair-W/Arms           N/A                     338.00
------------------------------------------------------------------------------------------------------------------------------------
   22302      San Diego Office Interiors   962061-IN  1   Improv Management Chair-W/Arms           N/A                     338.00
------------------------------------------------------------------------------------------------------------------------------------
   22299      San Diego Office Interiors   962061-IN  1   Improv Management Chair-W/Arms           N/A                     338.00
------------------------------------------------------------------------------------------------------------------------------------
   22298      San Diego Office Interiors   962061-IN  1   Improv Management Chair-W/Arms           N/A                     338.00
------------------------------------------------------------------------------------------------------------------------------------
   22307      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
   22306      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
   22304      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
   22303      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
   22300      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
   22301      San Diego Office Interiors   962061-IN  1   Improv Guest Chair W/ Sled Base          N/A                     209.00
------------------------------------------------------------------------------------------------------------------------------------
                                                          Total for 10787-09 Lease Management                           38,059.55
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                     Page 1
<PAGE>   101
Leasehold Management Services
Schedule 01                        Monthly Interest Rate =        1.221%
Amortization schedule

<TABLE>
<CAPTION>
                                                 INTEREST  PRINCIPAL    REMAINING     REMAINING
PAYMENT #   BORROWINGS    DATE       PAYMENT       PAID      PAID       PRINCIPAL     PAYMENTS
---------   ----------    ----       -------       ----      ----       ---------     --------
<S>        <C>          <C>         <C>          <C>       <C>          <C>           <C>
                                                                         47,191.91
   1       $47,191.91    10/1/95     1,297.00       -       1,297.00     45,894.91     60,256.00
   2                     11/1/95     1,297.00     560.24      736.76     45,158.15     58,959.00
   3                     12/1/95     1,297.00     551.24      745.76     44,412.39     57,662.00
   4                      1/1/96     1,297.00     542.14      754.86     43,657.53     56,365.00
   5                      2/1/96     1,297.00     532.93      764.07     42,893.46     55,068.00
   6                      3/1/96     1,297.00     523.60      773.40     42,120.06     53,771.00
   7                      4/1/96     1,297.00     514.16      782.84     41,337.21     52,474.00
   8                      5/1/96     1,297.00     504.60      792.40     40,544.82     51,177.00
   9                      6/1/96     1,297.00     494.93      802.07     39,742.75     49,880.00
  10                      7/1/96     1,297.00     485.14      811.86     38,930.88     48,583.00
  11                      8/1/96     1,297.00     475.23      821.77     38,109.11     47,286.00
  12                      9/1/96     1,297.00     465.20      831.80     37,277.31     45,989.00
  13                     10/1/96     1,297.00     455.04      841.96     36,435.35     44,692.00
  14                     11/1/96     1,297.00     444.77      852.23     35,583.12     43,395.00
  15                     12/1/96     1,297.00     434.36      862.64     34,720.48     42,098.00
  16                      1/1/97     1,297.00     423.83      873.17     33,847.31     40,801.00
  17                      2/1/97     1,297.00     413.17      883.83     32,963.48     39,504.00
  18                      3/1/97     1,297.00     402.38      894.62     32,068.87     38,207.00
  19                      4/1/97     1,297.00     391.46      905.54     31,163.33     36,910.00
  20                      5/1/97     1,297.00     380.41      916.59     30,246.74     35,613.00
  21                      6/1/97     1,297.00     369.22      927.78     29,318.96     34,316.00
  22                      7/1/97     1,297.00     357.90      939.10     28,379.86     33,019.00
  23                      8/1/97     1,297.00     346.43      950.57     27,429.29     31,722.00
  24                      9/1/97     1,297.00     334.83      962.17     26,467.12     30,425.00
  25                     10/1/97     1,297.00     323.08      973.92     25,493.20     29,128.00
  26                     11/1/97     1,297.00     311.19      985.81     24,507.39     27,831.00
  27                     12/1/97     1,297.00     299.16      997.84     23,509.56     26,534.00
  28                      1/1/98     1,297.00     286.98    1,010.02     22,499.54     25,237.00
  29                      2/1/98     1,297.00     274.65    1,022.35     21,477.19     23,940.00
  30                      3/1/98     1,297.00     262.17    1,034.83     20,442.36     22,643.00
  31                      4/1/98     1,297.00     249.54    1,047.46     19,394.90     21,346.00
  32                      5/1/98     1,297.00     236.75    1,060.25     18,334.65     20,049.00
  33                      6/1/98     1,297.00     223.81    1,073.19     17,261.46     18,752.00
  34                      7/1/98     1,297.00     210.71    1,086.29     16,175.17     17,455.00
  35                      8/1/98     1,297.00     197.45    1,099.55     15,075.62     16,158.00
  36                      9/1/98     1,297.00     184.03    1,112.97     13,962.65     14,861.00
  37                     10/1/98     1,297.00     170.44    1,126.56     12,836.09     13,564.00
  38                     11/1/98     1,297.00     156.69    1,140.31     11,695.78     12,267.00
  39                     12/1/98     1,297.00     142.77    1,154.23     10,541.55     10,970.00
  40                      1/1/99     1,297.00     128.68    1,168.32      9,373.23      9,673.00
  41                      2/1/99     1,297.00     114.42    1,182.58      8,190.65      8,376.00
  42                      3/1/99     1,297.00      99.98    1,197.02      6,993.63      7,079.00
  43                      4/1/99     7,079.00      85.37    6,993.63          0.00          -
</TABLE>

