Document:

Exhibit 10.5

 Exhibit 10.5 
 MAKE GOOD ESCROW AGREEMENT 
  THIS MAKE GOOD
ESCROW AGREEMENT (the “Make Good Agreement”), dated effective as of March 19, 2010, is entered into by and among Dehaier Medical Systems Limited, a British Virgin Islands corporation (the “Company”); Anderson &
Strudwick, Inc. (“A&S”); Mr. Ping Chen, individually and as authorized representative of his wholly owned company, Chen Ping Ltd. Ms. Zheng (Rita) Liu, Mr. Weibing Yang, Mr. Jian Sun and Mr. Yong Wang, in their
individual capacities (collectively the “Make Good Pledgors” and each individually a “Make Good Pledgor”); and SunTrust Bank, N.A., as escrow agent (“Escrow Agent”). 
  WHEREAS, A&S has agreed, pursuant to the terms of that Placement Agreement dated as of the date hereof (the “Placement
Agreement”), to engage in a “best efforts, minimum/maximum” initial public offering of common shares (the “Offering”) of the Company. As an inducement to A&S to assist with the Offering and as set forth in the Placement
Agreement, each Make Good Pledgor has agreed to place certain shares of the Company’s common shares, par value $0.002731 per share (the “Shares”) into escrow for the benefit of the Company and investors in the Offering in the event
the Company fails to satisfy certain After-Tax Net Income thresholds; provided, however, that the Shares will be returned to the Make Good Pledgors if the Shares (i) meet the definition of covered securities under the Securities Act of 1933 and
(ii) have a closing price of at least 2.5 times the Offering price for five trading days in any ten trading day period. 
 WHEREAS, pursuant to the requirements of the Placement Agreement, the Company and Make Good Pledgors have agreed to establish an escrow on the terms and conditions set forth in this Make Good Agreement; 
 WHEREAS, the Escrow Agent has agreed to act as escrow agent pursuant to the terms and conditions of this Make Good Agreement; and

 WHEREAS, all capitalized terms used but not defined herein shall have the meanings assigned them in the Placement
Agreement; 
 NOW, THEREFORE, in consideration of the mutual promises of the parties and the terms and conditions hereof,
the parties hereby agree as follows: 
 1. Appointment of Escrow Agent. The Make Good Pledgors and the Company hereby
appoint Escrow Agent to act in accordance with the terms and conditions set forth in this Make Good Agreement, and Escrow Agent hereby accepts such appointment and agrees to act in accordance with such terms and conditions. 
 2. Establishment of Escrow. Prior to the request of effectiveness for the Offering, the Make Good Pledgors shall deliver, or cause to
be delivered, to the Escrow Agent certificates evidencing an aggregate of 600,000 Shares (the “Escrow Shares”), along with bank signature stamped stock powers executed in blank (or such other signed instrument of transfer acceptable to the
Company’s Transfer Agent). The Escrow Shares shall be pledged to secure the Company’s commitment to achieve the 2010 Target EPS (as defined below); provided, however, that the Escrow Shares will be returned to the Make Good Pledgors in
accordance with Section 4(c) hereof in the event the Company meets the requirements of that section. As used in this Make Good Agreement, “Transfer Agent” means ComputerShare Trust Company, N.A., or such other entity hereafter
retained by the Company as its stock transfer agent as specified in a writing from the Company to the Escrow Agent and A&S. 
 3. Representations of Make Good Pledgors. Each Make Good Pledgor hereby represents and warrants to A&S as follows: 
 a. All of the Escrow Shares are validly issued, fully paid and nonassessable shares of the Company, and free and clear of all pledges, liens and encumbrances. 
 b. Performance of this Make Good Agreement and compliance with the provisions hereof will not violate any provision of any
applicable law and will not conflict with or result in any breach of any of the terms, conditions or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon, any of the properties
or assets of any Make Good Pledgor pursuant to the terms of any indenture, mortgage, deed of trust or other agreement or instrument binding upon such Make Good Pledgor, other than such breaches, defaults or liens which would not have a material
adverse effect taken as a whole. 

