Document:

Exhibit 4.2.9

 

AMENDMENT NO. 8 TO 

SHAREHOLDER RIGHTS AGREEMENT

 

 

This Amendment No.
8 to Shareholder Rights Agreement (the “Amendment”), dated as of February 8, 2017, by and between NeuroMetrix,
Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC (the “Rights
Agent”), amends that certain Shareholder Rights Agreement, dated as of March 7, 2007, as amended as of September
8, 2009, June 5, 2013, June 25, 2014, May 28, 2015, December 29, 2015, June 3, 2016 and December 28, 2016 between the Company and
the Rights Agent (as so amended, the “Rights Agreement”).

 

WHEREAS, the
Company and the Rights Agent are parties to the Rights Agreement; and

 

WHEREAS, the
Company desires to extend the term of the Final Expiration Date (as defined in the Rights Agreement) by one year;

 

WHEREAS, pursuant
to Section 27 of the Rights Agreement, the Company and the Rights Agent may from time to time supplement or amend the Rights Agreement
subject to the terms of the Rights Agreement; and

 

WHEREAS, the
Board of Directors of the Company has determined that an amendment to the Rights Agreement as set forth herein is necessary and
desirable in connection with the foregoing and the Company and the Rights Agent desire to evidence such amendment in writing.

 

NOW, THEREFORE,
in consideration of these premises and mutual agreements set forth herein, the parties agree as follows:

 

1.       Amendment
to Section 7. Section 7(a) of the Rights Agreement is amended by striking Section 7(a) thereof in its entirety and replacing
it with the following:

“(a) Subject to Section 7(e) hereof, the registered holder of any Right Certificate may exercise
the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date
upon surrender of the Right Certificate, with the form of election to purchase and the certificate on the reverse side thereof
duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment
of the aggregate Exercise Price for the total number of one ten-thousandths of a share of Preferred Stock (or other securities,
cash or other assets, as the case may be) as to which such surrendered Rights are then exercised, at or prior to the earlier of
(i) the Close of Business on the eleventh anniversary of the Record Date (the “Final Expiration Date”), (ii) the time
at which the Rights are redeemed as provided in Section 23 hereof (the “Redemption Date”) or (iii) the time at which
such Rights are exchanged as provided in Section 24 hereof (the “Exchange Date”) (the earliest of (i), (ii) or (iii)
being herein referred to as the “Expiration Date”). Except as set forth in Section 7(e) hereof and notwithstanding
any other provision of this Agreement, any Person who prior to the Distribution Date becomes a record holder of shares of Common
Stock of the Company may exercise all of the rights of a registered holder of a Right Certificate with respect to the Rights associated
with such shares of Common Stock of the Company in accordance with the provisions of this Agreement, as of the date such Person
becomes a record holder of shares of Common Stock of the Company.”

 

     

     

    

 

2.       Ratification.
The parties hereby ratify and confirm in all respects the Agreement, as amended by this Amendment.

 

3.       Governing
Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall
be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely
within such State.

 

4.       Counterparts.
This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed
to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

5.       Descriptive Headings. Descriptive
headings of the several Sections of this Amendment are inserted for convenience only and shall not control or affect the meaning
or construction of any of the provisions hereof.

 

[remainder left intentionally blank]

    	 

    	 

    

IN WITNESS WHEREOF,
the parties have entered into this Amendment No. 8 to Shareholder Rights Agreement as of the date first stated above.

 

NEUROMETRIX, INC.

 

	By:	 
	Name:	Thomas T. Higgins
	Title:	
        Senior Vice President, Chief

        Financial Officer, Treasurer and

        Principal Accounting Officer

 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

	 	 	 	 	 	 
	By:	 
	Name:	 
	Title:Exhibit 10.2.6

 

EIGHTH MODIFICATION TO LOAN AND SECURITY
AGREEMENT

 

This Eighth Modification to Loan and Security
Agreement (this “Modification”) dated December 29, 2016, 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, and

the Seventh Modification to Loan
and Security Agreement dated January 14, 2016, (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, 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 $1,000,000.

 

‘Revolving Maturity Date’
means January 15, 2018.”

 

(b)          The
following is incorporated into the Agreement as new Section 2.7:

 

“2.7     Unused
Facility Fee. Borrower shall pay to Bank a quarterly unused facility fee equal to one quarter of one percent (0.25%) per annum
of the difference between the Revolving Line and the average outstanding principal balance of the Obligations during the applicable
quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable. The fee
shall accrue from and after January 15, 2017, and shall be first payable for the fiscal quarter ending March 31, 2017.”

 

(c)          The
contact information for Borrower set forth in Section 10 is amended to be as follows:

 

    - 1 -

     

    

 

	“If to Borrower:	NeuroMetrix, Inc.
	 	1000 Winter Street
	 	Waltham, MA 02451
	 	Attn: Chief Financial Officer
	 	Fax:  (781) 663-2992”

 

 

(d)          The
Amended and Restated Prime Referenced Rate Addendum to Loan and Security Agreement dated January 23, 2015, made between Borrower
and Bank (“Addendum”) is amended to give the following defined term, set forth in Section 1 of the Addendum,
the following amended definition:

 

“ ‘Daily Adjusting
LIBOR Rate’ means, for any day, a per annum interest rate which is equal to the quotient of the following:

 

(1)         for
any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period
equal to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service at or about 11:00 a.m. (London,
England time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately preceding
Business Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or
otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be determined by reference
to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or, in the absence
of such other service, the “Daily Adjusting LIBOR Rate” for such day shall, instead, be determined based upon the average
of the rates at which Bank is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or as soon thereafter as
practical), on such day, or if such day is not a Business Day, on the immediately preceding Business Day, in the interbank eurodollar
market in an amount comparable to the principal amount of the Indebtedness outstanding hereunder and for a period equal to one
(1) month;

 

divided by

 

(2)         1.00
minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency
Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such
regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which
includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves
are required to be maintained on such category;

 

provided,  however,
and notwithstanding anything to the contrary set forth in this Addendum, if at any time the Daily Adjusting LIBOR Rate determined
as provided above would be less than zero percent (0%), then the Daily Adjusting LIBOR Rate shall be deemed to be zero percent
(0%) per annum for all purposes of this Addendum. Each calculation by Bank of the Daily Adjusting LIBOR Rate shall be conclusive
and binding for all purposes, absent manifest error.”

 

    - 2 -

     

    

 

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.

 

(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;

 

(ii)         payment
of an amendment fee in the amount of $5,000.00, which shall be deemed fully earned and non-refundable upon payment; and

 

(iii)        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.           Counterparts.
This Agreement 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]

 

    - 3 -

     

    

 

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

 

	BANK:	 	BORROWER:
	 	 	 	 	 
	Comerica
    Bank	 	NeuroMetrix,
    Inc., a Delaware corporation
	 	 	 	 	 
	By:	/s/
    Jason G. Pan	 	By:	/s/
    Thomas T. Higgins
	 	Jason G. Pan	 	Printed Name:	Thomas
    T. Higgins
	Its:	Vice President	 	Its:	CFO

 

    - 4 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]