<PAGE>   102
Leasehold Management Services
Schedule 02                        Monthly Interest Rate =    1.220%
Amortization schedule

<TABLE>
<CAPTION>
                                                                     PRINCIPAL     REMAINING     REMAINING
PAYMENT #    BORROWINGS      DATE       PAYMENT      INTEREST PAID      PAID       PRINCIPAL     PAYMENTS
---------    ----------      ----       -------      -------------      ----       ---------     --------
<S>          <C>           <C>         <C>           <C>             <C>          <C>            <C>
                                                                                   56,437.03
   1         $56,437.03     12/1/95     1,551.00            -         1,551.00     54,886.03     72,057.00
   2                         1/1/96     1,551.00          669.86        881.14     54,004.89     70,506.00
   3                         2/1/96     1,551.00          659.10        891.90     53,112.99     68,955.00
   4                         3/1/96     1,551.00          648.22        902.78     52,210.21     67,404.00
   5                         4/1/96     1,551.00          637.20        913.80     51,296.41     65,853.00
   6                         5/1/96     1,551.00          626.05        924.95     50,371.46     64,302.00
   7                         6/1/96     1,551.00          614.76        936.24     49,435.22     62,751.00
   8                         7/1/96     1,551.00          603.33        947.67     48,487.56     61,200.00
   9                         8/1/96     1,551.00          591.77        959.23     47,528.33     59,649.00
  10                         9/1/96     1,551.00          580.06        970.94     46,557.39     58,098.00
  11                        10/1/96     1,551.00          568.21        982.79     45,574.60     56,547.00
  12                        11/1/96     1,551.00          556.22        994.78     44,579.82     54,996.00
  13                        12/1/96     1,551.00          544.08      1,006.92     43,572.89     53,445.00
  14                         1/1/97     1,551.00          531.79      1,019.21     42,553.68     51,894.00
  15                         2/1/97     1,551.00          519.35      1,031.65     41,522.03     50,343.00
  16                         3/1/97     1,551.00          506.76      1,044.24     40,477.78     48,792.00
  17                         4/1/97     1,551.00          494.01      1,056.99     39,420.80     47,241.00
  18                         5/1/97     1,551.00          481.11      1,069.89     38,350.91     45,690.00
  19                         6/1/97     1,551.00          468.06      1,082.94     37,267.97     44,139.00
  20                         7/1/97     1,551.00          454.84      1,096.16     36,171.80     42,588.00
  21                         8/1/97     1,551.00          441.46      1,109.54     35,062.26     41,037.00
  22                         9/1/97     1,551.00          427.92      1,123.08     33,939.18     39,486.00
  23                        10/1/97     1,551.00          414.21      1,136.79     32,802.39     37,935.00
  24                        11/1/97     1,551.00          400.34      1,150.66     31,651.73     36,384.00
  25                        12/1/97     1,551.00          386.29      1,164.71     30,487.03     34,833.00
  26                         1/1/98     1,551.00          372.08      1,178.92     29,308.11     33,282.00
  27                         2/1/98     1,551.00          357.69      1,193.31     28,114.80     31,731.00
  28                         3/1/98     1,551.00          343.13      1,207.87     26,906.93     30,180.00
  29                         4/1/98     1,551.00          328.39      1,222.61     25,684.31     28,629.00
  30                         5/1/98     1,551.00          313.47      1,237.53     24,446.78     27,078.00
  31                         6/1/98     1,551.00          298.36      1,252.64     23,194.14     25,527.00
  32                         7/1/98     1,551.00          283.07      1,267.93     21,926.22     23,976.00
  33                         8/1/98     1,551.00          267.60      1,283.40     20,642.81     22,425.00
  34                         9/1/98     1,551.00          251.94      1,299.06     19,343.75     20,874.00
  35                        10/1/98     1,551.00          236.08      1,314.92     18,028.83     19,323.00
  36                        11/1/98     1,551.00          220.03      1,330.97     16,697.87     17,772.00
  37                        12/1/98     1,551.00          203.79      1,347.21     15,350.66     16,221.00
  38                         1/1/99     1,551.00          187.35      1,363.65     13,987.00     14,670.00
  39                         2/1/99     1,551.00          170.70      1,380.30     12,606.71     13,119.00
  40                         3/1/99     1,551.00          153.86      1,397.14     11,209.57     11,568.00
  41                         4/1/99     1,551.00          136.81      1,414.19      9,795.38     10,017.00
  42                         5/1/99     1,551.00          119.55      1,431.45      8,363.92      8,466.00
  43                         6/1/99     8,466.00          102.08      8,363.92          0.00          -
</TABLE>

<PAGE>   103
Leasehold Management Services
Schedule 03                    Monthly Interest Rate =       1.194%
Amortization schedule

