Document:

Form of Restricted Stock Award Agreement

 Exhibit 10.15 
 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK AWARD 
 You
have been granted restricted shares of Common Stock of CardioDynamics International Corporation (the “Company”) on the following terms: 
  

			
	Date of Grant:	  	[Date of Grant]
		
	Name of Recipient:	  	[Name of Recipient]
		
	Total Number of Shares Granted:	  	[Total Shares]
		
	Fair Market Value per Share:	  	[Stock Price on grant date]
		
	Total Fair Market Value Of Award:	  	$[Total Value]
		
	Vesting Commencement Date:	  	Date of Grant
		
	Vesting Schedule:	  	[ % of the shares subject to this award vest on the ___ anniversary of the Vesting Commencement Date and __% of the shares subject to this award vest on the _____ anniversary of the Vesting
Commencement Date, subject to your continuous common-law employment with the Company or a Subsidiary.]

 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 NOTICE OF RESTRICTED STOCK AWARD 

 By signing this document, you and the Company agree that these shares are granted under and governed
by the terms and conditions of the CardioDynamics International Corporation 2004 Stock Incentive Plan (the “Plan”) and the Restricted Stock Agreement, which is attached to and made a part of this document. 
 By signing this document you further agree that the Company may deliver by e-mail all documents relating to the Plan or this award (including without
limitation, prospectuses required by the Securities Act of 1933 and the regulations promulgated thereunder by the Securities Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including
without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under contract with the Company. If the Company posts
these documents on a website, it will notify you by e-mail. 
  

					
	[NAME OF RECIPIENT]	 		 	CARDIODYNAMICS INTERNATIONAL CORPORATION
			
	  	 	By:	 	  
			
	 	 	Title:	 	  

 Spousal Consent 
                          [RECIPIENT’S SPOUSE] indicates by
the execution of this Agreement such spouse’s consent to be bound by the terms herein as to such spouse’s interest, if any, in the Shares, whether as community property or otherwise. 
  

	
	
	  
	(Signature)
	
	  
	(Printed Name)

 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 NOTICE OF RESTRICTED STOCK AGREEMENT 

 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 SECTION 1. PAYMENT FOR SHARES. 
 No
payment is required for the shares that you are receiving. 
 SECTION 2. GOVERNING PLAN. 
 The shares that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the CardioDynamics International
Corporation 2004 Stock Incentive Plan (the “Plan”), which is incorporated herein by reference. Terms not otherwise defined in this Agreement have meanings ascribed to them in the Plan. 
 SECTION 3. VESTING. 
 The shares that
you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award. 
 No additional shares vest after your
common-law employment with the Company or a Subsidiary has terminated for any reason. 
 SECTION 4. SHARES RESTRICTED. 
 Unvested shares will be considered “Restricted Shares.” You may not sell, transfer, pledge or otherwise dispose of Restricted Shares without the
written consent of the Company. If permitted by the Company, you may transfer Restricted Shares to your spouse, children or grandchildren or to a trust established by you for the benefit of yourself or your spouse, children or grandchildren.
However, a transferee of Restricted Shares must agree in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. 
 SECTION 5. FORFEITURE. 
 If your Service terminates for any reason, then your shares will be forfeited to the
extent that they have not vested before the termination date and do not vest as a result of termination. This means that the Restricted Shares will immediately revert to the Company. You receive no payment for Restricted Shares that are forfeited.
The Company determines when your Service terminates for this purpose. 
 SECTION 6. LEAVES OF ABSENCE AND PART-TIME WORK. 
 For purposes of this award, your Service does not terminate when you go on a military leave of absence, a sick leave of absence or another bona fide leave
of absence, if the leave of absence was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. Your Service will terminate when the approved leave of absence ends unless
you immediately return to active work. 
 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 RESTRICTED STOCK AGREEMENT 

