0001144204-10-035488 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 29th, 2010 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies

This REGISTRATION RIGHTS AGREEMENT, dated as of June 24, 2010, is entered into by and among Patient Safety Technologies, Inc., a Delaware corporation (the “Company”), and the persons identified as Holders on the signature pages hereto (individually, a “Holder” and collectively, the “Holders”).

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SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE
Separation Agreement and Mutual General Release • June 29th, 2010 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • California

This SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE (hereinafter referred to as the “Agreement” and/or “Separation Agreement”) is made and entered into between and among Howard Chase (“Chase”), Loren McFarland (“McFarland”), William Hitchcock (“Hitchcock”) and Eugene Bauer (“Bauer”) (collectively, Chase, McFarland, Hitchcock and Bauer, the “Director Parties” and each individually also a “Director” ), Patient Safety Technologies, Inc., a Delaware corporation (“PST”) and those stockholders set forth on the signature pages hereto (collectively, the “Stockholder Parties” and the Stockholder Parties, the Director Parties and PST, the “Parties” and each a “Party”).

SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE
Separation Agreement and Mutual General Release • June 29th, 2010 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • California

This SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE (hereinafter referred to as the "Agreement" and/or "Separation Agreement") is made and entered into by and between Steven Kane (hereinafter referred to as "Mr. KANE") and Patient Safety Technologies, Inc. (hereinafter referred to as "PST"). (Mr. KANE and PST are hereinafter collectively referred to as the "Parties"). Certain additional releasing parties identified on the signature page hereto as "Additional Parties" are deemed Parties on a several not joint basis as to Sections 5, 7, 9, 11, 12, 13 and 19(b), (c), (d) (e), (f) and (h) and no other Sections.

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 29th, 2010 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • Delaware

THIS AMENDMENT TO EMPLOYMENT AGREEMENT is entered into by and between Patient Safety Technologies, Inc. (“PST” or the “Company”) and Marc L. Rose (“Rose”) this 24th day of June, 2010. Effective as of November 24th, 2009, the Company and Rose entered into an Agreement (the “Employment Agreement”) governing Mr. Rose’s employment with the Company. In connection with a preferred stock financing undertaken by the Company on or about the date hereof (the “Financing”), and intending to be legally bound and in consideration of the mutual promises contained herein, the parties agree as follows:

CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT
Convertible Preferred Stock Purchase Agreement • June 29th, 2010 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • Delaware

CONVERTIBLE PREFERRED STOCK PURCHASE AGREEMENT (the “Agreement”), dated as of June 24, 2010, by and among Patient Safety Technologies, Inc., a Delaware corporation (the “Company”), and each buyer identified on the signature pages hereto (each, including its successors and assigns, a “Buyer” and collectively, the “Buyers”). Francis Capital Management, LLC is executing this Agreement solely for the purpose of waiving certain rights pursuant to Section 8.18 hereof).

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