Document:

Document

Exhibit 10.2

THIRD AMENDMENT TO LEASE
THIS THIRD AMENDMENT TO LEASE (this “Amendment”) is entered into as of this 27th day of June, 2022 (the “Third Amendment Execution Date”), by and between BMR-BAYSHORE BOULEVARD LP, a Delaware limited partnership (“Landlord”), and CAREDX, INC., a Delaware corporation (“Tenant”).
RECITALS
A.WHEREAS, Landlord, formerly known as BMR-Bayshore Boulevard LLC, a Delaware limited liability company, and Tenant, formerly known as XDx, Inc., a Delaware corporation, which was itself formerly known as Expression Diagnostics, Inc., a Delaware corporation, are parties to that certain Lease dated as of April 27, 2006 (the “Original Lease”), as amended by that certain First Amendment to Lease dated as of November 10, 2010, and as further amended by that certain Second Amendment to Lease dated as of January 2, 2020 (the “Second Amendment”) (collectively, and as the same may have been further amended, amended and restated, supplemented or modified from time to time, the “Existing Lease”), whereby Tenant leases certain premises consisting of approximately 46,034 square feet of Rentable Area (the “Existing Premises”) from Landlord at 3260 Bayshore Boulevard in Brisbane, California (the “Building”);
B.WHEREAS, Landlord and Tenant desire to expand the Existing Premises; and
C.WHEREAS, Landlord and Tenant desire to modify and amend the Existing Lease only in the respects and on the conditions hereinafter stated.
AGREEMENT
NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, agree as follows:
1.Definitions.  For purposes of this Amendment, capitalized terms shall have the meanings ascribed to them in the Existing Lease unless otherwise defined herein.  The Existing Lease, as amended by this Amendment, is referred to collectively herein as the “Lease.” From and after the date hereof, the term “Lease,” as used in the Existing Lease, shall mean the Existing Lease, as amended by this Amendment.
2.Expansion of the Existing Premises.  That certain space located on the first (1st) floor of the Building, consisting of approximately fifteen thousand four hundred ten (15,410) square feet of Rentable Area, as shown on Exhibit A attached hereto, is referred to herein as the “Additional Premises.” Tenant shall lease the Additional Premises effective as of July 1, 2022 (the “Additional Premises Term Commencement Date”).  Accordingly, effective upon the Additional Premises Term Commencement Date, the Existing Premises shall be increased to include the Additional Premises.  Effective as of the Additional Premises Term Commencement Date, all references to the “Premises” in the Lease shall mean and refer to the Existing Premises as expanded by the Additional Premises.  Landlord shall deliver exclusive possession of the Additional Premises to Tenant on the Additional Premises Term Commencement Date.
3.Third Amendment Additional Premises Term.  The term of the leasehold of the Additional Premises granted by this Amendment (the “Third Amendment Additional Premises Term”) shall commence on the Additional Premises Term Commencement Date and shall be coterminous with the Term of the Lease for the Existing Premises, such that the Term with respect to the entire Premises (including both the Existing Premises and the Additional Premises) 

shall expire on the Term Expiration Date (i.e., February 28, 2029), subject to extension or earlier termination as provided in the Lease.
4.Basic Annual Rent.
4.1Basic Annual Rent for the Additional Premises.  Commencing on the Additional Premises Term Commencement Date and continuing throughout the Third Amendment Additional Premises Term, Tenant shall pay to Landlord monthly installments of Basic Annual Rent for the Additional Premises in the amounts set forth below:
												
	Dates	Square Feet of Rentable Area	Monthly Basic Annual Rent per Square Foot of Rentable Area	Monthly Installment of Basic Annual Rent
	7/1/22 – 6/30/23	15,410	$6.75	$104,017.50*
	7/1/23 – 6/30/24	15,410	$6.99	$107,715.90
	7/1/24 – 6/30/25	15,410	$7.23	$111,414.30
	7/1/25 – 6/30/26	15,410	$7.48	$115,266.80
	7/1/26 – 6/30/27	15,410	$7.75	$119,427.50
	7/1/27 – 6/30/28	15,410	$8.02	$123,588.20
	7/1/28 – 2/28/29	15,410	$8.30	$127,903.00

