BUSINESS LOAN AGREEMENTBusiness Loan Agreement • December 20th, 2013 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS BUSINESS LOAN AGREEMENT dated December 18, 2013, is made and executed between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • December 20th, 2013 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement (Asset Based) • December 20th, 2013 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 18, 2013, is made and executed between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
NONQUALIFIED STOCK OPTION AGREEMENT ELECTROMED, INC. 2014 EQUITY INCENTIVE PLANNonqualified Stock Option Agreement • November 25th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS AGREEMENT, made effective as of this day of ___________, 20__, by and between Electromed, Inc., a Minnesota corporation (the “Company”), and _________________ (“Participant”).
RESTRICTED STOCK UNIT AGREEMENT ELECTROMED, INC. 2014 EQUITY INCENTIVE PLANRestricted Stock Unit Agreement • November 25th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS AGREEMENT, made effective as of this ___ day of ______________, 20___, by and between Electromed, Inc., a Minnesota corporation (the “Company”), and _____________________ (“Participant”).
INCENTIVE STOCK OPTION AGREEMENT ELECTROMED, INC. 2014 EQUITY INCENTIVE PLANIncentive Stock Option Agreement • November 25th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS AGREEMENT, made effective as of this ____ day of ____________, 20__, by and between Electromed, Inc., a Minnesota corporation (the “Company”), and __________________ (“Participant”).
EMPLOYMENT AGREEMENTEmployment Agreement • June 5th, 2023 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Employment Agreement (“Agreement”) is made effective as of July 1, 2023 (the “Effective Date”) by and between Electromed, Inc., a Minnesota corporation (the “Corporation”) and James Cunniff, an individual (“Employee”) (collectively “Parties” or individually “Party”).
RESTRICTED STOCK AGREEMENT ELECTROMED, INC. 2014 EQUITY INCENTIVE PLANRestricted Stock Agreement • November 25th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS AGREEMENT is made effective as of this ____ day of _______________, 20__, by and between Electromed, Inc., a Minnesota corporation (the “Company”), and _________________________ (“Participant”).
ELECTROMED, INC. Non-Qualified Stock Option Agreement Under the 2017 Omnibus Incentive PlanNon-Qualified Stock Option Agreement • May 7th, 2019 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Electromed, Inc., a Minnesota corporation (the “Company”), pursuant to its 2017 Omnibus Incentive Plan (the “Plan”), hereby grants an Option to purchase shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), to you, the Participant named below. The terms and conditions of the Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.
ELECTROMED, INC. Common Stock PURCHASE AGREEMENTPurchase Agreement • July 7th, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • New York
FELTL AND COMPANY, INC. As Representatives of the several Underwriters named in Schedule I c/o Feltl and Company, Inc. 2100 LaSalle Plaza 800 LaSalle Avenue Minneapolis, Minnesota 55402
NON-COMPETITION, NON-SOLICITATION, AND CONFIDENTIALITY AGREEMENTNon-Competition, Non-Solicitation, and Confidentiality Agreement • December 3rd, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This NON-COMPETITION, NON-SOLICITATION, AND CONFIDENTIALITY AGREEMENT (the “Agreement”) is effective as of the 1st day of December, 2012, by and between Electromed, Inc. (the “Corporation”) and Kathleen Skarvan (the “Employee”).
COOPERATION AGREEMENTCooperation Agreement • July 25th, 2022 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Cooperation Agreement (this “Agreement”) is made and entered into as of July 25, 2022 by and among Electromed, Inc. (the “Company”) and the entities and natural persons set forth in the signature pages hereto (collectively, “Summers Value”) (each of the Company and Summers Value, a “Party” to this Agreement, and collectively, the “Parties”).
UNDERWRITER’S WARRANT AGREEMENTUnderwriter's Warrant Agreement • October 4th, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
UNDERWRITER’S WARRANT AGREEMENT dated as of September 28, 2010 (this “Agreement”), between Electromed, Inc., a Minnesota corporation (the “Company”), and Feltl and Company, Inc. (hereinafter referred to as the “Underwriter”).
AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • February 14th, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 8, 2011, is by and between ELECTROMED, INC., a corporation organized under the laws of the State of Minnesota (the “Borrower”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Bank”).
SECURITY AGREEMENTSecurity Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS SECURITY AGREEMENT, dated as of December 9, 2009, is made and given by ELECTROMED, INC., a corporation organized under the laws of the State of Minnesota (the “Grantor”), to U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Secured Party”).
GUARANTYGuaranty • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS GUARANTY, dated as of December 9, 2009, is made and given by ELECTROMED FINANCIAL, LLC, a limited liability company organized under the laws of the State of Minnesota (the “Guarantor”), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Lender”).
ELECTROMED, INC. 2014 EQUITY INCENTIVE PLAN2014 Equity Incentive Plan • November 25th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Restricted Stock AgreementRestricted Stock Agreement • September 25th, 2018 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Electromed, Inc., a Minnesota corporation (the “Company”), pursuant to its 2017 Omnibus Incentive Plan (the “Plan”), hereby grants to you, the Participant named below, an award of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), whose vesting is subject the satisfaction of service-based conditions (the “Restricted Shares”). The terms and conditions of this Restricted Stock Award are set forth in this Restricted Stock Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term used but not defined in this Agreement will be defined as provided in the Plan, as it currently exists or as it may be amended.
ELECTROMED, INC. Common Stock PURCHASE AGREEMENTPurchase Agreement • August 18th, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • New York
FELTL AND COMPANY, INC. As Representatives of the several Underwriters named in Schedule I c/o Feltl and Company, Inc. 2100 LaSalle Plaza 800 LaSalle Avenue Minneapolis, Minnesota 55402
BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement (Asset Based) • November 10th, 2015 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.
