Document:

knwn_ex101

 

Exhibit
10.1

AMENDMENT NO. 4 TO

10% CONVERTIBLE REDEEMABLE NOTE

DATED SEPTEMBER 30, 2016

 

THIS
AMENDMENT NO. 4 TO 10% REDEEMABLE NOTE DATED SEPTEMBER 30, 2016
(this “Amendment”) is made and entered
into as of December 9, 2020, by and between Clayton A. Struve (the
“Holder”) and
Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated
(the “Company”).

 

WHEREAS, the
Company is a party to that certain 10% Convertible Redeemable Note
dated September 30, 2016, as amended by Amendment No. 3 dated as of
May 11, 2020 (as so amended, the “Note”) payable to Holder
(capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Note);

 

WHEREAS, the Note
currently has a Maturity Date of September 30, 2020;
and

 

WHEREAS, the Holder
and the Company wish to amend the Note to extend the Maturity
Date;

 

NOW,
THEREFORE, in consideration of the mutual covenants, agreements,
representations, and warranties contained herein, and for other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as
follows.

 

1. Amendment of Maturity Date. The
Maturity Date of the Note is hereby amended to March 31,
2021.

 

2. No Other Changes. Except as
specifically set forth in this Amendment, the terms of the Note
remain in full force and effect.

 

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

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P.
Erickson

 

By:
Ronald P. Erickson

Its:
Chairman

 

Holder:

 

/s/ Clayton A.
Struve

 

Clayton A.
Struveknwn_ex012

 

Exhibit
10.2

AMENDMENT NO. 4 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED AUGUST 14, 2017

 

THIS
AMENDMENT NO. 4 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE
DATED AUGUST 14, 2017 (this “Amendment”) is made and entered
into as of December 9, 2020, by and between Clayton A. Struve (the
“Holder”), and
Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated
(the “Company”).

 

WHEREAS, the
Company is a party to that certain Senior Secured Convertible
Redeemable Debenture dated August 14, 2017, as amended by Amendment
No. 3 dated as of May 11, 2020 (as so amended, the
“Debenture”)
payable to Holder (capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the
Debenture);

 

WHEREAS, the
Debenture currently has a Maturity Date of September 30, 2020;
and

 

WHEREAS, the Holder
and the Company wish to amend the Debenture to extend the Maturity
Date;

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby
agree as follows.

 

1. Amendment of Maturity Date. The
Maturity Date of the Debenture is hereby amended to March 31,
2021.

 

2. No Other Changes. Except as
specifically set forth in this Amendment, the terms of the
Debenture remain in full force and effect.

 

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

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P. Erickson

 

By:
Ronald P. Erickson

Its:
Chairman

 

Holder:

 

/s/ Clayton A.
Struve

 

Clayton
A. Struveknwn_ex103

 

Exhibit
10.3

 

AMENDMENT NO. 4 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED DECEMBER 12, 2017

 

 

THIS
AMENDMENT NO. 4 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE
DATED DECEMBER 12, 2017 (this “Amendment”) is made and entered
into as of December 9, 2020, by and between Clayton A. Struve (the
“Holder”), and
Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated
(the “Company”).

 

WHEREAS, the
Company is a party to that certain Senior Secured Convertible
Redeemable Debenture dated December 12, 2017, as amended by
Amendment No. 3 dated as of May 11, 2020 (as so amended, the
“Debenture”)
payable to Holder (capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the
Debenture);

 

WHEREAS, the
Debenture currently has a Maturity Date of September 30, 2020;
and

 

WHEREAS, the Holder
and the Company wish to amend the Debenture to extend the Maturity
Date;

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby
agree as follows.

 

1. Amendment of Maturity Date. The
Maturity Date of the Debenture is hereby amended to March 31,
2021.

 

2. No Other Changes. Except as
specifically set forth in this Amendment, the terms of the
Debenture remain in full force and effect.