 SECTION 7. STOCK CERTIFICATES. 
 The certificates for Restricted Shares have stamped on them a special legend referring to the forfeiture restrictions. In addition to or in lieu of
imposing the legend, the Company may hold the certificates in escrow. As your vested percentage increases, you may request (at reasonable intervals) that the Company release to you a non-legended certificate for your vested shares. 
 SECTION 8. SHAREHOLDER RIGHTS. 
 During the period of time between the date of grant and the date the shares become vested, you shall have all the rights of a shareholder with respect to the shares except for the right to transfer the shares, as set forth in
Section 4. Accordingly, you shall have the right to vote the shares and to receive any cash dividends paid with respect to the shares. 
 SECTION
9. WITHHOLDING TAXES. 
 No stock certificates will be distributed to you unless any withholding taxes that may be due as a
result of this award or the vesting of the shares have been paid. By signing this Agreement, you authorize the Company or your actual employer to withhold all applicable withholding taxes legally payable by you. The Company, in its sole discretion,
will withhold shares of Common Stock that otherwise would be distributed to you when they vest to satisfy the withholding obligation, but not in excess of the amount of shares necessary to satisfy the minimum withholding amount. The Fair Market
Value of these shares, determined as of the date when taxes otherwise would have been withheld in cash, will be applied to the withholding taxes. You also authorize the Company, or your actual employer, to satisfy all withholding obligations of the
Company or your actual employer from your wages or other cash compensation payable to you by the Company or your actual employer. 
 SECTION 10.
RESTRICTIONS ON RESALE. 
 You agree not to sell any shares at a time when applicable laws, Company policies or an agreement
between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify. 
 SECTION 11. NO RETENTION RIGHTS. 
 Your
award or this Agreement does not give you the right to be employed or retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to terminate your Service at any time, with or without
cause. 
 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 RESTRICTED STOCK AGREEMENT 

 SECTION 12. ADJUSTMENTS. 
 In the event of a stock split, a stock dividend or a similar change in Company stock, or a merger or a reorganization of the Company, the forfeiture
provision of Section 5 will apply to all new, substitute or additional securities or other properties to which you are entitled by reason of your ownership of the shares. 
 SECTION 13. APPLICABLE LAW. 
 This Agreement will be interpreted and enforced under the
laws of the State of California (without regard to choice-of-law provisions). 
 SECTION 14. THE PLAN AND OTHER AGREEMENTS. 

The text of this Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and
the Company regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement between the parties. 
 SECTION 15. SUCCESSORS AND ASSIGNS. 
 The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by, the Company’s successors and assigns. Your rights and obligations under this Agreement may only be assigned with the prior written consent
of the Company. 
 SECTION 16. NOTICE. 
 Any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given upon the earliest of personal delivery, receipt or the third full day following deposit in the
United States Post Office with postage and fees prepaid, addressed to the other party hereto at the address last known or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.

 SECTION 17. NO ORAL MODIFICATION. 
 No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto. 
 CARDIODYNAMICS INTERNATIONAL CORPORATION 
 RESTRICTED STOCK AGREEMENTForm of Indemnification Agreements

 EXHIBIT 10.16A 
 INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT is made and entered into this
     day of January, 1997 between CardioDynamics International Corporation, a California corporation (“Corporation”), and
                             (“Officer”). 
 RECITALS: 
 A. Officer, an officer
(but not currently a member of the Board of Directors) of Corporation, performs a valuable service in such capacity for Corporation; and 
 B. The shareholders of Corporation have adopted Bylaws (the “Bylaws”) and Articles of Incorporation provisions (the “Articles”) providing, for the indemnification of the officers, directors, agents and employees of
Corporation to the maximum extent authorized by Section 317 of the California General Corporation Law, as amended (the “Law”); and 
 C. The Bylaws, the Articles and the Law, by their non-exclusive nature, authorize and permit contracts between Corporation and its officers with respect to indemnification of officers, providing such officers with protections in excess of
those otherwise permitted by the Law; and 
 D. In accordance with the authorization as provided by the Law, Corporation may from time to
time purchase and maintain a policy or policies of Directors and Officers Liability Insurance (“D & O Insurance”), covering certain liabilities which may be incurred by its directors and officers in the performance of services as
directors and officers of Corporation; and 
 E. As a result of developments affecting the terms, scope and availability of D & O
Insurance there exists general uncertainty as to the extent and overall desirability of protection afforded officers by such D & O Insurance, if any, and by statutory and bylaw indemnification provisions; and 
 F. In order to induce Officer to continue to serve as an officer of Corporation, Corporation has determined and agreed to enter into this contract with
Officer; 
 NOW, THEREFORE, in consideration of Officer’s continued service as an officer after the date hereof, the parties hereto
agree as follows: 
 1. Indemnity of Officer. Corporation hereby agrees to hold harmless and indemnify Officer to the fullest extent
authorized or permitted by the provisions of the Law, as it may be amended from time to time. 

