Arrhythmia Research Technology Inc /De/ Sample Contracts

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 29th, 2007 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

AGREEMENT, dated as of the 4th day of December, 2006, by and between Arrhythmia Research Technology, Inc., a Delaware corporation (“ART”) having an office and place of business at 25 Sawyer Passway, Fitchburg, Massachusetts 01420 (hereinafter, together with any consolidated subsidiary, referred to as the “Company”) and James E. Rouse, an individual (hereinafter referred to as “Executive”).

FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • August 13th, 2015 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

This Fourth Amendment to Loan and Security Agreement (“Fourth Amendment to Loan and Security Agreement”) is dated as of June 19, 2015 and is made by and among UniBank for Savings (together with its successors and assigns, the “Bank” or “Lender”), Arrhythmia Research Technology, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (sometimes referred to herein as “Arrhythmia”) and Micron Products Inc., a corporation duly organized and validly existing under the laws of the Commonwealth of Massachusetts (sometimes referred to herein as “Micron”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 9th, 2014 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

All of Employee’s compensation is subject to deductions for regular payroll taxes and withholding, as required by State and Federal law, as well as other deductions that Employee authorizes.

WARRANT TO PURCHASE SHARES OF COMMON STOCK
Micron Solutions Inc /De/ • July 11th, 2019 • Electromedical & electrotherapeutic apparatus • Delaware

THIS CERTIFIES THAT, for value received, ___________________, or its registered assigns (the “Holder”), is entitled, subject to the provisions and upon the terms and conditions set forth herein, to purchase from Micron Solutions, Inc., a Delaware corporation (the “Company”), Shares (as defined below), in the amounts, at such times and at the price per share set forth in Section 1.

GENERAL SECURITY AGREEMENT
General Security Agreement • March 26th, 2018 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus

THIS GENERAL SECURITY AGREEMENT (this “Agreement”) is dated as of December 29, 2017 between Micron Solutions, Inc., a Delaware corporation (the “Debtor”) and Rockland Trust Company, a Massachusetts trust company (together with its successors and assigns, the “Secured Party”).

GENERAL CONTINUING GUARANTY
General Continuing Guaranty • March 26th, 2018 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

This GENERAL CONTINUING GUARANTY (this "Guaranty"), dated as of December 29, 2017, is executed and delivered by Micron Solutions, Inc., a Delaware corporation (the "Guarantor"), in favor of Rockland Trust Company, a Massachusetts trust company (together with its successors and assigns, "Lender"), in light of the following:

Contract
Arrhythmia Research Technology Inc /De/ • October 17th, 2016 • Electromedical & electrotherapeutic apparatus • Delaware

THIS INSTRUMENT AND THE OBLIGATIONS AND RIGHTS OF THE PARTIES HERETO ARE SUBJECT TO AND LIMITED BY THE TERMS OF A SUBORDINATION AGREEMENT FOR THE BENEFIT OF UNIBANK FOR SAVINGS, ITS SUCCESSORS AND ASSIGNS.

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 22nd, 2017 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

THIS AGREEMENT is made and entered into as of the 1st day of January, 2017, by and between Arrhythmia Research Technology, Inc. (“ART”), with its principal place of business located in Fitchburg, Massachusetts, and Salvatore Emma, Jr. (“Executive” or “Employee”), who resides in Ashburnham, Massachusetts. ART and Employee are collectively referred to herein as the “Parties.”

EMPLOYMENT AGREEMENT
Grant Agreement • March 20th, 2015 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

THIS AGREEMENT is made and entered into as of the 20th day of January, 2015, by and between Arrhythmia Research Technology, Inc. (“ART”), with its principal place of business located in Fitchburg, Massachusetts, and Derek Welch (“Employee”), who resides in Lunenberg, Massachusetts. ART and Employee are collectively referred to herein as the “Parties.”

THIRD AMENDMENT AND WAIVER TO CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • November 14th, 2019 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus

This Third Amendment and Waiver to Credit and Security Agreement (this “Amendment”) is dated as of August 13, 2019 by and among MICRON PRODUCTS INC., a Massachusetts corporation ("Borrower"), MICRON SOLUTIONS, INC., a Delaware corporation (“Guarantor” and, together with Borrower, each an “Obligor” and collectively, the “Obligors”), and ROCKLAND TRUST COMPANY, a Massachusetts trust company ("Lender").

LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • July 1st, 2013 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

Loan and Security Agreement dated March 29,2013 by and among UniBank for Savings (together with its successors and assigns, the "Bank" or "Lender"), Arrhythmia Research Technology, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (sometimes referred to herein as "Arrhythmia") and Micron Products Inc., a corporation duly organized and validly existing under the laws of the Commonwealth of Massachusetts (sometimes referred to herein as "Micron").

ASSET PURCHASE AGREEMENT by and among SHREWSBURY MOLDERS, INC. and MICRON PRODUCTS INC. and ARRHYTHMIA RESEARCH TECHNOLOGY, INC. May 7, 2004
Asset Purchase Agreement • May 21st, 2004 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

THIS ASSET PURCHASE AGREEMENT (as it may be amended from time to time, this “Agreement”) is made as of May 7, 2004, by and among SHREWSBURY MOLDERS, INC., formerly known as NEW ENGLAND MOLDERS, INC., a Massachusetts corporation having its principal place of business at 697 Hartford Turnpike, Shrewsbury, MA (“Seller”), MICRON PRODUCTS INC., a Massachusetts corporation having its principal place of business at 25 Sawyer Passway, Fitchburg, MA (“Buyer”), and ARRHYTHMIA RESEARCH TECHNOLOGY, INC., a Delaware corporation having its principal place of business at 25 Sawyer Passway, Fitchburg, MA (“ART”).

LEASE
Arrhythmia Research Technology Inc /De/ • March 23rd, 2011 • Electromedical & electrotherapeutic apparatus • Pennsylvania

THIS LEASE ("Lease") is entered into as of the 16th day of December 2010, between RADNOR CENTER ASSOCIATES, a Pennsylvania limited partnership ("Landlord"), and RMDDxUSA Corp., a Delaware corporation with its principal place of business at 25 Sawyer Passway, Fitchburg, MA 01420 ("Tenant").

SECOND AMENDMENT AND CONSENT TO CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • November 14th, 2019 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus

This Second Amendment and Consent to Credit and Security Agreement (this “Amendment”) is dated as of August 6, 2019 by and among MICRON PRODUCTS INC., a Massachusetts corporation ("Borrower"), MICRON SOLUTIONS, INC. a Delaware corporation (“Guarantor”, Borrower and Guarantor, each an “Obligor” and collectively, “Obligors”), and ROCKLAND TRUST COMPANY, a Massachusetts trust company ("Lender").

FORBEARANCE AGREEMENT
Forbearance Agreement • November 13th, 2017 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus

This Forbearance Agreement (the "Forbearance Agreement") dated as of September 29, 2017 and is made by and among UniBank for Savings (together with its successors and assigns, the "Bank" or "Lender"), Micron Solutions, Inc. (formerly known as Arrhythmia Research Technology, Inc.), a corporation duly organized and validly existing under the laws of the State of Delaware (sometimes referred to herein as "Solutions") and Micron Products Inc., a corporation duly organized and validly existing under the laws of the Commonwealth of Massachusetts (sometimes referred to herein as "Micron") (each of Solutions and Micron being a "Borrower", and collectively the "Borrowers").

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Employment Agreement • October 6th, 2006 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus

AGREEMENT, effective as of October 4, 2006, by and between Micron Products, Inc., a Massachusetts corporation (the “Company”) with offices at 25 Sawyer Passway, Fitchburg, Massachusetts and James E. Rouse (the “Employee”).

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CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • March 26th, 2018 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

THIS CREDIT AND SECURITY AGREEMENT (this “Agreement”), dated as of December 29, 2017, is between MICRON PRODUCTS INC., a Massachusetts corporation (“Borrower”) and ROCKLAND TRUST COMPANY, a Massachusetts trust company (“Lender”). Except as set forth in Section 7.1, capitalized terms used and not otherwise defined in this Agreement shall have the meanings given to them in Schedule A annexed hereto.

