Document:

Prepared by R.R. Donnelley Financial -- Letter Agreement

 EXHIBIT 10.3 
  
 August 30, 2002 
  
 Mr. Danny W. Huff 
 Executive
Vice President- Finance, Chief Financial Officer 
 Georgia-Pacific Corporation 
 133 Peachtree Street N.E.

 P.O. Box 105605 
 Atlanta, GA 30348 
  
 Re:    Unisource Receivables Securitization 
  
 Dear Mr. Huff,

  
 Reference is hereby made to Section 2.1(c) of each of (i) the Receivables Sale Agreement, dated as of October 1, 1997, as amended (the
“Primary Receivables Sale Agreement”), among Portfolio Receivables, LLC (the “Seller”), Unisource Worldwide, Inc. (the “Collection Agent”), Asset Securitization Cooperative Corporation and Canadian Imperial Bank of
Commerce, as servicing agent (the “Servicing Agent”), and (ii) the Receivables Sale Agreement, dated as of October 1, 1997, as amended (the “Secondary Receivables Sale Agreement,” and together with the Primary Receivables Sale
Agreement, the “Agreements”), among the Seller, the Collection Agent and Canadian Imperial Bank of Commerce, as purchaser and as servicing agent. Capitalized terms used but not defined herein shall have the meanings assigned to them in the
Agreements. 
  
 By signing this letter agreement, the parties hereto acknowledge and agree as follows: 
  

	 	(a)
	 
	As of the date hereof, the Expiration Date with respect to the Purchase Limit under the Agreements shall be December 18, 2002; and 

  

	 	(b)
	 
	In conjunction with the above extension and the Agreements, as amended, the Collection Agent and the Seller, jointly and severally, shall pay to the Servicing
Agent a fee in the amount of $200,000 upon the execution of this letter agreement. 
 

 

  
 If you are in agreement with the foregoing, kindly sign and return to us the enclosed copy of this
letter agreement. 
  
 Very truly yours, 
  
 
	 CANADIAN IMPERIAL BANK OF COMMERCE
 
	 
	 By:
 	 	 /s/    JAMES W. LEES        
 

	  	 	 Name: James W. Lees
 Title: Authorized
Signatory
 

 
  
 
	 
	 By:
 	 	 /s/    CALLUM SUTHERLAND        

	  	 	 Name: Callum Sutherland
 Title:
Authorized Signatory
 

 
  
 
	 ASSET SECURITIZATION COOPERATIVE CORPORATION
 
	 
	 By:
 	 	 /s/    JOHN GEVLIN         
 

	  	 	 Name: John Gevlin
 Title: Vice President
and CFO
 

 
  
 Accepted and agreed to as of the date first above written: 
  
 UNISOURCE WORLDWIDE, INC. 
 
	 
	 By:
 	 	 /s/    DANNY W. HUFF         
 

	  	 	 Name: Danny Huff
 Title: Executive Vice-President and Chief Financial Officer
 

 
  
