Document:

EX-10.58

 Exhibit 10.58 

 
 

 
 September 24, 2015 

Mr. Michael Bourque 
 8 Centennial Dr. 
 Peabody, MA 01960 

 

	Re:	Retention Bonus 

Dear Mike: 
 On behalf of Analogic Corporation (“Analogic,” or the “Company”), I would like to thank you for your ongoing service as our Interim CFO. In connection with your
continuing service in support of our Company’s goals, I am pleased to offer you the following retention bonus: 
  

			
	 Grant Date:
	  	September 10, 2015
	 Retention Bonus:
	  	$50,000
	 Vesting Date:
	  	September 10, 2016

 The terms of your retention bonus, including provisions relating to vesting and payment, are described more fully in the
Attached Exhibit A – General Terms and Conditions, which is attached to and incorporated by reference in the letter agreement. 
 To
indicate your acceptance of the retention bonus and your agreement with its terms, please sign and date where indicated below and return a copy of this letter agreement to me. 

Thank you for your continued service on behalf of Analogic as we continue to advance our Company’s goals.

  

			
	 ANALOGIC CORPORATION
	 	 MICHAEL J. BOURQUE

		
	 /s/

James W. Green
	 	 /s/

Michael J. Bourque

	 President and CEO

September 24, 2015
	 	 Vice President and Interim CFO

September 24, 2015

 Analogic Corporation 

Cash Retention Bonus 
 Exhibit A – General Terms and Conditions 
 1. Grant of Retention
Bonus. The Company has granted to you, subject to the terms and conditions set forth in this Agreement, a cash retention bonus in the amount set forth on the cover page of this Agreement (the “Retention Bonus”). 

2. Vesting of Retention Bonus and Payment. 

(a) General. Subject to the other provisions of this Section 2, the Retention Bonus will vest on the
vesting date shown on the cover page of this Agreement (the “Vesting Date”). Subject to Section 4, the Retention Bonus will be paid to you in one lump sum payment as soon as reasonably practicable following the Vesting Date. In
no event shall the Retention Bonus be paid later than the later of (i) 2 1/2 months after the end of the Company’s tax year in which the Vesting Date occurs; and (ii) 2 1/2 months after the end of your tax year in which the Vesting Date occurs. 
 (b) Employment Termination. 
 (1) If you cease to be employed by the
Company as a result of your (i) termination by the Company without Cause (as defined below); (ii) death; or (iii) Disability (as defined below), in each case prior to the Vesting Date, then the Monthly Pro Rata Retention Bonus (as
defined below) shall vest as of such employment termination. The “Monthly Pro Rata Retention Bonus” shall mean (i) the Retention Bonus multiplied by (ii) a fraction, the numerator of which is the number of full months
elapsed since the Grant Date and the denominator of which is the number of months between the Grant Date and the Vesting Date. Any unvested portion of the Retention Bonus (after giving effect to the vesting of the Monthly Pro Rata Retention Bonus)
shall be automatically forfeited as of such employment termination. For purposes of this Agreement, employment with the Company shall include employment with a parent or subsidiary of the Company, or any successor to the Company. 

(2) If you cease to be employed by the Company as a result of the termination of your employment by the Company for Cause or as a result
of your voluntary resignation prior to the Vesting Date, your Retention Bonus shall be automatically forfeited as of such employment termination. 
 (c) Notwithstanding anything herein to the contrary, no payment made to you pursuant to Section 2(b)(1) on account of the termination of your employment with the Company shall be delivered unless
such termination constitutes a “separation from service” within the meaning of Section 409A of the Code (a “Separation from Service”). To the extent that the termination of service under Section 2(b)(1) is not a
Separation from Service, then the amount to be paid pursuant to such Section shall be held by the Company or its successor until a Separation from Service occurs and shall be paid to you within 30 days thereafter. The determination of whether a
Separation from Service from the Company has occurred shall be made in a manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this Section 2(c),
“Company” shall include all persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code. 
 (d) Section 409A. Any payments made pursuant to this Agreement shall be paid at the time set forth herein and shall not be accelerated or deferred by either the Company or the Participant
except to the extent permitted or required by Section 409A of the Code. Each payment due under the Agreement that would, absent this section, be paid within the six-month period following your Separation

