Document:

EX-4.3

 Exhibit 4.3 

EXECUTION VERSION 
 THIRD
AMENDMENT TO CREDIT AGREEMENT 
 This THIRD AMENDMENT TO CREDIT AGREEMENT, dated as of September 9, 2014 (this
“Amendment”), is by and among CENTERPOINT ENERGY RESOURCES CORP., a Delaware corporation (the “Borrower”), the Extending Banks (each of which is designated as such on its signature page hereto, collectively, the
“Extending Banks”), the New Banks (each of which is designated as such on its signature page hereto, collectively, the “New Banks”) and each Declining Bank (each of which is designated as such on its signature page
hereto, collectively, the “Declining Banks”) and CITIBANK, N.A., as administrative agent for the Banks (in such capacity, the “Administrative Agent”). 

W I T N E S S E T H: 
 WHEREAS,
the Borrower, the banks and other financial institutions from time to time parties thereto (collectively, the “Banks”) and the Administrative Agent are parties to that certain Credit Agreement, dated as of September 9, 2011 (as
heretofore amended, supplemented or otherwise modified, the “Credit Agreement”); 
 WHEREAS, the Borrower has requested
that the Banks agree to amend the Credit Agreement as provided herein (the Credit Agreement, as amended hereby, the “Amended Credit Agreement”), and the Banks and the Administrative Agent are agreeable to such request upon the terms
and subject to the conditions set forth herein; and 
 WHEREAS, pursuant to Section 2.7 of the Amended Credit Agreement, the
Borrower has requested that the Maturity Date for each Bank be extended to September 9, 2019 (the “Extension”). 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows: 
 SECTION 1. Definitions. Unless otherwise defined in this Amendment, capitalized terms used in this Amendment
which are defined in the Amended Credit Agreement, shall have the meanings assigned to such terms in the Amended Credit Agreement. The interpretive provisions set forth in Section 1.3 of the Credit Agreement shall apply to this Amendment. 

SECTION 2. Amendments to the Credit Agreement. Subject to the terms and conditions set forth herein and in reliance upon the
representations and warranties herein contained, the Credit Agreement is hereby amended as follows: 
 (a) Section 1.1 of the
Credit Agreement is hereby amended by inserting the following defined terms in their appropriate alphabetical order: 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower
or any of its Subsidiaries from time to time concerning or relating to bribery or corruption. 

 “Sanctioned Country” means, at any time, a country or territory
which is itself the subject or target of any Sanctions (at the time of this Agreement, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated
Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled
by any such Person or Persons described in the foregoing clauses (a) or (b). 
 “Sanctions” means
economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S.
Department of State or other relevant sanctions authority. 
 (b) Section 1.1 of the Credit Agreement is hereby amended by
replacing the definitions of “FATCA” and “L/C Commitment” in their entirety with the following definitions: 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code
and any intergovernmental agreement between the United States and another country modifying the provisions of the foregoing. 

“L/C Commitment” means the amount of $100,000,000. 

(c) The definition of “Eurodollar Rate” in Section 1.1 of the Credit Agreement is hereby amended to (i) delete the
words “British Bankers Association” and (ii) replace such words with the words “ICE Benchmark Administration”. 

(d) Section 2.4(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“(a) Subject to the terms and conditions set forth herein (including satisfaction of the conditions precedent set forth in Sections 5.1
and 5.2), from time to time during the period from the Closing Date until the Termination Date, the Swingline Lender agrees to make Swingline Loans to the Borrower in an aggregate principal amount at any time outstanding that will not result in
(i) the aggregate principal amount of outstanding Swingline Loans made by the Swingline Lender exceeding $40,000,000 (the “Swingline Commitment”) or (ii) the Total Outstanding Extensions of Credit exceeding the Total
Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Each Swingline Loan shall be in an amount 

  
 2 

 
equal to $500,000 or a whole multiple of $100,000 in excess thereof. The Swingline Loans may from time to time be (i) ABR Loans, (ii) Money Market Rate Loans or (iii) a combination
thereof, as determined by the Borrower and notified to the Administrative Agent and the Swingline Lender in accordance herewith (and shall not be entitled to be converted into Eurodollar Rate Loans). Within the foregoing limits and subject to the
terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. The Borrower hereby unconditionally promises to pay to the Swingline Lender (or, as contemplated by Section 2.4(c) below, the Administrative
Agent) the then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and the fourteenth (14th) Business Day after such Swingline Loan is made.” 