 4. Disbursement of Escrow Shares. 
 a. Each Make Good Pledgor agrees that, upon the filing of the Company’s Annual Report on Form 10-K for the fiscal year
ending December 31, 2010 with the Commission (the “2010 Annual Report”), the 
 Escrow Shares will
be transferred to the Company and/or returned to each Make Good Pledgor, in order to cause the Company to achieve, to the extent possible, After-Tax Net Earnings Per Share for the fiscal year ending December 31, 2010 of at least $0.80 per Share
(the “2010 Target EPS”): 
 1. If the Company’s 2010 After-Tax Net Income divided by all issued
and outstanding Shares (including the Escrow Shares) is at least equal to the 2010 Target EPS, then all Escrow Shares will be returned to the respective Make Good Pledgors. In such case, A&S shall provide written instruction (with a copy to the
Company) and direct the Escrow Agent to return all such Escrow Shares to the respective Make Good Pledgors. 
 2.
If the Company’s 2010 After-Tax Net Income divided by all issued and outstanding Shares (including the Escrow Shares) is less than the 2010 Target EPS, then A&S shall provide written instruction (with a copy to the Company) and direct the
Escrow Agent (a) to return to the Make Good Pledgors (on a pro rata basis to each Make Good Pledgor) the number of Escrow Shares equal to: 
 Company’s 2010 After-Tax Net Income/2010 Target EPS) – all issued Shares other than Escrow Shares 
 and (b) to instruct the Transfer Agent to transfer to the Company (on a pro rata basis from each Make Good Pledgor) for
no additional consideration a number of Make Good Shares that is equal to: 
 Escrow Shares – Escrow Shares returned to
Make Good Pledgors 
 In the event the formulas set forth in Section 4(a)(2) would result in a fractional number of
Escrow Shares being returned to any Make Good Pledgor, such fractional number shall be disregarded. In no event shall the failure by the Company to achieve the 2010 Target EPS result in the delivery by the Make Good Pledgors to the Company of a
number of shares that is in excess of the number of Escrow Shares pledged hereunder. Subject to the timing of the Transfer Agent, transfers required under this Section shall be made to the Company within 30 Business Days after the date which the
2010 Annual Report is filed with the Commission, provided that Escrow Agent is given notice of the 2010 Annual Report’s filing and results. If the Company’s audited consolidated financial statements for the fiscal year ended
December 31, 2010 specify that the 2010 Target EPS shall have been achieved, no transfer of the Escrow Shares to the Company shall be required by this Section and A&S shall provide written instruction (with a copy to the Company) to the
Escrow Agent to return all Escrow Shares deposited with the Escrow Agent to the Make Good Pledgors within 30 Business Days after the date which the 2010 Annual Report is filed with the Commission, provided that Escrow Agent is given notice of the
2010 Annual Report’s filing and results. The Escrow Agent need only rely on the letter of instruction from A&S in this regard and will disregard any contrary instructions. The Escrow Agent shall be entitled to rely on the calculations
provided by A&S in releasing the Escrow Shares for disbursement, with no further responsibility to calculate or confirm amounts. 
 b. Notwithstanding anything to the contrary contained herein, in the event that the release of any of the Escrow Shares to the Company or the Make Good Pledgors or any other party is deemed to be an
expense or deduction from revenues/income of the Company for the applicable year, as required under GAAP, then such expense or deduction shall be excluded for purposes of determining whether or not the 2010 Target EPS has been achieved by the
Company. The parties further acknowledge that the Company will account for (i) any employee stock options granted under its stock incentive plan by expensing the value of such options as they become vested, beginning one year after the initial
grant and (ii) any placement agent’s warrants granted in the Company’s initial public offering of common shares by netting the value of such warrants against offering proceeds. 