<TABLE>
<CAPTION>
                                                INTEREST    PRINCIPAL    REMAINING     REMAINING
PAYMENT #   BORROWINGS    DATE       PAYMENT      PAID        PAID       PRINCIPAL     PAYMENTS
---------   ----------    ----       -------    --------    ---------    ---------     ---------
<S>         <C>          <C>        <C>         <C>        <C>         <C>            <C>
                                                                        105,426.86
    1       $105,426.86   1/1/96     2,880.00        -      2,880.00    102,546.86    133,894.00
    2                     2/1/96     2,880.00    1,224.35   1,655.65    100,891.21    131,014.00
    3                     3/1/96     2,880.00    1,204.58   1,675.42     99,215.79    128,134.00
    4                     4/1/96     2,880.00    1,184.58   1,695.42     97,520.37    125,254.00
    5                     5/1/96     2,880.00    1,164.34   1,715.66     95,804.70    122,374.00
    6                     6/1/96     2,880.00    1,143.85   1,736.15     94,068.55    119,494.00
    7                     7/1/96     2,880.00    1,123.12   1,756.88     92,311.68    116,614.00
    8                     8/1/96     2,880.00    1,102.15   1,777.85     90,533.82    113,734.00
    9                     9/1/96     2,880.00    1,080.92   1,799.08     88,734.74    110,854.00
   10                    10/1/96     2,880.00    1,059.44   1,820.56     86,914.18    107,974.00
   11                    11/1/96     2,880.00    1,037.70   1,842.30     85,071.89    105,094.00
   12                    12/1/96     2,880.00    1,015.71   1,864.29     83,207.59    102,214.00
   13                     1/1/97     2,880.00      993.45   1,886.55     81,321.04     99,334.00
   14                     2/1/97     2,880.00      970.92   1,909.08     79,411.97     96,454.00
   15                     3/1/97     2,880.00      948.13   1,931.87     77,480.10     93,574.00
   16                     4/1/97     2,880.00      925.07   1,954.93     75,525.17     90,694.00
   17                     5/1/97     2,880.00      901.73   1,978.27     73,546.89     87,814.00
   18                     6/1/97     2,880.00      878.11   2,001.89     71,545.00     84,934.00
   19                     7/1/97     2,880.00      854.20   2,025.80     69,519.20     82,054.00
   20                     8/1/97     2,880.00      830.02   2,049.98     67,469.22     79,174.00
   21                     9/1/97     2,880.00      805.54   2,074.46     65,394.76     76,294.00
   22                    10/1/97     2,880.00      780.77   2,099.23     63,295.54     73,414.00
   23                    11/1/97     2,880.00      755.71   2,124.29     61,171.25     70,534.00
   24                    12/1/97     2,880.00      730.35   2,149.65     59,021.60     67,654.00
   25                     1/1/98     2,880.00      704.68   2,175.32     56,846.28     64,774.00
   26                     2/1/98     2,880.00      678.71   2,201.29     54,644.99     61,894.00
   27                     3/1/98     2,880.00      652.43   2,227.57     52,417.42     59,014.00
   28                     4/1/98     2,880.00      625.83   2,254.17     50,163.25     56,134.00
   29                     5/1/98     2,880.00      598.92   2,281.08     47,882.17     53,254.00
   30                     6/1/98     2,880.00      571.68   2,308.32     45,573.86     50,374.00
   31                     7/1/98     2,880.00      544.12   2,335.88     43,237.98     47,494.00
   32                     8/1/98     2,880.00      516.24   2,363.76     40,874.22     44,614.00
   33                     9/1/98     2,880.00      488.01   2,391.99     38,482.23     41,734.00
   34                    10/1/98     2,880.00      459.45   2,420.55     36,061.69     38,854.00
   35                    11/1/98     2,880.00      430.56   2,449.44     33,612.24     35,974.00
   36                    12/1/98     2,880.00      401.31   2,478.69     31,133.55     33,094.00
   37                     1/1/99     2,880.00      371.72   2,508.28     28,625.27     30,214.00
   38                     2/1/99     2,880.00      341.77   2,538.23     26,087.04     27,334.00
   39                     3/1/99     2,880.00      311.46   2,568.54     23,518.50     24,454.00
   40                     4/1/99     2,880.00      280.80   2,599.20     20,919.30     21,574.00
   41                     5/1/99     2,880.00      249.76   2,630.24     18,289.06     18,694.00
   42                     6/1/99     2,880.00      218.36   2,661.64     15,627.42     15,814.00
   43                     7/1/99    15,814.00      186.58  15,627.42          0.00          -
</TABLE>

<PAGE>   104
Leasehold Management Services
Schedule 04                     Monthly Interest Rate =        1.193%
Amortization schedule

