PARTIAL RELEASE OF MORTGAGE
IGI, Inc., a Delaware Corporation, as Mortgagor (hereinafter referred to as the "Mortgagor") by a Opened-
Ended Mortgage, Security Agreement and Assignment of Leases and Rents dated October 29, 1999, and
recorded on November 4, 1999 in the Office of the County Recorder of Atlantic County, New Jersey, in
Mortgage Book 7182, Page 312 (hereinafter referred to as the "Mortgage"), granted and conveyed to American
Capital Strategies, Ltd., a Delaware Corporation, its successors and assigns (hereinafter referred to as the
"Mortgagee"), each and all of the premises described in the Mortgage (hereinafter referred to as the "Mortgaged
Property"), to secure payment for any and all indebtedness incurred by Mortgagor under, pursuant to, evidenced
by, in conjunction with and/or as otherwise provided for by the terms of a certain Note and Equity Purchase
Agreement dated October 29, 1999, between Mortgagor and Mortgagee (hereinafter referred to as the
"Purchase Agreement"), as well as any and all obligations of Mortgagor under, by, pursuant to, arising from
and/or otherwise evidenced by the Purchase Agreement, the Mortgage and/or any and all other documents as
executed by Mortgagor in accordance with the terms thereof.
Mortgagee has agreed at Mortgagor's request to release a part of the Mortgaged Property from the lien of the
Mortgage, and Mortgagor requests the Mortgagee to release form the lien of the Mortgage that portion of the
Mortgaged Property specifically described in Schedule A annexed hereto.
In consideration of the sum of $10.00, as well as other good and valuable consideration, the receipt and
sufficiency of which is acknowledged, Mortgagee releases to the Mortgagor, its successors and assigns, all that
premises described in Schedule A annexed hereto, together with all improvements, privileges, rights, easements
and appurtenances thereto, from the lien of the Mortgage and from any and all covenants, interests and/or rights
created by the Mortgage.