Document:

Amendment Number One to the Amended and Restated Credit Agreement

 Exhibit 10.9 
 AMENDMENT NUMBER ONE TO THE AMENDED AND RESTATED CREDIT AGREEMENT, 
 DATED
AS OF MARCH 29, 2012, AMONG OCLARO, INC., OCLARO TECHNOLOGY LTD, 
 WELLS FARGO CAPITAL FINANCE, INC. AND OTHER
LENDERS PARTY THERETO. 
 AMENDMENT NUMBER ONE TO AMENDED AND RESTATED CREDIT AGREEMENT 

This Amendment Number One to Amended and Restated Credit Agreement (“Amendment”) is entered into as of March 29,
2012, by and among WELLS FARGO CAPITAL FINANCE, INC., a California corporation, as administrative agent (the “Agent”) for the lenders (the “Lenders”) identified on the signature pages to the Credit Agreement
(as defined below), and the Lenders, on the one hand, and OCLARO, INC., a Delaware corporation (“Parent”), OCLARO TECHNOLOGY LIMITED, a company incorporated under the laws of England and Wales
(“Borrower”), on the other hand, with reference to the following facts: 
 A. Agent, Lenders, Parent and
Borrowers have previously entered into that certain Amended and Restated Credit Agreement, dated as of July 26, 2011 (as amended, supplemented, amended and restated, or otherwise modified, the “Credit Agreement”). 

B. Borrower, Parent, Agent, and Lenders desire to amend the Credit Agreement as provided for and on the conditions herein. 

NOW, THEREFORE, Borrower, Parent, Agent and Lenders hereby amend and supplement the Credit Agreement as follows: 

1. DEFINITIONS. All initially capitalized terms used in this Amendment shall have the meanings given to them in the Credit Agreement
unless specifically defined herein. 
 2. AMENDMENTS TO THE CREDIT AGREEMENT. 

(a) Schedule 1.1 of the Credit Agreement is hereby amended by deleting the definitions of “Triggering Event” therein in
its entirety and replacing it with the following: 
 “Triggering Event” means, as of any date of determination,
that (a) an Event of Default has occurred and is continuing, or (b) Liquidity is less than (i) on or prior to September 30, 2012, $20,000,000 or (ii) thereafter, $15,000,000, or (c) Excess Availability is an amount less
than (x) on or prior to September 30, 2012, $2,500,000 or (y) thereafter, $7,500,000. 
 (b) Schedule 1.1
of the Credit Agreement is hereby amended by deleting clause (a) in the definition of “Eligible Accounts” therein in its entirety and replacing it with the following new clause (a): 

(a) Accounts that the Account Debtor has failed to pay within 90 days of original invoice date or Accounts with selling terms of more than
60 days (or 90 days with respect to [***]. 
 (c) Schedule 1.1 of the Credit Agreement is hereby amended by deleting
clause (i) in the definition of “Eligible Accounts” therein in its entirety and replacing it with the following new clause (i): 
 (i) Accounts with respect to an Account Debtor whose total obligations owing to Borrower exceed 10% (or (x) 20% with respect to [***] and (y) 15% with respect to [***] (as defined below)) of all
Eligible Accounts (such percentage, as applied to a particular Account Debtor, being subject to reduction by Agent in its Permitted Discretion if the creditworthiness of such Account Debtor deteriorates), to the extent of the obligations owing by
such Account Debtor in excess of such percentage; provided, however, that, in each case, the amount of Eligible Accounts that are excluded because they exceed the foregoing percentage shall be determined by Agent based on all of the otherwise
Eligible Accounts prior to giving effect to any eliminations based upon the foregoing concentration limit, 

  
 Confidential treatment is
being requested for portions of this document. This copy of the document filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document
has been filed separately with the Securities and Exchange Commission. 

 AMENDMENT NUMBER ONE TO AMENDED AND RESTATED CREDIT AGREEMENT 

 

 3. REPRESENTATIONS AND WARRANTIES. Parent and Borrower each hereby affirms to Agent and
Lenders that, after giving effect to the amendments herein, all of such its representations and warranties set forth in the Credit Agreement are true, complete and accurate in all respects as of the date hereof. 

