Document:

EX-10.2

 Exhibit 10.2 

March 5, 2018 
 STEREOTAXIS, INC. 

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

  

	Re:	Exercise of Restated SPA Warrants during Restricted Exercise Period 

 Ladies and Gentlemen: 

Stereotaxis, Inc., a Delaware corporation (the “Company”), previously issued warrants (the “Original
Warrants”) to purchase shares of common stock, par value $0.001 (the “Common Stock”), of the Company, which were issued pursuant to a certain Securities Purchase Agreement dated September 26, 2016, by and among the
Company and certain investors named therein. The Company and the holders of the Original Warrants (the “Holders”) entered into a transaction (the “Transaction”) pursuant to which the Company agreed to issue Amended
and Restated Warrants (the “Restated Warrants”; the shares of Common Stock issuable upon exercise of the Restated Warrants, the “Warrant Shares”) to such Holders. The Restated Warrants provide, among other things,
that such warrants may be exercised at a reduced exercise price for a limited period of time (as specified in the Restated Warrants, the “Restricted Exercise Period”). It is a condition of exercise during the Restricted Exercise
Period that the undersigned Holder deliver this letter agreement (the “Lock-Up Agreement”), which condition serves as a material inducement to the Company entering into the Transaction and
agreeing to issue the Warrant Shares for said reduced exercise price. 
 Accordingly, in connection with its exercise of the Restated
Warrants during the Restricted Exercise Period, the undersigned Holder hereby agrees that for a period (the “Lock-Up Period”) commencing the date hereof through 18 months following
March 12, 2018 (the last date for delivery of the Aggregate Exercise Price for any such exercise of the Restated Warrants during the Restricted Exercise Period), such Holder will not, without the prior written consent of the Company, directly
or indirectly: (1) offer, sell, contract to sell, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of the Restated
Warrants or the Warrant Shares, or any securities convertible into or exercisable or exchangeable for the Restated Warrants or the Warrant Shares (such shares or securities, the “Covered Securities”)); (2) enter into any swap
or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Covered Securities, regardless of whether any such transaction described herein is to be settled by delivery of the Common
Stock or such other securities, or by delivery of cash or otherwise; or (3) publicly announce any intention to do any of the foregoing. 

Notwithstanding the foregoing, the restrictions set forth above shall not apply to transfers (i) as a bona fide gift or gifts, or by will
or intestate succession, provided that the donee or donees or transferee or transferees thereof agree to be bound in writing by the restrictions set forth herein, (ii) to any trust for the direct or indirect benefit of the undersigned or the
immediate family of the undersigned, provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, or (iii) with
the prior written consent of the Company, For purposes of this Lock-Up Agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first
cousin. None of the restrictions set forth in this Lock-Up Agreement shall apply to Common Stock acquired in open market transactions or other Company securities beneficially owned by the undersigned
Holder other than the Covered Securities. If the undersigned is a partnership, limited liability company, trust, corporation or similar entity, it may 

 
distribute the Common Stock or Covered Securities to its partners, members or stockholders, or to affiliates under the control of the undersigned; provided, however, that in each such case, prior
to any such transfer, each transferee shall execute a duplicate form of this Lock-Up Agreement or execute an agreement, reasonably satisfactory to the Company, pursuant to which each transferee shall agree to
receive and hold such Covered Securities subject to the provisions hereof, and there shall be no further transfer except in accordance with the provisions hereof. 

The foregoing restrictions are expressly agreed to preclude the undersigned from engaging in any hedging or other transaction which is
designed to or reasonably expected to lead to or result in a sale or disposition of the Covered Securities even if such Covered Securities would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions
would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put option or put equivalent position or call option or call equivalent position) with respect to any of the Covered
Securities or with respect to any security that includes, relates to, or derives any significant part of its value from such Covered Securities. 

The undersigned hereby agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent against the
transfer of securities of the Company held by the undersigned during the Lock-Up Period (as may have been extended pursuant hereto), except in compliance with this
Lock-Up Agreement. 
 The undersigned hereby represents and warrants that the undersigned has full
power and authority to enter into this Lock-Up Agreement. This Lock-Up Agreement is irrevocable and all authority herein conferred or agreed to be conferred shall
survive the death or incapacity of the undersigned and any obligations of the undersigned shall be binding upon the heirs, personal representatives, successors and assigns of the undersigned. 

This Lock-Up Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to the conflict of laws principles thereof. 
 [Remainder of page intentionally left blank] 

 
	
	Very truly yours,
	
	  

	Name of Holder (Print exact name)
	
	  

	Signature
	
	If not signing in an individual capacity:
	
	  

	Name of Authorized Signatory (Print)
	
	  

	Title of Authorized Signatory (Print)Exhibit 10.20

 

FIRST AMENDMENT TO LEASE

 

 

 

THIS FIRST
AMENDMENT TO LEASE (this "Amendment") is made as of the 19th day of December, 2017 by and between 750 UNIVERSITY,
LLC, a California limited liability company ("Landlord") and ATOMERA INCORPORATED, a Delaware corporation
("Tenant").

 

 

R E C I T A L S

 

A.       Tenant
currently leases from Landlord approximately, which Landlord and Tenant hereby agree consists of approximately three thousand three
hundred ninety-six (3,396) rentable square feet of space located at 750 University Avenue, Suite 280, Los Gatos, California (the
"Premises") pursuant to that certain lease dated January 19, 2017 (the "Lease").

