Document:

Corporate Guaranty

 EXHIBIT 10.37 
  
 CORPORATE GUARANTY 
  
 Date: December 10, 2002 
  
 General Electric Capital Corporation 
 401 Merritt 7 Suite 23 
 Norwalk, CT 06851-1177 
  
 To induce you to enter into, purchase or otherwise acquire, now or at any
time hereafter, any promissory notes, security agreements, chattel mortgages, pledge agreements, conditional sale contracts, lease agreements, and/or any other documents or instruments evidencing, or relating to, any lease, loan, extension of credit
or other financial accommodation (collectively “Account Documents” and each an “Account Document”) to Cardiovascular Diagnostics, Inc., a corporation organized and existing under the laws of the State
of North Carolina (“Customer”), but without in any way binding you to do so, the undersigned, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does hereby guarantee to you,
your successors and assigns, the due regular and punctual payment of any sum or sums of money which the Customer may owe to you now or at any time hereafter, whether evidenced by an Account Document, on open account or otherwise, and whether it
represents principal, interest, rent, late charges, indemnities, an original balance, an accelerated balance, liquidated damages, a balance reduced by partial payment, a deficiency after sale or other disposition of any leased equipment, collateral
or security, or any other type of sum of any kind whatsoever that the Customer may owe to you now or at any time hereafter, and does hereby further guarantee to you, your successors and assigns, the due, regular and punctual performance of any other
duty or obligation of any kind or character whatsoever that the Customer may owe to you now or at any time hereafter (all such payment and performance obligations being collectively referred to as “Obligations”). Undersigned does
hereby further guarantee to pay upon demand all losses, costs, attorneys’ fees and expenses which may be suffered by you by reason of Customer’s default or default of the undersigned. 
  
 This Guaranty is a guaranty of prompt payment and performance (and not merely
a guaranty of collection). Nothing herein shall require you to first seek or exhaust any remedy against the Customer, its successors and assigns, or any other person obligated with respect to the Obligations, or to first foreclose, exhaust or
otherwise proceed against any leased equipment, collateral or security which may be given in connection with the Obligations. It is agreed that you may, upon any breach or default of the Customer, or at any time thereafter, make demand upon the
undersigned and receive payment and performance of the Obligations, with or without notice or demand for payment or performance by the Customer, its successors or assigns, or any other person. Suit may be brought and maintained against the
undersigned, at your election, without joinder of the Customer or any other person as parties thereto. The obligations of each signatory to this Guaranty shall be joint and several. 
  
 The undersigned agrees that its obligations under this Guaranty shall be primary, absolute, continuing and unconditional,
irrespective of and unaffected by any of the following actions or circumstances (regardless of any notice to or consent of the undersigned): (a) the genuineness, validity, regularity and enforceability of the Account Documents or any other document;
(b) any extension, renewal, amendment, change, waiver or other modification of the Account Documents or any other document; (c) the absence of, or delay in, any action to enforce the Account Documents, this Guaranty or any other document; (d) your
failure or delay in obtaining any other guaranty of the Obligations (including, without limitation, your failure to obtain the signature of any other guarantor hereunder); (e) the release of, extension of time for payment or performance by, or any
other indulgence granted to the Customer or any other person with respect to the Obligations by operation of law or otherwise; (f) the existence, value, condition, loss, subordination or release (with or without substitution) of, or failure to have
title to or perfect and maintain a security interest in, or the time, place and manner of any sale or other disposition of any leased equipment, collateral or security given in connection with the Obligations, or any other impairment (whether
intentional or negligent, by operation of law or otherwise) of the rights of the undersigned; (g) the Customer’s voluntary or involuntary bankruptcy, assignment for the benefit of creditors, reorganization, or similar proceedings affecting the
Customer or any of its assets; or (h) any other action or circumstances which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor. 
  
 This Guaranty, the Account Documents and the Obligations may be assigned by you, without the consent of the Undersigned. The
Undersigned agrees that if it receives written notice of an assignment from you, the Undersigned will pay all amounts due hereunder to such assignee or as instructed by you. The Undersigned also agrees to confirm in writing receipt of the notice of
assignment as may be reasonably requested by assignee. The Undersigned hereby waives and agrees not to assert against any such assignee any of the defenses set forth in the immediate preceding paragraph. 
  
