Document:

Manufacturing and Purchase Agreement, dated August 19, 2005

 Exhibit 10.10 
 MANUFACTURING AND PURCHASE AGREEMENT 
 This manufacturing and purchase agreement
(“Agreement”), dated for identification purposes August 19, 2005, is by and among Masimo Corporation (“Masimo”), and Dowa Mining Co., Ltd. (“Dowa”). 
 WHEREAS, “Product(s)” is defined as Red LED die (Masimo part number 10158) and IR LED die (Masimo part number 10159); and 
 WHEREAS, Dowa Mining Co., Ltd. is willing to supply MASIMO’s Product; and 
 WHEREAS, Masimo is willing to purchase from Dowa Mining Co., Ltd. manufactured and tested Product; 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto agree as follows: 
  

	1.	Agreement Terms: This Agreement shall become effective on the date first set forth above and shall remain in effect until December 31, 2006, unless terminated
earlier for cause. MASIMO may extend the term of the contract under mutual agreement. 

  

	2.	Pricing: Dowa agrees to sell to Masimo Products at the price specified in the subsequent Attachment #1. 

  

	3.	Purchase Order: The purchase and sale of Products between the Parties shall be made by means of Purchase orders placed by MASIMO to Dowa (“PO”) during the
term of this Agreement in accordance with the provisions hereof. PO’s and change orders may be placed by facsimile or email. Dowa will confirm PO deliveries to MASIMO within five (5) working days after receipt. Confirmation of deliveries
and acceptance may be by facsimile or email. All PO’s for products submitted by MASIMO shall state the following: (I) price in U.S. dollars, (II) quantities ordered, (III) the delivery dates, (IV) destination, and (V) requested method
of shipment, in accordance with the terms and conditions hereof. Purchase Order No. 517911 and 520587 referencing this Agreement shall be deemed submitted to Dowa upon full execution of this Agreement for the first year (2004). The quantities
and dates stated on the PO are based upon expected volumes through December 31, 2004, and are for planning purposes only. Quantities and delivery dates of Product will be determined via rolling demand forecasts as specified in Section 4
below. 

  

	4.	 Delivery: Masimo will provide a minimum six-month rolling demand forecast upon execution of this Agreement. Masimo will update this rolling demand
forecast on a monthly basis, each time for a minimum six-month period. Dowa agrees to produce and deliver and Masimo agrees to purchase Product on the date and in the quantities specified in these forecasts subject to the following quantity
variations: 0% within 60 days of the forecasted delivery date; up to +20%, no reduction in quantity allowed, within 90 days of the forecasted delivery date; +/-30% within 120 days of the forecasted delivery date. Forecasts for greater 

  

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than 120 days are for planning purposes only and may vary by amount. Masimo is not liable for raw materials or components purchased outside the 120 day
window. Dowa to invoice Masimo for Product upon shipment. Invoice terms will be net 45 days, FOB origin. 

  

	5.	Safety Stock: Dowa agrees to hold available for Sale one (1) month of Product requirements in Dowa in Japan. This Product will be sold to MASIMO; rotated monthly
and shall be of a lot code no older than 120 days. 

  

	6.	Transportation: The method of transportation and carrier selected shall be as specified by MASIMO in its PO. Unless otherwise agreed, after shipping of the products
from Dowa, title and risk of loss shall pass to MASIMO and all transportation charges, including insurance, shall be paid by MASIMO. 

  

	7.	Packaging: The method of packaging shall be specified by MASIMO in the Purchase Specification or PO. The cost of packaging is included in the price specified in PO.
Each shipment shall include a packing list containing: (I) PO number, (II) model/part number of the product, (III) quantity, (IV) serial number or date, lot code of shipped products, and (V) as well as the results of applicable quality
assurance, certificate of conformance and other tests performed with respect to the Products being shipped. 