4. NO DEFAULTS. Parent and Borrower each hereby affirm to the Lender Group that no Event of Default has occurred and is continuing as of
the date hereof. 
 5. CONDITION PRECEDENT. The effectiveness of this Amendment is expressly conditioned upon receipt by Agent of
a fully executed copy of this Amendment and the Reaffirmation of Guaranty atrtached hereto. 
 6. COSTS AND EXPENSES. Borrower
shall pay to Agent all of Agent’s out-of-pocket costs and reasonable expenses (including, without limitation, the fees and expenses of its counsel, which counsel may include any local counsel deemed necessary, search fees, filing and recording
fees, documentation fees, appraisal fees, travel expenses, and other fees) arising in connection with the preparation, execution, and delivery of this Amendment and all related documents. 
 7. LIMITED EFFECT. In the event of a conflict between the terms and provisions of this Amendment and the terms and provisions of the Credit Agreement, the terms and provisions of this
Amendment shall govern. In all other respects, the Credit Agreement, as amended and supplemented hereby, shall remain in full force and effect. 

8. COUNTERPARTS; EFFECTIVENESS. This Amendment may be executed in any number of counterparts and by different parties on separate
counterparts, each of which when so executed and delivered shall be deemed to be an original. All such counterparts, taken together, shall constitute but one and the same Amendment. This Amendment shall become effective upon the execution of a
counterpart of this Amendment by each of the parties hereto. 
 [Signatures on next page] 

  
 Page 2

 Confidential treatment is being requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set
forth above. 
  

			
	 WELLS FARGO CAPITAL FINANCE, INC.,

	a California corporation, as Agent and a Lender
		
	 By:
	 	  

	 Title:
	 	  

  
 S-1

 Amendment Number One to Amended and Restated Credit Agreement 

 

 Confidential treatment is being requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.

 
			
	OCLARO, INC.,
	a Delaware corporation, as Parent
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	CFO
	
	 OCLARO TECHNOLOGY LIMITED,
 a limited liability company incorporated under the laws of England and Wales, as Borrower

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Director
		
	By:	 	  

	Name:	 	Catherine H. Rundle
	Title:	 	Director

  
 S-2

 Amendment Number One to Amended and Restated Credit Agreement 

 

 Confidential treatment is being requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.

 REAFFIRMATION OF GUARANTY 

Each of the undersigned has executed a General Continuing Guaranty (Domestic) or General Continuing Guaranty (Foreign) (each, a
“Guaranty”), in favor of Wells Fargo Capital Finance, Inc., a California corporation, (“WFCF”), as agent (in such capacity, the “Agent”) for the lenders (the “Lenders”) from time to
time party to Credit Agreement (as defined above) respecting the obligations of Oclaro Technology Limited, a limited liability company organized under the laws of England and Wales (the “Borrower”) and Oclaro, Inc., a Delaware
corporation (the “Parent”), owing to the Lenders. Each of the undersigned acknowledges the terms of the above Amendment and reaffirms and agrees that: (i) its Guaranty remains in full force and effect; (ii) nothing in such
Guaranty obligates Agent or any Lender to notify any of the undersigned of any changes in the financial accommodations made available to the Borrower or to seek reaffirmations of any of the Guaranties; and (iii) no requirement to so notify any
of the undersigned or to seek reaffirmations in the future shall be implied by the execution of this reaffirmation. 
  

			
	 OCLARO INNOVATIONS, LLP

	a limited liability partnership organized under the laws of England and Wales
	
	Oclaro, Inc.
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	CFO
	
	Oclaro (North America), Inc.
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	CEO
	
	 BOOKHAM NOMINEES LIMITED,

a company incorporated under the laws of England and Wales

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Director
		
	By:	 	  

	Name:	 	Catherine H. Rundle
	Title:	 	Secretary
	
	 BOOKHAM INTERNATIONAL LTD.,
 a company organized under the laws of the Cayman Islands

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Director
	
	OCLARO CANADA, INC.,
	a federally incorporated Canadian corporation
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	President & Treasurer

  
 S-1

 Reaffirmation of Guaranty - Amendment Number One to Amended and Restated Credit Agreement 

 

 Confidential treatment is being requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.

