Document:

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                                                                 EXHIBIT 10.23*

                      THE CONFIDENTIAL PORTIONS OF THIS EXHIBIT, WHICH
                      HAVE BEEN REMOVED AND REPLACED WITH AN ASTERISK,
                      HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE
                      SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A
Agreement No. ______  REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 406
                                                                         [LOGO]

                         SUPPLIER PARTNERING AGREEMENT

This agreement ("Agreement") is effective as of June 1, 2000 by and between the
following parties:

       Pacesetter, Inc. (d/b/s St. Jude Medical CRMD), a St. Jude Medical
       Company, 15900 Valley View Court, Sylmar, California 91392-9221
       ("Buyer"); and

       Wilson Greatbatch Ltd., 10000 Wehrle Drive, Clarence, New York 14031
       ("Seller")

INTRODUCTION

The parties desire to establish a stable relationship based on a continuous
improvement process leading toward world class benchmarks in quality, cost,
inventory levels, delivery, technology, and service.

Therefore, Seller and Buyer mutually agree to the following:

1.     TERM OF AGREEMENT. This Agreement begins on June 1, 2000 and will run
       until December 31, 2003 ("Initial Term"); provided, however, that the
       term of this Agreement may be extended pursuant to Section 9 of Exhibit
       A.

2.     PURCHASE ORDERS; TERMS AND CONDITIONS OF SALE. Seller will provide Buyer
       products pursuant to purchase orders to be issued by Buyer's business
       units, including its Swedish affiliate. The general terms and conditions
       of sale for products sold by Seller to Buyer hereunder are set forth on
       Exhibit A attached to and made a part of this Agreement. The parties
       expressly agree that none of the terms and conditions of any standard
       purchase preprinted forms used by either Seller or the Buyer in
       effectuating the purchase and sale transactions contemplated by this
       Agreement (including, but not limited to, purchase orders,
       acknowledgements and acceptance forms, invoices, labels and shipping
       documents) which are inconsistent with, or in addition to, those
       contained in this Agreement shall have any force or effect.

3.     PRICING. Pricing shall be as shown in Exhibit B, Attachment 1 (component
       parts) and Attachment 2 (batteries).

4.     INVENTORY. Seller will maintain a finished inventory for each product at
       the level indicated in Exhibit B, Attachments 1 and 2. The level is a
       proportion of the estimated annual usage for the product and will be
       updated each quarter. If inventory drops below the indicated level at any
       time or is totally consumer by Buyer, Seller will promptly replenish
       inventory to the appropriate level as indicated in Exhibit B, Attachments
       1 and 2. Seller will keep

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       Buyer informed of the inventory level and location of each product. At
       Buyer's discretion, any inventory may be consigned to Buyer's facility.
       Buyer will be responsible for any resulting additional costs to Seller
       (as set forth on Exhibit A).

5.     QUANTITY. Subject to Section 2.6 on Exhibit A, Buyer will purchase no
       less than the inventory commitment of each product indicated in Exhibit
       B, Attachments 1 and 2. Buyer will purchase its annual requirement of
       batteries and **** (by aggregate value) of its requirement for Component
       parts from Seller. Excluded from this obligation is Buyer's need for new
       or developing technologies that Seller is unable to supply at competitive
       prices and in time to meet Buyer's needs.

6.     QUALITY/IMPROVEMENTS. Seller will start of maintain a JIT (just in time)
       program that includes the ability to measure and report on quality
       control and improvement processes. The JIT will include at least:

              -      On time delivery,

              -      Cost reductions,

              -      Benchmarking,

              -      Lead time reduction to meet benchmarks,

              -      Statistical process controls (SPC) in critical process
                     areas, and

              -      Inventory reduction.

       6.1    Seller will start and/or maintain a continuous improvement
       strategy for product quality, cost, delivery, inventory reduction, and
       service.

       6.2    Seller will have in place goals to improve performance for:

              -      QUALITY to reduce Buyer's rejections of products to less
                     than ***** PPM by the end of the initial one-year term of
                     this Agreement. Beginning in the second year of this
                     Agreement, the goal will be less than ***** PPM. Beginning
                     in the third year of this Agreement, the goal will be less
                     than *** PPM. The benchmark performance will be no more
                     than *** PPM line fallout rejections found during Seller's
                     processing without Buyer's inspection being needed.

              -      DELIVERY to be 100% on time (up to three days early and
                     zero days later).

       6.3    Time is of the essence for purposes of this Agreement.

       6.4    Seller will start and/or maintain a quality system or plan that
       meets the requirements of ISO-9000.

       6.5    Upon request by Buyer or Seller, Seller will participate, or be
       permitted to participate, in early supplier involvement with Buyer for
       Buyer's new products of the typo specified in this Agreement. Buyer will
       provide Seller with sufficient information and cooperation in connection
       therewith to permit Seller to qualify product for sale to Buyer.

       6.6    Seller will meet with Buyer on a regular basis to review programs,
       performance measurements, and barriers to progress. Seller and Buyer will
       mutually agree on taking actions to correct problems and eliminate
       barriers.

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7.     COMMUNICATION. Seller and Buyer will conduct quarterly reviews to
       facilitate the purposes of this Agreement. Also, Buyer will inform Seller
       of Buyer's planned production rates for the products to help Seller in
       its planning. Until further notice, the key people who will be
       responsible for routine communications between Seller and Buyer are:

       For Seller:   ******************************************
                     ***********************************************
                     ***************************************

       For Buyer:    *****************************
                     *********************************************

8.     BUYER'S DRAWINGS AND DESIGNS. Seller will use only drawings that have
       been mutually agreed upon to manufacture the products. Seller will never
       make or sell any products using Buyer's designs for anyone other than
       Buyer.

9.     CONFIDENTIAL INFORMATION.

       9.1    TREATMENT OF PROPRIETY INFORMATION. Each of WGL and Buyer (each a
       "receiving party") agrees to maintain all proprietary information
       disclosed by the other party to this Agreement (each a "disclosing
       party") in strict secrecy and confidence, and not to disclose such
       proprietary information to any third party, nor make any use of such
       information and technology for its own benefit or gain other than in
       carrying out its efforts under this Agreement. The receiving party agrees
       to have its employees sign agreements, or to have an appropriate
       corporate policy in effect, which requires them to keep confidential any
       proprietary information they learn in their positions at the receiving
       party; these agreements and/or policies shall require them to maintain
       confidentiality of proprietary information disclosed by the disclosing
       party. The receiving party further agrees that no proprietary information
       or materials will be supplied to any other corporation, partnership,
       laboratory, or individuals other than those approved in writing by the
       disclosing party, with the exception of disclosure to the FDA and similar
       regulatory agencies of information relative to obtaining regulatory
       approval.

       9.2    LIMITED RELEASE. The receiving party shall be released from the
       obligations of Section 9.1 to the extent that any of the disclosed
       information: (a) was already part of the public domain at the time of the
       disclosure by the disclosing party; (b) becomes part of the public domain
       through no fault of the receiving party (but only after and only to the
       extent that it is published or otherwise becomes part of the public
       domain); (c) was in the receiving party's possession prior to the
       disclosure by the disclosing party and was not acquired, directly, or
       indirectly, from the disclosing party or from a third party who was
       under a continuing obligation of confidence to the disclosing party; (d)
       is received (after the disclosure by the disclosing party) by the
       receiving party from a third party who did not require the receiving
       party to hold it in confidence and did not acquire it directly or
       indirectly from the disclosing party under a continuing obligation

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       of confidence; or (e) is disclosed by the receiving party pursuant to
       judicial  compulsion, provided that the disclosing party is notified
       at the time such judicial action is initiated. In addition,
       notwithstanding Section 9.1, Seller may provide proprietary
       information of Buyer to its subcontractors and vendors without Buyer's
       prior approval provided that WGL first requires may such subcontractor
       or vendor to sign a confidentiality agreement which requires them to
       keep confidential such Buyer information and not to use it except for
       the purpose of performing their obligations to Seller.

