Document:

Exhibit 10.9 to Criticare 2006 Form 10-K

    EXHIBIT
      10.9

    

    EMPLOYMENT
      AGREEMENT

    

    

    This
      EMPLOYMENT AGREEMENT (the “Agreement”) is made as of June
      1,1999,
      as
      amended on September
      28, 2006 by
      and
      between CRITICARE SYSTEMS, INC., a Delaware corporation (the “Company”), and
      Drew Diaz (‘Employee”).

    

    RECITALS

    

    
      	 	
              A.

            	
              Employee
                is currently employed by the Company as its Senior Vice President
                

            

    

    of
      Worldwide Sales. 

    

    
      	 	
              B.

            	
              The
                Company desires to make certain agreements with Employee in order
                to
                induce Employee to remain in such employ and in exchange for Employee’s
                covenants herein.

            

    

    

    
      	 	
              C.

            	
              The
                parties desire to evidence their agreement as to the terms of the
                Company’s employment of Employee.

            

    

    

    

    AGREEMENT

    

    In
      consideration of the foregoing recitals and mutual covenants contained herein,
      the parties hereby agree as follows:

    

    
      	 	
              1.

            	
              Employment.
                The Company hereby continues its employment of Employee as the Company’s
                Senior Vice President of Worldwide Sales, and Employee hereby accepts
                such
                employment, subject to the provisions of this
                agreement.

            

    

    

    
      	 	
              2.

            	
              Duties
                and Authority.
                Employee shall be employed as the Company’s Senior Vice President of
                Worldwide Sales. Employee shall have such duties and authority as
                are
                customary for the Senior Vice President of Worldwide Sales of a publicly
                held corporation but focusing on the development, management and
                supervision of a distribution network for all markets worldwide excluding
                OEM, China and Taiwan. Employee agrees to devote his entire business
                time,
                energy and skills to such employment. However, it is understood that
                Employee shall not be required to devote more than the usual and
                customary
                hours per calendar week to such employment as are generally expected
                of
                similarly situated employees of publicly held companies. At all times,
                Employee shall be subject to the direction of the Company’s Board of
                Directors and its President.

            

    

    

    
      	 	
              3.

            	
              Compensation
                and Benefits.
                Employee shall be entitled to the following compensation and benefits
                for
                services rendered to the Company:

            

    

    

    
      	 	
              (a)

            	
              Compensation.
                Employee shall receive an annual base salary plus commissions payable
                in
                equal installments not less frequently than monthly. Employee’s base
                salary shall be reviewed annually within 30 days prior to the end
                of each
                fiscal year. (but such annual base salary shall not be reduced to
                less
                than the prior year’s annual base salary without Employee’s written
                consent).

            

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    
      	 	
              (b)

            	
              Bonus
                Plan.
                Employee shall be eligible to receive a bonus annually, based on
                Employee’s and the Company’s financial performance, in the discretion of
                the Board of Directors and/or
                President.

            

    

    

    
      	 	
              (c)

            	
              Expense
                Reimbursements. The
                Company shall reimburse Employee for actual out-of-pocket costs incurred
                for reasonable business expenses, other than automobile expenses
                (which
                are covered in Section 3(d)) in accordance with the policies and
                procedures of the Company in effect from time to
                time.

            

    

    

    
      	 	
              (d)

            	
              Automobile
                Allowance.
                Employee shall receive a Company car or car allowance subject to
                Company
                policies in effect from time to time with respect to reimbursement
                for
                personal use.

            

    

    

    
      	 	
              (e)

            	
              Vacations.
                Employee
                shall be entitled to paid vacations of not more than four weeks each
                calendar year, which may be taken at Employee’s discretion; provided,
                however, that such vacation shall not unreasonably interfere with
                the
                Company’s needs at such time. Unused vacation time for a calendar year
                shall not be carried over form one year to the
                next.

            

    

    

    
      	 	
              (f)

            	
              Health
                Insurance.
                Employee shall be entitled to family health insurance coverage under
                the
                Company’s group plan on a premium-sharing basis then in
                effect.

