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EXHIBIT 4.4
XXXXX X. XXXX COMPENSATION AGREEMENT
THIS AGREEMENT, dated as of July 10, 1995, is between TRIMEDYNE,
INC., a Nevada corporation with offices at 0000 Xxxxxxxx Xxxx, Xxxxxx,
Xxxxxxxxxx 00000 (the "Company"), and XXXXX X. XXXX, residing at 00000
Xxxxxxxxxx Xxxx, Xxxxxxx Xxxxxx, XX 00000 ("Hyde").
1. NOW, THEREFORE, in consideration of the promises and respective
covenants and agreements herein below set forth, the parties agree as follows:
1. The Company hereby agrees to issue to Hyde without cost 20,000
shares of its Common Stock as additional compensation.
2. Hyde agrees that, upon the issuance of the shares, all
compensation due as of July 10, 1995 has been received.
3. Each of the parties hereto agrees, upon the request of the other,
to execute, acknowledge and deliver all such further deeds, assignments,
transfers, conveyances, powers of attorney, documents, instruments and
assurances as may be required to effect the transaction herein contemplated.
4. It is the intent and purpose of the parties to this Agreement
to document that the issuance of the shares and the acquisition thereof by
Hyde are pursuant to a written plan of compensation.
5. This agreement sets forth the entire understanding between the
parties concerning the subject matter hereof. This agreement may not be
modified, except in writing, executed by both parties, and shall be construed,
governed and enforced in accordance with the laws of the State of California.
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IN WITNESS WHEREOF, the parties hereto have executed and delivered
this agreement as of the date specified above.
TRIMEDYNE, INC.
By:
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Xxxxxx X. Xxxx, Chairman
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Xxxxx X. Xxxx
