Document:

Exhibit 10.3

 

AMENDMENT TO OFFER OF EMPLOYMENT

 

This Amendment to Offer
of Employment (“Amendment”) is effective as of September 28, 2018 (“Effective Date”),
by and among Pershing Gold Corporation, a Nevada corporation (the “Company”), and Timothy M. Janke (the “Employee”),
and amends that certain Offer of Employment (the “Original Agreement”), dated January 10, 2018 between the Company
and Employee. Capitalized terms used in this Amendment without definition have the meanings given in the Original Agreement.

 

WHEREAS, the severance
and change in control protections set forth in the Original Agreement expire on December 31, 2018.

 

WHEREAS, the parties
desire to modify the Original Agreement to extend the severance and change in control protections set forth in the Original Agreement
through March 31, 2019.

 

NOW, THEREFORE, in consideration of the
mutual covenants and promises contained herein, the parties hereby agree as follows:

 

		1.	Amendment. The term set forth in the first sentence of the Severance and Change in Control
section of the Original Agreement is hereby extended to March 31, 2019.

 

		2.	General. Except as otherwise modified herein, all other terms and provisions of the Original
Agreement shall remain in full force and effect. The performance and construction of this Amendment shall be governed by the internal
laws of the State of Nevada. This Amendment may be executed in any number of counterparts, with each such counterpart constituting
an original and all such counterparts constituting but one and the same instrument. Signatures may be exchanged by facsimile or
by an email scanned .PDF signature page, with original signatures to follow. Each party agrees that it will be bound by its own
facsimiled or .pdf-scanned signature and that it accepts the facsimiled or PDF-scanned signature of the other party.

 

    	1

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Amendment as of the Effective Date.

 

	
         

        
	PERSHING GOLD CORPORATION
	 	 
	 	By: 	/s/ Stephen D. Alfers
	 	Its: President and Chief Executive Officer
	 	Name: Stephen D. Alfers

 

	 	/s/ Timothy M. Janke
	 	Timothy M. Janke

 

    	2CareView
Communications, Inc. 8-K

 

Exhibit 10.10

 

FIFTH AMENDMENT TO MODIFICATION AGREEMENT

This FIFTH AMENDMENT
TO MODIFICATION AGREEMENT (this “Amendment”) is made and entered into as of September 28, 2018
(the “Amendment Effective Date”), by and among CAREVIEW COMMUNICATIONS, INC., a Nevada corporation (“Holdings”),
CAREVIEW COMMUNICATIONS, INC., a Texas corporation and a wholly owned subsidiary of Holdings (the “Borrower”),
CAREVIEW OPERATIONS, L.L.C., a Texas limited liability company (the “Subsidiary Guarantor”), and PDL
INVESTMENT HOLDINGS, LLC (as assignee of PDL BioPharma, Inc.), a Delaware limited liability company (both in its capacity as the
lender (“Lender”) and in its capacity as Agent (solely in such capacity as Agent, the “Agent”))
under the Credit Agreement (as defined below).

RECITALS

A.       

Reference is made to
that certain Credit Agreement dated as of June 26, 2015, among Holdings, the Borrower, the Lender and the Agent (as amended, supplemented
or modified as of the date hereof (the “Credit Agreement”), including pursuant to that certain First
Amendment to Credit Agreement dated as of October 7, 2015, that certain Modification Agreement dated as of February 2, 2018 (the
“Modification Agreement”), that certain Second Amendment to Credit Agreement dated as of February 23,
2018 (the “Second Amendment”), that certain Amendment to Modification Agreement dated as of May 31, 2018
(the “First Modification Amendment”), that certain Second Amendment to Modification Agreement dated as
of June 14, 2018 (the “Second Modification Amendment”), that certain Third Amendment to Modification
Agreement dated as of June 28, 2018 (the “Third Modification Amendment”), that certain Third Amendment
to Credit Agreement dated as of July 13, 2018, and that certain Fourth Amendment to Modification Agreement dated as of August
31, 2018 (the “Fourth Modification Amendment”)); capitalized terms used and not defined in this Amendment
shall have the meaning set forth in the Credit Agreement.

B.       

Pursuant to the Modification
Agreement, as amended by the Second Amendment, the parties agreed that the Borrower shall obtain (i) at least $2,050,000 in
net cash proceeds from the issuance of Capital Stock (other than Disqualified Stock) or Debt on or prior to February 23, 2018
(which obligation Borrower satisfied by Holdings’ issuance of Debt pursuant to that certain Eighth Amendment to Note and
Warrant Purchase Agreement dated as of February 23, 2018) and (ii) an additional $3,000,000 in net cash proceeds from the
issuance of Capital Stock (other than Disqualified Stock) or Debt on or prior to May 31, 2018 (resulting in aggregate net
cash proceeds of at least $5,050,000).