 c. Notwithstanding anything to the contrary contained herein, the Escrow
Shares shall be returned to the Make Good Pledgors without regard to the 2010 Target EPS in the event (i) the closing price of the Shares is equal to at least 2.5 times the Offering price for five trading days in any ten trading day period and
(ii) the Shares are, at such time, covered securities, as such term is defined in the Securities Act of 1933. 
 5.
Duration. This Make Good Agreement shall terminate upon the distribution of all the Escrow Shares in accordance with the terms of this Make Good Agreement. The Company agrees to promptly provide the Escrow Agent written notice of the filing with
the Commission of any financial statements or reports referenced herein. 
 6. Escrow Shares. If any Escrow Shares are
deliverable to the Company in accordance with this Make Good Agreement, (i) each Make Good Pledgor covenants and agrees to execute all such instruments of transfer (including stock powers and assignment documents) as are customarily executed to
evidence and consummate the transfer of the Escrow Shares from Make Good Pledgor to the Company, to the extent not done so in accordance with Section 2, and (ii) following its receipt of the documents referenced in Section 6(i), the
Company and Escrow Agent covenant 
 and agree to cooperate with the Transfer Agent so that the Transfer Agent promptly transfers such Escrow
Shares to the Company. Until such time as (if at all) the Escrow Shares are required to be delivered in accordance with this Make Good Agreement, any dividends payable in respect of the Escrow Shares and all voting rights applicable to the Escrow
Shares shall be retained by each Make Good Pledgor. Should the Escrow Agent receive dividends or voting materials, such items shall not be held by the Escrow Agent, but shall be passed immediately on to the Make Good Pledgor and shall not be
invested or held for any time longer than is needed to effectively re-route such items to the Make Good Pledgor. If the Escrow Agent receives a communication requiring the conversion of the Escrow Shares to cash or the exchange of the Escrow Shares
for that of an acquiring company, the Escrow Agent shall solicit and follow the written instructions of each Make Good Pledgor; provided that the cash or exchanged shares are instructed to be redeposited into the Escrow Account. Each Make Good
Pledgor shall be responsible for all taxes resulting from any such conversion or exchange. 
 7.
Interpleader. Should any controversy arise among the parties hereto with respect to this Make Good Agreement or with respect to the right to receive the Escrow Shares, Escrow Agent and/or A&S shall have the right to consult and hire
counsel and/or to institute an appropriate interpleader action to determine the rights of the parties. Escrow Agent and/or A&S are also each hereby authorized to institute an appropriate interpleader action upon receipt of a written letter of
direction executed by the parties so directing either Escrow Agent or A&S. If Escrow Agent or A&S is directed to institute an appropriate interpleader action, it shall institute such action not prior to thirty (30) days after receipt of
such letter of direction and not later than sixty (60) days after such date. Any interpleader action instituted in accordance with this Section 7 shall be filed in any court of competent jurisdiction in the Commonwealth of Virginia, and
the Escrow Shares in dispute shall be deposited with the court and in such event Escrow Agent and A&S shall be relieved of and discharged from any and all obligations and liabilities under and pursuant to this Make Good Agreement with respect to
the Escrow Shares and any other obligations hereunder. 
 8. Exculpation and Indemnification of Escrow Agent and A&S.

 a. Escrow Agent is not a party to, and is not bound by or charged with notice of any agreement out of
which this escrow may arise. Escrow Agent acts under this Make Good Agreement as a depositary only and is not responsible or liable in any manner whatsoever for the sufficiency, correctness, genuineness or validity of the subject matter of the
escrow, or any part thereof, or for the form or execution of any notice given by any other party hereunder, or for the identity or authority of any person executing any such notice. Escrow Agent will have no duties or responsibilities other than
those expressly set forth herein. Escrow Agent will be under no liability to anyone by reason of any failure on the part of any party hereto (other than Escrow Agent) or any maker, endorser or other signatory of any document to perform such
person’s or entity’s obligations hereunder or under any such document. Except for this Make Good Agreement and instructions to Escrow Agent pursuant to the terms of this Make Good Agreement, Escrow Agent will not be obligated to recognize
any agreement between or among any or all of the persons or entities referred to herein, notwithstanding its knowledge thereof. A&S’s sole obligation under this Make Good Agreement is to provide written instruction to Escrow Agent
(following such time as the Company files certain periodic financial reports as specified in Section 4 hereof) directing the distribution of the Escrow Shares. A&S will provide such written instructions upon review of the relevant After-Tax
Net Earnings Per Share amount reported in such periodic financial reports as specified in Section 4 hereof. A&S is not