 PORTFOLIO RECEIVABLES, LLC 
 
	 
	 By:
 	 	 /s/    DANNY W. HUFF         
 

	  	 	 Name: Danny Huff
 Title: Executive Vice-President and Chief Financial OfficerRESMED  INC.
                          REGISTRATION  RIGHTS  AGREEMENT
     THIS  REGISTRATION RIGHTS AGREEMENT (THE "AGREEMENT") IS MADE AS OF MAY 14,
                                               ---------
2002,  BETWEEN  RESMED  INC.,  A  DELAWARE CORPORATION (THE "PARENT") AND LESLIE
                                                             ------
HOFFMAN,  AN  INDIVIDUAL  ("HOFFMAN").
                            -------
     WHEREAS:
     A.     PURSUANT  TO  THE TERMS OF THE AGREEMENT AND PLAN OF MERGER DATED AS
OF  EVEN  DATE  HEREWITH  (THE  "MERGER  AGREEMENT"), BY AND AMONG PARENT, SERVO
                                 -----------------
MAGNETICS  INCORPORATED,  A  CALIFORNIA  CORPORATION ("TARGET"), SERVO MAGNETICS
                                                       ------
ACQUISITION,  INC., A DELAWARE CORPORATION AND WHOLLY OWNED SUBSIDIARY OF PARENT
("MERGER  SUB"),  AND  HOFFMAN,  TARGET IS BEING MERGED WITH AND INTO MERGER SUB
  -----------
(THE  "MERGER").
  -    ------
B.     IN  CONNECTION  WITH  THE  MERGER,  HOFFMAN  SHALL RECEIVE FULLY PAID AND
NON-ASSESSABLE  SHARES  OF  COMMON  STOCK  OF PARENT, PAR VALUE $.004 PER SHARE.
     C.     THE MERGER AGREEMENT PROVIDES FOR THE EXECUTION AND DELIVERY OF THIS
AGREEMENT  AT  THE CLOSING OF THE TRANSACTIONS CONTEMPLATED THEREBY WHICH GRANTS
HOFFMAN CERTAIN RIGHTS TO HAVE THE SHARES REGISTERED UNDER THE SECURITIES ACT OF
1933,  AS  AMENDED.
     NOW,  THEREFORE,  IN CONSIDERATION OF THE PREMISES AND THE MUTUAL COVENANTS
CONTAINED  HEREIN  AND  OTHER  GOOD  AND VALUABLE CONSIDERATION, THE RECEIPT AND
SUFFICIENCY  OF  WHICH  ARE  HEREBY  ACKNOWLEDGED,  THE  PARTIES HEREBY AGREE AS
FOLLOWS:
SECTION  1
                 RESTRICTIONS  ON  TRANSFERABILITY  OF  SECURITIES;
                 ----------------------------------------------
               COMPLIANCE  WITH  SECURITIES  ACT;  REGISTRATION  RIGHTS
               ---------------------------------------------------
1.1     CERTAIN  DEFINITIONS
        --------------------
     .  UNLESS  OTHERWISE  INDICATED, THE TERMS IN THIS AGREEMENT SHALL HAVE THE
SAME  MEANINGS  AS  THOSE  TERMS  IN  THE  MERGER  AGREEMENT.  AS  USED  IN THIS
AGREEMENT,  THE  FOLLOWING  TERMS  SHALL HAVE THE FOLLOWING RESPECTIVE MEANINGS:
     "COMMON STOCK" SHALL MEAN PARENT'S COMMON STOCK, PAR VALUE $.004 PER SHARE.
      ------------
"HOLDER"  SHALL  MEAN  (I)  HOFFMAN  AND  (II)  ANY  PERSON  HOLDING REGISTRABLE
 ------
SECURITIES  TO  WHOM  THE  RIGHTS  UNDER THIS SECTION 1 HAVE BEEN TRANSFERRED IN
 ------
ACCORDANCE  WITH  SECTION  1.8  HEREOF.
 ---              ------------
"REGISTRABLE  SECURITIES"  MEANS THE SHARES UNTIL SUCH TIME THAT SUCH SECURITIES
 -----------------------
HAVE  BEEN  (I)  EFFECTIVELY REGISTERED UNDER THE SECURITIES ACT AND DISPOSED OF
PURSUANT  TO  AN  EFFECTIVE  REGISTRATION  STATEMENT,  OR  (II) SOLD IN A SINGLE
TRANSACTION EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF
THE  SECURITIES  ACT  SO  THAT ALL TRANSFER RESTRICTIONS AND RESTRICTIVE LEGENDS
WITH  RESPECT  THERETO  ARE  REMOVED  UPON  THE  CONSUMMATION  OF  SUCH  SALE.
THE  TERMS  "REGISTER,"  "REGISTERED" AND "REGISTRATION" REFER TO A REGISTRATION
             --------     ----------       ------------
EFFECTED BY PREPARING AND FILING A REGISTRATION STATEMENT IN COMPLIANCE WITH THE
SECURITIES  ACT,  AND  THE  DECLARATION OR ORDERING OF THE EFFECTIVENESS OF SUCH
REGISTRATION  STATEMENT.
"REGISTRATION  EXPENSES"  SHALL  MEAN  ALL  EXPENSES, EXCEPT AS OTHERWISE STATED