 2. Additional Indemnity. Subject only to the exclusions set forth in Section 3 hereof,
Corporation hereby further agrees to hold harmless and indemnify Officer: 
 (a) against any and all legal expenses (including attorneys’
fees), witness fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by Officer in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (including an action by or in the right of Corporation) to which Officer is, was or at any time becomes a party, or is threatened to be made a party, by reason of the fact that Officer is, was or at any time becomes a director,
officer, employee or agent of Corporation, or is or was serving or at any time serves at the request of Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise; and 
 (b) otherwise to the fullest extent as may be provided to Officer by Corporation under the non-exclusivity provisions of
the Bylaws, the Articles and the Law. 
 3. Limitations on Additional Indemnity. No indemnity pursuant to Section 2 hereof shall
be paid by Corporation: 
 (a) except to the extent the aggregate of losses to be indemnified thereunder exceeds the sum of such losses for
which Officer is indemnified pursuant to Section 1 hereof or pursuant to any D & O Insurance purchased and maintained by Corporation; 
 (b) in respect of remuneration paid to Officer if it shall be determined by a final judgment or other final adjudication that such remuneration was in violation of law; 
 (c) on account of any action, suit or proceeding in which judgment is rendered against Officer for an accounting of profits made from the purchase or
sale by Officer of securities of Corporation pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory law; 
 (d) on account of Officer’s conduct which is finally adjudged to have been knowingly fraudulent or deliberately dishonest; 
 (e) on account of Officer’s conduct which is the subject of an action, suit or proceeding described in Section 7(c)(ii) hereof; 
 (f) on account of or arising in response to any action, suit or proceeding (other than an action, suit or proceeding referred to in Section 8(b)
hereof) initiated by Officer or any of Officer’s affiliates against Corporation or any officer, director or shareholder of Corporation unless such action, suit or proceeding was authorized in the specific case by action of the Board of
Directors of Corporation; 
  

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 (g) on account of any action, suit or proceeding to the extent that Officer is a plaintiff, a
counter-complainant or a cross-complainant therein (other than an action, suit or proceeding permitted by Section 3(f) hereof); or 
 (h) if a final decision by a Court having jurisdiction in the matter shall determine that such indemnification is not lawful (and, in this respect, both Corporation and Officer have been advised that the Securities and Exchange Commission
believes that indemnification for liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication).

 In addition to those limitations set forth above in this Section 3, no indemnity pursuant to Section 2 hereof shall be paid by
Corporation for any of the following breaches of duty to Corporation and its shareholders: 
 (i) acts or omissions that involve intentional
misconduct or a knowing and culpable violation of law; 
 (ii) acts or omissions that Officer believes to be contrary to the best interests
of Corporation or its shareholders or that involve the absence of good faith on the part of Officer; 
 (iii) any transaction from which
Officer derived an improper personal benefit; 
 (iv) acts or omissions that show a reckless disregard for Officer’s duty to Corporation
or its shareholders in circumstances in which Officer was aware, or should have been aware, in the ordinary course of performing his duties, of a risk of serious injury to Corporation or its shareholders; 
 (v) acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of Officer’s duty to Corporation or its
shareholders; 
 (vi) acts or omissions prohibited by Section 310 of the California Corporations Code, “Transactions Between
Corporations and Directors or Corporations Having Interrelated Directors”; 
 (vii) acts or omissions prohibited by Section 316 of
the California Corporations Code, “Directors’ Liability for Distributions, Loans and Guarantees”. 
 4. Contribution.
If the indemnification provided in Sections 1 and 2 is unavailable and may not be paid to Officer for any reason other than those set forth in paragraphs (b) through (g) of Section 3, then in respect of any threatened, pending or
completed action, suit or proceeding in which Corporation is or is alleged to be jointly liable with Officer (or would be if joined in such action, suit or proceeding), Corporation shall contribute to the amount of expenses (including
attorneys’ fees), judgments, fines and amounts paid in 

