Exhibit 10.2
 
 
 

AMENDMENT AGREEMENT
This AMENDMENT AGREEMENT (this "Agreement") effective as of [__], 2017 (the
"Effective Time"), between Riot Blockchain, Inc. (f/k/a Bioptix, Inc.), a Nevada
corporation (the "Company") and the Investors signatory hereto, pursuant to
which the undersigned Investors, including the Lead Investor, hereby consent to
certain waivers and modifications to the Registration Rights Agreement and the
Transaction Documents.  Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to them in the Securities Purchase Agreement
and the Registration Rights Agreement, as applicable.  Except as specifically
agreed to, waived or consented to herein, the terms of the Transaction Documents
shall remain in full force and effect.

RECITALS

WHEREAS, the Company and certain investors (the "Investors") entered into
Securities Purchase Agreements dated March 15, 2017 pursuant to which the
Company, on March 16, 2017, sold and the Investors signatory thereto purchased
convertible promissory notes, convertible into shares of the Company's common
stock, no par value per share (the "Common Stock"), and warrants to purchase
shares of Common Stock, upon the terms and subject to the conditions set forth
in the Securities Purchase Agreement (the "Offering"); and

WHEREAS, in connection with the Offering, the Company and the Investors entered
into the Registration Rights Agreement pursuant to which the Company agreed to
file a registration statement within forty-five (45) days of the closing of the
Offering (the "Filing Date"); and

WHEREAS, the Company and the Investors, including the Lead Investor, desire to
terminate the Registration Rights Agreement and waive the filing of a
Registration Statement for the Registrable Securities (the "Waiver"); and

WHEREAS, pursuant to Section 3.3 of the Registration Rights Agreement, Investors
holding at least a majority of the Registrable Securities currently outstanding,
including the Lead Investor, desire to approve the Waiver, as set forth herein.

NOW THEREFORE, in consideration of the respective covenants and promises
contained herein and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows,
intending to be legally bound hereby:

1) Termination of Registration Rights Agreement.   Upon the Effective Time and
pursuant to Section 3.3 of the Registration Rights Agreement, the Registration
Rights Agreement is hereby terminated and the requirement for filing a
Registration Statement is hereby waived.

2) Liquidated Damages.  The Investors, including the Lead Investor, hereby waive
any and all damages, penalties and defaults  related to the Company's not filing
the registration statement by the Filing Date and any damages, penalties and
defaults related to the Company not having a Registration Statement be declared
effective by the Commission by the Effectiveness Date (as such terms are
originally defined in the Registration Rights Agreement), including, without
limitation, pursuant to Section 1.2(b) of the Registration Rights Agreement.

3) Independent Nature of Purchaser's Obligations and Rights.  The obligations of
the Lead Investor and rights of any Investor under this Agreement or any other
Transaction Document are several and not joint with the obligations of the Lead
Investor or such Investor, and neither the Lead Investor nor any Investor shall
be responsible in any way for the performance of the obligations of any other
Investor under any Transaction Document.  Nothing contained herein or in any
Agreement or any other Transaction Document, and no action taken by the Lead
Investor or any Investor pursuant hereto, shall be deemed to constitute the Lead
Investor, Investor or Company as a partnership, an association, a joint venture
or any other kind of entity, or create a presumption that the Lead Investor and
any Investor are in any way acting in concert or as a group with respect to such
obligations or the transactions contemplated by this Agreement, or any
Transaction Document, and the Company acknowledges that the Lead Investor and
any other of the Investors are not acting in concert or as a group with respect
to such obligations or the transactions contemplated by this Agreement or any
other Transaction Document.  The Company, each Investor and the Lead Investor
confirm that the Lead Investor and each other Investor has independently
participated in the negotiation of the transactions contemplated hereby with the
advice of its own counsel and advisors and independent of the Company's counsel
and advisors.  Each Investor and the Lead Investor shall be entitled to
independently protect and enforce its rights, including, without limitation, the
rights arising out of this Agreement or out of any Transaction Documents, and it
shall not be necessary for any Investor to be joined as an additional party in
any proceeding for such purpose.
 