(e) Section 2.5(a)(i) of the Credit Agreement is hereby amended to delete the second proviso therein in its entirety and replace
such proviso with the following: 
 “provided, further, that (i) Bank of America, N.A. shall not be
required, without its consent, to issue Letters of Credit in excess of $28,750,000 at any time outstanding and (ii) The Royal Bank of Scotland plc shall not be required, without its consent, to issue Letters of Credit in excess of $71,250,000
at any time outstanding.” 
 (f) Section 2.7 of the Credit Agreement is hereby amended to delete (i) clause
(i) in the proviso therein in its entirety and (ii) “and (ii)” in such proviso. 
 (g) Section 4.1(b) of the
Credit Agreement is hereby amended to add “or liquidity” after the term “capital adequacy” in both instances where such term appears therein. 

(h) Section 4.7(b) of the Credit Agreement is hereby amended to add at the end of clause (ii) therein “or a Declining
Bank”. 
 (i) The following new Section 6.1(s) is added to Section 6.1 of the Credit Agreement after
Section 6.1(r): 
 “(s) Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in
effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and
their respective officers and employees and to the knowledge of the Borrower its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) the Borrower, any Subsidiary or to
the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or
benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will result in a violation by the Borrower or any of its Subsidiaries
of any Anti-Corruption Law or applicable Sanctions.” 

  
 3 

 (j) Section 7.1(b) of the Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 “(b) Use of Proceeds. (i) The Borrower will use the proceeds of the Loans
only for the purposes set forth in Section 6.1(g), and it will not use any Letter of Credit or the proceeds of any Loan for any purpose that would violate the provisions of the margin regulations of the Board. The Borrower will not, and will
not permit any of its Subsidiaries to, engage principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying, within the meaning of Regulation U, any Margin Stock. Letters of Credit
will be issued only to support the general corporate purposes of the Borrower and its Subsidiaries. (ii) The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries
and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money,
or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country,
or (C) in any manner that would result in the violation by the Borrower or any Subsidiary thereof of any Sanctions applicable thereto.” 

(k) Section 8.1(d) of the Credit Agreement is hereby amended to insert “, 7.1(b)(ii)” after “Section
7.1(a)(v)(A)”. 
 (l) Section 10.6(b) of the Credit Agreement is hereby amended to replace the phrase “Each Bank that
sells a participation, acting solely for this purpose as an agent of the Borrower” with “Each Bank that sells a participation, acting solely for this purpose as a non-fiduciary agent of the Borrower”. 

SECTION 3. Extension of the Maturity Date. Effective as of the date hereof: 

(a) Extension. Pursuant to Section 2.7 of the Amended Credit Agreement, each Extending Bank and each New Bank hereby
(i) agrees to the Extension and (ii) agrees that the Maturity Date with respect to such Person’s Commitment shall be September 9, 2019 (subject to the further extension thereof pursuant to Section 2.7). 

(b) Commitment Reallocations. In connection with the Extension, after giving effect to this Amendment: 

(i) Schedule 1.1(A) of the Credit Agreement is hereby amended to replace such Schedule in its entirety with a new Schedule
1.1(A) annexed hereto as Exhibit A (“New Schedule 1.1(A)”); 

  
 4 

 (ii) each New Bank hereby (x) provides a Commitment in the amount set forth
opposite such New Bank’s name on New Schedule 1.1(A) and (y) becomes a Bank under the Amended Credit Agreement (as it may be further amended, restated, supplemented or otherwise modified from time to time) as of the Amendment Effective
Date and shall be bound thereby and entitled to the benefits thereof; 
 (iii) each Extending Bank whose Commitment amount
set forth opposite such Extending Bank’s name on New Schedule 1.1(A) is greater than such Extending Bank’s Commitment in effect immediately prior to giving effect to this Amendment hereby increases its Commitment such that, after giving
effect to this Amendment, such Extending Bank has a Commitment in the amount set forth opposite its name on New Schedule 1.1(A); and 

(iv) pursuant to Section 4.7 of the Amended Credit Agreement, the Commitment of each Declining Bank is hereby terminated
in full and each Declining Bank shall cease to be a party to the Amended Credit Agreement and shall no longer be a Bank thereunder. 