  

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settlement actually and reasonably incurred and paid or payable by Officer in such proportion as is appropriate to reflect (i) the relative benefits
received by Corporation on the one hand and Officer on the other hand from the transaction from which such action, suit or proceeding arose, and (ii) the relative fault of Corporation on the one hand and of Officer on the other hand in
connection with the events which resulted in such expenses, judgments, fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of Corporation on the one hand and of Officer on the other hand shall be
determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such expenses, judgments, fines or settlement amounts.
Corporation agrees that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable
considerations. 
 5. Continuation of Obligations. All agreements and obligations of Corporation contained herein shall continue
during the period Officer is a director, officer, employee or agent of Corporation (or is or was serving at the request of Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise) and-shall continue thereafter so long as Officer shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal or investigative, by reason of the fact
that Officer was serving Corporation or such other entity in any capacity referred to herein. 
 6. Notification and Defense of Claim.
Not later than thirty (30) days after receipt by Officer of notice of the commencement of any action, suit or proceeding, Officer will, if a claim in respect thereof is to be made against Corporation under this Agreement, notify Corporation of
the commencement thereof; but the omission so to notify Corporation will not relieve it from any liability which it may have to Officer otherwise than under this Agreement. With respect to any such action, suit or proceeding as to which Officer
notifies Corporation of the commencement thereof: 
 (a) Corporation will be entitled to participate therein at its own expense; 

(b) except as otherwise provided below, to the extent that it may wish, Corporation jointly with any other indemnifying party similarly notified will
be entitled to assume the defense thereof, with counsel reasonably satisfactory to Officer. After notice from Corporation to Officer of its election to assume the defense thereof, Corporation will not be liable to Officer under this Agreement for
any legal or other expenses subsequently incurred by Officer in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Officer shall have the right to employ his own counsel in such action,
suit or proceeding but the fees and expenses of such counsel incurred after notice from Corporation of its assumption of the defense thereof shall be at the expense of Officer unless (i) the employment of counsel by Officer has been authorized
by Corporation, (ii) Officer shall have reasonably concluded that there may be a conflict of interest between Corporation and Officer in 

  

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the conduct of the defense of such action or (iii) Corporation shall not in fact have employed counsel to assume the defense of such action, in each of
which cases the fees and expenses of Officer’s separate counsel shall be at the expense of Corporation. Corporation shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of Corporation or as to
which Officer shall have made the conclusion provided for in (ii) above; and 
 (c) Corporation shall not be liable to indemnify Officer
under this Agreement for any amounts paid in settlement of any action or claim effected without its written consent. Corporation shall be permitted to settle any action except that it shall not settle any action or claim in any manner which would
impose any penalty, out-of-pocket liability, or limitation on Officer without Officer’s written consent. Neither Corporation nor Officer will unreasonably withhold its or his consent to any proposed settlement. 
 7. Advancement and Repayment of Expenses. 
 (a) In the event that Officer employs his own counsel pursuant to Section 6(b)(i) through (iii) above, Corporation shall advance to Officer, prior to any final disposition of any threatened or pending action, suit or proceeding,
whether civil, criminal, administrative or investigative, any and all reasonable expenses (including legal fees and expenses) incurred in investigating or defending any such action, suit or proceeding within ten (10) days after receiving copies
of invoices presented to Officer for such expenses. 
 (b) Officer agrees that Officer will reimburse Corporation for all reasonable expenses
paid by Corporation in defending any civil or criminal action, suit or proceeding against Officer in the event and only to the extent it shall be ultimately determined by a final judicial decision (from which there is no right of appeal) that
Officer is not entitled, under the provisions of the Law, the Bylaws, the Articles, this Agreement or otherwise, to be indemnified by Corporation for such expenses. 
 (c) Notwithstanding the foregoing, Corporation shall not be required to advance such expenses to Officer if Officer (i) commences any action, suit or proceeding as a plaintiff unless such advance is specifically
approved by a majority of the Board of Directors or (ii) is a party to an action, suit or proceeding brought by Corporation and approved by a majority of the Board which alleges willful misappropriation of corporate assets by Officer,
disclosure of confidential information in violation of Officer’s fiduciary or contractual obligations to Corporation, or any other willful and deliberate breach in bad faith of Officer’s duty to Corporation or its shareholders. 