       9.3    TERM OF OBLIGATION. The obligation of the receiving party to
       receive and hold information disclosed by the disclosing party in
       confidence, as required by this Section 9, shall terminate eight (8)
       years from the date of disclosure of the information hereunder and
       shall survive  any earlier termination of this Agreement.

       9.4    DISPOSAL UPON TERMINATION. In the event this Agreement is
       terminated, any samples, sketches, or other proprietary material
       provided by the disclosing party to the receiving party shall be
       destroyed or returned to the disclosing party, unless and to the
       extent such materials are necessary to the receiving party to provide
       continuing support.

10.    OTHER PROVISIONS.

       10.1   RELATIONSHIP OF THE PARTIES. There is no principal-agent
       relationship between the parties. Neither party will have any
       authority to contract, bind, or act on behalf of the other, and
       neither party will try to do so.

       10.2   SEPARABILITY AND WAIVER. If any part of this Agreement is not
       legally enforceable, only that part will be disregarded and the rest
       will stay in effect. If a party waives a particular term or condition,
       it will be for one time only, it will not change the Agreement, and
       the same term or condition can be enforced again later.

       10.3   ENDRE AGREEMENT; CHANGES. This Agreement contains the entire
       understanding of the parties regarding this subject and replaces all
       previous agreements. There are no written or oral agreements,
       understandings, or representations apart from this Agreement. This
       Agreement cannot be changed in any way except by a written document
       that both parties sign. No interference will be drawn from any
       difference between this Agreement and any prior negotiations, letters
       of intent, or drafts of this Agreement.

       10.4   NOTICES. Notices under this Agreement must be in writing. A party
       can send notice by U.S. certified or express mail, by express courier
       service (e.g., Federal Express), or by telephone fax to the other
       party, addressed as follows:

                 To Buyer at:

                 Dan Starks

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                 President & CEO
                 St. Jude Medical Cardiac Rhythm Management Division
                 15900 Valley View Court
                 Sylmar, California 91392-9221

                 To Seller at:

                 Edward F. Voboril
                 President & CEO
                 Wilson Greatbatch Ltd.
                 10000 Wehrle Drive
                 Clarence, NY 14031

              or to whatever other address a receiving party may specify from
              time to time. The parties will consider that notice is given at
              the end of two business days after it is faxed, and/or five
              business days from the date it is deposited postage prepaid in
              the mail or given to an express courier service. A written
              receipt will be proof of delivery if it is signed by an
              authorized representative of the receiving party at the address
              above.

       10.5   EFFECT OF TERMINATION. Expiration or termination of this
              Agreement shall not affect or cause the release of monetary
              obligation which shall have accrued prior to such termination,
              and the parties obligations under Sections 9 and 10 and
              Sections 3 and 6 of Exhibit A shall continue in effect until
              fully satisfied.

       10.6   PUBLIC ANNOUNCEMENTS. Notwithstanding anything to the contrary
       contained in this Agreement, neither party may initiate or make any
       public announcement or other disclosure concerning the terms and
       conditions or the subject matter of this Agreement to any third party
       without the prior written approval of the other party except as may be
       required by law. In those circumstances where either party believes
       that any such disclosure is required by law, it shall (a) notify the
       other party on a timely basis in advance and (b) use its best efforts
       to seek confidential treatment of the material provisions of this
       Agreement to the greatest extent permitted by law.

       10.7   LAW. California law will govern this Agreement and its
       interpretation, as well as the rights and duties of the parties.

IN WITNESS OF THIS AGREEMENT, the parties have signed below by their
authorized officers:

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<TABLE>

<S>                                <C>
PACESETTER, INC.                   WILSON GREATBATCH, LTD.

By: /s/ James Reynolds             By: /s/ Edward F. Voboril
   -----------------------------      -------------------------------
     James Reynolds                     Edward F. Voboril

Title: Vice President, Materials   Title: President and CEO
      --------------------------         ----------------------------

Date: 5-24-2000                    Date: 5-24-2000
      --------------------------        -----------------------------

</TABLE>

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                                  EXHIBIT A
                                     TO
                         SUPPLIER PARTNERING AGREEMENT

This Exhibit A sets forth the general terms and conditions of sale for all
products sold by Seller to Buyer pursuant to the Agreement to which it is
attached.

1.     DEFINITIONS. For purposes hereof, the following terms shall have the
       defined meanings set forth below:

       1.1    "AGREEMENT" means the Supplier Partnering Agreement to which
       this "Exhibit A" is attached.

       1.2    "BATTERIES" means all batteries and other power sources sold by
       Seller under this Agreement.

       1.3    "COMPONENTS" means all other products sold by Seller to Buyer
       under this Agreement.

       1.4    "CONSIGNMENT PRODUCTS" means all Batteries and Components
       consigned by Seller under this Agreement.

2.     ORDER, DELIVERY, PAYMENT, INSPECTION.

       2.1    ORDERS. All products shall be ordered by Buyer using Buyer's

       standard purchase order form which shall set forth, at a minimum, the
       quantity of products ordered, the address of the facility of Buyer (or
       its affiliate) to which product should be shipped and requested
       delivery dates.

       2.2    PAYMENT TERMS. Payment terms are as follows: (a) for
       Consignment Products purchased by Buyer, by the thirtieth (30th) day
       after the day on which Consignment Products shall have been withdrawn
       by Buyer or (b) for all other Batteries and Components purchased by
       Buyer, net 30 days from the date of the invoice, F.O.B. Clarence, NY
       or point of shipment, whichever is applicable. Payment terms for
       tooling and engineering charges are net 30 days from the date of the
       invoice.

       2.3    DELIVERY. Except for any Consignment Products, Seller shall
       deliver Products to Buyer's facility at Valley View Court in Sylmar,
       California, and/or to such other location(s) as Buyer may designate.
       Unless Buyer gives Seller written instructions as to the method of
       shipment and carrier, Seller shall select the methods of shipment and
       the carrier for the respective purchase order. Seller shall prepay
       transportation and similar charges upon shipment. Except for
       Consignment Products, title to all Products conforming to Buyer's
       purchase order shall pass, free and clear of all encumbrances, at the
       FOB shipping point, which shall be Seller's facility. Buyer

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       assumes and agrees to bear all risk of damage or loss to the goods
       after delivery by Seller to the carrier at the FOB shipping point.
       Buyer hereby releases Seller from any and all claims and liability
       with respect to any such in-transit damages or losses to the goods.
       Buyer shall be responsible for securing insurance coverage to cover
       shipments and deliveries hereunder.

       2.4    INSPECTION. Seller shall perform testing to ensure that
       Products delivered by Buyer meet all applicable specifications. Buyer
       inspection of incoming Products will rely upon Seller testing and may
       consist of an examination of Seller's testing documentation as well as
       independent testing by Buyer. Notwithstanding the foregoing, Buyer
       shall attempt to inspect all products (including the Consignment
       Products) within thirty (30) days, but not to exceed sixty (60) days,
       and notify Seller if any of the products fail to meet Buyer's
       specifications and quality standards for such products.