SECTION 4. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Borrower represents and
warrants that, as of the date hereof: 
 (a) both immediately before and after giving effect to this Amendment, all representations and
warranties of the Borrower contained in Section 6.1 of the Amended Credit Agreement and in the other Loan Documents are true and correct in all material respects (except to the extent that any representation or warranty is qualified by
materiality in the text thereof, in which case such representation or warranty is true and correct in all respects), except for those representations or warranties or parts thereof that, by their terms, expressly relate solely to a specific date, in
which case such representations and warranties are true and correct in all material respects as of such specific date; 
 (b) both
immediately before and after giving effect to this Amendment, no Default or Event of Default exists or is continuing; 
 (c) the execution,
delivery and performance by the Borrower of this Amendment are within the Borrower’s corporate powers and have been duly authorized by all necessary corporate action; and 

(d) this Amendment has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower,
enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law. 
 SECTION 5. Conditions to Effectiveness. This Amendment shall become effective as of the date
first written above (the “Amendment Effective Date”) when, and only when, each of the following conditions is satisfied (or waived in accordance with Section 10.1 of the Credit Agreement): 

(a) the Administrative Agent shall have received counterparts of this Amendment fully executed and delivered by the Borrower and each Bank;
and 

  
 5 

 (b) the Administrative Agent shall have received (i) all fees required to be paid,
including, without limitation, and to the extent necessary, (x) all accrued and unpaid Commitment Fees and (y) the fees described in that certain Fee Letter dated as of August 27, 2014, by and among the Borrower, JPMorgan Chase Bank,
N.A., J.P. Morgan Securities LLC, Citibank, N.A. and Citigroup Global Markets Inc. and (ii) all reasonable out-of-pocket expenses required to be paid by the Borrower to the Administrative Agent under Section 10.5 of the Credit Agreement
for which reasonably detailed invoices have been presented to the Borrower on or before the date that is one Business Day prior to the date hereof. 

SECTION 6. Governing Law. THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK 
 SECTION 7. Counterparts. This Amendment may be executed in any number of counterparts (or
counterpart signature pages), each of which counterparts shall be an original but all of which together shall constitute one instrument. Delivery of an executed signature page of this Amendment by facsimile transmission or other electronic
transmission shall be as effective as delivery of a manually executed counterpart hereof. The execution and delivery of this Amendment by any Bank shall be binding upon each of its successors and assigns (including Transferees of its Commitments and
Loans, in whole or in part, prior to the effectiveness hereof) and binding in respect of all of its Commitments and Loans, including any acquired subsequent to its execution and delivery of this Amendment and prior to the effectiveness hereof. 

SECTION 8. Effect of Amendment. From and after the effectiveness of this Amendment, each reference to “hereof”,
“hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall refer to the Amended Credit
Agreement. 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 Administrative Agent or the Banks under the Credit
Agreement or under any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. This Amendment shall constitute a Loan Document for all purposes of the Credit Agreement and the other Loan Documents. 

SECTION 9. Headings. Section and subsection headings in this Amendment are for convenience of reference only, and are not part of, and
are not to be taken into consideration in interpreting, this Amendment. 
 SECTION 10. Entire Agreement. This Amendment and the other
Loan Documents represent the agreement of the Borrower, the Administrative Agent and the Banks with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Bank
relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

  
 6 

 [Remainder of Page Intentionally Left Blank; Signature Pages Follow] 

  
 7 

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

			
	CENTERPOINT ENERGY RESOURCES CORP.,
	as the Borrower
		
	By:	 	 /s/ Carla Kneipp

	Name:	 	Carla Kneipp
	Title:	 	Vice President and Treasurer

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	CITIBANK, N.A., as Administrative Agent, the Swingline Lender, a Bank and an Extending Bank
		
	By:	 	 /s/ Maureen P. Maroney

	Name:	 	Maureen P. Maroney
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	BANK OF AMERICA, N.A., as a Bank, an Issuing Bank and an Extending Bank
		
	By:	 	 /s/ Will Merritt

	Name:	 	Will Merritt
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	JPMORGAN CHASE BANK, N.A., as a Bank and an Extending Bank
		
	By:	 	 /s/ Bridget Killackey

	Name:	 	Bridget Killackey
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	THE ROYAL BANK OF SCOTLAND PLC, as a Bank, an Issuing Bank and an Extending Bank
		
	By:	 	 /s/ Emily Freedman

	Name:	 	Emily Freedman
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	BARCLAYS BANK PLC, as a Bank and an Extending Bank
		
	By:	 	 /s/ Vanessa Kurbatskiy

	Name:	 	Vanessa Kurbatskiy
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Bank and an Extending Bank
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President
		
	By:	 	 /s/ Virginia Cosenza

	Name:	 	Virginia Cosenza
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Bank and an Extending Bank
		