 This Guaranty may be terminated upon delivery to you (at your address shown
above) of a written termination notice from the undersigned. However, as to all Obligations (whether matured, unmatured, absolute, contingent or otherwise) incurred by the Customer prior to your receipt of such written 

 
termination notice (and regardless of any subsequent amendment, extension or other modification which may be made with respect to such Obligations), this
Guaranty shall nevertheless continue and remain undischarged until all such Obligations are indefeasibly paid and performed in full. 
  
 The undersigned agrees that this Guaranty shall remain in full force and effect or be reinstated (as the case may be) if at any time payment or
performance of any of the Obligations (or any part thereof) is rescinded, reduced or must otherwise be restored or returned by you, all as though such payment or performance had not been made. If, by reason of any bankruptcy, insolvency or similar
laws effecting the rights of creditors, you shall be prohibited from exercising any of your rights or remedies against the Customer or any other person or against any property, then, as between you and the undersigned, such prohibition shall be of
no force and effect, and you shall have the right to make demand upon, and receive payment from, the undersigned of all amounts and other sums that would be due to you upon a default with respect to the Obligations. 
  
 Notice of acceptance of this Guaranty and of any default by the Customer or
any other person is hereby waived. Presentment, protest demand, and notice of protest, demand and dishonor of any of the Obligations, and the exercise of possessory, collection or other remedies for the Obligations, are hereby waived. The
undersigned warrants that it has adequate means to obtain from the Customer on a continuing basis financial data and other information regarding the Customer and is not relying upon you to provide any such data or other information. Without limiting
the foregoing, notice of adverse change in the Customer’s financial condition or of any other fact which might materially increase the risk of the undersigned is also waived. All settlements, compromises, accounts stated and agreed balances
made in good faith between the Customer, its successors or assigns, and you shall be binding upon and shall not affect the liability of the undersigned. 
  
 Payment of all amounts now or hereafter owed to the undersigned by the Customer or any other obligor for any of the Obligations is hereby subordinated in
right of payment to the indefeasible payment in full to you of all Obligations and is hereby assigned to you as a security therefor. The undersigned hereby irrevocably and unconditionally waives and relinquishes all statutory, contractual, common
law, equitable and all other claims against the Customer, any other obligor for any of the Obligations, any collateral therefor, or any other assets of the Customer or any such other obligor, for subrogation, reimbursement, exoneration,
contribution, indemnification, setoff or other recourse in respect of sums paid or payable to you by the undersigned hereunder, and the undersigned hereby further irrevocably and unconditionally waives and relinquishes any and all other benefits
which it might otherwise directly or indirectly receive or be entitled to receive by reason of any amounts paid by, or collected or due from, it, the Customer or any other obligor for any of the Obligations, or realized from any of their respective
assets. 
  
 THE UNDERSIGNED HEREBY UNCONDITIONALLY WAIVES ITS
RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN US RELATING TO THE SUBJECT MATTER HEREOF
OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN US. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT (INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS). THIS WAIVER IS IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS TO THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, OR ANY RELATED DOCUMENTS. IN THE EVENT OF LITIGATION, THIS GUARANTY MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
  
 As used in this Guaranty, the word “person” shall include any
individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, or any government or any political subdivision thereof. 
  
 This Guaranty is intended by the parties as a final expression of the guaranty of the undersigned and is also intended as a
complete and exclusive statement of the terms thereof. No course of dealing, course of performance or trade usage, nor any paid evidence of any kind, shall be used to supplement or modify any of the terms hereof. Nor are there any conditions to the
full effectiveness of this Guaranty. This Guaranty and each of its provisions may only be waived, modified, varied, released, terminated or surrendered, in whole or in part, by a duly authorized written instrument signed by you. No failure by you to
exercise your rights hereunder shall give rise to any estoppel against you, or excuse the undersigned from performing hereunder. Your waiver of any right to demand performance hereunder shall not be a waiver of any subsequent or other right to
demand performance hereunder. 
  
