Document:

Exhibit 10.1

    

    

    

    
      

      

      

      Commercial Business Loan Agreement for

      Term Loans and Lines of Credit

      

      

      This Agreement is dated February 21, 2018, and is between WHITNEY BANK, a Mississippi state chartered bank (“Bank”) and VIEMED, INC.,
          a Delaware corporation (“Viemed”), SLEEP MANAGEMENT, L.L.C. (“Sleep Management”), a Louisiana limited liability company, and HOME SLEEP DELIVERED, L.L.C. (“Home Sleep”), a Louisiana limited liability company (hereinafter referred to as
          “Borrower,” which term means individually, collectively, and interchangeably any, each and/or all of them).  Borrower and Guarantor, if any, and any other person who may be liable now or in the future for any portion of any Loan are referred to
          as “Obligor,” which term means individually, collectively, and interchangeably any, each and/or all of them.

       

      A.  THE LOAN OR LOANS.  Subject to the terms and conditions of
          this Agreement and provided Obligor timely and completely performs all obligations in favor of Bank contained in this Agreement and in any other agreement, whether now existing or hereafter arising, Bank will make or has made:

      

      

      LINE OF CREDIT LOAN  (the “Line of Credit,”
          which term shall include all renewals, extensions or modifications thereof) to Borrower in the maximum principal amount of Five Million and no/100 ($5,000,000.00) dollars, bearing interest at the rate of One Month ICE LIBOR plus 3.00% per annum
          from date of advance until paid, payable in monthly installments of interest only, payable in arrears, commencing on March 21, 2018, and continuing on the same day of each month thereafter, with a final payment of all principal and outstanding
          interest due and payable on February 21, 2020.  The Line of Credit shall be represented by Bank’s standard form of commercial note containing additional terms and conditions.  The term “One Month ICE LIBOR” shall have the meaning set forth in the
          commercial note executed by Borrower of even date herewith. “One Month ICE LIBOR” shall have the meaning set forth in the referenced commercial note, and, notwithstanding any other provision of this Agreement, at no time shall the interest rate
          on the referenced commercial note be less than four percent (4.00%) per annum.

      

      

      BORROWING BASE.

      

      

      (1)         Availability Under the Line of Credit.  Bank will fund the Line of Credit Loan during its term, and any renewals, extensions or modifications thereof granted by Bank, up to an
          aggregate amount not to exceed the lesser of (i) the maximum principal sum of $5,000,000.00 or (ii) the Borrowing Base, as defined below.

      

      

      (2)          Borrowing Base Terms and Definitions.

      

      

      
        
          
            (a)         “Borrowing Base” shall mean 70.0% of Eligible
                Accounts.

          

        

      

      

      

      
        
          
            (b)        “Eligible

                Accounts” shall mean total gross accounts receivable of Borrower, excluding (i)unbilled accounts receivable; (ii) credit balances; (iii) accounts receivable over 90 days from the invoice date giving rise to such account(s); (iv) progress
                billings; (v) government receivables, excluding Medicare and Medicaid receivables, which shall be allowed as Eligible Accounts; (vi) patient responsibility accounts; (vii) self-pay accounts; and (viii) related company and inter-company
                receivables.

          

        

      

      

      

      
        
          
            (c)         No Limitation on Customer Concentration and Cross-aged Accounts.   The Eligible Accounts shall not be limited or reduced by any customer
                concentration or cross-aged accounts.  The term “customer concentration” shall mean having in excess of 25% of Borrower’s Eligible Accounts with any single customer (or group of affiliated customers). The term “cross-aged account(s)” shall
                mean any account of Borrower where at least 20% of the outstanding balance of such account has aged in excess of 120 days.

          

        

      

      

      

      
        
          
            (d)         Overadvances.  “Overadvance” shall mean any circumstance where the principal amount outstanding under the Line of Credit exceeds the Borrowing
                Base.  If, at any time hereafter an Overadvance exists on the Line of Credit, without limiting the right of Bank to declare a Default,
                Borrower will immediately repay the Line of Credit by the amount of such Overadvance.

          

           

          

        

      

      
        
          

      

      
      
        
          
            (e)         Documentation.  Upon the request of Bank and each time that Borrower requests an advance on the Line of Credit Loan, Borrower shall furnish Bank
                a certificate in such form as Bank may require along with a current aging of accounts evidencing the amounts owed thereon and the parties liable thereon.

          

        

      

      

      

      LETTER OF CREDIT SUBLIMIT.  As a subfeature
          under the Line of Credit, the Bank may from time to time issue letters of credit for the account of Borrower (each a “Letter of Credit”); provided, however, that (i) the form and substance of each Letter of Credit shall be subject to approval by
          Bank in its sole and absolute discretion; (ii) Borrower shall execute and deliver any and all such applications, letter of credit reimbursement agreements and/or other documents or instruments as Bank shall require; and (iii) Borrower shall pay
          to Bank such fees as Bank normally and customarily charges for the issuance of Letters of Credit.  In addition, the aggregate drawn and undrawn amount of all outstanding Letters of Credit shall not at any time (i) exceed the total aggregate
          amount of $500,000.00; and/or (ii) exceed the remaining availability under the Line of Credit.

       

      B.  EFFECT OF AGREEMENT AND DEFINITIONS.  The promissory note or
          notes referenced in Section A above are incorporated by reference.  Such note(s) and any renewals, modifications or replacements for such note(s) and any other notes that may from time to time be delivered by Borrower to Bank are subject to the
          terms of this Agreement without further reference.  “Loan” shall collectively mean any and all loans made available to Borrower under Section A of this Agreement and all renewals, extensions or modifications therefor as well as any other loans
          made available to Borrower by Bank from time to time.  “Loan Documents” shall mean this Agreement, any other loan agreement(s), the promissory note(s) evidencing the Loan, any continuing guaranty(ies) by Obligor, any security document(s) provided
          for in this Agreement and any and all other documents by Borrower or any Obligor evidencing or securing the obligations of Borrower to Bank, direct or contingent, due or to become due, now existing or hereafter arising and any and all other
          documents evidencing or securing the obligations of Borrower to Bank, including without limitation, all agreements with respect to any swap, forward, future, or derivative transaction or option or similar agreement involving, or settled by
          reference to, one or more interest rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value. The Loan and all other obligations
          of Borrower to Bank, direct or contingent, due or to become due, now existing or hereafter arising, shall be secured by any security documents provided for in this Agreement, any collateral set forth in any promissory note executed by Borrower,
          and any other Loan Documents. “Generally Accepted Accounting Principles” means Generally Accepted Accounting Principles as set forth in the FASB Accounting
            Standards Codification as established and published by the Financial Accounting Standards Board.”  Accounting principles are applied on a “consistent basis” when the accounting principles applied in a current period are comparable in all
          material respects to those accounting principles applied in a preceding period.

       

      C.  USE OF PROCEEDS.  The proceeds from the Loan will be used
          for the following purpose(s):  working capital and general corporate purposes with a letter of credit sublimit of $500,000.00.

       

      D.  REPRESENTATIONS, WARRANTIES AND COVENANTS.  Borrower and/or
          Guarantor represents, warrants and covenants to Bank that:

       

      
        
          	

                	(1)	
                  Organization and Authorization.  Each Obligor (other than an individual) is an entity which is duly organized, validly existing and, if a corporation, in good standing under applicable laws.  Each
                      Obligor’s execution, delivery and performance of this Agreement and all other documents delivered to Bank has been duly authorized and does not violate Obligor’s articles of incorporation (or other governing documents), material
                      contracts or any applicable law or regulations.  All documents delivered to Bank are legal and binding obligations of Obligor who executed same.  Obligor shall not change Obligor’s jurisdiction of organization, domicile, name, legal
                      form, taxpayer identification number or state organization or identification number or Obligor’s type or form of organizational structure without providing Bank 30 days advance written notice thereof.

                

        

      

       

      
        
          	

                	(2)	
                  Compliance with Tax and other Laws.  Borrower shall comply, and cause each other
                      Obligor to comply, with all laws that are applicable to Borrower’s or Obligor’s business activities, including, without limitation, all laws regarding (i) the collection, payment and deposit of employees’ income, unemployment, Social
                      Security, sales and excise taxes; (ii) the filing of returns and payment of taxes; (iii) pension liabilities including ERISA requirements; (iv) environmental protection; and (v) occupational safety and health.

                

           

          

        

      

      
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                (3)

              	
                Financial Information.