RIDER TO BUSINESS LOAN AGREEMENT (ASSET BASED) AND RELATED DOCUMENTSBusiness Loan Agreement • December 17th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (Asset Based) (“Rider”) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2014 (“Business Loan Agreement”) between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:
RIDER TO BUSINESS LOAN AGREEMENT (ASSET BASED) AND RELATED DOCUMENTSBusiness Loan Agreement • December 17th, 2021 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (Asset Based) (“Rider”) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2019 (as amended, restated, supplemented or otherwise modified from time to time, including by this Rider, the “Business Loan Agreement”), referring to that certain original Promissory Note # 15695 dated December 18, 2019 (as amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time, including by this Rider and by the Change in Terms Agreement dated on or about the date hereof, the “Note”), in each case between Electromed, Inc. (“Borrower”) and Choice Financial Group (“Lender”). In the event of any inconsistency between this Rider, the Business Loan Agreement or any of the Related Documents as defined in the Business Loan Agreement (including any Change of Terms Agreement executed concurrently herewith), the terms of this Rider shall control. Terms used herein and not otherwise de
ELECTROMED, INC. Restricted Stock Award Agreement Under the 2017 Omnibus Incentive PlanRestricted Stock Award Agreement • September 25th, 2018 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Electromed, Inc., a Minnesota corporation (the “Company”), pursuant to its 2017 Omnibus Incentive Plan (the “Plan”), hereby grants an award of Restricted Stock to you, the Participant named below. The terms and conditions of this Restricted Stock Award are set forth in this Restricted Stock Award Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future.
RIDER TO BUSINESS LOAN AGREEMENT (ASSET BASED) AND RELATED DOCUMENTSBusiness Loan Agreement • December 16th, 2016 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (Asset Based) (“Rider”) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2016 (“Business Loan Agreement”) between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • July 15th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Amended and Restated Employment Agreement (the “Amended Employment Agreement”) is effective as of July 1, 2014 (the “Effective Date”), by and among Electromed, Inc., a Minnesota corporation (the “Corporation”), and Kathleen Skarvan (“Employee”).
ELECTROMED, INC. Restricted Stock Agreement (Non-Employee Directors)Restricted Stock Agreement • February 13th, 2024 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
Electromed, Inc., a Minnesota corporation (the “Company”), pursuant to its 2023 Equity Incentive Plan (the “Plan”), hereby grants to you, the Participant named below, an award of Restricted Stock, whose vesting is subject the satisfaction of service-based conditions. The terms and conditions of this Restricted Stock Award are set forth in this Restricted Stock Agreement (the “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term used but not defined in this Agreement will be defined as provided in the Plan, as it currently exists or as it may be amended.
Electromed Option Agreement]Electromed Option Agreement • February 14th, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This is to let you know that you have been awarded options to purchase shares of common stock of Electromed, Inc. pursuant to the Electromed, Inc. 2012 Stock Incentive Plan (the “Plan”) as follows:
SIXTH AMENDMENT TO CREDIT AGREEMENTCredit Agreement • July 10th, 2013 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), made and entered into as of July 8, 2013, is by and between Electromed, Inc., a Minnesota corporation (the “Borrower”), and U.S. Bank National Association, a national banking association (the “Bank”).
RIDER TO BUSINESS LOAN AGREEMENT (ASSET BASED) AND RELATED DOCUMENTSRider to Business Loan Agreement • December 17th, 2019 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (Asset Based) (“Rider”) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated December 18, 2019 (as amended, restated, supplemented or otherwise modified from time to time, including by this Rider, the “Business Loan Agreement”), referring to that certain original Promissory Note # 15695 dated December 18, 2019 (as amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time, including by this Rider, the “Note”), in each case between Electromed, Inc. (“Borrower”) and Choice Financial Group (“Lender”). In the event of any inconsistency between this Rider, the Business Loan Agreement or any of the Related Documents as defined in the Business Loan Agreement (including any Change of Terms Agreement executed concurrently herewith), the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agr
SEPARATION AGREEMENT AND RELEASE OF CLAIMSSeparation Agreement • September 26th, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Separation Agreement and Release of Claims (“Separation Agreement”) is entered into by and between Electromed, Inc., a Minnesota corporation (“Electromed”) and Robert D. Hansen (“Hansen”).
EMPLOYMENT AGREEMENTEmployment Agreement • October 19th, 2011 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Employment Agreement (“Agreement”) is effective as of October 18, 2011 (the “Effective Date”), by and among Electromed, Inc., a Minnesota corporation (the “Corporation”), and Jeremy Brock (“Employee”).
EMPLOYMENT AGREEMENTEmployment Agreement • February 21st, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Employment Agreement (“Agreement”) is effective as of February 15th, 2012 (the “Effective Date”), by and among Electromed, Inc., a Minnesota corporation (the “Corporation”), and James Cassidy (“Employee”).
ContractMortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS INSTRUMENT WAS PREPARED BY, AND WHEN RECORDED SHOULD BE RETURNED TO: Dorsey & Whitney LLP (CHMH) Suite 1500 50 South Sixth Street Minneapolis, Minnesota 55402-1498
TRANSITION AGREEMENTTransition Agreement • November 10th, 2011 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Transition Agreement (“Transition Agreement”) is effective as of August 19, 2011 (the “Effective Date”), by and between Electromed, Inc., a Minnesota corporation (“Electromed”) and Terry Belford (“Belford”).
EMPLOYMENT AGREEMENTEmployment Agreement • December 3rd, 2012 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
This Employment Agreement (“Agreement”) is effective as of December 1, 2012 (the “Effective Date”), by and among Electromed, Inc., a Minnesota corporation (the “Corporation”), and Kathleen Skarvan (“Employee”).