 

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

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P.
Erickson

 

By:
Ronald P. Erickson

Its:
Chairman

 

Holder:

 

/s/ Clayton A.
Struve

 

Clayton A.
Struveknwn_ex104

 

Exhibit
10.4

AMENDMENT NO. 3 TO

SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE

DATED FEBRUARY 28, 2018

 

 

THIS
AMENDMENT NO. 3 TO SENIOR SECURED CONVERTIBLE REDEEMABLE DEBENTURE
DATED FEBRUARY 28, 2018 (this “Amendment”) is made and entered
into as of December 9, 2020, by and between Clayton A. Struve (the
“Holder”), and
Know Labs, Inc., a Nevada corporation f/k/a Visualant, Incorporated
(the “Company”).

 

WHEREAS, the
Company is a party to that certain Senior Secured Convertible
Redeemable Debenture dated February 28, 2018, as amended by
Amendment No. 2 dated as of May 11, 2020 (as so amended, the
“Debenture”)
payable to Holder (capitalized terms used herein and not otherwise
defined shall have the meanings set forth in the
Debenture);

 

WHEREAS, the
Debenture currently has a Maturity Date of September 30, 2020;
and

 

WHEREAS, the Holder
and the Company wish to amend the Debenture to extend the Maturity
Date;

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby
agree as follows.

 

1. Amendment of Maturity Date. The
Maturity Date of the Debenture is hereby amended to March 31,
2021.

 

2. No Other Changes. Except as
specifically set forth in this Amendment, the terms of the
Debenture remain in full force and effect.

 

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

 

Company:

 

KNOW LABS, INC.

 

/s/ Ronald P.
Erickson

 

By:
Ronald P. Erickson

Its:
Chairman

 

Holder:

 

/s/ Clayton A.
Struve

 

Clayton
A. StruveExhibit 10.1

 

SECOND Amendment
to

SENIOR SUBORDINATED
CONVERTIBLE

LOAN AND
SECURITY AGREEMENT

 

This Second Amendment
to Senior Subordinated Convertible Loan and Security Agreement (this “Second Amendment”), dated as of
December 28, 2020 (the “Second Amendment Effective Date”), is among Blonder Tongue Laboratories, Inc.,
a Delaware corporation (the “Company”), the several Persons party to this Amendment as Lenders, and Robert
J. Pallé, in his capacity as Agent for the Lenders (“Agent”).

 

BACKGROUND

 

A. The
Company, the Persons from time to time party thereto as Lenders, and Agent are party to that certain Senior Subordinated Convertible
Loan and Security Agreement, dated as of April 8, 2020, as amended by that certain First Amendment to Senior Subordinated Convertible
Loan and Security Agreement and Joinder, dated as of April 24, 2020 (the “Existing Loan Agreement” and
as the same may be amended hereby and as further amended, supplemented and/or otherwise modified from time to time, the “Loan
Agreement”).

 

B. The
Company has advised Agent and the Lenders that the Company desires, on and subject to the terms and conditions set forth herein,
to amend certain provisions of the Existing Loan Agreement. Agent and the Lenders are willing to agree to such requests of the
Company, but only on and subject to the terms and conditions set forth herein.

 

Agreement

 

Now, therefore, in
consideration of the premises set forth in the BACKGROUND and the mutual covenants and agreements contained herein and for other
good and valuable consideration (the receipt and sufficiency of which are hereby specifically acknowledged), the parties hereto
hereby agree as follows:

 

1. Definitions;
References; Interpretation.

 

(a) Unless
otherwise specifically defined herein, each capitalized term used herein (including in the BACKGROUND hereof) that is defined in
the Existing Loan Agreement shall have the meaning assigned to such term in the Existing Loan Agreement.

 

(b) Each
reference to “this Agreement,” “hereof,” “hereunder,” “herein” and “hereby”
and each other similar reference contained in the Existing Loan Agreement, and each reference to “the Loan Agreement”
and each other similar reference in the other Loan Documents, shall from and after the date hereof, refer to the Existing Loan
Agreement, as amended hereby. This Second Amendment is a Loan Document.

 

(c) The
premises set forth in the BACKGROUND to this Second Amendment, including the terms defined therein, are hereby made a part of this
Second Amendment and the agreements contained herein as if fully set forth herein.

