Loan and Security Agreement (April 30th, 2013)
THIS LOAN AND SECURITY AGREEMENT is made and dated as of March 15, 2013 and is entered into by and between MELA SCIENCES, INC., a Delaware corporation, (hereinafter referred to as Borrower), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Maryland corporation (Lender).
May 1, 2008 Dear Jon: (May 1st, 2008)
This letter will confirm our discussion about your separation from employment with Electro-Optical Sciences, Inc. (the Company) on mutually agreeable terms as set forth below. You and the Company agree that this letter agreement (this Agreement) represents the full and complete agreement concerning your separation from employment with the Company.
November 9, 2006 William Bronner, Esq. 1325 Croton Dam Road Ossining, NY 10562 Dear Bill: We Recognize That, Over the Years, You Have Provided Significant Value to Electro-Optical Sciences, Inc. We Understand That, Now That the Company Is in a More Mature Position, You Would Like to Devote a Significant Amount of Your Time to Other Endeavors but Would Be Willing to Support the Company on a More Limited Basis. (November 14th, 2006)
We therefore would like to offer you a thirteen month consulting agreement, effective as of December 1, 2006, on a one day per week basis in consideration of monthly payments based on an annual rate of $50,000. Your day of work per week shall be conducted off premises on a day chosen by you unless otherwise requested by the company, upon reasonable advance notice and with due regard for the need to accommodate potential conflicts in schedule, including vacation, that you be present at EOS headquarters in Irvington, New York or that your assistance is needed on a certain day for any week. You may travel and incur routine out-of-pocket expenses at the request of EOS management, but very little travel is anticipated.
April 24, 2006 Mr. Richard I. Steinhart 49 Country Club Road Ridgefield, CT 06877 Dear Rich: (April 27th, 2006)
It gives me great pleasure to offer you the position of Vice President of Finance, Treasurer, and Chief Financial Officer, Electro-Optical Sciences, Inc. This is a critical post as EOS transitions from late stage development to commercialization of MelaFind(r).