Document:

Fourth Amendment to Compromise, Settlement, & Mutual Release Agreement

 Exhibit 10.66 
  
 FOURTH AMENDMENT TO COMPROMISE, SETTLEMENT, AND MUTUAL 
 RELEASE AGREEMENT 
  
 This Fourth Amendment and Modification to Compromise, Settlement, and Mutual Release Agreement is made as of June 30, 2003, between REPUBLIC CREDIT CORPORATION I, (“Republic”) of Denver, Colorado (Creditor),
and MURDOCK COMMUNICATIONS CORPORATION, (“MCC”) of Cedar Rapids, Iowa (Debtor), and SILENT WOMAN, L.L.C. (“SW”), of Cedar Rapids, Iowa. Republic, MCC, and SW shall collectively be referred to herein as the “Parties”.

  
 WHEREAS, the Parties have previously entered into a
Compromise, Settlement, and Mutual Release Agreement (“Original Agreement”), executed on June 20, 2002; and 
  
 WHEREAS, said Agreement was extended and amended by an amendment, modification, and extension agreement (“First Amendment”) dated November 16,
2002, and further extended by an amendment, modification, and extension agreement (“Second Amendment”) dated January 28, 2003, and by an amendment and modification agreement (“Third Amendment”) dated May 5, 2003. The Original
Agreement, the First Amendment, the Second Amendment and the Third Amendment are collectively referred to herein as the Agreement. All capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Agreement; and

  
 WHEREAS, on or about June 18, 2003, Republic notified MCC by
electronic letter that Republic alleged that MCC has not exercised its best efforts to effect the subject S-1 Registration Statement registering the MCC Common Stock with the Securities and Exchange Commission, as set forth in Section 3.1(d) of the
Agreement; and 
  
 WHEREAS, although MCC denies that it has not
exercised its best efforts pursuant to its obligations under Section 3.1(d) of the Agreement, the Parties hereto desire to address Republic’s allegation and amend the Agreement; and 
  
 WHEREAS, MCC desires to provide Republic with additional consideration, as set forth herein, in exchange for Republic’s
execution and acceptance of this Fourth Amendment. 
  
 NOW,
THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties hereby agree as follows: 

 Fourth Amendment/Republic/MCC 
 Page 2 of 4 
  
 1.  A copy of the Original Agreement dated June
20, 2002, the First Amendment dated November 16, 2002, the Second Amendment dated January 28, 2003, and the Third Amendment dated May 5, 2003, are respectively attached hereto as Exhibits 1, 2, 3, and 4, are incorporated herein by this reference.

  
 2.  This Fourth Amendment and Modification to Compromise,
Settlement, and Mutual Release Agreement (“Fourth Amendment”) is intended to modify the terms, conditions, and provisions of certain paragraphs of the Agreement, more particularly described below. All section and paragraph numbers
identified below are intended to reference the specific sections and/or paragraphs as found in the Original Agreement attached hereto as Exhibit 1. The following paragraphs, unless otherwise noted, are intended to modify the corresponding
paragraphs in the Agreement, as amended. Inserted words or phrases shall be underlined and shall appear in bold, and deleted words or phrases shall be stricken through.  
  
 3.    Section 3.1(d) shall be modified as follows: 
  
 3.1 METHOD OF PAYMENT: 
 (d) At or prior to the Closing of the Merger, and in accordance with the offering memorandum substantially in the form attached hereto and incorporated herein as Exhibit “G” within five (5) days of the
execution of this Agreement, and Republic’s subscription therefor, MCC shall deliver to Berthel Fisher & Company Financial Services, Inc. (“BFC”) as brokerage agent for Republic, Three Hundred Fifty Thousand
(350,000) shares of MCC Common Stock, no par value per share (the “MCC Common Stock”). The Parties agree that MCC shall pay to BFC all commissions related to BFC’s subsequent sale of the MCC Common Stock on behalf of Republic. The
Parties agree that: (a) (1) the MCC Common Stock shall be offered and issued to the Republic under the a private offering exemptions from
registration available under the Securities Act of 1933, as amended (the “Securities Act”) and the laws of the states in which the Shares MCC Common Stock will be sold, and that the 