* Subject to the Additional Premises Free Rent Period (as defined below).
4.2Basic Annual Rent for the Existing Premises.  Tenant shall continue to pay Basic Annual Rent for the Existing Premises in the amounts, and at the times, set forth in the Existing Lease.
4.3Basic Annual Rent Abatement for the Additional Premises.  So long as no Default by Tenant has occurred, Tenant shall not be required to pay the monthly installments of Basic Annual Rent solely with respect to the Additional Premises for the first (1st) and second (2nd) months of the Third Amendment Additional Premises Term (such period, the “Additional Premises Free Rent Period”); provided, however, that the total amount of Basic Annual Rent abated during the Additional Premises Free Rent Period shall not exceed Two Hundred Eight Thousand Thirty-Five and 00/100 Dollars ($208,035.00) (the “Additional Premises Free Rent Cap”).  During the Additional Premises Free Rent Period, Tenant shall continue to be responsible for the payment of all of Tenant’s other Rent obligations under the Lease, including all Basic Annual Rent with respect to the Existing Premises and all Additional Rent such as Operating Expenses, the Property Management Fee (which shall be calculated as if the Additional Premises Free Rent Period was not in effect), and costs of utilities for the Premises.  Upon the occurrence of any Default during the Additional Premises Free Rent Period, (a) the abatement of Basic Annual Rent granted under this Section shall be immediately suspended commencing on the date of such Default and continuing until the date that Tenant cures such Default (such period, the 
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“Default Period”), (b) the Additional Premises Free Rent Period shall not toll or be extended in any manner whatsoever (such that Tenant shall lose the benefit of any Basic Annual Rent abatement that would have accrued during the Default Period), and (c) the Additional Premises Free Rent Cap shall be reduced accordingly.  In the event of any Default that results in termination of the Lease, then, as part of the recovery to which Landlord is entitled pursuant to the Lease, and in addition to any other rights or remedies to which Landlord may be entitled pursuant to the Lease (including Article 24 of the Original Lease), at law or in equity, Landlord shall be entitled to the immediate recovery, as of the day immediately prior to such termination of the Lease, of the unamortized amount of Basic Annual Rent that Tenant would have paid had the Additional Premises Free Rent Period not been in effect.
5.Property and Project.  The Property currently consists of a three (3) building project located at 3240, 3260 and 3280 Bayshore Boulevard in Brisbane, California.  To clarify, and notwithstanding anything to the contrary in the Existing Lease, (i) the term “Property” means and refers to the real property owned by Landlord at 3240, 3260 and 3280 Bayshore Boulevard in Brisbane, California, (ii) the term “Project” means and refers, collectively, to the Property, and all landscaping, parking facilities, private drives and other improvements and appurtenances related thereto, including the Building and the other buildings located at 3240 and 3280 Bayshore Boulevard in Brisbane, California, and (iii) all portions of the Project that are for the non-exclusive use of tenants of the Project generally, including driveways, sidewalks, parking areas, landscaped areas, and certain applicable service corridors, stairways, elevators, public restrooms and public lobbies (but excluding the Building), are collectively referred to as “Common Area.”
6.Rentable Area; Pro Rata Share.  To clarify, and notwithstanding anything to the contrary in the Existing Lease, as of the Third Amendment Execution Date, (a) Tenant’s Pro Rata Share is deleted and replaced with “Tenant’s Pro Rata Share of Building” and means 74.92%, (b) the “Rentable Area of Project” means approximately 183,344 square feet of Rentable Area, (c) “Tenant’s Pro Rata Share of Project” means 25.11%, and (d) “Tenant’s Pro Rata Share” means either Tenant’s Pro Rata Share of Building or Tenant’s Pro Rata Share of Project, as applicable.  Effective as of the Additional Premises Term Commencement Date, (x) the Rentable Area of Premises shall mean approximately 61,444 square feet of Rentable Area, (y) Tenant’s Pro Rata Share of Building shall mean 100%, and (z) Tenant’s Pro Rata Share of Project shall mean 33.51%.  In addition to Basic Annual Rent, Tenant shall continue to pay to Landlord as Additional Rent Tenant’s Pro Rata Share of Building or Tenant’s Pro Rata Share of Project, as applicable, of Operating Expenses as provided in the Lease.  Each of the foregoing numbers and percentages have been agreed to by Landlord and Tenant and shall not be subject to adjustment.
7.Condition of Additional Premises and Additional Premises TI Allowance.
