Document:

Exhibit

FIFTEENTH  MODIFICATION TO LOAN AND SECURITY AGREEMENT

This  Fifteenth  Modification  to  Loan  and  Security  Agreement  (this  "Modification")  dated  January  23,
2020,  is  entered  into  by  and  between  Neurometrix,   Inc.,  a Delaware  corporation  ("Borrower"),   and
Comerica Bank ("Banlc").

RECITALS

Banlc and Borrower  previously  entered  into  a Loan  and  Security  Agreement  dated  March  5,  2010,  as amended by the following:

the First Modification  to Loan and Security Agreement  dated March  1, 2011,
the Second Modification  to Loan and Security Agreement  dated February  15, 2012, the Third Modification  to Loan and Security Agreement  dated April  19, 2012,
the Fourth Modification  to Loan and Security Agreement  dated January 28, 2013, the Fifth Modification  to Loan and Security Agreement  dated January 31, 2014, the Sixth Modification  to Loan and Security Agreement  dated January 23, 2015,
the Seventh Modification  to Loan and Security Agreement  dated January  14, 2016, the Eighth Modification  to Loan and Security Agreement  dated December  29, 2016, the Ninth Modification  to Loan and Security Agreement  dated January  17, 2018,
the Tenth Modification  to Loan and Security Agreement  dated January  14, 2019,
the Eleventh Modification to Loan and Security Agreement  dated March 25, 2019, the Twelfth Modification  to Loan and Security Agreement  dated June 21, 2019,
the Thirteenth Modification  to Loan and Security Agreement  dated September 30, 21, 2019, and the Fourteenth Modification  to Loan and Security Agreement  dated November  27, 2019 (collectively "Agreement").

NOW,  THEREFORE,   for  good  and valuable  consideration,  the  receipt  and  sufficiency  of which  are hereby acknowledged, the parties agree as set forth below.

AGREEMENT

1.           Incorporation  by Reference.  The Recitals  and the documents referred to therein are incorporated herein by this reference.   Except as otherwise noted, the terms not defined herein shall have the meanings set forth in the Agreement.

2.          Modification to the Agreement.   Subject to the satisfaction of the conditions precedent as set forth in Section 3 hereof, the Agreement  is hereby modified as set forth below.

(a)         The  following  defined  terms  and  their  respective   definitions,   which  are  set  forth  in
Exhibit A of the Agreement,  are given the following amended definitions:

" 'Letter  of Credit  Sublimit'  means a sublimit  for Letters  of Credit under the Revolving
Line not to exceed $250,000.

" 'Revolving Line'  means a Credit Extension  of up to $250,000 (inclusive of any amounts outstanding under the Letter of Credit Sublimit)."

"'Revolving Maturity Date' means April 30, 2020."

3.           Legal Effect.

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(a)         Except  as expressly  set forth herein,  the  execution,  delivery,  and  performance  of this Modification  shall not operate as a waiver of,  or as an amendment  of, any right, power,  or remedy of Bank  under  the  Agreement,   as  in  effect  prior  to  the  date  hereof.    Borrower  ratifies  and reaffirms  the  continuing  effectiveness of all promissory  notes,  guaranties,  security agreements, environmental  agreements,  and all other instruments,  documents  and agreements  entered into in connection with the Agreement.

(b)        Borrower represents  and warrants that the representations  and warranties  contained  in the Agreement  are true and correct  as of the date of this Modification,  and that no Event  of Default has occurred and is continuing.

(c)         The  effectiveness  of this  Modification   and  each  of the  documents,   instruments  and agreements  entered into in connection with this Modification  is conditioned upon receipt by Bank of:

(i)         this Modification  and any other documents  which Bank may require to carry out the terms hereof; and

(ii)        payment of any Bank expenses incurred through the date of this Modification.

4.          Recertification of Authority.   The certificate of incorporation,  bylaws, and corporation  resolutions previously  or concurrently  delivered  to Bank remain  in full force and effect, have  not been  amended, repealed  or rescinded  in any respect  and may continue to be relied upon by Bank until written  notice to the  contrary  is  received  by  Bank,  the  officers  named  therein  continue  to  hold  those  positions,   and Borrower  continues to be in good standing under the laws of the State of Delaware.

