Document:

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                                                                 EXHIBIT 10.3(c)

                            NINETH AMENDMENT TO LEASE

         This Ninth Amendment to Lease ("Ninth Amendment") is made this 3rd day
of June, 2002 by and between Full Circle Partnership III ("Landlord") and
Spectranetics Corporation.("Tenant").

                                   WITNESSETH:

         WHEREAS, Landlord as successors to Talamine Properties LTD and Tenant
have heretofore entered into that certain Lease Agreement dated as of September
11, 1985 and subsequent eight amendments (the "lease") for approximately 22,000
rentable square feet of space at 96 Talamine Court, Colorado Springs, Colorado
(the "Premises"); and

         WHEREAS, said Lease expires on December 31, 2002 (the "Expiration
Date"); and

         WHEREAS, Landlord and Tenant desire to amend the Lease, all as
hereinafter set forth.

         NOW, THEREFORE, in consideration of Ten Dollars ($10.00) and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant do hereby amend the Lease, effective as of the
date hereof, as follows;

         1.       Lease Extension. The term for the Premises shall be extended
                  and expire on December 31, 2005 (the "Extension Period").

         2.       Rent. The Base Rent payable by Tenant to Landlord during the
                  Extension Period (payable in advance, upon the first day of
                  each month) shall be according to the following schedule.

                  January 1, 2003 to December 31, 2003 base monthly rent will be
                  $15,557,00.
                  January 1, 2004 to December 31.2004 base monthly rent will
                  be $16,335,00.
                  January 1, 2005 to December 31, 2005 base monthly rent will be
                  $17,151,00.

         3.       NNN Expenses. In addition to base rent Tenant shall pay to
                  Landlord It's prorata share of all building expenses, to
                  include taxes, insurance, common area maintenance. The current
                  estimated cost of the additional charges is $1.58 per
                  rentable square foot per year. The Tenant shall pay the
                  estimated amount monthly ($2,900.00) due and payable with the
                  base rent. Landlord will reconcile all expenses to the year's
                  collections at the end of each year of tenancy. If there is a
                  credit due to Tenant, the amount will be credited to the next
                  month's base rent. If there is a deficiency the Tenant will
                  pay that amount within 15 days of written notification from
                  Landlord.

         4.       HVAC. Landlord agrees that Tenant will not be responsible for
                  the cost of replacement of HVAC units. Repair and maintenance
                  shall be included in NNN charges.

         5.       Right of First Refusal. During the term of this amendment,
                  Landlord shall grant to Tenant the first right of refusal for
                  purchase for the building located at 96 Talamine Court,
                  Colorado Springs, CO.

         6.       Unmodified Provisions/Ratification. Except as otherwise
                  specifically set forth herein, each and every term, condition
                  and covenant set forth in the Lease Agreement shall remain in
                  full force and effect during the Extension Period and Tenant
                  hereby ratifies and confirms the Lease Agreement, as modified
                  hereby, and each and every term, provision and conditions set
                  forth therein.

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

TENANT:                                 LANDLORD:

Spectranetics Corporation        Full Circle Partnership III

By: /s/ Lawrence Martel          By: /s/ J.B. Carter
    -------------------              ---------------------------------
Title: V.P. Operations           Title: Mgr of Full circle Partnership<PAGE>

                                                                   EXHIBIT 10.33

                            ASSET PURCHASE AGREEMENT

         This Asset Purchase Agreement is made on April 15, 2003, by and
between THE SPECTRANETICS CORPORATION, a Delaware corporation having its
principal place of business at 96 Talamine Court, Colorado Springs, CO 80907
("Spectranetics"), and LaTIS, INC., a Delaware corporation having its principal
place of business at 100 Front Street, Suite 1350, West Conshohocken, PA
19428.("LaTIS").

         All capitalized terms used in this Agreement are either defined or
referenced in Section 1 below.

                                    RECITALS

A.       LaTIS is engaged, inter alia, in the development and commercialization
         of a laser Thrombolysis system for the treatment of acute ischemic
         stroke (the "Business").

B.       Spectranetics desires to purchase, and LaTIS desires to sell, the
         Purchased Assets, upon the terms of this Agreement.

C.       In connection with Spectranetics's purchase of the Purchased Assets,
         the parties have agreed to take various other actions, as described in
         this Agreement.

         Therefore, the parties intending to be legally bound agree as follows:

         1. DEFINITIONS. As used in this Agreement:

            "Accounts Receivable" is defined in Section 2.2 of this Agreement.

            "Agreement" is this Asset Purchase Agreement.

            "Approvals" means all permits, licenses, approvals and other
            authorizations from any governmental administrative or regulatory
            body necessary or associated with the Business including, without
            limitation, FDA IDE #G 980249.

            "Assigned Agreements" is defined in Section 2.1(d) of this
            Agreement.

            "Assumed Liabilities" is defined in Section 2.3 of this Agreement.

            "Business" is described in Recital A of this Agreement.

            "Claimant" is defined in Section 12.3 (a) of this Agreement.

            "Closing" is defined in Section 4.1 of this Agreement.

            "Closing Balance Sheet" is the balance sheet of LaTIS which is
            included in the Closing Financial Statements.

            "Closing Date" is the date on which the Closing takes place.

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            "Closing Financial Statements" is defined in Section 5.9 of this
            Agreement.

            "Excluded Assets" is defined in Section 2.2 of this Agreement.

            "Fees and Costs" means reasonable legal (including attorneys' and
            legal assistants') fees, disbursements and costs; reasonable fees,
            disbursements and costs of third party consultants and experts;
            court costs; and similar items,

            "Financial Statements" is defined in Section 5.9 of this Agreement.

            "GAAP" means generally accepted accounting principles, consistently
            applied.

            "Hazardous Materials" means asbestos-containing materials, mono- and
            polychlorinated biphenyls, urea formaldehyde products, radon,
            radioactive materials, any "hazardous substance", "hazardous waste",
            "pollutant", "Toxic Pollutant", "oil" or "contaminant" as used in,
            or defined pursuant to any Environmental Law, and any other
            substance, waste, pollutant, contaminant or material, including
            petroleum products and derivatives, the use, transport, disposal,
            storage, treatment, recycling, handling, discharge, Release,
            threatened Release, discharge or emission of which is regulated or
            governed now or in the future by any Environmental Law.

            "Indemnifying Party" is defined in Section 12.3(a) of this
            Agreement.

            "Inventory" is defined in Section 2.1(b) of this Agreement.

            "Intellectual Property" means: (a) all inventions (whether
            patentable or unpatentable and whether or not reduced to practice),
            all improvements thereto, and all patents, patent applications, and
            patent disclosures, together with all reissuances, continuations,
            continuations-in-part, revisions, extensions, and reexaminations
            thereof; (b) all trademarks, service marks, trade dress, logos,
            trade names, and corporate names, together with all translations,
            adaptations, derivations, and combinations thereof and including all
            goodwill associated therewith, and all applications, registrations,
            and renewals in connection therewith; (c) all copyrightable works,
            all copyrights, and all applications, registrations, and renewals in
            connection therewith; (d) all mask works and all applications,
            registrations, and renewals in connection therewith; (e) all trade
            secrets and confidential business information (including ideas,
            research and development, know-how, formulas, compositions,
            manufacturing and production processes and techniques, technical
            data, designs, drawings, specifications, mailing lists, customer and
            supplier lists, pricing and cost information, and business and
            marketing plans and proposals); (f) all computer software (including
            data and related documentation); (g) and rights to or proprietary
            interest in any domain name associated with the Business (h) any
            other proprietary rights; and (i) all copies and tangible
            embodiments thereof (in whatever form or medium).

            "LaTIS" is defined in the introductory paragraph of this Agreement.

            "LaTIS Intellectual Property" is defined in Section 5.6(b) of this
            Agreement.

            "LaTIS License Granted" is defined in Section 5.6(b) of this
            Agreement.

                                       2

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            "Laws" means all applicable federal, state or local laws, zoning and
            other ordinances, rules, regulations, building and other codes,
            court or administrative orders, judgments or decrees and common law
            and equitable doctrines.

