Document:

EX-10.1

 Exhibit 10.1 

[**] Certain confidential information contained in this document, marked by brackets and asterisks, has been omitted and filed separately, accompanied by a
confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 
  

			
	EXCLUSIVE FEDERAL GOVERNMENT RESELLER AND BUSINESS CHANNEL SERVICES AGREEMENT	 	

 WHEREAS, Enteromedics, Inc. (“Manufacturer”), with primary offices located in St. Paul, MN, produces and
markets the products collectively listed in Exhibit A hereto (“the Products”) to commercial and non-Government institutional customers; 

WHEREAS, Academy Medical LLC (“Reseller”), a Service-Disabled Veteran-Owned Small Business located in West Palm Beach, Florida, has
substantial experience in the establishment, operation and maintenance of effective sales channels, contract vehicles and business protocols to promote the sale of products to the United States Federal Government, with principal focus on Federal
Government customers of medical products and supplies; 
 WHEREAS, Manufacturer now desires to engage Reseller as its exclusive Federal Government business
channel partner to provide sales support services, customer liaison services, federal contract acquisition and management services, order processing services and other value added logistical support services to enable the sale of the Products to
Federal Government customers; and 
 WHEREAS, Reseller now desires to accept Manufacturer’s appointment as its exclusive Federal Government business
channel partner to provide for the sale of the Products to Federal Government customers. 
 NOW THEREFORE, Manufacturer and Reseller hereby agree as follows
effective this 25 day of April, 2016: 
  

	1.	DEFINITIONS 

 A. The term “Product” means any product identified in
Exhibit A. Product additions to Exhibit A may be made upon mutual agreement between Manufacturer and Reseller as may be required to fulfill the terms and obligations hereunder. 

B. The term “Customer” means any entity authorized by law or contract to purchase products for use by Federal Government entities. Customers
include the following: 
 i. All Federal Government entities accounts in the United States and U.S. Territories, including without
limitation the United States Department of Defense, Department of Veterans Affairs, Department of Homeland Security, Indian Health Services, and Department of Health and Human Services and their respective sub-agencies and facilities; and 

ii. All Prime Vendors or other parties authorized by contract or other written authorization to procure supplies on behalf of Federal
Government entities; 
 C. The term “Net Sales” means the invoice price of the product purchased by Reseller from Manufacturer. Net Sales do
not include (i) shipping, handling, freight charges, or insurance paid by or on behalf of Manufacturer in connection with shipment or delivery; or (ii) duties and taxes, or any other governmental charges levied on or measured by the
invoiced amount, whether absorbed by the billing party or paid by the billed party. 

  
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 D. The term “Shipment Date” means the date that Manufacturer ships any Manufacturer Product
ordered by Reseller. 
 E. The term “Term” means the period of one(1) year from the date of execution of this Agreement during which
time the terms of this Agreement shall be binding on all parties. This Agreement shall automatically renew each year thereafter for successive one (1) year periods (each renewal period defined as a “Renewal Term”) unless this
Agreement is earlier terminated as provided herein. All references in this Agreement to the “Term” shall refer to the “Initial Term” and all “Renewal Terms.” 

 

	2.	APPOINTMENT AS EXCLUSIVE RESELLER 

 A. Manufacturer hereby appoints Reseller as its exclusive
representative for purposes of receiving and processing orders to sell the Products to Customers. 
 B. In furtherance of this Agreement, Reseller has or
shall acquire and maintain appropriate contract vehicles to facilitate the sale of the Products to Customers. These contract vehicles will include Department of Veterans Affairs (VA) Federal Supply Schedule (FSS) contracts and Department of Defense
(DOD) Distribution and Pricing Agreements (DAPA) or E-Catalog (E-Cat) contracts applicable to the Products. 
 C. The parties hereby agree and acknowledge
that sales to the Customers may be accomplished by the following means: 
 i. Orders placed against FSS and VA Strategic Acquisition Center
(SAC) contracts maintained by Reseller, as well as Blanket Purchase Agreements entered into under the terms of one or more FSS or SAC contracts maintained by Reseller; 

ii. Orders placed against DOD DAPAs or E-Cat Contracts maintained by; and 

iii. Open market orders placed by government Customers unrelated to a pre-existing contract; and 

The parties agree that all such orders shall be processed for delivery and payment through Reseller. 

D. To facilitate Reseller’s acquisition and maintenance of appropriate contract vehicles, Manufacturer agrees to provide Reseller, upon request, with
letters of commitment, product descriptions, price lists, commercial warranty terms, country of origin information and other information terms as may be requested of Reseller by Customers. Manufacturer further agrees to update and supplement this
information when requested. 
 E. In establishing and maintaining contract vehicles for the Products, and accepting and processing orders for Products,
Reseller expressly agrees to comply with any policy, terms, and conditions adopted by Manufacturer for the sale and distribution of the Product to commercial customers, including any policy concerning the distribution, handling, promotion,
marketing, sale, resale, warranties, or returns of Manufacturer Products (“Manufacturer Policies”). Manufacturer shall provide Reseller with all such Manufacturer Policies within either fifteen (15) days of the execution of
this Agreement or within fifteen (15) days of the addition of new Products under this Agreement. 
 F. Reseller expressly agrees to service all
customer requirements in a commercially reasonable manner, subject to this Agreement’s terms and conditions. 
  

	3.	FEDERAL BUSINESS CHANNEL SERVICE TERM 

 A. Pricing 

  
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 i. The pricing of Products under this Agreement reflect the price to be remitted to Manufacturer
by Reseller in response to orders for Products placed by Customers. The initial prices for the Products are set forth in Exhibit A hereto. 

ii. Such pricing is inclusive of the following: 

(a) Packaging, boxing, palletizing, shipping, and storage in accordance with Manufacturer’ standard practices in effect
at the time of shipment; 
 (b) Special packing or handling established on individual orders as agreed to by Manufacturer at
the time of order placement; 
 (c) Delivery to the Customer at the Customer’s specified location; and 

(d) All federal, state or local sale or excise taxes or other surcharges applicable to the Products. 

iii. Manufacturer may increase prices under this Agreement provided that: (a) such price increases are consistent with price increases
Manufacturer has established with its commercial distributors and resellers and (b) Reseller is provided ninety (90) days advance notice of such increases so as to affect pricing increases under its applicable contracts with government
Customers. In the event that Reseller is unable to obtain a price increase for a Product under such contracts, the Parties agree that Reseller may delete the product from such contract. 