  

	8.	Force Majeure: Should delivery of the Product or any obligations of either party (except for timely payment) be delayed by events beyond the affected party’s
control, including, but not limited to strikes, natural disasters, government actions, time for performance shall be extended by the period of the delay. 

  

	9.	Change Orders: Masimo will issue written Document Release Orders (DRO) in a timely manner. Dowa will use its best effort to review and implement all DROs on the date
requested. Masimo will accept charges for any rework for products in work in process or manufactured within 120 days of the rolling forecast and assume the responsibility for any materials or product currently in process if required by a DRO. Masimo
further assumes responsibility for raw materials obsolete by a DRO within the 120 days of the forecast, provided Dowa has made a best effort to reuse materials. 

  

	10.	Termination: Masimo has the unconditional right to terminate this purchase agreement upon 120 days written notice to Dowa. This Agreement also may be terminated for
cause by either party in the event the other party: (i) ceases to function, or (ii) fails to perform any of its obligations hereunder and fails to cure such failure within thirty (30) days written notice to the other party.

  

	11.	 Inspection: Dowa agrees to supply Masimo with the results of any final inspections and/or summary test data performed by Dowa with each shipment of
product along with a Certificate of Conformance. Masimo reserves the right to conduct an inspection of Dowa’s facility within fourteen (14) working days notice at a mutually agreed upon time during normal business hours to inspect and
review the work including any product in process, raw material management, adherence to quality control procedures and good manufacturing practices. Masimo reserves the right to conduct source inspection of any lot of product as well as conduct
first article inspection of initial production. Masimo will inspect and disposition product within thirty (30) working days after receipt. Dowa agrees to promptly issue a Return Goods Authorization and has the right to conduct its own review of
the return product. 

  

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All disputes will be resolved prior to further production. Masimo may reject an entire lot for failure if based upon statistical sampling plan.

  

	12.	Current FDA Requirements: Dowa agrees to maintain key component traceability and document its manufacturing records on all production lots for Masimo in accordance
with Good Manufacturing Practices as established by the Food & Drug Administration. 

  

	13.	Confidentiality: Covered by signed Non Disclosure Agreement dated November 12, 1999. 

  

	14.	Assignment: Neither party shall assign this Agreement and the NDA signed by Gary Waite, VP Manufacturing and Yasuo Suzuki, General Manager , or any rights or
obligations hereunder, except in conjunction with the transfer of substantially all of a party’s assets to which this agreement relates, without the prior written consent of the other. Subject to the foregoing, this Agreement shall bind and
inure to the benefit of the respective parties hereto and their personal representatives, successors and assigns. 

  

	15.	Governing Law: This Agreement shall be governed and construed in accordance with the laws of the State of California. Each party agrees to perform its obligations
hereunder in accordance with all applicable laws and rules and regulations now or hereafter in effect. 

  

	16.	Venue: If any dispute or differences shall arise between the parties concerning the construction of this Agreement or the rights or obligations of either Party, the
Parties shall strive to settle the same amicably, but if they are unable to do so within ninety (90) days after such dispute or difference has arisen, then any suit filed by either Party shall be filed in Orange County, California.

  

	17.	Entire Agreement: This Agreement and signed NDA constitute the entire agreement between Masimo, and Dowa for the manufacture and purchase of Products. There are no
other understandings, agreements, representations, express or implied, written or oral, not specified herein. This Agreement may only be amended in writing signed by authorized representatives of Masimo and Dowa. 

  

	18.	Authority: Each party represents that it has full power and authority to enter into and perform this Agreement, and the person signing this Agreement on behalf of it
has been properly authorized and empowered to enter into this Agreement 

  

	19.	Ownership: MASIMO shall own all MASIMO Specification sheets associated with the manufacturing and development of the Product. MASIMO will issue asset tags for all
MASIMO owned equipment and tooling to be held at Dowa. At any time that MASIMO requests MASIMO owned equipment, Dowa shall deliver to MASIMO any and all equipment, F.O.B. destination. 