       2.5    ACCEPTANCE. Buyer may reject any shipments or deliveries of
       products which are short, nonconforming, defective or deficient and
       may request correction and/or replacement. Rejected shipments or
       deliveries of products shall at the request of Seller be set aside for
       Seller inspection, or at the request of Seller shipped freight prepaid
       to Seller. All products returned to Seller shall be accompanied by a
       copy of their original shipping documents and the name and phone
       number of the person at Buyer to be contacted regarding such return.
       Promptly upon receipt of notice of such shortage, non-conformance,
       defect or deficiency, Seller shall immediately notify Buyer:

              (a)    as to how Seller will replace the defective or deficient
              products upon return to Seller, ship replacement products, or
              otherwise promptly correct such shortage, non-conformance, or
              deficiency; and/or

              (b)    whether such shipment of products shall be set aside and
              held by Buyer or returned to Seller and the address to which
              such affected products should be returned, or whether such
              products should otherwise be disposed of.

       If Buyer elects to cancel or rescind such purchase, Seller shall
       promptly refund and reimburse Buyer the price paid by Buyer for such
       purchase, including freight and shipping costs incurred by Buyer in
       such purchase, prior to the return of the same to Seller. If Buyer
       elects to have the product replaced, Seller shall bear or shall
       reimburse Buyer for all costs and expenses incurred by Buyer to
       repackage, ship and return affected products to Seller and shall issue
       a credit memo for the amount of the purchase price of the returned
       products.

       2.6    FORCE MAJEURE. In the event of fire, explosion, strikes, war,
       act of any governmental agency, material or labor shortage,
       transportation contingency, act of God or any other causes beyond the
       control of Seller ("Force Majeure"), Seller shall not be liable for
       any delay in shipment or non-delivery of Batteries or Components
       covered by this Agreement arising from Force Majeure, and Buyer shall
       be bound to accept the delayed shipment or delivery made within a
       reasonable time. In the event of Force Majeure, Buyer shall be excused
       for the failure to take and pay for Batteries or Components ordered
       under this

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       Agreement, until such Force Majeure condition is removed. In the event
       such conditions cannot be corrected by the party affected within six
       (6) months of the occurrence of a Force Majeure event, then the other
       party shall have the option to terminate this Agreement upon one (1)
       month prior notice.

3.     WARRANTY. LIMITATION OF LIABILITY.

       3.1    Battery Warranty. Seller warrants that the Batteries delivered
       to Buyer will be free from defects in materials and workmanship at the
       time of sale. Seller's sole obligation under this warranty is the
       replacement of any Battery which is defective without charge. SELLER
       MAKES NO OTHER WARRANTY WITH RESPECT TO THE BATTERIES, WRITTEN OR
       ORAL, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
       MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. BUYER EXPRESSLY
       ASSUMES ALL LIABILITY ARISING FROM OR IN CONNECTION WITH THE USE OF
       THE BATTERIES PURCHASED HEREUNDER, WHETHER BASED ON CONTRACT,
       WARRANTY, TORT OR OTHERWISE AND AGREES TO HOLD SELLER HARMLESS FROM
       SUCH CLAIMS.

       3.2    COMPONENT WARRANTY.

              (a)    Seller warrants that each of the Components delivered to
       Buyer will meet all applicable specifications and will be free from
       defects in materials and workmanship at the time of sale. Seller's
       sole obligation under this Warranty is the repair or replacement, at
       its election, of any Component which is found, upon Seller's
       inspection not to meet such warranty. Such product will be repaired or
       replaced without charge provided that, (1) prior written approval is
       required before returning any product, and (2) any product return sent
       to Seller without prior written approval will be returned to the
       sender, freight collect.

              (b)    This Warranty does not apply to depletion, wear and/or any
       failure occurring as a result of any of the following: normal use,
       abuse, misuse, any alteration or modification made to any Component
       without the express written consent of Seller, attempted disassembly,
       neglect, improper installation, of any other use inconsistent with any
       applicable law, rule, regulation or governmental directive, or any use
       inconsistent with the specifications or warning or recommended
       operating practices specific to the Component.

              (c)    THE WARRANTY SET FORTH IN THIS SECTION 3.2 IS IN LIEU OF
       ALL OTHER WARRANTIES (EXCEPT OF TITLE), EXPRESSED, IMPLIED OR
       STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR
       A PARTICULAR PURPOSE.

       3.3    LIMITATION OF LIABILITY. THE REMEDIES OF BUYER IN THE WARRANTY
       SET FORTH IN SECTION 3.1 WITH RESPECT TO BATTERIES AND IN THE WARRANTY
       SET FORTH IN SECTION 3.2 WITH RESPECT TO COMPONENTS ARE EXCLUSIVE, AND
       THE TOTAL LIABILITY OF SELLER WITH RESPECT TO ANY BATTERY OR ANY
       COMPONENT SOLD TO BUYER UNDER THIS

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       AGREEMENT, OR FROM DELIVERY, INSTALLATION OR REPAIR COVERED BY OR
       FURNISHED UNDER ANY SALE TO BUYER, WHETHER BASED ON CONTRACT,
       WARRANTY, NEGLIGENCE, INDEMNITY, STRICT LIABILITY, OR OTHERWISE, SHALL
       NOT EXCEED THE PURCHASE PRICE OF THE PRODUCT UPON WHICH SUCH LIABILITY
       IS PLACED. SELLER SHALL IN NO EVENT BE LIABLE TO BUYER OR TO ANY
       SUCCESSOR IN INTEREST OR ANY BENEFICIARY OR ASSIGNEE THEREOF RELATING
       TO THE SALE OF ANY BATTERY OR ANY COMPONENT FOR ANY CONSEQUENTIAL,
       INCIDENTAL, INDIRECT, SPECIAL OR PUNITIVE DAMAGES ARISING OUT OF SUCH
       SALE OR ANY DEFECTS IN, OR FAILURE OF, OR MALFUNCTION OF THE PRODUCT
       UNDER SUCH SALE, INCLUDING BUT NOT LIMITED TO, DAMAGES BASED UPON LOSS
       OF USE, LOST PROFITS OR REVENUE, INTEREST, LOST GOODWILL, INCREASED
       EXPENSES AND/OR CLAIMS OF CUSTOMERS OF BUYER, WHETHER OR NOT SUCH LOSS
       OR DAMAGE IS BASED ON CONTRACT, WARRANTY, NEGLIGENCE, INDEMNITY,
       STRICT LIABILITY OR OTHERWISE.

4.     COMPLIANCE WITH LAW.

       4.1    VIOLATION OF LAW. Buyer and Seller shall each strictly observe
       and comply with all federal and local laws and regulations which may
       govern the manufacture, sale, handling and disposal of any products
       herein specified. Violation of any such law or regulation may be
       viewed as a breach of the Agreement, and may be cause for termination
       or suspension of sales thereunder. Nothing herein shall be construed
       to allow either party the right to cancel this Agreement for any
       inadvertent error or minor violation of any law or regulation by the
       other party.