B. Order Processing 
 i. Reseller
maintains a robust e-commerce program for the placement and fulfillment of orders. Sales will be initiated by means of orders placed by Customers with Reseller. Upon receipt, Reseller will input the order into its e-commerce program for electronic
transmission to Manufacturer. As Reseller typically has no more than five calendar days to acknowledge or decline such orders, Manufacturer shall acknowledge or decline all such orders within two calendar days or one business day, whichever is
longer, of receipt of the order from Reseller. All orders not declined within these time limits will be deemed accepted by Manufacturer. 

ii. Acceptance of an order transmitted by Reseller shall obligate Manufacturer to ship the product to the Customer within its standard
delivery time as communicated to Reseller as a part of its Manufacturer policies. In the event that the Customer requires more rapid delivery of Product, Manufacturer will inform Reseller of the additional charges associated with the accelerated
delivery requested by the Customer to enable Reseller to obtain Customer approval of such additional delivery charges. 
 iii. In the event
delivery to the Customer will be delayed, Manufacturer shall promptly notify Reseller of the delay and the expected delivery date to enable Reseller to communicate the delay and revised delivery schedule to the customer. In the event the Customer
elects to cancel an order because of a proposed delivery delay, the order shall be canceled at no cost to Reseller or the Customer. 
 iv.
Upon shipment of product to the Customer, Manufacturer shall notify Reseller through Resellers e-commerce system to enable Reseller to confirm delivery to and acceptance by the Customer. 

C. Invoicing. Manufacturer will invoice Reseller when Reseller Purchase Order is received and product is shipped. The invoice amount shall reflect the
prices set forth in Exhibit A or any amendments thereto, and any special shipping charges agreed to by the Customer. 

  
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 D. Payment Terms. Terms of payment will be Net 30 from date of invoice, unless Customer has declined
acceptance of Product or has voiced other concerns related to the Product. 
 The terms set forth in this Agreement shall apply to each order by a Reseller,
whether such order is communicated by telephone, facsimile, or through electronic order entry, or any other method, or whether reference is made to this Agreement. 

E. Shipping. Manufacturer shall be responsible for selecting the method of shipment and all associated freight costs thereon be included in pricing
attached in Exhibit A., except that emergency or overnight shipment requests by Customer will be paid by Reseller after confirmation of the additional shipping costs by the Customer. 

F. Production. Manufacturer shall not be excused from performance under this Agreement in the event acts which may frustrate the purpose of this
Agreement or ability to perform under its terms, provided such acts are within Manufacturer control. Additionally, if production, delivery, or distribution is delayed for any reason not the fault of Reseller, Manufacturer shall take all reasonable
measures to assure fulfillment and shall be solely liable for any additional costs of fulfillment and the costs of capital. Manufacturer shall, at all times, maintain a plan for continued performance under this contract in the face of delays or
impediments to fulfillment due to acts of God and shall, upon receipt of request from Reseller, provide Reseller with specifics of said plan for which Reseller may inspect and become familiar, but in the event such acts impair Manufacturer’s
ability to perform, Manufacturer will be excused from performance. 
 G. Reseller’s Representations & Continuing Obligations

 i. Reseller hereby represents and warrants to Manufacturer that (i) neither its entering nor performing this Agreement will
violate any right of or breach any obligation to any third party under any agreement or arrangement between Reseller and such third party, (ii) Reseller has all licenses, permits, authorizations and approvals that are necessary for the conduct
of its business in the Territory; and (iii) neither this Agreement (or any term hereof) nor the performance of or exercise of rights under this Agreement by either Party is contrary to, in conflict with, ineffective under, or violates any
applicable law or regulation including, without limitation, the federal anti-kickback statute (42 U.S.C. §1320a-7b(b)(2)), the federal prohibition on self-referrals or Stark Law (42 U.S.C. §1395nn), or any other similar federal or state
statute or any applicable regulations promulgated thereunder. 
 ii. Reseller shall not make any claims or representations concerning the
Products that are inconsistent with those made by Manufacturer. 
 H. Manufacturer’s Continuing Obligations 

i. Manufacturer agrees to send all Product notices, as well as notices of any other changes affecting the Products and notices of new Products,
to Reseller. Manufacturer shall notify Reseller, in writing and no later than the date of execution of this Agreement, of the names of those Products which contain latex, carcinogens, DEHP or 2 di-ethyl hexyl phthalate, halogenated organic flame
retardants, lead, mercury, persistent bioaccumulative toxins, PVC or polyvinyl chloride, reproductive toxins and any Product(s) designed specifically for pediatric applications. 

ii. Manufacturer shall notify Reseller in writing and within three (3) days after becoming aware of any patient safety issue involving
the Products. If any Product or any of its components is subject to recall as that term is defined under 21 C.F.R. Part 7, or a voluntary recall by Manufacturer or is subject to an FDA-initiated court action for removing or correcting violative,
distributed products or components (any of the foregoing being referred to as a “Recall”), Manufacturer shall notify Reseller within twenty-four (24) hours after becoming aware of any such recall or after Manufacturer provides
notice of the Recall to the FDA. To the extent any such Recall precludes Manufacturer from supplying any Products under this Agreement, any compliance requirements or purchase requirements under this Agreement or any facility agreement between any
Reseller and Manufacturer related to such Products shall not be effective for as long a Manufacturer is unable to supply such Products. If any Product pricing is dependent upon Reseller meeting compliance or purchase volume requirements for
designated Products, Reseller pricing will not change for failure to meet the compliance or purchase requirements during the time period when Manufacturer is unable to provide said designated Products. 