 
			
	OCLARO, INC.,
	a Delaware corporation
		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	CFO
	
	 OCLARO TECHNOLOGY, INC.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	Treasurer
	
	 OCLARO (NEW JERSEY), INC.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	President & CFO
	
	 OCLARO PHOTONICS, INC.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	President
	
	 MINTERA CORPORATION,
 a Delaware corporation

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	President & CFO
	
	 OCLARO (NORTH AMERICA), INC.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	Jerry Turin
	Title:	 	CEO

  
 S-2

 Reaffirmation of Guaranty - Amendment Number One to Amended and Restated Credit Agreement 

 

 Confidential treatment is being requested for portions of this document. This copy of the document
filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.Form of Warrant issued pursuant to that certain Fourth Amendment

 Exhibit 4.1 
 Form of April 2012 Extension Warrant 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT (AS DEFINED HEREIN), OR UNDER ANY STATE SECURITIES LAWS, IN RELIANCE UPON EXEMPTIONS FROM REGISTRATION FOR NON-PUBLIC OFFERINGS. THIS SECURITY MAY ONLY BE SOLD OR OTHERWISE TRANSFERRED TO A “PERMITTED TRANSFEREE” (AS DEFINED
HEREIN) OR PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR IN A TRANSACTION EXEMPT FROM THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 

 

			
	Issue Date: March 30, 2012	  	Warrant No.:
                                         
           

 STEREOTAXIS, INC. 
 COMMON STOCK PURCHASE WARRANT 
 TO PURCHASE SHARES OF

 COMMON STOCK, $0.001 PAR VALUE PER SHARE 

This is to certify that, FOR VALUE RECEIVED,
                    (“Warrantholder”), is entitled to purchase, subject to the provisions of this Common Stock Purchase Warrant
(“Warrant”), from Stereotaxis, Inc., a corporation organized under the laws of Delaware (“Company”), at any time and from time to time on or after the Issue Date above, but not later than 5:00 P.M., St. Louis,
Missouri time, on March 30, 2017 (the “Expiration Date”), [            ]1 shares (“Warrant Shares”) of Common
Stock, $0.001 par value (“Common Stock”), of the Company, at an exercise price per share equal to $0.6602 (the exercise price in effect from time to time hereafter being herein called the “Warrant Price”). The
number of Warrant Shares purchasable upon exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time as described herein. 
 This Warrant has been issued pursuant to the terms of the Note and Warrant Purchase Agreement, dated February 21, 2008, amended by the First Amendment to Note and Warrant Purchase Agreement, made
effective as of December 29, 2008, the Second Amendment to Note and Warrant Purchase Agreement, dated as of October 9, 2009, the Third Amendment to Note and Warrant Purchase Agreement, dated as of November 10, 2010, and by the Fourth
Amendment to Note and Warrant Purchase Agreement, dated as of March 30, 2012 (as amended, the “Purchase Agreement”) by and among the Company, the Warrantholder and the other lenders set forth therein. Capitalized terms used
herein and not defined shall have the meaning specified in the Purchase Agreement. 
  

 

	1 	 Insert 378,673 for Alafi Capital Company LLC; 363,266 for Sanderling Venture Partners VI Co-Investment Fund, L.P.; 7,030 for Sanderling VI Beteiligungs
GmbH & Co KG; and 8,377 for Sanderling VI Limited Partnership. 