C.       

Pursuant to the First
Modification Amendment, as amended by the Second Modification Amendment, the Third Modification Amendment and the Fourth Modification
Amendment, the parties agreed, among other things, to provide that the Borrower shall satisfy its obligation to obtain financing
referenced in B. above by obtaining: (i) at least $2,050,000 in net cash proceeds from the issuance of Capital Stock (other
than Disqualified Capital Stock) or Debt on or prior to February 23, 2018; and (ii) an additional (A) $750,000 in net
cash proceeds from the issuance of Capital Stock (other than Disqualified Capital Stock) or Debt on or prior to July 13, 2018 and
(B) $750,000 in net cash proceeds from the issuance of Capital Stock (other than Disqualified Capital Stock) or Debt on or
prior to September 30, 2018 (resulting in aggregate net cash proceeds of $3,550,000).

D.       

The parties wish to
enter into this Amendment to extend the period referred to in C.(ii)(B) above from “September 30, 2018” until
November 12, 2018.

E.       

Pursuant to the Modification
Agreement, as amended by the First Modification Amendment, the parties also agreed that (i) the Lender shall have a right
to terminate the Modification Period (as defined in the Modification Agreement) on July 31, 2018 and September 30, 2018 (with each
such date permitted to be extended by the Lender in its sole discretion), and (ii) the Liquidity covenant set forth in the
Credit Agreement would be reduced to $2,500,000 during the Modification Period.

    	 

    	 

    

F.       

The parties also wish
to enter into this Amendment to extend the date for Lender to terminate the Modification Period from September 30, 2018 until November 12,
2018, and to further reduce the Liquidity covenant during the Modification Period from $2,500,000 to $1,825,000.

NOW, THEREFORE,
in consideration of the above premises, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows:

Article
I.

AMENDMENTs TO MODIFICATION AGREEMENT

Upon the Amendment
Effective Date:

1.1       

Modification Period.
Section 2 of the Modification Agreement, as amended by the First Modification Amendment, is amended and restated in its entirety
as follows:

“2.

Modification
Period. Subject to the terms and conditions set forth herein, so long as no Modification Termination Event (as defined below)
shall have occurred, each of the Agent and the Lender agrees that the occurrence and continuance of any of the Covered Events shall
not constitute Events of Default from the Effective Date through the earliest to occur of any Modification Termination Event (the
“Modification Period”) and, for the avoidance of doubt, that the Default Rate shall not apply during the Modification
Period. As used herein, “Modification Termination Event” shall mean the earliest to occur of: (a) the occurrence of
any Event of Default under any Loan Documents that does not constitute a Covered Event; (b) the occurrence of any Agreement Event
of Default (as defined below); (c) the Lender’s delivery to Holdings and the Borrower of a Lender Termination Notice (as
defined below); and (d) December 31, 2018, subject to the Lender’s right, in its sole discretion, to terminate the Modification
Period on July 31, 2018 and November 12, 2018 (with each such date permitted to be extended by the Lender in its sole
discretion). Notwithstanding any other provision of this Modification Agreement or any other Loan Document, all principal and interest
otherwise due to Lender through the end of the Modification Agreement shall be due and payable at the end of the Modification Period
and if not paid in full in Cash at that time shall bear interest at the Default Rate from and after the end of the Modification
Period.”

1.2       

Deadline for Raising
Monies. The first sentence of Section 5(a) of the Modification Agreement, as previously amended by the Second Amendment, the
First Modification Amendment, the Second Modification Amendment, the Third Modification Amendment and the Fourth Modification Amendment,
is amended and restated in its entirety as follows:

“(a)
The Borrower shall obtain: (i) at least $2,050,000 in net cash proceeds from the issuance of Capital Stock (other than Disqualified
Capital Stock) or Debt on or prior to February 23, 2018; and (ii) an additional (A) $750,000 in net cash proceeds from
the issuance of Capital Stock (other than Disqualified Capital Stock) or Debt on or prior to July 13, 2018 and (B) $750,000
in net cash proceeds from the issuance of Capital Stock (other than Disqualified Capital Stock) or Debt on or prior to November 12,
2018 (resulting in aggregate net cash proceeds of $3,550,000); provided that all such Debt described in clauses (i) and (ii) shall
be subordinated to the Loans under the Credit Agreement on terms satisfactory to the Lender in its sole discretion.”