            

    

    

    
      	 	
              (g)

            	
              Life
                and Disability Insurance.
                Employee shall be entitled to participate in the Company’s group life
                insurance and disability insurance in effect from time to
                time.

            

    

    

    
      	 	
              (h)

            	
              Severance
                Pay. 

            

    

    

    
      	 	
              (i)

            	
              This
                Agreement may be terminated by the Company at any time for Cause
                (as
                hereinafter defined), and in such event Employee shall not be entitled
                to
                receive any further compensation. For purposes of this Agreement,
                the term
                “Cause” shall mean acts of fraud, repeated material misconduct, or
                intentional dishonesty by Employee in the course of Employee’s employment
                with the Company, or the commission of a
                felony.

            

    

    

    
      	 	
              (ii)

            	
              In
                the event that Employee voluntarily terminates Employee’s employment by
                the Company, Employee shall not be entitled to receive any further
                compensation; provided, however, that if such voluntary termination
                occurs
                at any time after a change of control (as hereinafter defined), Employee
                shall be entitled to receive severance benefits for a period
                of 24 months
                after the date of termination consisting of the following:
                

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    
      	 	
              A.

            	
              Payment
                equal to the most recent 24 months
                total compensation. 

            

    

    

    
      	 	
              B.

            	
              The
                amount which the Company pays for group heath insurance benefits
                with
                respect to such employee and Employee’s family and the continuation of
                Employee’s company provided group term life insurance and disability
                insurance or equivalent coverage, 

            

    

    

    
      	 	
              C.

            	
              Continuation
                of use of the company car or an equivalent car
                allowance.

            

    

     

    
      	 	
              (iii)

            	
              Notwithstanding
                anything to the contrary herein, Employee’s employment hereunder may be
                terminated by the Company without Cause at any time either prior
                to or
                after a “Change in Control” (as hereinafter defined), however, in such
                event, Company shall pay Employee for a period of 24 months after
                the date
                of termination as severance benefits consisting of the
                following;

            

    

    

    
      	 	
              A.

            	
              Payment
                equal to the most recent 24 months total
                compensation.

            

    

    

    
      	 	
              B.

            	
              The
                amount which the Company pays for group heath insurance benefits
                with
                respect to such Employee and Employee’s family and the continuation of
                Employee’s company provided group term life insurance and disability
                insurance or equivalent coverage, 

            

    

    

    
      	 	
              C.

            	
              Continuation
                of use of the company car or an equivalent car
                allowance.

            

    

    

    A
      termination without cause shall be deemed to have occurred if Company, without
      Employee’s consent, materially reduces Employee’s responsibilities, reduces
      Employee’s salary or commission structure or requires Employee to relocate or
      transfer to a site further than 30 miles from Employee’s current place of
      employment.

    

    The
      term
“Change in Control” shall mean 

    

    (a) The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of
      Rule 13d 3 promulgated under the Exchange Act) of 50% or more of either (I)
      the
      then outstanding shares of common stock of the Company (the "Outstanding Company
      Common Stock") or (ii) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in
      the
      election of directors (the "Outstanding Company Voting Securities");

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    provided,
      however, that the following acquisitions shall not constitute a Change in
      Control: (I) any acquisition directly from the Company, (ii) any acquisition
      by
      the Company, or (iii) any acquisition by any employee benefit plan (or related
      trust) sponsored or maintained by the Company or any entity controlled by the
      Company; or

    

    (b) Individuals
      who, as of the date hereof, constitute the Board of Directors of the Company
      (the "Incumbent Board") cease for any reason to constitute at least a majority
      of the Board of Directors of the Company; provided, however, that any individual
      becoming a director subsequent to the date hereof whose election, or nomination
      for election by the Company's stockholders, was approved by a vote of at least
      a
      majority of the directors then comprising the Incumbent Board shall be
      considered as though such individual were a member of the Incumbent Board,
      but
      excluding, for this purpose, any such individual whose initial assumption of
      office occurs as a result of an actual or threatened election contest with
      respect to the election or removal of directors or other actual or threatened
      solicitation of proxies or consents by or on behalf of a Person other than
      the
      Board of Directors; or

