Document:

Exhibit
10.1 

 

AMENDMENT
#6

 

This
Amendment #6 (this “Amendment”) is entered into as of January 20, 2016, by and between Tonaquint,
Inc., a Utah corporation (“Lender”), and Guided Therapeutics,
Inc., a Delaware corporation (“Debtor”).

 

A.Debtor
previously issued to Lender a Secured Promissory Note dated September 10, 2014 and in the principal amount of $1,275,000.00 (the
“Note”).

 

B.The
Note was issued pursuant to a Note Purchase Agreement dated September 10, 2014 between Lender and Debtor (the “Purchase
Agreement”) and secured pursuant to a Security Agreement dated September 10, 2014 by Debtor in favor of Lender (the
“Security Agreement” and together with the Note, the Purchase Agreement and all other documents entered
into in conjunction therewith (including all amendments thereto, the “Loan Documents”).

 

C.Lender
and Debtor previously agreed on March 10, 2015, May 4, 2015, June 1, 2015, June 16, 2015 and June 30, 2015 to amend the Loan Documents
to, among other things, extend the Maturity Date (as defined in the Note) of the Note (the June 30, 2015 amendment, “Amendment
#5”).

 

D.Lender
and Debtor desire to clarify the operation of certain provisions in the Loan Documents in the event of a stock dividend, stock
split, or reclassification of the Company’s common stock.

 

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree
as follows:

 

1.                 
Recitals. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Amendment are true
and accurate and are hereby incorporated into and made a part of this Amendment.

 

2.                 
Treatment of Stock Dividends, Stock Splits, or Stock Reclassifications. Section 7(c) of Amendment 5 is hereby amended and
restated to read as follows:

 

(c)
The conversion price per share (the “Conversion Price”) for each Conversion shall be the lower of (i) $0.25 (such
price to be equitably adjusted for any stock dividends, stock splits, or stock reclassifications), and (ii) 75% of the
lowest daily volume weighted average price per share of Debtor’s common stock (as reported by Bloomberg, L.P.) during the
five (5) business days immediately prior to the date of the applicable Conversion. Notwithstanding the foregoing, the Conversion
Price shall be subject to a conversion floor of $0.15 per share (as equitably adjusted for any stock dividends, stock splits,
or stock reclassifications, the “Conversion Floor”). If Lender submits a Conversion Notice with a Conversion
Price less than the Conversion Floor, then Debtor shall, within two (2) business days of Lender’s delivery of such Conversion
Notice, notify Lender in writing of its election to either (i) pay the conversion amount in cash, or (ii) waive the Conversion
Floor and deliver the Conversion Shares. On or prior to the Delivery Deadline, Debtor shall pay the aggregate Conversion Price
in cash or deliver the applicable Conversion Shares, as the case may be. If Debtor fails to deliver a notice as required pursuant
to this Section 5(c), then Debtor shall be deemed to have elected to have waived the Conversion Floor and will be required to
deliver the applicable Conversion Shares on or before the Delivery Date.

 

3.                 
Representations and Warranties of Debtor. In order to induce Lender to enter into this Amendment, Debtor, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

(a)   
Debtor has full power and authority to enter into this Amendment and to incur and perform all obligations and covenants contained
herein, all of which have been duly authorized by all proper and necessary action. No consent, approval, filing or registration
with or notice to any governmental authority is required as a condition to the validity of this Amendment or the performance of
any of the obligations of Debtor hereunder.

 

(b)  
There is no fact known to Debtor or which should be known to Debtor which Debtor has not disclosed to Lender on or prior to the
date of this Amendment which would or could materially and adversely affect the understanding of Lender expressed in this Amendment
or any representation, warranty, or recital contained in this Amendment.

 

(c)   
Except as expressly set forth in this Amendment, Debtor acknowledges and agrees that neither the execution and delivery of this
Amendment nor any of the terms, provisions, covenants, or agreements contained in this Amendment shall in any manner release,
impair, lessen, modify, waive, or otherwise affect the liability and obligations of Debtor under the terms of the Loan Documents.