 ----------------------
BELOW,  INCURRED  BY  PARENT  IN  COMPLYING  WITH SECTION 1.2 HEREOF, INCLUDING,
 ---                                              -----------
WITHOUT  LIMITATION,  ALL REGISTRATION, QUALIFICATION AND FILING FEES, INCLUDING
 ---
NASD FILING FEES, PRINTING EXPENSES (INCLUDING EXPENSES OF PRINTING CERTIFICATES
FOR  REGISTRABLE SECURITIES AND OF PRINTING PRELIMINARY AND FINAL PROSPECTUSES),
ESCROW  FEES,  FEES  AND  DISBURSEMENTS OF COUNSEL FOR PARENT, BLUE SKY FEES AND
EXPENSES,  THE EXPENSE OF ANY SPECIAL AUDITS INCIDENT TO OR REQUIRED BY ANY SUCH
REGISTRATION.
"SEC"  SHALL  MEAN  THE  SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER FEDERAL
 ---
AGENCY  AT  THE  TIME  ADMINISTERING  THE  SECURITIES  ACT.
 --
"SECURITIES  ACT"  SHALL  MEAN  THE  SECURITIES  ACT OF 1933, AS AMENDED, OR ANY
 ---------------
SIMILAR FEDERAL STATUTE AND THE RULES AND REGULATIONS OF THE SEC THEREUNDER, ALL
 ----
AS  THE  SAME  SHALL  BE  IN  EFFECT  AT  THE  TIME.
"SELLING  EXPENSES"  SHALL  MEAN ALL UNDERWRITING DISCOUNTS, SELLING COMMISSIONS
 -----------------
AND  STOCK  TRANSFER TAXES APPLICABLE TO THE SECURITIES REGISTERED BY HOLDER AND
 -
ALL  REASONABLE  FEES  AND  DISBURSEMENTS  OF  COUNSEL  FOR  HOLDER.
"SHARES"  SHALL  MEAN  THE SHARES OF COMMON STOCK OF PARENT, PAR VALUE $.004 PER
 ------
SHARE,  ISSUED  TO  HOFFMAN  PURSUANT  TO  THE  MERGER  AGREEMENT  AND ANY OTHER
 -
SECURITIES  ISSUED  IN  RESPECT  OF  SUCH SECURITIES UPON ANY STOCK SPLIT, STOCK
 -
DIVIDEND,  RECAPITALIZATION,  MERGER,  CONSOLIDATION  OR  SIMILAR  EVENT.
 -
1.2     MANDATORY  REGISTRATION
        -----------------------
     .  PARENT  SHALL  PREPARE  AND  FILE WITH THE SEC, WITHIN 180 CALENDAR DAYS
FOLLOWING  THE  CLOSING  DATE  (AS DEFINED IN THE MERGER AGREEMENT), EXCEPT AS A
RESULT  OF  DELAYS  THAT  ARE  CAUSED  BY  THE ACTIONS OR INACTIONS OF HOLDER, A
REGISTRATION  STATEMENT  (THE  "REGISTRATION  STATEMENT")  ON  FORM  S-3 (OR ANY
                                -----------------------
SIMILAR  OR  SUCCESSOR SHORT FORM OF REGISTRATION STATEMENT AS IS THEN AVAILABLE
TO  EFFECT A REGISTRATION FOR RESALE OF THE REGISTRABLE SECURITIES) COVERING THE
RESALE  OF  THE  SHARES BY HOLDER.  PARENT SHALL USE ITS COMMERCIALLY REASONABLE
EFFORTS TO CAUSE THE REGISTRATION STATEMENT TO BE DECLARED EFFECTIVE AS PROMPTLY
AS  IS  REASONABLY PRACTICAL AFTER THE FILING THEREOF.  IN NO EVENT SHALL PARENT
BE  REQUIRED HEREUNDER TO PREPARE AND FILE WITH THE SEC A REGISTRATION STATEMENT
ON  FORM  S-1 (OR ANY SIMILAR OR SUCCESSOR LONG FORM OF REGISTRATION STATEMENT).
1.3     EXPENSES  OF  REGISTRATION
        --------------------------
     .  ALL  REGISTRATION EXPENSES INCURRED IN CONNECTION WITH ALL REGISTRATIONS
PURSUANT  TO  SECTION  1.2  SHALL  BE BORNE BY PARENT.  UNLESS OTHERWISE STATED,
              ------------
HOLDER  SHALL  BEAR  ITS  OWN  SELLING  EXPENSES.
1.4     REGISTRATION  PROCEDURES
        ------------------------
     .  IN  CONNECTION WITH THE MANDATORY REGISTRATION UNDER SECTION 1.2, PARENT
                                                             -----------
WILL:
(A)     PREPARE AND FILE WITH THE SEC THE REGISTRATION STATEMENT WITH RESPECT TO
     THE  SHARES AND USE REASONABLE EFFORTS TO CAUSE SUCH REGISTRATION STATEMENT
TO BECOME EFFECTIVE AS SOON AS IS REASONABLY PRACTICAL AFTER THE FILING THEREOF,
AND  TO  KEEP THE REGISTRATION STATEMENT EFFECTIVE UNTIL THE EARLIER OF: (I) THE
SALE OF ALL REGISTRABLE SECURITIES HAS BEEN COMPLETED; OR (II) THE EARLIEST TIME
AT  WHICH  ALL  REGISTRABLE  SECURITIES THEN HELD BY HOLDER MAY BE RESOLD OVER A