8. Enforcement. 
 (a) Corporation
expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on Corporation hereby in order to induce Officer to continue as an officer of Corporation, and acknowledges that Officer is relying upon this
Agreement in continuing in such capacity. 
  

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 (b) In the event Officer is required to bring any action to enforce rights or to collect moneys due under
this Agreement and is successful in such action, Corporation shall reimburse Officer for all of Officer’s reasonable fees and expenses in bringing and pursuing such action. 
 9. Subrogation. In the event of payment under this agreement, Corporation shall be subrogated to the extent of such payment to all of the rights
of recovery of Officer, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable Corporation effectively to bring suit to enforce such rights. 
 10. Non-Exclusivity of Rights. The rights conferred on Officer by this Agreement shall not be exclusive of any other right which Officer may have
or hereafter acquire under any statute, provision of the Articles or the Bylaws, agreement, vote of shareholders or directors, or otherwise, both as to action in his official capacity and as to action in another capacity while holding office.

 11. Survival of Rights. The rights conferred on Officer by this Agreement shall continue after Officer has ceased to be a director,
officer, employee or other agent of Corporation or such other entity. 
 12. Separability. Each of the provisions of this Agreement is
a separate and distinct agreement and independent of the others, so that if any or all of the provisions hereof shall be held to be invalid or unenforceable to any extent for any reason, such invalidity or unenforceability shall not affect the
validity or enforceability of the other provisions hereof or the obligation of Corporation to indemnify Officer to the full extent provided by the Articles, the Bylaws and/or the Law, and the affected provision shall be construed and enforced so as
to effectuate the parties’ intent to the maximum extent possible. 
 13. Governing Law. This Agreement shall be interpreted and
enforced in accordance with the internal laws of the State of California. 
 14. Binding Effect. This Agreement shall be binding upon
Officer and upon Corporation, its successors and assigns, and shall inure to the benefit of Officer, his heirs, executors, administrators, personal representatives and assigns and to the benefit of Corporation, its successors and assigns.

 15. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless
set forth in a writing signed by both parties hereto. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year
first above written. 
  

							
	 OFFICER:
	 		 	CARDIODYNAMICS INTERNATIONAL CORPORATION
				
	  
	 		 	By:	 	  

		 		 	                (Signature)
			
	  
	 		 	  

	 Print Name
	 		 	Print Name and Title

 [SIGNATURE PAGE TO INDEMNIFICATION AGREEMENT] 
  