            "Net Selling Price" means Spectranetics' invoice price to customers
            for sales of Stroke Disposables, less deductions from such invoice
            price for: (i)refunds actually allowed or taken for rejected or
            returned Stroke Disposables; (ii) excise, use, value added and sales
            taxes, to the extent included in the amounts invoiced; (iii)
            customs, duties and other imports, to the extent included in the
            amounts invoiced; (iv) quantity discounts, actually allowed or
            taken; (v) off-invoice allowance, actually allowed or taken; (vi)
            credits on account or retroactive price reductions, actually allowed
            or taken; (vii) cost of insurance, billed to and paid by the
            customer; (viii) cost of shipping and transportation, billed to and
            paid by the customer; (ix) rebates required by government rule,
            regulation, program, or fiat, to the extent that any such rebates
            may be paid or allowed by Spectranetics; and (x) associated or
            related services such as repair and maintenance, physician and
            medical personnel training, and other clinical training.

            "Other Documents" is defined in Section 5.18 of this Agreement.

            "Purchased Assets" is defined in Section 2.1 of this Agreement.

            "Purchase Price" is defined in Section 3.1 of this Agreement.

            "Release" means spilling, leaking, pumping, pouring, emitting,
            emptying, discharging, injecting, escaping, leaching, dumping,
            disposal, depositing and placing, including the abandonment or
            discarding of barrels, containers, and other closed receptacles
            containing any Hazardous Material.

            "Spectranetics" is defined in the introductory paragraph of this
            Agreement.

            "Stroke Disposable(s)" means a single use medical device utilizing
            laser energy in the treatment of ischemic stroke in humans that has
            achieved its first regulatory approval for such use.

            "Third-Party Claim" is defined in Section 12.4 of this Agreement.

            "Unscheduled Asset" is defined in Section 2.4 of this Agreement.

         2. PURCHASE OF ASSETS; NO ASSUMPTION OF LIABILITIES

            2.1 Purchased Assets. Subject to the terms of this Agreement, at the
            Closing, LaTIS will sell to Spectranetics all of its assets, other
            than the Excluded Assets, as they exist on the Closing Date (the
            "Purchased Assets"), free and clear of all liens, claims,
            encumbrances or charges. The Purchased Assets include:

                  (a) All of LaTIS's furniture, fixtures, computer equipment,
                  furnishings, tools, vehicles, leasehold improvements and
                  equipment as well as all manufacturers' warranties associated
                  with such items, including, without limitation, those
                  specifically identified on SCHEDULE 2.1(a) to this Agreement.

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                  (b) All of LaTIS's supplies, raw materials, and other items
                  used by LaTIS in the ordinary course of its business as well
                  as all manufacturers' warranties associated with such items
                  (collectively, "Supplies"),

                  (c) All the Intellectual Properly of LaTIS, including, without
                  limitation, the Intellectual Property identified on SCHEDULE
                  2.1(c).

                  (d) All of LaTIS's rights under, and interest in, the
                  contracts, purchase orders, leases, and agreements listed on
                  SCHEDULE 2.1(d) to this Agreement (the "Assigned Agreements").

                  (e) The computer software and licensees, other licenses and
                  intellectual property relating to the Business or the
                  Purchased Assets, including those items which are listed on
                  SCHEDULE 2.1(e) to this Agreement.

                  (f) All of the Approvals.

                  (g) The operating data and records used in connection with
                  LaTIS's business, including books, records, correspondence,
                  customer lists, marketing, advertising and promotional
                  materials, studies, reports, order files and credit histories,
                  supplier information, purchasing records, technical and repair
                  data and manuals, computer files, media and invoices.

                  (h) All claims, deposits, prepayments, refunds and rebates and
                  similar items with respect to the Purchased Assets.

                  (i) Except for the Excluded Assets, all other property and
                  rights, tangible and intangible, real, personal or mixed,
                  which LaTIS owns, uses or is acquiring, wherever located and
                  regardless of whether reflected on LaTIS's books and records.

            2.2 Excluded Assets. The Purchased Assets do not include the
            following assets (the "Excluded Assets"): accounts receivable as of
            the Closing Date (the "Accounts Receivable"), cash on hand,
            marketable securities, bank deposits and checks and drafts in
            process by banks; and LaTIS's minute books and tax returns.

            2.3 No Assumption of Liabilities. Spectranetics will not assume any
            liabilities or obligations of LaTIS. As such, there are no assumed
            liabilities or obligations (i.e., "Assumed Liabilities") under this
            Agreement. LaTIS will continue to be liable for and will
            appropriately discharge all of its own past, present, and future
            liabilities and obligations.

            2.4 Unscheduled Assets. If, after the Closing, any material contract
            or material asset which was not disclosed by LaTIS in this Agreement
            or on a Schedule to this Agreement even though such disclosure is
            required by this Agreement (an "Unscheduled Asset") is discovered,
            Spectranetics will have the right, exercisable in its sole
            discretion by written notice to LaTIS within 120 days after its
            discovery of such Unscheduled Asset, to reject such Unscheduled
            Asset. Any Unscheduled Asset which is rejected by Spectranetics
            pursuant to this Section 2.4 will be an Excluded Asset and will be
            retained by LaTIS at no cost or penalty to Spectranetics.

                                       4

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         3. PURCHASE PRICE: PAYMENT ALLOCATIONS

            3.1 Purchase Price. The total consideration for the Purchased Assets
            (the "Purchase Price") will be ONE HUNDRED THOUSAND DOLLARS
            (US$100,000,00), minus (b) any deductions from the Purchase Price
            under Sections 3.4 to this Agreement.

            3.2 Payment, Spectranetics will pay the Purchase Price to LaTIS (or
            to any successor entity acquiring all of the rights and obligations
            of LaTIS under this Agreement, a "LaTIS Successor) as follows:

                  (a) $100,000.00 will be paid at the Closing in cash.

                  (b) All payments made under this Section 3.2 will be by wire
                  transfer or cashiers' or certified check, at the paying
                  parry's discretion.

            3.3 Conditional Additional Payments. If commercial approval is
            secured from the U.S. Food and Drug Administration for
            Spectranetics' use of the Stroke Disposables in connection with its
            delivery device and products that are made for use in the treatment
            of strokes, Spectranetics will pay LaTIS or a LaTIS Successor, as
            may be applicable, a FOUR HUNDRED THOUSAND DOLLAR (US$400,000.00)
            prepayment for subsequent royalties.

               (a) Following PMA approval, Spectranetics will pay LaTIS or a
            LaTIS Successor, as may be applicable, a royalty payment within
            thirty (30) days equal to TWO PERCENT (2%) of the Net Selling Price
            for Stroke Disposables sold by Spectranetics.

               (b) The royalty payment will be increased to a total of FOUR
            PERCENT (4%) in the event that Spectranetics products or methods
            would then, in the absence of this Agreement, legally infringe a
            claim of one or more active patents either acquired by Spectranetics
            or licensed through to Spectranetics in connection with this
            Agreement.

               (c) The foregoing royalties under 3.3(a) and (b) will be offset
            against amounts owed by Spectranetics to LaTIS or a LaTIS Successor,
            as may be applicable, by the amount of any payments (including third
            party royalty payments) that Spectranetics is required to make to
            any third parties pertaining to: the Stroke Disposables, the use of
            the Stroke Disposables, any of the patents or patent applications
            included as part of the Purchased Assets, or other payments
            necessary for Spectranetics to commercialize the contemplated
            products or procedures, the foregoing excluding presently existing
            obligations of Spectranetics as of the date of this Agreement (e.g.,
            any royalty obligations concerning the Fox patents). It is
            understood that the royalty offset will expressly include all
            amounts that Spectranetics reasonably incurs in connection with the
            defense or assertion of intellectual property rights associated with
            or acquired in connection with this Agreement and/or the
            commercialization of the associated products and procedures.
            Moreover, as used in this Agreement, in

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            some instances, the use of the term "royalties" to refer to some
            payments made by Spectranetics to LaTIS or a LaTIS Successor, as may
            be applicable, under Section 3.3 may be a misnomer, insofar as
            following the execution of this Agreement, certain patents and all
            title and rights therein will be the exclusive property of
            Spectranetics. Therefore, for such patent rights, the designation of
            "royalties" would essentially refer to the conditional additional
            (purchase) payments from Spectranetics to LaTIS or a LaTIS
            Successor, as may be applicable, as expressly set forth in this
            section 3.3 of the Agreement.