       4.2    GOOD MANUFACTURING PRACTICES. Products shall be manufactured
       and tested by Seller in accordance with all applicable U.S. laws and
       United States Food and Drug Administration (FDA) regulations,
       including but not limited to the FDA's current Good Manufacturing
       Practice regulations in effect at the time of such manufacture or
       testing. Seller shall notify Buyer of any FDA inspection of its
       production facilities used to manufacture any products and shall
       furnish Buyer with copies of any Form 483 report and Establishment.
       Inspection Reports to the extent that they apply to any product.

       4.3    FDA COMPLIANCE. During the term of this Agreement Buyer shall
       have responsibility for obtaining at its expense, in its name and at
       its discretion any necessary device regulatory approvals from the U.S.
       Food and Drug Administration (i.e. PMA's or 501 (k)'s as the case may
       be), and applicable regulatory agencies of such other countries in
       which product incorporating the Batteries or Components will be sold.
       Seller shall supply Buyer will all documents, instruments,
       information, reports and advice and general assistance as is necessary
       to complete, and as is reasonable requested by Buyer in connection
       with such regulatory approval efforts.

       4.4    SELLER COMPLIANCE. Upon not less than three (3) business days'
       notice,  Seller will provide such Buyer personnel as Buyer reasonably
       deems appropriate with reasonable

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       access from time to time to Seller's facilities and records for the
       purpose of confirming Seller's compliance with requirement as noted in
       this Section 4, and for the further purpose of confirming, if
       reasonably deemed necessary by Buyer, Seller's compliance with
       applicable specification for Batteries and Components.

5.     CONSIGNMENT. If Buyer requests Seller to consign any products to
       Buyer, the following terms and conditions shall apply:

       (a)    Consignment Products shall be delivered to Buyer locations at
       which Buyer will use the products, based upon information supplied by
       Buyer to Seller. However, Seller shall have the option not to make any
       such shipment unless Buyer shall have paid all sums owing with respect
       to all previous quantities of products purchased by Buyer.

       (b)    Seller shall use Federal Express or UPS or other recognized
       courier services to ship Consignment Products, as directed by Buyer,
       and shall charge Buyer's account with such courier service.
       Consignment Products shall be received by Buyer and stored by Buyer as
       Seller's property. All charges and expenses for receiving, handling,
       and storing such material shall be paid by Buyer. The Consignment
       Products in all cases shall be carefully segregated from other goods
       either of the same or different character belonging either to Buyer or
       to any third person, shall be marked as Seller's property, and shall
       be stored in an area in Buyer's facilities separate from and not
       mingled with other goods of Buyer or of any third person.

       (c)    Buyer shall inspect all Products (including the Consignment
       Products) and notify Seller within one month if any of the Products
       fail to meet Buyer's specifications and quality standards for such
       Products.

       (d)    Buyer shall comply with all laws which might in any way affect
       Seller's ownership of the Consignment Products from time to time
       stored in Buyer's facility(s) and shall indemnify and hold harmless
       Seller from and against all loss, damage, and expense arising out of
       any levy, attachment, lien or process involving the Consignment
       Products. Buyer shall be responsible for, and shall indemnify Seller
       against, any loss or shrinkage in the quantity of the Consignment
       Products while so stored, whether such loss or shrinkage is caused by
       theft or pilferage or by fire, flood, tornado or other similar
       catastrophe. Buyer shall purchase and maintain insurance covering all
       such losses and naming Seller as additional insured.

       (e)    Buyer shall keep at all times a complete list or inventory of
       the Consignment Products so stored, copies of which list shall be
       furnished to Seller upon request. Upon not less than three (3)
       business days prior notice, Seller's representatives shall have
       reasonable access to the Consignment Products at Buyer's facilities
       for the purpose of verifying such lists or inspecting the condition of
       Consignment Products.

       (f)    All public charges, whether in the nature of sales,
       occupational or other taxes or assessment or license fee, which shall
       be levied or assessed against the Consignment Products

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       at Buyer's facilities, or against Buyer or Seller by reason hereof, by
       any federal, state or municipal authority, shall be paid by Buyer.

       (g)    All Consignment Products shall remain the property of Seller
       and shall be held by Buyer as such until withdrawn from the consigned
       stock and purchased by Buyer pursuant to this Agreement. Buyer will
       withdraw products from the inventory of Consignment Products on a
       first-in-first-out basis for each product model.

       (h)    From time to time, as Buyer shall purchase Consignment Products
       from Seller, it may withdraw the Consignment Products so purchased
       from Seller's consigned stock of the products at Buyer's facility(s).
       Upon each such withdrawal for purchase by Buyer pursuant to this
       Agreement, title to the Consignment Products so withdrawn shall pass
       to Buyer.

6.     OBLIGATIONS UPON TERMINATION.

       (a)    Upon expiration of this Agreement for any reason whatsoever or
       if Buyer changes the model mix of, or discontinues, any Batteries or
       Components which it requires, Buyer shall purchase, or be deemed to
       have purchased from Seller, all of the remaining Consignment Products
       located at a Company facility, which met Buyer's specifications and
       quality standards at the time of receipt, as of the date of expiration
       or termination, at the prices in effect at such time. Payment shall be
       made in accordance with Section 2.2.

       (b)    Upon expiration or termination of this Agreement for any reason
       whatsoever or if Buyer changes the model mix of, or discontinues, any
       Batteries or Components which it requires, Buyer agrees to purchase,
       within six (6) months, all Batteries and Components that Seller then
       holds either (i) as finished inventory or (ii) work-in-progress
       ("WIP") up to the maximum amount of inventory that Seller is required
       to maintain under Section 4 of the Agreement (provided, however that,
       for any WIP, Buyer shall only be required to reimburse Seller for the
       cost of any such material that Seller cannot reasonably use for other
       products).

7.     NEW TECHNOLOGY.

       7.1    During the Initial Term of this Agreement and any extension
       thereof, Seller agrees, subject to Section 7.2 and 7.3 below, to
       offer, develop and manufacture for, and to sell to, Buyer new
       Batteries and Components for Buyer's products incorporating any
       technology or intellectual property (collectively, "Technology") for
       such Batteries and Components which Seller now possesses or may
       hereafter develop or acquire, provided that Seller is not otherwise
       restricted by law or contract (due to intellectual property rights
       owned by third parties or designs the development of which were paid
       for in whole or in part by a customer) from selling products
       incorporating such Technology to Buyer ("New Products"). All New
       Products shall be subject to and covered by this Agreement (subject to
       Sections 7.2 and 7.3).

       7.2    With respect to any new Battery for a defibrillator product of
       Buyer (each, a "New Defibrillator Battery"), the parties agree that
       the pricing for any such New Defibrillator Battery shall be set by
       Seller as follows:

                                      12

<PAGE>

              7.2.1  for non-SVO technology, Seller's pricing to Buyer for such
       a New Defibrillator Battery will not exceed ****, which price will be
       reduced by **** ******* ************ in which Seller shall have
       delivered such a New Defibrillator Battery.

              7.2.2  for SVO technology, Seller's pricing to Buyer for such a
       New Defibrillator Battery will not exceed ****, which price will be
       reduced by ********* *********** in which Seller shall have delivered
       such a New Defibrillator Battery.

       7.3    For any new Product developed under this Section 7 for Buyer
       other than a New Defibrillator Battery, the parties agree to negotiate
       pricing for such New Product in good faith.