 
from Service shall, to the extent that the payment constitutes “deferred compensation” subject to Section 409A of the Code and that you are a “specified employee” at the
time of such termination, not be paid until the date that is six months and one day after such Separation from Service (or, if earlier, your death). The determination of whether you are a “specified employee” at the time of a Separation
from Service shall be made in accordance with Treasury Regulation Section 1.409A-1(i). The Company makes no representation or warranty and shall have no liability to you or to any other person if any of the provisions of the Agreement are
determined to constitute deferred compensation subject to Section 409A but that do not satisfy an exemption from, or the conditions of, that section. 
 (e) Definitions. 
 (1) For purposes of this Agreement, “Cause”
shall mean any intentional dishonest, illegal, or insubordinate conduct which is materially injurious to the Company or a subsidiary, or a breach of any provision of any employment, nondisclosure, non-competition or similar agreement between the
Participant and the Company. 
 (2) For purposes of this Agreement, “Disability” shall mean a disability that
entitles the Participant to receive benefits under a Company-sponsored disability program. If no program is in effect for the Participant, Disability will apply if the Participant has become totally and permanently disabled within the meaning of
Section 22(e)(3) of the Code. 
 3. Withholding Taxes. Payments of all amounts due hereunder will be subject to
withholding of federal, state, local or other income or employment tax amounts or any other amount required by law. 
 4.
Miscellaneous. 
 (a) No Rights to Employment. You acknowledge and agree that the Retention Bonus and its vesting
pursuant to Section 2 do not constitute an express or implied promise of continued employment for the vesting period, or for any period. 
 (b) Entire Agreement. This Agreement constitutes the entire agreement between the parties, and supersedes all prior agreements and understandings, relating to the subject matter of this Agreement.

 (c) Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with the internal laws of
the Commonwealth of Massachusetts, without regard to any applicable conflict of law principles. 
 (d) Interpretation. The
interpretation and construction of any terms or conditions of this Agreement by the Compensation Committee shall be final and conclusive. 
 * * *EX-10.21

 Exhibit 10.21 

FOURTH AMENDMENT TO LOAN AGREEMENT 

THIS FOURTH AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is effective as of July 5, 2015, among Southern Health
Corporation of Houston, Inc., a Georgia corporation (“Borrower”), Crown Healthcare Investments, LLC, a Georgia limited liability company (f/k/a MedCare South, LLC) (“Crown”), SunLink Health Systems, Inc., an Ohio
corporation (“SunLink” and, together with Crown, “Guarantors”) and Bank SNB (successor by conversion to Bank SNB, National Association) (“Lender”). 

PRELIMINARY STATEMENTS 

A. Borrower and Lender are parties to the Working Capital Loan Agreement, dated July 5, 2012 (as amended from time to time, the
“Loan Agreement”). 
 B. Capitalized terms used in this Amendment have the meanings given to them in the Loan Agreement.

 C. Borrower has requested that Lender amend the Loan Agreement as more particularly described in this Amendment. 

D. Lender has agreed to such amendment, subject to the satisfaction of certain conditions, all as more particularly described in this
Amendment. 
 E. Each of the Guarantors is party to a Guaranty Agreement, dated the date of the Loan Agreement (each, a “Guaranty
Agreement”), pursuant to which such Guarantor has guaranteed the obligations of Borrower under the Loan Agreement. 
 F. Each of
the Guarantors desires to ratify and reaffirm the Guaranty Agreement to which it is a party. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows. 
 1.
Amendment to Loan Agreement. Subject to the terms and conditions of this Amendment, Section 2.3 of the Loan Agreement is hereby amended by deleting the reference to “July 5, 2015” and replacing it with a reference to “July
5, 2016.” 
 2. Conditions Precedent. 

a. Representations and Warranties. Each of the representations and warranties of Borrower and the Guarantors in the Loan
Documents shall be true and correct as of the date of this Amendment except for any representation or warranty made as of a date certain, in which event such representation or warranty shall be true as of such date. 

 b. Documents. Lender shall have received (i) this Amendment, duly
executed by the parties hereto, (ii) the duly executed Second Amended and Restated Promissory Note, and (iii) any other document, certificate or instrument that Lender reasonably requires in connection herewith. 

3. Ratification and Release. 

a. Confirmation and Ratification. Borrower and Guarantors confirm and agree that each pledge, assignment, security
interest, lien or other encumbrance made by Borrower and Guarantors in favor of Lender under any Loan Document is hereby ratified and confirmed in all respects. Borrower and each Guarantor each acknowledges and confirms the validity and
enforceability of all Loan Documents to which it is a party. Borrower and each Guarantor represents and warrants to Lender that such party has no right of offset, defense or counterclaim to the payment or performance of the Loans or any of its other
obligations under any of the Loan Documents to which it is a party. 
 b. Release. In consideration of the
accommodations granted by Lender in this Amendment, each Borrower and Guarantor hereby forever waives, releases and discharges Lender and its successors, assigns, directors, officers, members, managers, employees, agents, attorneys and other
representatives (the “Lender Parties”), and indemnifies and holds harmless Lender and the Lender Parties from, any and all claims (including, without limitation, cross-claims, counterclaims, rights of setoff and recoupment), causes
of action, demands, suits, costs, expenses and damages that it now has or hereafter may have, of whatsoever nature and kind, whether known or unknown, whether now existing or hereafter arising, whether arising at law or in equity, including all
actions that arise under or relate to the Loan Documents, this Amendment, any document, instrument or certificate executed in connection with the foregoing, any action or omission of Lender or any of the Lender Parties in connection with the
foregoing, or any person’s rights or obligations thereunder based in whole or in part on facts, whether or not known, existing on or prior to the date of this Amendment. Borrower acknowledges and agrees that all actions of Lender with respect
to the Loan Documents and the transactions contemplated thereby on or prior to the date of this Amendment have been in good faith and in accordance with the Loan Documents and applicable law. 

