AMENDMENT NO. 2 TO STOCK AWARD AGREEMENT
This Amendment No. 2 ("Amendment") to Stock Award Agreement ("Agreement")
dated October 31, 1990, by and between Oxboro Medical International, Inc., a
Minnesota corporation (the "Company"), and Xxxxx X. Xxxxxxxxx ("Xxxxxxxxx"),
effective the 31st day of October, 1995.
RECITALS:
WHEREAS, pursuant to the Agreement, the term of the Agreement expires at
midnight, October 31, 1995; and
WHEREAS, the Company and Xxxxxxxxx desire to extend the termination date of
said Agreement to midnight, October 31, 1998 on the terms and conditions set
forth below;
NOW, THEREFORE, in consideration of the foregoing and the mutual promises
and conditions contained in this Amendment, the parties hereto agree to make the
following amendments to the Agreement:
1. Consideration. In consideration of the Company agreeing to
extend the termination date of the Agreement from midnight
October 31, 1995 to October 31, 1998, Xxxxxxxxx, on his own
behalf and on behalf of Lexten, Inc. a Minnesota corporation,
of which Xxxxxxxxx is the sole shareholder, officer and
director, the general partner of the Project Heart Limited
Partnership, hereby waives right to receive any cash
distribution from said limited partnership, with the intent
and understanding that all distributions by said limited
partnership shall be made proportionately as if the remaining
limited partners were the only limited partners.
2. Term of Agreement. The termination date of this Agreement
is hereby extended from midnight, October 31, 1995 to
midnight, October 31, 1998.
All other provisions of the Stock Award Agreement, subject to the
provisions of Amendment No. 1 and this Amendment No. 2, shall remain in full
force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
October 31st, 1995.
OXBORO MEDICAL INTERNATIONAL, INC.
By /s/ Xxxxxx Xxxxx
Xxxxxx Xxxxx
Its President
/s/ Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx,
Individually
Consented and agreed to
this 31st day of October,
1995 by:
LEXTEN, INC.
By: /s/ Xxxxx X. Xxxxxxxxx
Xxxxx X. Xxxxxxxxx
Its President