Document:

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                                                                   Exhibit 10.17

                   FIRST AMENDMENT TO REIMBURSEMENT AGREEMENT

     THIS FIRST AMENDMENT TO REIMBURSEMENT AGREEMENT (the "Amendment") dated as
of December 29, 2003 by and between ANGIODYNAMICS, INC., a Delaware corporation,
with its principal place of business at 603 Queensbury Avenue, Queensbury, New
York 12804 (the "Company"), and KEYBANK NATIONAL ASSOCIATION, a national banking
association, having an office at 66 South Pearl Street, Albany, New York 12207
(the "Bank");

                              W I T N E S S E T H:

     WHEREAS, in connection with the issuance of the Letter of Credit (as
hereinafter defined), the Company and the Bank executed and delivered a certain
reimbursement agreement dated as of August 1, 2002 (the "Reimbursement
Agreement") (all terms used herein and not otherwise defined shall have the
meanings assigned to such terms in the Reimbursement Agreement); and

     WHEREAS, the parties desire to modify the Reimbursement Agreement in the
manner hereinafter set forth; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

     1.   Section 1.1 of the Reimbursement Agreement is hereby amended to
include the following defined terms to appear in their proper alphabetical order
with Section 1.1:

     "Senior Funded Indebtedness" shall mean total Indebtedness less any
subordinated Indebtedness.

     "Senior Leverage Ratio" shall mean the ratio of the Company's (i) Senior
Funded Indebtedness to (ii) EBITDA less Unfunded Capital Expenditures,
calculated in accordance with GAAP.

     2.   Section 1.1 of the Reimbursement Agreement is hereby amended to delete
the defined terms "Interest Coverage Ratio" and "Funded Debt Ratio".

     3.   All references in the Reimbursement Agreement to the term "Funded Debt
Ratio" shall be amended to instead refer to "Senior Leverage Ratio".

     4.   Subsection (b) of Section 6.25 of the Reimbursement Agreement is
hereby amended and restated in its entirety to read as follows:

          "(b) The Company shall not allow its Senior Leverage Ratio to exceed
          2.75 to 1.00 calculated as of each May 31st and November 30/th/ based
          upon the most recently concluded four fiscal quarters of the Company.

     5.   The Company hereby represents and warrants as follows:

          (i)   no Event of Default has occurred and no event has occurred with
which the passage of time or the giving of notice or both would constitute an
Event of Default;

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          (ii)  there exist no defenses or offsets to the obligations of the
Company under the Reimbursement Agreement; and

          (iv)  the execution and delivery of this Amendment have been approved
by all necessary corporate action on the part of the Company.

     6.   As modified hereby, all of the terms, provisions and conditions of the
Loan Agreement are hereby ratified and confirmed.

     7.   The Amendment may be executed in several counterparts, each of which
shall be an original and all of which shall constitute but one and the same
instrument.

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

                                        ANGIODYNAMICS, INC.

                                        By: /s/ Joseph G. Gerardi
                                           -------------------------------------
                                            Joseph G. Gerardi, Vice President
                                            and Controller

                                        KEYBANK NATIONAL ASSOCIATION

                                        By: /s/ Bryant J. Cassella
                                           -------------------------------------
                                            Bryant J. Cassella, Senior Vice
                                            President<PAGE>

                                                                   Exhibit 10.20

                                    AGREEMENT

     THIS AGREEMENT (the "Agreement"), effective as of January 1, 2004 by and
between AngioDynamics, Inc., a Delaware corporation (the "Company") and Donald
A. Meyer ("Meyer").

     WHEREAS, Meyer is a current member of the Board of Directors of the Company
(the "Board") and has served as a member of the Board for the past 8 years; and

     WHEREAS, the Company recognizes Meyer's past contributions to the Company
and wants to provide for the continuation of his contributions to the Company.

     NOW, THEREFORE, the parties hereto, intending to be legally bound hereby,
agree as follows:

1.   Position. Meyer shall provide to the Company certain services, including
     --------
     (i) serving as Trustee of the Company's 401(k) savings plan, and (ii) such
     other services as may reasonably be requested by the Company from time to
     time (collectively, the "Services").

2.   Independent Contractor. Meyer shall perform the Services as an independent
     ----------------------
     contractor and consultant and not as an employee of the Company. The
     Company shall not withhold any amounts for taxes from payments made to
     Meyer. Meyer shall be responsible for the payment of all taxes in
     connection with amounts paid to him by the Company and shall indemnify the
     Company and hold the Company harmless with respect to the payment of all
     such taxes.

3.   Board of Directors. Meyer hereby agrees to resign from the Board when his
     ------------------
     replacement is selected by the Board. Except as provided in Section 5,
     Meyer shall not receive any compensation for his continued service as a
     member of the Board from the effective date of this Agreement until his
     resignation.