	By:	 	 /s/ Nick Brokke

	Name:	 	Nick Brokke
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	ROYAL BANK OF CANADA, as a Bank and an Extending Bank
		
	By:	 	 /s/ Rahul D. Shah

	Name:	 	Rahul D. Shah
	Title:	 	Authorized Signatory

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	SUNTRUST BANK, as a Bank and an Extending Bank
		
	By:	 	 /s/ Andrew Johnson

	Name:	 	Andrew Johnson
	Title:	 	Director

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Bank and an Extending Bank
		
	By:	 	 /s/ Chi-Cheng Chen

	Name:	 	Chi-Cheng Chen
	Title:	 	Director

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	UBS AG, STAMFORD BRANCH, as a Bank and a Declining Bank
		
	By:	 	 /s/ Lana Gifas

	Name:	 	Lana Gifas
	Title:	 	Director
		
	By:	 	 /s/ Jennifer Anderson

	Name:	 	Jennifer Anderson
	Title:	 	Associate Director

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Bank and an Extending Bank
		
	By:	 	 /s/ Christopher Day

	Name:	 	Christopher Day
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Michael Spaight

	Name:	 	Michael Spaight
	Title:	 	Authorized Signatory

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	GOLDMAN SACHS BANK USA, as a Bank and an Extending Bank
		
	By:	 	 /s/ Mark Walton

	Name:	 	Mark Walton
	Title:	 	Authorized Signatory

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	MIZUHO BANK (USA), as a Bank and an Extending Bank
		
	By:	 	 /s/ Leon Mo

	Name:	 	Leon Mo
	Title:	 	Senior Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	 MORGAN STANLEY BANK, N.A.,
 as a
Bank and an Extending Bank

		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Bank and an Extending Bank
		
	By:	 	 /s/ James O’Shaughnessy

	Name:	 	James O’Shaughnessy
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
					
	REGIONS BANK, as a Bank and a New Bank
		
	By:	 	 /s/ Joey Powell

		 	Name:	 	Joey Powell
		 	Title:	 	Sr. Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	COMERICA BANK, as a Bank and an Extending Bank
		
	By:	 	 /s/ Vishakha Deora

	Name:	 	Vishakha Deora
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as a Bank and an Extending Bank
		
	By:	 	 /s/ Jon R. Hinard

	Name:	 	Jon R. Hinard
	Title:	 	Senior Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 
			
	THE NORTHERN TRUST COMPANY,
	as a Bank and an Extending Bank
		
	By:	 	 /s/ Keith Burson

	Name:	 	Keith Burson
	Title:	 	Vice President

  
 Third Amendment to
Credit Agreement 
 (CERC) 

 EXHIBIT A 

SCHEDULE 1.1(A) 
 SCHEDULE
OF COMMITMENTS AND ADDRESSES 
  

					
	 Names and Address of Banks
	  	Commitment	 
		
	 JPMorgan Chase Bank, N.A.

JPMorgan Loan Services

1111 Fannin Street, 10th Floor

Houston, TX 77002

Attn: Omar Jones

Tel: 713-750-7912

Telecopy: 713-750-2666

omar.e.jones@jpmorgan.com
	  	$	42,122,448.00	  
		
	 Bank of America, N.A.

100 North Tryon Street; NC1-007-17-18

Charlotte, NC 28255

Attn: Michael Mason

Tel: 980-683-1839

Telecopy: 980-233-7196

Michael.Mason@baml.com
	  	$	42,122,449.00	  
		
	 The Royal Bank of Scotland plc

600 Washington Boulevard

Stamford, CT 06901

Attn: Javied Basha

Tel: 203-897-4431

Telecopy: 203-873-5019

javied.basha@rbs.com
	  	$	42,122,449.00	  
		
	 Barclays Bank PLC

c/o Barclays Capital

745 7th Avenue,
26th Floor
 New York, NY 10019

Attn: May Huang

Tel: 212-526-0787

Telecopy: 212-526-5115

May.Huang@barcap.com
	  	$	42,122,449.00	  
		
	 Citibank, N.A.

388 Greenwich Street, 34th Floor

New York, NY 10013

Attn: Amit Vasani

Tel: 212.816.4166

Telecopy: 212.816.8098

amit.vasani@citi.com
	  	$	42,122,449.00	  

					
	 Deutsche Bank AG New York Branch

c/o Deutsche Bank Securities Inc.