 

2. Acknowledgment,
Ratification and Consent.

 

(a) The
Company hereby acknowledges that it has reviewed the terms and provisions of the Existing Loan Agreement and this Second Amendment
and consents to the amendment of the Existing Loan Agreement effected pursuant to this Second Amendment. The Company hereby confirms
that each Loan Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee
or secure, as the case may be, to the fullest extent possible in accordance with the Loan Agreement and the other Loan Documents
the payment and performance of all “Lender Indebtedness” under each of the Loan Documents to which it is a party
(in each case as such term is defined in the applicable Loan Document).

 

(b) The
Company acknowledges and agrees that any of the Loan Documents to which it is a party or otherwise bound shall continue in full
force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited
by the execution or effectiveness of this Second Amendment.

 

     

     

    

 

3. Amendments
of the Existing Loan Agreement. Upon the effectiveness of this Second Amendment in accordance with the provisions hereof and
notwithstanding anything to the contrary contained in the Existing Loan Agreement or the other Loan Documents:

 

(a) Amendment
of Section 1.1 of the Existing Loan Agreement. Section 1.1 of the Existing Loan Agreement is hereby amended as of the Second
Amendment Effective Date, to amend and restate the following defined terms contained therein to read in full as follows:

 

“Conversion
Price” shall mean (i) with respect to the Tranche A Term Loan, the volume weighted average price of the Common Stock
on the NYSE American Exchange, during the five trading days preceding the date of this Agreement (“Tranche A Conversion
Price”), subject to adjustment as contemplated by Section 4.4(e); (ii) with respect to the Tranche B Term
Loan, Fifty-Five Cents ($0.55) per share of Common Stock (the “Tranche B Conversion Price”), subject
to adjustment as contemplated by Section 4.4(e); and (iii) with respect to the Tranche C Term Loan, the greater of (a) the
volume weighted average price of the Common Stock on the NYSE American Exchange, during the ten trading days ending on the earlier
of (A) the trading day immediately preceding the date on which the Tranche C Lenders agreement to provide the Tranche C Commitment
is publicly announced or (B) the trading day immediately preceding the date on which the Tranche C Lenders become party to this
Agreement, and (b) the Tranche A Conversion Price (the “Tranche C Conversion Price”), subject to adjustment
as contemplated by Section 4.4(e). Promptly following the date on which the Conversion Price in respect of the Tranche A
Term Loan, the Tranche B Term Loan and/or the Tranche C Term Loan is capable of being determined, the Company and the Agent shall
countersign and append to this Agreement, a Confirmation of such Conversion Price, in the form attached hereto as Exhibit
A, with a copy thereof provided to each Tranche A Lender, Tranche B Lender and/or Tranche C Lender, as the case may be.

 

(b) Amendment
of Section 1.1 of the Existing Loan Agreement. Section 1.1 of the Existing Loan Agreement is hereby amended as of the
Second Amendment Effective Date, to insert the following new defined terms in a manner that maintains alphabetical order, to read
in full as follows:

 

“Second
Amendment” means that certain Second Amendment to Senior Subordinated Convertible Loan and Security Agreement, dated
as of December _, 2020, by and among the Company, the Lenders and Agent.

 

“Second
Amendment Effective Date” shall have the meaning ascribed thereto in the Second Amendment.

 

(c) Amendment
of Section 4.6 of the Existing Loan Agreement. Section 4.6 of the Existing Loan Agreement is hereby amended and restated
in its entirety, as of the Second Amendment Effective Date, to read in full as follows:

 

4.6 Unregistered
Shares.

 

The
AGENT AND THE Lenders acknowledge and agree that the shareS of Common Stock into which the Accreted Principal Amount of each such
Lender’s Term Loan are convertible hereunder, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”) OR APPLICABLE STATE OR OTHER SECURITIES LAWS AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE
OF EITHER AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND REGISTRATION OR QUALIFICATION UNDER APPLICABLE STATE SECURITIES
LAWS OR AN OPINION OF COUNSEL REASONABLEY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED
UNDER APPLICABLE FEDERAL AND STATE SECURITIES LAWS.

 

    2

     

    

 

(d) Amendment
of Schedule 1.1 of the Existing Loan Agreement. Schedule 1.1 of the Existing Loan Agreement is hereby amended and restated
in its entirety as of the Second Amendment Effective Date, to read in full as set forth on Exhibit A attached hereto.