  
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 I. Returns. Reseller shall have the right to return to Manufacturer any Product that does not comply with
the warranties expressed herein. Furthermore, Reseller shall have the right to return to Manufacturer Products or any components therein which are subject to a Recall, regardless of whether actual return of the Products or components to Manufacturer
is required, recommended, or suggested by the Recall, in which case Manufacturer shall pay all freight costs incurred for the return of each affected Product and shall reimburse Reseller for original costs, including freight, in acquiring each
affected Product. 
 J. Resale Prices. Reseller may set the resale prices for any Manufacturer Product purchased from Manufacturer pursuant to this
Agreement. By signing this Agreement, Reseller unequivocally acknowledges that it has not, and will not, enter into any written or oral agreement with Manufacturer concerning the amount that Reseller charges to its customers for any Manufacturer
Product. Nothing in this Agreement shall prevent Manufacturer from unilaterally adopting, announcing, and following any resale pricing policy, suggested resale pricing policy, or minimum advertised pricing policy. 

 

	4.	TRADEMARK USAGE & INTELLECTUAL PROPERTY 

 A. Reseller shall have the limited right
to use the trademarks, service marks and trade names associated with the Products in marketing the Products in the Territory, subject to Manufacturer’s prior written authorization of all such use, and where the Trademark is registered and a
“TM” elsewhere. This limited right is limited to the Territory. 
 B. All use of the Manufacturer intellectual property, including without
limitation any goodwill arising there from shall inure to Manufacturer’s sole benefit. 
 C. Reseller agrees not to register, attempt to register or
use or attempt to use, directly or indirectly, any trademark, service mark or trade names that are confusingly similar to Manufacturer. 
 D. Manufacturer
agrees that it shall be solely liable for the protection of the intellectual property rights that arise under this Agreement and the intellectual property rights of third parties in fulfilling the terms of this Agreement. 

 

	5.	TERMINATION 

 A. This Agreement may be terminated for cause by either party or without cause by
each respective party as provided below: 
  

	 	1.	Termination for Cause by Either Party: Either party hereto may terminate this Agreement, with cause as follows: 

  

	 	a.	The failure of the non-terminating party to fail to perform any of the obligations in this Agreement (unless such failure is caused by a material act or omission by the other party) and such failure shall continue for a
period of thirty (30) days after written notice thereof; 

  
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	 	b.	The non-terminating party shall become insolvent, file a voluntary petition under any law relating to bankruptcy or insolvency, or shall become unable to pay its debts when due; or 

 

	 	c.	The exclusion of the non-terminating party from participation in federal health care programs or their suspension or debarment from federal contracting programs. 

 

	2.	Termination without Cause by Manufacturer: Manufacturer may terminate this Agreement, without cause, upon providing sixty (60) days’ written notice to Reseller prior to the expiration of the Initial
Term or any Renewal Term, subject to the following: 

  

	 	a.	If Manufacturer terminates this Agreement without cause prior to, during, or after the first Renewal Term, Manufacturer shall pay to Reseller a Fee of ten percent (10%) of the gross sales of the Products
distributed by Reseller for the immediately preceding twelve (12) months. 

  

	 	b.	If Manufacturer asserts a termination for cause that is later determined to have been without cause, the above termination fees shall be owed by Manufacturer to Reseller. 

 

	3.	Termination without Cause by Reseller: Reseller may terminate this Agreement, without cause, upon providing one hundred eighty (180) days’ notice to Manufacturer prior to its desired termination date,
or the expiration date of the initial Term or any Renewal Term, which ever period is longer. 

 The effective date of the termination shall be
the later of the date specified in the termination notice specified by this paragraph or 30 days following such notice (the “Termination Date”). 

B. Upon notice of termination, Reseller may not make additional purchases from Manufacturer during the (30) day notice period, except in an amount not
exceeding the average monthly purchase for the preceding three months prior to the notice of termination. Reseller shall not resell any Manufacturer Product to any person or entity for any reason after the Termination Date. 

C. For the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be deemed to
have been properly given when delivered in person or by courier or three (3) days after mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed as follows: 

 

	 If to Manufacturer: 
	Enteromedics 

 2800 Patton Road 

St. Paul, MN 55113 
  

	 If to Reseller: 
	Academy Medical, LLC 

 8120 Belvedere Rd. #3 

W. Palm Beach, FL 33411 
 or to such other
address as any party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  

	6.	INDEMNIFICATION 

 A. Except as to negligent acts of the Reseller, Manufacturer shall defend and
indemnify Reseller from and against all suits, claims, liabilities, fines, expenses, damages, penalties, judgments, reasonable attorneys’ fees, and expenses arising out of or related to any (i) failure by Manufacturer to comply with
applicable statutory or regulatory requirements, (ii) Product defect, or (iii) Product recall, (iv) Manufacturer’s infringement of third-party patent and misappropriation of third party intellectual property rights, or
(iv) any alleged injury suffered by an end-user of the Product arising out of, incident, related to Reseller’s fitting of, treatment of, or written instructions regarding Product use to the end-user pursuant of Manufacturer recommendations
of use. 

  
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 B. Reseller shall defend and indemnify Manufacturer from and against all suits, claims, liabilities, fines,
expenses, damages, penalties, judgments, reasonable attorneys’ fees, and expenses arising out of or related to (i) any negligent or intentional act or omission of Reseller or any employee, officer, director, shareholder, affiliate or other
person engaged or hired by Reseller, including but not limited to any material breach of this Agreement by Reseller, or by any of its employees, officers, directors, shareholders, affiliates or other persons engaged or hired by Reseller,
(ii) the making of any representations or warranties by Reseller with respect to the Products not expressly authorized by this Agreement or by Manufacturer in writing, or (iii) the infringement by Reseller of the intellectual property or
other proprietary rights of any third party, or the violation or misappropriation of any of the proprietary rights of Manufacturer. 
  

	7.	ADDITIONAL TERMS 

 A. Compliance with Laws. Each party agrees to comply with all applicable
Federal laws affecting this Agreement and its performance, and any similar state laws and regulations. Each party shall obtain and maintain all registrations with governmental agencies, commercial registries, or any other offices that may be
required under local law to perform its obligations under this Agreement. 
 B. Non-compete. By signing this Agreement, Reseller affirms that it is
not bound by any non-compete or other contractual arrangements that would prevent it from selling the Products, or otherwise complying with the terms of this Agreement. 

