SEC Contract Filing

Filing Date: 2017-09-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>s107496_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.1&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">September 18, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Richard A. Zaremba</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">c/o MISONIX, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1938 New Highway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Farmingdale, New York 11735</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dear Richard:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This letter will serve to modify the letter
agreement dated September 15, 2016 (which amended and restated a prior letter agreement dated November 14, 2011) (collectively,
the &ldquo;Original Letter Agreement&rdquo;), by and between you and MISONIX, INC. (&ldquo;Misonix&rdquo;). To the extent there
are any discrepancies between this letter (the &ldquo;Amendment&rdquo;) and the Original Letter Agreement, this Amendment shall
control. Except as expressly provided herein, the Original Letter Agreement remains in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Effective September 18, 2017 (the &ldquo;Effective Date&rdquo;), you hereby relinquish your titles of Senior Vice President,
Finance, Treasurer and Secretary and shall assume the sole title of Special Projects Manager. In this capacity you shall serve
as an individual contributor with primary responsibility for business development, activities related to the anticipated relocation
of the Misonix office, and other tasks as assigned by the Chief Executive Officer or his designee. You will no longer be considered
an executive officer of the Company for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Your position as Special Projects Manager shall be on a part-time basis requiring that you dedicate approximately 20 hours
per week to the performance of your assigned responsibilities. Except as business demands may require, you will spend approximately
one day per week working out of the Misonix office and two days per week working from home.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Your annual base salary shall be one hundred twenty one thousand six hundred and sixty eight dollars ($121,668), less applicable
tax and other mandatary withholdings, payable in accordance with Misonix&rsquo; standard payroll practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>You will continue to participate in the Misonix benefits plans in accordance with the terms and conditions of those plans
at levels and/or rates not less than those in effect for you on the date here of.The first sentence of Section 2 of the Original
Letter Amendment is deleted in its entirety and replaced as of the Effective Date with the following: &ldquo;In the event your
employment with Misonix is terminated by Misonix on or before September 18, 2019 for any reason other than Cause, Misonix will
continue your salary payments at the current rate ($121,668 per annum) through September 18, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section 9 of the Amendment is hereby modified to provide that notice to Misonix shall be provided solely to the Chief Executive
Officer (without a copy to the counsel listed in the Original Letter Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; t