THREE  MONTH  PERIOD  PURSUANT  TO  RULE 144 OR ANY SIMILAR OR SUCCESSOR RULE OR
EXEMPTION  UNDER  THE  SECURITIES  ACT;
(B)     PREPARE  AND FILE WITH THE SEC SUCH AMENDMENTS (INCLUDING POST-EFFECTIVE
AMENDMENTS)  TO SUCH REGISTRATION STATEMENT, AND SUCH SUPPLEMENTS TO THE RELATED
PROSPECTUS,  AS  MAY  BE  REQUIRED  BY  THE  RULES,  REGULATIONS OR INSTRUCTIONS
APPLICABLE TO THE SECURITIES ACT DURING THE APPLICABLE PERIOD IN ACCORDANCE WITH
THE  INTENDED METHODS OF DISPOSITION SPECIFIED BY THE HOLDERS OF THE REGISTRABLE
SECURITIES  COVERED  BY  SUCH  REGISTRATION  STATEMENT,  AND  CAUSE  THE RELATED
PROSPECTUS  AS  SO  SUPPLEMENTED  TO  BE  FILED  PURSUANT  TO RULE 424 UNDER THE
SECURITIES  ACT;
(C)     NOTIFY  HOLDER  PROMPTLY  AND  (IF  REQUESTED)  CONFIRM  SUCH  NOTICE IN
WRITING,  (I)  WHEN  A PROSPECTUS OR ANY PROSPECTUS SUPPLEMENT OR POST-EFFECTIVE
AMENDMENT  HAS  BEEN  FILED, AND, WITH RESPECT TO SUCH REGISTRATION STATEMENT OR
ANY  POST-EFFECTIVE  AMENDMENT,  WHEN THE SAME HAS BECOME EFFECTIVE, (II) OF ANY
REQUEST  BY THE SEC FOR AMENDMENTS OR SUPPLEMENTS TO SUCH REGISTRATION STATEMENT
OR  THE RELATED PROSPECTUS OR FOR ADDITIONAL INFORMATION REGARDING HOLDER, (III)
OF  THE  ISSUANCE  BY  THE SEC OF ANY STOP ORDER SUSPENDING THE EFFECTIVENESS OF
SUCH  REGISTRATION  STATEMENT  OR  THE  INITIATION  OF  ANY PROCEEDINGS FOR THAT
PURPOSE,  (IV)  OF THE RECEIPT BY PARENT OF ANY NOTIFICATION WITH RESPECT TO THE
SUSPENSION  OF  THE  QUALIFICATION OR EXEMPTION FROM QUALIFICATION OF ANY OF THE
REGISTRABLE  SECURITIES  FOR  SALE  IN  ANY  JURISDICTION  OR  THE INITIATION OR
THREATENING  OF ANY PROCEEDING FOR SUCH PURPOSE, AND (V) OF THE HAPPENING OF ANY
EVENT  THAT  REQUIRES  THE MAKING OF ANY CHANGES IN SUCH REGISTRATION STATEMENT,
PROSPECTUS  OR  DOCUMENTS  INCORPORATED  OR DEEMED TO BE INCORPORATED THEREIN BY
REFERENCE  SO THAT THEY WILL NOT CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT
OR OMIT TO STATE ANY MATERIAL FACT REQUIRED TO BE STATED THEREIN OR NECESSARY TO
MAKE THE STATEMENTS THEREIN, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH THEY WERE
MADE,  NOT  MISLEADING;
(D)     USE  COMMERCIALLY  REASONABLE  EFFORTS  TO  OBTAIN THE WITHDRAWAL OF ANY
ORDER  SUSPENDING  THE  EFFECTIVENESS  OF  SUCH  REGISTRATION  STATEMENT, OR THE
LIFTING  OF  ANY SUSPENSION OF THE QUALIFICATION OR EXEMPTION FROM QUALIFICATION
OF ANY REGISTRABLE SECURITIES FOR SALE IN ANY JURISDICTION IN THE UNITED STATES;
(E)     FURNISH  TO HOLDER, COUNSEL FOR HOLDER AND EACH MANAGING UNDERWRITER, IF
ANY,  WITHOUT  CHARGE,  ONE  CONFORMED  COPY  OF SUCH REGISTRATION STATEMENT, AS
DECLARED  EFFECTIVE BY THE SEC, AND OF EACH POST-EFFECTIVE AMENDMENT THERETO, IN
EACH  CASE  INCLUDING  FINANCIAL  STATEMENTS  AND SCHEDULES AND ALL EXHIBITS AND
REPORTS  INCORPORATED  OR  DEEMED  TO  BE INCORPORATED THEREIN BY REFERENCE; AND
DELIVER,  AT  HOLDER'S  EXPENSE,  SUCH  NUMBER  OF  COPIES  OF  THE  PRELIMINARY
PROSPECTUS,  ANY  AMENDED  PRELIMINARY PROSPECTUS, EACH FINAL PROSPECTUS AND ANY
POST-EFFECTIVE AMENDMENT OR SUPPLEMENT THERETO, AS HOLDER MAY REASONABLY REQUEST
IN  ORDER  TO FACILITATE THE DISPOSITION OF THE REGISTRABLE SECURITIES OF HOLDER
COVERED  BY  SUCH  REGISTRATION STATEMENT IN CONFORMITY WITH THE REQUIREMENTS OF
THE  SECURITIES  ACT;
(F)     PRIOR  TO  ANY PUBLIC OFFERING OF REGISTRABLE SECURITIES COVERED BY SUCH
REGISTRATION  STATEMENT,  USE  COMMERCIALLY  REASONABLE  EFFORTS  TO REGISTER OR
QUALIFY  SUCH  REGISTRABLE SECURITIES FOR OFFER AND SALE UNDER THE SECURITIES OR
BLUE  SKY  LAWS  OF  SUCH  JURISDICTIONS  AS  HOLDER SHALL REASONABLY REQUEST IN
WRITING; PROVIDED, HOWEVER, THAT PARENT SHALL IN NO EVENT BE REQUIRED TO QUALIFY