              

      

       

      
        	 	
                (a)

              	
                Each Obligor (other than an individual) shall furnish to Bank:

              

      

       

      
        
          	

                	(i)	
                  Annual Statements: as soon as available, but in no event later than one hundred twenty (120) days after the close of the fiscal year (December 31st), a copy of the consolidated annual financial statements of Borrower, prepared in conformity with Generally Accepted Accounting Principles applied on a
                      basis consistent with that of the preceding fiscal year, and audited (and unqualified) by a certified by a public accountant acceptable to the Bank consisting of a balance sheet, a statement of earnings and surplus, and a statement of
                      cash flow; and

                

        

      

       

      
        
          	

                	(ii)	
                  Interim Statements: as soon as available, but in no event later than forty-five (45) days
                        after the close of each quarter of the fiscal year (March 31st, June 30th, September 30th, and December 31st), a copy of the internally prepared consolidated financial statements of Borrower as of the end of such quarter, prepared in conformity with Generally Accepted Accounting Principles applied on a basis consistent
                        with that of the preceding fiscal period, consisting of a balance sheet as of the end of such quarter and a statement of earnings and surplus for such quarter and for the year to date, all certified by an appropriate executive
                        officer of Obligor.

                

        

      

       

      
        
          	

                	(iii)	
                  Borrowing Base Certificates:  As soon as available, but in no event later than
                      20 days after the end of each month, a current borrowing base certificate,certified by an appropriate executive officer of Obligor.

                

        

      

       

      
        
          	

                	(iv)	
                  Accounts Receivable Aging:  As soon as available, but in no event later than 20
                      days after the end of each month, a current accounts receivable agingreport, certified by an appropriate executive officer of Obligor.

                

        

      

       

      
        
          	

                	(b)	
                  All financial statements and financial information submitted to Bank in accordance with this Agreement shall include, among other things, detailed information regarding
                      (i) any entities, such as corporations, partnerships, or limited liability companies of which the Obligor is the majority owner and (ii) any entities of which the Obligor is not the majority owner, but for which Obligor is directly or
                      contingently liable on debts or obligations of any kind incurred by those entities.  All financial statements or records submitted to Bank via electronic means, including, without limitation by facsimile, open internet communications
                      or other telephonic or electronic methods, including, without limitation, documents in Tagged Image Format Files (“TIFF”) or Portable Document Format (“PDF”) shall be treated as originals, fully binding and with full legal force and
                      effect and the parties waive any rights they may have to object to such treatment.  The Bank may rely on all such records in good faith as complete and accurate records produced or maintained by or on behalf of the party submitting
                      such records.

                

        

      

       

      
        
          	

                	(4)	
                  Mergers, etc.  Without the prior written consent of Bank, Borrower shall not (a) be a party to a merger or consolidation, (b) acquire all or substantially all of the assets of another entity, (c)
                      sell, lease or transfer all, or substantially all, of Borrower’s assets; or (d) change Borrower’s jurisdiction of organization, domicile, name, legal form or type or organizational structure or state organizational or taxpayer
                      identification number.  Borrower shall not permit any material change to be made in the character of Borrower’s business as carried on at the original date of this Agreement.  Borrower shall not purchase, retire or redeem any shares
                      of its capital stock without the prior written consent of Bank.

                

        

      

       

      
        
          	

                	(5)	
                  Indebtedness and Liens.  Other than obligations incurred in the ordinary course
                      of business, Borrower shall not create any additional obligations for borrowed money.  Borrower shall not mortgage or encumber any of Borrower’s assets or suffer any liens to exist on any of Borrower’s assets without the prior written
                      consent of Bank, other than purchase money liens incurred in the ordinary course of business.

                

           

          

        

      

      
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                	(6)	
                  Other Liabilities.  (a) Obligor shall not lend to or guarantee, endorse or otherwise become contingently liable in connection with the obligations, stock or dividends of any person, firm or corporation,
                      except as currently exists and as reflected in the financial statements of Obligor as previously submitted to Bank; (b) Obligor shall not default in the performance, observance or fulfillment of any of the obligations, covenants or
                      conditions contained in any indenture, agreement or other instrument to which Obligor is a party (the effect of which would materially adversely affect the business or properties of Borrower); and (c) except as disclosed or referred
                      to in the financial statements furnished to Bank, there is no litigation, legal or administrative proceeding, investigation or other action of any nature pending or, to the knowledge of Obligor, threatened against or affecting Obligor
                      which involves the possibility of any judgment or liability not fully covered by insurance, and which may materially and adversely affect the business or assets of Obligor or Obligor’s ability to carry on business as now conducted.

                

        

      

       

      
        
          	

                	(7)	
                  Documentation.  The Loan Documents shall be on the Bank’s standard forms, with such modifications as may be required or agreed to by Bank, or on such other forms as Bank may accept in its sole discretion.  Upon the
                      written request of Bank, Borrower shall promptly and duly execute and deliver, or cause each Obligor to promptly execute and deliver, all such further instruments and documents and take such further action as Bank may deem necessary
                      to obtain the full benefits of the Loan Documents.

                

        

      

       

      
        
          	

                	(8)	
                  Financial Covenants and Ratios.  Borrower shall comply with the following covenants and ratios:

                

        

      

      

      

      (a)        Minimum Current Ratio.  Borrower, on a consolidated basis, will maintain a current ratio of not less than 1.00 to 1.00.  “Current ratio” shall mean total current assets less due from related entities less due from shareholders/members divided by total current liabilities.  For purposes of this section, “current assets” and “current liabilities” shall have the meaning
          assigned to such terms under Generally Accepted Accounting Principles.  Borrower’s current ratio shall be tested quarterly.

       

      (b)       Minimum Fixed Charge Coverage Ratio – Pre-Tax.   Borrower, on a consolidated basis, shall maintain a fixed charge coverage ratio, pre-tax, of not less than 1.50 to 1.00.  “Fixed charge
          coverage ratio” shall mean net income before taxes plus depreciation expense plus amortization expense plus interest expense plus
          rent/lease expense divided by prior year current maturities of long term debt plus current maturities of financed leases plus interest expense plus rent/lease expense.  Borrower’s fixed charge coverage ratio shall be tested annually.

       

      (c)         Senior Debt to EBITDA.  Borrower, on a consolidated basis, shall maintain a senior debt to EBITDA ratio of not more than 2.00 to 1.00.  “Senior debt” shall mean debt for borrowed money and capitalized leases, but excluding debt to related entities and to owners (shareholders and members).  “EBITDA” shall mean net income before taxes plus depreciation expense plus amortization expense plus interest expense.  Borrower’s senior debt to EBITDA ratio shall be tested quarterly on a rolling four quarters basis.

      

      

      
        
          
            (d)       Calculation date for covenants and ratios.  The effective date for determining compliance with the foregoing financial covenants and ratios shall be as of each yearend (December 31st) for Borrower’s fixed charge coverage ratio and as of each quarter end (March 31st, June 30th, September 30th, and December 31st) for Borrower’s current ratio and senior debt to EBITDA ratio..

          

        

      

      

      

      
        
          	

                	(9)	
                  Collateral.  As security for payment and performance of Loan and any and all
                      other obligations of Borrower to Bank under the Loan Documents, whether direct or contingent, due or to become due, now existing or hereafter arising, Borrower shall execute and deliver to Bank, or cause others to execute and deliver
                      to Bank, the following described security documents each granting to Bank a valid and enforceable first priority lien and security interest in the collateral described therein, subject to no other lien or encumbrance:

                

        

      

      

      

      
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      Security Agreement: Borrower shall grant to
          the Bank, among other things, a first priority security interest in all of its accounts and accounts receivable, and a second priority security interest in all of its equipment and inventory, whether now owned or hereafter acquired, and all products and proceeds thereof, pursuant to a
          security agreement.

      

      

      
        
          	

                	(10)	
                  Guaranties.  RESERVED.

