Document:

Exhibit 4.13

 

FOURTH AMENDMENT TO THE
FIRST RESTATEMENT

OF THE MERIT MEDICAL
SYSTEMS, INC.

401(k) PROFIT SHARING PLAN
AND TRUST

 

WHEREAS, Merit Medical Systems, Inc.
(the “Principal Employer”) maintains the Merit Medical Systems, Inc.
401(k) Profit Sharing Plan and Trust (the “Plan”) for the benefit of its
employees and the employees of its participating affiliates, which Plan was
initially adopted effective January 1991; restated in 2001 pursuant to the
First Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing
Plan and Trust; amended April 16, 2002 pursuant to the First Amendment to
the First Restatement of the Plan; amended July 26, 2002 pursuant to the
Second Amendment to the First Restatement of the Plan; and amended December 18,
2002 pursuant to the Third Amendment to the First Restatement of the Plan; and

 

WHEREAS, the Plan has heretofore required
that the portion of each participant’s Non-Qualified Matching Contribution
Account attributable to employer contributions made prior to June 2002 be
invested in shares of Principal Employer stock (“Restricted Shares”); and

 

WHEREAS, the Principal Employer desires to
further amend the Plan document to allow self-directing Plan participants to
diversify over time the investment of their Non-Qualified Matching Contribution
Account balances into other investments offered under the Plan.

 

NOW, THEREFORE, the Principal Employer hereby
amends the Plan as follows:

 

1.                                       Article X B2(a) of the Plan is
amended to add the following sentences at the end thereof:

 

“Any provision in the Plan to the contrary
notwithstanding, with respect to any shares of Employer Stock that were held in
Non-Qualified Matching Contribution Accounts as of May 31, 2002, plus any
additional shares of Employer Stock received as a stock dividend or as a stock
split with respect to such May 31, 2002 shares (collectively “Restricted
Shares”):  (i) effective on and
after May 5, 2003, a Participant may direct the Plan Administrator and
Trustee to liquidate, and reinvest as a self-directed investment under Article XI
A of the Plan the proceeds from the sale of, fifty percent (50%) of the number
of Restricted Shares allocated to his Non-Qualified Matching Contribution
Account as of May 5, 2003; and (ii) effective on and after January 1,
2004, a Participant may direct the Plan Administrator and Trustee to liquidate,
and reinvest as a self-directed investment under Article XI A of the Plan
the proceeds from the sale of, any or all remaining Restricted Shares held in
his Non-Qualified Matching Contribution Account.  As a the result, on and after January 1,
2004, no portion of a Participant’s Accounts will be required to be invested in
Employer Stock unless the Participant elects to self-direct the investment of
all or a portion of his Accounts into Employer Stock.”

 

2.                                       Except as modified above, the First
Restatement of the Plan is hereby ratified and continued in accordance with its
original terms.

 

1

 

IN WITNESS WHEREOF, the Principal Employer
has caused this Fourth Amendment to be executed by its duly authorized officer
this 5th day of May, 2003.

 

	
   

  	
  MERIT MEDICAL SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
       /S/

  	
   

  
	
   

  	
  Its:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
						

 

2Exhibit 4.14

 

FIFTH AMENDMENT TO THE FIRST
RESTATEMENT OF THE

MERIT MEDICAL SYSTEMS, INC.

401(k) PROFIT SHARING PLAN

 

This Fifth Amendment to the First Restatement
of the Merit Medical Systems, 401(k) Profit Sharing Plan (the “Plan”) is made
and adopted effective as of January 1, 2004 to read as follows:

 

WHEREAS, Merit Medical Systems, Inc.
(the “Company”) maintains the Plan for the benefit of its employees and the
employees of its participating subsidiaries; and

 

WHEREAS, the Company desires to amend the Plan
in certain respects;

 

NOW, THEREFORE, the Company hereby amends the
Plan as follows effective January 1, 2004:

 

1.                                       The last
sentence of the first paragraph of Article II B of the Plan is amended to
delete the phrase “the first day of each calendar quarter” and to substitute in
lieu thereof the phrase “each day of the Plan Year.”

 

2.                                       Article IV
D of the Plan is amended to read as follows:

 

“D.                              Forfeitures.  All Forfeitures from Regular Accounts shall
be allocated first to reinstate previously forfeited account balances under Article V
D 2 below, with any remainder allocated as additional Profit Sharing
Contributions under Article IV C above for the year of forfeiture.  Forfeitures from Non-Qualified Matching
Contribution Accounts shall be reallocated first to reinstate previously
forfeited account balances under Article V D 2 below, with any remainder
to be applied and allocated as part of the Employer’s Non-Qualified Matching
Contribution for the Plan Year following the year of forfeiture (and in succeeding
plan years, if necessary, until exhausted).”