 1. Registration. The Company shall maintain books for the transfer and registration
of the Warrant. Upon the initial issuance of the Warrant, the Company shall issue and register the Warrant in the name of the Warrantholder. 
 2. Transfers. As provided herein, this Warrant may be transferred only pursuant to a registration statement filed under the Securities Act of 1933, as amended (the “Securities
Act”), or an exemption from registration thereunder. Subject to such restrictions, the Company shall transfer this Warrant from time to time, upon the books to be maintained by the Company for that purpose, upon surrender hereof for
transfer properly endorsed or accompanied by appropriate instructions for transfer upon any such transfer, and a new Warrant shall be issued to the transferee and the surrendered Warrant shall be canceled by the Company. References to Warrantholder
or holder shall include any such transferee. 
 3. Exercise of Warrant. The Warrantholder may exercise this Warrant to
purchase the Warrant Shares, in whole or in part, at any time and from time to time on and after the Issue Date and before the Expiration Date upon surrender of the Warrant, together with delivery of the duly executed Warrant exercise form attached
hereto (the “Exercise Agreement”) (which may be by fax or portable document format (pdf) delivered by email), to the Company during normal business hours on any business day at the Company’s principal executive offices (or such
other office or agency of the Company as it may designate by notice to the holder hereof), and upon payment to the Company in cash, by certified or official bank check or by wire transfer for the account of the Company of the Warrant Price for the
Warrant Shares specified in the Exercise Agreement. The Warrant Shares so purchased shall be deemed to be issued to the holder hereof or such holder’s designee, as the record owner of such shares, as of the close of business on the date on
which the completed Exercise Agreement shall have been delivered to the Company (or such later date as may be specified in the Exercise Agreement). Certificates for the Warrant Shares so purchased, representing the aggregate number of shares
specified in the Exercise Agreement, shall be delivered to the holder hereof within a reasonable time, not exceeding five (5) business days, after this Warrant shall have been so exercised. The certificates so delivered shall be in such
denominations as may be requested by the holder hereof and shall be registered in the name of such holder or such other name as shall be designated by such holder. If this Warrant shall have been exercised only in part, then, unless this Warrant has
expired, the Company shall, at its expense, at the time of delivery of such certificates, deliver to the holder a new Warrant representing the number of shares with respect to which this Warrant shall not then have been exercised. 

4. Cashless Exercise. (a) The Warrantholder may, at its election exercised in its sole discretion, exercise this Warrant and,
in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the Warrant Price for the Warrant Shares specified in the Exercise Agreement, elect instead to receive upon such exercise the
“Net Number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): 
 Net Number = (A x B) - (A x C) 

  
 2 

 B 
 For purposes of the foregoing formula: 
 A = the total number of shares with
respect to which this Warrant is then being exercised. 
 B = the Closing Price of the Common Stock on NASDAQ on the Trading Day
immediately preceding the date of the Exercise Notice. 
 C = the Warrant Price then in effect for the applicable Warrant Shares
at the time of such exercise. 
 (b) Certain Definitions. 

“Trading Day” shall mean a day on which the principal national securities exchange on which the Common Stock is listed
or admitted to trading is open for business. 
 “Closing Price” with respect to Common Stock on any day means
the reported last sales price regular way on The NASDAQ Global Select Market (“NASDAQ”), or, if no such reported sale occurs on such day, the average of the closing bid and asked prices regular way on such day, in each case as
reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which such class of security is listed or admitted to trading as reported by NASDAQ or any
comparable system then in use or, if not so reported, as reported by any New York Stock Exchange member firm reasonably selected by the Company for such purpose. 
 5. Compliance with the Securities Act. Neither this Warrant nor the Common Stock issued upon exercise hereof nor any other security issued or issuable upon exercise of this Warrant may be offered
or sold except as provided in this Warrant and in conformity with the Securities Act, and then only against receipt of an agreement of such person to whom such offer of sale is made to comply with the provisions of this Section 5 with respect
to any resale or other disposition of such security. The Company may cause the legend set forth on the first page of this Warrant to be set forth on each Warrant or similar legend on the Warrant Shares or any other security issued or issuable upon
exercise of this Warrant until the Warrant Shares have been registered for resale, unless counsel for the Company is of the opinion as to any such security that such legend is unnecessary. 

6. Payment of Taxes. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrant Shares
issuable upon the exercise of the Warrant; provided, however, that the Company shall not be required to pay any tax or taxes which may be payable in respect of any transfer involved in the issuance or delivery of any certificates for Warrant Shares
in a name other than that of the registered holder of this Warrant in respect of which such shares are issued. The holder shall be responsible for income taxes due under federal or state law, if any such tax is due. 