  

	 	19.1	Tooling Use: Dowa agrees that it will not use any of the tooling specifically developed for MASIMO to manufacture any components or products for any other pulse
oximetery application for anyone other than MASIMO. 

  

	20.	 Patent and Copyright License: On the delivery of the prototypes or production units, if Dowa owns any technology relating to any patented
inventions or copyrights to be used in the Products or any Improvement in the Products, it shall grant to MASIMO a nontransferable, non-exclusive and royalty-free license to use such technology to manufacture, have 

  

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manufactured, use and sell the Products in any country of the world, subject to restrictions and limitations set forth herein under any patents (including
models and design patents) and copyrights, and protection of other intellectual property rights and their applications owned by Dowa as of the effective date of this agreement, for the lives of such patents and copyrights.

  

	21.	Insurance: At all times during the term of this Agreement each Party shall carry and maintain such insurance against risks from actions contemplated under this
Agreement as it reasonably believes to be necessary and economical. Such insurance shall be with issuers of recognized responsibility and may be carried under blanket policies maintained by such party. Each Party shall, to the extent reasonably
possible, include the other Party as an additional named insured on such insurance policies. 

  

	22.	Miscellaneous: 

  

	 	22.1	Failure to Enforce. The failure of either Party to enforce at any time over any period of time the provisions of this Agreement shall not be construed to be a
waiver of such provisions or of the right of such Party to enforce each and every such provision. 

  

	 	22.2	Severability. In the event that any of the provision of this Agreement shall be held to be unenforceable, the remaining portions of this Agreement shall remain in full
force and effect. 

  

	 	22.3	Notices. All notices required or permitted under this Agreement will be in writing and will be deemed received (i) when delivered personally; (ii) when sent
by confirmed facsimile; (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one (1) day after deposit with a commercial overnight carrier. All
communications will be sent to the addresses set forth below or to such other address as may be designated by a party by giving written notice to the other party pursuant to his section: 

  

			
	 MASIMO:
	  	Masimo Corporation,
	 Attention:
	  	 Chris Kilpatrick
 40 Parker
 Irvine, CA 92618
 Phone: 949-297-7000
 Fax: 949-297-7299

		
	 Dowa:
	  	 Dowa Mining Co., Ltd.
 14-1, Sotokanda
4-Chome
 Chiyoda-ku, Tokyo 101-8617, Japan
 Tokyo,
Japan
 Phone: 81-3-6847-1253
 Fax:
81-3-6847-1260

  

	 	22.4	 Attorneys’ Fees. If either Party to this Agreement shall bring any action for any relief against the other, declaratory or otherwise, arising out
of this Agreement, the losing Party shall pay to the prevailing Party a reasonable sum for attorney fees incurred in bringing such suit and/or enforcing any judgment granted therein, all of which shall be deemed to have accrued upon the commencement
of such action and shall be paid whether or not such action is prosecuted to judgment. Any judgment or 

  

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order entered in such actions shall contain a specified provision providing for the recovery of attorney fees and costs incurred in enforcing such judgment.
For the purpose of this section, attorney fees shall include without limitation, fees incurred in the following: (1) post-judgment motions; (2) contempt proceedings; (3) garnishment, levy and debtor and third party examinations;
(4) discovery; and (5) bankruptcy litigation. 

  

									
	Masimo Corporation	 		 	Dowa Mining Co., Ltd.
					
	By:	 	/s/ Yongsam Lee	 		 	 By:
	 	/s/ Akira Otsuka
	Name:	 	Yongsam Lee	 		 	 Name:
	 	Akira Otsuka 
	Title:	 	Exec. VP, OPs	 		 	 Title:
	 	General Manager
	Date:	 	April 4, 2006	 		 	 Date:
	 	April 6, 2006

  

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 Attachment #1 
 Pricing Agreement 
 Based on quote dated December 11, 2003 
 Attachment #1, Dated December 11, 2003 for identification purposes 
 3. 