 

IN WITNESS WHEREOF, the Company has caused
this amendment to be executed by its duly authorized officer this 5th
day of March, 2004.

 

	
   

  	
  MERIT MEDICAL SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   

  
	
   

  	
  Name: Kent Stanger

  
	
   

  	
  Title: Chief Financial OfficerExhibit 4.15

 

SIXTH
AMENDMENT TO THE FIRST RESTATEMENT OF THE

MERIT
MEDICAL SYSTEMS, INC.

401(k)
PROFIT SHARING PLAN

 

This Sixth Amendment to the First Restatement
of the Merit Medical Systems, 401(k) Profit Sharing Plan (the “Plan”) is made
and adopted effective as of March 28, 2005, to read as follows:

 

WHEREAS, Merit Medical Systems, Inc.
(the “Company”) maintains the Plan for the benefit of its employees and the
employees of its participating subsidiaries; and

 

WHEREAS, the Company desires to amend the Plan
in certain respects;

 

NOW, THEREFORE, the Company hereby amends the
Plan as follows effective March 28, 2005:

 

1.                                       Article VI,
Section F, of the Plan is amended to add the following sentence at the end
thereof:

 

“Any provision
herein to the contrary notwithstanding, in the event of a mandatory distribution
greater than $1,000 and less than $5,001, to which the Participant consent
requirements of Section VI C4 do not apply, if the Participant does not
elect to have such distribution paid directly to an Eligible Retirement Plan
specified by the Participant in a direct rollover or to receive the
distribution directly, then distribution shall be made in a direct rollover to
an individual retirement plan designated by the Plan Administrator.”

 

IN WITNESS WHEREOF, the Company has caused
this amendment to be executed by its duly authorized officer this 8th
day of October, 2005.

 

	
   

  	
  MERIT MEDICAL SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:Exhibit 10.1

 

ADDENDUM I July 12, 2005

 

[INDICATED PORTIONS OF THIS EXHIBIT HAVE BEEN REDACTED AND FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT]

 

ADDENDUM
TO BMW GROUP INTERNATIONAL TERMS AND CONDITIONS FOR THE PURCHASE OF PRODUCTION
MATERIALS AND AUTOMOTIVE COMPONENTS (Status 23.05.2003),

By
and Between

BMW
OF NORTH AMERICA (BUYER)

And
NAVTEQ (SELLER)

(Covering
the Purchase of Map Data Discs for SVDO Navigation System)

 

REFERENCE is hereby made to the BMW Group International Terms and
Conditions for the Purchase of Production Materials and Automotive Components (“the
Agreement”).

 

WHEREAS, the parties desire to amend the Agreement to address how
certain changes in Calls for Delivery, Delays, Settlement of Accounts and
Tooling will be handled.

 

NOW THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto amend and
supplement the Agreement as follows:

 

1.               This amendment
shall be effective as of May 1, 2005.

 

2.               Provision 2: Purchase Orders and Calls for
Delivery

 

The
following shall be added as paragraph 2.11.

 

The minimum
initial order quantity for new Map Data disc coverage area release will be [redacted]
discs.  After the initial quantity is
issued to purchaser of the Map Data disc, orders for additional quantities may
be placed for [redacted] per Purchase Order. 
Unless otherwise agreed, Seller shall fulfill Buyer’s Purchase Orders
using the most current version of the disc master(s) held by Seller.  Seller will ship Map Data discs only after
Seller has received Buyer’s Parts Order Release.

 

3.               Provision 3: Delivery
Times, Delay and Force Majeure

 

The following shall be added to paragraph
3.2.

 

Seller will have 30 calendar days, from the
first day of production, to fill Buyer’s initial order. Buyer shall submit
additional/subsequent orders to Seller no later than 4 weeks prior to the
delivery date requested.  The applicable
milestones and deadlines are described in Exhibit A attached hereto.

 

1

 

ADDENDUM I July 12, 2005

 

The
following shall be added to paragraph 3.4.

 

[redacted] -.  If Buyer has to reorder current release discs
due to production delay of an updated version of the disc, Seller will waive
the minimum order quantity requirement and the restriction (described below) on
the number of discs that can be returned to Seller for credit.

 

If Seller is unable to ship the Map Data
Disc by the delivery date specified on Buyer’s Purchase Order, Seller will
credit Buyer [redacted] on Buyer’s Map
Data disc price for those Map Data Disc that are not timely shipped.