8.     CONTINUITY OF SUPPLY. Seller acknowledges that Buyer has certain
       concerns regarding the continuity of its supply source for Batteries
       and Components in the event that a change of control occurs with
       respect to Seller. In that regard, Seller agrees as follows:

       8.1    This agreement is binding on Seller's successor and assigns.

       8.2    In the event that Seller sells all or substantially all of its
       assets to any third party, Seller shall require any such purchaser to
       assume and agree to perform all of Seller's obligations under and for
       the term of this Agreement.

       8.3    In addition, Seller agrees that, in connection with any sale of
       a controlling interest of Seller to any direct competitor of Buyer
       ("Acquiror"). Seller will notify any such potential Acquiror of its
       obligations under this Agreement.

       8.4    "Controlling interest" means:

              8.4.1  The acquisition by a competitor of Buyer of twenty-five
              percent (25%) or more of any class of securities of Seller;

              8.4.2  The acquisition by a competitor of Buyer of a right
              (whether by means of warrants, options, or otherwise) to acquire
              twenty-five percent (25%) or more of any class of securities of
              Seller;

              8.4.3  The granting of a right to representation of the Seller's
              board of directors to a competitor of Buyer (or a director,
              officer, employee, or agent of a competitor of Buyer) or the
              election to Seller's board of directors by a competitor of
              Buyer (or director, officer, employee or agent of a competitor
              of Buyer); or

              8.4.4  The establishment by the Seller of a joint venture in
              which a competitor of Buyer owns ten percent (10%) or more of
              any class of securities or has a right to ten percent (10%) or
              more of the profits of the venture.

                                      13

<PAGE>

       9.     OPTION TO EXTEND THE AGREEMENT. Buyer shall have the option to
       extend the terms of this Agreement beyond the Initial Term for a
       period of two (2) years ("Option Extension Period") by delivering
       written notice to Seller not less than sixty (60) days prior to the
       extension date. The Option Extension Period, however, is subject to
       all of the following conditions:

       9.1    *****************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************

       9.2    *****************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************

       9.3    *****************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************

       9.4    *****************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************
       ************************************************************************

       9.5    Seller and Buyer will cooperate and negotiate in good faith in
       connection  with allocating the aggregate price increases permitted by
       Buyer under Section 9.1(b) among individual Batteries and Components to
       be purchased by Buyer during the Option Extension Period.

                                      14

<PAGE>

                                      EXHIBIT B

                            PRICING AND INVENTORY LEVEL

The firm, fixed prices for Components are set forth on Attachment 1 to this
Exhibit B and for Batteries are set forth on Attachment 2.

*******************************************************************************
*******************************************************************************
*******************************************************************************

                                      15

<PAGE>

                            EXHIBIT B - ATTACHMENT 1
                     WILSON GREATBATCH & GREATBATCH HITTMAN
                                COMPONENT PARTS
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                                                      UNIT PRICE
                                                      6/1/00 THRU   % INVENTORY
    P/N            DESCRIPTION           12 MO EAU      12/30/01    REQUIREMENT
--------------------------------------------------------------------------------
<S>           <C>                        <C>          <C>           <C>
6041534-099   ***********                 *******     $   *******        25%
--------------------------------------------------------------------------------
5015435-001   *****************           *******     $   *******        25%
--------------------------------------------------------------------------------
6041701-001   *******************         *******     $   *******        25%
--------------------------------------------------------------------------------
6041702-001   ****************            *******     $   *******        25%
--------------------------------------------------------------------------------
6041700-002   ******************          *******     $   *******        25%
--------------------------------------------------------------------------------
6041641-003   ********************        *******     $   *******        25%
--------------------------------------------------------------------------------
6041641-004   ***********************     *******     $   *******        25%
--------------------------------------------------------------------------------
7001630-001   *********************       *******     $   *******        25%
--------------------------------------------------------------------------------
7001441-012   ******************          *******     $   *******        25%
--------------------------------------------------------------------------------
6041696-002   ********                    *******     $   *******        25%
--------------------------------------------------------------------------------
6041504-099   **********                  *******     $   *******        25%
--------------------------------------------------------------------------------
6041697-001   *****                       *******     $   *******        25%
--------------------------------------------------------------------------------
6041556-001   **************              *******     $   *******        25%
--------------------------------------------------------------------------------
6041266-002   ************                *******     $   *******        25%
--------------------------------------------------------------------------------
3000909       *******************         *******     $   *******        25%
--------------------------------------------------------------------------------
3000881       *********************       *******     $   *******        25%
--------------------------------------------------------------------------------
3000885       ********                    *******     $   *******        25%
--------------------------------------------------------------------------------
3000899       ****************            *******     $   *******        25%
--------------------------------------------------------------------------------
3000622       **************              *******     $   *******        25%
--------------------------------------------------------------------------------
3000884       ************                *******     $   *******        25%
--------------------------------------------------------------------------------
3000621       **************              *******     $   *******        25%
--------------------------------------------------------------------------------
8001512       *****************           *******     $   *******        25%
--------------------------------------------------------------------------------
3001242       *********                   *******     $   *******        25%
--------------------------------------------------------------------------------
3001193       **********                  *******     $   *******        25%
--------------------------------------------------------------------------------
8000831       ************                *******     $   *******        25%
--------------------------------------------------------------------------------
8008873       ****************            *******     $   *******        25%
--------------------------------------------------------------------------------
8008556       *********************       *******     $   *******        25%
--------------------------------------------------------------------------------
</TABLE>

                                      1

<PAGE>

                               EXHIBIT B - ATTACHMENT 2
                       WILSON GREATBATCH & GREATBATCH HITTMAN
                                     BATTERIES
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
PART NUMBER        DESCRIPTION             12 MO EAU        UNIT PRICE 6/1/00 THRU          % INVENTORY
                                                                 12/30/01                   REQUIREMENT
--------------------------------------------------------------------------------------------------------------------
                                          PACER BATTERIES
--------------------------------------------------------------------------------------------------------------------
<C>               <S>                     <C>              <C>                           <C>
1120009-001         ********                 ******           $           ******                  0
--------------------------------------------------------------------------------------------------------------------
1120036-001         ********                 ******           $           ******                  0
--------------------------------------------------------------------------------------------------------------------
1120043-001         ********                 ******           $           ******                  0
--------------------------------------------------------------------------------------------------------------------
1120065-001         ********                 ******           $           ******                  0
--------------------------------------------------------------------------------------------------------------------
1120052-001         ********                 ******           $           ******                  25
--------------------------------------------------------------------------------------------------------------------
1120052-001         ****************         ******           $           ******                  25
--------------------------------------------------------------------------------------------------------------------
TBD                 ****************         ******           $           ******                  0
--------------------------------------------------------------------------------------------------------------------
1120055-001         **************           ******           $           ******              10% (4 WKS. CONSIGNMENT
                                                                                                  STOCK AT VEDDESTA)
---------------------------------------------------------------------------------------------------------------------
1120056-001         **************           ******           $           ******              10% (4 WKS. CONSIGNMENT
                                                                                                STOCK AT VEDDESTA)
---------------------------------------------------------------------------------------------------------------------
                                         ICD BATTERIES
---------------------------------------------------------------------------------------------------------------------
3001015             **************            ******          $            ******                 25
---------------------------------------------------------------------------------------------------------------------
8001556             **************            ******          $            ******                  0
---------------------------------------------------------------------------------------------------------------------
8006260             **************            ******          $            ******                 25
---------------------------------------------------------------------------------------------------------------------
1120503-001         **************            ******          $            ******                  0
---------------------------------------------------------------------------------------------------------------------
TBD                 ************              ******          $            ******                  0
----------------------------------------------------------------------------------------------------------------------
10003678            *********                 ******          $            ******                  0
----------------------------------------------------------------------------------------------------------------------
                                         CFX BATTERIES
----------------------------------------------------------------------------------------------------------------------
TBD                 **********                                 $            ******                 0
----------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------
</TABLE>

