--------------------------------------------------------------------------------

Exhibit 10.111
 
AMENDMENT ONE TO SECURITIES PURCHASE AGREEMENT
 
This Amendment One to Securities Purchase Agreement (this “Amendment”) is made
as of December 17, 2015 (the “Effective Date”), by and between Cytori
Therapeutics, Inc., a Delaware corporation (the “Company”), and the undersigned
investors (the “Investors”).
 
WHEREAS, the Company previous entered into that certain Securities Purchase
Agreement (the “Agreement”), dated May 5, 2015, by and between the Company and
the each purchaser identified on the signature pages thereto (the “Purchasers”).
 
WHEREAS, Section 9(e) of the Agreement provides that no provision of the
Agreement may be amended other than by an instrument in writing signed by the
Company and the holders of, in the aggregate, at least 67% of the Underlying
Securities (as defined in the Agreement) as of such time (excluding any
Underlying Securities held by the Company or any of its Subsidiaries as of such
time) issued or issuable hereunder or pursuant to the Warrants, and any
amendment to any provision of this Agreement made in conformity with the
provisions of this Section 9(e) shall be binding on all Buyers and holders of
Securities, as applicable, provided that no such amendment shall be effective to
the extent that it (A) applies to less than all of the holders of the Securities
then outstanding or (B) imposes any obligation or liability on any Buyer without
such Buyer’s prior written consent (which may be granted or withheld in such
Buyer’s sole discretion).
 
WHEREAS, the Investors represent at least 67% in interest of the Underlying
Securities as of the date hereof.
 
WHEREAS, the Company and the Investors desire to amend the Agreement pursuant to
the terms set forth herein.

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth
herein, and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the Company and the Investors agree as
follows:
 
AMENDMENTS:

A. Section 4(p) of the Agreement is hereby amended and restated in its entirety
to read as follows:

 
“(p) Variable Securities. So long as any Warrants remain outstanding, the
Company and each Subsidiary shall be prohibited from effecting or entering into
an agreement to effect any Subsequent Placement involving a Variable Rate
Transaction. “Variable Rate Transaction” means a transaction in which the
Company or any Subsidiary (i) issues or sells any Convertible Securities either
(A) at a conversion, exercise or exchange rate or other price that is based upon
and/or varies with the trading prices of or quotations for the shares of Common
Stock at any time after the initial issuance of such Convertible Securities, or
(B) with a conversion, exercise or exchange price that is subject to being reset
at some future date after the initial issuance of such Convertible Securities or
upon the occurrence of specified or contingent events directly or indirectly
related to the business of the Company or the market for the Common Stock (it
being understood that anti-dilution adjustments do not make a security subject
to this definition) or (ii) enters into any agreement (including, without
limitation, an equity line of credit) whereby the Company or any Subsidiary may
sell securities at a future determined price (other than with respect to any
“at-the-market” offering (“ATM Offering”) which shall not be subject to this
definition). Notwithstanding the foregoing, the Company will not conduct any ATM
Offering from the date of this Agreement through February 5, 2016; provided that
the restriction above may be waived by Buyers holding 50% of the Underlying
Securities as of such time issued or issuable hereunder or pursuant to the
Warrants. Each Buyer shall be entitled to obtain injunctive relief against the
Company and its Subsidiaries to preclude any such issuance, which remedy shall
be in addition to any right to collect damages.”
 

--------------------------------------------------------------------------------

GENERAL TERMS:
 

1 This Amendment shall enter into force as of the Effective Date.

 

2 All capitalized terms used but not defined herein shall have the meaning set
forth in the Agreement.

 

3 In consideration of the foregoing amendment, the Company agrees that for the
period commencing on the date hereof and ending on February 5, 2016, the Company
shall not directly or indirectly issue, offer, sell, grant any option or right
to purchase, or otherwise dispose of (or announce any issuance, offer, sale,
grant of any option or right to purchase or other disposition of) any equity
security or any equity-linked or related security (including, without
limitation, any “equity security” (as that term is defined under Rule 405
promulgated under the 1933 Act), provided, however, that the foregoing shall not
apply to any issuances of any Excluded Securities (as defined in the Agreement).

 

4 Except as otherwise expressly provided herein, the Agreement shall otherwise
remain in full force and effect.

 

5 This Amendment, together with the Agreement (to the extent not amended hereby)
and all exhibits thereto and references therein, constitute the entire agreement
among the parties and shall supersede any and all previous contracts,
arrangements or understandings between the parties with respect to the subject
matter herein.