5.            No  Other  Changes.   Except  as specifically  provided  in this  Modification,  it does not vary  the terms  and  provisions  of any  of the  Loan  Documents.    This  Modification   shall  not  impair  the  rights, remedies,  and security given in and by the Loan Documents.   The terms of this Modification  shall control any conflict between its terms and those of the Agreement.

6.          Integration.   This   is  an  integrated  Modification   and   supersedes   all  prior   negotiations   and agreements regarding the subject matter hereof.   All amendments  hereto must be in writing and signed by the parties.

7.          Release   and   Waiver.      Borrower   waives,   discharges,   and   forever  releases   Bank,   Bank's employees,  officers,  directors,  attorneys,  stockholders,  and their successors  and assigns, from  and of any and all claims, causes of action, allegations or assertions that Borrower has or may have had at any time up through and including the date of this Amendment,  against any or all of the foregoing,  regardless of whether any such  claims, causes of action, allegations or assertions are known to Borrower or whether any such claims, causes of action, allegations or assertions arose as result of Bank's actions or omissions in connection with the Loan Agreement,  any other Loan Document,  any amendments, extensions or modifications thereto, or Bank's administration of the Indebtedness or otherwise.  It is further understood and agreed that any and all rights under the provisions of Section  1542  of the California Civil Code are expressly waived by Borrower.   Section 1542 of the California Civil Code provides as follows:

A  GENERAL  RELEASE  DOES  NOT  EXTEND  TO  CLAIMS  THAT  THE  CREDITOR OR RELEASING  PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR  AT THE TIME OF EXECUTING  THE RELEASE  AND THAT, IF KNOWN  BY HIM  OR  HER,  WOULD  HAVE  MATERIALLY  AFFECTED   HIS  OR  HER SETTLEMENT  WITH THE DEBTOR  OR RELEASED  PARTY.

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8.            Counterparts.    This Modification  may be executed  in one or more  counterparts,  each of which shall be deemed an original but all of which taken together  shall constitute  one and the same Agreement, and shall become effective when one or more counterparts  have been signed by each of the parties hereto and delivered to the other party.

IN WITNESS  WHEREOF,  the parties have  agreed to this Fifteenth  Modification  to Loan  and Security
Agreement  as of the date first set forth above.

BANK:                                                                               BORROWER:

Comerica Bank

By:                                                                      _ Bryan W. Kana
 

By :_-A:ii::::::::1-------=--H-l---==--:-"'7'1'----•

 
Printed Name: -࿽-࿽-࿽࿽------

Its:
 
Vice President
 
Its:                                                                       _

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ELEVENTH MODIFICATION TO LOAN AND  SECURITY AGREEMENT

This Eleventh Modification  to Loan and Security Agreement  (this "Modification")  dated March 25, 2019, is entered into by and between Neurometrix, Inc.,  a Delaware corporation  ("Borrower"),  and Comerica Bank  ("Bank").

RECITALS

Bank  and Borrower previously  entered  into  a Loan  and  Security  Agreement  dated  March  5, 2010,  as amended by the following:

the First Modification  to Loan and Security Agreement  dated March 1, 2011,
the Second Modification  to Loan and Security Agreement  dated February  15, 2012, the Third Modification  to Loan and Security Agreement  dated April 19, 2012,
the Fourth Modification to Loan and Security Agreement  dated January 28, 2013,
the Fifth Modification  to Loan and Security Agreement  dated January 31, 2014, the Sixth Modification to Loan and Security Agreement  dated January 23, 2015,
the Seventh Modification to Loan and Security Agreement dated January  14, 2016,
the Eighth Modification  to Loan and Security Agreement  dated December 29, 2016, the Ninth Modification to Loan and Security Agreement  dated January  17, 2018, and
the Tenth  Modification  to Loan  and  Security  Agreement  dated January  14,  2019  (collectively
"Agreement").

NOW,  THEREFORE,   for  good  and valuable  consideration,  the  receipt  and  sufficiency  of which  are hereby acknowledged,  the parties agree as set forth below.

