Document:

Exhibit 10.2 

 

AMENDMENT TO 

CONSULTING AGREEMENT

 

THIS AMENDMENT TO CONSULTING
AGREEMENT (this “Amendment”) is made as of December 7, 2016 (the “Effective Date”) by
and between Guided Therapeutics, Inc., a Delaware corporation (the “Company”), and GPB Debt Holdings II LLC
(the “Consultant”), and amends that certain Consulting Agreement, dated as of February 12, 2016 by and between
the Company and the Consultant (collectively referred to as the “Parties”). Capitalized terms used herein without
definition shall have the meanings assigned to them in the Consulting Agreement.

 

WHEREAS, the Company
engages the Consultant to provide the services as specified in the Consulting Agreement;

   

WHEREAS, the Company
and the Consultant desire to amend the Consulting Agreement as set forth herein.

 

NOW, THEREFORE,
in consideration of the premises and of the mutual covenants, conditions and agreements set forth herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally
bound, hereby agree as follows:

 

1. Amendment of Consulting
Agreement. The Consulting Agreement is hereby amended as follows:

 

Section 3.1 of the Consulting
Agreement shall be amended and restated as the following:

 

“3.1
For the services and duties to be rendered and performed by the Consultant during the Engagement
Period and in consideration of the Consultant’s having entered into this agreement, the Company agrees to pay to the Consultant
a royalty equal to 3.85% of all Revenues (as hereinafter defined) invoiced and received by the Company during the period commencing
on the date hereof and ending on the fourth anniversary thereafter (the “Royalty Term”). The Company will pay the royalty
on a quarterly basis, as follows: no later than forty five (45) days following the end of each fiscal quarter during the Royalty
Term, the Company shall pay Consultant an amount equal to 3.85% of all Revenues invoiced and received by the Company during such
fiscal quarter. “Revenues” for a given fiscal quarter shall mean the amount invoiced and received by the Company for
any sales of its products during such fiscal quarter. For any fiscal quarter that begins prior to, or ends after, the Royalty Term,
the royalty shall be equal to 3.85% of all Revenues invoiced and received by the Company during the portion of the fiscal quarter
falling within the Royalty Term.”

 

2. Consideration.
In connection with the execution and delivery of this Amendment, the Consultant will pay no additional consideration.

 

3. Effect on Consulting
Agreement. Except as specifically provided herein, the Consulting Agreement shall remain in full force and effect.

 

4. No Third-Party Beneficiaries.
This Amendment is intended for the benefit of the Parties hereto and their respective successors and permitted assigns and is not
for the benefit of, nor may any provision hereof be enforced by, any other person.

 

5. Counterparts.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

6. Governing Law.
This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, regardless of the laws
that might otherwise govern under applicable principles of conflicts of law.

 

[Signature Pages Follow]

 

 

    	 		 

     

    

 

 

[Signature Page to the Amendment]

 

IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first above written by the undersigned thereunto duly authorized.

 

	 	 
	 	 
	 	 
	 	GUIDED THERAPEUTICS, INC.
	 	 
	 	 
	 	By: /s/ Gene S. Cartwright
	 	       Gene S. Cartwright
	 	        President and Chief Executive Officer
	 	 
	 	GPB DEBT HOLDINGS II LLC
	 	 
	 	 
	 	By: /s/ Evan Myrianthopoulos
	 	        Name: Evan Myrianthopoulos
	 	         Title: Authorized SignatoryExhibit 10.1

 

LIMITED LIABILITY COMPANY AGREEMENT

OF

BEMT SPRINGHOUSE, LLC

 

 

THIS LIMITED LIABILITY
AGREEMENT (“Agreement”) of BEMT Springhouse, LLC, a Delaware limited liability company (the “Company”),
is effective as of December 3, 2009, between the Company and Bluerock Enhanced Multifamily Holdings, L.P., a Delaware limited partnership,
as the sole member of the Company (the “Member”).

 

RECITALS

 

A.           The
Member has caused the Company to be organized as a Delaware limited liability company in accordance with the Delaware Limited Liability
Company Act, as amended and in force from time to time (the “Act”).

 

B.           The
undersigned desires to execute this Agreement in order to set forth the terms and conditions under which the management, business,
and financial affairs of the Company will be conducted.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the forgoing recitals and the mutual promises, covenants, and conditions herein contained, the receipt and sufficiency
of which are hereby acknowledged, the undersigned hereby covenants and agrees as follows:

 

ARTICLE I

PURPOSE AND POWERS OF COMPANY

 

1.01           Purpose.
The Company’s purpose is to acquire, hold, invest, sell or otherwise dispose of assets which it shall from time to time own,
and to engage in any and all other related business activities.

 

1.02           Powers.
The Company shall have all powers of a limited liability company organized under the Act and not proscribed by the Act, its Certificate
of Formation, or this Agreement.