GENERALLY  TO  DO  BUSINESS  AS  A  FOREIGN  CORPORATION  OR  AS A DEALER IN ANY
JURISDICTION  WHERE  IT  IS NOT AT THE TIME SO QUALIFIED OR TO EXECUTE OR FILE A
GENERAL  CONSENT TO SERVICE OF PROCESS IN ANY SUCH JURISDICTION WHERE IT HAS NOT
THERETOFORE  DONE  SO  OR  TO  TAKE  ANY ACTION THAT WOULD SUBJECT IT TO GENERAL
SERVICE  OF  PROCESS  OR  TAXATION IN ANY SUCH JURISDICTION WHERE IT IS NOT THEN
SUBJECT;  AND
(G)     UPON  THE  OCCURRENCE  OF  ANY EVENT CONTEMPLATED BY PARAGRAPH 1.4(C)(V)
ABOVE,  PREPARE  A  SUPPLEMENT  OR POST-EFFECTIVE AMENDMENT TO SUCH REGISTRATION
STATEMENT OR THE RELATED PROSPECTUS OR ANY DOCUMENT INCORPORATED OR DEEMED TO BE
INCORPORATED  THEREIN BY REFERENCE AND FILE ANY OTHER REQUIRED DOCUMENT SO THAT,
AS  THEREAFTER  DELIVERED  TO THE PURCHASERS OF THE REGISTRABLE SECURITIES BEING
SOLD  THEREUNDER,  SUCH  PROSPECTUS  WILL  NOT  CONTAIN AN UNTRUE STATEMENT OF A
MATERIAL  FACT  OR OMIT TO STATE ANY MATERIAL FACT REQUIRED TO BE STATED THEREIN
OR NECESSARY TO MAKE THE STATEMENTS THEREIN, IN LIGHT OF THE CIRCUMSTANCES UNDER
WHICH  THEY  WERE  MADE,  NOT  MISLEADING.
1.5     REPORTS  UNDER  SECURITIES  EXCHANGE  ACT  OF  1934
        ---------------------------------------------------
     .  WITH  A  VIEW  TO  MAKING  AVAILABLE  TO HOLDER THE BENEFITS OF RULE 144
PROMULGATED  UNDER THE SECURITIES ACT, PARENT AGREES USE COMMERCIALLY REASONABLE
EFFORTS  TO:
(A)     MAKE  AND  KEEP  PUBLIC  INFORMATION  AVAILABLE,  AS  THOSE  TERMS  ARE
UNDERSTOOD  AND  DEFINED  IN SEC RULE 144, FOR THE TWO YEAR PERIOD FOLLOWING THE
DATE  OF  THIS  AGREEMENT,  SO  LONG  AS  PARENT REMAINS SUBJECT TO THE PERIODIC
REPORTING  REQUIREMENTS  UNDER  SECTIONS  13  OR  15(D)  OF  THE  EXCHANGE  ACT;
(B)     FILE  WITH  THE  SEC  IN A TIMELY MANNER ALL REPORTS AND OTHER DOCUMENTS
REQUIRED  OF  PARENT  UNDER  THE  SECURITIES  ACT  AND  THE  EXCHANGE  ACT;  AND
(C)     FURNISH  TO  HOLDER,  SO LONG AS HOLDER OWNS ANY REGISTRABLE SECURITIES,
FORTHWITH  UPON  REQUEST A WRITTEN STATEMENT BY PARENT THAT IT HAS COMPLIED WITH
THE  REPORTING  REQUIREMENTS  OF  SEC  RULE  144.
1.6     INDEMNIFICATION.
        ---------------
(A)     PARENT WILL INDEMNIFY AND HOLD HARMLESS, TO THE FULL EXTENT PERMITTED BY
     LAW, HOLDER WITH RESPECT TO WHICH REGISTRATION, QUALIFICATION OR COMPLIANCE
HAS  BEEN EFFECTED PURSUANT TO THIS SECTION 1, AND EACH UNDERWRITER, IF ANY, AND
                                    ---------
EACH PERSON WHO CONTROLS ANY UNDERWRITER WITHIN THE MEANING OF SECTION 15 OF THE
SECURITIES  ACT  OR  THE  EXCHANGE  ACT,  AGAINST  ALL EXPENSES, CLAIMS, LOSSES,
DAMAGES  OR  LIABILITIES  (OR  ACTIONS IN RESPECT THEREOF), INCLUDING ANY OF THE
FOREGOING  INCURRED  IN  SETTLEMENT  OF ANY LITIGATION, COMMENCED OR THREATENED,
ARISING  OUT  OF  OR  BASED  ON  ANY  OF  THE FOLLOWING STATEMENTS, OMISSIONS OR
VIOLATIONS, OR ALLEGATIONS THEREOF (ANY OF WHICH, A "VIOLATION"): (I) ANY UNTRUE
                                                     ---------
STATEMENT  (OR  ALLEGED  UNTRUE  STATEMENT)  OF A MATERIAL FACT CONTAINED IN ANY
REGISTRATION  STATEMENT, PROSPECTUS, OFFERING CIRCULAR OR OTHER DOCUMENT, OR ANY
AMENDMENT  OR  SUPPLEMENT  THERETO,  INCIDENT  TO  ANY  SUCH  REGISTRATION,
QUALIFICATION  OR  COMPLIANCE,  (II) ANY OMISSION (OR ALLEGED OMISSION) TO STATE
THEREIN  A  MATERIAL FACT REQUIRED TO BE STATED THEREIN OR NECESSARY TO MAKE THE
STATEMENTS  THEREIN,  IN LIGHT OF THE CIRCUMSTANCES IN WHICH THEY WERE MADE, NOT
MISLEADING  OR (III) ANY VIOLATION BY PARENT OF THE SECURITIES ACT, THE EXCHANGE
ACT,  STATE SECURITIES LAW OR ANY RULE OR REGULATION PROMULGATED UNDER SUCH LAWS
