ex_408940.htm


Exhibit 10.1


 


FOURTH AMENDMENT TO THE RIDER TO AMENDED AND RESTATED


REVENUE SHARING AND NOTE PURCHASE AGREEMENT


 


June 20, 2022


 


Reference is hereby made to: (a) the Revenue Sharing and Note Purchase Agreement, originally dated as of February 14, 2014, as amended and restated as of December 24, 2014, and as further amended by the Second Amendment to the Revenue Sharing and Note Purchase Agreement dated as of January 27, 2022 (as so amended and restated, the “Original Agreement”; and, the Original Agreement, as supplemented by the Amended Rider referred to below and otherwise amended, restated, supplemented or modified from time to time, the “Agreement”), by and among ANDREA ELECTRONICS CORPORATION, a New York corporation (the “Company”), AND34 FUNDING LLC, as collateral agent (the “Collateral Agent”), and the financial institutions party thereto as “Purchasers”; and (b) the Rider to the Amended and Restated Revenue Sharing and Note Purchase Agreement, originally dated as of August 10, 2016, as amended by that certain First Amendment to the Rider to Amended and Restated Revenue Sharing and Note Purchase Agreement dated October 24, 2017; that certain Second Amendment to the Rider to the Amended and Restated Revenue Sharing and Note Purchase Agreement dated May 10, 2019; and that certain Third Amendment to the Rider to the Amended and Restated Revenue and Note Purchase Agreement dated September 21, 2021, collectively the “Original Rider”), by and among the Company, the Collateral Agent and the Purchasers party thereto. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Original Agreement as supplemented by the Original Rider.


 


This Fourth Amendment to the Original Rider (this “Fourth Amendment”; together with the Original Rider, as amended by this Fourth Amendment, the “Amended Rider”) is dated as of June 20, 2022, and, upon execution by the parties identified on the signature pages hereto, will hereafter be part of the Original Agreement and the Original Rider.


 


WHEREAS, the Company has requested to amend the Original Rider as contemplated hereby; and


 


WHEREAS, the Collateral Agent, the Revenue Participants party hereto and the Noteholders party hereto are willing to amend the Original Rider, subject to the terms and conditions set forth below.


 


NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the parties hereto agree to amend the Original Rider as follows:


 


1.    Amendment to Section C.3.1 of the Original Rider. Section C.3.1 of the Original Rider is hereby amended to replace the reference of “August 31, 2020” (as amended to August 31, 2022 in the Second Amendment of the Original Rider, and June 20, 2023 in the Third Amendment of the Original Rider) to “January 20, 2024”.


 


2.    Reaffirmation of Original Rider and the Agreement. Except as expressly amended hereby, each of the Original Rider and the Original Agreement and the other Documents shall continue in full force and effect. This Fourth Amendment, the Original Agreement and the Original Rider shall hereafter be read and construed together as a single document, and all references in the Agreement, any other Document or any agreement or instrument related to the Agreement shall hereafter refer to the Original Agreement as amended by the Amended Rider.


 


3.    Incorporation by Reference. EACH PARTY HERETO HEREBY AGREES THAT THE PROVISIONS OF SECTIONS 9.7, 9.8 and 9.9 OF THE ORIGINAL AGREEMENT SHALL APPLY TO THIS FOIRTH AMENDMENT.


 


4.    Execution in Counterparts. This Fourth Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by electronic .pdf copy of an executed counterpart of a signature page to this Fourth Amendment shall be effective as delivery of an original executed counterpart of this Fourth Amendment. The Collateral Agent may also require that any such documents and signatures delivered by electronic .pdf copy be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by electronic .pdf copy.


 


[signature pages follow]


 





 










 








 


IN WITNESSS WHEREOF, the parties hereto have caused this Fourth Amendment to the Original Rider to the Original Agreement to be duly executed and delivered as of the day of the year first above written.


 


ANDREA ELECTRONICS CORPORATION,


as the Company


 


 


	By:    /s/ Corisa L. Guiffre	 



Name: Corisa L. Guiffre


Title: Vice President and CFO


 


 


AND34 FUNDING LLC,


as a Revenue Participant


 


 


	By:   /s/ Avraham Dreyfuss	 



Name: Avraham Dreyfuss


Title: Chief Financial Officer


 


 


AND34 FUNDING LLC,


as a Noteholder


 


 


	By:   /s/ Avraham Dreyfuss	 



Name: Avraham Dreyfuss


Title: Chief Financial Officer


 


 


AND34 FUNDING LLC,


as Collateral Agent


 


 


	By:   /s/ Avraham Dreyfuss	 



Name: Avraham Dreyfuss


Title: Chief Financial Officer


 


 






Signature Page to Fourth Amendment