SUBORDINATION AGREEMENT RECITALS:
Subordination Agreement • December 23rd, 2013 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts
LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • March 22nd, 2017 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus

This Fifth Amendment to Loan and Security Agreement (“Fifth Amendment to Loan and Security Agreement”) is dated as of November 15, 2016 and is made by and among UniBank for Savings (together with its successors and assigns, the “Bank” or “Lender”), Arrhythmia Research Technology, Inc., a corporation duly organized and validly existing under the laws of the State of Delaware (sometimes referred to herein as “Arrhythmia”) and Micron Products Inc., a corporation duly organized and validly existing under the laws of the Commonwealth of Massachusetts (sometimes referred to herein as “Micron”).

first AMENDMENT AND WAIVER TO CREDIT AND SECURITY AGREEMENT
Credit and Security Agreement • March 12th, 2019 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus

This First Amendment and Waiver to Credit and Security Agreement (this “Amendment”) is dated as of March 7, 2019 by and between MICRON PRODUCTS INC., a Massachusetts corporation ("Borrower"), and ROCKLAND TRUST COMPANY, a Massachusetts trust company ("Lender").

EMPLOYMENT AGREEMENT
Agreement and Release • July 17th, 2019 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts

THIS AGREEMENT is made and entered into as of the 15th day of July, 2019, by and between Micron Solutions, Inc. (“Micron”), with its principal place of business located in Fitchburg, Massachusetts, and Wayne Coll (“Employee”), who resides in Natick, Massachusetts. Micron and Employee are collectively referred to herein as the “Parties.”

EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2007 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts
MORTGAGE, SECURITY AGREEMENT AND FINANCING STATEMENT
Micron Solutions Inc /De/ • March 26th, 2018 • Electromedical & electrotherapeutic apparatus
AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • November 14th, 2011 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Delaware
SUBORDINATION AGREEMENT
Subordination Agreement • July 11th, 2019 • Micron Solutions Inc /De/ • Electromedical & electrotherapeutic apparatus • Massachusetts
FIRST AMENDMENT AND LOAN MODIFICATION AGREEMENT
First Amendment and Loan Modification Agreement • July 1st, 2013 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus

This First Amendment and Loan Modification Agreement (the “Agreement”), dated as of March 11, 2013, is made by and among (1) Arrhythmia Research Technology, Inc. (“ART”), a Delaware corporation with a principal place of business at 25 Sawyer Passway, Fitchburg, Massachusetts, (2) Micron Products, Inc., a Massachusetts corporation with a principal place of business at 25 Sawyer Passway, Fitchburg, Massachusetts (“Micron” and, together with ART, jointly, severally, and collectively, the “Borrowers”); (3) RMDDXUSA CORP., a Delaware corporation with a principal place of business at 25 Sawyer Passway, Fitchburg, Massachusetts (the “RMD,” and together with the Borrowers, jointly, severally and collectively, the “Obligors”); (4) RBS CITIZENS, NATIONAL ASSOCIATION, successor by merger to Citizens Bank of Massachusetts, a national association with an office located at 28 State Street, Boston, Massachusetts 02109 (the “Bank”), and (5) RBS ASSET FINANCE, INC., a New York corporation with an offic

AMENDMENT NO. 2 TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • October 8th, 2013 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus • Delaware
REAL ESTATE TERM LOAN NOTE
Micron Solutions Inc /De/ • March 26th, 2018 • Electromedical & electrotherapeutic apparatus

This Note is being executed and delivered pursuant to that certain Credit and Security Agreement of even date between Lender and the undersigned (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”).

AMENDED AND RESTATED AGREEMENT AND RELEASE
And Restated Agreement and Release • November 19th, 2013 • Arrhythmia Research Technology Inc /De/ • Electromedical & electrotherapeutic apparatus

THIS AGREEMENT is dated by and between David A. Garrison (''Mr. Garrison"), who resides in Concord, Massachusetts, and Arrhythmia Research Technology, Inc. ("ART"), with its principal place of business located in Fitchburg, Massachusetts.

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