C. Insurance. Manufacturer agrees to maintain adequate and appropriate insurance coverage throughout the term of this Agreement at its own expense for
(i) commercial general liability insurance for bodily injury, death and property loss (ii) product liability policy with limits of liability in the minimum amount of five hundred thousand dollars ($500,000) per occurrence and
3 million dollars ($3,000,000) in the annual aggregate. Manufacturer agrees to apply coverage to Reseller for claims, lawsuits or damages arising out of Manufacturer performance under this Agreement. Manufacturer shall provide Reseller with a
certificate of insurance naming Reseller as an additional insured on its product liability policy prior to the execution of this Agreement. Reseller shall have no obligation to obtain or maintain such insurance. Reseller agrees to maintain adequate
and appropriate insurance coverage throughout the term of this Agreement at its own expense for (i) property loss associated with the consigned inventory. Reseller shall provide Manufacturer with a certificate of insurance naming Manufacturer
as a loss payee on its property insurance associated with the consigned inventory. 
 D. Jurisdiction and Dispute Resolution. This Agreement shall be
governed by Delaware law, excluding its conflict of law principles. Any action arising out of or relating to this Agreement shall be brought exclusively in the federal and state courts located in Delaware. The prevailing party in any arbitration or
suit shall be entitled to its reasonable attorney fees. 

  
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	8.	MISCELLANEOUS 

 A. Interpretation. The parties acknowledge that each has had an opportunity
to have its counsel review and revise this Agreement and that any rule of law or legal decision that would require interpretation of any claimed ambiguity against the party drafting it shall have no application to this Agreement and is expressly
waived. The provisions of this Agreement shall be interpreted in a reasonable manner to effectuate the intent of the parties. 
 B. Entire Agreement.
Amendment. This Agreement contains the entire agreement of the parties, and supersedes any other existing agreements, representations or promises regarding the same subject matter, whether verbal or written. This Agreement may not be modified except
through a writing that is signed by both parties. 
 C. Binding Effect. No Assignment. This Agreement is binding upon and inures to the benefit of
the parties, their respective heirs, executors, administrators, successors and assigns. Neither party may assign this Agreement or subcontract any of its obligations without the prior written consent of the other party, which consent may not be
unreasonably withheld. 
 D. Waiver of Breach. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion
is not considered a waiver of said term, nor does it deprive such party of the right thereafter to enforce said term or any other term of this Agreement. 

E. Severability. If any provision of this Agreement is found to be invalid or illegal for any reason whatsoever, then notwithstanding such invalidity
or illegality, the remaining terms and provisions of this Agreement will remain in full force and effect in the same manner as if the invalid or illegal provisions had not been contained herein. 

F. Counterparts. Facsimile Signatures. This Agreement may be executed in multiple counterparts and so executed will constitute one agreement, binding
on all parties, even though all parties are not signatories to the original or same counterpart. Any counterpart of this Agreement will for all purposes be deemed a fully executed instrument. Facsimile signatures shall be as effective as original
signatures. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 

 

	 Enteromedics, Inc. 
	Academy Medical, LLC  

  

	 /s/ Greg
Lea                                  
	/s/ W. Kirkland Alexander                      

  

	 Name: Greg Lea 
	Name: W. Kirkland Alexander 

  

	 Title: Chief Financial Officer 
	Title: Chief Operating Officer 

  

	 Date: 
	Date: 5/6/2016 

  
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 Exhibit A – PRODUCTS AND PRICING 

[**] 
 [**] Certain confidential information contained in
this exhibit, marked by brackets and asterisks, has been omitted and filed separately, accompanied by a confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as
amended. 

  
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 Exhibit B – MSPV REPRESENTATION DISTRIBUTORSHIP AGREEMENT 

This Agreement is made effective April 25, 2016 (“Effective Date”) by and between Enteromedics, Inc. (“Company”) and
Academy Medical, LLC, a Florida limited liability company (“Distributor”). The Company and Distributors are sometimes referred to as the “Parties”, and each individually is a “Party”. 

For Distributor to contract with various Medical Surgical Prime Vendors (MSPVs), Company makes the additional representations and gives Distributor permission
to make such representations on its behalf for the purposes of contracting with various MSPVs. 
 Company and Distributor hereby acknowledge that their
Distributorship Agreement (“Agreement”) dated April 25, 2016, is hereby amended as follows to add the following representations. 
 1.
Company representations. Company represents, warrants and covenants: 
 a. Company has the full right, power, and corporate authority to enter into this
Agreement and to make the promises set forth in this Agreement, and there are no outstanding agreements, assignments, licenses, liens or encumbrances of any kind in existence that are either inconsistent with the provisions of this Agreement or
would affect Company’s ability to perform its obligations hereunder. 
 b. No actions are threatened or pending before any court, Governmental
Authority, or other tribunal of any kind, relating to the Product that would affect Company’s ability to perform its obligations hereunder. For purposes of this Agreement, “Governmental Authority” shall mean any supranational,
national, provincial, regional, state, or local governmental or regulatory authority, agency, or other body with regulatory or legal jurisdiction over Company and/or the manufacture and sale of the Products, in the form of laws, statutes,
regulations, or guidance documents; including but not limited to the United States FDA and Health Canada. 
 c. Company affirms that Products do not
infringe on the intellectual property rights of any third party. 
 d. That Company, its employees, agents or representatives performing services or
supplying Products, parts, or raw materials in connection with the Products and/or this Agreement, are not now nor have ever been: (i) convicted of a criminal offense related to health care; or (ii) excluded, debarred, or otherwise
ineligible for participation in a U.S. “Federal health care program” as defined in 42 U.S.C. §1320a-7b(f) (or any applicable successor statutory section) or in any other government payment program. Company hereby further certifies
that it will immediately notify Academy Medical upon its receipt of any indication, whether or not official, that Company, its employees, agents or representatives performing services or supplying Products, parts, or raw materials in connection with
the Products and/or this Agreement, shall be excluded from any U.S. Federal health care program, as defined above, for any reason during the Term. Company further certifies to Academy Medical that (i) to the best of its knowledge, it has no
knowledge of any circumstances which may affect the accuracy of the foregoing representations, including, without limitation, FDA investigations of, or debarment proceedings against Company or any person or entity performing services or rendering
assistance which is in any way related to activities taken pursuant to this Agreement; and (ii) Company will immediately notify Academy Medical in writing, via certified or registered mail, if it becomes aware of any such circumstances
described in this Section at any time during the Term. 
 e. That all Product claims that it makes with respect to the Products in its advertising and
marketing materials, including any Product claims which are reviewed and approved by Company at Academy Medical’s requests conform to all current federal and state regulations, based on FDA submissions and all regulatory 