 Fourth Amendment/Republic/MCC 
 Page 3 of 4 
  
 Shares MCC Common Stock
offered to Republic pursuant to Exhibit “G” hereto will not, prior to upon issuance, be registered under the Securities Act or under the securities laws of any state or other jurisdiction. As a
result, the Shares MCC Common Stock as initially issued cannot be transferred without registration under the Securities Act and applicable state securities laws or an exemption therefrom and the Shares
MCC Common Stock will be “restricted securities” as that term is defined in Rule 144 under the Securities Act; and (b) (2) MCC shall file a registration statement
register with the Securities and Exchange Commission for the resale by Republic of the shares MCC Common Stock prior to the closing of the Merger, (which registration may also include any
other securities to be sold by MCC, and successor of MCC or any other security holder of MCC or any successor of MCC), and any such registration shall cause the shares to be freely tradable when the registration is declared effective by the
SEC Securities and Exchange Commission. MCC shall use its best efforts (which shall include all efforts customarily undertaken in connection with the registration of securities with the Securities and Exchange
Commission) in working with the Securities and Exchange Commission SEC to cause the registration to be declared effective as promptly as
possible so that the shares MCC Common Stock becomes freely tradable with out restrictions under the Securities Act, or applicable state laws, at or prior to
after the closing of the Merger. For purposes of this Section 3.1(d) MCC shall mean MCC and any resulting entity from the Merger. The obligations under this Section 3.1(d) shall survive the Merger. 
  
 (g)    MCC, Polar Molecular Holding Corporation,
Republic and other parties as set forth in that certain Registration Rights Agreement attached hereto and incorporated herein as Exhibit J shall enter into a Registration Rights Agreement attached hereto and incorporated herein as Exhibit J.

  
 4.  The Parties agree that this Fourth Amendment complies with
Paragraph 7.2 of the Agreement, attached hereto as Exhibit 1. 
  
 5.  The Parties agree that the Agreement remains in full force and effect as to all other terms and conditions as contained therein, not expressly amended or extended herein. 

 Fourth Amendment/Republic/MCC 
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	 REPUBLIC CREDIT CORPORATION I
	 	 	 	 
					
	By:	 	 /s/ Robert S. Possehl
	 	 	 	 	 	 
	 	
	 	 	 	 	

	 	 	 	 	 	 	 	 	Date

  

	 As to Form
	 	 	 	 
					
	By:	 	 /s/ Stephen J. Dietrich
	 	 	 	 	 	7/3/03
	 	
	 	 	 	 	

	 	 	 Attorney for Republic
	 	 	 	 	 	Date

  

	 MURDOCK COMMUNICATIONS CORPORATION
	 	 	 	 
					
	By:	 	 /s/ Wayne Wright
	 	 	 	 	 	 
	 	
	 	 	 	 	

	 	 	 Principal Accounting Officer
	 	 	 	 	 	Date

	 As to Form
	 	 	 	 
					
	By:	 	 /s/ James Arenson
	 	 	 	 	 	7/3/03
	 	
	 	 	 	 	

	 	 	 Attorney for MCC
	 	 	 	 	 	Date

  

	 SILENT WOMAN, L.L.C.
	 	 	 	 