    

    (c) The
      consummation of a reorganization, merger or consolidation (a "Business
      Combination"), in each case, unless, following such Business Combination, (i)
      all or substantially all of the individuals and entities who were the beneficial
      owners, respectively, of the Outstanding Company Common Stock or Outstanding
      Company Voting Securities immediately prior to such Business Combination
      beneficially own, directly or indirectly, more than a majority of, respectively,
      the then outstanding shares of common stock (or equivalent thereof) or the
      combined voting power of the then outstanding voting securities entitled to
      vote
      generally in the election of directors (or equivalent thereof), as the case
      may
      be, of the entity resulting from such Business Combination (including, without
      limitation, an entity which as a result of such transaction owns the Company
      through one or more subsidiaries) in substantially the same proportions as
      their
      ownership, immediately prior to such Business Combination of the Outstanding
      Company Common Stock or Outstanding Company Voting Securities, as the case
      may
      be, (ii) no Person (excluding any employee benefit plan (or related trust)
      of
      the Company or such entity resulting from such Business Combination)
      beneficially owns, directly or indirectly, 50% or more of, respectively, the
      then outstanding shares of common stock (or equivalent thereof) of the entity
      resulting from such Business Combination or the combined voting power of the
      then outstanding voting securities of such entity except to the extent that
      such
      ownership existed prior to the Business Combination and (iii) at least a
      majority of the members of the board of directors (or equivalent thereof) of
      the
      entity resulting from such Business Combination were members of the Incumbent
      Board at the time of the execution of the initial agreement, or of the action
      of
      the Board, providing for such Business Combination; or

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    (d) The
      consummation of a sale or other disposition of all or substantially all of
      the
      assets of the Company, other than to an entity, with respect to which following
      such sale or other disposition, (i) more than a majority of, respectively,
      the
      then outstanding shares of common stock (or equivalent thereof) of such entity
      or the combined voting power of the then outstanding voting securities of such
      entity entitled to vote generally in the election of directors (or equivalent
      thereof) is then beneficially owned, directly or indirectly, by all or
      substantially all of the individuals and entities who were the beneficial
      owners, respectively, of the Outstanding Company Common Stock and outstanding
      Company Voting Securities immediately prior to such sale or other disposition
      in
      substantially the same proportion as their ownership, immediately prior to
      such
      sale or other disposition, of the Outstanding Company Common Stock or
      Outstanding Company Voting Securities, as the case may be, (ii) less than 50%
      of, respectively, the then outstanding shares of common stock (or equivalent
      thereof) of such entity and the combined voting power of the then outstanding
      voting securities of such entity entitled to vote generally in the election
      of
      directors (or equivalent thereof) is then beneficially owned, directly or
      indirectly, by any Person (excluding any employee benefit plan (or related
      trust) of the Company or such entity), except to the extent that such Person
      owned 50% or more of the Outstanding Company Common Stock or Outstanding Company
      Voting Securities prior to the sale or disposition, as the case may be, and
      (iii) at least a majority of the members of the board of directors (or
      equivalent thereof) of such entity were members of the Incumbent Board at the
      time of the execution of the initial agreement, or of the action of the Board,
      providing for such sale or other disposition of assets of the Company or were
      elected, appointed or nominated by the Board.

    

    All
      amounts payable to Employee under this Section 3 shall be paid in normal payroll
      installments on normal payroll dates less all applicable withholding. Except
      as
      otherwise provided in this Section 3, as of the effective date of termination,
      all obligations of the Company to pay Employee compensation shall terminate
      and
      the Company shall have no further obligation to Employee after the date of
      termination.

    

    Upon
      termination of employment for any reason, Employee will deliver to the Company
      all data, records and information, including without limitation, all documents,
      correspondence, files, notebooks, reports, computer programs, software, manuals,
      customer information, samples and all other materials and copies thereof
      relating to the Company’s business which Employee may possess or which are under
      Employee’s control.

     

    
      	 	
              4.

