Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT
AGREEMENT (the “Agreement”), is entered into as of [ ], 2018 (the
“Effective Date”), by and between Powerbridge Technologies Co., Limited ,
a company incorporated and existing under the laws of the Cayman Islands (the “Company”), and [
], an individual (the “Executive”). The term “Company” as used herein with respect to
all obligations of the Executive hereunder shall be deemed to include the Company and all of its direct or indirect parent companies,
subsidiaries, affiliates, or subsidiaries or affiliates of its parent companies (collectively, the “Group”).

 

RECITALS

 

The Company desires
to employ the Executive as its [INSERT TITLE] and to assure itself of the services of the Executive during the term of Employment
(as defined below).

 

The Executive
desires to be employed by the Company as its [INSERT TITLE] during the term of Employment and upon the terms and conditions of
this Agreement.

 

AGREEMENT

 

The parties hereto
agree as follows:

 

	 	1.	POSITION

 

The Executive hereby accepts
a position of [INSERT TITLE] of the Company (the “Employment”).

 

	 	2.	TERM

 

Subject to the terms and
conditions of this Agreement, the initial term of the Employment shall be [ ] months ,
commencing on the Effective Date, unless terminated earlier pursuant to the terms of this Agreement. The Employment will be renewed
automatically for additional [ ]-year terms if neither the Company nor the Executive provides a [ ]-month prior written notice
of termination of the Employment to the other party, or otherwise proposes to re-negotiate the terms of the Employment with the
other party within three months prior to the expiration of the applicable term, or unless the Employment is terminated earlier
pursuant to the terms of this Agreement.

 

	 	3.	PROBATION

 

No probationary period.

 

      

     

    

 

	 	4.	DUTIES AND RESPONSIBILITIES

 

The Executive’s duties
at the Company will include all jobs assigned by the Company’s Board of Directors (the “Board”) and/or
the [ ] of the Company.

 

The Executive shall devote
all of his/her working time, attention and skills to the performance of his/her duties at the Company and shall faithfully and
diligently serve the Company in accordance with this Agreement, Certificate of Incorporation and the Memorandum and Articles
of Association of the Company (the “Articles of Association”), as amended and restated from time to time (collectively,
the “Charter Documents”), and the guidelines, policies and procedures of the Company approved from time to time
by the Board.

 

The Executive shall use
his / her best efforts to perform his / her duties hereunder. The Executive shall not, without the prior written consent of the
Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be
concerned or interested in any business or entity that engages in the same business in which the Company engages (any such business
or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any
shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere
if such shares or securities represent less than 5% of the competitors outstanding shares and securities. The Executive shall notify
the Company in writing of his / her interest in such shares or securities in a timely manner and with such details and particulars
as the Company may reasonably require.

  

	 	5.	NO BREACH OF CONTRACT

 

The Executive hereby represents
to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance by the Executive
of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement
or policy to which the Executive is a party or otherwise bound, except for agreements that are required to be entered into by and
between the Executive and any member of the Group pursuant to applicable law of the jurisdiction where the Executive is based,
if any; (ii) that the Executive has no information (including, without limitation, confidential information and trade secrets)
relating to any other person or entity which would prevent, or be violated by, the Executive entering into this Agreement or carrying
out his/her duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade secret or similar agreement
(other than this) with any other person or entity except for other member(s) of the Group, as the case may be.

 

	 	6.	LOCATION

 

The Executive will be based
in [ ] , the People’s Republic of China, until both parties hereto agree to change
otherwise. The Executive acknowledges that he/she may be required to travel from time to time in the course of performing his/her
duties for the Company.

 

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	 	7.	COMPENSATION AND BENEFITS

 

	 	(a)	Compensation. The Executive’s cash compensation (inclusive of the statutory welfare reserves that the Company is required to set aside for the Executive under applicable law) shall be provided by the Company in a separate schedule A attached herein (“Schedule A”) or as specified in a separate agreement between the executive and the company’s designated subsidiary or affiliated entity, subject to annual review and adjustment by the Company or the compensation committee of the Board. The cash compensation may be paid by the Company, a subsidiary or affiliated entity or a combination thereof, as designated by the Company from time to time.