                

        

      

       

      
        
          	

                	(11)	
                  Setoff.  If an event of Default shall have occurred and be continuing, the Bank shall have the right to set off
                      and apply against the obligations in such manner as the Bank may determine, at any time and without notice to the Borrower, any and all deposits (general or special, time or demand, provisional or final) or other sums at any time
                      credited by or owing from the Bank, or any financial institution affiliate of Bank, to the Borrower whether or not the Loan obligations are then due.  As further security for the Loan obligations, the Borrower hereby grants to the
                      Bank a security interest in all money, instruments, and other property of the Borrower now or hereafter held by the Bank, or any financial institution affiliate of Bank, including, without limitation, property held in safekeeping.  In
                      addition to the Bank’s right of setoff and as further security for the Loan obligations, the Borrower hereby grants to the Bank a security interest in all deposits (general or special, time or demand, provisional or final) and other
                      accounts of the Borrower now or hereafter on deposit with or held by the Bank, or any financial institution affiliate of Bank, and all other sums at any time credited by or owing from the Bank, or any financial institution affiliate
                      of Bank, to the Borrower.  The rights and remedies of the Bank hereunder are in addition to other rights and remedies (including, without limitation, other rights of setoff) which the Bank may have.

                

        

      

      

      

      
        
          	

                	(12)	
                  Field Audits.  Borrower covenants and agrees with Bank that Bank's Working
                      Capital Support Department or its representative will monitor the operations of the Borrower and perform annual field audit examinations of the accounts receivable, inventory, and equipment of Borrower, all at Borrower's expense.

                

        

      

      

      

      
        
          	

                	(13)	
                  Limitation on Dividends, Distributions, and Loans to Stockholders and Related Entities.Borrower

                      shall not advance funds or assets nor pay any dividends or distributions nor make any loans to any stockholder, members, affiliate, or other related entity, except (i) for reasonable amounts funded to such entities with respect to
                      actual or estimated income taxes (and in no event in excess of such actual or estimated income taxes) and (ii) for normal operational payments to a parent company.

                

        

      

      

      

      
        
          	

                	(14)	
                  Operating Accounts.  Each Obligor will establish and thereafter maintain (and, if
                      applicable, cause each direct or indirect subsidiary to establish and thereafter maintain) with Bank until such time as the Line of Credit, all Loans, and all other indebtedness of Obligor to Bank has been indefeasibly paid in full in
                      good collected funds all of its operating deposit accounts.

                

        

      

       

      E.  CONDITIONS PRECEDENT TO LOANS.  Bank shall be obligated to
          make the Loan only so long as: (i) all of the Loan Documents required by this Agreement have been delivered to Bank, (ii) Borrower is current in the performance of all of the other obligations of Borrower contained in the Loan Documents, (iii) no
          Default and no event has occurred which, with the passage of time, would constitute a Default, and (iv) no adverse material change in the financial condition of any Obligor has occurred.

       

        

      
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      F.  DEFAULT.  The occurrence of (i) the failure of Borrower to
          make any payment on any Loan when due; (ii) the failure of Borrower or any other Obligor to observe or perform promptly when due any covenant, agreement or obligation under this Agreement or under any of the other Loan Documents; (iii) the
          material inaccuracy at any time of any warranty, representation or statement made to Bank by Borrower or any other Obligor under this Agreement or the other Loan Documents; (iv) Borrower or any other Obligors shall fail to discharge within a
          period of thirty (30) days after the commencement of any attachment, sequestration or similar proceeding or proceedings against any of its assets or properties; (v) a final judgment for the payment of money in excess of FIFTY THOUSAND AND NO/100
          DOLLARS ($50,000.00) in the aggregate shall be entered by a court or courts against Borrower or any other  Obligor and the same shall not be discharged or a stay of execution shall not be procured, within thirty (30) days from the date of the
          entry thereof; (vi ) any Borrower or any other Obligor shall fail to pay when due any principal of or any interest on any other debt, or the maturity of such other debt shall have been accelerated; (vii) any Obligor shall have died or have been
          declared incompetent by a court of proper jurisdiction; (viii) the filing by or against any Borrower or any other Obligor of a proceeding under the United States Bankruptcy Code or for any other relief afforded debtors or affecting rights of
          creditors generally under the laws of any jurisdiction; (ix) any material adverse change in the financial condition of any Obligor or any material discrepancy between the financial statement submitted by any Obligor and the actual financial
          condition of such Obligor; (x) any statement, warranty or representation made by any Obligor to Bank proves to be untrue in any material respect and; (xi) any discontinuance or termination by any Guarantor of its obligations under any guaranty of
          any Loan.  In the event of a Default, Bank, at its option, shall have the right to exercise any and all of its rights and remedies under the Loan Documents.

       

      G.  MISCELLANEOUS PROVISIONS.  Borrower agrees to pay, on
          demand, all of the costs, expenses and fees incurred in connection with the making or enforcement of the Loan, including attorneys’ fees and appraisal fees.  This Agreement is not assignable by Borrower and no party other than Borrower is
          entitled to rely on this Agreement.  No condition or other term of this Agreement may be waived or modified except by a writing signed by Borrower and Bank.  This Agreement shall supersede and replace any commitment letter between Bank and
          Borrower relating to any Loan.  If any provision of this Agreement shall be held to be legally invalid or unenforceable by any court of competent jurisdiction, all remaining provisions of this Agreement shall remain in full force and effect.

       

      H.  INDEMNIFICATION.  THE BORROWER HEREBY INDEMNIFIES THE BANK
          AND EACH AFFILIATE THEREOF AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, ATTORNEYS, AND AGENTS FROM, AND HOLDS EACH OF THEM HARMLESS AGAINST, ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND
          EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES) TO WHICH ANY OF THEM MAY BECOME SUBJECT WHICH DIRECTLY OR INDIRECTLY ARISE FROM OR RELATE TO (A) THE NEGOTIATION, EXECUTION, DELIVERY, PERFORMANCE, ADMINISTRATION, OR ENFORCEMENT OF ANY OF THE LOAN
          DOCUMENTS, (B) ANY OF THE TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS, (C) ANY BREACH BY THE BORROWER OF ANY REPRESENTATION, WARRANTY, COVENANT, OR OTHER AGREEMENT CONTAINED IN ANY OF THE LOAN DOCUMENTS, (D) THE PRESENCE, RELEASE, THREATENED
          RELEASE, DISPOSAL, REMOVAL, OR CLEANUP OF ANY HAZARDOUS MATERIAL LOCATED ON, ABOUT, WITHIN, OR AFFECTING ANY OF THE PROPERTIES OR ASSETS OF THE BORROWER OR ANY SUBSIDIARY, OR (E) ANY INVESTIGATION, LITIGATION, OR OTHER PROCEEDING, INCLUDING,
          WITHOUT LIMITATION, ANY THREATENED INVESTIGATION, LITIGATION, OR OTHER PROCEEDING, RELATING TO ANY OF THE FOREGOING.  WITHOUT LIMITING ANY PROVISION OF THIS AGREEMENT OR OF ANY OTHER LOAN DOCUMENT, IT IS THE EXPRESS INTENTION OF THE PARTIES
          HERETO THAT EACH PERSON TO BE INDEMNIFIED UNDER THIS SECTION SHALL BE INDEMNIFIED FROM AND HELD HARMLESS AGAINST ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’
          FEES) ARISING OUT OF OR RESULTING FROM THE SOLE OR CONTRIBUTORY NEGLIGENCE OF SUCH PERSON BUT NOT SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

       

      I.  LIMITATION OF LIABILITY.  Neither the Bank nor any
          affiliate, officer, director, employee, attorney, or agent of the Bank shall have any liability with respect to, and the Borrower hereby waives, releases, and agrees not to sue any of them upon, any claim for any special, indirect, incidental, or
          consequential damages suffered or incurred by the Borrower in connection with, arising out of, or in any way related to, this Agreement or any of the other Loan Documents, or any of the transactions contemplated by this Agreement or any of the
          other Loan Documents.  The Borrower hereby waives, releases, and agrees not to sue the Bank or any of the Bank’s affiliates, officers, directors, employees, attorneys, or agents for punitive damages in respect of any claim in connection with,
          arising out of, or in any way related to, this Agreement or any of the other Loan Documents, or any of the transactions contemplated by this Agreement or any of the other Loan Documents.

       

      J.  NO DUTY.  All attorneys, accountants, appraisers, and other
          professional persons and consultants retained by the Bank shall have the right to act exclusively in the interest of the Bank and shall have no duty of disclosure, duty of loyalty, duty of care, or other duty or obligation of any type or nature
          whatsoever to the Borrower or any of the Borrower’s shareholders, to any Obligor or to any other person.

       

        

      
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      K.  BANK NOT FIDUCIARY.  The relationship between the Borrower
          and the Bank is solely that of debtor and creditor, and the Bank has no fiduciary or other special relationship with the Borrower, and no term or condition of any of the Loan Documents shall be construed so as to deem the relationship between the
          Borrower and the Bank to be other than that of debtor and creditor.