 
charged with any obligation to conduct any investigation into the financial reports or make any other investigation related thereto. In the event of any actual or alleged mistake or fraud of the
Company, its auditors or any other person (other than A&S) in connection with such financial reports of the Company, A&S shall have no obligation or liability to any party hereunder. 
 b. Escrow Agent will not be liable for any action taken or omitted by it, or any action suffered by it to be taken or
omitted, absent gross negligence or willful misconduct. Escrow Agent may rely conclusively on, and will be protected in acting upon, any order, notice, demand, certificate, or opinion or advice of counsel (including counsel chosen by Escrow Agent),
statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is reasonably
believed by Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The duties and responsibilities of the Escrow Agent hereunder shall be determined solely by the express provisions of this Make Good Agreement and
no other or further duties or responsibilities shall be implied, including, but not limited to, any obligation under or imposed by any laws of the Commonwealth of Virginia upon fiduciaries. THE ESCROW AGENT SHALL NOT BE LIABLE, DIRECTLY OR
INDIRECTLY, FOR ANY (I) DAMAGES, LOSSES OR 
 EXPENSES ARISING OUT OF THE SERVICES PROVIDED HEREUNDER, OTHER THAN DAMAGES,
LOSSES OR EXPENSES WHICH HAVE BEEN FINALLY ADJUDICATED TO HAVE DIRECTLY RESULTED FROM THE ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, OR (II) SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR LOSSES OF ANY KIND WHATSOEVER (INCLUDING,
WITHOUT LIMITATION, LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION. 
 c. The Company and each Make Good Pledgor each hereby, jointly and severally, indemnify and hold harmless each of Escrow
Agent, A&S and any of their principals, partners, agents, employees and affiliates from and against any expenses, including reasonable attorneys’ fees and disbursements, damages or losses suffered by Escrow Agent or A&S in connection
with any claim or demand, which, in any way, directly or indirectly, arises out of or relates to this Make Good Agreement or the services of Escrow Agent or A&S hereunder; except, that if Escrow Agent or A&S is guilty of willful misconduct
or gross negligence under this Make Good Agreement, then Escrow Agent or A&S, as the case may be, will bear all losses, damages and expenses arising as a result of its own willful misconduct or gross negligence. Promptly after the receipt by
Escrow Agent or A&S of notice of any such demand or claim or the commencement of any action, suit or proceeding relating to such demand or claim, Escrow Agent or A&S, as the case may be, will notify the other parties hereto in writing. For
the purposes hereof, the terms “expense” and “loss” will include all amounts paid or payable to satisfy any such claim or demand, or in settlement of any such claim, demand, action, suit or proceeding settled with the express
written consent of the parties hereto, and all costs and expenses, including, but not limited to, reasonable attorneys’ fees and disbursements, paid or incurred in investigating or defending against any such claim, demand, action, suit or
proceeding. The provisions of this Section 8 shall survive the termination of this Make Good Agreement, and the resignation or removal of the Escrow Agent. 
 9. Compensation of Escrow Agent. Escrow Agent shall be entitled to compensation of $1,500 in the aggregate for its services under this Agreement, which compensation shall be paid by the Company.
The fee agreed upon for the services rendered hereunder is intended as full compensation for Escrow Agent’s services as contemplated by this Make Good Agreement; provided, however, that in the event that Escrow Agent renders any
material service not contemplated in this Make Good Agreement, or there is any assignment of interest in the subject matter of this Make Good Agreement, or any material modification hereof, or if any material controversy arises hereunder, or Escrow
Agent is made a party to any litigation pertaining to this Make Good Agreement, or the subject matter hereof, then Escrow Agent shall be reasonably compensated by the Company for such extraordinary services and reimbursed for all costs and expenses,
including reasonable attorney’s fees, occasioned by any delay, controversy, litigation or event, and the same shall be recoverable from the Company. Prior to incurring any costs and/or expenses in connection with the foregoing sentence, Escrow
Agent shall be required to provide written notice to the Company of such costs and/or expenses and the relevancy thereof and Escrow Agent shall not be permitted to incur any such costs and/or expenses which are not related to litigation prior to
receiving written approval from the Company, which approval shall not be unreasonably withheld. 