 

4. Representations
and Warranties. The Company hereby represents and warrants to Agent and Lenders as follows:

 

(a) The
execution, delivery and performance of this Second Amendment have been duly authorized by all necessary corporate and other action
and do not and will not require any registration with, consent or approval of, or notice to or action by, any Person in order to
be effective and enforceable.

 

(b) On
and as of the Second Amendment Effective Date, all representations and warranties contained in the Existing Loan Agreement and
in each other Loan Document are true and correct in all material respects (except to the extent such representations and warranties
expressly refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date).

 

5. Conditions
to Effectiveness.

 

(a) The
Second Amendment shall become effective as of the Second Amendment Effective Date upon the satisfaction of all of the following
conditions:

 

(i) the
Company shall have delivered to Agent an original (or electronic original via .pdf format) of this Second Amendment, duly executed
by the Company; and

 

(ii) each
of the representations and warranties contained in this Second Amendment shall be true, correct and accurate as of the Second Amendment
Effective Date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they
shall be true and correct in all material respects as of such earlier date).

 

(b) The
parties hereto specifically acknowledge and agree that: (i) the execution and delivery of this Second Amendment shall not be deemed
to create a course of dealing or otherwise obligate Agent or Lenders to execute similar agreements under the same, similar or different
circumstances in the future; and (ii) neither Agent nor any Lender has any obligation to further amend provisions of, or waive
compliance with or consent to a departure from the requirements of, the Loan Agreement or any of the other Loan Documents. Except
as expressly amended pursuant hereto, the Loan Agreement and each of the other Loan Documents shall remain unchanged and in full
force and effect and are hereby ratified and confirmed in all respects, and the Collateral described in the Loan Documents shall
continue to secure the Lender Indebtedness.

 

6. No
Waiver. Except as expressly provided herein, the execution and delivery of this Second Amendment shall not: (i) constitute
an extension, modification, or waiver of any term or aspect of the Loan Agreement or the other Loan Documents; (ii) extend the
terms of the Loan Agreement or the due date of any of the Lender Indebtedness; (iii) give rise to any other obligation on the part
of Agent or the Lenders to extend, modify or waive any term or condition of the Loan Agreement or any of the other Loan Documents;
or (iv) give rise to any defenses or counterclaims to the right of Agent or the Lenders to compel payment of the Lender Indebtedness
or to otherwise enforce their rights and remedies under the Loan Agreement and the other Loan Documents.

 

7. General
Release. On and as of the Second Amendment Effective Date and in consideration of the agreements set forth herein, the Company,
on behalf of itself and its successors and assigns, does hereby agree as follows (the “General Release”):

 

(a)
Each such Person does hereby release, acquit and forever discharge Agent and each Lender, all of Agent’s and each
Lender’s predecessors-in-interest, and all of Agent’s and each Lender’s past and present officers,
directors, managers, members, attorneys, affiliates, employees and agents, of and from any and all claims, demands,
obligations, liabilities, indebtedness, breaches of contract, breaches of duty or of any relationship, acts, omissions,
misfeasance, malfeasance, causes of action, defenses, offsets, debts, sums of money, accounts, compensation, contracts,
controversies, promises, damages, costs, losses and expenses, of every type, kind, nature, description or character, whether
known or unknown, suspected or unsuspected, liquidated or unliquidated (each of the foregoing, a
“Claim” and collectively, the “Claims”), each as though fully set forth
herein at length, that the Company, any guarantor or any of their respective successors or assigns now has or may have as of
the Second Amendment Effective Date in any way arising out of, connected with or related to any or all of the transactions
contemplated by the Loan Documents (including this Second Amendment) or any of them or any provision or failure to provide
credit or other accommodations to the Company or any other Person under the Loan Documents (including this Second Amendment)
or any of them or any other agreement, document or instrument referred to, or otherwise related to, any or all of the Loan
Documents (including this Second Amendment) or any of them (each, a “Released Claim” and,
collectively, the “Released Claims”).

 

    3

     

    

 

8. General
Provisions.

 

(a) This
Second Amendment shall be binding upon and inure to the benefit of the parties to the Loan Agreement and their respective successors
and assigns.