            	
              Options.
                In
                the event of a Change in Control of the Company as those terms are
                defined
                in the Agreement, stock options held by Employee shall become immediately
                exercisable without regard to vesting and/or applicable benchmarks
                unless
                the agreement governing 

            

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    the
      exercise of such options contains provisions
      expressly to the contrary. In the event of  a
      sale or
      an exchange of assets or stock anticipated to constitute a Change of Control,
      the  Company
      agrees that it shall make provisions for the conversion or exchange of shares
      to
 be
      received upon the exercise of such options for the consideration to be received
      by  stockholders
      of the Company generally; provided, however, that Employee may be  required
      to provide to the Company an irrevocable notice of exercise a reasonable period
       of
      time
      prior to the actual closing date to facilitate such
      exchange.

     

    
      	 	
              5.

            	
              Confidentiality.
                Employee covenants that Employee shall at all times keep confidential
                the
                Company’s financial statements and other financial information, except to
                the extent (a) disclosure of financial information (but not financial
                statements) is incidental to the performance of Employee’s duties for the
                Company, (b) disclosure is required by applicable law, or (c) the
                Company’s Board of Directors authorizes
                disclosure.

            

    

    

    
      	 	
              6.

            	
              Other
                Company Employees.
                For a period of one year from the date Employee’s employment by the
                Company terminates, Employee shall not (a) solicit another Company
                employee to leave the Company’s employ and work for the Employee or
                another person or entity, or (b) participate in the hiring of another
                Company employee by another person or entity away from the
                Company.

            

    

    

    
      	 	
              7.

            	
              Restrictive
                Covenant. 

            

    

    

    
      	 	
              (a)

            	
              As
                used in this Section 7, the following definitions
                apply:

            

    

    

    “Products”
      mean vital signs medical monitoring equipment primarily marketed for use in
      hospital and alternate care medical facilities.

    

    “Protected
      territory” means the United States of America.

    

    
      	 	
              (i)

            	
              Important
                and essential assets of the Company’s business are the identity of the
                Company’s customers for its Products in the Protected Territory and the
                identity of relationships in its distributor network for its Products
                in
                the Protected Territory and their goodwill toward the Company relating
                to
                the marketing and distribution of the Company’s Products in the Protected
                Territory, and

            

    

    

    
      	 	
              (ii)

            	
              The
                company through Employee has expended substantial time, money and
                effort
                in acquiring its customers and distribution network for its Products
                in
                the Protected Territory, and the business and goodwill which the
                Company
                enjoys are dependent to a high degree upon their personal relationships
                with Employee;

            

    

    

    
      	 	
              (iii)

            	
              Selling
                and servicing the Company’s Products in the Protected Territory requires
                special skills and knowledge which are valuable assets of the
                Company.

            

    

    

    
      	 	
              (b)

            	
              Employee
                expressly agrees that during the term of this Agreement and for a
                period
                of 12 months after Employee’s voluntary termination of employment or
                

            

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    for
      a
      period of 12 months after the Company’s termination of Employee’s  employment
      with or without Cause (the running of said 12 month periods being tolled
      during any breach of the provisions of this section):

    

    

    
      	 	
              (i)

            	
              The
                Employee will not, either directly or indirectly, for himself or
                on behalf
                of or in conjunction with any other person, firm, partnership,
                corporation, association or other entity, contact in the Protected
                Territory any customer of the Company to whom the Company has sold
                any of
                its Products within 12 months immediately preceding Employee’s termination
                or to whom the Company or any member of its distribution network
                has made
                a proposal in the Protected Territory for the sale of the Company’s
                Products within the six months preceding Employee’s termination or to whom
                Employee or Company’s distribution network called upon in the Protected
                Territory during the periods described above for the primary purpose
                of
                soliciting such customer in the Protected Territory with respect
                to
                purchasing or obtaining services with respect to Products for use
                in the
                Protected Territory which compete with Products manufactured and
                sold by
                the Company, and 

            

    

    

    
      	 	
              (ii)

            	
              Employee
                will not directly or indirectly solicit or communicate with members
                of the
                Company’s distribution network in the Protected Territory at the time
                Employee’s employment is terminated or who were members of such
                distribution network in the Protected Territory within 12 months
                immediately preceding such termination date (y). for the purpose
                of
                encouraging such persons to leave or terminate their relationship
                with the
                company, or (z) for the primary purpose of encouraging such members
                to
                represent any other person, firm, partnership, corporation, association
                or
                other entity with respect to the sale, lease or servicing of Products
                in
                the Protected Territory which compete with Products manufactured
                and sold
                by the Company.