                                           1

<PAGE>

                            EXHIBIT B - ATTACHMENT 1
                     WILSON GREATBATCH & GREATBATCH HITTMAN
                                COMPONENT PARTS
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
                                                      UNIT PRICE
                                                      6/1/00 THRU    % INVENTORY
    P/N            DESCRIPTION           12 MO EAU     12/30/01      REQUIREMENT
--------------------------------------------------------------------------------
<S>           <C>                        <C>          <C>            <C>
8008555       ********************        *******     $   *******        25%
--------------------------------------------------------------------------------
8008554       **********************      *******     $   *******        25%
--------------------------------------------------------------------------------
3001236       *********                   *******     $   *******        25%
--------------------------------------------------------------------------------
7001630-003   *******************         *******     $   *******        25%
--------------------------------------------------------------------------------
1080357-002   **********                  *******     $   *******         0%
--------------------------------------------------------------------------------
8001713       *********                   *******     $   *******         0%
--------------------------------------------------------------------------------
1080376-001   ******************          *******     $   *******         0%
--------------------------------------------------------------------------------
1080438-001   **********************      *******     $   *******         8%
--------------------------------------------------------------------------------
TBD           ********************        *******     $   *******        25%
--------------------------------------------------------------------------------
63-27-659     *****************           *******     $   *******        10%
--------------------------------------------------------------------------------
63-27-634     *******************         *******     $   *******        10%
--------------------------------------------------------------------------------
6041783-097   ****************            *******     $   *******        25%
--------------------------------------------------------------------------------
6041706-002   **************              *******     $   *******        25%
--------------------------------------------------------------------------------
64-16-759     **********                  *******     $   *******         0
--------------------------------------------------------------------------------
62-02-506     ************                *******     $   *******         0
--------------------------------------------------------------------------------
60-83-997     *********************       *******     $   *******        10%
--------------------------------------------------------------------------------
64-16-825     *********************       *******     $   *******        10%
--------------------------------------------------------------------------------
61-12-523     ************                *******     $   *******        10%
--------------------------------------------------------------------------------
</TABLE>

Note:  Revision level determined by individual Purchase Orders

       The "Inventory Requirement" can be processed to completion and shipped
       within 5 calendar days.

       Seller inventories will be replenished within a period of 40 calendar
       days.

       Seller's obligation to maintain inventory is limited to the level
       reflected in "Inventory Requirement" column.

                                          -------------------------------------

                                      2

<PAGE>

Note: Revision level determined by individual Purchase Orders
      The "Inventory Requirement" can be processed to completion and shipped
      with 5 calendar days.
      Seller inventories will be replenished within a period of 40 calendar
      days.
      Seller's obligation to maintain inventory is limited to the level
      reflected in the "Inventory Requirement" column.
      'CFX pricing - Stainless steel case:

                        Quantity                   Unit Price

                        *********                    ********
                        *********                    ********
                        *********                    ********
                        *********                    ********
                        *********                    ********

      If annual requirements for a particular "Pacer Batter" falls below ****
      units the firm fixed price for that battery will become ********
      ****** Battery is a reduced size version of the ******
      Battery.

                                                ______________________

                                      2<PAGE>

                                                                 Exhibit 10.24

                                LICENSE AGREEMENT

Between the party

                           MEDTRONIC, INC.,

                           a Minnesota Corporation with its principal offices in
                           Minneapolis, Minnesota, U.S.A., hereinafter together
                           referred to with its Subsidiaries as "MEDTRONIC",

And the party

                           WILSON GREATBATCH LTD.,

                           a New York corporation with its principal offices in
                           Clarence, New York, U.S.A., hereinafter together
                           referred to with its Subsidiaries as "GREATBATCH",

      Dated this ___________ day of March, 1976

<PAGE>

                                    PREAMBLE

                  WHEREAS, GREATBATCH has licensing rights to certain Subject
Patents, included in APPENDIX A to this Agreement and hereafter defined,
relating to lithium iodide, or other halide, power sources and methods or
apparatus of the manufacture thereof.

                  WHEREAS, MEDTRONIC wishes to acquire a non-exclusive,
worldwide license under all of said Subject Patents to manufacture, have
manufactured, use and sell, offer for sale or otherwise make available such
lithium iodide, or other halide, power sources;

                  WHEREAS, GREATBATCH is willing to grant such a license to
MEDTRONIC on the terms and conditions expressed herein.

                  NOW, THEREFORE, in consideration of the promises the
agreements, covenants and conditions herein contained, the parties hereto
covenant and agree with each other as follows:

                                    ARTICLE I

                               DEFINITION OF TERMS

                  For the purpose of this Agreement the following terms shall
mean:

                  A. "Licensed Products" - means all power sources and any
raw materials, parts and components thereof and any methods or apparatus for
the manufacture thereof coming within the protection of claims of the Subject
Patents in the country of manufacture, use and/or sale by MEDTRONIC.
"Licensed products - Iodide" means any Licensed Product incorporating as a
raw material or component, iodine or an iodine compound. "Licensed Products -
Halide" means any Licensed Product incorporating as a raw material or
component, a halogen other than and/or addition to iodine or and iodine
compound.

                  B. "Subject Patents" - means the patents listed in APPENDIX
A; any divisions, continuations, re-issues thereof, or substitutes therefor
based upon or corresponding to

<PAGE>

the listed patents; any foreign patents corresponding thereto; and, at the
option of MEDTRONIC, any other U.S. patents and corresponding foreign patents
which may be granted for lithium iodide, or other halide, power sources and
methods or apparatus for the manufacture thereof and which GREATBATCH has the
right to include within this License Agreement while the same is in effect.

                  C. "Sold" - means billed out or delivered or the receipt of
full paument, whichever occurs first.

                  D. "Subsidiary" - means a corporation, company or any other
entity at least fifty percent (50%) or more of whose outstanding voting stock
is owned or controlled at any time during the course of this Agreement,
directly or indirectly, by a party to this Agreement, but such corporation,
company, or other entity shall be deemed a Subsidiary only so long as such
ownership or control exists.

                                 ARTICLE II

                         WARRANTIES AND REPRESENTATIONS

                  A. GREATBATCH represents and warrants that it is the sole
owner of the entire right, title and interest in and to of the Subject
Patents listed on Appendix A.

                  B. GREATBATCH represents and warrants that it has the right
to enter into this Agreement, and that there are no outstanding assignments,
claims, licenses, mortgages, agreements or understandings, express or implied,
which directly reduce the value to MEDTRONIC of the non-exclusive licenses
and rights herein granted or intended to be granted by GREATBATCH to
MEDTRONIC. It is expressly recognized that GREATBATCH has the unrestricted
right to license others under the Subject Patents.