Capital Markets and Treasury Solutions

700 Louisiana Street

Houston, TX 77003

Attn: Shaheed Momin

Tel: 832.239.4632

Telecopy: 832.348.0870

Shaheed.momin@db.com
	  	$	42,122,449.00	  
		
	 Wells Fargo Bank, National Association

90 S. 7th Street

MAC: N9305-077

Minneapolis, MN 55402

Attn: Scott Bjelde

Tel: 612-667-6126

Telecopy: 612-316-0506

scott.bjelde@wellsfargo.com
	  	$	42,122,449.00	  
		
	 Royal Bank of Canada

Three World Financial Center

New York, NY 10281

Tel: 212-858-7374

Telecopy: 212-428-6201

frank.lambrinos@rbccm.com
	  	$	36,489,796.00	  
		
	 SunTrust Bank

303 Peachtree St NE 4th Floor

Atlanta, GA 30308

Tel: 404-658-4692

Telecopy: 404-827-6270

Andrew.johnson@suntrust.com
  

SunTrust Bank

211 Perimeter Pkwy Center

Atlanta, GA 30346

Attn: TinaMarie Edwards

Tel: 770-352-5153

Telecopy: 404-588-4456

Tinamarie.edwards@suntrust.com
	  	$	36,489,796.00	  

					
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.

New York Branch

1251 Avenue of the Americas, 12th Floor

New York, NY 10020-1104

Attn: Alan Reiter

Tel: 212-782-5649

Telecopy: 212-782-6440

areiter@us.mufg.jp
	  	$	36,489,796.00	  
		
	 U.S. Bank National Association

461 Fifth Avenue, 8th Floor

New York, NY 10017

Attn: J. James Kim

Tel: 917-326-3924

Telecopy: 646-935-4551

jjames.kim@usbank.com
	  	$	36,489,796.00	  
		
	 Mizuho Bank (USA)

1251 Avenue of the Americas

New York, NY 10020

Attn: Adam Cohen

Tel: 212-282-3568

Telecopy: 212-282-4488

adam.cohen@mizuhocbus.com
	  	$	36,489,796.00	  
		
	 Credit Suisse AG, Cayman Islands Branch

Eleven Madison Avenue

New York NY 10010

Attn: Shweta Kharva

Tel: 919-994-4787

Telecopy: 1-866-469-3871

shweta.kharva@credit-suisse.com

18664693871@docs.ldsprod.com
	  	$	24,489,796.00	  
		
	 Goldman Sachs Bank USA

c/o Goldman, Sachs & Co.

30 Hudson St., 38th Floor

Jersey City, NJ 07302

Attn: Lauren Day

Tel: 212-934-3921

Telecopy: 917-977-3966

gsd.link@gs.com
	  	$	24,489,796.00	  
		
	 Morgan Stanley Bank, N.A.

1300 Thames Street Wharf, 4th Floor

Baltimore, MD 21231

Attn: Steve Delany

Tel: 443-627-4326

Telecopy: 212-404-9645

doc4secportfolio@morganstanley.com

Docs4loans@ms.com
	  	$	24,489,796.00	  

					
	 Regions Bank

5005 Woodway Drive, Ste. 110

Houston, TX 77056

Attn: Joey Powell

Tel: 713 426-7236

Telecopy: 713-426-7180

joey.powell@regions.com
	  	$	12,489,796.00	  
		
	 Comerica Bank

910 Louisiana St. Ste 410

Houston, TX 77002

Attn: Joey Powell

Tel: 713-220-5527

Telecopy: 713-220-5631

jbpowell@comerica.com
	  	$	12,244,898.00	  
		
	 PNC Bank, National Association

Three PNC Plaza 225 Fifth Avenue

Pittsburgh, PA 15222

Attn: Robin Bunch

Tel: 412-768-5337

Telecopy: 412-762-6484

ROBIN.BUNCH@PNC.COM
	  	$	12,244,898.00	  
		
	 The Northern Trust Company

50 S LaSalle, M27

Chicago, IL 60603

Attn: Keith Burson

Tel: 312-444-3099

Telecopy: 312-557-1425

KB101@ntrs.com
	  	$	12,244,898.00	  
		  	  
	  
	 
	 Total:
	  	$	600,000,000.00Exhibit 4.1

 

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED
OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE NOTE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
ANY OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THIS NOTE MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THIS NOTE.

 

SECURED PROMISSORY NOTE

 

	U.S. $1,275,000.00	 	September 10, 2014

FOR VALUE RECEIVED, Guided Therapeutics, Inc.,
a Delaware corporation (“Debtor”), promises to pay in lawful money of the United States of America to
the order of Tonaquint, Inc., a Utah corporation (“Lender”), the principal sum of $1,275,000.00, together
with all other amounts due under this Secured Promissory Note (this “Note”). This Note is issued pursuant
to that certain Note Purchase Agreement of even date herewith between Debtor and Lender (the “Purchase Agreement”).