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4) No Third Party Beneficiaries.  This Agreement is intended for the benefit of
the parties hereto and their respective permitted successors and assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other
person.
5) Non-Public Information.  Within four days of the Effective Time, the Company
shall file a Current Report on Form 8-K with the Securities and Exchange
Commission disclosing the material terms of this Agreement (the "8-K Filing").
From and after the issuance of the 8-K Filing, the Company represents to the
Investors, including the Lead Investor, that it shall not be in possession of
any material, nonpublic information received from the Company, any of its
subsidiaries or any of their respective officers, directors, employees or
agents, that is not disclosed in the 8-K Filing.
6) Counterparts.  This Agreement may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken
together shall constitute but one and the same instrument.  In the event that
any signature is delivered by facsimile transmission or by an e-mail which
contains a portable document format (.pdf) file of an executed signature page,
such signature page shall create a valid and binding obligation of the party
executing (or on whose behalf such signature is executed) with the same force
and effect as if such signature page were an original thereof.
7) No Strict Construction.  The language used in this Agreement will be deemed
to be the language chosen by the parties to express their mutual intent, and no
rules of strict construction will be applied against any party.
8) Headings.  The headings of this Agreement are for convenience of reference
and shall not form part of, or affect the interpretation of, this Agreement.
9) Severability.  If any provision of this Agreement is prohibited by law or
otherwise determined to be invalid or unenforceable by a court of competent
jurisdiction, the provision that would otherwise be prohibited, invalid or
unenforceable shall be deemed amended to apply to the broadest extent that it
would be valid and enforceable, and the invalidity or unenforceability of such
provision shall not affect the validity of the remaining provisions of this
Agreement so long as this Agreement as so modified continues to express, without
material change, the original intentions of the parties as to the subject matter
hereof and the prohibited nature, invalidity or unenforceability of the
provision(s) in question does not substantially impair the respective
expectations or reciprocal obligations of the parties or the practical
realization of the benefits that would otherwise be conferred upon the parties. 
The parties will endeavor in good faith negotiations to replace the prohibited,
invalid or unenforceable provision(s) with a valid provision(s), the effect of
which comes as close as possible to that of the prohibited, invalid or
unenforceable provision(s).
 
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10) Scope.  Except as explicitly set forth herein, the Transaction Documents
remain unmodified and in full force and effect.
11) Further Assurances.  Each party shall do and perform, or cause to be done
and performed, all such further acts and things, and shall execute and deliver
all such other agreements, certificates, instruments and documents, as the other
party may reasonably request in order to carry out the intent and accomplish the
purposes of this Agreement and the consummation of the transactions contemplated
hereby.
12) Successors and Assigns.  This Agreement shall be binding upon and inure to
the benefit of the parties and their respective successors and assigns in
accordance with the terms of the Subscription Agreement.
13) Governing Law; Jurisdiction; Jury Trial.  All questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall
be governed by the internal laws of the State of New York, without giving effect
to any choice of law or conflict of law provision or rule (whether of the State
of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State of New York.  Each party hereby
irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in The City of New York, Borough of Manhattan, for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper.  Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Agreement and agrees that
such service shall constitute good and sufficient service of process and notice
thereof.  Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law.  EACH PARTY HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE
ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF
THIS CONSENT OR ANY TRANSACTION CONTEMPLATED HEREBY
 [Signatures appear on following page.]
 
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IN WITNESS WHEREOF, the Investors and the Company have caused their respective
signature page to this Agreement to be duly executed as of the date first
written above.

COMPANY:
RIOT BLOCKCHAIN, INC. (f/k/a Bioptix, Inc.)
 
By:  
Name:
Title:

INVESTOR:
 
 
By:  
Name:
Title:
 
 
LEAD INVESTOR:

By:

 

 
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