            

    

    

    
      	 	
              (c)

            	
              Employee
                further expressly agrees that at no time during the term of this
                agreement
                will Employee engage in or have financial interest in any business
                which
                is offering, selling, supplying, manufacturing, or servicing Products
                which are competitive with any Products offered, sold or supplied
                by the
                Company to any person, firm, partnership, corporation, or other
                entity.

            

    

    

    
      	 	
              (d)

            	
              Employee
                further agrees that the remedy at law for any breach for any of the
                provisions of this section will be inadequate and that the Company,
                its
                successors or assigns shall be entitled to injunctive relief in addition
                to any other rights or remedies which the Company may have for any
                such
                breach.

            

    

    

    
      	 	
              8.

            	
              Arbitration. 
                Any controversy or claims arising out of or relating to this Agreement
                shall be submitted to binding arbitration in accordance with the
                Commercial Arbitration Rules 

            

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	 	
               

            	
              of
                the American Arbitration Association in Waukesha County, Wisconsin,
                and
                judgment  upon the award rendered by the arbitrator may be entered in
                any court having jurisdiction  thereof. If the parties cannot agree
                on the choice of a single arbitrator within 15 days  after receipt of
                a notice of arbitration, then the parties shall contact the chairperson
                of
                the  Alternative Dispute Resolution section of the Wisconsin Bar, who
                shall select an  independent arbitrator, and the arbitration shall be
                decided by such independent  arbitrator. Each of the parties reserves
                the right to file with a court of competent  jurisdiction an
                application for temporary or preliminary injunctive relief or a temporary
                 protective order on the grounds that the arbitration award to which
                the applicant may be  entitled may be rendered ineffective in the
                absence of such relief. The arbitration award  shall be in writing,
                and shall specify the factual and legal basis for the award. The
                losing
                 party shall pay all costs and expenses of the
                arbitrator.

            

    

     

    
      	 	
              9.

            	
              Notices.
                Any notice, request, approval, consent, demand, permission or other
                communication required or permitted by this Agreement shall be effective
                only if it is in writing signed by the party giving same and shall
                be
                deemed to have been sent, given and received
                only either (a) three days after depositing in the United States
                Mail,
                registered or certified mail, return receipt requested, with first-class
                postage prepaid, addressed as
                follows:

            

    

     

    If
      to the
      Employee:

    

    Drew
      Diaz

    2804
      Red
      Oak Court E

    Colleyville,
      Texas, 76034

    

    If
      to the
      Company:

    

    Criticare
      Systems, Inc.

    20925
      Crossroads Circle, Suite 100

    Waukesha,
      WI 53186-4054

    Attn:
      President

    

    Or
      to
      such other address as the intended recipient may have theretofore specified
      by
      notice given to the sender as provided in this section.

    

    
      	 	
              10.

            	
              Assignability.
                This Agreement requires the personal services of Employee, and Employee’s
                rights or obligations hereunder may not be assigned or delegated
                except as
                set forth in this Agreement. In the event of a sale of the stock
                of the
                Company, or consolidation or merger of the Company with or into another
                company or entity, or the sale of all or any substantial part of
                the
                assets of the Company to another corporation, entity or individual,
                the
                Company may assign this Agreement to any successor in interest and
                upon
                such assignment, Company shall have no further liability hereunder
                and the
                successor in interest shall be subject to all obligations and be
                entitled
                to enforce all rights of
                the Company under this Agreement. Subject to the foregoing, this
                Agreement
                shall  bind
                and inure to the benefit of the parties and their respective successors
                and assigns.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
 

    
      	 	
              11.