            3.4 Prorations and Adjustments. At the Closing, all personal
            property taxes, assessments, or maintenance fees which are past due
            or have become due upon any of the Purchased Assets on or before the
            Closing Date will be paid by LaTIS, together with any penalty or
            interest thereon, or, at LaTIS's option, credit will be given to
            Spectranetics against the Purchase Price by deducting such amount
            from the payment required under Section 3.2(a) above.

            3.5 Allocations. The Purchase Price will be allocated in accordance
            with SCHEDULE 3.5 to this Agreement, which will be updated (in a
            consistent manner) upon completion of the Closing Balance Sheet.
            This allocation will be conclusive and binding for all purposes and
            each party will file all income or other tax returns in a manner
            consistent with such allocation.

         4. CLOSING.

            4.1 Closing Date. The closing of the transactions contemplated by
            this Agreement (the "Closing") will take place at the offices of
            _______ at 10:00 a.m. on APRIL 23, 2003 or such prior business day
            as is designated by Spectranetics by five days' notice to LaTIS. If
            any of the conditions precedent to Spectranetics's obligation to
            close this transaction set forth in Sections 10.1 and 10.3 below are
            not satisfied on the scheduled Closing Date and Spectranetics does
            not wish to waive such condition, Spectranetics may, at its sole
            discretion, on 48 hours' notice to LaTIS, reschedule the Closing for
            another date (which must be a business day); Spectranetics will have
            the ability to reset the Closing Date pursuant to this sentence as
            often as it deems reasonably necessary.

            4.2 Actions to be Taken at the Closing. At the Closing, the parties
            will take the following actions and deliver the following documents
            or materials:

                  (a) LaTIS will execute and deliver to Spectranetics, in a form
                  acceptable to Spectranetics (i) a Bill of Sale for the
                  tangible Purchased Assets and (ii) such assignments and/or
                  other conveyance documents transferring all of LaTIS's right,
                  title and interest in the intangible Purchased Assets, which
                  shall include all of the Intellectual Property.

                  (b) LaTIS will deliver to Spectranetics corporate resolutions
                  of LaTIS's Board of Directors and stockholders authorizing the
                  execution, delivery and consummation of this Agreement,
                  certified by an officer of LaTIS as being valid and effective,

                  (c) An officer of LaTIS will execute and deliver a
                  certificate, dated as of

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                  the Closing Date and in form and substance reasonably
                  acceptable to Spectranetics, certifying as to LaTIS's complete
                  compliance with each of its representations, warranties and
                  covenants under this Agreement.

                  (d) LaTIS will deliver to Spectranetics all records pertaining
                  to Purchased Assets, all LaTIS's keys, plans and
                  specifications, computer passwords, blueprints, lock
                  combinations, clinical trial documents and all other
                  instruments, documents and deposits as are in LaTIS's
                  possession concerning the Business or as may be required for
                  their operation.

                  (e) LaTIS and Spectranetics will execute and deliver such
                  other documents and certificates as are required by the terms
                  of this Agreement, including all governmental and third party
                  consents required to be delivered by LaTIS and/or
                  Spectranetics, or as may be reasonably requested by the other
                  party.

                  (f) Spectranetics will receive possession and control of the
                  Purchased Assets. Spectranetics will have sixty (60) days to
                  remove Purchased Assets from LaTIS's facilities, without
                  obligation to pay any rent or storage charges during such
                  60-day period.

         5. LaTIS's REPRESENTATIONS AND Warranties. LaTIS represents and
            warrants to Spectranetics as follows, as of the date of this
            Agreement and as of the Closing Date:

            5.1 Organization; Power and Authority; Authorization; Due Execution;
            No Conflicts.

                  (a) The persons listed on Schedule 5.1(a), attached hereto and
                  incorporated herein by reference, are the sole stockholders of
                  LaTIS, which (1) is a corporation duly incorporated, validly
                  existing and in good standing under the laws of the State of
                  Delaware and (2) has the corporate power and authority to (A)
                  own, operate and lease the properties it now owns, operates
                  and leases, (B) carry on its business as it is now being
                  conducted, (C) enter into this Agreement, and (D) consummate
                  the transactions contemplated by this Agreement. LaTIS has
                  full power and authority to enter into this Agreement and
                  convey title to the conveyed properties as contemplated by
                  this Agreement.

                  (b) This Agreement has been duly authorized by all necessary
                  action on the part of LaTIS and its stockholders. Upon the
                  execution and delivery of this Agreement, this Agreement will
                  constitute the legal, valid and binding obligation of LaTIS.

                  (c) LaTIS's execution, delivery and performance of this
                  Agreement will not (1) constitute a breach or violation of (A)
                  LaTIS's Certificate of Incorporation or Bylaws, (B) any Law,
                  rule or regulation, or (C) any material agreement, indenture,
                  deed of trust, mortgage, loan agreement or other material
                  instrument to which LaTIS is a party or

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                  by which LaTIS is bound; (2) constitute a violation of any
                  order, judgment or decree to which LaTIS or any shareholder is
                  a party or by which LaTIS's or any shareholder's assets or
                  properties is bound or affected; (3) result in the
                  acceleration of any material debt owed by LaTIS or any
                  shareholder; or (4) result in the creation of any lien, charge
                  or encumbrance upon the Purchased Assets.

            5.2 Title to Purchased Assets. LaTIS has, and at the Closing,
            Spectranetics will receive good and marketable title to all of the
            Purchased Assets, free and clear of all security interests,
            mortgages, liens, pledges, charges, presently owed maintenance fees
            or encumbrances of any nature. Further, there are no special
            assessments against any of the Purchased Assets.

            5.3 Condition of Acquired Tangible Property.

                  (a) All of the Purchased Assets are in good operating
                  condition, subject only to ordinary wear and tear, and fit for
                  their intended purpose.

                  (b) All of the Purchased Assets are owned by LaTIS and, except
                  as set forth on SCHEDULE 5.3 to this Agreement, LaTIS is not
                  leasing nor holding on consignment, any Inventory, equipment,
                  furniture, fixtures or other personal property.

                  (c) All items which comprise Supplies, which include, without
                  limitation, raw materials, work-in-progress, and supplies have
                  been purchased for sale or use by LaTIS in the ordinary course
                  of business in their present "as-is" condition.

            5.4 Claims; Litigation; Compliance with Laws.

                  (a) LaTIS is unaware of any prospective claims of any nature
                  against LaTIS, including claims arising out of or in
                  connection with the operation of the Business, its current or
                  former assets or properties, or its FDA sponsored clinical
                  trial(s).

                  (b) (1) LaTIS is not: (A) a party to any litigation,
                  proceeding or administrative investigation, and none is
                  pending or, to LaTIS's best knowledge, threatened against it,
                  relating to LaTIS or the Purchased Assets or in connection
                  with the transactions contemplated by this Agreement or (B)
                  subject to any outstanding order, writ, injunction or decree
                  of any court, government or governmental authority or
                  arbitration against or affecting it relating to the Purchased
                  Assets; and (2) to LaTIS's best knowledge, there is not any
                  basis for any litigation, proceeding or investigation of the
                  nature described in clause (1)(A) above.

                  (c) LaTIS is not in violation of, and LaTIS's actions in the
                  consummation of the transactions contemplated by this
                  Agreement do not violate or infringe, any Law presently in
                  effect, or that, to LaTIS's best knowledge, is proposed to be
                  adopted, including any Law relating to employment or
                  employment practices or

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                  environmental or occupational safety or health, or any right
                  or concession, copyright, trademark, trade name, patent,
                  know-how or other proprietary right of others. The foregoing
                  excludes violations that would not have a material adverse
                  effect on the Business, as presently conducted, or the
                  Purchased Assets.

