RELEASE AGREEMENT

THIS RELEASE AGREEMENT, dated as of January 18, 2013, is made by INVACARE CORPORATION, an Ohio corporation (the "Company") and the other Borrowers set forth on the signature page hereof, and PNC BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as administrative agent (in such capacity, the "Administrative Agent") for the Lenders (as herein defined).

A.    Reference is made to that certain Credit Agreement dated as of October 28, 2010, by and among the Company, the other Borrowers (as therein defined), the Guarantors (as therein defined), the Lenders (as therein defined), and the Administrative Agent, as amended by that certain First Amendment to Credit Agreement, dated as of April 5, 2011, that certain Second Amendment to Credit Agreement, dated as of November 22, 2011, and that certain Third Amendment to Credit Agreement, dated as of June 7, 2012 (as the same may be further amended, restated, modified or supplemented, the "Credit Agreement"). Capitalized terms used herein that are not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement.

B.    The Company owns 100% of the capital stock (the "Capital Stock") of Invacare Supply Group, Inc., a Massachusetts corporation (referred to herein as the "Released Party").

C.    In connection with the Credit Agreement, the Released Party has (i) guaranteed to the Administrative Agent, for the ratable benefit of the Lenders, the payment and performance of the Guarantied Obligations (as defined in the Guaranty Agreement), (ii) granted to the Administrative Agent, for the ratable benefit of the Lenders, a security interest in its right, title and interest in the Collateral, and (iii) consented to the pledge of its equity interests to the Administrative Agent, for the ratable benefit of the Lenders.

D.    The Company desires to sell the Capital Stock to AssuraMed Group, Inc., a Delaware corporation (the "Buyer"), and Buyer desires to purchase the Capital Stock from the Company (the "Sale") pursuant to the terms and conditions of that certain Share Purchase Agreement dated December 21, 2012, among the Company, the Released Party and the Buyer (as successor-by-assignment to AssuraMed, Inc.).

E.    Section 10.10 of the Credit Agreement provides that the Lenders and the Issuing Lenders authorize the Administrative Agent to release any Collateral or any Guarantor in connection with a transaction permitted by Section 8.2.7 [Disposition of Assets or Subsidiaries] of the Credit Agreement.

F.    The Borrowers and the Released Party hereby request that the Released Party be released from its obligations under the Guaranty Agreement and the other Loan Documents and that the Company's pledge of the Capital Stock of the Released Party be released as collateral under the Pledge Agreement.

1.The Borrowers hereby represent and warrant that (a) the Sale is permitted, without the consent of the Lenders, pursuant to of Section 8.2.7(viii) [Sale of Assets] of the Credit Agreement since the Sale, together with any other disposition of assets in fiscal year 2013 prior to the Effective Date (as herein defined), will be in an aggregate amount not to exceed ten percent (10%) of the Consolidated Total Assets and (b) the Release has been duly authorized, executed and delivered and constitutes the legal, valid and binding obligation of the Borrowers enforceable in accordance with its terms. The Borrowers covenant that the after‑tax proceeds of the Sale (as reasonably estimated by the Borrowers) will be applied as a mandatory prepayment of the Loans in accordance with and to the extent required by the provisions of Section 5.7.1 [Sale of Assets] of the Credit Agreement.

2.Upon the Effective Date, without any further action by any party, (i) the Released Party shall be deemed to be unconditionally and irrevocably released as a Guarantor, (ii) the guaranty made by the Released Party pursuant to the Guaranty Agreement shall be deemed to be terminated and of no further force or effect, (iii) the Lien on the assets of the Released Party granted to the Administrative Agent for the ratable benefit of the Lenders shall be deemed to be terminated, (iv) the pledge of the Capital Stock made by the Company to the Administrative Agent for the ratable benefit of the Lenders shall be deemed to

be released as collateral from the Pledge Agreement, and (v) except as otherwise set forth herein, the Released Party shall be deemed to be relieved of any and all obligations or liabilities whatsoever under the Guaranty Agreement, any Security Document (as defined herein) and any other Loan Document. "Security Documents" as used herein shall mean, collectively, the Security Agreement, the Patent, Trademark and Copyright Security Agreement and the Pledge Agreement. In furtherance of the foregoing, the Administrative Agent will, after the Effective Date, file all Uniform Commercial Code termination statements and other documents as are necessary to effectuate, or reflect of public record, the release and discharge of the guarantees, security interests and liens described in this paragraph and agrees to deliver such other termination statements or documents and possessory collateral (including pledged stock certificates) as the Borrowers or the Released Party may from time to time reasonably request to effectuate, or reflect of public record, the release and discharge of such guarantees, security interests and liens. All of the foregoing shall be at the expense of the Borrowers, with no liability to the Administrative Agent or any Lender, and with no representation or warranty by or recourse to the Administrative Agent.