 

	 	(b)	Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

 

	 	(c)	Benefits. The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan and travel/holiday plan.

  

	 	8.	TERMINATION OF THE AGREEMENT

 

	 	(a)	By the Company. The Company may terminate the Employment for cause, at any time, without notice or remuneration, if the Executive (1) commits any serious or persistent breach or non-observance of the terms and conditions of your employment; (2) is convicted of a criminal offence other than one which in the opinion of the Board does not affect the executive’s position as an employee of the Company, bearing in mind the nature of your duties and the capacity in which the executive is employed; (3) willfully disobeys a lawful and reasonable order; (4) misconducts himself/herself and such conduct being inconsistent with the due and faithful discharge of the Executive’s material duties; (5) is guilty of fraud or dishonesty; or (6) is habitually neglectful in his/her duties. The Company may terminate the Employment without cause at any time with a [ ]-month prior written notice to the Executive or by payment of [ ] months’ salary in lieu of notice.

 

	 	(b)	By the Executive. The Executive may terminate the Employment at any time with a [  ]-month prior written notice to the Company or by payment of [ ] months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

 

	 	(c)	Notice of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting the termination.

 

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	 	9.	CONFIDENTIALITY AND NONDISCLOSURE

 

	 	(a)	Confidentiality and Non-disclosure. The Executive hereby agrees at all times during the term of his/her employment and after termination, to hold in the strictest confidence, and not to use, except for the benefit of the Group, or to disclose to any person, corporation or other entity without written consent of the Company, any Confidential Information. The Executive understands that “Confidential Information” means any proprietary or confidential information of the Group, its affiliates, their clients, customers or partners, and the Group’s licensors, including, without limitation, technical data, trade secrets, research and development information, product plans, services, customer lists and customers (including, but not limited to, customers of the Group on whom the Executive called or with whom the Executive became acquainted during the term of his/her employment), supplier lists and suppliers, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, personnel information, marketing, finances, information about the suppliers, joint ventures, licensors, licensees, distributors and other persons with whom the Group does business, information regarding the skills and compensation of other employees of the Group or other business information disclosed to the Executive by or obtained by the Executive from the Group, its affiliates, or their clients, customers or partners either directly or indirectly in writing, orally or by drawings or observation of parts or equipment, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding the foregoing, Confidential Information shall not include information that is generally available and known to the public through no fault of the Executive.

 

	 	(b)	Company Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created, received or transmitted in connection with his/her work or using the facilities of the Group are property of the Group and subject to inspection by the Group, at any time. Upon termination of the Executive’s employment with the Company (or at any other time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature pertaining to his/her work with the Company and will provide written certification of his compliance with this Agreement. Under no circumstances will the Executive have, following his/her termination, in his/her possession any property of the Group, or any documents or materials or copies thereof containing any Confidential Information.

  

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	 	(c)	Former Employer Information. The Executive agrees that he has not and will not, during the term of his/her employment, (i) improperly use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of the Group any document or confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such former employer, person or entity. The Executive will indemnify the Group and hold it harmless from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation of the foregoing.

 

	 	(d)	Third Party Information. The Executive recognizes that the Group may have received, and in the future may receive, from third parties their confidential or proprietary information subject to a duty on the Group’s part to maintain the confidentiality of such information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Group and such third parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted by, the Group’s agreement with such third party.

 

This Section 9 shall survive the
termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company shall have
right to seek remedies permissible under applicable law.

 

	 	10.	CONFLICTING EMPLOYMENT 

 

The Executive hereby agrees that, during
the term of his/her employment with the Company, he or she will not engage in any other employment, occupation, consulting or other
business activity related to the business in which the Company is now involved or becomes involved during the term of the Executive’s
employment, nor will the Executive engage in any other activities that conflict with his/her obligations to the Company without
the prior written consent of the Company.