4.   Term. The term of this Agreement shall be thirty-six (36) months,
     ----
     commencing on January 1, 2004 and terminating on December 31, 2006 (the
     "Term"). Notwithstanding the foregoing, this Agreement shall terminate upon
     the earliest to occur of (i) a change in control (as defined in the
     Company's standard change in control agreement), (ii) Meyer's death or
     (iii) thirty days after the proper giving of notice by one party of a
     material breach of this Agreement by the other party (unless such material
     breach is cured during such 30-day period).

5.   Compensation. In consideration of Meyer's continued service as a member of
     ------------
     the Board until January 24, 2004, and his performance of the Services,
     Meyer shall receive thirty-six (36) equal monthly payments of $3,500.00,
     payable on the first day of each month commencing January 1, 2004. Meyer
     shall continue to receive such payments upon his disability, but such
     payments shall cease upon the end of the month in which a change in control
     or Meyer's death occurs. Except as set forth herein, Meyer shall not
     receive any additional compensation or payments.

6.   Stock Options. The Company shall take all action deemed necessary and
     -------------
     appropriate so that all Company stock options held by Meyer as of December
     31, 2003 shall expire on the earlier of (i) December 31, 2006, or (ii) the
     10 year anniversary of the original

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     grant date of each stock option, provided, that in the event this Agreement
     is terminated, all vested stock options shall expire ninety (90) days after
     the date of termination.

7.   Business Expenses. In addition to the Compensation provided for in Section
     -----------------
     5, during the Term the Company shall reimburse Meyer for reasonable travel
     expenses incurred consistent with the Company's policies, in connection
     with his performance of the Services.

8.   Confidentiality. Meyer shall execute the Company's standard Nondisclosure
     ---------------
     and Assignment of Inventions Agreement (the "NDA"), which shall prohibit
     his use and disclosure of confidential information during the Term and
     thereafter until such information no longer constitutes confidential
     information.

9.   Non-Competition. Provided that the Company shall not be in material breach
     ---------------
     of its obligations under paragraphs 1, 3, 5 and 6 hereof (it being
     understood that no such material breach shall be deemed to have occurred
     until and unless Meyer has provided the Company with written notice of such
     material breach and the Company has not cured such breach in all material
     respects within thirty days after receipt of such notice), Meyer agrees
     that during the Term and for a period of twelve (12) months following the
     termination or expiration of this Agreement, he shall not in any state or
     territory of the United States in which the Company conducts business,
     directly or indirectly, own, manage, operate, control, be employed by, be a
     shareholder of, be an officer of, participate in, contract with or be
     connected in any capacity or any manner with any business that directly or
     indirectly (whether through related companies or otherwise) manufactures,
     develops, designs, distributes, sells, or markets any product, device or
     equipment substantially similar to any product, device or equipment which
     during the Term has been manufactured, marketed, sold or distributed by the
     Company or any product, device or equipment (unless such product, device or
     equipment has been abandoned by the Company or such product, device or
     equipment is not competitive with the Company's business) which the Company
     was developing or designing during the Term for future manufacturing,
     marketing, sale and distribution; provided, however that nothing herein
     shall prohibit Meyer from owning, directly or indirectly, as a passive
     investor, in the aggregate not more than one percent (1%) of the
     outstanding publicly traded stock of any company that competes with the
     Company. For purposes of this Section 10, E-Z-EM, Inc. shall not be deemed
     a competitor and nothing herein shall prevent Meyer from continuing to
     provide services to E-Z-EM, Inc.

10.  Miscellaneous.
     -------------

     10.1. Notices. All notices, requests and other communications hereunder
           -------
          must be in writing and shall be deemed to have been duly given only if
          delivered personally against written receipt or by facsimile
          transmission or mailed by prepaid first class certified mail, return
          receipt requested, or mailed by overnight courier prepaid, to the
          parties at the following addresses or facsimile numbers:

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                                     - 3 -

               If to the Company:

               AngioDynamics, Inc.
               603 Queensbury Avenue
               Queensbury, NY 12804
               Attn:  President & CEO
               Facsimile:  (518) 798-1215

               If to Meyer:

               Donald A. Meyer
               1261 Vallecita Drive
               Santa Fe, NM  87501
               Facsimile:  (505) 982-2828

               Any party may from time to time change its address or
               facsimile number for the purpose of notices to that party
               by a similar notice specifying a new address or facsimile
               number, but no such change shall be deemed to have been
               given until it is actually received by the party sought to
               be charged with its contents.