<TABLE>
<CAPTION>
                                              INTEREST   PRINCIPAL     REMAINING      REMAINING
PAYMENT #   BORROWINGS     DATE     PAYMENT     PAID       PAID        PRINCIPAL      PAYMENTS
---------   ----------     ----     -------     ----       ----        ---------      --------
<S>         <C>           <C>      <C>        <C>        <C>          <C>            <C>
                                                                      138,474.53
    1       $138,474.53    1/1/96   4,161.00       -     4,161.00     134,313.53     170,602.00
    2                      2/1/96   4,161.00   1,601.89  2,559.11     131,754.42     166,441.00
    3                      3/1/96   4,161.00   1,571.37  2,589.63     129,164.80     162,280.00
    4                      4/1/96   4,161.00   1,540.49  2,620.51     126,544.29     158,119.00
    5                      5/1/96   4,161.00   1,509.23  2,651.77     123,892.52     153,958.00
    6                      6/1/96   4,161.00   1,477.61  2,683.39     121,209.13     149,797.00
    7                      7/1/96   4,161.00   1,445.60  2,715.40     118,493.73     145,636.00
    8                      8/1/96   4,161.00   1,413.22  2,747.78     115,745.95     141,475.00
    9                      9/1/96   4,161.00   1,380.45  2,780.55     112,965.40     137,314.00
   10                     10/1/96   4,161.00   1,347.29  2,813.71     110,151.68     133,153.00
   11                     11/1/96   4,161.00   1,313.73  2,847.27     107,304.41     128,992.00
   12                     12/1/96   4,161.00   1,279.77  2,881.23     104,423.18     124,831.00
   13                      1/1/97   4,161.00   1,245.41  2,915.59     101,507.59     120,670.00
   14                      2/1/97   4,161.00   1,210.63  2,950.37      98,557.22     116,509.00
   15                      3/1/97   4,161.00   1,175.45  2,985.55      95,571.67     112,348.00
   16                      4/1/97   4,161.00   1,139.84  3,021.16      92,550.50     108,187.00
   17                      5/1/97   4,161.00   1,103.81  3,057.19      89,493.31     104,026.00
   18                      6/1/97   4,161.00   1,067.34  3,093.66      86,399.65      99,865.00
   19                      7/1/97   4,161.00   1,030.45  3,130.55      83,269.10      95,704.00
   20                      8/1/97   4,161.00     993.11  3,167.89      80,101.21      91,543.00
   21                      9/1/97   4,161.00     955.33  3,205.67      76,895.54      87,382.00
   22                     10/1/97   4,161.00     917.10  3,243.90      73,651.64      83,221.00
   23                     11/1/97   4,161.00     878.41  3,282.59      70,369.05      79,060.00
   24                     12/1/97   4,161.00     839.26  3,321.74      67,047.31      74,899.00
   25                      1/1/98   4,161.00     799.64  3,361.36      63,685.95      70,738.00
   26                      2/1/98   4,161.00     759.55  3,401.45      60,284.50      66,577.00
   27                      3/1/98   4,161.00     718.98  3,442.02      56,842.49      62,416.00
   28                      4/1/98   4,161.00     677.93  3,483.07      53,359.42      58,255.00
   29                      5/1/98   4,161.00     636.39  3,524.61      49,834.81      54,094.00
   30                      6/1/98   4,161.00     594.36  3,566.64      46,268.17      49,933.00
   31                      7/1/98   4,161.00     551.82  3,609.18      42,658.99      45,772.00
   32                      8/1/98   4,161.00     508.77  3,652.23      39,006.76      41,611.00
   33                      9/1/98   4,161.00     465.22  3,695.78      35,310.98      37,450.00
   34                     10/1/98   4,161.00     421.14  3,739.86      31,571.11      33,289.00
   35                     11/1/98   4,161.00     376.53  3,784.47      27,786.65      29,128.00
   36                     12/1/98   4,161.00     331.40  3,829.60      23,957.05      24,967.00
   37                      1/1/99   4,161.00     285.72  3,875.28      20,081.77      20,806.00
   38                      2/1/99   4,161.00     239.51  3,921.49      16,160.28      16,645.00
   39                      3/1/99   4,161.00     192.74  3,968.26      12,192.01      12,484.00
   40                      4/1/99   4,161.00     145.41  4,015.59       8,176.42       8,323.00
   41                      5/1/99   4,161.00      97.52  4,063.48       4,112.94       4,162.00
   42                      6/1/99   4,161.00      49.05  4,111.95           0.99           1.00
   43                      7/1/99       1.00       0.01      0.99           0.00
</TABLE>

<PAGE>   105
Leasehold Management Services
Schedule 05                     Monthly Interest Rate =  1.195%
Amortization schedule