  
 3 

 7. Mutilated or Missing Warrants. In case this Warrant shall be mutilated, lost,
stolen, or destroyed, the Company shall issue in exchange and substitution of and upon cancellation of the mutilated Warrant, or in lieu of and substitution for the Warrant lost, stolen or destroyed, a new Warrant of like tenor and for the purchase
of a like number of Warrant Shares, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction of the Warrant, and with respect to a lost, stolen or destroyed Warrant, reasonable indemnity or bond
with respect thereto, if reasonably requested by the Company. 
 8. Insufficient Authorized Shares. If at any time while
this Warrant remains outstanding the Company does not have a sufficient number of authorized and unreserved shares of Common Stock to satisfy its obligation to reserve for issuance upon exercise of this Warrant at least a number of shares of Common
Stock equal to (the “Required Reserve Amount”) the number of shares of Common Stock as shall from time to time be necessary to effect the exercise of all of this Warrant then outstanding (an “Authorized Share
Failure”), then the Company shall, within 90 days after the occurrence of such Authorized Share Failure take action to increase the Company’s authorized and unissued shares of Common Stock to an amount sufficient to allow the Company
to reserve the Required Reserve Amount for this Warrant then outstanding. The Company shall not be in breach of its obligation to reserve the Required Reserve Amount during such period so long as it is taking good faith efforts to satisfy its
obligations under this covenant. 
 9. Warrant Price. The Warrant Price, subject to adjustment as provided in
Section 10 hereof, shall, if payment is made in cash or by certified check, be payable in lawful money of the United States of America. 
 10. Adjustment of Warrant Exercise Price and Number of Shares. If the Company at any time after the date of issuance of this Warrant subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision will be proportionately reduced and the number of shares of Common Stock
obtainable upon exercise of this Warrant will be proportionately increased. If the Company at any time after the date of issuance of this Warrant combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding
shares of Common Stock into a smaller number of shares, the Warrant Price in effect immediately prior to such combination will be proportionately increased and the number of shares of Common Stock obtainable upon exercise of this Warrant will be
proportionately decreased. Any adjustment under this Section 10 shall become effective at the close of business on the date the subdivision or combination becomes effective. 

11. Replacement Warrants. The Company agrees that after any request from time to time of the Warrantholder and within ten
(10) business days upon the Company’s receipt of this Warrant, the Company shall deliver to such holder a new Warrant in substitution of this Warrant which is identical in all respects except that the then Warrant Price shall be
appropriately specified in the Warrant, and the Warrant shall specify the fixed number of Warrant Shares into which this Warrant is then exercisable. Such changes are intended not as amendments to the Warrant but only as clarification of the
adjustment in the preceding Section for convenience purposes, and such adjustments shall not affect any provisions concerning adjustments to the Warrant Price or number of Warrant Shares contained herein. 

  
 4 

 12. Fractional Interest. The Company shall not be required to issue fractions of
Warrant Shares upon the exercise of the Warrant. If any fraction of a Warrant Share would, except for the provisions of this Section, be issuable upon the exercise of the Warrant (or specified portions thereof), the Company shall round such
calculation to the nearest whole number and disregard the fraction. 
 13. Benefits. Nothing in this Warrant shall be
construed to give any person, firm or corporation (other than the Company and the Warrantholder) any legal or equitable right, remedy or claim, it being agreed that this Warrant shall be for the sole and exclusive benefit of the Company and the
Warrantholder. 
 14. Notices to Warrantholder. Upon the happening of any event requiring an adjustment of the Warrant
Price, the Company shall forthwith give written notice thereof to the Warrantholder at the address appearing in the records of the Company, stating the adjusted Warrant Price and the adjusted number of Warrant Shares resulting from such event and
setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. In the event of a dispute with respect to any such calculation, the certificate of the Company’s independent certified public
accountants shall be conclusive evidence of the correctness of any computation made, absent manifest error. Failure to give such notice to the Warrantholder or any defect therein shall not affect the legality or validity of the subject adjustment.