         10.2. Entire Agreement. This Agreement supersedes all prior discussions
               ----------------
               and agreements between the parties with respect to the subject
               matter hereof and thereof and contain the sole and entire
               agreement between the parties hereto with respect to the subject
               matter hereof and thereof. Without limiting the foregoing, all
               prior agreements between the Company and Meyer provided, however,
               the foregoing shall not apply to options, vested or unvested,
               previously granted to Meyer by the Company or AngioDynamics, Inc.

         10.3. Waiver. Any term or condition of this Agreement may be waived at
               ------
               any time by the party that is entitled to the benefit thereof,
               but no such waiver shall be effective unless set forth in a
               written instrument duly executed by or on behalf of the party
               waiving such term or condition. No waiver by any party of any
               term or condition of this Agreement, in any one or more
               instances, shall be deemed to be or construed as a waiver of the
               same or any other term or condition of this Agreement on any
               future occasion. All remedies, either under this Agreement or by
               law or otherwise afforded, shall be cumulative and not
               alternative.

         10.4. Amendment. This Agreement may be amended, supplemented or
               ---------
               modified only by a written instrument duly executed by or on
               behalf of each party hereto.

         10.5. No Third Party Beneficiary. The terms and provisions of this
               --------------------------
               Agreement are intended solely for the benefit of each party
               hereto and their respective successors or permitted assigns, and
               it is not the intention of the parties to confer third-party
               beneficiary rights, and this Agreement does not confer any such
               rights, upon any other person.

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                                      - 4 -

         10.6. Assignment; Binding Effect. Neither this Agreement nor any right,
               --------------------------
               interest or obligation hereunder of Meyer may be assigned (by
               operation of law or otherwise) without the prior written consent
               of the Company and any attempt to do so shall be void.

         10.7. Invalid Provisions. If any provision of this Agreement is held to
               ------------------
               be illegal, invalid or unenforceable under any present or future
               law, and if the rights or obligations of any party hereto under
               this Agreement shall not be materially and adversely affected
               thereby, (a) such provision shall be fully severable, (b) this
               Agreement shall be construed and enforced as if such illegal,
               invalid or unenforceable provision had never comprised a part
               hereof, (c) the remaining provisions of this Agreement shall
               remain in full force and effect and shall not be affected by the
               illegal, invalid or unenforceable provision or by its severance
               herefrom and (d) in lieu of such illegal, invalid or
               unenforceable provision, there shall be added automatically as a
               part of this Agreement a legal, valid and enforceable provision
               as similar in terms to such illegal, invalid or unenforceable
               provision as may be possible.

         10.8. Governing Law. This Agreement shall be governed by and construed
               -------------
               in accordance with the domestic laws of the State of New York,
               without giving effect to any choice of law or conflict of law
               provision or rule (whether of the State of New York or any other
               jurisdiction) that would cause the application of the laws of any
               jurisdiction other than the State of New York.

         10.9. Dispute Resolution. Any dispute, controversy or claim between the
               ------------------
               Company and Meyer arising from or in connection with this
               Agreement (a "Dispute") regardless of the magnitude thereof or
               the amount in controversy or whether such Dispute would otherwise
               be considered justiciable or ripe for resolution by a court or
               arbitral tribunal, shall be submitted to, and finally determined
               by, arbitration in accordance with the AAA Commercial Rules. The
               arbitration shall be held in New York, New York. Any award
               pursuant to such arbitration may be enforced in any court having
               competent jurisdiction. The prevailing party shall recover its
               legal fees and costs from the non-prevailing party.

        10.10. Construction. The parties hereto agree that this Agreement is
               ------------
               the product of negotiation between sophisticated parties and
               individuals, all of whom were represented by counsel, and each of
               whom had an opportunity to participate in and did participate in,
               the drafting of each provision hereof. Accordingly, ambiguities
               in this Agreement, if any, shall not be construed strictly or in
               favor of or against any party hereto but rather shall be given a
               fair and reasonable construction without regard to the rule of
               contra proferentum.
               ------------------

        10.11. Counterparts. This Agreement may be executed in any number of
               ------------
               counterparts, each of which shall be deemed an original, but all
               of which together shall constitute one and the same instrument.

        10.12. Captions. Captions herein are inserted for reference purposes
               --------
               only and shall not affect the interpretation or construction of
               this Agreement.

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                                     - 5 -

        10.13. Further Assurances. Each party hereto, at its own expense, shall
               ------------------
               deliver all such further instruments and documents as may
               reasonably be requested by the other party in order to fully
               carry out the intent and accomplish the purposes of the
               transactions referred to therein.

            [The remainder of this page is intentionally left blank]

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     IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement
as of the date first above written.

E-Z-EM, INC.

By: /s/ Eamonn P. Hobbs                        /s/ Donald A. Meyer
    -------------------                        -------------------
Name: Eamonn P. Hobbs                          Donald A. Meyer
Its:  President & CEO

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