1.3       

Liquidity. Section
5(b) of the Modification Agreement is amended and restated in its entirety as follows:

“(b)
The Borrower shall not suffer or permit Liquidity to be less than $1,825,000 at any time. For the avoidance of doubt, any breach
of the Liquidity covenant set forth in Section 7.16 of the Credit Agreement during the Modification Period shall not constitute
an Event of Default under the Credit Agreement, Agreement Event of Default or Modification Termination Event so long as Borrower
does not suffer or permit Liquidity to be less than $1,825,000 at any time.”

    	 	2	 

    	 

    

Article
II.

REPRESENTATIONS AND WARRANTIES

In order to induce
the Agent and the Lender to enter into this Amendment, each of Holdings, the Borrower and the Subsidiary Guarantor hereby represents
and warrants to the Agent and the Lender that as of the date hereof, both prior to and after giving effect to this Amendment:

2.1       

Organization.
Holdings is a corporation validly existing and in good standing under the laws of the State of Nevada; the Borrower is a corporation
validly existing and in good standing under the laws of the State of Texas; and each other Loan Party and each of its Subsidiaries
is duly organized, validly existing and in good standing (as applicable) under the laws of the jurisdiction of its incorporation
or organization. Each Loan Party has all power and authority and all material governmental approvals required for the ownership
and operation of its properties and the conduct of its business as now conducted and as proposed to be conducted and is qualified
to do business, and is in good standing (as applicable), in every jurisdiction where, because of the nature of its activities or
properties, such qualification is required, except for such jurisdictions where the failure to so qualify could not reasonably
be expected to have a Material Adverse Effect.

2.2       

Due Authorization.
The execution, delivery and performance of this Amendment, and the performance of its obligations under the Modification Agreement
and Credit Agreement, each as amended hereby, have been duly authorized by all necessary action on the part of each Loan Party
that is a party hereto.

2.3       

No Conflict.
The execution, delivery and performance of this Amendment by each Loan Party that is a party hereto and the consummation of the
transactions contemplated hereby do not and will not (a) require any consent or approval of, or registration or filing with or
any other action by, any Governmental Authority (other than any consent or approval which has been obtained and is in full force
and effect), (b) conflict with (i) any provision of material Applicable Law, (ii) the charter, by-laws, limited liability company
agreement, partnership agreement or other organizational documents of any Loan Party or (iii) any material agreement, indenture,
instrument or other document, or any judgment, order or decree, which is binding upon any Loan Party or any of their respective
properties or (c) require, or result in, the creation or imposition of any Lien on any asset of Holdings, the Borrower or any other
Loan Party (other than Permitted Liens and Liens in favor of the Agent created pursuant to the Collateral Documents).

2.4       

Incorporation of
Representations and Warranties from Loan Documents. Each representation and warranty by each Loan Party that is a party hereto
contained in the Modification Agreement, the Credit Agreement or in any other Modification Document or Loan Document to which such
Loan Party is a party is true and correct in all material respects (without duplication of any materiality qualifier contained
therein) as of the date hereof (or as of a specific earlier date if such representation or warranty expressly relates to an earlier
date).

2.5       

No Default.
Both prior to and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing, and no
Default or Event of Default will result from the execution and delivery of this Amendment and the consummation of the transactions
contemplated herein.

2.6       

Validity; Binding
Nature. This Amendment has been duly executed by each Loan Party that is a party hereto, and each of (i) this Amendment, (ii) the
Modification Agreement as amended hereby and (iii) the Credit Agreement as amended hereby is the legal, valid and binding obligation
of each Loan Party that is a party hereto, enforceable against such Person in accordance with its terms, subject to bankruptcy,
insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity.

    	 	3	 

    	 

    

Article
III.

MISCELLANEOUS

3.1       

Modification and
Loan Document. This Amendment is a Modification Document and Loan Document executed pursuant to the Credit Agreement and shall
(unless otherwise expressly indicated therein) be construed, administered and applied in accordance with the terms and provisions
of the Credit Agreement.

3.2       

Effect of Amendment.
Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of,
or otherwise affect, the rights and remedies of the parties to the Credit Agreement and shall not alter, modify, amend or in any
way affect any of the terms or conditions contained therein, all of which are ratified and affirmed in all respects and shall continue
in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to any future consent with respect to, or waiver,
amendment, modification or other change of, any of the terms or conditions contained in the Credit Agreement in similar or different
circumstances. Except as expressly stated herein, the Agent and the Lender reserve all rights, privileges and remedies under the
Loan Documents. All references in the Credit Agreement and the other Loan Documents to the Credit Agreement shall be deemed to
be references to the Credit Agreement as modified hereby.

