Document:

Exhibit

THIRTEENTH MODIFICATION TO LOAN AND SECURITY AGREEMENT

This Thirteenth Modification to Loan and Security Agreement  (this "Modification")  dated September 30,
21,  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  I, 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, 20 I 6, the Eighth Modification  to Loan and Security Agreement  dated December 29, 2016, the Ninth Modification  to Loan and Security Agreement  dated January  I 7, 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, and
the Twelfth Modification  to Loan and Security Agreement dated June 2 I, 20 I 9 (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

I.          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 November  30, 2019."

3.          Legal Effect.

(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.

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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 Defanlt 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 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.

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 Thirteenth Modification  to Loan and Security
Agreement  as of the date first set forth above.

BANK:

Comerica Bank
By:--;;-࿽fz:zt;,.
 

 
:a:?࿽࿽
 
BORROWER:

Its:        Vice President

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FOURTEENTH MODIFICATION TO LOAN  AND  SECURITY AGREEMENT AND WAIVER

This Fourteenth  Modification  to Loan and Security Agreement  and Waiver  (this "Modification")   dated November   27,  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,
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, and
the Thirteenth Modification to Loan and Security Agreement dated September 30, 21, 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

I.          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 January 14, 2020."

3.           Legal Effect.

(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, enviromnental  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.          Waiver of Default.   Borrower acknowledges that it is not in compliance with the Loan Agreement because  it  has  failed  to  comply  with  Section  6.2(a)(vii)   (annual  budgets)  for  the  2019  fiscal  year ("Identified  Default").   Bank waives  any default  or Event of Default  under the Loan Agreement  arising out of the Identified  Default,  but does not waive  compliance  with that Section  at or for  any subsequent time or period.  This provision is not a waiver of or consent to any other event, condition, transaction,  act or omission whether related or unrelated to the Identified Default.  This provision shall not be deemed to constitute  or be construed  as a course  of dealing obligating Bank to  provide  any waiver,  amendment, consent or other modification of the terms provided in the Loan Documents to Borrower at any time or to confer on Borrower  any right to notice or cure periods with respect to any further Event of Default.

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 bereof.  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.

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,

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Comerica Bank

By:                                                                     _ Bryan W. Kana

Its:
 
Vice President

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Comerica Bank

By:࿽;:: Its:        Vice President

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NeuroMetrix, Inc., a Delaware  corporation

By:                                                                     _ Printed Name:                                                        _ Its:                                                                           _

 

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