                  (d) With respect to all Approvals, LaTIS has maintained all
                  licenses and permits and has filed all registrations, reports
                  and other documents required by local, state and federal
                  authorities and regulating bodies in connection with the
                  Business, except to the extent that failure to do so would not
                  have a material adverse effect on the Business as presently
                  conducted. To the best of LaTIS's knowledge and reasonable
                  belief, all such licenses and permits are fully assignable to
                  Spectranetics and on the Closing Date will have been assigned
                  to Spectranetics at no cost or penalty to Spectranetics and
                  without imposition of any restriction, adverse condition or
                  limitation. To the best of LaTIS's knowledge and reasonable
                  belief, LaTIS is in compliance with all such licenses, permits
                  and approvals, and there are no proceedings pending or
                  threatened which may result in the limitation, termination,
                  cancellation or suspension, or any adverse modification of,
                  any such license, permit or approval. SCHEDULE 5.4 to this
                  Agreement contains a full and complete list of all such
                  licenses, permits and approvals.

            5.5 Contracts: Assigned Agreements.

                  (a) Except as set forth on SCHEDULE 5.5 to this Agreement,
                  LaTIS is not obligated under any contract or agreement
                  (written or otherwise) which may not be terminated by LaTIS
                  without liability to LaTIS or Spectranetics upon 30 days' or
                  less notice of a desire to terminate.

                  (b) With respect to the Assigned Agreements:

                           (1)Neither LaTIS nor, to LaTIS's best knowledge, the
                           third parties to such Agreements are in default nor
                           has such default been asserted by any party, and
                           there has not occurred any event which, with the
                           passage of time or giving of notice (or both), would
                           constitute such a default.

                           (2)Except as set forth on SCHEDULE 2.1(e) to this
                           Agreement, (A) each Assigned Agreement is assignable
                           to Spectranetics and will on the Closing Date have
                           been validly assigned to Spectranetics under its
                           terms, (B) all required consents to each such
                           assignment have been or will be obtained by LaTIS
                           prior to the Closing Date, and (C) each Assigned
                           Agreement will, upon its assignment to Spectranetics,
                           be valid and binding in accordance with its terms by
                           and for the benefit of Spectranetics (without any
                           adverse condition, restriction, limitation, cost or
                           penalty to Spectranetics).

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                           (3) LaTIS has satisfied all of its obligations to the
                           extent that such obligations can be presently
                           determined as of the date of this Agreement and LaTIS
                           will satisfy all remaining obligations prior to the
                           Closing Date.

                           (4) Neither LaTIS nor, to the knowledge of LaTIS, the
                           third parties to any such agreement have repudiated
                           any provision of any such agreement.

                  (c) Other than the agreements identified on SCHEDULE 5.5 to
                  this Agreement, there are no agreements necessary for the
                  operation of the Business as presently conducted.

            5.6 Intellectual Property.

                  (a) LaTIS has not interfered with, infringed upon,
                  misappropriated, or violated any Intellectual Property rights
                  of third parties, and LaTIS has not received any charge,
                  complaint, claim, demand, or notice alleging any such
                  interference, infringement, misappropriation, or violation
                  (including any claim that LaTIS must license or refrain from
                  using any Intellectual Property rights of any third party). To
                  the knowledge of LaTIS, no third party has interfered with,
                  infringed upon, misappropriated, or violated any material
                  Intellectual Property rights of LaTIS in any material respect.

                  (b) SCHEDULE 5.6(b) identifies each: (i) patent, trademark or
                  copyright (whether foreign or domestic) which has been issued
                  to or registered in the name of LaTIS with respect to any of
                  its Intellectual Property; (ii) pending patent, trademark or
                  copyright application or application for registration (whether
                  foreign or domestic) which LaTIS has made with respect to any
                  of its Intellectual Property; (iii) material unregistered
                  copyright, trademark, logo, or symbol with respect to any of
                  its Intellectual Property; (iv) license, sublicense,
                  agreement, or other contract or other permission, whether
                  written or oral, pursuant to which LaTIS has granted to any
                  other party any rights with respect to any of its Intellectual
                  Property (together with any exceptions) ("LaTIS Licenses
                  Granted"); and (v) material trade name, domain name,
                  fictitious or d/b/a name, or other identifier used by LaTIS in
                  connection with its Business ("LaTIS Intellectual Property").
                  LaTIS has delivered to Spectranetics correct and complete
                  copies of all patents, trademarks, copyrights, registrations,
                  applications, licenses, agreements, and permissions (as
                  amended to date) itemized in SCHEDULE 5.6(b), and all files
                  associated with the same.

                  (c) With respect to each item of LaTIS Intellectual Property,
                  except as set forth in SCHEDULE 5.6(c):

                                       10

<PAGE>

                           (1) LaTIS possesses all right, title, and interest in
                           and to, or has the right to use, without payment to
                           any person or entity, the item, free and clear of any
                           lien, claim, charge, encumbrance, limitation, adverse
                           condition, license, or other restriction.

                           (2) each application, registration or grant is valid,
                           subsisting, in proper form and enforceable, and has
                           been duly maintained through the Closing Date;

                           (3) To the knowledge of LaTIS, LaTIS currently is
                           listed in the records of the appropriate United
                           States, state or foreign governmental body as the
                           sole owner of record of each application,
                           registration and grant that is registered in LaTIS's
                           name;

                           (4) the item is not subject to any outstanding
                           injunction, judgment, order, decree, ruling, or
                           charge;

                           (5) the item has not lapsed, expired or been
                           abandoned;

                           (6) no action, suit, proceeding, hearing,
                           investigation, charge, complaint, claim, or demand is
                           pending or, to the knowledge of LaTIS, is threatened
                           which challenges the legality, validity,
                           enforceability, use, or ownership of the item or
                           application, registration or grant therefore; and

                           (7) LaTIS has not agreed to indemnify any person or
                           entity for or against any interference, infringement,
                           misappropriation, or other conflict with respect to
                           the item.

                  (d) SCHEDULE 5.6(d) identifies each material item of
                  Intellectual Property that any other party owns and that LaTIS
                  uses pursuant to a license, sublicense, agreement, or other
                  form of valid permission. With respect to each item of
                  Intellectual Property required to be identified in SCHEDULE
                  5.6(d):

                           (1) the license, sublicense, agreement, or permission
                           covering the item is, with respect to LaTIS, legal,
                           valid, binding, enforceable, and in full force and
                           effect in all material respects and, with respect to
                           the other party or parties thereto, is, to the
                           knowledge of LaTIS, legal, valid, binding,
                           enforceable, and in full force and effect in all
                           material respects;

                           (2) LaTIS possesses all rights and interest necessary
                           to sell all products and services currently sold by
                           LaTIS;

                           (3) to the best of LaTIS 's knowledge and reasonable
                           belief, no party to the license, sublicense,
                           agreement, or permission is in material breach or
                           default, and no event has occurred which with notice
                           or lapse of time would constitute a material breach
                           or default or permit termination, modification, or
                           acceleration thereunder;

                                       11

<PAGE>

                           (4) no party to the license, sublicense, agreement,
                           or permission has repudiated any material provision
                           thereof; and

                           (5) LaTIS has not granted any sublicense or similar
                           right with respect to the license, sublicense,
                           agreement, or permission.

                  (e) The Intellectual Property identified on SCHEDULES 5.6(b)
                  through 5.6(d) constitutes all of the Intellectual Property
                  used in or necessary for the conduct of the business of LaTIS
                  as currently conducted.

                  (f) To the knowledge of LaTIS, each third party from whom
                  LaTIS acquires products and goods (i) obtained or made and
                  sold such products and goods without violation of the
                  Intellectual Property or other rights of any party, (ii) has
                  all rights and permissions necessary to distribute such
                  products and goods to LaTIS, and (iii) has all rights and
                  permissions necessary to grant to LaTIS the right to
                  redistribute such products and goods.