 

	 	11.	NON-COMPETITION AND NON-SOLICITATION

 

In consideration of the compensation and
benefits granted to the Executive by the Company and subject to applicable law, the Executive agrees that during the term of the
Employment and for a period of two (2) years  following the termination of the Employment
for whatever reason:

 

	 	(a)	The Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons or entities which will harm the business relationship between the Company and such persons and/or entities;
	 	 	 
	 	(b)	The Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal, partner, licensor or otherwise, in any Competitor; and
	 	 	 
	 	(c)	The Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

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The provisions contained in this Section
11 are considered reasonable by the Executive and the Company. In the event that any such provisions should be found to be void
under applicable laws but would be valid if some part thereof was deleted or the period or area of application reduced, such provisions
shall apply with such modification as may be necessary to make them valid and effective.

 

This Section 11 shall survive the termination
of this Agreement for any reason. In the event the Executive breaches this Section 11, the Executive acknowledges that there will
be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific performance,
and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall have right
to seek all remedies permissible under applicable law.

 

	 	12.	WITHHOLDING TAXES

 

Notwithstanding anything
else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise
due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes
as may be required to be withheld pursuant to any applicable law or regulation.

 

	 	13.	NOTIFICATION OF NEW EMPLOYER

 

In the event that the Executive
leaves the employ of the Company, the Executive hereby grants consent to notification by the Company to his/her new employer about
his/her rights and obligations under this Agreement.

 

	 	14.	ASSIGNMENT

 

This Agreement is personal
in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any
rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement
or any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a merger,
consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or
entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and
such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

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	 	15.	SEVERABILITY

 

If any provision of this
Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of this
Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement
are declared to be severable.

  

	 	16.	ENTIRE AGREEMENT

 

This Agreement constitutes
the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment and supersedes
all prior or contemporaneous oral or written agreements concerning such subject matter, other than any such agreement under any
employment agreement entered into with a subsidiary of the Company at the request of the Company to the extent such agreement does
not conflict with any of the provisions herein. The Executive acknowledges that he/she has not entered into this Agreement
in reliance upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this
Agreement must be in writing and signed by the Executive and the Company.

 

	 	17.	REPRESENTATIONS

 

The Executive hereby agrees
to execute any proper oath or verify any proper document required to carry out the terms of this Agreement. The Executive hereby
represents that the Executive’s performance of all the terms of this Agreement will not breach any agreement to keep in confidence
proprietary information acquired by the Executive in confidence or in trust prior to his/her employment by the Company. The Executive
has not entered into, and hereby agrees that he/she will not enter into, any oral or written agreement in conflict with this Section 19.
The Executive represents that the Executive will consult his/her own consultants for tax advice and is not relying on the Company
for any tax advice with respect to this Agreement or any provisions hereunder.

 

	 	18.	GOVERNING LAW

 

This Agreement shall be
governed by and construed in accordance with the laws of the State of New York.

 

	 	19.	ARBITRATION

 

All
disputes arising under this Agreement shall be governed by and interpreted in accordance with the laws of New York, without regard
to principles of conflict of laws. Any dispute or controversy arising under or in connection with this Agreement shall be settled
exclusively by arbitration, conducted before a panel of three arbitrators in New York, New York, in accordance with the rules
of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having
jurisdiction. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section.

 

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	 	20.	WAIVER OF JURY TRIAL

 

EACH OF THE PARTIES HERETO
HEREBY VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. NO PARTY HAS AGREED WITH OR REPRESENTED TO ANY OTHER PARTY THAT THE PROVISIONS
OF THIS SECTION WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.

 

	 	21.	AMENDMENT

 

This Agreement may not be
amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring to this
Agreement, which agreement is executed by both of the parties hereto.

 

	 	22.	WAIVER

 

Neither
the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other
or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power
or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to
any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted
such waiver. 

  

	 	23.	NOTICES

 

All notices, requests, demands
and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given
and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a recognized
courier with next-day or second-day delivery to the last known address of the other party.