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 EXHIBIT 10.16B 
 INDEMNIFICATION AGREEMENT 
 THIS AGREEMENT is made and entered into this
     day of between CardioDynamics International Corporation, a California corporation (“Corporation”), and
                             (“Director”). 
 RECITALS: 
 A. Director, a member of
the Board of Directors of Corporation, performs a valuable service in such capacity for Corporation; and 
 B. The shareholders of
Corporation have adopted Bylaws (the “Bylaws”) and Articles of Incorporation provisions (the “Articles”) providing for the indemnification of the officers, directors, agents and employees of Corporation to the maximum extent
authorized by Section 317 of the California General Corporation Law, as amended (the “Law”); and 
 C. The Bylaws, the
Articles and the Law, by their non-exclusive nature, authorize and permit contracts between Corporation and the members of its Board of Directors with respect to indemnification of such directors, providing such directors with protections in excess
of those otherwise permitted by the Law; and 
 D. In accordance with the authorization as provided by the Law, Corporation may from time to
time purchase and maintain a policy or policies of Directors and Officers Liability Insurance (“D & O Insurance”), covering certain liabilities which may be incurred by its directors and officers in the performance of services as
directors and officers of Corporation; and 
 E. As a result of developments affecting the terms, scope and availability of D & O
Insurance there exists general uncertainty as to the extent and overall desirability of protection afforded members of the Board of Directors by such D & O Insurance, if any, and by statutory and bylaw indemnification provisions; and 

F. In order to induce Director to continue to serve as a member of the Board of Directors of Corporation, Corporation has determined and agreed to
enter into this contract with Director; 
 NOW, THEREFORE, in consideration of Director’s continued service as a director after the date
hereof, the parties hereto agree as follows: 
 1. Indemnity of Director. Corporation hereby agrees to hold harmless and indemnify
Director to the fullest extent authorized or permitted by the provisions of the Law, as may be amended from time to time. 

 2. Additional Indemnity. Subject only to the exclusions set forth in Section 3 hereof,
Corporation hereby further agrees to hold harmless and indemnify Director: 
 (a) against any and all expenses (including attorneys’
fees), witness fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by Director in connection with any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (including an action by or in the right of Corporation) to which Director is, was or at any time becomes a party, or is threatened to be made a party, by reason of the fact that Director is, was or at any time becomes a director,
officer, employee or agent of Corporation, or is or was serving or at any time serves at the request of Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise; and 
 (b) otherwise to the fullest extent as may be provided to Director by Corporation under the non-exclusivity provisions of
the Bylaws, the Articles and the Law. 
 3. Limitations on Additional Indemnity. No indemnity pursuant to Section 2 hereof shall
be paid by Corporation: 
 (a) except to the extent the aggregate of losses to be indemnified thereunder exceeds the sum of such losses for
which the Director is indemnified pursuant to Section 1 hereof or pursuant to any D & O Insurance purchased and maintained by Corporation; 
 (b) in respect of remuneration paid to Director if it shall be determined by a final judgment or other final adjudication that such remuneration was in violation of law; 
 (c) on account of any action, suit or proceeding in which judgment is rendered against Director for an accounting of profits made from the purchase or
sale by Director of securities of Corporation pursuant to the provisions of Section 16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or local statutory law; 
 (d) on account of Director’s conduct which is finally adjudged to have been knowingly fraudulent or deliberately dishonest; 
 (e) on account of Director’s conduct which is the subject of an action, suit or proceeding described in Section 7(c)(ii) hereof; 
 (f) on account of or arising in response to any action, suit or proceeding (other than an action, suit or proceeding referred to in Section 8(b)
hereof) initiated by Director or any of Director’s affiliates against Corporation or any officer, director or shareholder of Corporation unless such action, suit or proceeding was authorized in the specific case by action of the Board of
Directors of Corporation; 
  

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 (g) on account of any action, suit or proceeding to the extent that Director is a plaintiff, a
counter-complainant or a cross-complainant therein (other than an action, suit or proceeding permitted by Section 3(f) hereof); or 
 (h) if a final decision by a Court having jurisdiction in the matter shall determine that such indemnification is not lawful (and, in this respect, both Corporation and Director have been advised that the Securities and Exchange Commission
believes that indemnification for liabilities arising under the federal securities laws is against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication).

