October 28, 2003 By Hand Delivery Dr. Robert I. Rudko PLC Medical Systems, Inc. Franklin, MA 02038 Dear Bob:PLC Systems Inc • March 26th, 2004 • Electromedical & electrotherapeutic apparatus • Massachusetts
Following our negotiations with you and your attorney, this letter agreement contains the terms, as of October 28, 2003, of your continued employment with PLC Medical Systems, Inc., a subsidiary of PLC Systems, Inc., (the “Company”).
THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ITS EXERCISE ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN SECTION 4 OF THIS WARRANTPLC Systems Inc • March 26th, 2004 • Electromedical & electrotherapeutic apparatus • Massachusetts
PLC Systems Inc., a Yukon Territory corporation (the “Company”), for value received, hereby certifies that Prudential Vector Healthcare Group, a unit of Prudential Securities Incorporated, or its registered assigns (the “Registered Holder”), is entitled, subject to the terms and conditions set forth below, to purchase from the Company, at any time or from time to time on or after the Vesting Date (as defined in Section 8 hereof) and on or before 5:00 p.m. (Boston time) on January 9, 2006, One Hundred Thousand (100,000) shares of Common Stock, no par value per share, of the Company, at a purchase price of $1.00 per share. The shares purchasable upon exercise of this Warrant, and the purchase price per share, each as adjusted from time to time pursuant to the provisions of this Warrant, are hereinafter referred to as the “Warrant Shares” and the “Purchase Price,” respectively.