 

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	 	24.	COUNTERPARTS

 

This Agreement may be executed
in any number of counterparts, each of which shall be deemed an original as against any party whose signature appears thereon,
and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts
hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic
copies of such signed counterparts may be used in lieu of the originals for any purpose.

 

	 	25.	NO INTERPRETATION AGAINST DRAFTER

 

Each
party recognizes that this Agreement is a legally binding contract and acknowledges that such party has had the opportunity to
consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed
against either party on the basis of that party being the drafter of such terms. The Executive agrees and acknowledges that
he/she has read and understands this Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel
prior to entering into this Agreement and has ample opportunity to do so. 

 

[Remainder
of this page has been intentionally left blank.]

 

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IN WITNESS WHEREOF, this Agreement
has been executed as of the date first written above.

 

	Powerbridge Technologies Co., Limited	 
	 	 	 
	By:	         	 
	Name:	Ban Lor	 
	Title:	CEO	 

 

Executive

 

	Signature:	 	 
	Name:	 	 

 

[Signature
Page to Employment Agreement]

 

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Schedule A

 

Annual compensation is $[ ]. 

 

 

 

 

 

 

 

 

 

    	 	11Exhibit 10.1

 Exhibit 10.1 

FIRST AMENDMENT 
 TO

 LOAN AND SECURITY AGREEMENT 

This First Amendment to Loan and Security Agreement (this “Amendment”) is entered into this 28th day of December, 2018, among (a) SILICON VALLEY BANK, a California corporation (“SVB”), in its capacity as Administrative Agent (“Agent”), (b) SVB, and
each other lender and other financial institutions party to the Loan Agreement (as defined below) from time to time (each, a “Lender” and collectively, the “Lenders”), and (c) (i) ATRICURE, INC., a
Delaware corporation with its chief executive office located at 7555 Innovation Way, Mason, Ohio 45040 (“AtriCure”), (ii) ATRICURE, LLC, a Delaware limited liability company (“AtriCure LLC”), (iii)
ENDOSCOPIC TECHNOLOGIES, LLC, a Delaware limited liability company (“Endoscopic”), and (iv) nCONTACT SURGICAL, LLC, a Delaware limited liability company (“nContact”, and together with AtriCure,
AtriCure LLC and Endoscopic, individually and collectively, jointly and severally, the “Borrower”). 

RECITALS 

A.    Agent, the Lenders and the Borrower have entered into that certain Loan and Security Agreement dated as of
February 23, 2018 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B.    Agent and the Lenders have extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C.    Agent, Borrower and the Lenders have agreed to make certain revisions to the Loan Agreement as more
fully set forth herein. 
 D.    Agent and the Lenders have agreed to so amend certain provisions of the Loan
Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1.    Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to
them in the Loan Agreement. 
 2.    Amendments to Loan Agreement. 

2.1    Section 2.1.2 (Letters of Credit Sublimit). The title to Section 2.1.2 and subsection
(a) thereof are deleted in their entirety and replaced with the following: 
 2.1.2    Letters of
Credit. 

  
 1 

 (a)    Agent shall have issued Letters of Credit denominated in Dollars
or a Foreign Currency for Borrower’s account. The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Two Million
Five Hundred Thousand Dollars ($2,500,000.00). 
 2.2    Section 2.1.3 (Foreign Exchange Sublimit)
and Section 2.1.4 (Cash Management Services Sublimit). Sections 2.1.3 and 2.1.4 are each deleted in their entirety and replaced with the following: 

2.1.3 [Reserved]. 

2.1.4 [Reserved]. 

2.3    Section 2.3 (Payment of Interest on the Credit Extensions). The following subsection (a)(ii) of
Section 2.3 is deleted in its entirety: 
 (ii)    Term Loan Advance. Subject to Section 2.3(b), the
principal amount of the outstanding Term Loan Advance shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate or (II) four and one-half of one percent
(4.50%), plus (b) three and three-quarters of one percent (3.75%), which interest shall be payable monthly in accordance with Section 2.1.5(b). 

and the following is inserted in lieu thereof: 

(ii)    Term Loan Advance. Subject to Section 2.3(b), the principal amount of the outstanding Term Loan Advance
shall accrue interest at a floating per annum rate equal to (a) the greater of (I) the Prime Rate or (II) four and one-half of one percent (4.50%), plus
(b) one-half of one percent (0.50%), which interest shall be payable monthly in accordance with Section 2.1.5(b). 