            5.8 Employees: Employee Benefits.

                  (a) Attached as SCHEDULE 5.8 to this Agreement is a list, as
                  of the date of this Agreement, of all employees of LaTIS, and
                  their dates of hire, positions, base salary and commission
                  schedule (if applicable). Except as set forth on SCHEDULE 5.8,
                  none of such employees has any agreement (written or
                  otherwise) with LaTIS. LaTIS does not have any collective
                  bargaining or union contracts or agreements. There have not
                  been any unfair labor practice complaints, labor difficulties
                  or work stoppages, or threats thereof, affecting any of
                  LaTIS's employees or activities.

                  (b) Except as set forth on SCHEDULE 5.8 to this Agreement,
                  LaTIS is not a party to and has no liability (contingent or
                  otherwise) under, any pension, disability, group life
                  insurance, hospitalization insurance, profit sharing,
                  retirement or other employee benefit plan or arrangement or
                  for funding of past services of employees, and the
                  consummation of the transactions contemplated by this
                  Agreement will not give rise to any such liability.

            5.9 Financial Statements. LaTIS has delivered to Spectranetics
            complete copies of its financial statements for the most recent
            three years ended December 31,1999, December 31,2000 and December
            31,2001, respectively with the corresponding accountants' reports,
            including balance sheets and accompanying statements of profit and
            loss and related schedules of cost and expenses for the covered
            periods (collectively, the "Financial Statements"). Within 30 days
            after the Closing, LaTIS will furnish Spectranetics with financial
            statements updating, through the Closing Date, the Financial
            Statements (the "Closing Financial Statements"). Each of the
            Financial Statements truly and completely reflects, and the Closing
            Financial Statements will reflect, the financial

                                       12

<PAGE>

            condition, results of operations and related costs and expenses of
            LaTIS as of such dates and for the period then ended, and all of
            such statements were prepared in accordance with GAAP (except, with
            respect to interim financial statements, for normal, non-material
            year-end adjustments).

            5.10 Undisclosed Liabilities. LaTIS does not have any liability or
            obligation of any kind (contingent or otherwise) not reflected on
            the most recent Financial Statements. There is no basis for the
            assertion of any claim or liability against LaTIS which is not fully
            reserved against in the Financial Statements.

            5.11 Taxes. LaTIS has timely filed all federal, state, and local tax
            returns and reports as are and have been required to be filed, and
            such returns were prepared on a basis consistent with LaTIS's
            financial records and all taxes shown thereon to be due have been
            timely paid in full. LaTIS is current in its payment of all federal,
            state and local income, unemployment, withholding, social security
            and other taxes and no formal claims have been made, threatened or
            asserted against LaTIS by the United States Government or by any
            state or local government for any such taxes. LaTIS will promptly
            discharge any and all tax deficiencies asserted against it. LaTIS
            has not executed or filed any agreement or document extending the
            period for assessment or collection of any tax.

            5.12 Absence of Changes or Events. Except as disclosed in the
            Financial Statements, LaTIS has operated the Business only in the
            ordinary course and there has not been, since January 1,2000, (a)
            any damage, destruction or loss, regardless of whether covered by
            insurance, which materially and adversely affects the Purchased
            Assets; or (b) any entry into or commitment to a transaction
            material to the Business.

            5.13 Creditors. SCHEDULE 5.13 to this Agreement is a true and
            complete list of all of LaTIS's creditors as of the date of this
            Agreement and the amounts owed to each such creditor.

            5.14 Subsidiaries. LaTIS does not own any equity interest, directly
            or indirectly, in any corporation, joint venture, partnership,
            limited liability company, firm or other association or entity.

            5.15 Change in Customers or Vendors. [INTENTIONALLY REMOVED]

            5.16 Product Warranty. LaTIS represents and warrants that it has not
            sold or otherwise disposed of any products. To the extent that the
            foregoing is incorrect, all of the products manufactured, sold,
            leased, and delivered by LaTIS have conformed in all material
            respects with all applicable contractual commitments and all express
            and implied warranties and government regulations and, to the
            knowledge of LaTIS, LaTIS has no material liability (whether
            asserted or unasserted, whether absolute or contingent, whether
            accrued or unaccrued, whether liquidated or unliquidated, and
            whether due or to become due) for replacement or repair of defective
            products or other damages in connection therewith, subject

                                       13

<PAGE>

            only to the reserve for product warranty claims set forth in the
            Closing Balance Sheet as adjusted for operations and transactions
            through the Closing in accordance with the past custom and practice
            of LaTIS. All of the products manufactured, sold, leased, and
            delivered by LaTIS are subject to standard terms and conditions of
            sale or lease.

            5.17 Certain Business Relationships With LaTIS. No director, officer
            or stockholder of LaTIS or any of their respective affiliates or
            related parties has been involved in any business arrangement or
            relationship with LaTIS within the past 12 months, nor owns any
            asset, tangible or intangible, which is used in the Business.

            5.18 Disclosure. No statement, representation or warranty made by
            LaTIS in this Agreement, any other document, letter or brochure
            relating to LaTIS and provided to Spectranetics (the "Other
            Documents"), and none of the schedules, attachments or exhibits to
            this Agreement, the Other Documents, contains any untrue statement
            of any material fact or omits a material fact necessary to make the
            statements contained in this Agreement, the Other Documents, or such
            schedules, attachments or exhibits, in light of the circumstances in
            which they were made, not misleading.

         6. SPECTRANETICS'S REPRESENTATIONS AND WARRANTIES. Spectranetics
            represents and warrants to LaTIS as follows, as of the date of this
            Agreement and as of the Closing Date:

            6.1 Organization: Power and Authority. Spectranetics is a
            corporation duly incorporated, validly existing and in good standing
            under the laws of the State of Delaware, and has the corporate power
            and authority to enter into this Agreement and to consummate the
            transactions contemplated by this Agreement.

            6.2 Authorization; Due Execution. This Agreement has been duly
            authorized by all necessary corporate action on the part of
            Spectranetics. Upon the execution and delivery by Spectranetics of
            this Agreement, this Agreement will constitute the legal, valid and
            binding obligation of Spectranetics, enforceable against
            Spectranetics in accordance with its terms.

         7. BROKERS. LaTIS and Spectranetics each represents and warrants to the
            other that (a) it has not dealt with any broker or finder in
            connection with this transaction; (b) no broker or finder was
            instrumental or had any part in bringing about this transaction; (c)
            it has not caused or created any liability to any broker or finder
            in connection with this transaction; and (d) it is not aware of any
            claim from any third party that it is entitled to brokerage, finders
            or other similar fees in connection with this transaction.

                                       14

<PAGE>

         8. SURVIVAL OF OBLIGATIONS AND REPRESENTATIONS AND WARRANTIES. THE
            provisions of this Agreement (including Spectranetics's and LaTIS's
            representations and warranties) shall be deemed to have been relied
            upon by Spectranetics and shall survive the Closing and the
            consummation of the transactions contemplated under this Agreement.

         9. COVENANTS PENDING THE CLOSING.

            9.1 Conduct Through the Closing Date. Prior to the Closing Date,
            LaTIS will (except as otherwise consented to in writing by
            Spectranetics):

                  (a) Operate the Business in the ordinary course as presently
                  conducted.

                  (b) Not enter into any transaction, take any action, or fail
                  to take any action, which would result in, or could reasonably
                  be expected to result in, any of LaTIS's representations,
                  warranties, disclosures or agreements in this Agreement or the
                  exhibits or schedules to this Agreement or in connection with
                  the consummation of the transactions contemplated by this
                  Agreement, to not be true and complete immediately after the
                  occurrence of such transaction. Without limiting
                  LaTIS'obligations under this Section 9.1(b), LaTIS will: (1)
                  maintain the Purchased Assets in good operating condition,
                  subject to ordinary wear and tear; (2) maintain LaTIS's
                  present insurance in full force and effect; and (3) comply
                  with the provisions of all agreements, leases, laws and
                  regulations applicable to LaTIS or the Purchased Assets.