 10. Resignation of Escrow Agent. At any time, upon ten (10) days’ written
notice to the Company, Escrow Agent may resign and be discharged from its duties as Escrow Agent hereunder. As soon as practicable after its resignation, Escrow Agent will promptly turn over to a successor escrow agent appointed by A&S the
Escrow Shares held hereunder upon presentation of a document appointing the new escrow agent and evidencing its acceptance thereof. If, by the end of the 10-day period following the giving of notice of resignation by Escrow Agent, A&S shall have
failed to appoint a successor escrow agent, Escrow Agent may interplead the Escrow Shares into the registry of any court having jurisdiction. 
 11. Records. Escrow Agent shall maintain accurate records of all transactions hereunder. Promptly after the termination of this Make Good Agreement or as may reasonably be requested by the parties
hereto from time to time before such termination, Escrow Agent shall provide the parties hereto, as the case may be, with a complete copy of such records, certified by Escrow Agent to be a complete and accurate account of all such transactions. The
authorized representatives of each of the parties hereto shall have access to such books and records at all reasonable times during normal business hours upon reasonable notice to Escrow Agent and at the requesting party’s expense. 

12. Notice. All notices, communications and instructions required or desired to be given under this Make Good Agreement must be in
writing and shall be deemed to be duly given if sent by registered or certified mail, return receipt requested, or overnight courier, to the addresses listed on the signature pages hereto. 
 13. Execution in Counterparts. This Make Good Agreement may be executed in counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. 
 14. Assignment and Modification. This Make
Good Agreement and the rights and obligations hereunder of any of the parties hereto may not be assigned without the prior written consent of the other parties hereto. Subject to the foregoing, this Make Good Agreement will be binding upon and inure
to the benefit of each of the parties hereto and their respective successors and permitted assigns. No other person will acquire or have any rights under, or by virtue of, this Make Good Agreement. No portion of the Escrow Shares shall be subject to
interference or control by any creditor of any party hereto, or be subject to being taken or reached by any legal or equitable process in satisfaction of any debt or other liability of any such party hereto prior to the disbursement thereof to such
party hereto in accordance with the provisions of this Make Good Agreement. This Make Good Agreement may be amended or modified only in writing signed by all of the parties hereto. 
 15. Applicable Law. This Make Good Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of
Virginia without giving effect to the principles of conflicts of laws thereof. 
 16. Headings. The headings contained in
this Make Good Agreement are for convenience of reference only and shall not affect the construction of this Make Good Agreement. 
 17. Attorneys’ Fees. If any action at law or in equity, including an action for declaratory relief, is brought to enforce or interpret the provisions of this Make Good Agreement, the prevailing party shall be entitled to recover
reasonable attorneys’ fees from the other party (unless such other party is the Escrow Agent), which fees may be set by the court in the trial of such action or may be enforced in a separate action brought for that purpose, and which fees shall
be in addition to any other relief that may be awarded. 
 18. Merger or Consolidation. Any corporation or association
into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any
corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Make Good Agreement and shall have and succeed to
the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further act. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties have duly executed this Make Good Agreement as of the
date set forth opposite their respective names. 
  