7.1Condition of Additional Premises.  Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty with respect to the condition of the Additional Premises or with respect to the suitability of the Additional Premises for the conduct of Tenant’s business.  Tenant acknowledges that (a) it is fully familiar with the condition of the Additional Premises and agrees to take the same in its condition “as is” as of the Additional Premises Term Commencement Date and (b) Landlord shall have no obligation to alter, repair or otherwise prepare the Additional Premises for Tenant’s occupancy or to pay for or construct any improvements to the Additional Premises, except for payment of the Additional Premises TI Allowance (as defined below), performance of Landlord’s Delivery Obligation (as defined below) and performance of any express repair and maintenance obligations of Landlord under the Lease.  Landlord shall deliver the Additional Premises to Tenant with the existing elevators, heating, ventilating, air conditioning, electrical, plumbing and fire and life-safety systems serving the Additional Premises (collectively, the “Building Systems”) in good working order, condition and repair (such obligation, “Landlord’s Delivery Obligation”).  Tenant’s taking 
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possession of the Additional Premises shall, except as otherwise agreed to in writing by Landlord and Tenant, conclusively establish that the Additional Premises was at such time in good, sanitary and satisfactory condition and repair and that Landlord’s Delivery Obligation was satisfied; provided that, if Landlord fails to satisfy Landlord’s Delivery Obligation (a “Delivery Shortfall”), then Tenant may, as its sole and exclusive remedy, deliver notice of such failure to Landlord detailing the nature of such failure (a “Shortfall Notice”); provided, further, that any Shortfall Notice must be received by Landlord no later than the date (the “Shortfall Notice Deadline”) that is sixty (60) days after the Additional Premises Term Commencement Date.  In the event that Landlord receives a Shortfall Notice on or before the Shortfall Notice Deadline, Landlord shall, at Landlord’s expense (without inclusion in Operating Expenses), promptly remedy the Delivery Shortfall.  Notwithstanding anything to the contrary in this Amendment, Landlord shall not have any obligations or liabilities in connection with (x) a failure to satisfy Landlord’s Delivery Obligation except to the extent such failure is identified by Tenant in a Shortfall Notice delivered to Landlord on or before the Shortfall Notice Deadline, or (y) any failure of the Building Systems to be in good working order, condition or repair due to any event, circumstance or other factor arising or occurring after the Additional Premises Term Commencement Date (including, without limitation, (i) any act or omission of Tenant, Tenant’s contractors or subcontractors, or any of their respective employees, agents or invitees, (ii) the construction of the Tenant Improvements (as defined below), or (iii) Tenant’s failure to properly repair or maintain the Additional Premises as required by the Lease), and no Delivery Shortfall shall be deemed to have occurred as a result thereof.
7.2Additional Premises TI Allowance.  Tenant shall cause the work (the “Tenant Improvements”) described in the Work Letter attached hereto as Exhibit A (the “Work Letter”) to be constructed in the Additional Premises pursuant to the Work Letter at a cost to Landlord not to exceed (a) Two Hundred Thirty-One Thousand One Hundred Fifty and 00/100 Dollars ($231,150.00) (based upon Fifteen and 00/100 Dollars ($15.00) per square foot of Rentable Area of the Additional Premises) (the “Additional Premises TI Allowance”).  The Additional Premises TI Allowance may be applied to the costs of (a) construction (including, standard laboratory improvements; finishes; building fixtures; demolition, removal and related repairs of any furniture, fixtures and equipment remaining in the Additional Premises as of the Third Amendment Execution Date (but only to the extent related to the construction of the new improvements forming part of the Tenant Improvements); installation costs for Tenant’s electrical, telephone and data cabling and wiring, and related connection charges, (b) project review by Landlord (which fee shall equal one and one-half percent (11⁄2%) of the cost of the Tenant Improvements, including the Additional Premises TI Allowance), (c) commissioning of mechanical, electrical and plumbing systems by a licensed, qualified commissioning agent hired by Tenant, and review of such party’s commissioning report by a licensed, qualified commissioning agent hired by Landlord, (d) space planning, architect, engineering and other related services performed by third parties unaffiliated with Tenant, (e) building permits and other taxes, fees, charges and levies by Governmental Authorities for permits or for inspections of the Tenant Improvements, (f) costs and expenses for labor and material, and (g) a project management fee for Tenant’s construction manager; provided that, no more than four percent (4%) of the Additional Premises TI Allowance shall be applied to such project management fee.  In no event shall the Additional Premises TI Allowance be used for (i) the cost of work that is not authorized by the Approved Plans (as defined in the Work Letter), (ii) payments to Tenant or any affiliates of Tenant, (iii) the purchase of any furniture, signage, personal property or other non-building system equipment, (iv) costs arising from any default of Tenant of its obligations under the Lease, (v) costs that are recoverable by Tenant from a third party (e.g. insurers, warrantors or tortfeasors), or (vi) as a credit against any Rent amounts payable under the Lease.
7.3Additional Premises TI Deadline.  Tenant shall have until June 30, 2023 (the “Additional Premises TI Deadline”), to submit Fund Requests (as defined in the Work Letter) to Landlord for disbursement of the unused portion of the Additional Premises TI 