  
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 considerations that may be applicable to the Product. Company is responsible for assuring that all claims,
features, specifications, technical details and benefits are stated without exaggeration and with fair balance and truthfully reflect the capabilities of the Product. If applicable, Company will have appropriate substantiation on file to support
Product claims. 
 f. The Products will comply with the provisions set forth in the Continuing Guaranty attached hereto as Schedule A, the terms and
conditions of which are made part hereof to the extent consistent with the terms set out in the body of this Agreement. 
 No other portion of the Agreement
is modified. 
 IN WITNESS HEREOF, the Parties hereto have executed this Agreement effective as of the Effective Date. 

 

							
	COMPANY:	 	 	 	Enteromedics, Inc.
				
		 		 	By:	 	 /s/ Greg Lea

		 		 		 	Name: Greg Lea
		 		 		 	Title:   Chief Financial Officer

  

							
	DISTRIBUTOR:	 	 	 	 Academy Medical, LLC
 A Florida
Limited Liability Company

				
		 		 	By:	 	 /s/ W. Kirkland Alexander

		 		 		 	Name: W. Kirkland Alexander
		 		 		 	Title:   Chief Operating Officer

  
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 Schedule A– CONTINUING GUARANTY 

1. Compliance with Laws and Product Warranty: Company specifically represents, warrants, and guarantees that each product shipped, (A) as of the date of
shipment: (i) is not adulterated or misbranded within the meaning of the U.S. Federal Food, Drug, and Cosmetic Act, as amended and the regulations issued thereunder (“Act”); (ii) is free from defects in design, workmanship
and materials, and (iii) has been manufactured, packaged, labeled, and stored in compliance and in accordance with: (a) the applicable product specifications, including not containing any material other than those specifically listed in
the product specification; and (b) all applicable local, state, federal and national laws, regulation, rules, guidelines and procedures, including but not limited to the Act and standards relating to current good manufacturing practices for the
products; and (B) will as of the date of shipment and continuing until the expiration date of each product (as indicated on the product’s label or inserts) or useful life, if the product does not have an expiration date: (i) conform
to the applicable product specifications, and (ii) meet or exceed the claims made by the Company for the products. Company shall provide Academy Medical with additional certifications of Company’s compliance with the representations and
warranties set forth herein as Academy Medical may from time to time reasonably request to fulfill its obligations as a government contractor. 
 2.
Indemnification: Company agrees to defend, indemnify and hold harmless Academy Medical, its directors, officers, employees, representatives, agents and/or affiliated entities from any liability, loss, expense, cost, claim or judgment (including
attorney fees), arising out of: (A) any claim where the product is alleged to have caused or contributed to the damages, injuries or death, provided that this indemnification does not extend to injuries, damages or death to the extent caused by
gross negligence or reckless disregard on the part of Academy Medical or any of its employees; (B) a breach of any representation, warranty, or covenant in any product and/or distribution agreement between Academy Medical and Company; and
(C) any claim that the products infringe the patent, trademark or other proprietary rights of any other party. 
 3. Corrective Actions and Product
Complaints: Notwithstanding any provision in any agreement to the contrary, if Company’s product is subject to a product corrective action (including field corrective action, recall, destruction, or hold), and provided the product corrective
action was not caused by Academy Medical’s gross negligence, recklessness, or willful misconduct, then Company shall be responsible for reimbursing Academy Medical for all costs and expenses associated with the product corrective action,
including, but not limited to: inspection, testing, market withdrawal, communications, labor, shipping, transportation, penalties, fines, and the replacement costs of finished goods and work-in-process in which Company’s product was included
and/or incorporated. Company shall be responsible for notifying the appropriate federal, state and local authorities of any customer complaints or other occurrences regarding the Products which are required to be so reported, evaluating all
complaints and responding to Academy Medical in writing on the resolution of any complaints from Academy Medical or its customers. 

  
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 4. Survival of Guaranty: This guaranty shall be continuing and shall be binding upon the Company and his or its
heirs, executors, administrators, successors and/or assigns and shall inure to the benefit of Academy Medical, its successors and assigns and to the benefit of its officers, directors, agents and employees. 

Effective Date: April 25, 2016 
  

							
	COMPANY:	 	 	 	Enteromedics, Inc.
				
		 		 	By:	 	 /s/ Greg Lea

		 		 		 	Name: Greg Lea
		 		 		 	Title:   Chief Financial Officer

  
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 [**] Certain confidential information contained in this document, marked by brackets and asterisks, has been
omitted and filed separately, accompanied by a confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

MODIFICATION TO 

RESELLER AND BUSINESS CHANNEL SERVICES AGREEMENT 

DATED APRIL 25, 2016 
 This
modification Agreement is made effective July 26, 2016 (“Effective Date”) by and between Enteromedics, Inc. (“Company”) and Academy Medical, LLC, a Florida limited liability company (“Distributor”). The Company and
Distributors are sometimes referred to as the “Parties”, and each individually is a “Party”. 
 Company and Distributor hereby
acknowledge that their Reseller and Business Channel Services Agreement (“Agreement”) dated April 25, 2016, is hereby amended as follows. 

1. “Exhibit A” is replaced with “Exhibit A Revised 07/26/2016” below. 

No other portion of the Agreement is modified. 
 IN WITNESS
HEREOF, the Parties herto have executed this Agreement effective as of the Effective Date. 
  