3.3       

Reaffirmation.
Each of Holdings, the Borrower and the Subsidiary Guarantor hereby reaffirms its obligations under each Modification Document and
Loan Document to which it is a party. Each of Holdings, the Borrower and the Subsidiary Guarantor hereby further ratifies and reaffirms
the validity and enforceability of all of the liens and security interests heretofore granted, pursuant to and in connection with
the Guarantee and Collateral Agreement or any other Loan Document, to the Agent, as collateral security for the obligations under
the Loan Documents in accordance with their respective terms, and acknowledges that all of such liens and security interests, and
all Collateral heretofore pledged as security for such obligations, continue to be and remain collateral for such obligations from
and after the date hereof.

3.4       

Fees and Expenses.
The Borrower agrees to pay within five Business Days of the Amendment Effective Date, by wire transfer of immediately available
funds to an account of the Agent designated in writing, reimbursement from the Borrower of all costs and expenses incurred by the
Agent and the Lender in connection with this Amendment, including any and all fees payable or owed to Gibson, Dunn & Crutcher
LLP in connection with the drafting, negotiation, and execution of this Amendment.

3.5       

Counterparts.
This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and
all of which shall constitute together but one and the same agreement. Delivery of an executed signature page of this Amendment
by facsimile transmission or electronic transmission shall be as effective as delivery of a manually executed counterpart hereof.

3.6       

Construction; Captions.
Each party hereto hereby acknowledges that all parties hereto participated equally in the negotiation and drafting of this Amendment
and that, accordingly, no court construing this Amendment shall construe it more stringently against one party than against the
other. The captions and headings of this Amendment are for convenience of reference only and shall not affect the interpretation
of this Amendment.

3.7       

Successors and Assigns.
This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns
(as permitted under the Credit Agreement).

3.8       

GOVERNING LAW.
THIS AMENDMENT, THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO, AND ANY CLAIMS OR DISPUTES RELATING THERETO SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES (OTHER
THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

    	 	4	 

    	 

    

3.9       

Severability.
The illegality or unenforceability of any provision of this Amendment or any instrument or agreement required hereunder shall not
in any way affect or impair the legality or enforceability of the remaining provisions of this Amendment or any instrument or agreement
required hereunder.

3.10       

Release of Claims.
In consideration of the Lender’s and Agent’s agreements contained in this Amendment, each of Holdings, the Borrower
and the Subsidiary Guarantor hereby releases and discharges the Lender and the Agent and their affiliates, subsidiaries, successors,
assigns, directors, officers, employees, agents, consultants and attorneys (each, a “Released Person”)
of and from any and all other claims, suits, actions, investigations, proceedings or demands, whether based in contract, tort,
implied or express warranty, strict liability, criminal or civil statute or common law of any kind or character, known or unknown,
which Holdings, the Borrower or the Subsidiary Guarantor ever had or now has against the Agent, any Lender or any other Released
Person which relates, directly or indirectly, to any acts or omissions of the Agent, any Lender or any other Released Person relating
to the Modification Agreement or Credit Agreement or any other Modification Document or Loan Document on or prior to the date hereof.

 

[Signature page follows] 

 

 

    	 	5	 

    	 

    

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

 

	 	CAREVIEW COMMUNICATIONS, INC.,
	 	a Nevada corporation,
	 	as Holdings
	 	 
	 	By:	/s/ Steven G. Johnson
	 	 	Name:  Steven G. Johnson
	 	 	Title:  President and Chief Executive Officer
	 	 
	 	CAREVIEW COMMUNICATIONS, INC.,
	 	a Texas corporation,
	 	as Borrower
	 	 
	 	By:	/s/ Steven G. Johnson
	 	 	Name:  Steven G. Johnson
	 	 	Title:  President and Chief Executive Officer
	 	 
	 	CAREVIEW OPERATIONS, L.L.C.,
	 	a Texas limited liability company,
	 	as Subsidiary Guarantor
	 	 
	 	By:	/s/ Steven G. Johnson
	 	 	Name:  Steven G. Johnson
	 	 	Title:  President and Chief Executive Officer

 

 

 

[Signature Page to Fifth Amendment to Modification
Agreement]

 

    	 

    	 

    

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

 

 

	 	PDL INVESTMENT HOLDINGS, LLC,
	 	a Delaware limited liability company,
	 	as Agent
	 	 
	 	By:	/s/ Christopher Stone
	 	 	Name:  Christopher Stone
	 	 	Title:  CEO and Treasurer
	 	 
	 	PDL INVESTMENT HOLDINGS, LLC,
	 	a Delaware limited liability company,
	 	as Lender
	 	 	 
	 	By:	/s/ Christopher Stone
	 	 	Name:  Christopher Stone
	 	 	Title:  CEO and Treasurer

 

 

 

[Signature Page to Fifth Amendment to Modification
Agreement]

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