            	
              Other
                Agreements. This
                Agreement contains the entire agreement between the Company and Employee
                with respect to the subject matter hereof, and merges and supersedes
                all
                prior agreements, understandings or negotiations whatsoever with
                respect
                to the subject matter hereof.

            

    

    

    
      	 	
              12.

            	
              Amendments
                and Waivers.
                No
                amendments to this Agreement or any waiver of any of its provisions
                shall
                be effective unless expressly stated in writing signed by both parties.
                No
                delay or omission in the exercise of any right, power or remedy under
                or
                for this Agreement shall impair this right, power or remedy or be
                construed as a waiver of any breach. Any waiver of a breach of any
                provision of this Agreement shall not be treated as a waiver of any
                other
                provision of this Agreement or of any subsequent breach of the same
                or any
                other provision of this Agreement.

            

    

    

    
      	 	
              13.

            	
              Severability.
                If
                any provision of the Agreement shall be held illegal, invalid or
                otherwise
                unenforceable under controlling law, the remaining provisions of
                this
                Agreement shall not be affected thereby but shall continue in
                effect.

            

    

    

    
      	 	
              14.

            	
              Governing
                Law.
                This Agreement shall be governed by and construed and enforced in
                accordance with the laws of the State of
                Wisconsin.

            

    

    

    

    CRITICARE
      SYSTEMS, INC.

     

    

    By:  
      /s/ Emil H.
      Soika                                        

             Emil
      H.
      Soika, President and CEO

    

    

    EMPLOYEE:

     

     

    /s/  Drew
      Diaz                                                   

                                        
              Drew
      Diaz

     

    
      9Exhibit 10.15 to Criticare 2006 Form 10-K

    EXHIBIT
      10.15

    

    

    AMENDMENT
      TO EMPLOYMENT AGREEMENT

    

    This
      Amendment to Employment
      Agreement is entered into as of September 28, 2006 between CRITICARE SYSTEMS,
      INC., a Delaware corporation (the "Company"), and EMIL H. SOIKA (the
      "Employee").

    

    RECITALS

    

    A. The
      Employee and the Company are parties to an Employment Agreement dated as of
      June
      26, 2001, as amended on September 1, 2005 (the "Original Agreement").
Terms
      used and not otherwise defined herein shall take the meanings given them in
      the
      Original Agreement.

    

    B. The
      Employee and the Company desire to amend the Original Agreement in the manner
      set forth below with respect to the definition of Change in
      Control.

    

    AGREEMENTS

    

    In
      consideration of the foregoing and the mutual covenants and agreements contained
      herein and in the Original Agreement, and intending to be legally bound hereby,
      the Employee and the Company hereby agree as follows:

    

    1. Amendment
      to the definition of Change in Control.
      The
      paragraph under Section 3(h) of the Original Agreement that begins with
      "The term "Change in Control" shall mean" is hereby amended to read in its
      entirety as follows: 

    

    The
      term
      "Change in Control" shall mean:

    

    (a) The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of
      Rule 13d 3 promulgated under the Exchange Act) of 50% or more of either (I)
      the
      then outstanding shares of common stock of the Company (the "Outstanding Company
      Common Stock") or (ii) the combined voting power of the then outstanding voting
      securities of the Company entitled to vote generally in the election of
      directors (the "Outstanding Company Voting Securities"); provided, however,
      that
      the following acquisitions shall not constitute a Change in Control: (I) any
      acquisition directly from the Company, (ii) any acquisition by the Company,
      or
      (iii) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company or any entity
      controlled by the Company; or

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b) Individuals
      who, as of the date hereof, constitute the Board of Directors of the Company
      (the "Incumbent Board") cease for any reason to constitute at least a majority
      of the Board of Directors of the Company; provided, however, that any individual
      becoming a director subsequent to the date hereof whose election, or nomination
      for election by the Company's stockholders, was approved by a vote of at least
      a
      majority of the directors then comprising the Incumbent Board shall be
      considered as though such individual were a member of the Incumbent Board,
      but
      excluding, for this purpose, any such individual whose initial assumption of
      office occurs as a result of an actual or threatened election contest with
      respect to the election or removal of directors or other actual or threatened
      solicitation of proxies or consents by or on behalf of a Person other than
      the
      Board of Directors; or