	 	1.	Pricing: Red LED die (See current Purchase Specification 10158, Dowa part number #PR7AW6S) with a quantity commitment of 95% of purchased volume per year from 2004-2006 at a unit
price of: 

 a. 2004 = $.105 
 b. 2005 = $.0945 
 c. 2006 = $.08 
  

	 	2.	Pricing: Infrared LED die (See current Purchase Specification 10159, Dowa part number #FR4GF77) with a quantity commitment of 50% of purchased volume per year from 2004-2006 at a
unit price of: 

 a. 2004 = $.051 through August; $.0485 August through December 
 b. 2005 = $.0485 
 c. 2006 = $.046 
  

									
	Masimo Corporation	 		 	Dowa Mining Co., Ltd.
					
	By:	 	/s/ Yongsam Lee	 		 	 By:
	 	/s/ Akira Otsuka
	Name:	 	Yongsam Lee	 		 	 Name:
	 	Akira Otsuka
	Title:	 	Exec. VP, OPs	 		 	 Title:
	 	General Manager
	Date:	 	April 4, 2006	 		 	 Date:
	 	April 6, 2006

  

 A-1Letter of Intent between U.S. Energy Systems, Inc. and Silver Point Finance

 Exhibit 10.1 
 August 3, 2007 
 US Energy Systems, Inc. 
 750 Lexington Avenue (15th Floor) 
 New York, NY 10022 
 Attention:
Mr. Richard Nevins, Interim Chief Executive Officer 
 Dear Mr. Nevins: 
 On behalf of Silver Point Finance, LLC (“SPF”), we are pleased to submit this Letter of Intent (“LOI”) to acquire, in an all-cash acquisition (the “Equity Acquisition”), 100% of the
common stock of U.S. Energy Biogas Corp. (“USEB”) for a purchase price payable to U.S. Energy Systems, Inc. (“USEY”), equal to $9.0 million. For avoidance of doubt, USEY shall bear the costs of its own transaction fees in
connection with the Equity Acquisition and SPF shall bear its own costs in connection with the Equity Acquisition. In order to move as expeditiously as possible, we are willing to consider other alternatives to provide USEY with funds equivalent to
the cash purchase price prior to the Equity Acquisition. We assume that the current USEB debt facility and all material contracts at USEB remain in effect and the business, operations and financial practices of USEB will otherwise be operated only
in the ordinary course until consummation of the Equity Acquisition. 
 Additionally, SPF understands that U.S. Energy Overseas Investments LLC
(“USEO”) would like to increase availability under its Credit and Guaranty Agreement dated August 7, 2006 (the “USEO Credit and Guaranty Agreement”). We are amenable to this and in that regard would be willing to consider an
increase to this facility of $8.0 million (the “Debt Financing” and together with the Equity Acquisition, the “Transaction”), of which $2.0 million will be funded on the effective date of the Debt Financing and $6.0 million will
be available subject to the approval of SPF. Each funding of this additional availability will be net of a fee equal to 3% of the amount so funded. Finally, in connection with the Transaction, SPF would be willing to waive (i) the required
prepayment provisions under the current debt facility at USEO and (ii) its put option under Section 5.2 of the Conveyance of Net Profits Interests dated May 31, 2007. In light of the current financial and liquidity position of USEY
and its subsidiaries, each of the Debt Financing and the Equity Acquisition is conditioned on the completion of the other due to SPF’s view that only a comprehensive solution is appropriate at this time. 
 The use of proceeds from the Transaction will be used in the following manner: (i) proceeds from the Equity Acquisition ($9.0 million) will used by USEY to
(a) satisfy USEY’s obligations pursuant to Section 2.1.2 of the Equity Support Agreement and (b) satisfy USEY’s obligation pursuant to Section 3 of the Amendment No. 1 and Waiver to the First Lien Credit Agreement,
with the remainder of such proceeds (after satisfying (a) and (b) above) being retained by USEY for working capital needs, including the payment of amounts (whether by capital contribution or otherwise) sufficient to permit the posting of
additional collateral required, as of the date hereof, by RGS Energy Limited under the Carbon Hedge with Credit Suisse Energy; (ii) the $2.0 million of proceeds funded upon the effective date of the Debt Financing shall be available for use at
USEO’s discretion including, without limitation, to (A) pay dividends to USEY under the condition that UK Energy Systems Ltd. (“UKES”) is current with respect to all operating costs or (B) make contributions to UKES or GBGH
or its subsidiaries; and (iii) the remainder of Debt Financing (i.e. $6 million) can be drawn with the approval of SPF to fund seismic, capital expenditure and/or working capital needs at UKES or its subsidiaries. 
 Upon the effective date of the Transaction, the USEO Credit and Guaranty Agreement would be amended to provide that the Applicable Margin (as defined therein) with
respect to LIBOR rate loans would increase to 9.50%. 
 We have conducted extensive business due diligence to date and are prepared to move expeditiously
with our further discussions and any remaining diligence. Prior to entering into any definitive and binding 