                                 ARTICLE III

                                RIGHTS GRANTED

                  GREATBATCH hereby grants and agrees to grant to MEDTRONIC a
nonexclusive, worldwide license to manufacture, have manufactured, use and
sell, offer for sale or otherwise make available Licensed Products and to
practice methods under the Subject

<PAGE>

Patents, for the full life of enforcement thereof, including the right to
pass along licenses under the Subject Patents for use of such Licensed
Products by third parties purchasing the same from MEDTRONIC.

<PAGE>

                                   ARTICLE IV

                                  CONSIDERATION

                  A. Until the expiration of the last to expire of the
Subject Patents, MEDTRONIC shall pay to GREATBATCH, as consideration for the
rights and licenses granted herein, the following unit royalty on all
Licensed Products Sold as a Power Source to third parties, or made by or for
MEDTRONIC'S Power Source manufacturing division or Subsidiary, and accepted
by, MEDTRONIC for incorporation with a medical or other device:

                  1. Four Dollars ($4.00) for each Licensed Product-Iodide
Sold or accepted for incorporation; and

                  2. Ten Dollars ($10.00) for each Licensed Product-Halide
Sold or accepted for incorporation.

                  B. The unit royalty of four and ten dollars under part A.
1. and 2. of this ARTICLE IV shall be effective as of May 1, 1976 for the
Medtronic fiscal year ending April 30, 1977. On the first day of May for each
year thereafter that this License Agreement remains in effect, the unit
royalty then prevailing for that Medtronic fiscal year shall be adjusted by a
percentage equivalent to the percentage change in the United States
Department of Commerce cost of living index from that index prevailing on May
1, 1976, the base year for purposes of calculation.

                  C. Only one royalty payment shall accrue hereunder on
each Licensed Product even though such Licensed Product is manufactured in
accordance with or incorporates inventions covered by more than one Subject
Patent.

                  D. The aforesaid unit royalty, subject to modification as
hereafter provided is being adopted as a matter of mutual convenience,
regardless of which one(s) of the Subject

<PAGE>

Patents may be involved, and is freely accepted by the parties hereto as a
reasonable royalty for the respective Licensed Products, and for the
privilege provided MEDTRONIC to operate under any or all of the Subject
Patents.

                  E. These royalties shall be consideration attributable only
to the Subject Patents and shall be due and payable only so long as and to
the extent that the manufacture, use or sale of Licensed Products would
infringe one or more subsisting claims in any one or more issued patents in
the country of issue included in the Subject Patents, which claims have not
been abandoned, cancelled, disclaimed, expired, or awarded to another in an
interference proceeding or declared invalid or otherwise unenforceable by a
court of competent jurisdiction in a final judgment, for which no right of
appeal lies, if such Licensed Products had been made, used or sold without
authority or the owner of such patent.

                  F. If GREATBATCH hereafter grants any license to another
under any one or more of the Subject Patents with a royalty base or rate more
favorable than those granted under this license to MEDTRONIC, then from the
effective date of such more favorable license, GREATBATCH agrees that
MEDTRONIC shall be entitled to the benefit of any such more favorable base or
rate.

                  G. Should MEDTRONIC be obligated, because of a dominating
patent which necessarily would be infringed by MEDTRONIC'S exercise of the
rights and licenses granted herein, to pay any patent license fee or royalty
to a third party on sales of Licensed Products halide, then the adjusted unit
royalty payable under Part A.2. of this ARTICLE IV shall thereafter be
reduced in amount by the fee or royalty paid to such third party; however,
such reduction shall in no event cause the unit royalty to fall below the
amount of six dollars ($6.00), adjusted annually with changes in the cost of
living index in the manner specified under paragraph B of this ARTICLE IV. In
the event that a one-time payment or installment payments are made to such a
third party for a fully-paid-up license, then the adjusted unit royalty
payable under the said Part A.2. shall be reduced to the then prevailing
adjusted unity royalty payable under this paragraph G only until such third
party payment is fully credited.

<PAGE>

                                  ARTICLE V

                   REPORTS, PAYMENTS AND ROYALTY VERIFICATION

                  A. Reports and Payments - MEDTRONIC agrees to make written
summary reports to GREATBATCH within thirty (30) days after the first days of
November and May of each year during the term of this Agreement after the
Effective Date. Such reports shall state the description and number of
Licensed Products Sold to others or accepted for use by MEDTRONIC in medical
or other devices in any country under the licenses herein granted, and a
calculation of the net royalty due GREATBATCH for same during the preceding
six (6) calendar months before the date the particular report is due.
Simultaneously, with the making of such report, MEDTRONIC agrees to pay to
the order of GREATBATCH the royalties then due.

                  B. Royalty Verification - MEDTRONIC agrees to keep true and
accurate written records showing the description and number of Licensed
Products Sold to others or accepted for use by MEDTRONIC in medical or other
devices in any country, said records to be in sufficient detail to enable the
royalties payable hereunder by MEDTRONIC'S place of business and at usual
business hours to an audit by or in behalf of GREATBATCH to the extent
necessary to verify the reports hereinafter provided. Such audit shall occur
no more frequently than once during any calendar year, and it shall be made
at the expense of GREATBATCH by a Licensed Public Accountant or Certified
Public Accountant appointed by GREATBATCH. Said accountant shall be licensed
by either New York or Minnesota. No such examination shall cover a period
longer than two (2) years preceding the start of such examination nor shall
it cover any records or periods previously examined and no claim may be
asserted unless made within ninety (90) days following an examination made
pursuant to this paragraph.

<PAGE>

                  C. During the pendency of a proceeding or
litigation before a court or administrative board in any country having
competent jurisdiction over the subject matter contesting the scope, validity
or infringement of certain or all claims or any Subject Patent, MEDTRONIC
shall have the right to make all payments due under this Agreement pertaining
directly and solely to such contested patent claims into an escrow account at
the Northwestern National Bank in Minneapolis, Minnesota, pending the final,
unappealed or unappealable decision in the litigation or proceeding. When a
final decision from which no right of appeal lies is rendered the sums in the
escrow account will be disbursed to GREATBATCH if the patent claims are held
valid or infringed to the Licensed Products, the latter holding excusing
MEDTRONIC if the patent claims are held invalid or noninfringed by the
Licensed Products, the latter holding excusing MEDTRONIC from any further
obligation under ARTICLE IV with respect to the patent claims litigated.

                                 ARTICLE VI

                                  DURATION

                  A. This Agreement shall continue to the full end of the
term of the first Subject Patent to expire and may be extended by MEDTRONIC
to the full end of the terms of any or all of the Subject Patents, unless
sooner terminated in accordance with the provisions hereof, but all payments
to be rendered to GREATBATCH under the Agreement shall be calculated in
accordance with the right exercised under this License Agreement on a
country-by-country basis with respect to unexpired patents following the
successive expirations of the Subject Patents in each country.

                  B. Upon termination of this Agreement for any reason,
MEDTRONIC shall have the right to complete and dispose of those Licensed
Products which MEDTRONIC is

<PAGE>

obligated to deliver under any then existing contract, including any contract
which may result from formal bids submitted to a prospective customer
previous to such termination date where acceptance of such bids by such
prospective customer would result in a formal contractual obligation.
MEDTRONIC shall also have the right to complete and dispose of any Licensed
Product which is in the process of manufacture and to dispose of any Licensed
Product in its inventory as of the date of such termination, and to replace
and repair any Licensed Product where required to do so by a product
warranty; provided, however, that such use, sale, or other disposition shall
be subject to the payments provided for in ARTICLE IV of this Agreement.