                  (c) Not enter into any agreements, contracts, purchases or
                  sales or modify or terminate any Assigned Agreements other
                  than in the ordinary course of business, including any
                  agreements which would dispose of or encumber any of the
                  Purchased Assets.

                  (d) Use its best efforts to preserve LaTIS's present business
                  organization and goodwill intact, including the present
                  business relationships and goodwill with customers,
                  contractors, suppliers, governmental and quasi-governmental
                  authorities and agencies, brokers and others having business
                  dealings with LaTIS.

                  (e) Pay all costs, expenses, liabilities and obligations of
                  LaTIS in the ordinary course when due, regardless of whether
                  any such items are to be reimbursed by Spectranetics under
                  this Agreement.

            9.2 Approvals and Consents. LaTIS will obtain, in writing, all
            necessary governmental and third party approvals and consents
            required in order to authorize and approve this Agreement and to
            consummate the assignment to, and assumption by, Spectranetics of
            the Assigned Agreements (including the assignment, without
            imposition of any restriction, adverse condition, cost, penalty or
            limitation on Spectranetics, of all Approvals

                                       15

<PAGE>

            and applications for Approvals) and the sale of the Purchased Assets
            to Spectranetics.

            9.3 Bulk Transfer Laws. LaTIS represents and warrants that the Bulk
            Transfer Laws are not applicable to the intended transaction. To the
            extent that the foregoing representation and warranty is
            subsequently determined to be incorrect, LaTIS will cooperate in
            complying with all necessary legal requirements and the remedy
            thereof.

            9.4 Advice of Changes. Between the date of this Agreement and the
            Closing Date, LaTIS will promptly notify Spectranetics in writing of
            any fact which, if existing or known at the date of this Agreement,
            would have been required to be set forth in this Agreement or
            disclosed pursuant to this Agreement or which would materially
            affect or change any of the information set forth in the exhibits or
            schedules of this Agreement.

            9.5 Notice of Litigation. Spectranetics and LaTIS will promptly
            notify the other in writing if it receives any notice, or otherwise
            becomes aware, of any action or proceeding instituted or threatening
            before any court or governmental agency by any third party to
            restrain or prohibit, or obtain substantial damages in respect of
            this Agreement or the consummation of the transactions contemplated
            by this Agreement.

            9.6 Access to Properties and Records: Due Diligence Inspection.
            Spectranetics may continue to conduct such due diligence
            investigation of LaTIS and the Purchased Assets as it deems
            appropriate, in its sole discretion. Spectranetics will be free to
            terminate this Agreement without any obligation to LaTIS if at any
            time before the Closing Date Spectranetics concludes, in its
            reasonable discretion, that it is not satisfied with its due
            diligence investigation. From the date of this Agreement through the
            Closing Date, Spectranetics and its counsel, accountants and other
            representatives will be given full access during normal business
            hours to all of the properties, personnel, financial and operating
            data, books, tax returns, contracts, commitments and records of
            LaTIS, including such access as is needed to conduct a physical/due
            diligence inspection of the Purchased Assets satisfactory to
            Spectranetics.

            9.7 Other Actions. Spectranetics and LaTIS will take all such other
            and further actions, consistent with this Agreement, as the other
            may reasonably request.

         10. CONDITIONS PRECEDENT TO THE PARTIES OBLIGATION TO CLOSE

            10.1 Spectranetics - Conditions Precedent. Spectranetics'
            obligations under this Agreement are subject to the satisfaction at
            or before the Closing Date of each of the following conditions (the
            fulfillment of any of which may be waived in writing by
            Spectranetics):

                  (a) All terms, covenants and conditions of this Agreement to
                  be complied with or performed by LaTIS prior to or on the
                  Closing Date

                                       16

<PAGE>

                  will have been fully complied with and performed by LaTIS,
                  including LaTIS's timely taking of all actions and delivery of
                  all documents required to be taken and delivered by it under
                  this Agreement.

                  (b) All representations, warranties, disclosures and
                  statements of LaTIS contained in this Agreement or the Other
                  Documents will be true and complete as of the date of this
                  Agreement and the Closing Date. Any amendments to the exhibits
                  and schedules to this Agreement which are proposed to be
                  delivered after the date of this Agreement must be
                  satisfactory to Spectranetics, in its sole discretion.

                  (c) LaTIS will have provided to Spectranetics all consents
                  from third parties necessary to transfer the Purchased Assets
                  and to the assignment and assumption of the Assigned
                  Agreements (including the Approvals and all applications for
                  Approvals) in accordance with this Agreement.

                  (d) There will not have been any material adverse change in
                  the financial condition, business or future business prospects
                  of LaTIS, or in the condition of the Purchased Assets
                  (including material damage to the Purchased Assets), or any
                  event which may, in the future, cause such a change.

                  (e) LaTIS will provide Spectranetics with a complete and
                  accurate set of all of the corporate minutes (including the
                  minutes of its board of directors) and all corporate
                  resolutions of LaTIS.

                  (f) As requested by Spectranetics, LaTIS shall use its best
                  efforts to provide access to all persons that have performed
                  work or other services with or on behalf of LaTIS, including
                  former employees, consultants, physicians, vendors, or
                  contractors. If requested by Spectranetics, LaTIS shall
                  further be required to provide reasonable assistance to
                  Spectranetics in reaching future agreements with any such
                  persons.

            10.2 Conditions Precedent - LaTIS. LaTIS's obligations under this
            Agreement are subject to the satisfaction at, or prior to, the
            Closing Date of the following conditions precedent (the fulfillment
            of any of which may be waived in writing by LaTIS):

                  (a) All terms, covenants and conditions of this Agreement to
                  be complied with or performed by Spectranetics prior to or on
                  the Closing Date will have been fully complied with and
                  performed by Spectranetics, including Spectranetics's timely
                  taking of all actions and delivery of all documents required
                  to be taken and delivered by it under this Agreement.

                                       17

<PAGE>

                  (b) The representations, warranties, disclosures and
                  statements of Spectranetics contained in this Agreement will
                  be true and complete as of the date of this Agreement and on
                  the Closing Date.

            10.3 Mutual Condition Precedent. Unless waived in writing by each
            party, it will be a further condition to the consummation of this
            transaction that no litigation will have been commenced or
            threatened to challenge the right of any party to consummate the
            transactions contemplated under this Agreement.

         11. DEFAULT; TERMINATION OF AGREEMENT.

            11.1 Default. Spectranetics's and LaTIS's obligations under this
            Agreement are of a special and unique character and Spectranetics's
            or LaTIS's failure to perform its obligations will cause irreparable
            injury to the other party, the amount of which would be extremely
            difficult, if not impossible, to estimate or determine and which may
            not be adequately compensated by monetary damages alone. Therefore,
            the injured party will be entitled, as a matter of course, to an
            injunction, restraining order, writ of mandamus or other equitable
            relief from any court of competent jurisdiction, including specific
            performance, restraining any violation or threatened violation of
            any term of this Agreement, or requiring compliance with or
            performance of any obligation under this Agreement, by the violating
            party or parties, or such other persons as the court may order.
            Spectranetics's and LaTIS's rights under this Section 11.1 are
            cumulative and are in addition to the rights and remedies otherwise
            available to them under Section 11.2 below, any other provision of
            this Agreement and any other agreement or applicable law.

            11.2 Termination.

                  (a) Pre-Closing Termination. This Agreement may be terminated
            at any time before the Closing as follows:

                    (1) At the election of Spectranetics, by notice to LaTIS at
                    any time if any of Spectranetics's conditions precedent to
                    Closing, as specified in Section 10.1 or 10.3 above, has not
                    been satisfied as of the Closing Date or has at any time
                    become incapable of being satisfied by the Closing Date.

                    (2) At the election of LaTIS, by notice to Spectranetics, if
                    any of LaTIS's conditions precedent to Closing, as specified
                    in Section 10.2 or 10.3 above, has not been satisfied as of
                    the Closing Date or has at any time become incapable of
                    being satisfied by the Closing Date.