 15. Identity of Transfer Agent. The Transfer Agent for the Common Stock is Broadridge. Forthwith upon the appointment
of any subsequent transfer agent for the Common Stock or other shares of the Company’s capital stock issuable upon the exercise of the rights of purchase represented by the Warrant, the Company will fax to the Warrantholder a statement setting
forth the name and address of such transfer agent. 
 16. Notices. Any notice pursuant hereto to be given or made by the
Warrantholder to or on the Company shall be sufficiently given or made if delivered personally or by facsimile or if sent by an internationally recognized courier, addressed as follows: 

Stereotaxis, Inc. 
 4320 Forest Park Avenue, Suite 100 
 St. Louis, Missouri 63108 

Fax: (314) 678-6110 
 Attention: Chief Financial Officer 
 or such other address as the Company may specify in writing
by notice to the Warrantholder complying as to delivery with the terms of this Section 16. 

  
 5 

 Any notice pursuant hereto to be given or made by the Company to or on the Warrantholder
shall be sufficiently given or made if personally delivered, if sent by facsimile or if sent by an internationally recognized courier service by overnight or two-day service, to the address set forth on the books of the Company or, as to each of the
Company and the Warrantholder, at such other address as shall be designated by such party by written notice to the other party complying as to delivery with the terms of this Section 16. 

All such notices, requests, demands, directions and other communications shall, when sent by courier, be effective two (2) days
after delivery to such courier as provided and addressed as aforesaid. All faxes shall be effective upon receipt. 
 17.
Registration Rights. The holder of this Warrant is entitled to the benefit of certain registration rights in respect of the Warrant Shares as provided in the Purchase Agreement. 

18. Successors. Subject to the restrictions on transfer described in Section 21 below, all the covenants and provisions
hereof by or for the benefit of the Warrantholder shall bind and inure to the benefit of its respective successors and assigns hereunder. 
 19. Governing Law. This Warrant shall be deemed to be a contract made under the laws of the State of Delaware, without giving effect to its conflict of law principles, and for all purposes shall be
construed in accordance with the laws of said State. 
 20. Absolute Obligation to Issue Warrant Shares. The
Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the holder hereof to enforce the same, any waiver or consent with respect to
any provision hereof, the recovery of any judgment against 

  
 6 

 
any person or entity or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the holder hereof or any other
Person of any obligation to the Company or any violation or alleged violation of law by the holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Company to the holder hereof in
connection with the issuance of Warrant Shares. The Company will at no time close its shareholder books or records in any manner which interferes with the timely exercise of this Warrant. 

21. Assignment, etc. The Warrantholder agrees that in no event will it make a transfer or disposition of any of this Warrant or
the Warrant Shares (other than pursuant to an effective registration statement under the Securities Act), unless and until (i) it shall have notified the Company of the proposed disposition and shall have furnished the Company with a statement
of the circumstances surrounding the disposition and assurance that the proposed disposition is in compliance with all applicable laws, and (ii) if reasonably requested by the Company, at the expense of such Warrantholder or its transferee, it
shall have furnished to the Company an opinion of counsel, reasonably satisfactory to the Company, to the effect that such transfer may be made without registration under the Securities Act. Notwithstanding the foregoing, no formal notice or opinion
of counsel shall be required for the transfer by an Warrantholder to any of the following (each, a “Permitted Transferee”): (x) any partner of a Warrantholder or to a retired partner of a Warrantholder, who retires after the
date of this Warrant, (y) the estate of any such partner or a retired partner or for the transfer by gift, will or intestate succession of any partner to his spouse or lineal descendants or ancestors or (z) any entity which is a
wholly-owned subsidiary of the Warrantholder or which is under common control with the Warrantholder; provided, however, in all cases where no legal opinion is required that the transferee shall agree in writing to be subject to the terms of this
Warrant to the same extent as if it were the original Warrantholder hereunder. 
 IN WITNESS WHEREOF, the Company has caused
this Common Stock Purchase Warrant to be duly executed as of the date first written above. 
  

			
	STEREOTAXIS, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 7

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