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Allowance, after which date Landlord’s obligation to fund any such costs for which Tenant has not submitted a Fund Request to Landlord shall expire.
8.Repairs and Maintenance.
8.1Allocation of Repair and Maintenance Responsibilities.  From and after the Additional Premises Term Commencement Date, Sections 18.1 and 18.2 of the Original Lease shall be amended and restated in their entirety as follows:
“18.1.  Landlord shall repair and maintain the roof of the Building, the foundation of the Building, the exterior walls and other structural supports of the Building, the exterior windows of the Building, the elevators within the Building, and the Common Area of the Project.  Except for the items expressly enumerated in the immediately preceding grammatical sentence, Landlord shall not be required to maintain or make any repairs or replacements of any nature or description whatsoever to the Premises, Building or Project.  Any costs related to the repair or maintenance activities specified in this Section 18.1 shall be included as a part of Operating Expenses, unless such repairs or maintenance is required in whole or in part because of any negligent or wrongful act or omissions of Tenant, its agents, servants, employees or invitees, in which case Tenant shall pay to Landlord the cost of such repairs and maintenance.
18.2.  Except for services of Landlord, if any, required by Section 18.1, Tenant shall at Tenant’s sole cost and expense keep the Premises (i.e., the Existing Premises and the Additional Premises), and every part thereof in good condition and repair, including, without limitation, the fire sprinkler systems (if any), heating, ventilating, air conditioning, electrical systems and any other Premises Dedicated Systems (as defined below), damage thereto from ordinary wear and tear excepted.  Tenant shall, upon the expiration or sooner termination of the Term, surrender the Premises to Landlord in as good of a condition as when received, ordinary wear and tear excepted.  Landlord shall have no obligation to alter, remodel, improve, repair, decorate or paint the Premises or any part thereof.  All systems and equipment exclusively servicing the Premises, including (without limitation) any generator serving the Building, any HVAC units or other HVAC components serving the Building, any exhaust fans, vacuum pumps or air compressors (any such system, a “Premises Dedicated System”), shall be the sole responsibility of Tenant and Landlord shall have no obligations with respect thereto.  Tenant shall, at its sole cost and expense, maintain and keep any Premises Dedicated System in good condition and repair and shall otherwise be solely responsible for any repair, maintenance and/or replacement costs with respect to any such Premises Dedicated System.  Tenant shall keep in full force and effect during the Term (and occupancy by Tenant, if any, after termination of this Lease) a preventative maintenance contract for quarterly, semi-annual, and annual inspections and maintenance for each Premises Dedicated System (in each case using a qualified, licensed, bonded service provider reasonably approved by Landlord).  If requested in writing by Landlord, Tenant shall provide to Landlord copies of any Premises Dedicated System maintenance contracts and any Premises Dedicated System maintenance reports on a quarterly basis.  In the event Landlord determines that Tenant is not properly maintaining a Premises Dedicated System, Landlord may take over Tenant’s responsibilities with respect to such Premises Dedicated System.  Any costs or expenses incurred or payments made by Landlord as a result of Tenant failing to properly maintain a Premises Dedicated System, shall be deemed to be Additional Rent payable by Tenant within thirty (30) days of receiving an invoice therefor.  Notwithstanding anything to the contrary in this Lease, Landlord shall have no liability, and Tenant shall have no right or remedy, on account of any interruption or impairment with respect to any Premises Dedicated System.”
9.Parking.  From and after the Additional Premises Term Commencement Date, Tenant shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at no 
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additional cost to Tenant, at a ratio of 3.3 parking spaces per 1,000 square feet of Rentable Area of the entire Premises (i.e., the Existing Premises and the Additional Premises), which amounts to a total of two hundred three (203) parking spaces in the aggregate, inclusive of a total of eleven (11) Reserved Spaces in the aggregate for Tenant’s exclusive use on the side of the Building that faces Guadalupe Canyon Parkway.  Tenant’s use of the Reserved Spaces shall be subject to the other rights, terms and conditions set forth in Section 15.2 of the Original Lease, including the right to install signage marking the Reserved Spaces subject to the terms and conditions therein.
10.Security Deposit.  Effective as of the Third Amendment Execution Date, the amount of the required Security Deposit under the Lease is hereby increased to Two Hundred Thousand and 0/100 Dollars ($200,000).
