0001144204-09-001832 Sample Contracts

BIOANALYTICAL SYSTEMS, INC. EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT
Employee Incentive Stock Option Agreement • January 14th, 2009 • Bioanalytical Systems Inc • Services-commercial physical & biological research • Indiana

THIS AGREEMENT, made this 1st day of October, 2008, by and between Bioanalytical Systems, Inc., an Indiana corporation with its principal office at 2701 Kent Avenue, West Lafayette, Indiana (hereinafter called “Company”), and Jon Brewer, residing at 8713 Bay Pointe Circle, Indianapolis, IN 46236 (hereinafter called the “Grantee”), pursuant to the terms, conditions and limitations contained in the Company’s 2008 Stock Option Plan (hereinafter called the “Plan”), a copy of which is attached hereto as Exhibit A.

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BIOANALYTICAL SYSTEMS, INC. EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT
Employee Incentive Stock Option Agreement • January 14th, 2009 • Bioanalytical Systems Inc • Services-commercial physical & biological research • Indiana

THIS AGREEMENT, made this ____ day of ________, 200_, by and between Bioanalytical Systems, Inc., an Indiana corporation with its principal office at 2701 Kent Avenue, West Lafayette, Indiana (hereinafter called “Company”), and ________________, residing at ___________________, _____________, IN ________ (hereinafter called the “Grantee”), pursuant to, and subject to, the terms, conditions and limitations contained in the Company’s 2008 Stock Option Plan (hereinafter called the “Plan”), a copy of which is attached hereto as Exhibit A.

November 10, 2008
Bioanalytical Systems Inc • January 14th, 2009 • Services-commercial physical & biological research
National City® Alan Jones Vice President Credit Administration One National City Center Suite 400S Indianapolis, TN 46255
Bioanalytical Systems Inc • January 14th, 2009 • Services-commercial physical & biological research

This letter is to provide you with written notice that NCB hereby waives as of September 30, 2008 the Borrower’s violation of Paragraph 5.3.3 of the Second Amendment to Amended and Restated Credit Agreement dated October 24, 2007 regarding Tangible Net Worth. Furthermore, the Bank has approved the following definition to replace Paragraph 5.3.3:

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