    

    (c) The
      consummation of a reorganization, merger or consolidation (a "Business
      Combination"), in each case, unless, following such Business Combination, (i)
      all or substantially all of the individuals and entities who were the beneficial
      owners, respectively, of the Outstanding Company Common Stock or Outstanding
      Company Voting Securities immediately prior to such Business Combination
      beneficially own, directly or indirectly, more than a majority of, respectively,
      the then outstanding shares of common stock (or equivalent thereof) or the
      combined voting power of the then outstanding voting securities entitled to
      vote
      generally in the election of directors (or equivalent thereof), as the case
      may
      be, of the entity resulting from such Business Combination (including, without
      limitation, an entity which as a result of such transaction owns the Company
      through one or more subsidiaries) in substantially the same proportions as
      their
      ownership, immediately prior to such Business Combination of the Outstanding
      Company Common Stock or Outstanding Company Voting Securities, as the case
      may
      be, (ii) no Person (excluding any employee benefit plan (or related trust)
      of
      the Company or such entity resulting from such Business Combination)
      beneficially owns, directly or indirectly, 50% or more of, respectively, the
      then outstanding shares of common stock (or equivalent thereof) of the entity
      resulting from such Business Combination or the combined voting power of the
      then outstanding voting securities of such entity except to the extent that
      such
      ownership existed prior to the Business Combination and (iii) at least a
      majority of the members of the board of directors (or equivalent thereof) of
      the
      entity resulting from such Business Combination were members of the Incumbent
      Board at the time of the execution of the initial agreement, or of the action
      of
      the Board, providing for such Business Combination; or

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    (d) The
      consummation of a sale or other disposition of all or substantially all of
      the
      assets of the Company, other than to an entity, with respect to which following
      such sale or other disposition, (i) more than a majority of, respectively,
      the
      then outstanding shares of common stock (or equivalent thereof) of such entity
      or the combined voting power of the then outstanding voting securities of such
      entity entitled to vote generally in the election of directors (or equivalent
      thereof) is then beneficially owned, directly or indirectly, by all or
      substantially all of the individuals and entities who were the beneficial
      owners, respectively, of the Outstanding Company Common Stock and outstanding
      Company Voting Securities immediately prior to such sale or other disposition
      in
      substantially the same proportion as their ownership, immediately prior to
      such
      sale or other disposition, of the Outstanding Company Common Stock or
      Outstanding Company Voting Securities, as the case may be, (ii) less than 50%
      of, respectively, the then outstanding shares of common stock (or equivalent
      thereof) of such entity and the combined voting power of the then outstanding
      voting securities of such entity entitled to vote generally in the election
      of
      directors (or equivalent thereof) is then beneficially owned, directly or
      indirectly, by any Person (excluding any employee benefit plan (or related
      trust) of the Company or such entity), except to the extent that such Person
      owned 50% or more of the Outstanding Company Common Stock or Outstanding Company
      Voting Securities prior to the sale or disposition, as the case may be, and
      (iii) at least a majority of the members of the board of directors (or
      equivalent thereof) of such entity were members of the Incumbent Board at the
      time of the execution of the initial agreement, or of the action of the Board,
      providing for such sale or other disposition of assets of the Company or were
      elected, appointed or nominated by the Board.

    

    2. All
      remaining provisions of the Original Agreement remain unchanged and in full
      force and effect.

    

    [Remainder
      of page intentionally left blank. Signature page to follow.]

     

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Employee and the Company have caused this Amendment to
      be
      duly executed as of the date first written above.

    

    

    CRITICARE
      SYSTEMS, INC.

    

     

    By: 
      /s/ Joel D.
      Knudson                                               

            Joel
      D. Knudson, Vice President - Finance 

    

    

    

    EMPLOYEE:
      

    

    /s/
      Emil H.
      Soika                                                              

    Emil
      H.
      Soika

     

     

     

     

    
      4

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