       

      L.  EQUITABLE RELIEF.  The Borrower recognizes that in the
          event the Borrower fails to pay, perform, observe, or discharge any or all of its obligations to the Bank, any remedy at law may prove to be inadequate relief to the Bank.  The Borrower therefore agrees that the Bank, if the Bank so requests,
          shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

       

      M.  NO WAIVER; CUMULATIVE REMEDIES.  No failure on the part of
          the Bank to exercise and no delay in exercising, and no course of dealing with respect to, any right, power, or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power, or
          privilege under this Agreement preclude any other or further exercise thereof or the exercise of any other right, power, or privilege.  The rights and remedies provided for in this Agreement and the other Loan Documents are cumulative and not
          exclusive of any rights and remedies provided by law.

       

      N.  SUCCESSORS AND ASSIGNS.  This Agreement is binding upon and
          shall inure to the benefit of the Bank and the Borrower and their respective successors and assigns, except that the Borrower may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of
          the Bank. The term “Bank” as used herein refers to Whitney Bank, a Mississippi state chartered bank doing business as Hancock Bank through its locations in Mississippi, Alabama and Florida and doing business as Whitney Bank through its locations
          in Louisiana and Texas.

       

      O.  SURVIVAL.  All representations and warranties made in this
          Agreement or any other Loan Document or in any document, statement, or certificate furnished in connection with this Agreement shall survive the execution and delivery of this Agreement and the other Loan Documents and repayment of the Borrower’s
          obligations to the Bank, and no investigation by the Bank or any closing shall affect the representations and warranties or the right of the Bank to rely upon them.

       

      P.  OFAC.  None of the Obligors (i) is a person whose property
          or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66
          Fed. Reg. 49079 (2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner violative of Section 2, or (iii) is a person on the list of
          Specially Designated Nationals and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order.

       

      Q.  PATRIOT ACT.  The Bank hereby notifies Obligors that
          pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Obligors, which information
          includes the name and address of such Person and other information that will allow such Bank to identify such Person in accordance with the Patriot Act.  Each of the Obligors shall provide such information and take such other actions as are
          reasonably requested by the Bank in order to assist the Bank in maintaining compliance with the Patriot Act.

       

      R.  WAIVER OF JURY TRIAL.  BANK AND EACH OBLIGOR KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
          APPLICABLE LAW, ANY AND ALL RIGHTS BANK OR SUCH OBLIGOR MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BASED ON, ARISING OUT OF, OR IN ANY WAY RELATED TO: THIS AGREEMENT; THE OBLIGATIONS; ANY NOTES, LOAN AGREEMENTS, OR ANY OTHER LOAN DOCUMENT
          OR AGREEMENT EXECUTED OR CONTEMPLATED TO BE EXECUTED IN CONNECTION WITH ANY OF THE OBLIGATIONS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. THIS JURY WAIVER ALSO APPLIES TO ANY CLAIM OR, COUNTERCLAIM, CAUSE OF ACTION OR DEMAND ARISING FROM OR RELATED TO (I) ANY COURSE OF CONDUCT, COURSE OF DEALING, OR RELATIONSHIP OF BORROWER, ANY OBLIGOR, OR ANY OTHER PERSON WITH BANK OR ANY EMPLOYEE, OFFICER,
          DIRECTOR OR ASSIGNEE OF BANK IN CONNECTION WITH THE OBLIGATIONS WITH BANK; OR (II) ANY STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PERSON BY OR ON BEHALF OF
          BANK TO  BORROWER, ANY OBLIGOR, OR ANY OTHER PERSON IN CONNECTION WITH THE OBLIGATIONS REGARDLESS OF WHETHER SUCH CAUSE OF ACTION ARISES BY CONTRACT, TORT OR OTHERWISE.  EACH OBLIGOR HEREBY ACKNOWLEDGES THAT THIS WAIVER OF JURY TRIAL IS A
          MATERIAL INDUCEMENT TO THE BANK IN EXTENDING CREDIT TO THE BORROWER, THAT THE BANK WOULD NOT HAVE EXTENDED SUCH CREDIT WITHOUT THIS JURY TRIAL WAIVER, AND THAT BORROWER HAS BEEN REPRESENTED BY AN ATTORNEY OR HAS HAD AN OPPORTUNITY TO CONSULT WITH
          AN ATTORNEY IN CONNECTION WITH THIS JURY TRIAL WAIVER AND UNDERSTANDS THE LEGAL EFFECT OF THIS WAIVER.  EACH OBLIGOR FURTHER CERTIFIES THAT NO PERSON HAS REPRESENTED TO IT, EXPRESSLY OR OTHERWISE, THAT BANK OR ANY OTHER PERSON WOULD NOT, IN THE
          EVENT OF A LEGAL PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER.

       

        

      
        Page 7 of 10

        
          

      

      S.  ENTIRE AGREEMENT; AMENDMENT; WAIVERS.  This agreement, the
          Note, and the other Loan Documents referred to herein embody the final, entire agreement among the parties hereto and supersede any and all prior commitments, agreements, representations, and understandings, whether written or oral, relating to
          the subject matter hereof and may not be contradicted or varied by evidence of prior, contemporaneous, or subsequent oral agreements or discussions of the parties hereto.  There are no oral agreements among the parties hereto.  The provisions of
          this Agreement and the other Loan Documents to which the Borrower is a party may be amended or waived only by an instrument in writing signed by the parties hereto.

       

      T.  MAXIMUM INTEREST RATE.  No provision of this Agreement or
          any other Loan Document shall require the payment or the collection of interest in excess of the maximum amount permitted by applicable law.  If any excess of interest in such respect is hereby provided for, or shall be adjudicated to be so
          provided, in any Loan Document or otherwise in connection with this loan transaction, the provisions of this Section shall govern and prevail and neither the Borrower nor the sureties, guarantors, successors, or assigns of the Borrower shall be
          obligated to pay the excess amount of such interest or any other excess sum paid for the use, forbearance, or detention of sums loaned pursuant hereto.  In the event the Bank ever receives, collects, or applies as interest any such sum, such
          amount which would be in excess of the maximum amount permitted by applicable law shall be applied as a payment and reduction of the principal of the indebtedness evidenced by any promissory note executed in connection with the Loan (“Note”);
          and, if the principal of the Note has been paid in full, any remaining excess shall forthwith be paid to the Borrower.  In determining whether or not the interest paid or payable exceeds the Maximum Rate, the Borrower and the Bank shall, to the
          extent permitted by applicable law, (a) characterize any non-principal payment as an expense, fee, or premium rather than as interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in
          equal or unequal parts the total amount of interest throughout the entire contemplated term of the indebtedness evidenced by the Note so that interest for the entire term does not exceed the maximum rate allowed by applicable law, as it changes
          from time to time.

       

      U.  NOTICES.  All notices and other communications provided for
          in this Agreement and the other Loan Documents to which the Borrower is a party shall be given in writing and made by telecopy or mailed by certified mail return receipt requested, or delivered to the intended recipient at the “Address for
          Notices” specified below its name on the signature pages hereof; or, as to any party at such other address as shall be designated by such party in a notice to the other party given in accordance with this section.  Except as otherwise provided in
          this Agreement, all such communications shall be deemed to have been duly given when transmitted by telecopy, subject to mechanical confirmation of receipt, or when personally delivered or, in the case of a mailed notice, when duly deposited in
          the mails, in each case given or addressed as aforesaid.

       

      V.  GOVERNING LAW; VENUE; SERVICE OF PROCESS.  This Agreement
          is made and delivered in the State of Louisiana and shall be governed by and construed in accordance with the laws thereof without reference to the conflicts of law principles that would cause the application of the laws of another jurisdiction.
          Borrower and each other Obligor party to this Agreement hereby irrevocably submits and consents to the exclusive personal jurisdiction and venue of any state or federal court in Louisiana located in the same judicial district as the office of
          Bank specified in the first paragraph of this Agreement and agrees that all actions or proceedings arising directly, indirectly or otherwise in connection with, out of, related to or from this Agreement shall be litigated only in one of the
          foregoing described courts. Borrower and each other Obligor party to this Agreement, for themselves, and their respective heirs, successors and its assigns, and for any person claiming under or through any of them, hereby knowingly and
          voluntarily waives any and all rights to have the jurisdiction and venue of any litigation arising directly, indirectly or otherwise in connection with, out of, related to or from this Agreement in any other court, and hereby knowingly and
          voluntarily waives any and all rights to remove this action to, or to transfer, dismiss, or change venue to, any other court. Borrower and each other Obligor party to this Agreement further acknowledges and agrees that neither Bank nor any person
          acting on behalf of Bank has in any way agreed with or represented to Borrower or such Obligor that the provisions of this paragraph have been waived or will not be fully enforced by Bank. The Borrower agrees that service of process upon it may
          be made by certified or registered mail, return receipt requested, at its address specified or determined in accordance with the provisions of the Notices section above.  Nothing herein or in any of the other Loan Documents shall affect the right
          of the Bank to serve process in any other manner permitted by law or shall limit the right of the Bank to bring any action or proceeding against the Borrower or with respect to any of its property in courts in other jurisdictions. 