 

6 Each party to this Amendment hereby agrees to perform any further acts and to
execute and deliver any further documents that may be necessary or required to
carry out the intent and provisions of this Amendment and the transactions
contemplated hereby.

 

--------------------------------------------------------------------------------

7 This Amendment may not be altered, amended or modified in any way unless done
so in accordance with Section 9(e) of the Agreement.

 

8 This Amendment may be executed in counterparts, each of which shall be deemed
an original and all of which together shall constitute one instrument, and such
counterparts may be delivered electronically by the parties.

 
[signature pages follow]
 

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this Amendment One to
Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.
 

CYTORI THERAPEUTICS, INC. By
/s/ Tiago Girao
Name: Tiago Girao
Title: CFO

 
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
 
SIGNATURE PAGE FOR PURCHASER FOLLOWS]
 

--------------------------------------------------------------------------------

[PURCHASER SIGNATURE PAGES TO AMENDMENT ONE TO SECURITIES PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.

Name of Purchaser: CUI Investments, Inc.
 
Signature of Authorized Signatory of Purchaser: /s/ Martin Kobinger
 
Name of Authorized Signatory: Martin Kobinger
 
Title of Authorized Signatory: Investment Manager
 
Email Address of Authorized Signatory: kabinger@sig.com and winer@sig.com
 
Facsimile Number of Authorized Signatory: (415) 403-6525
 
Number of Underlying Securities as of the Effective Date: 12,570,005
 

--------------------------------------------------------------------------------

[PURCHASER SIGNATURE PAGES TO AMENDMENT ONE TO SECURITIES PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.

Name of Purchaser: Sabby Volutility Warrant Master Fund, Ltd
 
Signature of Authorized Signatory of Purchaser: /s/ Robert Grundstein
 
Name of Authorized Signatory: Robert Grundstein
 
Title of Authorized Signatory: COO of Investment Manager
 
Email Address of Authorized Signatory: rgrundstein@sabbycapital.com
 
Facsimile Number of Authorized Signatory:

 
Number of Underlying Securities as of the Effective Date:

 

--------------------------------------------------------------------------------

[PURCHASER SIGNATURE PAGES TO AMENDMENT ONE TO SECURITIES PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.

Name of Purchaser: ProMed Partners, LP

 
Signature of Authorized Signatory of Purchaser: /s/ David B. Musket

 
Name of Authorized Signatory: David B. Musket

 
Title of Authorized Signatory: Managing Member

 
Email Address of Authorized Signatory: dmasket@promedmgmt.com

 
Facsimile Number of Authorized Signatory: 8572638359

 
Number of Underlying Securities as of the Effective Date:

 

--------------------------------------------------------------------------------

[PURCHASER SIGNATURE PAGES TO AMENDMENT ONE TO SECURITIES PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.
 
Name of Purchaser: David B. Musket

 
Signature of Authorized Signatory of Purchaser: /s/ David B. Musket

 
Name of Authorized Signatory:
 

 
Title of Authorized Signatory:

 
Email Address of Authorized Signatory: dmasket@promedmgmt.com

 
Facsimile Number of Authorized Signatory: 8572638359

 
Number of Underlying Securities as of the Effective Date:

 

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.

Name of Purchaser: Alpha Capital Austalt

 
Signature of Authorized Signatory of Purchaser: /s/ Konrad Ackermann

 
Name of Authorized Signatory: Konrad Ackermann

 
Title of Authorized Signatory: Director

 
Email Address of Authorized Signatory:

 
Facsimile Number of Authorized Signatory:

 
Number of Underlying Securities as of the Effective Date:

 

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the undersigned have caused this Amendment One to Securities
Purchase Agreement to be duly executed by their respective authorized
signatories as of the Amendment Effective Date.

Name of Purchaser: Intracoastal Capital, LLC

 
Signature of Authorized Signatory of Purchaser: /s/ Keith A. Goodman

 
Name of Authorized Signatory: Konrad Ackermann

 
Title of Authorized Signatory:

 
Email Address of Authorized Signatory: kgoodman@cranshirecapital.com

 
Facsimile Number of Authorized Signatory: 847-562-9031

 
Number of Underlying Securities as of the Effective Date: 2,969,850

 
 

--------------------------------------------------------------------------------