                    (3) At the election of Spectranetics under Section 9.6 of
                    this Agreement.

                    (4) If this Agreement terminates in accordance with this
                    Section 11.2, it will be null and void and have no further
                    force or effect. The parties' rights under this Section 11.2
                    are cumulative and are in

                                       18

<PAGE>

                    addition to the other rights and remedies available to them
                    under Section 11.1 above, any other provision of this
                    Agreement, any other agreement or applicable law.

                  (b) Post-Closing Termination. (1) Unless earlier terminated by
         mutual agreement of the parties or as otherwise provided in this
         Section 11.2, sections 2, 3, 5, 8, 9.3, 9.7,11,12,13, and 14 of this
         Agreement shall remain in effect for a period of FIVE (5) YEARS from
         the date first set forth above. However, if after the aforementioned
         five-year period, Spectranetics continues to practice under the rights
         obtained in one or more of the patents acquired by or licensed through
         to Spectranetics in connection with this Agreement (i.e., such that
         Spectranetics' actions would otherwise have been deemed a legally
         infringing activity of such rights), then this Agreement shall remain
         in effect until the last of such patents actually practiced by
         Spectranetics expires and Spectranetics will continue to make the
         associated royalty payments pursuant to Section 3.3 above.

         (2) Further, this Agreement may be earlier terminated, at the option of
         the non-breaching party, if the other party commits a material breach,
         and such breach is not cured within sixty (60) days after notice
         thereof has been given by the non-breaching party to the breaching
         party.

         12. INDEMNIFICATION

            12.1 Indemnification by LaTIS. LaTIS will indemnify and hold
            Spectranetics harmless against any damages, penalties, fines,
            liabilities, claims, losses and expenses (including Fees and Costs)
            which may be incurred by Spectranetics as a result of:

                  (a) Any breach by LaTIS of any of its representations,
                  warranties, covenants or agreements made in this Agreement or
                  the exhibits or schedules to this Agreement.

                  (b) Any attempt or threat (regardless of whether successful
                  and regardless of whether litigation is commenced) by any
                  person or entity to cause or require Spectranetics to pay or
                  discharge any actual or claimed debt, obligation, liability or
                  commitment of or associated with LaTIS.

                  (c) Any action, suit, proceeding, investigation, assessment or
                  judgment relating to any of the matters indemnified against in
                  this Section 12.1, including reasonable Fees and Costs
                  (whether prior to or at trial or in appellate proceedings).

               In no event will LaTIS's indemnification liability to
               Spectranetics exceed the total consideration owed to LaTIS by
               Spectranetics under the terms and conditions of this Agreement.

            12.2 Indemnification by Spectranetics. Spectranetics will indemnify
            and hold LaTIS harmless against any damages, liabilities, penalties,
            fines,

                                       19

<PAGE>

            claims, losses and expenses (including Fees and Costs) which may be
            incurred by LaTIS as a result of any breach by Spectranetics of any
            of Spectranetics's representations, warranties, covenants or
            agreements made in this Agreement.

            12.3 Claims for Indemnification.

                  (a) Whenever any claim is made for indemnification under this
                  Section 12, the person claiming such indemnification (the
                  "Claimant") will notify the party against whom indemnification
                  is sought (the "Indemnifying Party") promptly after the
                  Claimant has actual knowledge of any event which might give
                  rise to a claim for indemnification under this Agreement;
                  provided that if the Claimant receives a complaint, petition
                  or any other pleading in connection with a claim which
                  requires the filing of an answer or other responsive pleading,
                  it will furnish the Indemnifying Party with a copy of such
                  pleading as soon as possible after receipt.

                  (b) The failure by the Claimant to give notice of a claim as
                  required in Section 12.3(a) above or a delay in giving such
                  notice will not affect the validity or amount of such claim
                  and the indemnification obligations of the Indemnifying Party
                  will remain in effect as to such claim, except to the extent
                  mat the Indemnifying Party can demonstrate that it has been
                  materially prejudiced or materially and adversely affected
                  thereby.

            12.4 Third Party Claims. If the facts giving rise to the right of
            indemnification under Sections 12.1 or 12.2 above involve any actual
            or threatened claim or demand by any third party against the
            Claimant or any possible claim by the Claimant against any third
            party ("Third-Party Claim"), and if, within 15 days after receipt
            of notice of the claim, the Indemnifying Party gives the Claimant an
            agreement in writing, in form and substance reasonably satisfactory
            to the Claimant, agreeing to indemnify and hold the Claimant
            harmless from all costs and liability arising from such Third-Party
            Claim (and including, if required by the Claimant, adequate
            assurances of the Indemnifying Party's ability to meet its
            obligations under this Section 12), the Indemnifying Party may at
            its own expense undertake full responsibility for the defense or
            prosecution of such Third-Party Claim and may contest or settle it
            on such terms as it may choose. If the Indemnifying Party fails to
            deliver such an agreement of indemnity to the Claimant, (1) the
            Claimant will be entitled to defend or prosecute such Claim with
            counsel of its own choice (the Fees and Costs of such defense or
            prosecution being indemnified under this Section 12), (2) the
            Indemnifying Party at its own expense may nevertheless participate
            with the Claimant in the defense or prosecution of such Third-Party
            Claim and any settlement negotiations with respect thereto, and (3)
            the Claimant may settle the Third Party Claim on such terms as it
            may choose, although it will not reach such a settlement until it
            has consulted in good faith with the Indemnifying Party. An
            Indemnifying Party's defense or prosecution

                                       20

<PAGE>

            of, or participation in, a Claim will not in any manner relieve the
            Indemnifying Party of its obligations to indemnify the Claimant
            under this Section 12.

            12.5 Interest on Late Payments. Any payment required of
            Spectranetics or LaTIS under this Agreement which is not made when
            due will bear interest, at a rate of 1.5% per month, from the date
            such payment became due until the date such payment is made;
            provided that interest will not begin to accrue on amounts
            ultimately paid to LaTIS after offset pursuant to Section 12.6 below
            until such time as it is finally determined, by the parties' mutual
            agreement or court order, that the offset amount is due and payable
            to LaTIS.

            12.6 Offset. If LaTIS, for any reason, fails or refuses to perform
            fully its obligations of indemnification under this Section 12,
            Spectranetics will have the right of offset with respect to any
            payments which are due or will become due under this Agreement
            (including future royalty payments or contingent payment amounts),
            or any other agreement between Spectranetics and LaTIS. The
            foregoing provisions of this Section 12.6 are permissive, and a
            failure of Spectranetics to exercise its rights under this Section
            12.6 will not affect its right to indemnification under this Section
            12.

         13. OTHER COVENANTS

            13.1 Further Assurances. If at any time after the execution of this
            Agreement, Spectranetics or LaTIS reasonably considers or is advised
            that any further actions, assignments or assurances on its part are
            necessary or desirable to carry out the intent and accomplish the
            purposes of this Agreement, it will, at its own expense, take such
            actions, execute and make all such assignments and assurances and do
            all things necessary or appropriate to carry out the intent and
            accomplish the purposes of this Agreement. In this connection, at
            Spectranetics's request, LaTIS, at its own expense, will furnish, or
            cause to be furnished, to Spectranetics, or as it directs, such
            books, records, operating data, tax returns, and other information
            or evidence within its knowledge, possession, custody or control as
            Spectranetics may reasonably deem necessary or desirable (a) in
            connection with obtaining, maintaining, enforcing or defending any
            of the right, title and interest sold or assigned, or intended to be
            sold or assigned, by this Agreement, (b) in connection with any
            suits, proceedings or controversies relating to any of the Purchased
            Assets, including Third Party Claims, interferences, opposition and
            cancellation proceedings and infringement litigation, (c) in order
            to more effectively vest or to perfect in Spectranetics, or to
            record such forms in such places as Spectranetics may from time to
            time elect, any of the right, title and interest sold or assigned,
            or intended to be sold or assigned, by this Agreement, or (d) in
            informing,

                                       21

<PAGE>

            appraising and making known to Spectranetics the know-how conveyed
            pursuant to this Agreement.

