SEC Contract Filing

Filing Date: 2023-01-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>13
<FILENAME>rmed-ex106_28.htm
<DESCRIPTION>EX-10.6
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.6</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">RA MEDICAL SYSTEMS, INC.</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT TO CHANGE OF CONTROL AND SEVERANCE AGREEMENT</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Amendment (the &#8220;<font style="font-weight:bold;">Amendment</font>&#8221;) is made by and between Jonathan Will McGuire (&#8220;<font style="font-weight:bold;">Executive</font>&#8221;) and Ra Medical Systems, Inc. (the &#8220;<font style="font-weight:bold;">Company</font>&#8221; and together, the &#8220;<font style="font-weight:bold;">Parties</font>&#8221;) on January 9, 2023 (the &#8220;<font style="font-weight:bold;">Effective Date</font>&#8221;).&nbsp;&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Parties entered into the Change of Control and Severance Agreement on March 30, 2020 (the &#8220;<font style="font-weight:bold;">Agreement</font>&#8221;); and</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Parties desire to amend the definition of a &#8220;Change in Control Period&#8221; as set forth in the Agreement.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree that the Agreement is hereby amended as follows.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="color:#000000;">Section 7(d) of the Agreement is amended and restated to read in its entirety as follows:</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;margin-left:7.69%;text-indent:0%;color:#2A2A2A;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;(d)<font style="margin-left:36pt;"></font>&#8220;<font style="font-weight:bold;">Change in Control Period</font>&#8221; means the period beginning three (3) months prior to a Transaction Event (as defined below) and ending twenty-four (24) months following a Transaction Event.&nbsp;&nbsp;A &#8220;<font style="font-weight:bold;">Transaction Event</font>&#8221; shall mean either (X) a Change in Control or (Y) the consummation of the merger pursuant to that certain Amended and Restated Agreement and Plan of Merger dated January 9, 2023,<font style="color:#000000;"> </font>by and among the Company, RAPID MERGER SUB 1, INC., a Delaware corporation, RAPID MERGER SUB 2, LLC, a Delaware limited liability company, and CATHETER PRECISION, INC., a Delaware corporation.&#8221;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">2.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Full Force and Effect</font><font style="color:#000000;">.&nbsp;&nbsp;To the extent not expressly amended hereby, the Agreement shall remain in full force and effect.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">3.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Entire Agreement</font><font style="color:#000000;">.&nbsp;&nbsp;This Amendment and the Agreement constitute the full and entire understanding and agreement between the Parties with regard to the subjects hereof and thereof.&nbsp;&nbsp;This Am