	 COMPANY: 
	Enteromedics, Inc. 

 By: /s/ Greg
Lea                                         

 Name: Greg Lea 
 Title:   Chief Financial Officer

  

	 DISTRIBUTOR: 
	Academy Medical, LLC 

 A Florida Limited Liability Company 

By: /s/ W. Kirkland
Alexander                             

Name: W. Kirkland Alexander 
 Title:   Chief
Operating Officer 

  
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 Exhibit A Revised 7/26/16 – PRODUCTS AND PRICING 

EnteroMedics, Inc. 

Negotiated Pricing GOVERNMENT DISTRIBUTOR AGREEMENT 

Currency – USD 
 [**] 

[**] Certain confidential information contained in this exhibit, marked by brackets and asterisks, has been omitted and filed separately, accompanied by a
confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  
 Page 2 of 2EX-10.1

 Exhibit 10.1 

Execution Version 

GUARANTY 
 This Guaranty
(this “Guaranty”) is dated as of August 12, 2016, by and between KBR, Inc., a Delaware corporation (the “Guarantor”), in favor of Honeywell International Inc., a Delaware corporation (the
“Beneficiary”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Purchase Agreement. 

Recitals 
 WHEREAS, this
Guaranty is being provided in connection with that certain Purchase and Sale Agreement, dated as of the date hereof (the “Purchase Agreement”), by and among the Beneficiary, Honeywell Technology Solutions Inc., a Delaware
corporation, and KBR Holdings, LLC, a Delaware limited liability company (“Buyer”). 
 WHEREAS, Buyer is a wholly-owned
Subsidiary of the Guarantor, and the Guarantor acknowledges and agrees that it will derive benefit under the Purchase Agreement and the Transactions; and 

WHEREAS, as an inducement to the Beneficiary to enter into the Purchase Agreement and consummate the Transactions, and as consideration
therefor, the Guarantor has agreed to enter into this Guaranty in favor of the Beneficiary. 
 NOW THEREFORE, in consideration of the
premises and covenants hereinafter contained, and to induce the Beneficiary to consummate the Transactions, the Guarantor hereby agrees as follows: 

1. Guaranty. (a) The Guarantor hereby absolutely, irrevocably and unconditionally guarantees the due, punctual and full payment
and performance of Buyer’s present and future payment and performance obligations under the Purchase Agreement, including the payments due from Buyer pursuant to the terms of Sections 2.04, 2.05 and 2.06 of the Purchase
Agreement (collectively, the “Guaranteed Obligations”), as and when due under the Purchase Agreement. This Guaranty shall be a guarantee of payment and performance and not merely of collection. The Guarantor, promptly after demand,
shall reimburse the Beneficiary for all costs and expenses of collecting such amounts or otherwise enforcing this Guaranty, including reasonable and documented out-of-pocket attorneys’ fees and expenses, excluding, for the avoidance of doubt,
any costs, fees and expenses incurred that would also arise if the Guarantor were a direct party to the Purchase Agreement as the buyer thereunder. Except as provided in Section 2 hereof or as otherwise expressly provided for herein or in the
Purchase Agreement, the Guarantor hereby promises and undertakes to make all payments hereunder free and clear of any defense, counterclaim or right of set-off or recoupment. The Guarantor hereby covenants and agrees that it shall not, and shall
cause its Affiliates not to, institute, directly or indirectly, any claim, action, lawsuit or proceeding asserting that this Guaranty is illegal, invalid or unenforceable in accordance with its terms. 

(b) The Guarantor hereby agrees that, to the fullest extent permitted by law, its obligations hereunder shall be unconditional, and shall not
be discharged or otherwise affected by (i) the validity or enforceability of the Purchase Agreement or any other Transaction Document against Buyer (except as otherwise provided in Section 2 below), (ii) any change or

 
amendment or waiver of this Guaranty or any provision of the Purchase Agreement or any other Transaction Document, (iii) any extension of time with respect to or failure to enforce any
Guaranteed Obligations, (iv) the recovery of any judgment against Buyer or any action to enforce the same, (v) any failure by the Beneficiary to give notice of default to the Guarantor or any other notice to the Guarantor, (vi) the
occurrence or continuance of any event of bankruptcy, reorganization or insolvency with respect to the Guarantor or Buyer, or the dissolution, liquidation or winding up of the Guarantor or Buyer, or (vii) any other circumstances or events,
whether similar or dissimilar to the foregoing which may otherwise constitute a legal or equitable discharge or defense of the Guarantor. The Guarantor covenants that this Guaranty will not be discharged except by complete payment and performance of
all Guaranteed Obligations. This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of amounts due under the Purchase Agreement is rescinded or must otherwise be returned by Seller upon the
insolvency, bankruptcy or reorganization of the Guarantor or Buyer or otherwise, all as though such payment had not been made. The Guarantor is a primary obligor and not merely a surety for the Guaranteed Obligations and the Beneficiary may, in its
sole discretion, bring and prosecute a separate action or actions against the Guarantor for the full amount of the Guaranteed Obligations, regardless of whether action is brought against Buyer or any other Person, whether or not Buyer or any other
Person is joined in any such action or actions. The Guarantor unconditionally waives, to the extent permitted by applicable Law, (i) notice of any of the matters referred to in this Section 1, the incurrence of any Guaranteed Obligations,
any breach or default by Buyer with respect to the Guaranteed Obligations or any other notice required, by Law or otherwise, to preserve the rights of the Beneficiary against the Guarantor and (ii) presentment to or demand of payment from Buyer
or the Guarantor with respect to the Purchase Agreement or protest for nonpayment or dishonor. For the avoidance of doubt, nothing herein shall operate as a guaranty of the payment and performance obligations of Buyer or the Company under the
Transition Services Agreement or the Honeywell Master Services Agreement. 
 2. Specific Defenses of Guarantor. The Beneficiary
agrees that in no event shall Guarantor be required to pay any amount or perform any obligation hereunder except and then only to the extent that Buyer is so obligated to pay or perform under the terms of the Purchase Agreement, and in each case,
the Guaranteed Obligations are subject to such defenses, counterclaims and rights of set off and recoupment that Buyer may have under the Purchase Agreement, including (a) any claim, set-off, deduction, defense or release that Buyer could
assert against the Beneficiary under the terms of, or with respect to, the Purchase Agreement (subject to the limitations on liability set forth therein), (b) with respect to whether the Guaranteed Obligations that are alleged due and payable
are in fact due and payable, including that the Guaranteed Obligations have been paid and whether payment is excused or waived under the terms of the Purchase Agreement, and (c) any lack of enforceability of the Purchase Agreement by reason of
fraud. 
 3. Sole Remedy. 