       

        

      
        Page 8 of 10

        
          

      

      W.  COUNTERPARTS.  This Agreement may be executed in one or
          more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

       

      X.  SEVERABILITY.  Any provision of this Agreement held by a
          court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Agreement and the effect thereof shall be confined to the provision held to be invalid or illegal.

       

      Y.  SALE; ASSIGNMENT; PARTICIPATIONS.  The Obligors
          acknowledge(s) that the Bank has the right to sell, assign, transfer, negotiate, or grant participations in all or any part of any Loan and any other Loan Documents,  including, without limitation, this Agreement, any promissory notes
          representing the Obligations, and all Loan Documents,  without notice to the undersigned and that the Bank may disclose any documents and information which the Bank now has or later acquires relating to the Borrower, any collateral, or any
          Obligor  in connection with such sale, assignment, transfer, negotiation, or grant.  The Obligors agree that the Bank may provide information relating to any Loan and any other Loan Documents or relating to any Obligor to the Bank's parent,
          affiliates, subsidiaries and service providers.

       

      Z.  CONSTRUCTION.  The Borrower and the Bank acknowledge that
          each of them has had the benefit of legal counsel of its own choice and has been afforded an opportunity to review this Agreement and the other Loan Documents with its legal counsel and that this Agreement and the other Loan Documents shall be
          construed as if jointly drafted by the Borrower and the Bank.

       

      AA.  AGREEMENT REGARDING BANKRUPTCY AUTOMATIC STAY.  In the
          event of the filing of any voluntary or involuntary petition in bankruptcy by or against the Borrower, the Borrower shall not assert or request any other party to assert that the automatic stay provided in Bankruptcy Code § 362 shall operate or
          be interpreted to stay, interdict, condition, reduce or inhibit the ability of the Bank to enforce any rights it has or may come to have by virtue of this Agreement, the Loan Documents, or any other rights the Bank has or may come to have against
          the Borrower, or against the Collateral; further, in the event of the filing of any voluntary or involuntary petition in bankruptcy by or against the Borrower, the Borrower will not seek a supplemental stay or any other relief, whether injunctive
          or otherwise, pursuant to Bankruptcy Code §105, or any other provision of the Bankruptcy Code or applicable federal or state law to stay, interdict, condition, reduce or inhibit the ability of the Bank to enforce any rights it has or may come to
          have by virtue of this Agreement, the loan documents, or applicable law against the Borrower or against the collateral.

      

      

      [Signatures on following page]

      

      

      
        Page 9 of 10

        
          

      

      	 	
              WHITNEY BANK,

            
	 	
              a Mississippi state chartered bank

            
	 	 
	 	
              By: 

                  

            	/s/ Grant Guillotte
	 	
              

              

            	
              Grant Guillotte

            
	 	
              

              

            	
              Sr. Vice President

            
	 	 
	 	
              Address for Notices:

            
	 	
              1301 Camellia Blvd., Suite 100

            
	 	
              Lafayette, LA 70508

            
	 	
              Telephone No.: (337) 593-6026

            
	 	
              Attention:  Mr. Grant Guillotte

            

      

      

      	
              

              

            	
              BORROWER:

            
	 	 	 
	
              

              

            	
              Viemed, Inc.

            
	
              NOTICE OF INDEMNIFICATION:

            	 	 
	
              BORROWER HEREBY ACKNOWLEDGES

            	
              By:

            	
              /s/ Casey Hoyt

            
	
              AND AGREES THAT THIS AGREEMENT

            	 	
              Casey Hoyt

            
	
              CONTAINS CERTAIN

            	 	
              Chief Executive Officer

            
	
              INDEMNIFICATION PROVISIONS

            	 	 

      	
              PURSUANT TO SECTION H HEREOF.

            	
              Address for Notices:

            
	 	
              202 North Luke Street

            
	 	
              Lafayette, LA 70506

            
	 	
              Telephone No. :

            	 
	 	
              Attention:  Mr. Casey Hoyt

            

      

      

      	 	
              Sleep Management, L.L.C.:

            
	 	 
	 	
              By: 

            	/s/ Casey Hoyt
	 	
              

              

            	
              Casey Hoyt

            
	 	
              

              

            	
              Member & Manager

            

      

      

      	 	
              Address for Notices:

            
	 	
              202 North Luke Street, Suite A

            
	 	
              Lafayette, LA 70506

            
	 	
              Telephone No.: 

                

            	 

      	 	
              Attention: Mr. Casey

                  Hoyt

            
	 	 
	 	
              Home Sleep Delivered, L.L.C.:

            
	 	 
	 	
              By: 

            	/s/ Casey Hoyt
	 	
              

              

            	
              Casey Hoyt

            
	 	
              

              

            	
              Member & General Manager

            

      

      

      	 	
              Address for Notices:

            
	 	
              202 North Luke Street, Suite B

            

      	 	
              Lafayette, LA 70506

            
	 	
              Telephone No.: 

                

            	 
	 	
              Attention: Mr. Casey Hoyt

            

      

      

      

      

      
        Page 10 of 10Exhibit 10.2

    

     

    

    
      COMMERCIAL NOTE

      

      

      	 	
              Lafayette, Louisiana

            
	
              $10,000,000.00

            	
              March 19, 2019

            

      

      

      For value received, the undersigned maker(s) (hereinafter referred to as "Borrower", which term means individually, collectively, and interchangeably
          any, each and/or all of them), jointly, severally, and solidarily, promises to pay to the order of HANCOCK  WHITNEY BANK ("Bank"), a Mississippi state chartered bank, with an office located at 1301 Camellia Blvd., Suite 100, Lafayette, LA 70508,
          the sum of TEN MILLION AND NO/100s DOLLARS ($10,000,000.00), together with interest thereon, in accordance with the terms set forth in this Commercial Note ("Note").

      

      

      REPAYMENT:

      

      

      Single principal, periodic interest.  Principal shall be due
          and payable in a single payment due on March 19, 2021 (the “Maturity Date”).  Accrued interest shall be due and payable in consecutive payments beginning April 19, 2019,
          and on the same day in each month thereafter until the Maturity Date, on which date any unpaid accrued interest shall be due and payable in full.

      

      

      Unless sooner declared due and payable in accordance with the provisions of this Note, on the Maturity Date, all outstanding principal,
          interest, fees, costs and expenses owing by Borrower to Bank shall be due and payable in full without notice or demand.  Provided no other agreement between the Borrower and Bank expressly imposes a prepayment penalty, Borrower may prepay without
          penalty any principal on this Note in whole or in part and any prepayments made on this Note shall be applied to the principal payment(s) due on this Note in the inverse order of their maturity.

      

      

      INTEREST:

      

      

      One Month ICE LIBOR.  The interest rate on this Note is subject
          to change from time to time based on changes in an independent index which is the One Month ICE LIBOR. As used in this Note, the term "One Month ICE LIBOR" shall mean
          the One Month London InterBank Offered Rate in U.S. Dollars as calculated and published by the Intercontinental Exchange Benchmark Administration Ltd. (“ICE,” or the
          successor thereto if ICE is no longer making a London Interbank Offered Rate available) and in effect on the first day of each calendar month. The One Month ICE LIBOR shall be obtained by Bank from an intermediary rate reporting source such as
          Bloomberg, L.P. or other authoritative rate reporting source as selected by Bank, and is based on an average of interbank offered rates for one month deposits in U.S. Dollars based on quotes from designated banks in the London market.  The One
          Month ICE LIBOR shall be rounded up to the nearest one-eighth (1/8th) of one percent by Bank to determine the index (the "Index").  Notwithstanding anything
          in this Note to the contrary, if the One Month ICE LIBOR as reported by Bloomberg, L.P or other rate reporting source is less than zero, then it shall be deemed to be zero percent (0.0%) and the Index shall be rounded up to one-eighth (1/8th)
          of one percent. Interest on the unpaid balance of this Note shall accrue at a variable rate equal to the Index plus a margin of 3.00% per annum.  The initial Index based on the One Month ICE LIBOR (rounded up to the nearest one-eighth (1/8th)
          of one percent or rounded up to one-eighth (1/8th) of one percent if the reported One Month Ice Libor is less than zero)  is 2.50% per annum resulting in an initial interest rate on this Note of 5.50%  per annum.  The Index shall be
          adjusted on the first day of each calendar month.  The Index is not necessarily the lowest rate charged by Bank for any particular class of borrowers or credit extensions.  Borrower understands that Bank may make loans based on other rates as
          well. If the Index becomes unavailable during the term of this Note, Bank may designate a substitute index by notice to Borrower.  Borrower may obtain the current Index from Bank upon Borrower’s request. Bank’s determination of the Index shall be
          conclusive absent demonstrable error.