<TABLE>
<CAPTION>
                                                  INTEREST    PRINCIPAL    REMAINING     REMAINING
PAYMENT #    BORROWINGS     DATE         PAYMENT    PAID        PAID       PRINCIPAL     PAYMENTS
---------    ----------     ----         -------    ----        ----       ---------     --------
<S>          <C>           <C>         <C>        <C>        <C>          <C>           <C>
                                                                          27,156.20
     1       $27,156.20     3/1/96       742.00      -         742.00     26,414.20     34,495.00
     2                      4/1/96       742.00    315.61      426.39     25,987.81     33,753.00
     3                      5/1/96       742.00    310.51      431.49     25,556.32     33,011.00
     4                      6/1/96       742.00    305.36      436.64     25,119.68     32,269.00
     5                      7/1/96       742.00    300.14      441.86     24,677.82     31,527.00
     6                      8/1/96       742.00    294.86      447.14     24,230.68     30,785.00
     7                      9/1/96       742.00    289.52      452.48     23,778.20     30,043.00
     8                     10/1/96       742.00    284.11      457.89     23,320.32     29,301.00
     9                     11/1/96       742.00    278.64      463.36     22,856.96     28,559.00
    10                     12/1/96       742.00    273.11      468.89     22,388.06     27,817.00
    11                      1/1/97       742.00    267.50      474.50     21,913.57     27,075.00
    12                      2/1/97       742.00    261.83      480.17     21,433.40     26,333.00
    13                      3/1/97       742.00    256.10      485.90     20,947.49     25,591.00
    14                      4/1/97       742.00    250.29      491.71     20,455.78     24,849.00
    15                      5/1/97       742.00    244.41      497.59     19,958.20     24,107.00
    16                      6/1/97       742.00    238.47      503.53     19,454.67     23,365.00
    17                      7/1/97       742.00    232.45      509.55     18,945.12     22,623.00
    18                      8/1/97       742.00    226.36      515.64     18,429.49     21,881.00
    19                      9/1/97       742.00    220.20      521.80     17,907.69     21,139.00
    20                     10/1/97       742.00    213.97      528.03     17,379.66     20,397.00
    21                     11/1/97       742.00    207.66      534.34     16,845.32     19,655.00
    22                     12/1/97       742.00    201.28      540.72     16,304.60     18,913.00
    23                      1/1/98       742.00    194.81      547.19     15,757.41     18,171.00
    24                      2/1/98       742.00    188.28      553.72     15,203.69     17,429.00
    25                      3/1/98       742.00    181.66      560.34     14,643.35     16,687.00
    26                      4/1/98       742.00    174.97      567.03     14,076.31     15,945.00
    27                      5/1/98       742.00    168.19      573.81     13,502.50     15,203.00
    28                      6/1/98       742.00    161.33      580.67     12,921.84     14,461.00
    29                      7/1/98       742.00    154.40      587.60     12,334.23     13,719.00
    30                      8/1/98       742.00    147.37      594.63     11,739.61     12,977.00
    31                      9/1/98       742.00    140.27      601.73     11,137.88     12,235.00
    32                     10/1/98       742.00    133.08      608.92     10,528.96     11,493.00
    33                     11/1/98       742.00    125.80      616.20      9,912.76     10,751.00
    34                     12/1/98       742.00    118.44      623.56      9,289.20     10,009.00
    35                      1/1/99       742.00    110.99      631.01      8,658.20      9,267.00
    36                      2/1/99       742.00    103.45      638.55      8,019.65      8,525.00
    37                      3/1/99       742.00     95.82      646.18      7,373.47      7,783.00
    38                      4/1/99       742.00     88.10      653.90      6,719.57      7,041.00
    39                      5/1/99       742.00     80.29      661.71      6,057.86      6,299.00
    40                      6/1/99       742.00     72.38      669.62      5,388.24      5,557.00
    41                      7/1/99       742.00     64.38      677.62      4,710.62      4,815.00
    42                      8/1/99       742.00     56.28      685.72      4,024.91      4,073.00
    43                      9/1/99     4,073.00     48.09    4,024.91          0.00
</TABLE>

<PAGE>   106
Leasehold Management Services
Schedule 06                     Monthly Interest Rate =    1.242%
Amortization schedule

<TABLE>
<CAPTION>
                                                 INTEREST       PRINCIPAL   REMAINING    REMAINING
PAYMENT #   BORROWINGS     DATE     PAYMENT         PAID           PAID      PRINCIPAL    PAYMENTS
---------   ----------     ----    ---------        ----           ----      ---------    --------
<S>         <C>          <C>       <C>           <C>            <C>        <C>           <C>
                                                                            84,264.82
    1       $84,264.82    8/1/96    2,327.00           -         2,327.00   81,937.82    108,047.00
    2                     9/1/96    2,327.00       1,017.58      1,309.42   80,628.40    105,720.00
    3                    10/1/96    2,327.00       1,001.31      1,325.69   79,302.71    103,393.00
    4                    11/1/96    2,327.00         984.85      1,342.15   77,960.56    101,066.00
    5                    12/1/96    2,327.00         968.18      1,358.82   76,601.74     98,739.00
    6                     1/1/97    2,327.00         951.31      1,375.69   75,226.05     96,412.00
    7                     2/1/97    2,327.00         934.22      1,392.78   73,833.27     94,085.00
    8                     3/1/97    2,327.00         916.93      1,410.07   72,423.20     91,758.00
    9                     4/1/97    2,327.00         899.41      1,427.59   70,995.61     89,431.00
   10                     5/1/97    2,327.00         881.69      1,445.31   69,550.30     87,104.00
   11                     6/1/97    2,327.00         863.74      1,463.26   68,087.04     84,777.00
   12                     7/1/97    2,327.00         845.56      1,481.44   66,605.60     82,450.00
   13                     8/1/97    2,327.00         827.17      1,499.83   65,105.77     80,123.00
   14                     9/1/97    2,327.00         808.54      1,518.46   63,587.31     77,796.00
   15                    10/1/97    2,327.00         789.68      1,537.32   62,049.99     75,469.00
   16                    11/1/97    2,327.00         770.59      1,556.41   60,493.58     73,142.00
   17                    12/1/97    2,327.00         751.26      1,575.74   58,917.84     70,815.00
   18                     1/1/98    2,327.00         731.69      1,595.31   57,322.54     68,488.00
   19                     2/1/98    2,327.00         711.88      1,615.12   55,707.42     66,161.00
   20                     3/1/98    2,327.00         691.82      1,635.18   54,072.24     63,834.00
   21                     4/1/98    2,327.00         671.52      1,655.48   52,416.76     61,507.00
   22                     5/1/98    2,327.00         650.96      1,676.04   50,740.72     59,180.00
   23                     6/1/98    2,327.00         630.14      1,696.86   49,043.86     56,853.00
   24                     7/1/98    2,327.00         609.07      1,717.93   47,325.93     54,526.00
   25                     8/1/98    2,327.00         587.73      1,739.27   45,586.66     52,199.00
   26                     9/1/98    2,327.00         566.14      1,760.86   43,825.80     49,872.00
   27                    10/1/98    2,327.00         544.27      1,782.73   42,043.06     47,545.00
   28                    11/1/98    2,327.00         522.13      1,804.87   40,238.19     45,218.00
   29                    12/1/98    2,327.00         499.71      1,827.29   38,410.90     42,891.00
   30                     1/1/99    2,327.00         477.02      1,849.98   36,560.92     40,564.00
   31                     2/1/99    2,327.00         454.05      1,872.95   34,687.97     38,237.00
   32                     3/1/99    2,327.00         430.79      1,896.21   32,791.76     35,910.00
   33                     4/1/99    2,327.00         407.24      1,919.76   30,871.99     33,583.00
   34                     5/1/99    2,327.00         383.40      1,943.60   28,928.39     31,256.00
   35                     6/1/99    2,327.00         359.26      1,967.74   26,960.65     28,929.00
   36                     7/1/99    2,327.00         334.82      1,992.18   24,968.47     26,602.00
   37                     8/1/99    2,327.00         310.08      2,016.92   22,951.55     24,275.00
   38                     9/1/99    2,327.00         285.03      2,041.97   20,909.58     21,948.00
   39                    10/1/99    2,327.00         259.67      2,067.33   18,842.25     19,621.00
   40                    11/1/99    2,327.00         234.00      2,093.00   16,749.25     17,294.00
   41                    12/1/99    2,327.00         208.01      2,118.99   14,630.26     14,967.00
   42                     1/1/00    2,327.00         181.69      2,145.31   12,484.95     12,640.00
   43                     2/1/00   12,640.00         155.05     12,484.95        0.00
</TABLE>