  
			
	 COMPANY:

	
	 Dehaier Medical Systems Limited

		
	By:	 	 /s/ Ping Chen

	Name:	 	Ping Chen
	Title:	 	CEO
	
	 MAKE GOOD PLEDGORS:

	
	 /s/ Ping Chen
 Ping Chen
 Mr. Ping Chen, individually and as authorized representative of his wholly owned
company, Chen Ping Ltd.

	
	 /s/ Zheng (Rita) Liu
 Zheng (Rita) Liu

	
	 /s/ Weibing Yang
 Weibing Yang

	
	 /s/ Jian Sun
 Jian Sun

	
	 /s/ Yong Wang
 Yong Wang

	
	 A&S:

	
	 Anderson & Strudwick, Incorporated

		
	By:	 	 /s/ L. McCarthy Downs III

	Name:	 	L. McCarthy Downs III
	Its:	 	Senior Vice President
	
	 ESCROW AGENT:

	
	 SunTrust Bank, N.A.

		
	By:	 	 /s/ Matthew Ward

	Name:	 	Matthew Ward
	Its:	 	Trust Officer, Escrow ServicesChange of Control Agreement

 Exhibit 10.1 
 CHANGE OF CONTROL AGREEMENT 
 This CHANGE OF CONTROL
AGREEMENT, made as of March 22, 2010, is by and between Molecular Insight Pharmaceuticals, Inc., a Massachusetts corporation (the “Company”), and Charles H. Abdalian, Jr. (the “Employee”). All
references to the Company include all affiliated or subsidiary entities including, without limitation, a Buyer in a Change of Control (each as defined below). 
 Whereas, the Company wants to provide to the Employee assurances of continued employment in the event of a Change of Control (as defined below); and 
 Whereas, the Employee is a member of senior management of the Company. 
 Now, therefore, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the
receipt and sufficiency of which consideration are hereby acknowledged, the parties agree as follows: 
  

	 	1.	Severance Payments 

 (a) From and after the consummation of a Change of Control and subject to the other provisions of this Section 1, the Company shall pay to the Employee an amount equal to the Employee’s then-current base salary for a period of one
year (the “Severance Payment”) if (X) the Employee is employed by the Company immediately prior to the consummation of a Change of Control and (Y) (i) upon consummation of such Change of Control the Employee is not
hired by the Buyer or retained by the Company on substantially similar terms of employment as those enjoyed by the Employee immediately prior to the consummation of such Change of Control, (ii) the Employee’s employment with the Company or
the Buyer, as applicable, is terminated without Cause (as defined below) at any time prior to the first anniversary of the consummation of such Change of Control, or (iii) the Employee resigns with Good Reason (as defined below) from employment
with the Company or the Buyer, as applicable, at any time prior to the first anniversary of the consummation of such Change of Control. The Severance Payment shall be made in one lump sum upon the effective date of the termination of such
Employee’s employment with the Company or the Buyer, as the case may be. 
 (b) Notwithstanding anything else to the
contrary herein, if upon termination, the Employee is a “specified employee” (within the meaning attributed thereto by Section 409A of the Code and the regulations thereunder) of Company, and if the payments would be subject to excise
tax under Code Section 409A because such payments are made within the 6-month period commencing upon the Employee’s effective date of termination, then such payments shall be delayed for 6 months following such termination. 