4. Representations and Warranties. The Borrower and Guarantors, jointly and severally, represent and warrant to Lender as follows: 

a. This Amendment is not being made or entered into with the actual intent to hinder, delay or defraud any entity or person.

 b. No action or proceeding, including, without limitation, a voluntary or involuntary petition for bankruptcy, has been
instituted by or against Borrower or either Guarantor. 

 c. Borrower and each Guarantor each has full power and authority to enter into,
execute, deliver, and perform this Amendment, and the foregoing does not violate any contractual or other obligation by which such person is bound. The execution, delivery and performance of this Amendment have been authorized by all requisite
organizational action of each such person. 
 d. This Amendment constitutes the valid and legally binding obligation of
Borrower and each Guarantor, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance and other laws affecting creditors’ rights generally and to general equitable principles. 

e. The representations and warranties of Borrower and each Guarantor in the Loan Agreement and the other Loan Documents are
true and correct as of the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct as of such date. 

5. Miscellaneous. 

a. Effect on Loan Documents. Except as set forth in this Amendment, the Loan Agreement and the Loan Documents shall not
be deemed amended, waived or otherwise modified by this agreement and shall remain in full force and effect. 
 b. Fees
and Expenses. Borrower shall pay, as and when billed by Lender, all fees, costs, and expenses (including, without limitation, fees and expenses for Lender’s legal counsel, and for appraisers, engineering consultants, and environmental and
other consultants) paid or incurred by Lender in connection with the negotiation of this Amendment, or in connection with the actions contemplated by this Amendment. 

c. Voluntary Agreement. Borrower and each Guarantor jointly and severally represent and warrant to Lender that
(a) Borrower and each Guarantor has had the opportunity to be represented by legal counsel of their choice and to consult with such counsel regarding this Amendment, (b) Borrower and each Guarantor are fully aware of the terms and
provisions contained herein and of their effect, and (c) Borrower and each Guarantor have voluntarily and without coercion or duress of any kind entered into this Amendment. 

d. Integration. This Amendment constitutes the entire agreement concerning the subject matter hereof, and it supersedes
any prior or contemporaneous oral or written representations, statements, understandings, or agreements concerning the subject matter of this Amendment. 

e. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 f. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Oklahoma, without giving effect to the principles of conflicts of law. 

 g. Headings. All headings in this Amendment are for convenience only and
shall not be used to interpret any term or provision of this Amendment. 
 h. Counterparts. This Amendment may be
executed in one or more counterparts, each of which shall constitute an original and all of which taken together shall constitute one agreement. The parties hereto agree that their electronically transmitted signatures on this Amendment shall have
the same effect as manually transmitted signatures. 
 i. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHT THAT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER OR RELATING TO THIS AMENDMENT, ANY LOAN DOCUMENTS OR ANY AMENDMENT, INSTRUMENT, DOCUMENT, OR
AGREEMENT DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN), ACTIONS OF ANY OF THE PARTIES HERETO, OR ANY OTHER
RELATIONSHIP EXISTING IN CONNECTION WITH THIS AMENDMENT OR ANY LOAN DOCUMENTS, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN, OR HAS HAD THE
OPPORTUNITY TO BE, REPRESENTED IN THE SIGNING OF THIS AMENDMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS DISCUSSED THIS WAIVER WITH SUCH LEGAL COUNSEL. EACH PARTY HERETO FURTHER
ACKNOWLEDGES THAT IT HAS READ AND UNDERSTANDS THE MEANING OF THIS WAIVER. 

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

					
	BORROWER:	 	 SOUTHERN HEALTH CORPORATION OF

HOUSTON, INC.

			
		 	By:	  	 
		 	Name:	  	 
		 	Title:	  	 
		
	GUARANTORS:	 	CROWN HEALTHCARE INVESTMENTS, LLC
			
		 	By:	  	 
		 	Name:	  	 
		 	Title:	  	 
		
		 	SUNLINK HEALTH SYSTEMS, INC.
			
		 	By:	  	 
		 	Name:	  	 
		 	Title:	  	 
		
	LENDER:	 	BANK SNB
			
		 	By:	  	 
		 	Name:	  	 
		 	Title:

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