Ra Medical Systems, Inc.
EX-10.1
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<p style="text-align:right;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
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<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gp1oy2hwqyua000001.jpg" title="" alt="" style="width:216px;height:83px;"></p>
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<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Brian Conn</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gp1oy2hwqyua000002.jpg" title="" alt="" style="width:150px;height:61px;"></p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Brian,</p>
<p style="margin-top:12pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This first amendment to the letter agreement dated May 27, 2022 (the "Agreement") sets forth the terms and conditions whereby you agree to provide certain services to Ra Medical Systems, Inc., a Delaware Corporation (the &#8220;Company&#8221;), and All terms of the Agreement remain the same except section 2 and 3.1 are replaces in their entirety with the following effective July 27, 2022:</p>
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<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;letter-spacing:0pt;">2.</font></p></td>
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<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Calibri;font-size:11pt;"><font style="Background-color:#auto;text-decoration:none;"></font><font style="color:#000000;"></font><font style="text-decoration:underline;font-size:10pt;font-family:Arial;color:#000000;">TERM</font></p></td></tr></table></div>
<p style="margin-top:12pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The term of this Agreement shall continue for a period of twelve (12) months from the new date July 27, 2022, instead of May 27, 2022, that both parties signed this Agreement, unless earlier terminated (the &#8220;Term&#8221;). You or the Company may terminate this Agreement, with or without cause, effective immediately upon written notice to the other party. The parties understand and agree that the Term shall renew (the&#8221; Renewed Term&#8221;) for successive one (1) month periods on the expiration/renewal date(s) of this Agreement only if mutually agreed to in writing by both parties.</p>
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<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:Arial;text-transform:none;font-variant: normal;letter-spacing:0pt;">3.</font></p></td>
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<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Calibri;font-size:11pt;"><font style="Background-color:#auto;text-decoration:none;"></font><font style="color:#000000;"></font><font style="text-decoration:underline;font-size:10pt;font-family:Arial;color:#000000;">FEES AND EXPENSES</font></p></td></tr></table></div>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;margin-left:14.71%;text-indent:0%;font-weight:normal;font-style:normal;color:#auto;font-size:11pt;font-family:Calibri;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">3.1</font><font style="margin-left:36pt;color:#000000;"></font><font style="font-size:10pt;font-family:Arial;color:#000000;">The Company shall pay you at the rate of <strike>$10,000</strike> </font><font style="font-weight:bold;font-size:10pt;font-family:Arial;color:#000000;">$20,000 </font><font style="font-size:10pt;font-family:Arial;color:#000000;">per month for the Services. It is mutually agreed that you shall expect to work between <strike>te</strike><strike>n</strike> </font><font style="font-weight:bold;font-size:10pt;font-family:Arial;color:#000000;">twenty</font><font style="font-size:10pt;font-family:Arial;color:#000000;"> and <strike>fifteen</strike> </font><font style="font-weight:bold;font-size:10pt;font-family:Arial;color:#000000;">thirty</font><font style="font-size:10pt;font-family:Arial;color:#000000;"> hours a week with a limit of <strike>$100</strike> </font><font style="font-weight:bold;font-size:10pt;font-family:Arial;color:#000000;">200</font><font style="font-size:10pt;font-family:Arial;color:#000000;"> hours in any calendar month.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If this letter of the amendment accurately sets forth our understanding, kindly execute the enclosed Amendment No. 1 and return it to the undersigned.</p>
<p style="margin-top:18pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Very truly yours,</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ra Medical Systems, Inc.</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Will McGuire</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Will McGuire</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:8.19%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.33%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ACCEPTED AND AGREED:</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.29%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Brian Conn</p>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Brian Conn</p></td>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8/10/22</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.29%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:8.29%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:2pt;margin-bottom:0pt;margin-left:8.33%;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Federal Tax Id. No./Social Security No.: <img src="gp1oy2hwqyua000003.jpg" title="" alt="" style="width:90px;height:19px;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2070 Las Palmas Drive, Carlsbad, CA 92011&#8226;Office: (760) 804-1648 &#8226; Fax: (760) 804-1657</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:21.04%;margin-right:9.87%;text-indent:0%;font-weight:bold;color:#0000FF;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Info@ramed.com</font><font style="color:#000000;"> </font><font style="font-weight:normal;color:#000000;">&#8226; </font><font style="text-decoration:underline;font-weight:normal;">www.ramed.com</font></p></body>
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