 This Guaranty shall bind the
undersigned’s successors and assigns and the benefits thereof shall extend to and include your successors and assigns. In the event of default hereunder, you may at any reasonable time and with reasonable notice inspect undersigned’s
records, or at your option, undersigned shall furnish you with a current independent audit report. 
  
 If any provisions of this Guaranty are in conflict with any applicable statute, rule or law, then such provisions shall be deemed null and void to the
extent that they may conflict therewith, but without invalidating any other provisions hereof. 
  
 Each signatory on behalf of a corporate guarantor warrants that he had authority to sign on behalf of such corporation and by so signing, to bind said guarantor corporation hereunder. 
  
 IN WITNESS WHEREOF, this Guaranty is executed the day and year above
written. 

	 PharmaNetics, Inc.

		
	 By:
	 	 /s/  James A. McGowan

	 	 	 (Signature)

		
	 Title:
	 	 CFO

	 	 	 (Officer’s Title)

  

		
	 ATTEST:
	 	 /s/  Paul Storey

	 	 	 Secretary/Assistant SecretaryChange of Control Agreement

 Exhibit 10.38 
  
 CHANGE OF CONTROL AGREEMENT 
  
 This Change of Control Agreement (hereinafter, the “Agreement”) is made this 10th day of October, 1997, by and
between Cardiovascular Diagnostics, Inc. a North Carolina corporation (“CVDI”), and John P. Funkhouser (“Funkhouser”). 
  
 WHEREAS, Funkhouser is currently employed by CVDI as its President and Chief Executive Officer; and 
  
 WHEREAS, the Board of Directors of CVDI (the “Board”) has evaluated
the economic and social impact that certain acquisitions or change of control events could have on its employees, including Funkhouser, and recognizes that it will no longer have the power to protect the interests of Funkhouser after an acquisition
or other change of control; 
  
 WHEREAS, the Board believes that
it is in CVDI’s interest to provide Funkhouser with certain rights to compensation and assurance of economic security in certain circumstances following an acquisition or other change of control in order to aid CVDI in retaining Funkhouser as
an employee of CVDI; and 
  
 WHEREAS, the Board believes that
granting of such rights to Funkhouser will help ensure organizational stability during any period of significant uncertainty inherent to an acquisition or other change of control; 
  
 NOW, THEREFORE, in consideration of the foregoing premises, and the promises, covenants and considerations contained herein,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 Whenever used in this Agreement, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the term is capitalized. 
  
 (a) “Beneficial Owner” shall have the meaning ascribed to such term
in Rule 13d-3 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 
  
 (b) “Change of Control” of CVDI means and includes each and all of the following occurrences: 

 (i) the shareholders of CVDI approve a reorganization, merger or consolidation of CVDI with any other
corporation or entity, other than a reorganization, merger or consolidation which would result in the voting securities of CVDI outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of CVDI or such surviving entity outstanding immediately after such reorganization, merger or consolidation, or
the shareholders of CVDI approve a plan of complete liquidation of CVDI or an agreement for the sale or disposition by CVDI of all or substantially all CVDI’s assets; or 
  
 (ii) the acquisition by any Person as Beneficial Owner, directly or indirectly, of securities of CVDI representing fifty
percent (50%) or more of either (A) the then outstanding shares of common stock of CVDI, or (B) the total voting power represented by CVDI’s then outstanding voting securities. 
  
 (c) “Change of Control Date” means, for purposes of this Agreement, the date as of which a Change of Control shall
have occurred. 
  
 (d) “Compensation” of Funkhouser
shall mean and include all wages, salary, bonuses and incentive compensation, paid by CVDI as consideration for Funkhouser’s service that was includable in the gross income of Funkhouser for federal income tax purposes, together with all fringe
benefits provided by CVDI to Funkhouser during the twelve (12) calendar months coinciding with or immediately preceding the year in which the Severance Payment becomes payable. 
  