APPLICABLE  TO PARENT IN CONNECTION WITH ANY SUCH REGISTRATION, QUALIFICATION OR
COMPLIANCE,  AND  WITHIN  A REASONABLE PERIOD PARENT WILL REIMBURSE HOLDER, EACH
SUCH  UNDERWRITER  AND  EACH  PERSON  WHO CONTROLS ANY SUCH UNDERWRITER, FOR ANY
LEGAL  AND  ANY  OTHER  EXPENSES  REASONABLY  INCURRED  IN  CONNECTION  WITH
INVESTIGATING, PREPARING OR DEFENDING ANY SUCH CLAIM, LOSS, DAMAGE, LIABILITY OR
ACTION;  PROVIDED  THAT PARENT WILL NOT BE LIABLE IN ANY SUCH CASE TO THE EXTENT
THAT  ANY  SUCH  CLAIM,  LOSS,  DAMAGE, LIABILITY OR EXPENSE ARISES OUT OF OR IS
BASED  ON  (X)  ANY  UNTRUE STATEMENT OR OMISSION OR ALLEGED UNTRUE STATEMENT OR
OMISSION,  MADE  IN  RELIANCE  UPON  AND  IN CONFORMITY WITH WRITTEN INFORMATION
FURNISHED  BY  HOLDER  TO  PARENT FOR USE IN THE REGISTRATION STATEMENT OR (Y) A
MATERIAL  MISSTATEMENT  OR  OMISSION  OF  FACT  CONTAINED  IN  ANY  PRELIMINARY
PROSPECTUS  IF  A  FINAL, AMENDED OR SUPPLEMENTAL PROSPECTUS WHICH CORRECTS SUCH
OMISSION  OR  MISSTATEMENT  IS DELIVERED BY PARENT TO SUCH PERSON AT OR PRIOR TO
THE  WRITTEN  CONFIRMATION  OF  THE SALE GIVING RISE TO THE VIOLATION OR ALLEGED
VIOLATION.
(B)     HOLDER  WILL  INDEMNIFY  PARENT,  EACH  OF  ITS  AFFILIATES,  DIRECTORS,
OFFICERS,  AGENTS  AND  REPRESENTATIVES,  EACH  UNDERWRITER, IF ANY, OF PARENT'S
SECURITIES  COVERED  BY  A  REGISTRATION  STATEMENT  COVERING  THE RESALE OF THE
SHARES,  AND  EACH  PERSON  WHO  CONTROLS  PARENT OR SUCH UNDERWRITER WITHIN THE
MEANING OF SECTION 15 OF THE SECURITIES ACT, AGAINST ALL CLAIMS, LOSSES, DAMAGES
AND  LIABILITIES  (OR  ACTIONS  IN RESPECT THEREOF) ARISING OUT OF OR BASED ON A
VIOLATION,  AND  WITHIN  A  REASONABLE  PERIOD  WILL  REIMBURSE  PARENT,  SUCH
AFFILIATES,  DIRECTORS,  OFFICERS,  PERSONS, UNDERWRITERS OR CONTROL PERSONS FOR
ANY  LEGAL  OR  ANY  OTHER  EXPENSES  REASONABLY  INCURRED  IN  CONNECTION  WITH
INVESTIGATING OR DEFENDING ANY SUCH CLAIM, LOSS, DAMAGE, LIABILITY OR ACTION, IN
EACH  CASE TO THE EXTENT, BUT ONLY TO THE EXTENT, THAT SUCH UNTRUE STATEMENT (OR
ALLEGED  UNTRUE  STATEMENT)  OR  OMISSION  (OR ALLEGED OMISSION) IS MADE IN SUCH
REGISTRATION  STATEMENT,  PROSPECTUS,  OFFERING  CIRCULAR  OR  OTHER DOCUMENT IN
RELIANCE  UPON AND IN CONFORMITY WITH WRITTEN INFORMATION FURNISHED BY HOLDER TO
PARENT  FOR  USE  IN  THE  REGISTRATION  STATEMENT.
(C)     EACH  PARTY  ENTITLED  TO  INDEMNIFICATION  UNDER  THIS SECTION 1.6 (THE
                                                                -----------
"INDEMNIFIED  PARTY")  SHALL  GIVE  NOTICE  TO  THE  PARTY  REQUIRED  TO PROVIDE
     --------------
INDEMNIFICATION (THE "INDEMNIFYING PARTY") PROMPTLY AFTER SUCH INDEMNIFIED PARTY
     ---              ------------------
HAS ACTUAL KNOWLEDGE OF ANY CLAIM AS TO WHICH INDEMNITY MAY BE SOUGHT, AND SHALL
PERMIT  THE  INDEMNIFYING  PARTY  TO ASSUME THE DEFENSE OF ANY SUCH CLAIM OR ANY
LITIGATION  RESULTING  THEREFROM,  PROVIDED  THAT  COUNSEL  FOR THE INDEMNIFYING
PARTY,  WHO  SHALL  CONDUCT  THE  DEFENSE  OF SUCH CLAIM OR LITIGATION, SHALL BE
APPROVED  BY  THE  INDEMNIFIED  PARTY  (WHOSE APPROVAL SHALL NOT UNREASONABLY BE
WITHHELD),  AND  THE  INDEMNIFIED  PARTY MAY PARTICIPATE IN SUCH DEFENSE AT SUCH
PARTY'S  EXPENSE, AND PROVIDED FURTHER THAT THE FAILURE OF ANY INDEMNIFIED PARTY
TO  GIVE  NOTICE  AS PROVIDED HEREIN SHALL NOT RELIEVE THE INDEMNIFYING PARTY OF
ITS  OBLIGATIONS  UNDER THIS SECTION 1 UNLESS THE FAILURE TO GIVE SUCH NOTICE IS
                             ---------
MATERIALLY  PREJUDICIAL TO AN INDEMNIFYING PARTY'S ABILITY TO DEFEND SUCH ACTION
AND  PROVIDED  FURTHER, THAT THE INDEMNIFYING PARTY SHALL NOT ASSUME THE DEFENSE
FOR  MATTERS  AS  TO  WHICH  THERE  IS  A  CONFLICT  OF INTEREST OR SEPARATE AND