<PAGE>   107
Leasehold Management Services
Schedule 07                     Monthly Interest Rate =     1.238%
Amortization schedule

<TABLE>
<CAPTION>
                                                 INTEREST    PRINCIPAL   REMAINING     REMAINING
PAYMENT #   BORROWINGS      DATE      PAYMENT      PAID        PAID      PRINCIPAL     PAYMENTS
---------   ----------      ----     ---------     ----        ----      ---------     --------
<S>         <C>           <C>        <C>         <C>        <C>          <C>          <C>
                                                                         85,416.00
    1       $85,416.00     10/1/96    2,357.00        -      2,357.00    83,059.00    109,449.00
    2                      11/1/96    2,357.00    1,028.68   1,328.32    81,730.68    107,092.00
    3                      12/1/96    2,357.00    1,012.23   1,344.77    80,385.91    104,735.00
    4                       1/1/97    2,357.00      995.58   1,361.42    79,024.49    102,378.00
    5                       2/1/97    2,357.00      978.72   1,378.28    77,646.21    100,021.00
    6                       3/1/97    2,357.00      961.65   1,395.35    76,250.85     97,664.00
    7                       4/1/97    2,357.00      944.36   1,412.64    74,838.21     95,307.00
    8                       5/1/97    2,357.00      926.87   1,430.13    73,408.08     92,950.00
    9                       6/1/97    2,357.00      909.16   1,447.84    71,960.24     90,593.00
   10                       7/1/97    2,357.00      891.22   1,465.78    70,494.46     88,236.00
   11                       8/1/97    2,357.00      873.07   1,483.93    69,010.53     85,879.00
   12                       9/1/97    2,357.00      854.69   1,502.31    67,508.23     83,522.00
   13                      10/1/97    2,357.00      836.09   1,520.91    65,987.31     81,165.00
   14                      11/1/97    2,357.00      817.25   1,539.75    64,447.56     78,808.00
   15                      12/1/97    2,357.00      798.18   1,558.82    62,888.75     76,451.00
   16                       1/1/98    2,357.00      778.87   1,578.13    61,310.62     74,094.00
   17                       2/1/98    2,357.00      759.33   1,597.67    59,712.95     71,737.00
   18                       3/1/98    2,357.00      739.54   1,617.46    58,095.49     69,380.00
   19                       4/1/98    2,357.00      719.51   1,637.49    56,458.00     67,023.00
   20                       5/1/98    2,357.00      699.23   1,657.77    54,800.23     64,666.00
   21                       6/1/98    2,357.00      678.70   1,678.30    53,121.93     62,309.00
   22                       7/1/98    2,357.00      657.91   1,699.09    51,422.84     59,952.00
   23                       8/1/98    2,357.00      636.87   1,720.13    49,702.71     57,595.00
   24                       9/1/98    2,357.00      615.57   1,741.43    47,961.28     55,238.00
   25                      10/1/98    2,357.00      594.00   1,763.00    46,198.28     52,881.00
   26                      11/1/98    2,357.00      572.16   1,784.84    44,413.44     50,524.00
   27                      12/1/98    2,357.00      550.06   1,806.94    42,606.50     48,167.00
   28                       1/1/99    2,357.00      527.68   1,829.32    40,777.18     45,810.00
   29                       2/1/99    2,357.00      505.02   1,851.98    38,925.21     43,453.00
   30                       3/1/99    2,357.00      482.09   1,874.91    37,050.29     41,096.00
   31                       4/1/99    2,357.00      458.87   1,898.13    35,152.16     38,739.00
   32                       5/1/99    2,357.00      435.36   1,921.64    33,230.52     36,382.00
   33                       6/1/99    2,357.00      411.56   1,945.44    31,285.08     34,025.00
   34                       7/1/99    2,357.00      387.46   1,969.54    29,315.54     31,668.00
   35                       8/1/99    2,357.00      363.07   1,993.93    27,321.61     29,311.00
   36                       9/1/99    2,357.00      338.38   2,018.62    25,302.99     26,954.00
   37                      10/1/99    2,357.00      313.38   2,043.62    23,259.37     24,597.00
   38                      11/1/99    2,357.00      288.07   2,068.93    21,190.43     22,240.00
   39                      12/1/99    2,357.00      262.44   2,094.56    19,095.87     19,883.00
   40                       1/1/00    2,357.00      236.50   2,120.50    16,975.38     17,526.00
   41                       2/1/00    2,357.00      210.24   2,146.76    14,828.62     15,169.00
   42                       3/1/00    2,357.00      183.65   2,173.35    12,655.27     12,812.00
   43                       4/1/00   12,812.00      156.73  12,655.27         0.00
</TABLE>