11.Option to Extend Term.  The Option set forth in Article 4 of the Second Amendment remains in full force and effect; provided that, for avoidance of doubt, the Option shall solely apply to the entire Premises (i.e., the Existing Premises and the Additional Premises) and may not be exercised by Tenant as to less than all of the entire Premises.
12.Right of First Refusal.  Article 8 of the Second Amendment is hereby deemed null and void and of no further force or effect.
13.Certified Access Specialist Inspection.  Neither the Existing Premises nor the Additional Premises has undergone inspection by a Certified Access Specialist (“CASp,” as defined in California Civil Code Section 55.52).  Even if not required by California law, the Premises may be inspected by a CASp to determine whether the Premises comply with the ADA, and Landlord may not prohibit a CASp performing such an inspection.  If Tenant requests that such an inspection take place, Landlord and Tenant shall agree on the time and manner of the inspection, as well as which party will pay the cost of the inspection and the cost to remedy any defects identified by the CASp.  A Certified Access Specialist can inspect the Premises and determine whether the Premises comply with all of the applicable construction-related accessibility standards under State law.  Although State law does not require a Certified Access Specialist inspection of the Premises, Landlord may not prohibit Tenant from obtaining a Certified Access Specialist inspection of the Premises for the occupancy or potential occupancy of Tenant, if requested by Tenant.  Landlord and Tenant shall agree on the arrangements for the time and manner of the Certified Access Specialist inspection, the payment of the fee for the Certified Access Specialist inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the Premises.
14.Broker.  Tenant represents and warrants that it has not dealt with any broker or agent in the negotiation for or the obtaining of this Amendment, other than Cushman & Wakefield (“Broker”), and agrees to reimburse, indemnify, save, defend (at Landlord’s option and with counsel reasonably acceptable to Landlord, at Tenant’s sole cost and expense) and hold harmless Landlord and its affiliates, employees, agents and contractors for, from and against any and all cost or liability for compensation claimed by any such broker or agent, other than Broker, employed or engaged by it or claiming to have been employed or engaged by it.  Broker is entitled to a leasing commission in connection with the making of this Amendment, and Landlord shall pay such commission to Broker pursuant to a separate agreement between Landlord and Broker.
15.No Default.  Landlord and Tenant each represent, warrant and covenant to the other that, to such party’s actual knowledge, Landlord and Tenant are not in default of any of their respective obligations under the Existing Lease and no event has occurred that, with the passage of time or the giving of notice (or both) would constitute a default by either Landlord or Tenant thereunder.
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16.Effect of Amendment.  Except as modified by this Amendment, the Existing Lease and all the covenants, agreements, terms, provisions and conditions thereof shall remain in full force and effect and are hereby ratified and affirmed.  In the event of any conflict between the terms contained in this Amendment and the Existing Lease, the terms herein contained shall supersede and control the obligations and liabilities of the parties.
17.Successors and Assigns.  Each of the covenants, conditions and agreements contained in this Amendment shall inure to the benefit of and shall apply to and be binding upon the parties hereto and their respective heirs, legatees, devisees, executors, administrators and permitted successors and assigns and sublessees.  Nothing in this section shall in any way alter the provisions of the Lease restricting assignment or subletting.
18.Miscellaneous.  This Amendment becomes effective only upon execution and delivery hereof by Landlord and Tenant.  The captions of the sections and subsections in this Amendment are inserted and included solely for convenience and shall not be considered or given any effect in construing the provisions hereof.  All exhibits hereto are incorporated herein by reference.  Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or option for a lease, and shall not be effective as a lease, lease amendment or otherwise until execution by and delivery to both Landlord and Tenant.
19.Authority.  Tenant guarantees, warrants and represents that the individual or individuals signing this Amendment have the power, authority and legal capacity to sign this Amendment on behalf of and to bind all entities, corporations, partnerships, limited liability companies, joint venturers or other organizations and entities on whose behalf such individual or individuals have signed.
20.Counterparts; Facsimile, Electronic and PDF Signatures.  This Amendment may be executed in one or more counterparts, including counterparts executed and/or delivered by the use of electronic signatures, each of which, when taken together, shall constitute one and the same document.  A facsimile, electronic signature, or portable document format (PDF) signature on this Amendment shall be equivalent to, and have the same force and effect as, an original signature.
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the Third Amendment Execution Date.
LANDLORD:
BMR-BAYSHORE BOULEVARD LP,
a Delaware limited partnership