 In addition to those Limitations set forth above in this Section 3, no indemnity pursuant to Section 2 hereof shall be paid by
Corporation for any of the following breaches of duty to Corporation and its shareholders: 
 (i) acts or omissions that involve intentional
misconduct or a knowing and culpable violation of law; 
 (ii) acts or omissions that Director believes to be contrary to the best interests
of Corporation or its shareholders or that involve the absence of good faith on the part of Director; 
 (iii) any transaction from which
Director derived an improper personal benefit; 
 (iv) acts or omissions that show a reckless disregard for Director’s duty to
Corporation or its shareholders in circumstances in which Director was aware, or should have been aware, in the ordinary course of performing his duties, of a risk of serious injury to Corporation or its shareholders; 
 (v) acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of Director’s duty to Corporation or its
shareholders; 
 (vi) acts or omissions prohibited by Section 310 of the California Corporations Code, “Transactions Between
Corporations and Directors or Corporations Having Interrelated Directors”; 
 (vii) acts or omissions prohibited by Section 316 of
the California Corporations Code, “Directors’ Liability for Distributions, Loans and Guarantees”. 
 4. Contribution.
If the indemnification provided in Sections 1 and 2 is unavailable and may not be paid to Director for any reason other than those set forth in paragraphs (b) through (g) of Section 3, then in respect of any threatened, pending or
completed action, suit or proceeding in which Corporation is or is alleged to be jointly liable with Director (or would be if joined in such action, suit or proceeding), Corporation shall contribute to the amount of expenses (including
attorneys’ fees), judgments, fines and amounts 

  

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paid in settlement actually and reasonably incurred and paid or payable by Director in such proportion as is appropriate to reflect (i) the relative
benefits received by Corporation on the one hand and Director on the other hand from the transaction from which such action, suit or proceeding arose, and (ii) the relative fault of Corporation on the one hand and of Director on the other hand
in connection with the events which resulted in such expenses, judgments, fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of Corporation on the one hand and of Director on the other shall be
determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such expenses, judgments, fines or settlement amounts.
Corporation agrees that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable
considerations. 
 5. Continuation of Obligations. All agreements and obligations of Corporation contained herein shall continue
during the period Director is a director, officer, employee or agent of Corporation (or is or was serving at the request of Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee
benefit plan or other enterprise) and shall continue thereafter so long as Director shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal or investigative, by reason of the
fact that Director was serving Corporation or such other entity in any capacity referred to herein. 
 6. Notification and Defense of
Claim. Not later than thirty (30) days after receipt by Director of notice of the commencement of any action, suit or proceeding, Director will, if a claim in respect thereof is to be made against Corporation under this Agreement, notify
Corporation of the commencement thereof; but the omission so to notify Corporation will not relieve it from any liability which it may have to Director otherwise than under this Agreement. With respect to any such action, suit or proceeding as to
which Director notifies Corporation of the commencement thereof: 
 (a) Corporation will be entitled to participate therein at its own
expense; 
 (b) except as otherwise provided below, to the extent that it may wish, Corporation jointly with any other indemnifying party
similarly notified will be entitled to assume the defense thereof, with counsel reasonably satisfactory to Director. After notice from Corporation to Director of its election to assume the defense thereof, Corporation will not be liable to Director
under this Agreement for any legal or other expenses subsequently incurred by Director in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Director shall have the right to employ his
own counsel in such action, suit or proceeding but the fees and expenses of such counsel incurred after notice from Corporation of its assumption of the defense thereof shall be at the expense of Director unless (i) the employment of counsel by
Director has been authorized by 

  