(a) No Person other than the Guarantor has any obligations under this Guaranty and, with respect to this Guaranty, the Beneficiary has no
remedy, recourse or right of recovery against, or contribution from any other Person, including (i) any Subsidiary or Affiliate of the Guarantor, (ii) any officer, equityholder, director, employee, agent, controlling person or

  
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assignee of the Guarantor or of any Subsidiary or Affiliate of the Guarantor, or (iii) any lender or prospective lender, lead arranger, arranger, agent, broker, underwriter or representative
of or to the Guarantor or Buyer (collectively, the “Buyer Related Parties”), whether through the Guarantor or Buyer or otherwise, whether by or through attempted piercing of the corporate veil or similar action, by the enforcement
of any assessment or by any legal or equitable claim, action lawsuit or proceeding, by virtue of any Law, by or through a claim by or on behalf of the Guarantor or Buyer against the Guarantor or any Buyer Related Party, or otherwise, except for its
rights against the Guarantor under this Guaranty. 
 (b) The Beneficiary hereby covenants and agrees that it shall not institute, directly
or indirectly, any claim, action, lawsuit or proceeding arising under, or in connection with, this Guaranty, the Purchase Agreement or the Transactions, against the Guarantor or any Buyer Related Party except for claims by the Beneficiary
(i) against the Guarantor under and in accordance with this Guaranty (the “Retained Guaranty Claims”), (ii) against any other counterparty to the Confidentiality Agreement (the “Retained Confidentiality
Claims”) or (iii) claims by the Beneficiary against Buyer under and in accordance with the Purchase Agreement or any other Transaction Agreement (the “Retained Purchase Agreement Claims” and together with the Retained
Confidentiality Claims and the Retained Guaranty Claims, the “Retained Claims”). 
 (c) Recourse (i) against the
Guarantor solely with respect to the Retained Guaranty Claims and the Retained Confidentiality Claims and (ii) against Buyer solely with respect to the Retained Purchase Agreement Claims shall be the sole and exclusive remedy of the Beneficiary
against the Guarantor or any Buyer Related Party in respect of any liabilities or obligations arising under, or in connection with, the Purchase Agreement, the Transactions, or this Guaranty (including in respect on any representations made or
alleged to be made in connection with this Guaranty), and such recourse shall be subject to the other limitations described herein and therein. 

(d) Notwithstanding the foregoing, in the event the Guarantor consolidates with or merges with any Person and is not the continuing or
surviving entity of such consolidation or merger or transfers or conveys all or substantially all of its properties and other assets to any Person, then, and in each such case, the Beneficiary may seek recourse with respect to the Retained Guaranty
Claims or the Retained Confidentiality Claims that would otherwise be available to the Beneficiary if such consolidation or merger or transfer or conveyance had not occurred, against such continuing or surviving entity or such Person, as the case
may be, but only to the extent of the unpaid liability of the Guarantor hereunder up to the amount of the Guaranteed Obligations, as determined in accordance with this Guaranty. 

4. Termination. The Guarantor shall have no further liability or obligation under this Guaranty from and after the earliest of
(a) a written agreement between the Guarantor and the Beneficiary terminating the obligations and liabilities of the Guarantor pursuant to this Guaranty and (b) the termination of the Purchase Agreement in accordance with its terms. 

5. Representations and Warranties. The Guarantor hereby represents and warrants to the Beneficiary that (i) the obligations of the
Guarantor under this Guaranty are the valid, binding and legally enforceable obligations of the Guarantor, (ii) the execution and delivery of 

  
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this Guaranty by the Guarantor has been duly and validly authorized in all respects by the Guarantor, (iii) the person who is executing and delivering this Guaranty on behalf of the
Guarantor has full power, authority and legal right to so do and (iv) the execution and delivery of this Guaranty and the performance of it by the Guarantor will not (x) except to the extent obtained on or prior to the date hereof, require
any consent, approval, authorization or Permit of, or filing with or notification to, any Governmental Entity, (y) violate in any material respect any Law or Judgment applicable to the Guarantor; or (z) result in a material violation of or
material default (or an event that, with or without notice or lapse of time or both, would become a material default) under, or give rise to a right of termination, cancellation or acceleration of any material obligation, any material Contract to
which the Guarantor is a party or by which any of its material properties is bound. 
 6. Miscellaneous. 

(a) Any notice, request, instruction or other communication to be given hereunder by any party to the other parties shall be in writing and
shall be deemed to have been duly given (a) when delivered personally, (b) one business day following the day when sent by overnight courier (with written confirmation of receipt), (c) three business days following the day when sent
by postpaid registered or certified mail or (d) when sent by email (provided that an additional copy is delivered one business day thereafter in accordance with the delivery method set forth in the preceding clauses (a) or (b)), in each
case to the parties at the following addresses: 
 To the Guarantor: 

KBR, Inc. 
 601 Jefferson Avenue

 Houston, Texas 77002 
 Attn:
Executive Vice President and General Counsel 
 Email: eileen.akerson@kbr.com 

with a copy (which shall not constitute notice) to: 

Hogan Lovells US LLP 
 Park Place
II, Ninth Floor 
 7930 Jones Branch Drive 

McLean, Virginia 22102 
 Attn:
Carine Stoick 
 Email: carine.stoick@hoganlovells.com 

To the Beneficiary: 

Honeywell International Inc. 
 115
Tabor Road 
 Morris Plains, NY 07950 

Attn: General Counsel and Senior Vice President 

Email: kate.adams@honeywell.com 

  
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 with a copy (which shall not constitute notice) to: 

Cravath, Swaine & Moore LLP 

Worldwide Plaza 
 825 Eighth
Avenue 
 New York, New York 10019 

Attn: Eric L. Schiele, Esq. 

