Exhibit 10.1
 
AMENDMENT TO
 
NOTE AND WARRANT PURCHASE AND SECURITY AGREEMENT
 
AND SENIOR SECURED CONVERTIBLE PROMISSORY NOTES
 
THIS AMENDMENT TO THE NOTE AND WARRANT PURCHASE AND SECURITY AGREEMENT dated
July 13, 2012 (“Agreement”) and all Senior Secured convertible Promissory Notes
issued thereunder (the “Notes”) is entered into as of July 13, 2013, by and
among Broadcast International, Inc., a Utah corporation (the “Company”), BI
Acquisitions, Inc., a Utah Corporation (“BIA”), Interact Devices, Inc., a
California corporation (“IDI” and, with the Company and BIA, each an “Issuer”
and collectively the “Issuers”), Amir L. Ecker as Collateral Agent (the
“Collateral Agent”), and the parties indicated as Purchasers on the signature
page of the Agreement (each a “Purchaser” and collectively the “Purchasers”).
 
RECITALS
 
WHEREAS, the Issuers and the Purchasers desire to amend the Agreement and the
Notes to extend the Maturity Date.
 
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
promises hereinafter set forth, the parties hereto, intending to be legally
bound hereby, agree as follows:
 
 
I.
Paragraph 1.4 of the Agreement shall be amended in its entirety to read as
follows:

 
1.4           Maturity.  Each Note shall mature and be due and payable in full
on October 31, 2013 (the “Maturity Date”).
 
 
II.
Paragraph 3 of the Notes shall be amended in its entirety to read as follows:

 
 
3.
Maturity Date.  The principal amount of this Note, together with all accrued and
unpaid interest thereon, shall be due and payable in full on October 31, 2013
(the “Maturity Date”).

 
 
III.
In all other respects the terms and conditions of the Agreement and the Notes
shall remain in full force and effect.

 
 
 

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IN WITNESS WHEREOF, the parties hereto have, by their duly authorized
representatives, executed this Amendment as of the date first set forth above.
 
BROADCAST INTERNATIONAL, INC.,
a Utah corporation
        By: /s/ James E. Solomon     James E. Solomon, Chief Financial Officer  
           

 
BI ACQUISITIONS, INC.,
a Utah corporation
        By: /s/ James E. Solomon     James E. Solomon, Chief Financial Officer  
           

 
INTERACT DEVICES, INC.,
a California corporation
        By: /s/ James E. Solomon     James E. Solomon, Chief Financial Officer  
           

 
Collateral Agent
        By: /s/ Amir L. Ecker     Amir L. Ecker, as Collateral Agent            
 

    
 
 

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