EXHIBIT 10.1
 
HARVARD BIOSCIENCE, INC.
 
AMENDMENT TO EMPLOYMENT AGREEMENT
 
WHEREAS, Harvard Bioscience, Inc. (“Company”), entered into an Employment
Agreement (“Agreement”) with  Jeffrey A. Duchemin (“Executive”) on August 26,
2013; and
 
WHEREAS, the parties desire to amend such Employment Agreement to modify the
incentive compensation provision thereunder; and
 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties agree to the following, effective
immediately:
 
1. Amendment -  Section 3(c).  Section 3(c) of the Agreement is hereby amended
by deleting the phrase “two hundred percent (200%)” and replacing it with “one
hundred fifty percent (150%)” in its stead.
 
2.  Successor to Company. The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business or assets of the Company expressly to assume
and agree to perform this agreement to the same extent that the Company would be
required to perform it if no succession had taken place. Failure of the Company
to obtain an assumption of this agreement at or prior to the effectiveness of
any succession shall be a breach of this agreement and the Agreement and shall
constitute Good Reason (as defined under the Agreement) if the Executive elects
to terminate employment.
 
3.  Counterparts. This agreement may be executed in several counterparts, each
of which shall be deemed to be an original but all of which together will
constitute one and the same instrument.
 
 
[signatures on following page]
 
 
 

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IN WITNESS WHEREOF, the parties have executed this Amendment effective as of
this 1st day of March, 2015.

 
HARVARD BIOSCIENCE, INC.
            By: /s/ Robert E. Gagnon       Name: Robert E. Gagnon       Title:
Chief Financial Officer                
EXECUTIVE
      /s/ Jeffrey A. Duchemin        Jeffrey A. Duchemin, individually      

 

                                        
 
 
 

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