By:    /s/ Kevin Simonsen                                
Name:    Kevin Simonsen    
Title:    EVP, General Counsel & Secretary    

TENANT:
CAREDX, INC.,
a Delaware corporation

By:    /s/ Abhishek Jain     
Name:    Abhishek Jain    
Title:    VP, Corporate ControllerExhibit
10.1

 

SECURITIES PURCHASE
AGREEMENT

 

This SECURITIES PURCHASE
AGREEMENT (the “Agreement”), dated as of November 3, 2022, is by and among Digital Health Acquisition Corp, a Delaware
corporation (the “Company”), and A.G.P./Alliance Global Partners ( “A.G.P.”).

 

RECITALS

 

A.              
The Company and A.G.P. are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of Regulation
D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the 1933 Act.

 

B.               
The Company has authorized a new series of convertible preferred stock of the Company designated as Series B Convertible Preferred
Stock, par value $0.0001 per share, the terms of which are set forth in the certificate of designation for such series of Preferred Stock
(the “Certificate of Designations”) in the form attached hereto as Exhibit A (together with any convertible
preferred shares issued in replacement thereof in accordance with the terms thereof, the “Series B Preferred Stock”),
which Series B Preferred Stock shall be convertible into shares of Common Stock (such shares of Common Stock issuable pursuant to the
terms of the Certificate of Designations, collectively, the “Conversion Shares”), in accordance with the terms of the
Certificate of Designations.

 

C.               On
November 5, 2021, the Company and A.G.P. executed an underwriting agreement in connection with the Company’s initial public offering
(the “Underwriting Agreement”) whereby the Company agreed to pay to A.G.P. an aggregate of $4,370,000 for deferred
underwriting commissions (the “Deferred Amount”), such amount payable to A.G.P. on completion of an initial business
combination as described in this prospectus for the Company’s initial public offering (the “Business Combination”). 