 
documentation with respect to the Transaction, SPF will need to conduct limited confirmatory business diligence. Additionally, SPF will need to conduct
standard legal, regulatory, accounting, and tax due diligence, this diligence will be confirmatory with respect to areas covered in SPF’s diligence process for the $80.0 million financing, funded on May 31, 2007 (the “USEB
Facility”) in conjunction with USEB’s exit from bankruptcy. Areas of legal, regulatory, accounting and tax diligence due diligence that were not covered during the exit financing diligence process will require satisfactory completion.

 In the event that at any time prior to October 31, 2007 (the “Applicable Period”), USEY or USEB, or USEO or any of their respective
affiliates directly or indirectly shall have entered into any agreement or arrangement, or shall have accepted any proposal or indication of interest from a third party, in each case relating to (i) any direct or indirect acquisition or
purchase (including any single or multiple-step transaction) of any of the assets or capital stock of USEB or any of USEB’s subsidiaries, or any merger, consolidation, plan of arrangement, amalgamation, business combination, recapitalization,
reorganization, dissolution or similar transaction involving USEB or any of USEB’s subsidiaries or (ii) an alternative financing (debt or equity, other than a debt or equity offering by USEY or by USEY’s subsidiaries solely with
respect to USEY’s UK assets) to the Debt Financing (any of the events in clause (i) or (ii), an “Alternative Transaction”), USEY shall (A) promptly reimburse SPF for all of its out-of-pocket expenses (including, without
limitation, the reasonable fees, charges, disbursements and expenses of financial advisors, accountants, consultants, experts, financing sources, attorneys and other advisors to SPF and its affiliates) incurred by SPF and its affiliates in
connection with the proposed Transaction including reasonable fees and expenses incurred in connection with the potential financing thereof (the “Transaction Expenses”) and (B) pay to SPF upon consummation of an Alternative
Transaction a fee equal to $3.5 million (which amount is in addition to any other amount paid or payable hereunder or otherwise) (the “Transaction Fee”). Without duplication of the foregoing, in the event that during the Applicable Period
USEY or USEO or any of their respective affiliates directly or indirectly shall have entered into any agreement or arrangement, or shall have accepted any proposal or indication of interest from a third party, in each case relating to an alternative
financing (debt or equity) to the Debt Financing, USEY shall promptly reimburse SPF for all of its out-of-pocket expenses (including, without limitation, the reasonable fees, charges, disbursements and expenses of financial advisors, accountants,
consultants, experts, financing sources, attorneys and other advisors to SPF and its affiliates) incurred by SPF and its affiliates in connection with the proposed Transaction including reasonable fees and expenses incurred in connection with the
potential financing thereof. If, at any time during the Applicable Period, SPF has notified USEY in writing that it is no longer interested in pursuing the Equity Acquisition, then no payment of a Transaction Fee or Transaction Expenses shall be
payable to SPF under this LOI. 
 USEY will promptly notify SPF of the taking of any action or the occurrence of any event which could give rise under this
LOI to the payment to SPF of Transaction Expenses or a Transaction Fee. Reimbursement of Transaction Expenses shall be paid promptly upon the submission by SPF to USEY of an invoice for such Transaction Expenses. Payment of any Transaction Fee shall
be paid concurrently with the consummation of any Alternative Transaction and USEY agrees not to, and to cause it affiliates not to, consummate an Alternative Transaction unless such Transaction Fee is paid prior to or concurrently with the
consummation of such Alternative Transaction. USEY acknowledges that the agreements with respect to the payment of Transaction Expenses and a Transaction Fee are an integral part of this LOI and that, without these agreements, SPF would not deliver
and enter into this LOI. Accordingly, if USEY fails to pay any amount due pursuant to these agreements and SPF makes a claim for any such payment that results in a final judgment, then USEY shall also pay to SPF its out-of-pocket expenses incurred
in connection with making such claim. 
 In addition, during the Applicable Period, (x) USEY shall promptly advise SPF if a proposal, offer or
indication of interest with respect to an Alternative Transaction is made, shall promptly inform SPF of all the terms and conditions thereof, and shall furnish to SPF copies of any such written proposal, offer or indication of interest and copies of
all written correspondence or written materials related thereto (it being understood that USEY shall not be required to take any action pursuant to this provision that would violate any pre-existing confidentiality obligation enforceable against
USEY) and (y) USEY shall not, and shall cause USEB not to, waive any provisions of any “standstill” or similar agreements between USEY or USEB and any party. 