 

1.                 
PAYMENT. Debtor shall pay to Lender the entire outstanding balance of this Note on or before the date that is six
(6) months from the date hereof. Debtor will make all payments of sums due hereunder to Lender at Lender’s address set forth
in the Purchase Agreement, or at such other place as Lender may designate in writing. Unless otherwise agreed or required by applicable
law, payments will be applied first to any unpaid collection costs and late charges, then to accrued interest and finally to principal.

2.                 
INTEREST. Interest shall not accrue on the unpaid principal balance of this Note unless an Event of Default (as defined
below) occurs. Upon the occurrence of an Event of Default, the outstanding balance of this Note shall bear interest at the lesser
of the rate of eighteen percent (18%) per annum or the maximum rate permitted by applicable law, compounding monthly on the first
day of each month and calculated on the basis of a 360-day year, from the date due until paid.

3.                 
ORIGINAL ISSUE DISCOUNT; TRANSACTION EXPENSES. This Note carries an original issue discount of $560,000.00. In addition,
Debtor agrees to pay $15,000.00 to Lender to cover Lender’s legal fees, accounting costs, due diligence, monitoring and other
transaction costs incurred in connection with the purchase and sale of this Note, all of which amounts are included in the initial
principal balance of this Note and are fully earned and payable as of the date hereof (subject only to the prepayment discounts
set forth in Section 4 below (the “Prepayment Discount”)).

4.                  PREPAYMENT.
Debtor may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments of less than all
principal, fees and interest outstanding will not, unless agreed to by Lender in writing, relieve Debtor of any of
Debtor’s obligations hereunder. Should Debtor make any prepayment in accordance with the schedule set forth below,
the amount payable shall be subject to the Prepayment Discount set forth below under the heading “Prepayment
Discount,” and upon Lender’s receipt of such discounted amount payable, this Note shall be deemed paid in full
notwithstanding the fact that such payment may be less than the initial outstanding balance of this Note, and notwithstanding
any Event of Default or acceleration due to any Event of Default:

	Prepayment Deadline	Prepayment Discount
	
        Debtor pays the entire outstanding
balance of this Note on or before the date that is seventy (70) days from the date this Note is issued 
	$420,000
	Debtor pays the entire outstanding balance of this Note at any time after the date that is seventy (70) days from the date this Note is issued but on or before the date that is one hundred twenty (120) days from the date this Note is issued	$210,000

 

5.         EVENT
OF DEFAULT. The occurrence and continuance of any of the following shall constitute an “Event of Default”
under this Note:

(a)               
Failure to Pay. Debtor shall fail to pay when due, whether at stated maturity, upon acceleration or otherwise, any
principal or interest payment, or (ii) any other payment required under the terms of this Note on the date due;

(b)              
Breaches of Covenants. Debtor fails to comply with or to perform in any material respect when due any term, obligation,
covenant, or condition contained in this Note, in the Purchase Agreement, in the Security Agreement (as defined below), or in any
other agreement securing payment of this Note, other than a failure to pay as described in Section 5(a) above, and such
failure is not cured within thirty (30) days after the earlier of (i) the date Debtor initially becomes aware of such failure and
(ii) the earliest date Debtor, exercising due prudence, would reasonably be expected to have become aware of such failure;

(c)               
Representations and Warranties. Any representation or warranty made by Debtor to Lender in this Note, the Purchase
Agreement, the Security Agreement, or any related agreement shall be false, incorrect, incomplete or misleading when made or furnished,
except where such false, incorrect, incomplete or misleading representation or warranty would not be reasonably likely to result
in a material adverse effect upon the business, properties, operations, financial condition or results of operations of the Company,
or in its ability to perform its obligations under this Agreement;

(d)              
Voluntary Bankruptcy or Insolvency Proceedings. Debtor shall (i) apply for or consent to the appointment of
a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or
admit in writing its inability, to pay its debts generally as they mature, (iii) make a general assignment for the benefit
of its or any of its creditors, (iv) be dissolved or liquidated, or (v) commence a voluntary case or other proceeding
seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other
similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property
by any official in an involuntary case or other proceeding commenced against it;