 

(b) This
Second Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument. Each of the parties hereto understands and agrees that this document
(and any other document required herein) may be delivered by the other party thereto either in the form of an executed original
or an executed original sent by facsimile or electronic transmission to be followed promptly by mailing of a hard copy original,
and that receipt by Agent of an electronically or telefacsimile document purportedly bearing the signature of any party hereto
and shall bind such party with the same force and effect as the delivery of a hard copy original.

 

(c) This
Second Amendment contains the entire and exclusive agreement of the parties to the Loan Agreement with reference to the matters
referred to herein. This Second Amendment supersedes all prior drafts and communications with respect hereto. This Second Amendment
may not be amended except in accordance with the provisions of the Loan Agreement.

 

(d) Section
14 of the Existing Loan Agreement, as amended hereby, is incorporated herein by this reference and made applicable as if set forth
herein in full, mutatis mutandis.

 

IN WITNESS WHEREOF,
the parties hereto have caused this Second Amendment to be executed as of the Second Amendment Effective Date.

 

	 	BLONDER TONGUE LABORATORIES, INC.,
	 	a Delaware corporation
	 	 
	 	By:	 
	 	 	Eric Skolnik, Senior Vice President & Chief Financial Officer

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	 
	 	AGENT:
	 	 
	 	ROBERT J. PALLÉ, as Agent
	 	 
	 	TRANCHE A LENDER:
		 
	 	ROBERT J. PALLÉ, as a Lender
		 
	 	 
	 	CAROL M. PALLÉ, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	TRANCHE A LENDER:
	 	 
	 	LIVEWIRE VENTURES, LLC 
	 	 
	 	 
	 	EDWARD R. GRAUCH, PRESIDENT, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	TRANCHE A LENDER:
	 	 
	 	MIDATLANTIC IRA, LLC FBO STEVEN L. SHEA IRA
	 	 
	 	 
	 	LISA GOODNOUGH, AGENT, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	TRANCHE A LENDER:
	 	 
	 	 
	 	ANTHONY BRUNO, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	TRANCHE A LENDER:
	 	 
	 	 
	 	STEPHEN K. NECESSARY, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

	 	TRANCHE B LENDER:
	 	 
	 	 
	 	RONALD V. ALTERIO, as a Lender

 

Signature Page to Second Amendment to Senior
Subordinated Convertible Loan and Security Agreement and Joinder

 

     

     

    

 

Exhibit
a

to Second
Amendment to SENIOR SUBORDINATED

CONVERTIBLE
Loan andSecurity Agreement

 

schedule
1.1

 

LENDERS; COMMITMENTS; PERCENTAGE SHARES1

 

Amounts
set forth below are effective as of (i) April 17, 2020, with respect to the Tranche A Commitment,

and
(ii) the Second Amendment Effective Date with respect to the Tranche B Commitment.

 

	
         

        Lenders
	Commitment	Percentage Share
	
        Tranche A Commitment

        (700,000 Funded)

	Livewire Ventures, LLC	$200,000 ($100,000 funded)	25.00%
	MidAtlantic IRA, LLC FBO Steven L. Shea IRA	$200,000 (fully funded)	25.00%
	Carol M. Pallé and Robert J. Pallé, jointly and severally	$300,000 (fully funded)	37.50%
	Anthony J. Bruno	$50,000 (fully funded)	6.25%
	Stephen K. Necessary	$50,000 (fully funded)	6.25%
	 	 	 
	 	 	 
	TOTAL TRANCHE A	$800,000	100 %
	Tranche B Commitment
	Porter Partners, L.P.	$125,000 (fully funded/ converted to common stock)	0.00%
	Bruce Evans and Kathryn Evans, JTWROS	$50,000 (fully funded/ converted to common stock)	0.00%
	Ronald V. Alterio	$25,000 (fully funded)	100.00%
	TOTAL TRANCHE B	$25,000	100% 
	Tranche C Commitment
	 	$_______	 
	TOTAL TRANCHE C	$________	100% 
	 	 	 

 

 

 

 

1
This Schedule is subject to change as and to the extent that Tranche C Lenders become Lenders hereunder by joinder.

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