 

(d)  
Debtor has no defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims, actions or causes
of action of any kind or nature whatsoever against Lender, directly or indirectly, arising out of, based upon, or in any manner
connected with, the transactions contemplated hereby, whether known or unknown, which occurred, existed, was taken, permitted,
or begun prior to the execution of this Amendment and occurred, existed, was taken, permitted or begun in accordance with, pursuant
to, or by virtue of any of the terms or conditions of the Loan Documents. To the extent any such defenses, affirmative or otherwise,
rights of setoff, rights of recoupment, claims, counterclaims, actions or causes of action exist or existed, such defenses, rights,
claims, counterclaims, actions and causes of action are hereby waived, discharged and released. Debtor hereby acknowledges and
agrees that the execution of this Amendment by Lender shall not constitute an acknowledgment of or admission by Lender of the
existence of any claims or of liability for any matter or precedent upon which any claim or liability may be asserted.

 

(e)   
Except as may have been previously disclosed to Lender, Debtor represents and warrants that as of the date hereof no Events of
Default (as defined in the Note) exist under the Loan Documents or have occurred prior to the date hereof.

 

4.                 
Representations and Warranties of Lender. In order to induce Debtor to enter into this Amendment, Lender, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents and warrants to Debtor that Lender has full power
and authority to enter into this Amendment and to incur and perform all obligations and covenants contained herein, all of which
have been duly authorized by all proper and necessary action. No consent, approval, filing or registration with or notice to any
governmental authority is required as a condition to the validity of this Amendment or the performance of any of the obligations
of Lender hereunder.

 

5.                 
Certain Acknowledgments. Each of the parties acknowledges and agrees that no property or cash consideration of any kind
whatsoever has been or shall be given by Lender to Debtor in connection with this Amendment or other amendments to the Loan Documents
granted herein.

 

6.                 
Other Terms Unchanged. The Loan Documents, as amended by this Amendment, remain and continue in full force and effect,
constitute legal, valid, and binding obligations of each of the parties, and are in all respects agreed to, ratified, and confirmed.
Any reference to any Loan Document after the date of this Amendment is deemed to be a reference to such Loan Document as amended
by this Amendment. If there is a conflict between the terms of this Amendment and any Loan Document, the terms of this Amendment
shall control. No forbearance or waiver may be implied by this Amendment. Except as expressly set forth herein, the execution,
delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment to, any right, power, or remedy
of Lender under any Loan Document, as in effect prior to the date hereof.

 

7.                 
Headings. The headings contained in this Amendment are for reference purposes only and do not affect in any way the meaning
or interpretation of this Amendment.

 

8.                 
Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original,
but all of which together shall constitute one instrument. The parties hereto confirm that any electronic copy of another party’s
executed counterpart of this Amendment (or such party’s signature page thereof) will be deemed to be an executed original
thereof.

 

9.                 
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 Amendment and the consummation of the transactions
contemplated hereby.

 

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IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

 

 

 

DEBTOR:

 

GUIDED
THERAPEUTICS, INC.

 

 

By:
/s/ Gene S. Cartwright

Name:
Gene S. Cartwright

      Title:
CEO

 

 

LENDER:

 

TONAQUINT,
INC.

 

 

By:/s/
John M. Fife

John
M. Fife, PresidentExhibit
10.2

AMENDMENT
AGREEMENT

THIS
AMENDMENT AGREEMENT (the “Agreement”) is made and entered into as of February 11, 2016 by and among GPB Debt
Holdings II LLC and Aquarius Opportunity Fund (each, an “Assignee” and, collectively, the “Assignees”)
and Guided Therapeutics, Inc., a Delaware corporation (the “Company”).

W
I T N E S S E T H:

WHEREAS,
on September 10, 2014, the Company issued to Tonaquint Inc. (“Assignor”) a Secured Promissory Note in the principal
amount of $1,275,000 (as amended, the “Note”) pursuant to a Note Purchase Agreement, dated September 10, 2014,
between the Assignor and the Company (the “Purchase Agreement,” and together with the Note and all other documents,
including a Security Agreement, entered into in conjunction therewith, the “Loan Documents”);

 

WHEREAS,
in exchange for adequate consideration, upon the terms and conditions set forth in the Assignment and Assumption Agreement, Assignor
assigned to the Assignees, and each Assignee assumed, the Assigned Interest (as defined below);

 

WHEREAS,
Section 5(j) of the Note provides for an Event of Default under the Note if the Company’s market capitalization at any time
falls below $7,500,000.00 or the closing trade price of the Company’s common stock at any time falls below $0.05. The closing
price of the Company’s common stock first closed below $0.05 on October 9, 2015 (such Event of Default, the “Capitalization
Default”); and

 

WHEREAS,
the parties desire to waive the Capitalization Default and modify certain terms of the Note and the related Security Agreement,
dated September 10, 2014, made by the Company in favor of Assignor (the “Security Agreement”), pursuant to the terms
and conditions set forth herein;