 

D.              
Upon the closing of the Business Combination, A.G.P. wishes to convert the entire Deferred Amount into shares of Series B Preferred
Stock (the “Shares”), and the Company wishes to sell A.G.P. such Shares at said closing, upon the terms and conditions
stated in this Agreement

 

E.               
The Shares and the Conversion Shares are collectively referred to herein as the “Securities.”

 

NOW THEREFORE, THE PARTIES
AGREE AS FOLLOWS:

 

1.0             
Basic Terms of Purchase and Sale.

 

1.1             
Purchase and Sale of Series B Preferred Stock.

 

(a)              
Subject to the terms and conditions of this Agreement, on the closing of the Business Combination, A.G.P. agrees to purchase from
the Company, and the Company agrees to sell and issue to each of A.G.P., 4,370 Shares at $1,000 per Share. To facilitate the issuance
of shares in accordance with the provisions of this Agreement, the Company may round the number of Shares allocated to A.G.P. up to the
nearest whole number. The Company acknowledges that the Deferred Amount shall be the only amounts that will be payable in full satisfaction
of the purchase price for the Shares.

 

(b)              
As soon as practicable after the date of issuance of the Shares, the Company shall deliver to A.G.P. a certificate representing
4,370 Shares against delivery to the Company by A.G.P. of evidence of the cancellation of all amounts owing under the Underwriting Agreement.

 

     

     

    

 

2.0             
Representations and Warranties.

 

2.1             
Representations and Warranties of the Company. The Company hereby represents and warrants to A.G.P. as follows:

 

(a)              
Incorporation. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
State of Delaware and has all requisite corporate power and authority to carry on its business as now conducted and as proposed to be
conducted.

 

(b)              Authorization.
All corporate action on the part of the Company, its officers, directors and shareholders necessary for the authorization, execution,
delivery and performance of this Agreement and the consummation of the transactions contemplated herein and therein, and for the authorization,
issuance and delivery of the Shares, has been or shall be taken prior to the Closing, and this Agreement, when executed and delivered,
shall constitute the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with their respective
terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other laws of general application relating
to or affecting the enforcement of creditors’ rights. The Company has all requisite legal and corporate power to enter into this
Agreement, to sell the Shares hereunder, and to carry out and perform its obligations hereunder.

 

(c)              
Valid Issuance of the Shares. The Shares to be purchased by A.G.P. hereunder (and the common stock issuable upon conversion
of the Shares) will, upon issuance pursuant to the terms hereof (or upon conversion of the Shares), be duly and validly issued, fully
paid and nonassessable and will be free from any liens or encumbrances created by the Company (except as provided in this Agreement with
respect to federal and applicable state securities laws). Based in part upon the representations of A.G.P. in Section 3 of this Agreement,
the Shares (and the common stock issuable upon conversion of the Shares), when issued and delivered pursuant to this Agreement, will be
issued in compliance with federal and all applicable state securities laws. Subject in part to the truth and accuracy of A.G.P.’s
representations set forth in Section 3 of this Agreement, the offer, sale and issuance of the Shares as contemplated by this Agreement
are exempt from the registration requirements of the Securities Act of 1933, as amended, and neither the Company nor any authorized agent
acting on its behalf has taken or will take any action hereafter that would cause the loss of such exemption.

 

     

     

    

 

3.0             
Representations and Warranties of A.G.P.

 

A.G.P. hereby represents and
warrants to the Company as follows:

 

3.1             
Authorization. When executed and delivered by A.G.P., this Agreement will constitute the valid and legally binding obligation
of A.G.P., enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium,
or other laws of general application relating to or affecting the enforcement of creditors’ rights.

 

3.2             
Purchase Entirely for Own Account. A.G.P. is acquiring the Shares hereunder for its own account for investment purposes
only and not with a view to, or for resale in connection with, any “distribution” of all or any portion thereof within the
meaning of the 1933 Act.

 

3.3             
Disclosure of Information. A.G.P. believes that it has received all the information it considers necessary or appropriate
for deciding whether to purchase Shares hereunder. A.G.P. further represents that it has had an opportunity to ask questions and receive
answers from the Company regarding its business and prospects.

 

3.4             
Experience. A.G.P. is experienced in evaluating and investing in companies such as the Company. A.G.P. understands that
the investment to be made in connection with the acquisition of Shares hereunder is speculative and involves significant risk. A.G.P.
has no need for liquidity in this investment, has the ability to bear the economic risk of this investment, and can afford a complete
loss of the purchase price. A.G.P. is an “accredited A.G.P.” as that term is defined within Regulation D promulgated
under the 1933 Act.