(e)               
Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator,
or custodian of Debtor or of all or a substantial part of its property, or an involuntary case or other proceedings seeking liquidation,
reorganization, or other relief with respect to Debtor or its debts under any bankruptcy, insolvency or other similar law now or
hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged
within sixty (60) days of commencement;

(f)               
Government Action. If any governmental or regulatory authority takes or institutes any action that affects Debtor’s
financial condition, operations or ability to pay or perform Debtor’s obligations under this Note in excess of the sum of
$500,000.00 in the aggregate;

(g)              
Judgment. A judgment or judgments for the payment of money in excess of the sum of $500,000.00 in the aggregate shall
be rendered against Debtor and either (i) the judgment creditor executes on such judgment or (ii) such judgment remains unpaid
or undischarged for more than sixty (60) days from the date of entry thereof or such longer period during which execution of such
judgment shall be stayed during an appeal from such judgment;

(h)              
Attachment. Any execution or attachment shall be issued whereby any substantial part of the property of Debtor shall
be taken and the same shall not have been vacated or stayed within sixty (60) days after the issuance thereof; or

(i)                  Failure
to Make Required Filings. Debtor shall become delinquent in its filing requirements as a fully-reporting issuer registered
with the United States Securities Exchange Commission in any material respect.

6.                 
ACCELERATION; REMEDIES.

(a)                Thirty
(30) calendar days following the occurrence of an Event of Default (other than an Event of Default referred to in Sections
5(a), 5(d) and 5(e)) and at any time thereafter, Lender may, by written notice to Debtor (a
“Default Notice”), declare all unpaid principal, plus all accrued interest and other amounts due
hereunder to be immediately due and payable at the Mandatory Default Amount (as defined below) without presentment, demand,
protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary
notwithstanding. Upon the occurrence or existence of any Event of Default described in Sections 5(a), 5(d) and
5(e), immediately and without notice, all outstanding unpaid principal, plus all accrued interest and other amounts due
hereunder shall automatically become immediately due and payable at the Mandatory Default Amount, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the
contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or existence of any Event of Default,
Lender may exercise any other right, power or remedy permitted to it by law, either by suit in equity or by action at law, or
both. For purposes hereof, the term “Mandatory Default Amount” means an amount equal to 115% of the
outstanding balance of this Note as of the date the applicable Event of Default occurred, plus all interest, fees, and
charges that may accrue on such outstanding balance thereafter, minus 115% of any Prepayment Discount that may be applicable
pursuant to Section 4 (such discount referred to in the immediately preceding clause, the “Mandatory Default
Amount Discount”); provided, however, that in the event Debtor fails to pay the Mandatory Default Amount to
Lender within fourteen (14) calendar days of Lender’s delivery to Debtor of a Default Notice, Debtor shall be
obligated to pay to Lender the full Mandatory Default Amount, without application of the Mandatory Default Amount
Discount.

(b)              
If Debtor is an entity, upon the occurrence of a Change in Control (as defined below), and without further notice to Debtor,
all unpaid principal, plus all accrued interest and other amounts due hereunder, shall become immediately due and payable. For
purposes hereof, a “Change in Control” means a sale of all or substantially all of a Debtor’s assets,
or a merger, consolidation, significant equity financing, or other capital reorganization of a Debtor with or into another company;
provided however that a merger, consolidation, significant equity financing, or other capital reorganization in which the
holders of more than fifty percent (50%) of the equity of a Debtor outstanding immediately prior to such transaction continue to
hold (either by the voting securities remaining outstanding or by being converted into voting securities of the surviving entity)
more than fifty percent (50%) of the total voting power represented by the voting securities of such Debtor, or such surviving
entity, outstanding immediately after such transaction shall not constitute a Change in Control.

7.                 
COLLATERAL. This Note is secured by that certain Security Agreement of even date herewith (the “Security
Agreement”) executed by Debtor in favor of Lender encumbering certain assets of Debtor, as more specifically set
forth in the Security Agreement, all the terms and conditions of which are hereby incorporated into and made a part of this Note.

 

8.                 
NO OFFSET. Debtor hereby waives any rights of offset it now has or may have hereafter against Lender, its successors
and assigns, and agrees to make the payments called for herein in accordance with the terms of this Note.

 

9.                 
NO USURY. Notwithstanding any other provision contained in this Note or in any instrument given to evidence the obligations
evidenced hereby: (a) the rates of interest and charges provided for herein and therein shall in no event exceed the rates and
charges which result in interest being charged at a rate equaling the maximum allowed by law; and (b) if, for any reason whatsoever,
Lender ever receives as interest in connection with the transaction of which this Note is a part an amount which would result in
interest being charged at a rate exceeding the maximum allowed by law, such amount or portion thereof as would otherwise be excessive
interest shall automatically be applied toward reduction of the unpaid principal balance then outstanding hereunder and not toward
payment of interest.