3.Except as expressly set forth in this Release, the terms and provisions of the Loan Documents (including the Credit Agreement, the Guaranty Agreement and the Security Documents) remain unchanged and in full force and effect and this Release shall not constitute an amendment, waiver, consent or release with respect to any provision of the Loan Documents, a waiver of any Event of Default or Potential Default thereunder, or a waiver or release of any of the Administrative Agent's or the Lenders' rights and remedies (all of which are hereby reserved).

4.This Release shall not become effective and the Released Party shall continue to be liable to the Administrative Agent and the Lenders under all the terms and conditions of the Credit Agreement, the Guaranty Agreement, and the Security Documents until the first date on which the following conditions precedent are met (such date is referred to herein as the "Effective Date": (a) the Administrative Agent shall have received a copy of this Release executed by each of the Borrowers and the Consent of Guarantors to Release Agreement executed by each of the Guarantors, and (b) the Closing (as defined in the Purchase Agreement) of the Sale shall have occurred.

5.This Release Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without regard to its conflict of laws principles.

6.This Release Agreement may be executed by different parties hereto on any number of separate counterparts, each of which, when so executed and delivered, shall be an original, and all such counterparts shall together constitute one and the same instrument. The parties hereto acknowledge and agree that a facsimile or other electronic method of transmission (such as a "pdf") of signature pages hereto purporting to be signed on behalf of any party hereto shall constitute effective and binding execution and delivery thereof by such party.

IN WITNESS WHEREOF, the Administrative Agent and the Borrowers have caused this Release Agreement to be executed and delivered by their respective duly authorized officers or representatives as of the date first above written.

PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent and on behalf of the Lenders

By:     /s/ Joseph G. Moran

Name:     Joseph G. Moran    

Title:     Senior Vice President

an Ohio corporation

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Treasurer

an Australian proprietary limited company

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

INVACARE CANADA GENERAL PARTNER INC.

a Canadian corporation, as general partner of, and for and on behalf of, INVACARE CANADA L.P., an Ontario limited partnership

a limited partnership (commanditaire vennootschap) established under the laws of the Netherlands by Invacare Holdings, LLC, an Ohio limited liability company, as general partner (beherend vennoot)

By:        /s/ Robert K. Gudbranson

Name:     Robert K. Gudbranson

Title:    Treasurer of both of the above-listed companies

SCANDINAVIAN MOBILITY INTERNATIONAL APS a Danish limited liability company

INVACARE GERMANY HOLDING GMBH

a German corporation

INVACARE HOLDING AS

a Norwegian corporation

a Swedish limited liability company

a Swiss corporation

a Dutch private company with limited liability

(besloten vennootschap met beperkte aansprakelijkheid)

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Attorney-In-Fact of each of the above-listed companies

a New Zealand corporation

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Attorney

Witness:         Signature:     /s/ Rachel Ann Sabato

Full Name: Rachel Ann Sabato

Address:    Calfee, Halter & Griswold LLP

1405 East 6th St.

Cleveland, OH 44114

Occupation: Paralegal/Notary

INVACARE LIMITED, a company incorporated and registered under the laws of England and Wales

Acting By:     /s/ Robert K. Gudbranson    

Name:    Robert K. Gudbranson

Title:    Director

In presence of:     Signature: /s/ Rachel Ann Sabato    

Full Name: Rachel Ann Sabato

Address:    Calfee, Halter & Griswold LLP

1405 East 6th St.

Cleveland, OH 44114

Occupation: Paralegal/Notary

INVACARE HOLDINGS S.à.r.l, a Luxembourg corporation

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Class A Manager

By:        /s/ Richard Brekelmans

Name:    Richard Brekelmans    

Title:    Class B Manager

Each undersigned guarantor hereby consents to the provisions of the foregoing Release Agreement and confirms and agrees that the undersigned's obligations under the Continuing Agreement of Guaranty and Suretyship, dated as of October 28, 2010, as amended by First Amendment to Continuing Agreement of Guaranty and Suretyship, dated as of November 22, 2011 (the "Guaranty"), shall be unimpaired by the Release Agreement, and that the undersigned have no defenses or set offs against the Administrative Agent or any Lender, their respective officers, directors, employees, agents or attorneys with respect to the Guaranty, and that all of the terms, conditions and covenants in the Guaranty remain unaltered and in full force and effect and are hereby ratified and confirmed. The undersigned hereby certifies that the representations and warranties made in the Guaranty are true and correct.