	 	2.	Non-Competition Agreement 

 (a) In consideration for entering into this Agreement and the promises set forth herein, the Employee agrees that, for a period of one (1) year after the termination of employment, whether in
connection with a Change of Control or otherwise, the Employee will not, without the Company’s prior written approval, directly or indirectly: 
 (i) solicit, divert or take away, or attempt to divert or to take away, the business or patronage of any of the clients, customers or accounts, or prospective clients, customers or accounts, of the
Company. For purposes of this Agreement, a prospective client, customer or account is any individual or entity whose business is solicited by the Company, proposed to be solicited by the Company, or who approaches the Company, with respect to
possibly becoming a client, customer, or account during the Employee’s employment relationship; or 
 (ii) engage (whether
for compensation or without compensation) as an individual proprietor, partner, stockholder, officer, employee, director, joint venturer, investor, lender, or in any other capacity whatsoever (otherwise than as the holder of not more than 1% of the
total outstanding stock of a publicly-held company), in any business activity which competes with the business of the Company, including, without limitation, the licensing, sale, distribution, development or research of radiotherapeutics and
molecular imaging pharmaceuticals related to diagnostic imaging of the human cardio-vascular system or carcinogenic tumors; or 
 (iii) hire any employee or consultant of the Company or recruit, solicit or knowingly induce, or attempt to induce, any employee or consultant of the Company to terminate his employment or consulting relationship with, or otherwise cease
his relationship with, the Company. 
 (b) If any restriction set forth in this Section 2 is found by any court of
competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of
activities or geographic areas to which it may be enforceable. 
 (c) The Employee acknowledges and agrees that the
restrictions contained in this Section 2 are reasonable in scope, duration and geographic area, are necessary for the protection of the business and goodwill of the Company, and provide a substantial inducement to a Buyer in order to consummate
a Change of Control. The Employee agrees that any breach of this Section 2 will cause the Company substantial and irrevocable damage and, therefore, in the event of any such breach, in addition to such other remedies which may be available, the
Company will have the right to seek specific performance and injunctive relief. 
  

	 	3.	Rights to Employment 

 Nothing contained herein shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Employee. 
  

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	 	4.	Notices 

 All
notices under this Agreement must be in writing and must be delivered by hand or mailed by certified or registered mail, postage prepaid, return receipt requested, to the parties as follows: 
  

					
	If to the Company:	 		 	101 Rogers Street,
		 		 	Cambridge, MA 02142
		 		 	Attn: General Counsel
			
	If to the Employee:	 		 	To the address set forth below the signature of the Employee;

 or to such other address as is specified in a notice complying with this Section 4. Any such notice is deemed given on the date delivered by hand or three days after the date of mailing. 
  

	 	5.	Definitions 

 5.1
“Buyer” shall mean the Person or Persons acting as a group who has acquired ownership of the stock or assets of the Company pursuant to a transaction described in clauses (i) or (ii) of a Change of Control. 
 5.2 “Cause” shall mean a vote of the Board of Directors of the Company resolving that the Employee should be dismissed as a
result of (i) the commission of any act constituting financial dishonesty against the Company (which act would be chargeable as a crime under applicable law); (ii) engaging in any other act of dishonesty, fraud, intentional
misrepresentation, moral turpitude, illegality or harassment which, as determined in good faith by the Board, would materially adversely affect the business or the reputation of the Company with its customers, suppliers, lenders and/or other third
parties with whom the Company does business; (iii) the repeated failure to follow the written directives of the Board, which failure has not been corrected within 30 days after written notice from the Board, or (iv) any material
misconduct, violation of the Company’s written policies, or willful and deliberate non-performance of duty in connection with the business affairs of the Company, after written warning of such violation from the Board. 
 5.3 “Change of Control” shall mean the occurrence of any one of the following events: 
 (i) the date on which (1) any one Person, or more than one Person acting as a group, other than Excluded Persons, acquires (or has
acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person or Persons) ownership of stock of the Company possessing thirty-five percent (35%) or more of the total voting power of the stock
of the Company; provided, however, that if any one Person or more than one Person acting as a group is already considered to own more than thirty-five percent (35%) of the total voting power of the stock of the Company, the acquisition of
additional voting stock by the same Person or Persons is not considered to cause a Change of Control; or (2) a majority of the members of the Company’s Board of Directors is replaced during any twelve (12) month period by directors
whose appointment or election is not endorsed by a majority of the members of the Company’s Board of Directors prior to the date of the appointment or election; or 
  