					
	By:	 	 /s/ James Arenson
	 	 	 	 	 	7/3/03
	 	
	 	 	 	 	

	 	 	 James Arenson, Member
	 	 	 	 	 	DateAgreement Regarding Dispersal of Escrow Funds & Further Security Interest

 Exhibit 10.67 
  
 Agreement Regarding Dispersal of Escrow Funds and Further Security Interest 
  
 Payment from Escrow Fund.    To further induce Affiliated
Investments, L.L.C. (the “Lender”) to extend or continue credit or some other benefit to Polar Molecular Corporation (the “Borrower”), in addition to the Fourth Amendment to the Loan Extension and Release and Waiver Agreement
executed the same day as this Agreement, Polar agrees to pay to Lender from Borrower’s funds held in escrow by Berthel Fisher & Company Financial Services, Inc. (“Berthel”) relating to the exercise of Borrower’s warrants (the
“Escrow Fund”)), at the closing of the merger of Borrower with a wholly owned subsidiary of Murdock Communications Corporation, the following amounts: the $75,000 loaned earlier this year, together with all unpaid interest accrued thereon
(collectively, the “Amount Due at Closing”). Borrower agrees to pay all costs and expenses including, without limitation, all court costs and attorneys’ fees and expenses paid or incurred by the Lender in endeavoring to collect all or
any part of the Amount Due at Closing from, or in bringing any action regarding the Amount Due at Closing against, the Borrower. Borrower hereby grants to Lender a security interest in Borrower’s interest in the Escrow Fund, which is held in F
& M Bank, Cedar Rapids, Iowa, as further security for payment of the Amount Due at Closing. Borrower hereby represents to Lender that there is currently $915,848 deposited into the Escrow Fund, of which at least $425,124 is due to Polar.

  
 If Borrower fails to pay the Amount Due at Closing, the Lender shall have all
of the rights and remedies provided by law or under any other agreement, including the parties’ original Business Loan Note and Original Loan Extension referred to in the Fourth Amendment to the Loan Extension and Release and Waiver Agreement,
to liquidate or foreclose on and sell any collateral, including but not limited to the rights and remedies of a secured party under the Uniform Commercial Code. These rights and remedies shall be cumulative and not exclusive. The proceeds of any
sale shall be applied first to costs, then toward payment of the Amount Due at Closing. The Lender is authorized to cause all or any part of any collateral to be transferred to or registered in its name or in the name of any other person, firm or
corporation, with or without designation of the capacity of such nominee. 
  
 For
purposes of this Agreement, “any collateral” shall include any other collateral securing Borrower’s obligations under its $649,000 promissory note to Lender. 
  
 Action Regarding Borrower.    Lender acknowledges that Borrower is indebted to Lender in the principal amount of
$649,000 (as such amount may be increased from time to time), together with accrued and unpaid interest (the “Full Principal Amount”). If any monies become available that the Lender can apply to the Full Principal Amount, the Lender shall
apply them first to the Amount Due at Closing. 
  
 Law and Judicial Forum that
Apply.    This agreement is governed by Michigan law. The parties agree that any legal action or proceeding against them with respect to any of their obligations under this Agreement may be brought in any court of the State
of Michigan or of the United States of America for the Eastern District of Michigan, as the 

 Lender in its sole discretion may elect. By the execution and delivery of this Agreement, each of the parties submits to
and accepts, with regard to any such action or proceeding, for itself and in respect to its property the jurisdiction of those courts. The parties waive any claim that the State of Michigan is not a convenient forum or the proper venue for any suit,
action or proceeding. 
  
 Miscellaneous.    This
Agreement is binding on Borrower and Borrower’s successors and assigns, and will operate to the benefit of the Lender and its successors and assigns. The use of headings shall not limit the provisions of this Agreement. All discussions and
documents arising between the parties regarding the subject matter of this Agreement are merged into this Agreement. 
  
 Waiver of Jury Trial.    The parties knowingly and voluntarily waive any right any of them have to a trial by jury in any proceeding (whether
sounding in contract or tort) which is in any way connected with this or any related agreement, or the relationship established under them. This provision may only be modified in a written instrument executed by each of the parties. 
  
 Dated: June 20, 2003 
  

	Borrower:
	
	Polar Molecular Corporation
	
	 /s/ Mark L. Nelson

	 By: Mark L. Nelson
 President and Chief
Executive Officer

  
  

	Lender:
	
	Affiliated Investments, L.L.C.
	
	 /s/ Karen M. Dobleske

	 By: Karen M. Dobleske
 Its: Vice
President

  

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