      

      

      Floor Rate.  Notwithstanding the foregoing, if, for any reason,
          the interest rate on this Note as calculated pursuant to the previous paragraph would result in the rate falling below four percent (4.00%) per annum, the interest rate shall not fall below four percent (4.00%) per annum and shall remain at four
          percent (4.00%) per annum until the interest rate as calculated pursuant to the previous paragraph equals or exceeds four percent (4.00) per annum.

      

      

      Default Rate.  After maturity, whether that maturity results
          from acceleration or otherwise, interest shall, to the extent permitted by applicable law, accrue at the Default Rate. Additionally, upon the occurrence of any Event of Default hereunder other than a delinquent payment (and from and after the
          date of such occurrence), interest shall, to the extent permitted by applicable law, accrue at the Default Rate.  The Default Rate shall be the maximum rate authorized by applicable law, and if applicable law establishes no maximum rate, then
          eighteen percent (18.0%) per annum.

      

      

      All interest shall be computed on the basis of the actual number of days elapsed over a year composed of 360 days.  Interest shall accrue from the first
          date that funds are advanced to Borrower until all sums due hereunder are paid in full.

      

      

      Notwithstanding the foregoing, under no circumstances will the effective rate of interest on this Note exceed the maximum rate permissible under
          applicable law. To the extent federal law permits to contract for, charge or receive a greater amount of interest, Bank reserves the right to rely on federal law for the purpose of
            determining the maximum rate. It is the intention of Borrower and Bank to conform strictly to any applicable usury laws. The aggregate of all consideration which constitutes interest under applicable law that is contracted for, charged
          or received under this Note shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited to the principal balance on this Note or, if this Note shall have been paid in full,
          refunded to Borrower.

       

        

      
        All payments to be made by the Borrower to Bank under or pursuant to this Note shall be in immediately available United States currency, without setoff
            or counterclaim, and in the event that any payments submitted hereunder are in funds not available until collected, said payments shall continue to bear interest until collected.

        

        

        LATE PAYMENT AND NSF CHARGES: In the event any installment payment of principal and/or interest is more than ten (10) days past due, Borrower promises to pay,  in addition to the amount otherwise due hereunder, a delinquency charge of
              5.00% of the unpaid portion of the regularly schedule payment, but not more than $1,000.00.  In the event that any payment under this Note by check or preauthorized charge is later dishonored or returned to Bank unpaid due to insufficient
              funds, Borrower agrees to pay Bank an additional NSF check charge equal to $25.00.

        

        

        LINE OF CREDIT: This Note evidences a line of credit under
            the terms of which the Borrower may borrow, repay and reborrow hereunder, and advances hereunder shall be subject to that certain Loan Agreement dated
            February 21, 2018, between Bank and Borrower, the terms and conditions of which, as the same may be amended from time to time, are incorporated herein by reference and are a part of the terms and conditions of this Note.

         

      

      

      
        
          	
                  Initial

                	 /s/ CH	

                	 

        

        
          

      

      Advances may be made by Bank upon the written, telephonic or facsimile request of Borrower, and Bank is authorized to rely conclusively upon such
          requests when received from a person purporting to be Borrower or Borrower’s authorized officer or representative.  Borrower covenants and agrees to furnish to Bank written confirmation of any non-written request for an advance within five (5)
          days of the resulting loan or advance, but any such loan or advance shall be deemed to be made under and entitled to the benefits of this Note irrespective of any failure by Borrower to furnish such written confirmation.

      

      

      The unpaid principal balance of this Note at any time shall be the total amounts loaned or advanced hereunder by Bank, less the amount of payments or
          prepayments of principal made hereon by or for the account of Borrower.  It is contemplated that by reason of prepayments there may be times when no indebtedness is owing hereunder; but notwithstanding such occurrences, this Note and any
          agreements and instruments securing the same shall remain valid and shall be in full force and effect as to loans or advances made pursuant to and under the terms of this Note subsequent to each occurrence.  In the event that the unpaid principal
          amount hereof at any time, for any reason, exceeds the maximum amount hereinabove specified, Borrower promises and agrees to pay the excess principal amount promptly upon demand; such excess principal amount shall in all respects be deemed to be
          included among the loans or advances made pursuant to the other terms of this Note, shall bear interest at the rate or rates stated herein, and shall be fully secured by all collateral.

      

      

      BALANCE OWING:  The amount from time to time outstanding under
          this Note and each payment on this Note shall be evidenced by entries in Bank’s internal records, which shall be conclusive evidence absent manifest error of (a) the amount of principal and interest owing on this Note from time to time; (b) the
          amount of each advance made to Borrower under this Note; and (c) the amount of each principal and/or interest payment received by Bank on this Note.  The failure of Bank to make an accurate entry of advances and payments shall not limit or
          otherwise affect the obligation of Borrower to repay funds actually advanced by Bank hereunder.  Any loan or advance shall be conclusively presumed to have been made under the terms of this Note to or for the benefit of Borrower when made in
          accordance with such requests and directions, or when made pursuant to the terms of any written agreement executed in connection herewith between Borrower and Bank, or when said advances are deposited to the credit of the account of Borrower with
          Bank regardless of the fact that persons other than those authorized hereunder may have authority to draw against such account, or when applied as a payment of principal and/or interest to another obligation of Borrower to Bank.

      

      

      OBLIGORS: Any or each party to this Note (including each maker
          and endorser) and any or each surety and guarantor of this Note bound under separate instrument or agreement are hereinafter referred to jointly and severally as “Obligor.”

      

      

      SECURITY AND SET-OFF: In order to secure the repayment of the indebtedness evidenced by this Note, including, without
          limitation, future advances, interest, attorneys’ fees, expenses of collection and costs, as well as the payment and performance of any and all other liabilities or obligations of any Borrower to Bank, whether direct or indirect, absolute or
          contingent, due or to become due, or now existing or hereafter arising, and including, but not limited to, all agreements with respect to any swap, forward, future, or derivative transaction or option or similar agreement involving, or settled by
          reference to, one or more interest rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value (collectively, the “Obligations”), Borrower hereby pledges to Bank, and grants to Bank a continuing lien and security interest in and a right of set-off and compensation against, all property
          of Borrower, including any such property Borrower holds jointly with someone else, that is now or hereafter on deposit with, in the possession of, under the control of or held by Bank or any financial institution affiliate of the Bank, including,
          without limitation, all cash, deposit accounts, funds on deposit, stocks, bonds, treasury obligations and other securities, investment property, financial assets, securities accounts, notes, documents, instruments, certificates of deposit, items,
          chattel paper, and other property (except IRA, pension, other tax-deferred retirement accounts and any accounts or property held in a trust or fiduciary capacity for which setoff would be prohibited by law), together with all property added to or
          substituted for any of the foregoing, and all interest, dividends, income, fruits, accessions and proceeds of any of the foregoing. The terms "chattel paper," "deposit accounts," "documents," "items," "instruments," "investment property,"
          “securities accounts,” “financial assets” and "proceeds" shall have the meaning provided in the Louisiana Uniform Commercial Code.  Each Obligor releases Bank from any obligation with respect to the collateral including any obligation to collect
          any proceeds of or preserve any of Obligor’s rights, including, without limitation, rights against prior parties, in any collateral in which Bank possesses a security interest.   Any responsibility of Bank with respect to any
          collateral in which Bank possesses a security interest, whether arising contractually or as a matter of law, is hereby expressly waived.