 

NOW,
THEREFORE, the parties hereto hereby agree as follows:

		1.	Assignment
                                         and Assumption.

 

(a)Subject
to the terms and conditions of the Assignment and Assumption Agreement, the Assignor sold and assigned to each Assignee, and each
Assignee purchased and assumed from the Assignor: (i) all of the Assignor’s rights and obligations as a lender under the
Loan Documents and any other documents or instruments delivered pursuant thereto to the extent related to the portion of the outstanding
principal amount of the Note and all of such outstanding rights and obligations of the Assignor under the Loan Documents and (ii)
to the extent permitted by applicable law, all suits, claims, causes of action and any other right of the Assignor (as a lender)
against any person, whether known or unknown, arising under or with respect to the Loan Documents, any other documents or instruments
delivered pursuant thereto or the loan transactions governed thereby or otherwise based on or related to any of the foregoing,
including, but not limited to, contract claims, statutory claims, tort claims, malpractice claims and all other claims at law
or in equity with respect to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations
sold and assigned pursuant to clauses (i) and (ii) above, collectively, the “Assigned Interest”).

(b)The
closing of the transactions contemplated pursuant to this Agreement shall take place at a closing (the “Closing”),
to be held at such date, time and place at the law office of Sichenzia Ross Friedman Ference LLP (“SRFF”) on
or before February 9, 2016.

(c)At
the Closing, Assignor shall return the Note to the Escrow Agent for delivery to the Company, which shall, within three business
days thereafter, deliver a new note to each Assignee of equal like and tenor to the Note, except that each Assignee’s note
shall have a principal amount of 50% of the Note. Notwithstanding the foregoing, the Assignees shall have all rights as holders
of the Note immediately upon delivery of the Note to the Company.

(d)SEC
Reports; Financial Statements. Except as previously disclosed to the other parties hereto, the Company has filed all reports
required to be filed by it under the Exchange Act including pursuant to Section 13(a) or 15(d) thereof, for the prior two fiscal
years (the foregoing filed materials (together with any materials filed by the Company under the Exchange Act, whether or not
required), collectively referred to herein as the “SEC Reports”). The Company has made available to Assignor, the
Assignees or their respective representatives true, correct and complete copies of the SEC Reports. As of their respective dates,
the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange Act and the rules
and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder, and none of the
SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material fact required to be
stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. The financial statements of the Company contained in the SEC Reports comply in all materials respects with applicable
accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing. Such
financial statements have been prepared in accordance with generally accepted principles of good accounting practice in the United
States, consistently applied during the periods involved, except as may be otherwise specified in such financial statements or
the notes thereto, and fairly present in all materials respects the financial position of the Company and its consolidated subsidiaries
as of and for the dates thereof and the results of operations and cash flows for the period then ended, subject, in the case of
unaudited statements, to normal, year-end audit adjustments.

2.Amendment
of Note and Security Agreement; Waiver.

(a)Amendment
of Note. The Note is hereby amended by deleting Section 5(j) thereof and deleting references to such Section 5(j) in Section 6(a)
thereof.

(b)Amendments
to Security Agreement. Section 5.7 of the Security Agreement is hereby amended and restated to read as follows:

5.7not
to, directly or indirectly, allow, grant or suffer to exist any Lien upon any of the Collateral, other than Permitted Liens or
Liens that are junior in priority to all Liens in favor of Secured Party under this Agreement or arising under the other Transaction
Documents.

Section
7.1 of the Security Agreement entered into in connection with the issuance of the Note is amended and restated as follows:

7.1.
Default. Debtor shall be deemed in default under this Agreement upon the occurrence of an Event of Default (as defined in the
Note); provided that if a Default Notice (as defined in the Note) is required in order for Lender to exercise its rights under
Section 6(a) of the Note, then Debtor shall not be in default under this Agreement until Lender delivers such Default Notice.

(c)Waiver.
The Assignees hereby consent to and waive the Capitalization Default and the remedies resulting therefrom, including under Section
6(a) of the Note and Section 7 of the Security Agreement, from the time such Event of Default first arose. This waiver: (a) is
limited precisely as written and, except as expressly set forth herein, is not a consent to any amendment, waiver, or modification
of any other term or condition of any Loan Document; and (b) is a one-time waiver and is not to be construed as creating any course
of conduct on the part of any Assignee. Except as set forth in this Section 2, the Assignees reserve all rights and remedies granted
to them under the Loan Documents or applicable law or otherwise and nothing contained herein limits, impairs, or otherwise affects
an Assignee’s right to declare an Event of Default with respect to any future non-compliance with any covenant, term or
provision of the Loan Documents.