DIFFERENT  DEFENSES.  NO INDEMNIFYING PARTY, IN THE DEFENSE OF ANY SUCH CLAIM OR
LITIGATION, SHALL, EXCEPT WITH THE CONSENT OF EACH INDEMNIFIED PARTY, CONSENT TO
ENTRY  OF ANY JUDGMENT OR ENTER INTO ANY SETTLEMENT WHICH DOES NOT INCLUDE AS AN
UNCONDITIONAL  TERM  THEREOF  THE  GIVING  BY  THE CLAIMANT OR PLAINTIFF TO SUCH
INDEMNIFIED  PARTY  OF  A RELEASE FROM ALL LIABILITY IN RESPECT TO SUCH CLAIM OR
LITIGATION.
1.7     INFORMATION  BY  HOLDER
        -----------------------
     .  IF  REGISTRABLE  SECURITIES  HELD  BY  HOLDER  ARE  INCLUDED  IN  ANY
REGISTRATION,  HOLDER SHALL FURNISH TO PARENT SUCH INFORMATION REGARDING HOLDER,
THE  REGISTRABLE  SECURITIES  AND OTHER SECURITIES OF PARENT HELD BY HIM AND THE
DISTRIBUTION PROPOSED BY HOLDER AS PARENT MAY REQUEST IN WRITING AND AS SHALL BE
REQUIRED  IN  CONNECTION  WITH  ANY  REGISTRATION,  QUALIFICATION  OR COMPLIANCE
REFERRED  TO  IN  THIS  SECTION  1.
                        ----------
1.8     TRANSFER  OF  REGISTRATION  RIGHTS
        ----------------------------------
     .  THE  RIGHTS  TO HAVE SECURITIES REGISTERED GRANTED HOLDERS UNDER SECTION
                                                                         -------
1.2  MAY  NOT  BE ASSIGNED TO A TRANSFEREE OR ASSIGNEE WITHOUT THE PRIOR WRITTEN
 --
CONSENT  OF  PARENT  EXCEPT  THAT  SUCH RIGHTS MAY BE TRANSFERRED OR ASSIGNED TO
 -
SPOUSES  AND TO ANCESTORS, LINEAL DESCENDANTS AND SIBLINGS OF HOLDER WHO ACQUIRE
 -
SHARES  BY  GIFT,  WILL  OR  INTESTATE  SUCCESSION.
SECTION  2
                                  MISCELLANEOUS
2.1     GOVERNING  LAW
        --------------
     .  THIS AGREEMENT SHALL BE GOVERNED IN ALL RESPECTS BY THE INTERNAL LAWS OF
THE  STATE  OF  CALIFORNIA.
2.2     SURVIVAL
        --------
     .  THE  COVENANTS  AND  AGREEMENTS MADE HEREIN SHALL SURVIVE THE CLOSING OF
THE  TRANSACTIONS  CONTEMPLATED  HEREBY.
2.3     SUCCESSORS  AND  ASSIGNS
        ------------------------
     .  EXCEPT  AS  OTHERWISE PROVIDED HEREIN, THE PROVISIONS HEREOF SHALL INURE
TO  THE  BENEFIT  OF,  AND  BE  BINDING  UPON,  THE  SUCCESSORS, ASSIGNS, HEIRS,
EXECUTORS  AND  ADMINISTRATORS  OF  THE  PARTIES  HERETO.
2.4     ENTIRE  AGREEMENT;  AMENDMENT
        -----------------------------
     .  THIS  AGREEMENT  AND THE MERGER AGREEMENT CONSTITUTE THE FULL AND ENTIRE
UNDERSTANDING  AND  AGREEMENT  BETWEEN  THE  PARTIES WITH REGARD TO THE SUBJECTS
HEREOF  AND THEREOF, AND NO PARTY SHALL BE LIABLE OR BOUND TO ANY OTHER PARTY IN
ANY  MANNER  BY  ANY  WARRANTIES,  REPRESENTATIONS  OR  COVENANTS  EXCEPT  AS
SPECIFICALLY  SET FORTH HEREIN OR THEREIN.  EXCEPT AS EXPRESSLY PROVIDED HEREIN,
NEITHER THIS AGREEMENT NOR ANY TERM HEREOF MAY BE AMENDED, WAIVED, DISCHARGED OR
TERMINATED  OTHER  THAN BY A WRITTEN INSTRUMENT SIGNED BY THE PARTY AGAINST WHOM
ENFORCEMENT  OF  ANY SUCH AMENDMENT, WAIVER, DISCHARGE OR TERMINATION IS SOUGHT;
PROVIDED, HOWEVER, THAT HOLDERS OF A MAJORITY OF THE REGISTRABLE SECURITIES MAY,
WITH  PARENT'S  PRIOR  WRITTEN  CONSENT, WAIVE, MODIFY OR AMEND ON BEHALF OF ALL
HOLDERS,  ANY  PROVISIONS  HEREOF.
2.5     NOTICES,  ETC
        -------------
..  ALL  NOTICES,  REQUESTS,  DEMANDS, CLAIMS, AND OTHER COMMUNICATIONS HEREUNDER
WILL  BE  IN WRITING. ANY NOTICE, REQUEST, DEMAND, CLAIM, OR OTHER COMMUNICATION
HEREUNDER SHALL BE DEEMED DULY GIVEN IF (AND THEN TWO BUSINESS DAYS AFTER) IT IS
SENT BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, POSTAGE PREPAID,
AND  ADDRESSED  TO  THE  INTENDED  RECIPIENT  AS  SET  FORTH  BELOW:
IF  TO  HOFFMAN:
---------------
LESLIE  HOFFMAN
6660  VARIEL  AVENUE
CANOGA  PARK,  CA  91203
TELECOPY:  (818)  346-6294