                                   ARTICLE VII

                                    ASSIGNMENT

                  This Agreement shall inure to the benefit of and be binding
upon each of the parties hereto and their respective successors and assigns. It
may not be voluntarily assigned in whole or in part by MEDTRONIC without the
prior consent of GREATBATCH, except upon the merger, consolidation or other
transfer of all or substantially all of its assets in the power source field.
Either party may, however, assign this Agreement to its Subsidiaries without the
prior consent of the other, as long as the transferor party remains liable
hereunder, and GREATBATCH may freely assign as long as the rights of MEDTRONIC
are not adversely affected.

                                    ARTICLE VIII

                                 VALIDITY AND SCOPE

                  A. Any admission of validity of any Subject Patent that may
be implied by the acceptance of any license under any such Patent under this
Agreement is limited to the term and scope of such license. MEDTRONIC shall
not be estopped by such acceptance form

<PAGE>

contesting the validity of any Subject Patent in any country before any board
or court of competent jurisdiction.

                  B. Any final decision by a court or administrative board
declaring the validity, scope or both, of any claims of one or more of the
Subject Patents shall be binding on the parties hereto with respect to any
right or obligation under this Agreement arising out of any acts of
manufacture, use or sale, under the rights and licenses herein granted
occurring subsequent to such final decision in the country where the decision
is rendered; however, such a final decision shall not, in and of itself
terminate this Agreement. A decision is not final when subject to reversal or
modification by appeal or by certiorari.

                                  ARTICLE IX

                                  BANKRUPTCY

                  GREATBATCH shall have the right to terminate this Agreement
on occurrence of either of the following:

                  1. MEDTRONIC becomes insolvent or makes an assignment for
the benefit or creditors;

                  2. any proceeding is commenced by or against MEDTRONIC
under any bankruptcy, reorganization, arrangement, liquidation, readjustment
of debt, or moratorium law or statute and such proceeding is not dismissed
within 60 days of its institution.

<PAGE>

                                    ARTICLE X

                             TERMINATION FOR DEFAULT

                  In case of the failure of MEDTRONIC to fulfill any of its
obligations hereunder, GREATBATCH shall have the right, without limitation of
any other right it may have on account of such failure, to terminate this
Agreement by giving MEDTRONIC ninety (90) days' written notice of its
intention so to do, provided, however, that if MEDTRONIC shall remedy such
failure during such ninety (90) day period, then such notice of termination
shall be null and void; otherwise, this Agreement shall be considered as
terminated on and after the expiration of said ninety (90) day period.

<PAGE>

                                    ARTICLE XI

                              VOLUNTARY TERMINATION

                  MEDTRONIC shall have the unconditional right to terminate
forthwith any license herein granted to MEDTRONIC and/or its Subsidiaries
under any patent or patents by giving written notice to that effect to
GREATBATCH. Such termination shall be effective upon receipt of the notice by
GREATBATCH, although GREATBATCH shall have the right to receive payment at
the regular dates fixed in ARTICLE V of outstanding royalty amounts. This
Agreement shall terminate automatically without notice to either party upon
the expiration of the last to expire of the Subject Patents.

<PAGE>

                                    ARTICLE XII

                                     NOTICES

                  A. For the purposes of mailing any notice permitted or
required by this Agreement, the addresses of the parties here are as follows:

                  To MEDTRONIC:      Medtronic, Inc.
                                     3055 Old Highway Eight
                                     P. O. Box 1453
                                     Minneapolis, Minnesota 55440
                                     U. S. A.
                                     Attn:  Vice-President, Operations

                  Copy to:           Medtronic, Inc.
                                     3055 Old Highway Eight
                                     P. O. Box 1453
                                     Minneapolis, Minnesota 55440
                                     Attn:  Law Department

                  To GREATBATCH:     Wilson Greatbatch, Ltd.
                                     10,000 Wehrle Drive
                                     Clarence, New York 14031

                  B. All notices required to be given hereunder shall be
delivered by hand or shall be sent by telex, telegram or registered mail and
deemed to be given on the date that they are deposited in the post office or
transmitted by cable or telex.

                  C. Notices shall be sent to the addresses specified above
or to such addresses as the parties may hereafter notify to the other in
writing.

<PAGE>

                                  ARTICLE XIII

                                  CONSTRUCTION

                  This Agreement shall be construed and interpreted under and in
accordance with the laws of the State of Minnesota, United States of America.

                                   ARTICLE XIV

                                  MISCELLANEOUS

                  A. Nothing in this Agreement shall be construed as granting
any right or license to make, use and/or sell any product or apparatus, or
practice any method, in any place or in any manner prohibited by law.

                  B. Except as otherwise expressly provided herein, nothing
contained in or pursuant to this Agreement shall be construed as:

                  1. Granting any license or conferring any right, by
implication, estoppel or otherwise, under any technical information, patent
application or patent.

                  2. Granting any sublicensing right, it being understood, of
course, that the licence granted herein extends to use and resale of licensed
products made and sold hereunder.

                  3. Imposing any obligation to carry out or forego any
action in regard to the filing or prosecution of any patent application, the
obtaining of any patent, the maintaining of any patent in force, or the
initiation or prosecution of any interference or other contest of priority of
invention.

                  4. Imposing any obligation, or conferring any right, to
enforce any patent.

                  5. Any representation, warranty, assurance, guarantee or
inducement whatsoever with respect to quality, production, cost, profit,
demand, utility, availability or marketing of any particular product,
apparatus, part or material, damage, accidents or injury to

<PAGE>

persons or property, or infringement or contribution to infringement of
patent rights or other rights of third parties, or the changing of any design
or specification, or the validity of any Subject Patent.

                  6. Creating any obligation with respect to technical
information furnished by either party to the other except obligations as may
arise under the patent laws, unless otherwise agreed to in a separate written
document signed by a duly authorized officer.

                 C. MEDTRONIC agrees to apply an appropriate patent notice to
all Licensed Products, and to accept the reasonable suggestions of GREATBATCH
with respect thereto.

                  D. This Agreement constitutes the entire agreement between
the parties hereto with respect to the subject matter hereof and supersedes
all previous communications, representations, understandings, and agreements,
either oral or written, between the parties or any officials or
representatives thereof, with respect to said subject matter.

<PAGE>

                  IN WITNESS WHEREOF, GREATBATCH and MEDTRONIC have caused
the Agreement to be executed by their duly authorized officers and their
corporate seals to be hereunto affixed, as of the day and year first above
written.

                         MEDTRONIC, INC.

                         By  /s/ Norman Dann
                             -----------------------------------------------
                              Norman Dann
                              Senior Vice-President

                         Date:   [illegible] 76
                              ----------------------------------------------

                         Place:  [illegible]
                              ----------------------------------------------

                         WILSON GREATBATCH, LTD.

                         By:   /s/ Wilson Greatbatch  PRES
                               ---------------------------------------------

                         Date:   08 MAR 76
                               ---------------------------------------------

                         Place:  Clarence, NY
                               ---------------------------------------------

<PAGE>

                               APPENDIX A

PATENT NO.         DATE OF ISSUE                     TITLE
----------         -------------                     -----
3,723,183          March 27, 1973              Lithium Battery Enclosure
3,773,557          November 20, 1973           Solid State Battery
3,817,791          June 18, 1974               Lithium Iodine Battery
3,874,929          April 1, 1975               Lithium Iodine Battery
3,895,962          July 22, 1975               Solid State Battery

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}]]