WITNESS the due execution hereof as a document under seal, as of January 18, 2013, intending to be legally bound hereby.

INVACARE CANADIAN HOLDINGS, INC.

INVACARE CANADIAN HOLDINGS, LLC

INVACARE CREDIT CORPORATION

INVACARE FLORIDA CORPORATION

INVACARE HOLDINGS, LLC

INVAMEX HOLDINGS LLC

KUSCHALL, INC.

By:        /s/ Robert K. Gudbranson

Name:     Robert K. Gudbranson

Title:    Treasurer of each of the above-listed companies

FREEDOM DESIGNS, INC.

a California corporation

By:        /s/ Robert K. Gudbranson

Name:     Robert K. Gudbranson

Title:    Chief Financial Officer

GARDEN CITY MEDICAL INC.

a Delaware corporation

By:        /s/ Robert K. Gudbranson

Name:     Robert K. Gudbranson

Title:    Vice President

INVACARE FLORIDA HOLDINGS, LLC

a Delaware limited liability company

INVACARE HCS, LLC

an Ohio limited liability company

By:        /s/ Gerald B. Blouch

Name:     Gerald B. Blouch

Title:    President of both of the above-listed companies

an Ontario corporation

an Ontario corporation

CARROLL HEALTHCARE GENERAL PARTNER, INC.

an Ontario corporation, as general partner of, and for and on behalf of, CARROLL HEALTHCARE L.P., an Ontario limited partnership

INVACARE CANADA GENERAL PARTNER INC.

a Canadian corporation

CARROLL HEALTHCARE INC., an Ontario corporation, as general partner of, and for and on behalf of, MOTION CONCEPTS L.P., an Ontario limited partnership

PERPETUAL MOTION ENTERPRISES LIMITED

an Ontario corporation

By:        /s/ Robert K. Gudbranson

Name:     Robert K. Gudbranson

Title:    Treasurer of each of the above-listed companies

INVACARE A/S

a Danish limited liability company

INVACARE EC-HØNG A/S

a Danish limited liability company

INVACARE B.V.

a Dutch private company with limited liability

(besloten vennootschap met beperkte aansprakelijkheid)

AQUATEC OPERATIONS GMBH

a German corporation

INVACARE AQUATEC GMBH

a German corporation

INVACARE (DEUTSCHLAND) GMBH

a German corporation

SCANDINAVIAN MOBILITY GMBH

a German corporation

ULRICH ALBER GMBH

a German corporation

INVACARE AS

a Norwegian corporation

DOLOMITE AB

a Swedish limited liability company

INVACARE AB

a Swedish limited liability company

INVACARE DOLOMITE AB

a Swedish limited liability company

INVACARE REA AB

a Swedish limited liability company

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Attorney-In-Fact of each of the above-listed companies

DYNAMIC CONTROLS

a New Zealand corporation

DYNAMIC SUZHOU HOLDINGS NEW ZEALAND

a New Zealand corporation

INVACARE NEW ZEALAND

a New Zealand corporation

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Attorney of each of the above-listed companies

Witness:          Signature:     /s/ Rachel Ann Sabato

Full Name: Rachel Ann Sabato

Address:    Calfee, Halter & Griswold LLP

1405 East 6th St.

Cleveland, OH 44114

Occupation: Paralegal/Notary

INVACARE UK OPERATIONS LIMITED, a private limited company organized under the laws of England and Wales

Acting By:     /s/ Robert K. Gudbranson    

Name:    Robert K. Gudbranson

Title:    Director

In presence of:     Signature:     /s/ Rachel Ann Sabato

Full Name: Rachel Ann Sabato

Address:    Calfee, Halter & Griswold LLP

1405 East 6th St.

Cleveland, OH 44114

Occupation: Paralegal/Notary

INVACARE HOLDINGS TWO S.à.r.l, a Luxembourg corporation

By:        /s/ Robert K. Gudbranson

Name:    Robert K. Gudbranson

Title:    Class A Manager

By:        /s/ Richard Brekelmans

Name:    Richard Brekelmans    

Title:    Class B Manager