WITH  A  COPY  TO:
-----------------

FULBRIGHT  &  JAWORSKI  L.L.P.
865.  S.  FIGUEROA  STREET,  29TH  FLOOR
LOS  ANGELES,  CALIFORNIA  90017
ATTN:  DAVID  A.  EBERSHOFF,  ESQ.
TELECOPY:  (213)  680-4518
IF  TO  PARENT:
--------------

RESMED  INC.
14040  DANIELSON  STREET
POWAY,  CALIFORNIA  92064
ATTN:  LEGAL  DEPARTMENT
TELECOPY:  (858)  746-2830
COPY  TO:
--------

LATHAM  &  WATKINS
650  TOWN  CENTER  DRIVE,
20TH  FLOOR,
COSTA  MESA,  CALIFORNIA  92626
ATTN:  PATRICK  T.  SEAVER,  ESQ.
TELECOPY:  (714)  755-8290
ANY  PARTY  MAY  SEND ANY NOTICE, REQUEST, DEMAND, CLAIM, OR OTHER COMMUNICATION
HEREUNDER  TO  THE  INTENDED  RECIPIENT AT THE ADDRESS SET FORTH ABOVE USING ANY
OTHER  MEANS (INCLUDING PERSONAL DELIVERY, EXPEDITED COURIER, MESSENGER SERVICE,
TELECOPY,  TELEX,  ORDINARY  MAIL,  OR  ELECTRONIC  MAIL),  BUT  NO SUCH NOTICE,
REQUEST, DEMAND, CLAIM, OR OTHER COMMUNICATION SHALL BE DEEMED TO HAVE BEEN DULY
GIVEN  UNLESS  AND  UNTIL IT ACTUALLY IS RECEIVED BY THE INTENDED RECIPIENT. ANY
PARTY  MAY  CHANGE  THE ADDRESS TO WHICH NOTICES, REQUESTS, DEMANDS, CLAIMS, AND
OTHER  COMMUNICATIONS  HEREUNDER ARE TO BE DELIVERED BY GIVING THE OTHER PARTIES
NOTICE  IN  THE  MANNER  HEREIN  SET  FORTH.
2.6     DELAYS  OR  OMISSIONS
        ---------------------
     .  EXCEPT  AS  EXPRESSLY  PROVIDED HEREIN, NO DELAY OR OMISSION TO EXERCISE
ANY  RIGHT,  POWER  OR  REMEDY  ACCRUING TO ANY PARTY TO THIS AGREEMENT UPON ANY
BREACH OR DEFAULT OF ANY OTHER PARTY UNDER THIS AGREEMENT, SHALL IMPAIR ANY SUCH
RIGHT,  POWER OR REMEDY OF SUCH NONDEFAULTING PARTY NOR SHALL IT BE CONSTRUED TO
BE  A WAIVER OF ANY SUCH BREACH OR DEFAULT, OR AN ACQUIESCENCE THEREIN, OR OF OR
IN  ANY  SIMILAR BREACH OR DEFAULT THEREAFTER OCCURRING; NOR SHALL ANY WAIVER OF
ANY  SINGLE  BREACH OR DEFAULT BE DEEMED A WAIVER OF ANY OTHER BREACH OR DEFAULT
THERETOFORE OR THEREAFTER OCCURRING.  ANY WAIVER, PERMIT, CONSENT OR APPROVAL OF
ANY  KIND  OR  CHARACTER ON THE PART OF ANY PARTY OF ANY BREACH OR DEFAULT UNDER
THIS  AGREEMENT,  OR  ANY  WAIVER ON THE PART OF ANY HOLDER OF ANY PROVISIONS OR
CONDITIONS  OF THIS AGREEMENT, MUST BE IN WRITING AND SHALL BE EFFECTIVE ONLY TO
THE  EXTENT  SPECIFICALLY SET FORTH IN SUCH WRITING.  ALL REMEDIES, EITHER UNDER
THIS  AGREEMENT  OR BY LAW OR OTHERWISE AFFORDED TO ANY PARTY TO THIS AGREEMENT,
SHALL  BE  CUMULATIVE  AND  NOT  ALTERNATIVE.
2.7     COUNTERPARTS
        ------------
     .  THIS  AGREEMENT  MAY  BE EXECUTED IN ANY NUMBER OF COUNTERPARTS, EACH OF
WHICH  SHALL  BE  ENFORCEABLE  AGAINST  THE  PARTIES  ACTUALLY  EXECUTING  SUCH
COUNTERPARTS,  AND  ALL  OF  WHICH  TOGETHER  SHALL  CONSTITUTE  ONE INSTRUMENT.
2.8     SEVERABILITY
        ------------
     .  IN THE EVENT THAT ANY PROVISION OF THIS AGREEMENT BECOMES OR IS DECLARED
BY  A COURT OF COMPETENT JURISDICTION TO BE ILLEGAL, UNENFORCEABLE OR VOID, THIS
AGREEMENT  SHALL  CONTINUE  IN  FULL  FORCE  AND  EFFECT WITHOUT SAID PROVISION;
PROVIDED  THAT  NO SUCH SEVERABILITY SHALL BE EFFECTIVE IF IT MATERIALLY CHANGES
THE  ECONOMIC  BENEFIT  OF  THIS  AGREEMENT  TO  ANY  PARTY.
2.9     TITLES  AND  SUBTITLES
        ----------------------
     .  THE TITLES AND SUBTITLES USED IN THIS AGREEMENT ARE USED FOR CONVENIENCE
ONLY  AND  ARE  NOT  CONSIDERED  IN  CONSTRUING  OR INTERPRETING THIS AGREEMENT.
                             (SIGNATURE  PAGE  FOLLOWS)

<PAGE>

THE  FOREGOING AGREEMENT IS HEREBY EXECUTED AS OF THE DATE FIRST ABOVE WRITTEN.
"PARENT"

RESMED  INC.,
A  DELAWARE  CORPORATION
BY:
/S/PETER  C  FARRELL
--------------------
NAME:  PETER  C  FARRELL
TITLE: CEO

"HOFFMAN"
LESLIE  HOFFMAN,
AN  INDIVIDUAL
/S/  LESLIE  HOFFMAN
--------------------

(SIGNATURE  PAGE  TO  REGISTRATION  RIGHTS  AGREEMENT)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]