      

      
        EVALUATIONS: Borrower represents and warrants that the
            indebtedness evidenced by this Note was contracted for by Borrower at Borrower’s request based upon Borrower’s own independent determination of need.  Borrower and each other Obligor understand and agree that any appraisals or evaluations made
            by or for the Bank of the financial condition of any person or the value of any property were made solely for the Bank’s benefit and Bank in no way has represented or warranted the financial condition of any person or the value of any property
            in making or obtaining said appraisals or evaluations or in extending credit to Borrower or any other Obligor. Borrower and each other Obligor understand and agree that they have no right to rely on Bank’s appraisals or evaluations in assuming
            this debt and executing this instrument and that their obligation to pay the debt represented by this Note is independent of any such appraisals or evaluations.

        

        

        RENEWAL: If an earlier note of Borrower to Bank is renewed at
            the time of execution hereof, then this Note constitutes an extension, but not a novation, of the amount of the unpaid and continuing indebtedness, and all rights held by Bank under the earlier note shall continue in full force and effect.

        

        

        FINANCIAL INFORMATION: Borrower shall, and shall cause each
            other Obligor to, promptly provide to Bank true and correct current financial statements and such other information regarding the financial condition, business and properties of each Obligor as Bank may request from time to time, all in form,
            substance and detail satisfactory to the Bank.  The financial statements shall include, among other things, detailed information regarding (i) any entities, such as corporations, partnerships, or limited liability companies of which the Obligor
            is the majority owner and (ii) any entities of which the Obligor is not the majority owner, but for which Obligor is directly or contingently liable on debts or obligations of any kind incurred by those entities.  All financial statements or
            records submitted to Bank via electronic means, including, without limitation by facsimile, open internet communications or other telephonic or electronic methods, including, without limitation, documents in Tagged Image Format Files (“TIFF”)
            or Portable Document Format (“PDF”) shall be treated as originals, fully binding and with full legal force and effect and the parties waive any rights they may have to object to such treatment.  The Bank may rely on all such records in good
            faith as complete and accurate records produced or maintained by or on behalf of the party submitting such records.

        

        

        DEFAULT: If any of the following events shall occur (each
            such event being referred to herein as an “Event of Default”): (a) the non-payment of any principal or interest on this Note or any other Obligation on the date when
            due; (b) the death, dissolution, liquidation or insolvency of any Obligor; (c) the filing by or against any Obligor of a proceeding under the U.S. Bankruptcy Code; (d) the application for appointment of a receiver for, the making of a general
            assignment for the benefit of creditors of, or the filing of any proceeding seeking any other relief afforded debtors or affecting rights of creditors generally under the laws of any jurisdiction by or against any Obligor; (e) the default by
            any Obligor in the payment or performance of (i) any obligation under this Note or under any deed of trust, mortgage, security agreement or any other document securing payment of this Note,  or (ii) any obligation under any other note or under
            any other agreement of any Obligor with or in favor of Bank; (f) any judgment, garnishment, seizure, tax lien or levy against any assets of any Obligor; (g) any material adverse change in the financial condition of any Obligor, or any material
            discrepancy between the financial statements submitted by any Obligor and the actual financial condition of any Obligor; (h) any statement, warranty, or representation made by any Obligor to Bank proves to be untrue in any material respect; (i)
            any default by any Obligor in the payment or performance of any material liabilities, indebtedness or obligations to any other creditor; (j) any merger, consolidation or change in any Obligor’s type or form of organizational structure without
            the prior written consent of  Bank; or (k) any discontinuance or termination of any guaranty of all or any portion of this Note by any Obligor or any attempt by any Obligor to do so; then, at the option of Bank, the full amount of this Note and
            all other obligations and liabilities, direct or contingent, of any Obligor to Bank shall be immediately due and payable without notice or demand.

         

          

      

      
        
          	
                  Initial

                	 /s/ CH	2	 

        

        
          

      

      REMEDIES: Bank shall have the remedies of a secured party under
          the Louisiana Uniform Commercial Code.  In addition to any and all other remedies which may be available to it, all of which shall be cumulative and may be pursued singly, successively or together against any Obligor and/or any security given at
          any time to secure the payment hereof, all at the sole discretion of Bank.  Failure on the part of Bank to exercise any right described herein or in such other documents shall not constitute a waiver of such right or preclude Bank’s subsequent
          exercise thereof. If any notice of sale or other intended disposition of the collateral is required by law to be given, Borrower hereby agrees that a notice sent in compliance with applicable law or if applicable law does not define the required
          notice period then at least ten (10) days prior to such action shall constitute reasonable notice to Borrower.  If the proceeds of any collateral securing this Note disposed of by Bank are insufficient to pay this Note in full, Obligor shall
          remain fully obligated for any deficiency.

      

      

      For purposes of executory process, Obligor hereby acknowledges the debt created by this Note, confesses judgment in favor of Bank for the full amount of
          the debt evidenced by this Note, and consents to enforcement by executory process.  To the extent permitted by law, Obligor hereby expressly waives (a) the benefit of appraisement provided for in Art. 2723 of the Louisiana Code of Civil Procedure
          and (b) all other rights to notices, demands, appraisements and delays provided by the Louisiana Code of Civil Procedure or any other applicable laws.

      

      

      FEES AND EXPENSES:  Obligor agrees to pay on demand all
          charges, fees, costs and/or taxes levied or assessed against Bank in connection with this Note or any collateral securing this Note, together with all reasonable attorneys and paralegals’ fees and expenses, and all other costs and expenses
          incurred by Bank in connection with the preparation, enforcement (including, without limitation, in bankruptcy, probate or administration proceeding or otherwise), workout, restructuring or collection of this Note, whether or not suit is filed,
          including such fees incurred in bankruptcy proceedings, at state and/or federal trial and appellate court levels, together with all other costs and expenses that may be incurred by Bank in connection with the enforcement of this Note or the
          preservation or enforcement of any of Bank’s rights or interests with respect to any collateral securing this Note.

      

      

      WAIVER:  The Borrower waive(s), on behalf of itself and each Obligor,  presentment, demand, protest, notice of dishonor, notice of demand or intent to demand, notice of acceleration or intent to accelerate, and all other notices, and agree(s)
            that no extension or indulgence to the undersigned (or any of them) or release, substitution or nonenforcement of any security, or release or substitution of any of the undersigned, any guarantor or any other party, whether with or without
            notice, shall affect the obligations of any of the undersigned. The undersigned waive(s) all defenses or right to discharge available under applicable law and waive(s) all other suretyship defenses or right to discharge and waives any
          right to receive notice of interest rate changes.

      

      

      Each Obligor  also agrees Bank may, one or more times, in its sole discretion, without releasing or affecting any of its rights and without notice to or
          the consent of such Obligor, take any one or more of the following actions: (a) release, renew, extend or modify the obligations of Borrower or any other Obligor; (b) release, exchange, modify, or surrender in whole or in part Bank’s rights with
          respect to any collateral for this Note; (c) with the consent of Borrower, modify or alter the term, interest rate or due date of any payment of this Note; (d) grant any postponements, compromises, indulgences, waivers, surrenders or discharges
          or modify the terms of its agreements with Borrower or any other Obligor; (e) change its manner of doing business with Borrower or any other Obligor or person; or (f) impute payments or proceeds of any collateral furnished by any Obligor, in
          whole or in part to any costs, interest, or principal due on this Note, or to any other obligation of any Obligor to Bank, or in the event of a third party claim thereto retain the payments or proceeds as collateral for this Note without applying
          same toward payment of this Note, and each Obligor hereby expressly waives any claims or  defenses arising from any such actions.

      

      

      COMMERCIAL USE: Borrower warrants and represents to Bank and
          all other holders of this Note that all loans evidenced by this Note are and will be for business, commercial, or other similar purpose and not primarily for personal, family, or household purposes.

      

      

      SALE/ASSIGNMENT:  The Borrower acknowledge(s) that the Bank has
          the right to sell, assign, transfer, negotiate, or grant participations in all or any part of this Note and any related obligations, including, without limit, this Note, without notice to the undersigned and that the Bank may disclose any
          documents and information which the Bank now has or later acquires relating to the undersigned or to any collateral or to any Obligor or this Note in connection with such sale, assignment, transfer, negotiation, or grant.  The Borrower agree(s)
          that the Bank may provide information relating to this Note or relating to the undersigned to the Bank's parent, affiliates, subsidiaries and service providers.