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Corporation, (ii) Director shall have reasonably concluded that there may be a conflict of interest between Corporation and Director in the conduct of
the defense of such action or (iii) Corporation shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of Director’s separate counsel shall be at the expense of
Corporation. Corporation shall not be entitled to assume the defense of any action, suit or proceeding brought by or on behalf of Corporation or as to which Director shall have made the conclusion provided for in (ii) above; and 
 (c) Corporation shall not be liable to indemnify Director under this Agreement for any amounts paid in settlement of any action or claim effected without
its written consent. Corporation shall be permitted to settle any action except that it shall not settle any action or claim in any manner which would impose any penalty, out-of-pocket liability, or limitation on Director without Director’s
written consent. Neither Corporation nor Director will unreasonably withhold its or his consent to any proposed settlement. 
 7.
Advancement and Repayment of Expenses. 
 (a) In the event that Director employs his own counsel pursuant to Section 6(b)(i)
through (iii) above, Corporation shall advance to Director, prior to any final disposition of any threatened or pending action, suit or proceeding, whether civil, criminal, administrative or investigative, any and all reasonable expenses
(including legal fees and expenses) incurred in investigating or defending any such action, suit or proceeding within ten (10) days after receiving copies of invoices presented to Director for such expenses. 
 (b) Director agrees that Director will reimburse Corporation for all reasonable expenses paid by Corporation in defending any civil or criminal action,
suit or proceeding against Director in the event and only to the extent it shall be ultimately determined by a final judicial decision (from which there is no right of appeal) that Director is not entitled, under the provisions of the Law, the
Bylaws, the Articles, this Agreement or otherwise, to be indemnified by Corporation for such expenses. 
 (c) Notwithstanding the foregoing,
Corporation shall not be required to advance such expenses to Director if Director (i) commences any action, suit or proceeding as a plaintiff unless such advance is specifically approved by a majority of the Board of Directors or (ii) is
a party to an action, suit or proceeding brought by Corporation and approved by a majority of the Board which alleges willful misappropriation of corporate assets by Director, disclosure of confidential information in violation of Director’s
fiduciary or contractual obligations to Corporation, or any other willful and deliberate breach in bad faith of Director’s duty to Corporation or its shareholders. 
  

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 8. Enforcement. 
 (a) Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on Corporation hereby in order to induce Director to continue as a director of Corporation, and
acknowledges that Director is relying upon this Agreement in continuing in such capacity. 
 (b) In the event Director is required to bring
any action to enforce rights or to collect moneys due under this Agreement and is successful in such action, the Corporation shall reimburse Director for all Director’s reasonable fees and expenses in bringing and pursuing such action.

 9. Subrogation. In the event of payment under this agreement, Corporation shall be subrogated to the extent of such payment to all
of the rights of recovery of Director, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable Corporation effectively to bring suit to enforce such rights. 
 10. Non-Exclusivity of Rights. The rights conferred on Director by this Agreement shall not be exclusive of any other right which Director may
have or hereafter acquire under any statute, provision of the Articles or the Bylaws, agreement, vote of shareholders or directors, or otherwise, both as to action in his official capacity and as to action in another capacity while holding office.

 11. Survival of Rights. The rights conferred on Director by this Agreement shall continue after Director has ceased to be a
director, officer, employee or other agent of Corporation or such other entity. 
 12. Separability. Each of the provisions of this
Agreement is a separate and distinct agreement and independent of the others, so that if any or all of the provisions hereof shall be held to be invalid or unenforceable to any extent for any reason, such invalidity or unenforceability shall not
affect the validity or enforceability of the other provisions hereof or the obligation of the Corporation to indemnify the Director to the full extent provided by the Articles, the Bylaws and/or the Law, and the affected provision shall be construed
and enforced so as to effectuate the parties’ intent to the maximum extent possible. 
 13. Governing Law. This Agreement shall
be interpreted and enforced in accordance with the internal laws of the State of California. 
 14. Binding Effect. This Agreement
shall be binding upon Director and upon Corporation, its successors and assigns, and shall inure to the benefit of Director, his heirs, executors, administrators, personal representatives and assigns and to the benefit of Corporation, its successors
and assigns. 
  

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 15. Amendment and Termination. No amendment, modification, termination or cancellation of this
Agreement shall be effective unless set forth in a writing signed by both parties hereto. 
 IN WITNESS WHEREOF, the parties hereto
have executed this Agreement on and as of the day and year first above written. 
  

							
	DIRECTOR:	 		 	CARDIODYNAMICS INTERNATIONAL CORPORATION
				
	  
	 		 	By:	 	  

		 		 		 	(Signature)
				
	  
	 		 		 	  

	Print Name	 		 		 	Print Name and Title

  

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