 

If Buyer fails to meet the applicable
deadlines as stated in Exhibit A, items 0.3, 0.5, 0.7, 0.8 and 0.9, Seller
will not be subject to penalty for late delivery of ordered discs.   If Seller incurs additional costs due to
Buyer failure to meet applicable deadlines, Seller will invoice Buyer for those
costs.

 

4.               Provision 7: Settlement of Accounts and
Payment

 

The
following shall be added as paragraph 7.9.

 

Seller
will notify Buyer when a new Map Data disc release is placed in Seller’s
inventory.  When the new release enters
Seller’s inventory, any previously release products held by Seller will be
considered obsolete.  Map Data discs held
by Buyer (or Buyer’s dealers) will be obsolete when Buyer receives Seller’s
latest Map Data disc release.

 

Subject to the restrictions described herein,
if discs shipped under Buyer’s Purchase Orders are returned to Seller as
obsolete, Seller will issue Buyer a restocking credit.  The restocking credit will be calculated by [redacted].  [redacted].

 

[redacted].  Seller must receive the obsolete product no
later than 90 days after Buyer’s receipt of the latest version of the Map Data
disc.  The products returned must be in
its original packaging, unopened and undamaged.   Buyer will comply with the following
procedure when returning obsolete product:

 

•                  Buyer
shall request a Return Merchandise Authorization (RMA) number from Seller’s
Contract Order Management Services group [redacted].  Buyer will be asked to provide the number of
discs to be returned.

 

•                  The RMA number, Buyer contact name and phone
number must be noted on the packing slip documentation included with the
returned product.

 

•                  Ship obsolete product to: Navigation
Technologies, [redacted],
or other designated address.

 

2

 

ADDENDUM I July 12, 2005

 

Seller will not issue a restocking credit to
Buyer for the following Map Data discs:

 

•                   Used products, demo
discs or discs not in unopened and undamaged original packaging.

 

•                   Obsolete shipped
product received by Seller after the 90-day time limit.

 

•                   Obsolete shipped
product in excess of [redacted] of the total amount [redacted]

 

•                   Discs
from the minimum initial order of [redacted] discs per coverage area per new
release.

 

•                   Discs older than
the previous version release.

 

5.               Provision 13: Tooling

 

The following shall be added as paragraph
13.10.

 

The minimum components for each packaged
Map Data disc will include: Map Data disc for a coverage area, disc case and
Map Data disc information guide.

 

•                  The
artwork for such Map Data disc, cover for the information guide, and disc case
will be based on custom digital artwork supplied by Buyer.  Buyer shall tailor the artwork in accordance
with the specifications provided in advance by Seller.  Seller may incorporate, Seller’s trademarks,
copyright notices and other legal notices and part number on the Map Data
disc.  The information guide will contain
highlights of new detailed coverage areas and end-user license agreement.

 

•                  The
Map Data discs shall be reproductions of Seller’s navigation database compiled
by the navigation system manufacturer (“NSM”) into the NSM’s format for use in
Buyer’s navigation systems.  Seller shall
be responsible for arranging for the NSM to perform the compiling, storing of
the compiled Navigation Database for each coverage area on a disc master from
which reproductions on discs can be made, and delivering such disc masters to
Seller.  [redacted].

 

•                  Seller
and its licensors are, and shall remain, the owners of the navigation database
and any software contained in the Goods, with the exception of Buyer’s digital
artwork, as well as Seller’s trademarks, including any and all intellectual
property rights with respect thereto, and no rights, title or interest to the
contrary are granted to Buyer.

 

PREVAILING
TERMS

 

The parties hereto acknowledge and agree that
these additional terms and conditions shall control to the extent they conflict
with the BMW Group International Terms and Conditions for the Purchase of
Production Materials and Automotive Components (Status 23.05.2003).

 

3

 

ADDENDUM I July 12, 2005

 

Except as amended, modified and supplemented hereby, the Agreement is
hereby ratified and confirmed and shall continue in full force and effect as
written.  Any words, phrases or
expressions used in this Amendment, which are defined or otherwise, referred to
in the Agreement, shall have the meaning assigned in the Agreement, unless
otherwise specified herein.

 

 

	
  BMW of North America, LLC

  	
  NAVTEQ

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Laszlo Levay

  	
   

  	
  By:

  	
  /s/ Lawrence M. Kaplan

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:07/18/05

  	
  Date: 08/02/05

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  BMW of North America, LLC

  	
  NAVTEQ

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Greg Marks

  	
   

  	
  By:

  	
  /s/ Lawrence M. Kaplan

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:07/18/05

  	
  Date: 08/02/05

  
								

 

4

 

ADDENDUM I July 12, 2005

 

Exhibit A

 

[redacted]

 

5

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