<PAGE>   108
Leasehold Management Services
Schedule 08                     Monthly Interest Rate =        1.220%
Amortization schedule

<TABLE>
<CAPTION>
                                                 INTEREST   PRINCIPAL   REMAINING     REMAINING
PAYMENT #    BORROWINGS       DATE     PAYMENT     PAID       PAID      PRINCIPAL     PAYMENTS
---------    ----------       ----     -------     ----       ----      ---------     --------
<S>          <C>            <C>        <C>       <C>        <C>         <C>           <C>
                                                                        48,249.85
     1       $48,249.85     12/1/96    1,326.00      -      1,326.00    46,923.85     61,603.00
     2                       1/1/97    1,326.00    572.66     753.34    46,170.51     60,277.00
     3                       2/1/97    1,326.00    563.47     762.53    45,407.97     58,951.00
     4                       3/1/97    1,326.00    554.16     771.84    44,636.13     57,625.00
     5                       4/1/97    1,326.00    544.74     781.26    43,854.87     56,299.00
     6                       5/1/97    1,326.00    535.21     790.79    43,064.08     54,973.00
     7                       6/1/97    1,326.00    525.55     800.45    42,263.63     53,647.00
     8                       7/1/97    1,326.00    515.79     810.21    41,453.42     52,321.00
     9                       8/1/97    1,326.00    505.90     820.10    40,633.32     50,995.00
    10                       9/1/97    1,326.00    495.89     830.11    39,803.21     49,669.00
    11                      10/1/97    1,326.00    485.76     840.24    38,962.97     48,343.00
    12                      11/1/97    1,326.00    475.50     850.50    38,112.47     47,017.00
    13                      12/1/97    1,326.00    465.13     860.87    37,251.60     45,691.00
    14                       1/1/98    1,326.00    454.62     871.38    36,380.21     44,365.00
    15                       2/1/98    1,326.00    443.98     882.02    35,498.20     43,039.00
    16                       3/1/98    1,326.00    433.22     892.78    34,605.42     41,713.00
    17                       4/1/98    1,326.00    422.32     903.68    33,701.74     40,387.00
    18                       5/1/98    1,326.00    411.30     914.70    32,787.04     39,061.00
    19                       6/1/98    1,326.00    400.13     925.87    31,861.17     37,735.00
    20                       7/1/98    1,326.00    388.83     937.17    30,924.01     36,409.00
    21                       8/1/98    1,326.00    377.40     948.60    29,975.41     35,083.00
    22                       9/1/98    1,326.00    365.82     960.18    29,015.23     33,757.00
    23                      10/1/98    1,326.00    354.10     971.90    28,043.33     32,431.00
    24                      11/1/98    1,326.00    342.24     983.76    27,059.57     31,105.00
    25                      12/1/98    1,326.00    330.24     995.76    26,063.80     29,779.00
    26                       1/1/99    1,326.00    318.08   1,007.92    25,055.89     28,453.00
    27                       2/1/99    1,326.00    305.78   1,020.22    24,035.67     27,127.00
    28                       3/1/99    1,326.00    293.33   1,032.67    23,003.00     25,801.00
    29                       4/1/99    1,326.00    280.73   1,045.27    21,957.73     24,475.00
    30                       5/1/99    1,326.00    267.97   1,058.03    20,899.70     23,149.00
    31                       6/1/99    1,326.00    255.06   1,070.94    19,828.76     21,823.00
    32                       7/1/99    1,326.00    241.99   1,084.01    18,744.75     20,497.00
    33                       8/1/99    1,326.00    228.76   1,097.24    17,647.51     19,171.00
    34                       9/1/99    1,326.00    215.37   1,110.63    16,536.88     17,845.00
    35                      10/1/99    1,326.00    201.82   1,124.18    15,412.70     16,519.00
    36                      11/1/99    1,326.00    188.10   1,137.90    14,274.80     15,193.00
    37                      12/1/99    1,326.00    174.21   1,151.79    13,123.01     13,867.00
    38                       1/1/00    1,326.00    160.15   1,165.85    11,957.16     12,541.00
    39                       2/1/00    1,326.00    145.93   1,180.07    10,777.09     11,215.00
    40                       3/1/00    1,326.00    131.52   1,194.48     9,582.61       9889.00
    41                       4/1/00    1,326.00    116.95   1,209.05     8,373.56      8,563.00
    42                       5/1/00    1,326.00    102.19   1,223.81     7,149.75      7,237.00
    43                       6/1/00    7,237.00     87.26   7,149.74         0.00          -
</TABLE>