 

B.       The
Lease provides for a termination date of January 31, 2018.

 

C.       Landlord
and Tenant desire to extend the term of the Lease on the terms and conditions set forth herein.

 

NOW, THEREFORE,
the parties hereby mutually promise, covenant and agree as follows:

 

1.       Term.
The term of the Lease is hereby extended for three (3) years from and after February 1, 2018, so that the term of the Lease shall
extend to and include January 31, 2021. The period commencing on February 1, 2018 and ending on January 31, 2021 is referred to
herein as the "Extended Term".

 

2.       Basic
Rent. During the Extended Term the basic rent as provided in paragraphs 4(a) and 5(a) of the Lease shall be as follows:

 

	February 1, 2018 through January 31, 2019	$12,735.00 per month
	 	 
	February 1, 2019 through January 31, 2020	$13,117.05 per month 
	 	 
	February 1, 2020 through January 31, 2021	$13,510.56 per month 

 

3.       Direct
Expense Increases. During the Extended Term, Tenant shall continue to pay to Landlord Tenant's Percentage Share of Direct
Expense Increases as provided in paragraph 5 of the Lease, except that the Base Year for purposes of determining the Direct Expense
Increases shall be 2018.

 

4.       Cash
Security Deposit. 

 

4.1       Concurrently
with Tenant's execution of this Amendment, Tenant shall deliver to Landlord the sum of Twelve Thousand Seven Hundred Thirty-five
Dollars ($12,735.00), which sum shall be held by Landlord as a security deposit for the faithful performance by Tenant of all of
the terms, covenants and conditions of this lease to be kept and performed by Tenant. It is expressly understood and agreed that
such deposit is not an advance rental deposit or a measure of Landlord's damages in case of Tenant's default. If Tenant defaults
with respect to any provision of this lease, including but not limited to, the provisions relating to the payment of basic rent
and direct expenses, Landlord may (but shall not be required to) use, apply, or retain all or any part of this security deposit
for the payment of any amount which Landlord may spend by reason of Tenant's default or to compensate Landlord for any other loss
or damage which Landlord may suffer by reason of default. If any portion of said deposit is so used, Tenant shall, within ten (10)
days after written demand therefor, deposit cash with Landlord in the amount sufficient to restore the security deposit to its
original amount; Tenant's failure to do so shall be a material breach of this lease. Landlord shall not be required to keep this
security deposit separate from its general funds and Tenant shall not be entitled to interest on such deposit. If Tenant is not
in default at the expiration or termination of this lease, the security deposit or any balance thereof shall be returned to Tenant
after Tenant has vacated the Premises. In the event of termination of Landlord's interest in this lease, Landlord shall transfer
said deposit to Landlord's successor in interest, and Tenant agrees that Landlord shall thereupon be released from liability for
the return of such deposit or any accounting therefor.

 

 

 

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4.2       Tenant
may not assign or encumber the security deposit, except in connection with a permitted assignment of this lease consented to in
writing by Landlord. Any attempt to do so shall be void and shall not be binding on Landlord. Tenant waives the provisions of California
Civil Code Section 1950.7, and all other provisions of law now in force or that become in force after the date of execution of
this lease, that provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults
in the payment of rent, to repair damage caused by Tenant, or to clean the Premises. Landlord and Tenant agree that Landlord may,
in addition, claim those sums reasonably necessary to compensate Landlord for any other foreseeable or unforeseeable loss or damage
caused by the act or omission of Tenant or Tenant's officers, agents, employees, independent contractors, or invitees.

 

5.       Cancellation
of Letter of Credit Requirement. Upon delivery of the cash security deposit to Landlord as specified in paragraph 4 above,
paragraph 4(f) of the Lease shall be deleted in its entirety and the letter of credit required thereunder shall be cancelled and
Tenant shall have no further obligation to provide a letter of credit to Landlord.

 

6.       Tenant
Improvements. Landlord will perform a remodel within the Premises at Tenant's request during the Extended Term between
October 1, 2018 and June 30, 2019, with no less than ninety (90) days advance written notice from Tenant. The remodel shall consist
of the tenant improvements ("Tenant Remodel Work") specified in the plans and specifications attached hereto as Exhibit
A. Tenant will cooperate with Landlord and Landlord's contractor to allow Landlord's contractor to complete the Tenant Remodel
Work.

 

7.       Brokers.
Tenant represents and warrants to Landlord that it has not dealt with any broker other than McCandless Management Corporation (Landlord’s
broker) and agrees to indemnify, defend, protect and hold Landlord harmless from and against any and all claims from any other
broker claiming to have represented Tenant in connection with this Amendment.

 

8.       Authority.
Each individual executing this Amendment on behalf of a corporation represents and warrants that he/she is duly authorized to execute
and deliver this Amendment on behalf of the corporation and that this Amendment is binding upon said corporation in accordance
with its terms.

 

6.       Restatement
of Other Lease Terms. Except as specifically modified herein, all terms, covenants and conditions of the Lease shall remain
in full force and effect.

 

IN WITNESS WHEREOF,
Landlord and Tenant have executed and delivered this lease as of the date first written above.

 

 

	Landlord:

 

750 UNIVERSITY, LLC,

a California limited liability company

	 	
        Tenant:

         

        ATOMERA INCORPORATED,

        a Delaware corporation

        

	 	 	 	 
	By	McCandless Management corporation,
 a California corporation, its Authorized Agent

         

        By: /s/ Steven E. Sund

         

        Name: Steven E. Sund

         

        Title: President

         

        Date: 12/19/17
	 	By: /s/ Scott A. Bibaud

         

        Name: Scott A. Bibaud

         

        Title: President

         

        Date: 12/19/17

         

        By: /s/ Francis B. Laurencio

         

        Name: Francis B. Laurencio

         

        Title: CFO

         

        Date: December 19, 2017

 

 

 

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