      

      

      GOVERNING LAW, JURISDICTION AND VENUE:  THIS NOTE IS MADE AND DELIVERED
            IN THE STATE OF LOUISIANA AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS THEREOF WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. BORROWER AND EACH
            OTHER OBLIGOR PARTY TO THIS NOTE HEREBY IRREVOCABLY SUBMITS AND CONSENTS TO THE EXCLUSIVE PERSONAL JURISDICTION AND VENUE OF ANY STATE OR FEDERAL COURT IN LOUISIANA LOCATED IN THE SAME JUDICIAL DISTRICT AS THE OFFICE OF BANK SPECIFIED IN THE
            FIRST PARAGRAPH OF THIS NOTE AND AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING DIRECTLY, INDIRECTLY OR OTHERWISE IN CONNECTION WITH, OUT OF, RELATED TO OR FROM THIS NOTE SHALL BE LITIGATED ONLY IN ONE OF THE FOREGOING DESCRIBED COURTS.
            BORROWER AND EACH OTHER OBLIGOR PARTY TO THIS NOTE, FOR THEMSELVES, AND THEIR RESPECTIVE HEIRS, SUCCESSORS AND ITS ASSIGNS, AND FOR ANY PERSON CLAIMING UNDER OR THROUGH ANY OF THEM, HEREBY KNOWINGLY AND VOLUNTARILY WAIVES ANY AND ALL RIGHTS TO
            HAVE THE JURISDICTION AND VENUE OF ANY LITIGATION ARISING DIRECTLY, INDIRECTLY OR OTHERWISE IN CONNECTION WITH, OUT OF, RELATED TO OR FROM THIS NOTE IN ANY OTHER COURT, AND HEREBY KNOWINGLY AND VOLUNTARILY WAIVES ANY AND ALL RIGHTS TO REMOVE
            THIS ACTION TO, OR TO TRANSFER, DISMISS, OR CHANGE VENUE TO, ANY OTHER COURT. BORROWER AND EACH OTHER OBLIGOR PARTY TO THIS NOTE FURTHER ACKNOWLEDGES AND AGREES THAT NEITHER BANK NOR ANY PERSON ACTING ON BEHALF OF BANK HAS IN ANY WAY AGREED
            WITH OR REPRESENTED TO BORROWER OR SUCH OBLIGOR THAT THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN WAIVED OR WILL NOT BE FULLY ENFORCED BY BANK.

      

      
        
          	
                  Initial

                	 /s/ CH	3	 

        

        
          

      

      
        WAIVER OF JURY TRIAL. BORROWER KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
              APPLICABLE LAW, ANY AND ALL RIGHTS BORROWER MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BASED ON, ARISING OUT OF, OR IN ANY WAY RELATED TO: THIS NOTE; THE OBLIGATIONS; ANY NOTES, LOAN AGREEMENTS, OR ANY OTHER LOAN DOCUMENT OR AGREEMENT
              EXECUTED OR CONTEMPLATED TO BE EXECUTED IN CONNECTION WITH ANY OF THE OBLIGATIONS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. THIS JURY WAIVER ALSO APPLIES TO ANY CLAIM, COUNTERCLAIM, CAUSE OF ACTION OR DEMAND ARISING FROM OR RELATED TO (I) ANY COURSE OF CONDUCT, COURSE OF DEALING, OR RELATIONSHIP OF BORROWER, ANY OBLIGOR, OR ANY OTHER PERSON WITH BANK OR ANY EMPLOYEE, OFFICER, DIRECTOR OR ASSIGNEE OF BANK IN CONNECTION WITH THE OBLIGATIONS; OR (II) ANY STATEMENT (WHETHER VERBAL OR
              WRITTEN) OR ACTIONS OF ANY PERSON BY OR ON BEHALF OF BANK TO BORROWER, ANY OBLIGOR, OR ANY OTHER PERSON IN CONNECTION WITH THE
              OBLIGATIONS, REGARDLESS OF WHETHER SUCH CAUSE OF ACTION ARISES BY CONTRACT, TORT OR OTHERWISE.  BORROWER HEREBY ACKNOWLEDGES THAT THIS WAIVER OF JURY
              TRIAL IS A MATERIAL INDUCEMENT TO THE BANK IN EXTENDING CREDIT TO THE BORROWER, THAT THE BANK WOULD NOT HAVE EXTENDED SUCH CREDIT WITHOUT THIS JURY TRIAL WAIVER, AND THAT BORROWER HAS BEEN REPRESENTED BY AN ATTORNEY OR HAS HAD AN OPPORTUNITY
              TO CONSULT WITH AN ATTORNEY IN CONNECTION WITH THIS JURY TRIAL WAIVER AND UNDERSTANDS THE LEGAL EFFECT OF THIS WAIVER.  BORROWER FURTHER CERTIFIES THAT NO PERSON HAS REPRESENTED TO IT, EXPRESSLY OR OTHERWISE, THAT BANK OR ANY OTHER PERSON
              WOULD NOT, IN THE EVENT OF A LEGAL PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER.

      

       

          

      MISCELLANEOUS: The provisions of this Note may not be waived or
          modified except in writing, signed by Bank.  Failure of Bank to exercise rights, remedies or options Bank may have upon the happening of one or more of the events giving rise to such rights, remedies or options shall not constitute a waiver of
          the right to exercise the same or any other right, remedy or option at any subsequent time in respect to the same or any other event.  The acceptance by Bank of any payment hereunder that is less than payment in full of all amounts due and
          payable at the time of such payment shall not constitute a waiver of the right to exercise any of the rights, remedies or options granted herein to Bank at that time or at any subsequent time or nullify any prior exercise of any such right, 
          remedy or option without the express written acknowledgment of the Bank.

      

      

      If any provision of this Note shall be held to be legally invalid or unenforceable by any court of competent jurisdiction, all remaining provisions of
          this Note shall remain in full force and effect.

      

      

      The term Bank as used herein shall include transferees, successors, and assigns of Bank, and all rights of Bank hereunder shall inure to the benefit of
          its transferees, successors, and assigns. All obligations of Obligor shall bind Obligor’s heirs, legal representatives, successors, and assigns.

      

      

      The descriptive headings of the several sections of this Note are inserted for convenience only and shall not in any way affect the meaning or
          construction hereof.

      

      

      Bank may, at its option and in its sole discretion, maintain and rely upon a photocopy, electronic copy or other reproduction of this Note, and Borrower
          and each other Obligor, for themselves and their respective heirs, successors, and assigns, and any person claiming by or through any of them, hereby waive any and all objections to, and claims or defenses based upon, the failure of Bank to
          produce the original hereof for any purpose whatsoever.

      

      

      This Note embodies the final, entire agreement of Borrower and Bank with respect to the subject matter hereof.  No course of dealing, course of
          performance, usage of trade or evidence of any prior, contemporaneous or subsequent oral agreements or discussions or other extrinsic evidence of any nature shall be used to contradict, vary, supplement or modify any term of this note.  There are
          no oral agreements between the parties.

      

      

      THIS NOTE AND ALL OTHER LOAN DOCUMENTS EMBODY THE FINAL, ENTIRE AGREEMENT OF BORROWER AND BANK AND SUPERSEDES ANY AND ALL PRIOR
          COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY ANY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR A SUBSEQUENT ORAL
          AGREEMENTS OR DISCUSSIONS OF BORROWER AND BANK.  THERE ARE NO ORAL AGREEMENTS BETWEEN THE BORROWER AND BANK.

      

      

      	 	 	
              BORROWER:

            
	
              
                INTERNAL USE ONLY

              

            	 	 	 
	 	
              Viemed, Inc.

            
	 	 	 
	 	
              By:

            	
              /s/ Casey Hoyt

            	 
	 	
              Name:

            	
              Casey Hoyt

            	 
	 	 	
              Title:

            	
              Chief Executive Officer

            

      

      

      	 	 	
              Sleep Management, L.L.C.

            
	 	 	 	 
	 	 	
              By:

            	
              /s/ Casey Hoyt

            	 
	 	 	
              Name:

            	
              Casey Hoyt

            	 
	 	 	
              Title:

            	
              General Manager

            
	 	 	 	 
	 	 	
              Home Sleep Delivered, L.L.C.

            
	 	 	 	 
	 	 	
              By:

            	
              /s/ Casey Hoyt

            	 
	 	 	
              Name:

            	
              Casey Hoyt

            	 
	 	 	
              Title:

            	
              General Manager

            

      

      

      

      

      
        
          	
                  Initial

                	 /s/ CH	4

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