2.4    Section 2.4 (Fees). The following subsection (b) of Section 2.4 is deleted in its entirety:

 (b)    Revolving Line Early Termination Fee. Upon termination of the Revolving Line for any reason prior to the
Revolving Line Maturity Date, in addition to the payment of any other amounts then-owing, Borrower shall pay to Agent for the ratable benefit of the Lenders holding a Revolving Line Commitment, a termination fee (the “Termination
Fee”) in an amount equal to (i) if such termination occurs on or prior to the First Anniversary, three percent (3.00%) of the Revolving Line; (ii) if such termination occurs after the First Anniversary but on or before the Second
Anniversary, two percent (2.00%) of the Revolving Line; and (iii) if such termination occurs after the Second Anniversary but prior to the Revolving Line Maturity Date, one percent (1.00%) of the Revolving Line; provided that no
Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from SVB or any Affiliate of SVB; 

  
 2 

 and the following is inserted in lieu thereof: 

(b)    Revolving Line Early Termination Fee. Upon termination of the Revolving Line for any reason prior to the
Revolving Line Maturity Date, in addition to the payment of any other amounts then-owing, Borrower shall pay to Agent for the ratable benefit of the Lenders holding a Revolving Line Commitment, a termination fee (the “Termination
Fee”) in an amount equal to (i) if such termination occurs on or prior to the First Anniversary, eight percent (8.00%) of the Revolving Line; (ii) if such termination occurs after the First Anniversary but on or before the Second
Anniversary, seven percent (7.00%) of the Revolving Line; and (iii) if such termination occurs after the Second Anniversary but prior to the Revolving Line Maturity Date, six percent (6.00%) of the Revolving Line; provided that no
Termination Fee shall be charged if the credit facility hereunder is replaced with a new facility from SVB or any Affiliate of SVB; 

2.5    Section 6.2 (Financial Statements, Reports, Certificates). The following subsections (b) and (d)
are deleted in their entirety: 
 (b)    Accounts Receivable/Accounts Payable Reports. Within thirty
(30) days after the end of each month, (A) monthly accounts receivable agings, aged by invoice date, (B) monthly accounts payable agings, aged by due date, and outstanding or held check registers, if any, (C) monthly
reconciliations of accounts receivable agings (aged by invoice date), transaction reports, detailed debtor listing, Deferred Revenue report, and general ledger, and (D) monthly perpetual inventory reports for Inventory, valued on a first in,
first out basis at the lower of cost or market (in accordance with GAAP) or such other inventory reports as are requested by Bank in its good faith business judgment; 

(d)    Compliance Certificates. Within forty-five (45) days after the end of each quarter and together with the
Borrower-prepared Financial Statements, a duly completed Compliance Certificate signed by a Responsible Officer, certifying that as of the end of such quarter, Borrower was in full compliance with all of the terms and conditions of this Agreement,
and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Agent or the Lenders may reasonably request, including, without limitation, a statement that at the end of such
month there were no held checks; 
 and replaced with the following: 

(b)    Accounts Receivable/Accounts Payable Reports. Within thirty (30) days after the end of each month
(forty-five (45) days after each calendar quarter in which Borrower has maintained the Liquidity Threshold for each Testing Month in such calendar quarter), (A) monthly accounts receivable agings, aged by invoice date, (B) monthly accounts
payable agings, aged by due date, and outstanding or held check registers, if any, (C) monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports, detailed debtor listing, Deferred Revenue report, and
general ledger, and (D) monthly perpetual inventory reports 