 

10.             
ATTORNEYS’ FEES. If this Note is placed in the hands of an attorney for collection or enforcement prior to
commencing arbitration or legal proceedings, or is collected or enforced through any arbitration or legal proceeding, or Lender
otherwise takes action to collect amounts due under this Note or to enforce the provisions of this Note, then Debtor shall pay
the reasonable costs incurred by Lender for such collection, enforcement or action including, without limitation, attorneys’
fees and disbursements.

 

11.             
JURISDICTION. This Note shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of Utah, without giving
effect to any choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdictions) that
would cause the application of the laws of any jurisdictions other than the State of Utah. The provisions set forth in the Purchase
Agreement to determine the proper venue for any disputes are incorporated herein by this reference.

12.             
ARBITRATION OF DISPUTES. Debtor agrees, and Lender by its acceptance of this Note agrees, to be bound by the Arbitration
Provisions set forth as an Exhibit to the Purchase Agreement.

13.             
OBLIGATION UNCONDITIONAL. Except as may otherwise be set forth in this Note, no provision in this Note or any other
agreement shall alter, impair or render conditional the obligation of Debtor, which is absolute and unconditional, to pay the principal
of and interest on this Note at the place, at the time, and in the currency herein prescribed.

14.             
WAIVERS. Debtor hereby waives presentment, notice of nonpayment, notice of dishonor, protest, demand and diligence.

15.             
LOSS OR MUTILATION. On receipt by Debtor of evidence reasonably satisfactory to Debtor of the loss, theft, destruction
or mutilation of this Note and, in the case of any such loss, theft or destruction of this Note, on delivery of an indemnity agreement
reasonably satisfactory in form and amount to Debtor or, in the case of any such mutilation, on surrender and cancellation of such
Note, Debtor at its expense will execute and deliver, in lieu thereof, a new Note of like tenor.

16.             
NOTICES. Any notice required or permitted hereunder shall be given in the manner provided in the subsection titled
“Notices” in the Purchase Agreement, the terms of which are incorporated herein by this reference.

17.             
AMENDMENT AND WAIVER. This Note and its terms and conditions may be amended, waived or modified only in writing by
Debtor and Lender.

18.             
SEVERABILITY. If any part of this Note is construed to be in violation of any law, such part shall be modified to
achieve the objective of the parties to the fullest extent permitted and the balance of this Note shall remain in full force and
effect.

19.             
ASSIGNMENTS. Debtor may not assign this Note without the prior written consent of Lender. Subject to applicable law,
including federal and state securities law, this Note may be offered, sold, assigned or transferred by Lender without the consent
of Debtor.

20.             
FINAL NOTE. This Note, together with the Security Agreement and the Purchase Agreement, contains the complete understanding
and agreement of Debtor and Lender and supersedes all prior representations, warranties, agreements, arrangements, understandings,
and negotiations. THIS NOTE, TOGETHER WITH THE SECURITY AGREEMENT AND THE PURCHASE AGREEMENT, REPRESENTS THE FINAL AGREEMENT BETWEEN
THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY ALLEGED PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

21.             
TIME IS OF THE ESSENCE. Time is of the essence of this Note and each and every provision hereof in which time is
an element.

22.             
LIQUIDATED DAMAGES. Lender and Debtor agree that in the event Debtor fails to comply with any of the terms or provisions
of this Note, Lender’s damages would be uncertain and difficult (if not impossible) to accurately estimate because of the
parties’ inability to predict future interest rates and other relevant factors. Accordingly, Lender and Debtor agree that
any fees, balance adjustments, default interest or other charges assessed under this Note are not penalties but instead are intended
by the parties to be, and shall be deemed, liquidated damages.

[Remainder of
page intentionally left blank]

    	 

    	 

    

IN WITNESS WHEREOF,
Debtor has caused this Note to be issued as of the date first set forth above.

	 	DEBTOR:	 
	 	 	 
	 	GUIDED THERAPEUTICS, INC.	 
	 	 	 
	 	By: /s/
Gene S. Cartwright	 
	 	Name: Gene S. Cartwright	 
	 	Title: President and CEO	 

 

 

 

 

 

 

 

 

 

 

 

[Signature Page to
Secured Promissory Note]

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