3.Miscellaneous.

(a)Entire
Agreement. This Agreement constitutes the entire agreement of the parties, superseding and terminating any and all prior or
contemporaneous oral and written agreements, understandings or letters of intent between or among the parties with respect to
the subject matter of this Agreement. No part of this Agreement may be modified or amended, nor may any right be waived, except
by a written instrument which expressly refers to this Agreement, states that it is a modification or amendment of this Agreement
and is signed by the parties to this Agreement, or, in the case of waiver, by the party granting the waiver. No course of conduct
or dealing or trade or custom and no course of performance shall be relied on or referred to by any party to contradict, explain
or supplement any provision of this Agreement, it being acknowledged by the parties to this Agreement that this Agreement is intended
to be, and is, the complete and exclusive statement of the Agreement with respect to its subject matter. Any waiver shall be limited
to the express terms thereof and shall not be construed as a waiver of any other provisions or the same provisions at any other
time or under any other circumstances.

(b)Severability.
If any section, term or provision of this Agreement shall to any extent be held or determined to be invalid or unenforceable,
the remaining sections, terms and provisions shall nevertheless continue in full force and effect.

(c)Notices.
All notices provided for in this Agreement shall be in writing signed by the party giving such notice, and delivered personally
or sent by overnight courier, mail or messenger against receipt thereof or sent by registered or certified mail, return receipt
requested, or by facsimile transmission or similar means of communication if receipt is confirmed or if transmission of such notice
is confirmed by mail as provided in this Section 7(c). Notices shall be deemed to have been received on the date of personal delivery
or telecopy or other receipt.

(d)Governing
Law. This Agreement shall be governed and construed in accordance with the laws of the State of New York applicable to agreements
executed and to be performed wholly within such State, without regard to any principles of conflicts of law. Each of the parties
hereby irrevocably consents and agrees that any legal or equitable action or proceeding arising under or in connection with this
Agreement shall be brought in the federal or state courts located in the County of New York in the State of New York, by execution
and delivery of this Agreement, irrevocably submits to and accepts the jurisdiction of said courts, (iii) waives any defense that
such court is not a convenient forum, and (iv) consents to any service of process made either (x) in the manner set forth in Section
7(c) of this Agreement (other than by telecopier), or (y) any other method of service permitted by law.

(e)Waiver
of Jury Trial. EACH PARTY hereby expressly waiveS any right to a trial by jury in
the event of any suit, action or proceeding to enforce this Agreement or any other action or proceeding which MAY arise
OUT OF OR IN ANY WAY BE CONNECTED WITH THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS.

(f)Parties
to Pay Own Expenses. Each of the parties to this Agreement shall be responsible and liable for its own expenses incurred in
connection with the preparation of this Agreement, the consummation of the transactions contemplated by this Agreement and related
expenses.

(g)Successors.
This Agreement shall be binding upon the parties and their respective heirs, executors, administrators, legal representatives,
successors and assigns; provided, however, that neither party may assign this Agreement or any of its rights under this Agreement
without the prior written consent of the other party.

(h)Further
Assurances. Each party to this Agreement agrees, without cost or expense to any other party, to deliver or cause to be delivered
such other documents and instruments as may be reasonably requested by any other party to this Agreement in order to carry out
more fully the provisions of, and to consummate the transaction contemplated by, this Agreement.

(i)Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
taken together shall constitute one and the same instrument. This Agreement may also be executed via facsimile or by e-mail delivery
of a “.pdf” format data file, which shall be deemed an original.

(j)No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties with the
advice of counsel to express their mutual intent, and no rules of strict construction will be applied against any party.

(k)Headings.
The headings in the Sections of this Agreement are inserted for convenience only and shall not constitute a part of this Agreement.

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IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

ASSIGNEES:

 

GPB
DEBT HOLDINGS II LLC

 

By:
/s/ Roger Anscher

Name:
Roger Anscher

Title:
Authorized Signatory

 

 

AQUARIUS
OPPORTUNITY FUND 

 

By:
/s/Gregory Pepin

Name:
Gregory Pepin

Title:
Investment Manager

 

COMPANY:

By:/s/
Gene S. Cartwright

Name:
Gene S. Cartwright

Title:
CEO Guided Therapeutics

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