General Surgical Innovations Inc – ‘10-K’ for 6/30/99 – EX-10.29

On:  Thursday, 9/16/99   ·   For:  6/30/99   ·   Accession #:  1047469-99-35981   ·   File #:  0-28448

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         54    366K 
 2: EX-10.28    Material Contract                                     21     71K 
 3: EX-10.29    Material Contract                                      1      9K 
 4: EX-10.30    Material Contract                                      1      9K 
 5: EX-23.1     Consent of Experts or Counsel                          3     10K 
 6: EX-27.1     Financial Data Schedule (Pre-XBRL)                     2      6K 

EX-10.29   —   Material Contract
Exhibit Table of Contents

EX-10.29
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                                                                 EXHIBIT 10.29

 SECOND AMENDMENT TO FULL RECOURSE PROMISSORY NOTE

   This amendment (the "SECOND AMENDMENT") is made effective the 3rd
day of May, 1999 to that certain Full Recourse Promissory Note between          
General Surgical Innovations, Inc. (the "COMPANY") and James Jervis (the        
"EMPLOYEE") dated May 5, 1994, as amended May 4, 1998 (the "PROMISSORY NOTE").  

    WHEREAS, the parties hereby desire to amend the Promissory Note to
extend the date on which the principal and interest is due and payable on the   
Promissory Note from May 4, 1999 until such date as is specified below;         

      THEREFORE, for good and valuable consideration, the receipt of which
is hereby acknowledged and agreed, the parties agree to amend the first         
paragraph of the Promissory Note to read in its entirety as follows:            

"At the times hereinafter stated, for value received, the     
undersigned promises to pay to General Surgical Innovations, Inc., a            
California corporation, (the "Company"), or order, at its principal office,     
the principal sum of $28,000 with interest from the date hereof at a rate of    
6.33% per annum, compounded semiannually, on the unpaid balance for such        
principal sum. Such principal and interest shall be due and payable on the      
earliest of (i) the date on which Employee ceases to be an employee of the      
Company, (ii) the date on which such principal and interest is demanded by      
the Company, or (iii) May 3rd of 2000."                                         

As amended hereby, all of the terms of the Promissory Note are
reaffirmed in their entirety.                                                   

                   COMPANY

                                              GENERAL SURGICAL INNOVATIONS, INC.

                            By: /s/ Mark Wan
                                                 -------------------------------
                 Name:
                                                   -----------------------------
                  Title:
                                                    ----------------------------

                    EMPLOYEE

                            /s/ James Jervis
                                              ----------------------------------
                        James Jervis

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		9/16/99
For Period End:		6/30/99		10-K/A
		5/4/99
		5/4/98
		5/5/94
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