  
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for Inventory, valued on a first in, first out basis at the lower of cost or market (in accordance with GAAP) or such other inventory reports as are requested by Bank in its good faith business
judgment; 
 (d)    Compliance Certificates. Within thirty (30) days after the end of each month (forty-five
(45) days after each calendar quarter in which Borrower has maintained the Liquidity Threshold for each Testing Month in such calendar quarter), a duly completed Compliance Certificate signed by a Responsible Officer, certifying that as of the
end of such quarter, Borrower was in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as
Agent or the Lenders may reasonably request, including, without limitation, a statement that at the end of such month there were no held checks; 

2.6    Section 6.2 (Financial Statements, Reports, Certificates). (i) subsection (j) of
Section 6.2 is amended by deleting the word “and” from the end thereof; (ii) subsection (k) of Section 6.2 is amended by deleting the “.” from the end thereof and inserting the following in lieu thereof: “;
and”; and (iii) the following new subsection (l) is hereby inserted immediately following subsection (k) of Section 6.2: 

(l)    prompt written notice of any changes to the beneficial ownership information set forth in Section 2 of the
Perfection Certificate. Borrower understands and acknowledges that Bank relies on true, accurate and up-to-date beneficial ownership information to meet Bank’s
regulatory obligations to obtain, verify and record information about the beneficial owners of its legal entity customers.” 

2.7    Section 6.9 (Financial Covenants). Section 6.9 is amended in its entirety and replaced
with the following: 
 6.9    Financial Covenant. 

Maintain at all times, to be tested as of the last day of each month, unless otherwise noted, on a consolidated basis with respect to Borrower
and its Subsidiaries: 
 (a)    Liquidity Ratio. From and after the First Amendment Effective Date, monthly within
thirty (30) days after the end of each month, a minimum Liquidity Ratio equal to or greater than 1.50:1.00; provided, that in the event Borrower has maintained the Liquidity Threshold for each day in a Testing Month, the Liquidity
Ratio requirement for this section 6.9(a) will not be tested for such Testing Month. 
 2.8    Section 13
(Definitions). The following terms and their respective definitions set forth in Section 13.1 are deleted in their entirety and replaced with the following: 

  
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 “Availability Amount” is (a) the lesser of (i) the Revolving Line
or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances. 
 “Cash
Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition;
(b) commercial paper maturing no more than one (1) year after its creation and having a minimum credit rating, at acquisition, of A-1 by Standard & Poor’s Ratings Group or P-1 by Moody’s Investors Service, Inc.; (c) SVB’s certificates of deposit issued maturing no more than two (2) years from the date of acquisition; (d) corporate bonds and medium term notes
maturing within two (2) years from the date of acquisition and having a minimum credit quality, at acquisition, of A by Standard & Poor’s Ratings Group or A2 by Moody’s Investors Service, Inc.; and (e) money market funds
registered according to SEC Rule 2a-7. 
 “FX Contract” is any foreign exchange
contract by and between Borrower and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date. 

“Term Loan Final Payment” is zero dollars ($0.00). 

“Term Loan Prepayment Premium” is an additional fee payable to Agent, for the ratable benefit of the Lenders with a Term Loan
Commitment, in an amount equal to: 
 (a)    for a prepayment of a Term Loan Advance made on or prior to the first
anniversary of the First Amendment Effective Date, six percent (6.00%) of the original principal amount of such Term Loan Advance; and 

(b)    for a prepayment of a Term Loan Advance made after the first anniversary of the First Amendment Effective Date (and
any time thereafter, zero percent (0.00%) of the original principal amount of such Term Loan Advance; 
 provided that no Term
Loan Prepayment Premium shall be charged if the credit facility hereunder is replaced with a new facility from SVB or any Affiliate of SVB. 

2.9    Section 13 (Definitions). The following new defined terms are hereby inserted alphabetically
in Section 13.1: 
 “First Amendment Effective Date” is December 28, 2018. 