 No party shall be bound in any way in connection with the transactions contemplated hereby (other than the provisions
regarding the payment of Transaction Expenses or a Transaction Fee, the provisions of the immediately preceding paragraph and the indemnification provisions provided below) until the parties execute definitive agreements and then shall be bound only
in accordance with the terms of such definitive agreements. Our interest is conditioned upon satisfactory completion of diligence and receipt of internal approvals. We look forward to speaking with you further about our interest. 
 USEY agrees to indemnify and hold harmless SPF, and each of its affiliates and each of its respective officers, directors, employees, agents, advisors, attorneys and
representatives (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and disbursements of counsel), that may be incurred by or
asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or relating to this LOI or the transactions contemplated hereby, irrespective of whether the transactions contemplated hereby are consummated,
except to the extent such claim, damage, loss, liability, or expense is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. USEY
further agrees that no Indemnified Party shall have any liability (whether direct or indirect, in contract, tort or otherwise) to USEY (or any party claiming any right through or on behalf of USEY) for or in connection with the transactions
contemplated hereby, except to the extent such liability is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. In no event,
however, shall any Indemnified Party be liable on any theory of liability for any special, indirect, consequential or punitive damages. 
 Each of the
parties hereto hereby agrees that irreparable damage would occur in the event that any of the provisions of this LOI were not to be performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the
terms hereof in addition to any other remedies at law or in equity. 
 No modification of this LOI or waiver of the terms and conditions hereof shall be
binding upon either party hereto, unless approved in writing by each such party. 
 This LOI shall be governed by and construed in accordance with the laws
of the State of New York. 
 EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO
THIS LOI. 

 Please indicate your acceptance of the provisions hereof by signing the enclosed copy of this letter and returning it to
us at or before 5:00 p.m. (Eastern Time) on August 3, 2007. If you elect to deliver this letter by fax, please contact us for a fax number and arrange for the executed original to follow by next-day courier. 
  

			
	Very truly yours,
	
	SILVER POINT FINANCE, LLC
		
	By:	 	 /s/ Frederick H. Fogel

	Title:	 	Authorized Signatory

  

			
	 ACCEPTED AND AGREED TO
 this 3rd day
of August, 2007

	
	U.S. ENERGY SYSTEMS, INC.
		
	By:	 	 /s/ Richard Nevins

	Title:	 	Interim Chief Executive Officer

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