<PAGE>   109
Leasehold Management Services
Schedule 09                     Monthly Interest Rate =    1.225%
Amortization schedule

<TABLE>
<CAPTION>
                                             INTEREST    PRINCIPAL     REMAINING    REMAINING
PAYMENT #   BORROWINGS    DATE     PAYMENT      PAID        PAID        PRINCIPAL    PAYMENTS
---------   ----------    ----     -------      ----        ----        ---------    --------
<S>         <C>          <C>       <C>       <C>        <C>           <C>          <C>
                                                                      38,059.55
    1       $38,059.55    3/1/97   1,047.00      -      1,047.00      37,012.55    48,636.00
    2                     4/1/97   1,047.00    453.36     593.64      36,418.91    47,589.00
    3                     5/1/97   1,047.00    446.08     600.92      35,817.99    46,542.00
    4                     6/1/97   1,047.00    438.72     608.28      35,209.72    45,495.00
    5                     7/1/97   1,047.00    431.27     615.73      34,593.99    44,448.00
    6                     8/1/97   1,047.00    423.73     623.27      33,970.72    43,401.00
    7                     9/1/97   1,047.00    416.10     630.90      33,339.82    42,354.00
    8                    10/1/97   1,047.00    408.37     638.63      32,701.19    41,307.00
    9                    11/1/97   1,047.00    400.55     646.45      32,054.74    40,260.00
   10                    12/1/97   1,047.00    392.63     654.37      31,400.37    39,213.00
   11                     1/1/98   1,047.00    384.61     662.39      30,737.98    38,166.00
   12                     2/1/98   1,047.00    376.50     670.50      30,067.48    37,119.00
   13                     3/1/98   1,047.00    368.29     678.71      29,388.77    36,072.00
   14                     4/1/98   1,047.00    359.97     687.03      28,701.74    35,025.00
   15                     5/1/98   1,047.00    351.56     695.44      28,006.30    33,978.00
   16                     6/1/98   1,047.00    343.04     703.96      27,302.34    32,931.00
   17                     7/1/98   1,047.00    334.42     712.58      26,589.76    31,884.00
   18                     8/1/98   1,047.00    325.69     721.31      25,868.45    30,837.00
   19                     9/1/98   1,047.00    316.86     730.14      25,138.31    29,790.00
   20                    10/1/98   1,047.00    307.91     739.09      24,399.22    28,743.00
   21                    11/1/98   1,047.00    298.86     748.14      23,651.08    27,696.00
   22                    12/1/98   1,047.00    289.70     757.30      22,893.78    26,649.00
   23                     1/1/99   1,047.00    280.42     766.58      22,127.20    25,602.00
   24                     2/1/99   1,047.00    271.03     775.97      21,351.22    24,555.00
   25                     3/1/99   1,047.00    261.53     785.47      20,565.75    23,508.00
   26                     4/1/99   1,047.00    251.90     795.10      19,770.65    22,461.00
   27                     5/1/99   1,047.00    242.17     804.83      18,965.82    21,414.00
   28                     6/1/99   1,047.00    232.31     814.69      18,151.13    20,367.00
   29                     7/1/99   1,047.00    222.33     824.67      17,326.45    19,320.00
   30                     8/1/99   1,047.00    212.23     834.77      16,491.68    18,273.00
   31                     9/1/99   1,047.00    202.00     845.00      15,646.68    17,226.00
   32                    10/1/99   1,047.00    191.65     855.35      14,791.33    16,179.00
   33                    11/1/99   1,047.00    181.17     865.83      13,925.51    15,132.00
   34                    12/1/99   1,047.00    170.57     876.43      13,049.08    14,085.00
   35                     1/1/00   1,047.00    159.83     887.17      12,161.91    13,038.00
   36                     2/1/00   1,047.00    148.97     898.03      11,263.88    11,991.00
   37                     3/1/00   1,047.00    137.97     909.03      10,354.85    10,944.00
   38                     4/1/00   1,047.00    126.83     920.17       9,434.68     9,897.00
   39                     5/1/00   1,047.00    115.56     931.44       8,503.25     8,850.00
   40                     6/1/00   1,047.00    104.15     942.85       7,560.40     7,803.00
   41                     7/1/00   1,047.00     92.61     954.39       6,606.00     6,756.00
   42                     8/1/00   1,047.00     80.92     966.08       5,639.92     5,709.00
   43                     9/1/00   5,709.00     69.08   5,639.92           0.00
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00012-of-00352.parquet"}]]