“Liquidity Ratio” is, as of any date of measurement, the result of: (i) the sum of (a) Borrower’s unencumbered
and unrestricted cash and Cash Equivalents of Borrower maintained with SVB and SVB’s Affiliates (for purposes of clarity, the parties acknowledge that Borrower’s cash or Cash Equivalents shall not be considered to be restricted by reason
of the fact that they are subject to a Lien in 

  
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favor of the Agent or any Lender); plus (b) Eligible Accounts; plus (c) the lesser of (I) Eligible Foreign Accounts and (II) Four Million Six Hundred Sixty Seven Thousand
Dollars ($4,667,000.00); divided by (ii) all outstanding Obligations (including, for the avoidance of doubt, the full amount of the drawn portion of the Revolving Line plus the aggregate Dollar Equivalent of the face amount of
outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)) of Borrower owed to Agent and the Lenders. 

“Liquidity Threshold”, is, for any day in any Testing Month in which Borrower’s unencumbered and unrestricted cash and
Cash Equivalents maintained with SVB and SVB’s Affiliates (for purposes of clarity, the parties acknowledge that Borrower’s cash or Cash Equivalents shall not be considered to be restricted by reason of the fact that they are subject to a
Lien in favor of the Agent or any Lender), is greater than one hundred fifty percent (150%) of all outstanding Obligations (including, for the avoidance of doubt, the full amount of the drawn portion of the Revolving Line plus the aggregate Dollar
Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)) of Borrower owed to Agent and the Lenders. 

“Testing Month” is with respect to the Liquidity Threshold, each calendar month. 

2.10    Section 13 (Definitions). The following defined terms in Section 13.1 are hereby deleted
in their entirety: 
 “Cash Management Services” is defined in Section 2.1.4. 

“FX Business Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its normal business and
(b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency. 

“FX Reduction Amount” means, with respect to a given FX Contract, the notional amount thereof multiplied by the currency
exchange risk factor for the currencies involved in the FX Contract, multiplied by the current foreign exchange spot rates, in each instance as determined and calculated by Bank in its sole discretion. 

2.11    Exhibit B (Compliance Certificate). The Compliance Certificate appearing as Exhibit B
to the Loan Agreement is deleted in its entirety and replaced with the Compliance Certificate attached as Schedule 1 attached hereto. 

3.    Limitation of Amendments. 

3.1    The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall
be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now
have or may have in the future under or in connection with any Loan Document. 

  
 6 

 3.2    This Amendment shall be construed in connection with and
as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.

 4.    Representations and Warranties. To induce Agent and each Lender to enter into this Amendment,
Borrower hereby represents and warrants to Agent and each Lender as follows: 
 4.1    Immediately after giving
effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to
an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 

4.2    Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations
under the Loan Agreement, as amended by this Amendment; 
 4.3    The organizational documents of Borrower
previously delivered to Agent either (i) remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; or (ii) have been amended and have been delivered to Agent
in connection with this Amendment; 
 4.4    The execution and delivery by Borrower of this Amendment and the
performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 

4.5    The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations
under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order,
judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6    The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations
under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or
subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7    This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5.    Fees. In connection with this Amendment and in consideration for reducing the

  
 7 

 
Term Loan Final Payment to zero dollars ($0.00), in addition to all other fees and expenses described in the Loan Agreement, as amended by this Amendment, Borrower shall pay to Bank a fully
earned, non-refundable amendment fee of $283,386.46, payable on or before the First Amendment Effective Date. Borrower shall also reimburse Bank for all legal fees and expenses incurred in connection with the
existing Loan Documents and this Amendment. 
 6.    Ratification of Intellectual Property Security
Agreement. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Intellectual Property Security Agreement dated as of February 23, 2018, between Borrower and Agent, and acknowledges,
confirms and agrees that said Intellectual Property Security Agreement (a) contains an accurate and complete listing of all Intellectual Property Collateral (as defined therein) and (b) shall remain in full force and effect. 