 

ARTICLE II

NAME AND ADDRESS OF INITIAL MEMBER

 

2.01         Name and Address.The
name, address, and initial membership interest of the initial Member is as follows:

 

		Name/Address	Membership Interest
	 	 	 
	 	Bluerock
Enhanced Multifamily Holdings, L.P.,	100%

a Delaware
limited partnership

680 5th
Avenue, 16th Floor

New York,
New York 10019

 

     

     

    

 

ARTICLE III

MANAGEMENT BY SOLE MEMBER

 

3.01           In
General. The powers of the Company shall be exercised by, or under the authority of, and the business and affairs of the Company
shall be managed under the direction of, the Member. Subject to the other provisions of this Agreement, the Member shall be entitled
to make all decisions and take all actions for the Company, including the execution of all documents, agreements, certificates,
and other writings in the name of, and on behalf of, the Company.

 

3.02           Indemnification.
The Company shall indemnify, defend, and hold harmless the Member (including its members, officers, directors, agents, employees,
and affiliates) to the fullest extent permitted under the Act against any and all liability, damage, loss, cost, or expense (including,
without limitation, attorneys’ fees) incurred by the Member arising out of any transaction or course of conduct relating
to the business and affairs of the Company.

 

3.03           Elimination
of Liability. In any proceeding brought in the right of the Company or by or on behalf of the Members of the Company, the damages
assessed against a Member arising out of a single transaction, occurrence, or course of conduct shall not exceed one dollar, unless
such member engaged in willful misconduct or a knowing violation of the criminal law.

 

3.04           Advances.
Expenses (including legal fees and expenses) of the Member (including its members, officers, directors, agents, employees, and
affiliates) incurred by the Member arising out of any transaction or course of conduct relating to the business and affairs of
the Company may be paid by the Company in advance of the final disposition of any proceeding relating thereto.

 

ARTICLE IV

CONTRIBUTIONS TO THE COMPANY AND DISTRIBUTIONS

 

4.01           Member
Capital Contributions. The Member, upon execution of this Agreement shall have contributed as the Member’s initial capital
contribution the cash and/or other property set forth on Exhibit A attached hereto.

 

4.02           Distributions
and Allocations. All distributions of cash or other property (except upon the Company’s dissolution which shall be governed
by the applicable provisions of the Act) and all allocations of income, profits, and loss shall be made 100% to the Member in accordance
with his membership interest in the Company.

 

     

     

    

 

ARTICLE V

MISCELLANEOUS PROVISIONS

 

5.01           Governing
Law. This Agreement shall be construed, enforced, and interpreted in accordance with the laws of the State of Delaware without
regard to conflicts of law provisions and principals thereof.

 

5.02           Amendments.
No amendment or modification of this Agreement shall be effective unless approved in writing by the Member.

 

5.03           Construction.
Whenever the singular is used in this Agreement and when required by the context, the same shall include the plural, and the masculine
gender shall include the feminine and neuter genders, and vice versa.

 

5.04           Headings.
The headings in this Agreement are inserted for convenience only and are in no way intended to describe, interpret, define, or
limit the scope, extent, or intent of this Agreement or any provision hereof.

 

5.05           Heirs,
Successors, and Assigns. Each and all of the covenants, terms, provisions, and agreements herein contained shall be binding
upon, and inure to the benefit of, the parties hereto and, to the extent permitted by this Agreement, their respective heirs, legal
representatives, successors, and assigns.

 

5.06           Creditors.
None of the provisions of this Agreement shall be for the benefit of, or enforceable by any creditor of, the Company or the Member.

 

     

     

    

 

The undersigned hereby
agree, acknowledge, and certify that the foregoing constitutes the sole and entire Limited Liability Company Agreement of the Company,
effective as of the date first written above.

 

	SOLE MEMBER:	BLUEROCK ENHANCED MULTIFAMILY HOLDINGS, L.P.,

a Delaware limited partnership
	 	 	 	 
	 	By:	Bluerock Enhanced Multifamily Trust, Inc.,

a Maryland corporation
	 	 	 	 	 
	 	Its:	General Partner
	 	 	 	 	 
	 	 	By:	/s/ R. Ramin Kamfar
	 	 	 	R. Ramin Kamfar
	 	 	Its:	Chief Executive Officer
	 	 	 	 	 
	 	 	 	 	 
	COMPANY:	BEMT SPRINGHOUSE, LLC,

a Delaware limited liability company
	 	 	 	 	 
	 	By:	Bluerock Enhanced
Multifamily Holdings, L.P.,

a Delaware limited partnership
	 	 	 	 	 
	 	Its:	Sole Member
	 	 	 	 	 
	 	 	By:	Bluerock
Enhanced Multifamily Trust, Inc.,

a Maryland corporation
	 	 	 	 	 
	 	 	Its:	General
Partner
	 	 	 	 	 
	 	 	 	By:	/s/ R. Ramin Kamfar
	 	 	 	 	R. Ramin Kamfar
	 	 	 	Its:	Chief Executive Officer

 

     

     

    

 

EXHIBIT A

 

Initial Capital Contribution of the Member

 

	Members	Cash or Property Contributed	Amount
	Bluerock Enhanced Multifamily Holdings, L.P.	 	$100
	 	 	 
	TOTAL	 	$100

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