Email: eschiele@cravath.com 
 (b)
Counterparts. This Guaranty may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which shall be deemed to constitute the same Agreement. 

(c) Confidentiality. This Guaranty shall be treated as confidential and is being provided to the Beneficiary solely in connection with
the Transaction. This Guaranty may not be used, circulated, quoted or otherwise referred to in any document, except (i) with the prior written consent of the Guarantor or (ii) as may be required by applicable Law, court process or stock
exchange rules; provided that, to the extent permissible (under Law, court process or stock exchange rules) and reasonably practicable, the Guarantor is given prompt written notice of any such requirement so that it may seek a protective
order or other remedy. Notwithstanding the foregoing, this Guaranty may be provided by the Beneficiary to its advisors, strictly for informational purposes, who have been directed by the Beneficiary to treat this Guaranty as confidential in
accordance with this Section 6(c). 
 (d) Governing Law. This Guaranty shall be governed by and construed in accordance with the
Laws of the State of Delaware without giving effect to the principles of conflicts of law thereunder. 
 (e) Consent to Jurisdiction;
Venue. All Actions arising out of or relating to this Guaranty shall be brought exclusively in the Court of Chancery of the State of Delaware sitting in New Castle County and any state appellate court therefrom within the State of Delaware, or,
only if such Court of Chancery declines to accept jurisdiction over such Action, in any state or federal court of competent jurisdiction in the State of Delaware. Each party hereto hereby (i) submits to the exclusive jurisdiction of such state
or federal courts in the State of Delaware for the purpose of any Action arising out of or relating to this Guaranty brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by way of motion, defense or otherwise, in
any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that such party’s property is exempt or immune from attachment or execution, that the Action is
brought in an inconvenient forum, that the venue of the Action is improper or that this Guaranty may not be enforced in or by the above-named courts. Each party consents to the service of process in any such
Action in the above-named courts by the mailing of such process by registered or certified mail at such party’s address for notices specified herein. Each party hereto irrevocably and unconditionally waives any right to a trial by jury in
connection with any Action arising out of or relating to this Guaranty. 

  
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 (f) Headings. The headings contained in this Guaranty are for reference purposes only and
shall not affect in any way the meaning or interpretation of this Guaranty. 
 (g) Waiver and Amendment. This Guaranty shall not be
modified, altered, or otherwise amended except pursuant to an instrument in writing executed and delivered by each of the parties hereto. Except as otherwise provided in this Guaranty, any failure of any party hereto to comply with any obligation,
covenant, agreement or condition herein may be waived by the party entitled to the benefits thereof only by a written instrument signed by the party granting such waiver, but such waiver or failure to insist upon strict compliance with such
obligations, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. No failure on the part of the Beneficiary to exercise, and no delay in exercising, any right, remedy or
power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Beneficiary of any right, remedy or power hereunder preclude any other or future exercise of any right, remedy or power. 

(h) Entire Agreement. This Guaranty, the Purchase Agreement, together with the Exhibits and Schedules thereto, the Ancillary Documents
and the Confidentiality Agreement, contains the entire agreement between the parties with respect to the Transactions and supersedes all prior agreements or understandings, whether written or oral, between the parties. 

(i) Severability. Should any provision of this Guaranty or the application thereof to any Person or circumstance be held invalid or
unenforceable to any extent (a) such provision shall be ineffective to the extent, and only to the extent, of such unenforceability or prohibition and shall be enforced to the greatest extent permitted by Law; (b) such unenforceability or
prohibition in any jurisdiction shall not invalidate or render unenforceable such provision as applied (i) to other Persons or circumstances or (ii) in any other jurisdiction; and (c) such unenforceability or prohibition shall not
affect or invalidate any other provision of this Guaranty. 
 (j) Including. Whenever the words “include,”
“includes” or “including” are used in this Guaranty, they shall be deemed to be followed by the words “without limitation.” 

(k) Successors and Assigns. This Guaranty and all the provisions hereof shall be binding upon, inure to the benefit of, and be
enforceable by, the parties hereto and their respective successors and permitted assigns. This Guaranty is not transferable or assignable by the Beneficiary. The Guarantor may not assign or delegate, in whole or in part, its obligations hereunder to
any other person without the prior written consent of the Beneficiary, and any purported assignment or delegation in violation of this clause (k) shall, in the sole discretion of the Beneficiary, be void ab initio. 

(l) Specific Performance. The Guarantor agrees that irreparable damage would occur and that the Beneficiary would not have any adequate
remedy at law if any of the provisions of this Guaranty were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Beneficiary shall be entitled to an

  
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injunction or injunctions to prevent breaches of this Guaranty and to enforce specifically the terms and provisions of this Guaranty without proof of actual damages, this being in addition to any
other remedy to which the Beneficiary is entitled at law or in equity. The Guarantor further agrees that (i) the Beneficiary shall not be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to
obtaining any such remedy, and the Guarantor hereby irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument and (ii) the Guarantor will not oppose the granting of such
remedy. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Guaranty to be executed by their
respective officers thereunto duly authorized, as of the date first written above. 
  

			
	 GUARANTOR
  

KBR, Inc.

		
	By:	 	 /s/ Stuart J. B. Bradie

	Name:	 	Stuart J. B. Bradie
	Title:	 	President and Chief Executive Officer

  
 [Signature Page to
Guaranty Agreement] 

 IN WITNESS WHEREOF, the parties hereto have caused this Guaranty to be executed by their
respective officers thereunto duly authorized, as of the date first written above. 
  

			
	 BENEFICIARY
  

Honeywell International Inc.

		
	By:	 	 /s/ Anne Madden

	Name:	 	Anne Madden
	Title:	 	 Global Head of M&A and Vice President
 of
Corporate Development

  
 [Signature Page to
Guaranty Agreement]

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