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 (ii) the date on which any one Person, or more than one Person acting as a group, other
than Excluded Persons, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total Gross Fair Market Value equal to more
than sixty percent (60%) of the total Gross Fair Market Value of all the assets of the Company immediately prior to such acquisition or acquisitions, other than an Excluded Transaction. 
 5.4 “Excluded Persons” shall mean (a) the Company or any of its affiliates, (b) a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or any of its affiliates, (c) an underwriter temporarily holding securities pursuant to an offering of such securities, or (d) a corporation owned, directly or indirectly, by
the shareholders of the Company in substantially the same proportions as their ownership of stock in the Company. 
 5.5
“Excluded Transaction” shall mean any transaction in which assets are transferred to: (a) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (b) an
entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (c) a Person, or more than one Person acting as a group, that owns,
directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (d) an entity at least fifty percent (50%) of the total value
or voting power of which is owned, directly or indirectly, by a Person described in clause (c) (determined after the asset transfer). 
 5.6 “Good Reason” shall mean that the Employee has resigned within 30 days after the occurrence of one or more of the following events: (i) a material diminution in the
Employee’s annual base salary other than reduction approved by the Employee, (ii) a material diminution of the Employee’s job responsibilities when compared to the Employee’s responsibilities as of the date hereof, or
(ii) the relocation of the Employee’s principal office location to a facility or location that is more than 50 miles away from the Employee’s principal office location as of the consummation of the Change of Control, which relocation
is not approved by the Employee. 
 5.7 “Gross Fair Market Value” shall mean the value of the assets of the
Company, or the value of the assets being disposed of, as applicable, determined without regard to any liabilities associated with such assets. 
 5.8 “Person” has the meaning given in Section 3(a)(9) of the Securities Exchange Act of 1934, as modified and used in Sections 13(d) and 14(d) thereof. 
  

	 	6.	Miscellaneous 

 6.1 Withholding. The Company may withhold from any distribution under this Agreement all federal, state, city and other taxes as shall be legally required. 
  

 4 

 6.2 Modification. This Agreement constitutes the entire agreement between the
parties with regard to the subject matter hereof, superseding all prior understandings and agreements, whether written or oral. This Agreement may not be amended or revised except by a writing signed by the parties. 
 6.3 Successors and Assigns. This Agreement is binding upon and inures to the benefit of both parties and their respective
successors and assigns, including any Buyer with which or into which the Company may be merged or which may succeed to the Company’s assets or business, although the obligations of the Employee are personal and may be performed only by him.
Upon any assignment by the Company of this Agreement, all references to Company herein shall be deemed to be references to such assignee. 
 6.4 Captions. Captions have been inserted in this Agreement solely for convenience of reference, and in no way define, limit or affect the scope or substance of any provision of this
Agreement. 
 6.5 Severability. The provisions of this Agreement are severable, and invalidity of any provision
does not affect the validity of any other provision. In the event that any court of competent jurisdiction determines that any provision of this Agreement or the application thereof is unenforceable because of its duration or scope, the parties
agree that the court in making such determination will have the power to reduce the duration and scope of such provision to the extent necessary to make it enforceable, and that the Agreement in its reduced form is valid and enforceable to the full
extent permitted by law. 
 6.6 Governing Law. This Agreement is to be construed under and governed by the laws of
the Commonwealth of Massachusetts. 
 [BALANCE OF PAGE INTENTIONALLY LEFT BLANK] 
  

 5 

 IN WITNESS WHEREOF, the parties have executed this Change of Control Agreement as of
the date and year first above written. 
  

			
	MOLECULAR INSIGHT PHARMACEUTICALS, INC.:
		
	By:	 	 /s/ Daniel L. Peters

	Name:	 	Daniel L. Peters
	Title:	 	President and Chief Executive Officer
	
	EMPLOYEE:
	
	 /s/ Charles H. Abdalian, Jr.

	Charles H. Abdalian, Jr.
		
	Address:	 	 62 Vaughn Hill Road

		
		 	 Bolton, MA 01740

  

 6

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