0000897101-10-000912 Sample Contracts

NON-COMPETITION, NON-SOLICITATION, AND CONFIDENTIALITY AGREEMENT
Non-Competition, Non-Solicitation, and Confidentiality Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

This NON-COMPETITION, NON-SOLICITATION, AND CONFIDENTIALITY AGREEMENT (the “Agreement”) is effective as of the 1st day of January, 2010, by and between Electromed, Inc. (the “Corporation”) and Terry Belford (the “Employee”).

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SECURITY AGREEMENT
Security 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”).

GUARANTY
Guaranty • 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”).

NEW EMPLOYMENT AGREEMENT
New Employment Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

This New Employment Agreement (“Agreement”) is effective as of January 1, 2010 (the “Effective Date”), by and among Electromed, Inc., a Minnesota corporation (the “Corporation”), and Terry Belford (“Employee”).

Contract
Electromed, Inc. • May 3rd, 2010 • 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

PURCHASE AGREEMENT
Purchase Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

THIS PURCHASE AGREEMENT, dated as of March 2, 2010, is between Robert D. Hansen, whose business address is 500 Sixth Avenue Northwest, New Prague, MN 56071 (“Seller”) and Electromed, Inc. a Minnesota corporation, whose business address is also 500 Sixth Avenue Northwest, New Prague, MN 56071 (“Buyer”).

ASSIGNMENT
Assignment • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus

WHEREAS, we, _____________________ (hereinafter “ASSIGNOR”), have invented, and are the joint owners of, _____________________ having certain novel features and various configurations disclosed and claimed in United States patent application _____________________ filed _____________________, referred to as the “the Application”; and

ENVIRONMENTAL AND ADA INDEMNIFICATION AGREEMENT
Environmental and Ada Indemnification Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

This ENVIRONMENTAL AND ADA INDEMNIFICATION AGREEMENT (this “Agreement,” which term shall include any amendment, modification, supplement, extension, renewal, replacement, or restatement hereof)is made as of December 9, 2009, by ELECTROMED, INC., a corporation organized under the laws of the State of Minnesota (“Mortgagor”), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association (“Lender”).

CREDIT AGREEMENT
Credit Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

THIS CREDIT AGREEMENT, dated as of December 9, 2009, 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”).

PLEDGE AGREEMENT
Pledge Agreement • May 3rd, 2010 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

THIS PLEDGE 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 “Pledgor”) to U.S. BANK NATIONAL ASSOCIATION (the “Secured Party”).

WARRANT #W- ___ TO PURCHASE COMMON STOCK ___ Shares of Common Stock of Electromed, Inc.
Electromed, Inc. • May 3rd, 2010 • Electromedical & electrotherapeutic apparatus

THIS CERTIFIES THAT, Minnesota ______________ (the “Holder”), is entitled to subscribe for and purchase from Electromed, Inc., a Minnesota corporation (the “Company”) from the date hereof through ______________ up to ______________ (____) fully paid and non-assessable shares (the “Shares”) of the Company’s Common Stock, no par value (the “Common Stock”) at a price of $ ____ per share.

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