            13.2 Employees. Spectranetics has the right, but is not obligated,
            to employ any or all of the employees of LaTIS, if any (which are
            represented by LaTIS to be none), all such persons so employed by
            Spectranetics will be considered "new hires" by Spectranetics. LaTIS
            will assist Spectranetics in hiring any of LaTIS's employees whom
            Spectranetics wishes to hire. Spectranetics will assume no past or
            future obligations of LaTIS to such employees, including any
            obligations to pay severance pay, vacation pay or other benefits to
            such employees, and such obligations will be and remain obligations
            of LaTIS, as will any similar obligations to any employees of LaTIS
            who are not hired by Spectranetics.

            13.3 Payment of Creditors. LaTIS will maintain sufficient assets to
            pay, and will pay, all amounts owing its creditors when due;
            provided that LaTIS will not be required by reason of this
            Section 13.3 to make any such payment to the extent it is contested
            in good faith.

         14. MISCELLANEOUS.

            14.1 Notices. Any notice required or permitted to be given under
            this Agreement must be sent (a) by personal delivery; (b) by
            recognized overnight courier (such as Airborne or Federal Express);
            (c) by certified or registered mail, postage prepaid; or (d) by
            facsimile, if followed immediately by notice under clauses (b) or
            (c), in each case, as follows:

                              (a) To Spectranetics:

                                    96 TalamineCourt, Colorado Springs, CO.
                                     Fax: 719-442-2525

                                    Attn: Guy Childs

                                     With a copy to:

                                     Rader, Fishman & Grauer PLLC
                                     39533 Woodward Ave., Suite 140
                                     Bloomfield Hills, MI 48304
                                     Fax: (248) 594-0610
                                     Attn: R. Terrence Rader

                              (b) To LaTIS:

                                     100 Front Street, Suite 1350

                                     West Conshohocken, PA 19428
                                     Attn: Charles G. Hadley
                                     Fax:   610-940-0301

                                       22

<PAGE>

                  Addresses for notices may be changed by notice given pursuant
                  to this Section 14.1.

            14.2 No Waiver. No waiver of any breach of any provision of this
            Agreement will be deemed a waiver of any preceding or succeeding
            breach or of any other provision of this Agreement. No extension of
            time for performance of any obligations or acts will be deemed a
            extension of the time for performance of any other obligations or
            acts.

            14.3 Successors and Assigns. This Agreement will bind and inure to
            the benefit of the parties and their successors and assigns;
            provided that (a) LaTIS will not assign this Agreement, or any
            rights under this Agreement or to any other person without the prior
            written consent of Spectranetics; provided, however, that LaTIS may,
            with at least 15 days advance written notice to Spectranetics and
            without the prior consent of Spectranetics, assign all of its rights
            and obligations under this Agreement to a LaTIS Successor; and (b)
            Spectranetics will have the right to assign this Agreement to any
            party as it sees fit in its sole discretion. Any attempted
            assignment in violation of this Section 14.3 will be null and void.

            14.4 Severability. The provisions of this Agreement will be deemed
            severable, and if any provision or part of this Agreement is held
            illegal, void or invalid under applicable law, such provision or
            part may be changed to the extent reasonably necessary to make the
            provision or part, as so changed, legal, valid and binding. If any
            provision of this Agreement is held illegal, void or invalid in its
            entirety, the remaining provisions of this Agreement will not in any
            way be affected or impaired but will remain binding in accordance
            with their terms.

            14.5 Entire Agreement; Amendment. This Agreement and the schedules
            and the exhibits attached to this Agreement contain the entire
            agreement of the parties with respect to the purchase and sale of
            the Purchased Assets and the other transactions contemplated by this
            Agreement, and no representations made by either party may be relied
            on unless set forth in this Agreement or in the exhibits and
            schedules to this Agreement. This Agreement, and any of the
            provisions herein, may be altered, waived, or amended only by an
            instrument in writing, duly executed by Spectranetics and LaTIS.

            14.6 Cost of Litigation. If either party breaches this Agreement and
            if counsel is employed to enforce this Agreement, the successful
            party will be entitled to Fees and Costs associated with such
            enforcement.

            14.7 Interpretation.

                  (a) This Agreement is being entered into among competent and
                  experienced business persons, represented by counsel, and have
                  been reviewed by the parties and their counsel. Therefore, any
                  ambiguous

                                       23

<PAGE>

                  language in this Agreement will not necessarily be construed
                  against any particular party as the drafter of such language.

                  (b) Any statement under this Agreement made by a party to its
                  best knowledge will be deemed to have been made after such
                  party has made due investigation and inquiry of the
                  circumstances relating to such statement, including, where
                  applicable, pertinent review of documentation and inquiry of
                  responsible third parties (including employees, officers and
                  agents).

                  (c) The captions and headings contained in this Agreement are
                  solely for convenience of reference and will not affect the
                  interpretation of any provision of this Agreement.

            14.8 Counterparts. This Agreement may be executed in counterparts
            both of which together will be deemed an original of this Agreement.

            14.9 Applicable Law. This Agreement will be construed in accordance
            with and governed by the laws of the State of Michigan.

            14.10 Cost and Expenses. Except as otherwise provided in this
            Agreement, each party will bear its own expenses in connection with
            the transactions contemplated by this Agreement, including costs of
            their respective attorneys and accountants.

            14.11 No Third-Party Beneficiaries. This Agreement shall not confer
            any rights or remedies upon any party other than Spectranetics and
            LaTIS and their respective successors and permitted assigns.

            14.12 Confidentiality. The existence of and terms of this Agreement
            and the subject matter concerning the same shall be held by LaTIS in
            strict confidence. Further, the Confidentiality Letter/Nondisclosure
            Agreement, dated October 15, 2002, between Spectranetics and LaTIS,
            shall remain in effect until the sooner of the Closing Date and the
            termination date provided in such Confidentiality
            Letter/Nondisclosure Agreement.

                                       24

<PAGE>

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
parties hereto have caused this Agreement to be duly executed and delivered by
their respective duly authorized officers as an instrument under seal as of the
date and year first above written.

                              THE SPECTRANETICS CORPORATION,

                                    By: /s/ [ILLEGIBLE]
                                        ----------------------------
                                    Name:  [ILLEGIBLE]
                                        ----------------------------
                                    Title: Vice President
                                        ----------------------------

                              LATIS, INC.

                                    By: /s/ Charles G. Hadley
                                        -----------------------
                                    Name: Charles G. Hadley
                                    Title: President and CEO

                                       25

<PAGE>
                      SCHEDULES TO ASSET PURCHASE AGREEMENT

Schedule 2.1(a)                 Purchased Assets (not including Intellectual
                                Property)

Schedule 2.1(c)                 Purchased Assets (Intellectual Property)

Schedule 2.1(d)                 Assigned Agreements

Schedule 2.1(e)                 Computer Software and Licenses, Other Licenses
                                and Intellectual Property Relating to the
                                Business or Purchased Assets

Schedule 3.5                    Allocation of the Purchase Price

Schedule 5.1(a)                 Complete List of LaTIS Stockholders

Schedule 5.3                    Purchased Assets (Inventory, Equipment,
                                Furniture, Fixtures, or Other Personal Property)
                                Leased or Held on Consignment by LaTIS

Schedule 5.4                    Full and Complete List of All Licenses, Permits,
                                and Approvals

Schedule 5.5                    Additional Agreements Necessary for the
                                Operation of the Business

Schedule 5.6(b)                 Issued and Pending Patents, Trademarks or
                                Copyrights

Schedule 5.6(c)                 Exceptions to Representations of Section 5.6(c)

Schedule 5.6(d)                 Intellectual Property Owned by Others that LaTIS
                                Uses or May Use

Schedule 5.8                    List of Current LaTIS employees

Schedule 5.13                   True and Complete List of Latis's Creditors

NOTE: The schedules listed above are available for review upon written request
to the Vice President, Chief Financial Officer, 96 Talamine Court, Colorado
Springs, CO 80907-5186.

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