 ARTICLE II 
  
 SEVERANCE PAYMENT 
  
 2.1 Severance Payment. If Funkhouser is employed by CVDI as of a Change of Control Date and within two (2) years thereafter he resigns or his
employment is terminated by CVDI, regardless of the manner or cause of such termination, Funkhouser shall be entitled to receive from CVDI or its successor a lump sum cash payment in an amount equal to Funkhouser’s Compensation for two (2)
years (the “Severance Payment”). Except as otherwise provided herein, Funkhouser shall not be entitled to receive the Severance Payment if Funkhouser’s employment with CVDI terminates prior to a Change of Control Date. 
  
 2.2 Mitigation. Funkhouser shall not be required to mitigate damages
or the amount of the Severance Payment by seeking other employment or otherwise, nor shall the amount of such payment be reduced by any compensation earned by Funkhouser as a result of employment after his termination of employment with CVDI.

  
 2.3 Time of Severance Payment. The Severance Payment to
which Funkhouser is entitled shall be paid by CVDI to Funkhouser, in cash and in full, not later than thirty (30) 
  

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 calendar days after Funkhouser’s resignation or termination. If Funkhouser should die before all amounts payable to
him have been paid, such unpaid amounts shall be paid to Funkhouser’s spouse, if living, otherwise to the personal representative of Funkhouser’s estate. 
  
 2.4 Other Benefits. Neither the provisions of this Agreement nor the Severance Payment provided for hereunder shall
reduce any amounts otherwise payable, or in any way diminish Funkhouser’s rights as an employee of CVDI, whether existing now or hereafter, under any benefit, incentive, retirement or other plan or arrangement, or any employment agreement.

  
 ARTICLE III 
  
 TERM 
  
 This Agreement shall continue in full force and effect for so long as
Funkhouser remains an employee of CVDI or any successor, and, in the event of a termination of Funkhouser’s employment triggering a Severance Payment, shall not terminate or expire until Funkhouser has received all payments to which he is
entitled hereunder in full. 
  
 ARTICLE IV 
  
 LEGAL FEES AND EXPENSES 
  
 CVDI shall pay all reasonable legal fees, costs or litigation, and other
expenses incurred in good faith by Funkhouser as a result of CVDI’s refusal to make the Severance Payment to which Funkhouser becomes entitled under this Agreement, or as a result of CVDI’s contesting the validity, enforceability or
interpretation of the Agreement. 
  
 ARTICLE V 

 
 MISCELLANEOUS 
  
 5.1 Entire Agreement, Amendment. This Agreement constitutes the
entire agreement between the parties with respect to the subject matter hereof and may not be altered or amended in any respect or to any extent whatsoever except by agreement in writing executed by each of the parties hereto. 
  
 5.2 Binding Effect. This Agreement shall inure to the benefit of and
be binding upon CVDI, its successors and assigns, and Funkhouser, his heirs, executors, administrators and legal representatives. CVDI shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business and/or assets of CVDI to assume expressly and agree to perform this Agreement in the same manner and to the 
  

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 same extent that CVDI would be required to perform it if no such succession had taken place. As used in this Agreement,
“CVDI” shall mean CVDI as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. 
  
 5.3 Applicable Law. To the extent not preempted by the laws of the
United States, the laws of the State of North Carolina shall be this controlling law in all matters relating to the Agreement. 
  
 5.4 Severability. If a provision of this Agreement shall be held illegal or invalid, the illegality or invalidity shall not affect the remaining
parts of the Agreement and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 
  
 [The next page is the signature page] 
  

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 IN WITNESS WHEREOF, the parties have executed this Change of Control Agreement and set their hands and
seals hereto as of the date first above written. 
  

	 	 	 	 	 CARDIOVASCULAR DIAGNOSTICS, INC.

				
	 (Corporate Seal)
	 	 	 	By:	 	 /s/    DENNIS DOUGHERTY

	 	 	 	 	 	 	 Name:
	 	 Dennis Dougherty

	 	 	 	 	 	 	 Title:
	 	 Compensation Committee
 Board of Directors

					
	 	 	 	 	 	 	 /s/    JOHN P. FUNKHOUSER

	 	(SEAL)
	 	 	 	 	 	 	John P. Funkhouser	 	 

  
  
  
  
  
  
  
  

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