AGREEMENT

1.           Incorporation by Reference.  The Recitals and the documents  referred to therein are incorporated herein by this reference.   Except as otherwise noted, the terms not defined herein shall have the meanings set forth in the Agreement.

2.          Modification to the Agreement.   Subject to the satisfaction of the conditions precedent as set forth in Section 3 hereof, the Agreement  is hereby modified as set forth below.

(a)         The following defined term, which is set forth in Exhibit A of the Agreement,  is given the following amended definition:

'Revolving  Maturity Date' means June 30, 2019."

3.           Legal Effect.

(a)         Except  as expressly  set  forth herein,  the  execntion,  delivery,  and performance  of this Modification shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Bank  under  the  Agreement,   as  in  effect  prior  to  the  date  hereof.    Borrower  ratifies  and reaffirms the continuing  effectiveness  of all promissory  notes,  guaranties, security agreements, environmental agreements,  and all other instruments, documents  and agreements  entered into in connection with the Agreement.

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(b)          Borrower represents and warrants  that the representations and warranties contained in the Agreement are true  and  correct  as of the date  of this  Modification, and that  no Event of Default has occurred and is continuing.

(c)         The  effectiveness  of this   Modification  and  each   of the  documents,  instruments  and agreements  entered  into in connection with this Modification is conditioned  upon receipt by Bank of:

(i)          this Modification  and any other  documents which  Bank may require to carry  out the terms  hereof; and

(ii)         payment of any Bank expenses incurred through the date of this Modification.

4.           No  Other  Changes.     Except   as  specifically  provided   in this  Modification,  it does  not  vary  the terms  and  provisions  of any  of the  Loan  Documents.   This  Modification  shall  not  impair  the  rights, remedies,  and security  given  in and by the Loan Documents.  The terms  of this Modification shall control any conflict  between  its terms  and those  of the Agreement.

5.           Integration.   This   is   an   integrated   Modification   and   supersedes  all   prior  negotiations   and agreements regarding the  subject matter  hereof.   All amendments hereto  must  be in writing  and signed  by the parties.

6.           Release    and   Waiver.      Borrower   waives,    discharges,   and   forever   releases    Bank,   Bank's employees, officers,  directors,  attorneys, stockholders,  and their  successors and assigns, from  and of any and  all claims,  causes  of action,  allegations  or assertions that  Borrower has or may have  had at any time up through  and  including the  date  of this Amendment, against  any  or all of the foregoing, regardless of whether  any  such  claims, causes of action,  allegations or assertions are known  to Borrower or whether any such  claims,  causes  of action,  allegations  or assertions  arose  as result of Bank's actions  or omissions in connection  with  the  Loan  Agreement,  any  other  Loan  Document,  any  amendments,  extensions  or modifications  thereto,  or Bank's administration  of the Indebtedness  or otherwise.  It  is  further  understood and  agreed  that  any  and  all  rights  under  the  provisions of Section  1542  of the  California  Civil  Code  are expressly waived by Borrower.  Section  1542 of the California Civil Code provides as follows:

A GENERAL  RELEASE  DOES  NOT  EXTEND  TO  CLAIMS  THAT  THE  CREDITOR OR RELEASING  PARTY DOES NOT KNOW OR SUSPECT TO EXIST JN ms OR HER
FAVOR AT THE TIME  OF EXECUTJNGTHE RELEASE  AND THAT, IF KNOWN BY
HIM  OR  HER,  WOULD  HAVE  MATERIALLY AFFECTED   HIS  OR  HER SETTLEMENT WITH THE DEBTOR OR RELEASED  PARTY.]

7.          Counterparts.    This Modification  may be executed  in  one or more counterparts,  each of which shall be deemed an original but all of which taken together shall constitute one and the same Agreement, and shall become effective when one or more counterparts  have been signed  by each of the parties hereto and delivered to the other party.

[end of Modification;  signature page follows]

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IN WITNESS  WHEREOF,  the parties  have agreed to this Eleventh  Modification  to Loan  and Security
Agreement  as of the date first set forth above.

BANK:

Comerica Bank

By࿽
,࿽Kana
Its:        Vice President

33282312.31125055-00765
 
BORROWER:

 

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