7.    Perfection Certificate. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms
and disclosures contained in a certain Perfection Certificate dated on February 23, 2018, as amended as set forth on Schedule 2 attached hereto (the “Perfection Certificate”) and acknowledges, confirms and agrees the
disclosures and information Borrower provided to Agent in the Perfection Certificate, as amended as set forth in Schedule 2 attached hereto, have not changed, and remain true, complete and correct as of the date hereof. Borrower hereby agrees that
all references to the “Perfection Certificate” in any Loan Document shall be deemed to be a reference to the Perfection Certificate as defined herein. 

8.    Integration. This Amendment and the Loan Documents represent the entire agreement about this subject
matter and supersede prior negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this
Amendment and the Loan Documents. 
 9.    Counterparts. This Amendment may be executed in any number of
counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

10.    Conditions to Effectiveness. Borrower hereby agrees that the following documents shall be delivered
to the Agent prior to or concurrently with the execution of this Amendment, each in form and substance reasonably satisfactory to the Agent (collectively, the “Conditions Precedent”): 

10.1    copies, certified by a duly authorized officer of Borrower, to be true and complete as of the date hereof,
of each of (i) the governing documents of Borrower as in effect on the date hereof (but only to the extent modified since last delivered to the Bank), (ii) the resolutions of Borrower authorizing the execution and delivery of this Amendment,
the other documents executed in connection herewith and Borrower’s performance of all of the transactions contemplated hereby (but only to the extent required since last delivered to Bank), and (iii) an incumbency certificate giving the
name and bearing a specimen signature of each individual who shall be so authorized on behalf of Borrower (but only to the extent any signatories have changed since such incumbency certificate was last delivered to Bank); 

  
 8 

 10.2    updates to the Perfection Certificate of Borrower,
attached as Schedule 2 hereto; 
 10.3    the good standing certificates of Borrower certified by the Secretary
of State (or equivalent agency) of Borrower’s jurisdiction of organization or formation and each jurisdiction in which Borrower is qualified to conduct business, each as of a date no earlier than thirty (30) days prior to the First
Amendment Effective Date; 
 10.4    certified copies, dated as of a recent date, of financing statement
searches, as Bank may request, accompanied by written evidence (including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the First
Amendment Effective Date, will be terminated or released; 
 10.5    evidence satisfactory to Agent that the
insurance policies and endorsements required by Section 6.7 of the Loan Agreement are in full force and effect, together with appropriate evidence showing lender loss payable and/or additional insured clauses or endorsements in favor of Agent;

 10.6    payment of the fees and Lender Expenses then due as specified in Section 5 hereof; and 

10.7    such other documents as Agent may reasonably request. 

[Signature page follows.] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed and delivered as of the date first written above. 
 The undersigned hereby certifies,
to the best of his or her knowledge, that the information set out in the Perfection Certificate is true, complete and correct. 
 BORROWER:

  

									
	ATRICURE, INC.	 	                    	 	ATRICURE, LLC

									
					
	By:	 	 /s/ M. Andrew Wade
	 	                    	 	By:	 	 /s/ M. Andrew Wade

									
	Name:	 	M. Andrew Wade	 	                    	 	Name:	 	M. Andrew Wade

									
	Title:	 	CFO	 	                    	 	Title:	 	CFO

									
			
	ENDOSCOPIC TECHNOLOGIES, LLC	 	         	 	nCONTACT SURGICAL, LLC

									
					
	By:	 	 /s/ M. Andrew Wade
	 	                     	 	By:	 	 /s/ M. Andrew Wade

									
	Name:	 	M. Andrew Wade	 	                    	 	Name:	 	M. Andrew Wade

									
	Title:	 	CFO	 	                    	 	Title:	 	CFO

									
			
	AGENT:	 	                         	 	LENDER:

									
			
	SILICON VALLEY BANK	 	                        	 	SILICON VALLEY BANK

									
					
	By	 	 /s/ Tom Hertzberg
	 	          	 	By	 	 /s/ Tom Hertzberg

									
	Name:	 	Tom Hertzberg	 	          	 	Name:	 	Tom Hertzberg

									
	Title:	 	Managing Director	 	          	 	Title:	 	Managing Director

  
 10

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