 

3.5             
Restricted Securities. A.G.P. understands that the Shares being purchased hereunder (and the common stock issuable upon
conversion thereof) are characterized as “restricted securities” under the federal securities laws inasmuch as they are being
acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such securities
may be resold without registration under the 1933 Act only in certain limited circumstances. In this connection, A.G.P. represents that
it is familiar with Rule 144 promulgated by the SEC, as presently in effect, and understands the resale limitations imposed thereby
and by the 1933 Act.

 

3.6             
Further Limitations on Disposition. A.G.P. irrevocably agrees with the Company that until that date which is 12 months form
the date of issuance of the Shares (such period, the “Restriction Period”), A.G.P. will not offer, sell, contract to
sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected
to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by
A.G.P.), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position
within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, with respect to the Shares or any shares of common
stock of the Company issuable upon conversion of the Shares. In order to enforce this covenant, the Company shall impose irrevocable stop-transfer
instructions preventing the transfer agent of the Company from effecting any actions in violation of this Agreement. Without in any way
limiting the representations set forth above, A.G.P. further agrees not to make any disposition of all or any portion of the Shares being
purchased hereunder (or of the common stock issuable upon conversion of the Shares) except in compliance with applicable state securities
laws and unless:

 

     

     

    

 

(a)              
there is then in effect a registration statement under the 1933 Act covering such proposed disposition and such disposition is
made in accordance with such registration statement;

 

(b)              
such disposition involves: (i) a transfer not involving a change in beneficial ownership; (ii) a transfer in compliance
with Rule 144, so long as the Company is furnished with satisfactory evidence of compliance with such Rule; (iii) transfers
by any holder who is an individual to a trust for the benefit of such holder or his family; or (iv) transfers by gift, will or intestate
succession to the spouse, lineal descendants or ancestors of any holder or spouse of a holder; or

 

(c)             
A.G.P. shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement
of the circumstances surrounding the proposed disposition, and, if requested by the Company, A.G.P. shall have furnished the Company with
an opinion of counsel, which opinion and counsel shall be reasonably satisfactory to the Company, that such disposition will not require
registration under the 1933 Act and will be in compliance with applicable state securities laws.

 

3.7              Legends. A.G.P.
understands that the Securities have been issued (or will be issued in the case of the Conversion Shares) pursuant to an exemption from
registration or qualification under the 1933 Act and applicable state securities laws, and except as set forth below, the Securities shall
bear any legend as required by the “blue sky” laws of any state and a restrictive legend in substantially the following form
(and a stop-transfer order may be placed against transfer of such stock certificates):

 

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED
(I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B)
AN 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 OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.

 

3.8              Satisfaction
of amounts under Underwriting Agreement. Upon execution of this Agreement, A.G.P. acknowledges and agrees that all amounts due and
owing by the Company further to the Underwriting Agreement are satisfied in full.

 

4.0             
Miscellaneous Provisions.

 

4.1             
Further Assurances. Each party agrees to cooperate fully with the other parties and to execute such further instruments,
documents and agreements and to give such further written assurances, as may be reasonably requested by any other party to better evidence
and reflect the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Agreement.
Notwithstanding the foregoing, the parties agree that in the event that FINRA determines that any of the terms provided for hereunder
shall not comply with a FINRA rule, including but not limited to FINRA Rule 5110, then the parties shall agree to amend this Agreement
to comply with any such rules.

 

     

     

    

 

4.2             
Notices. All notices, consents or demands of any kind which any party to this Agreement may be required or may desire to
serve on any other party hereto in connection with this Agreement shall be in writing and shall be delivered by personal service or overnight
courier, by telex or facsimile transfer, or by registered or certified mail, return receipt requested, deposited in the United States
mail with postage thereon fully prepaid, addressed: (a) if to the Company, at its address set forth on the signature page hereof;
or (b) if to A.G.P., at A.G.P.’s address as set forth on the signature page below. Service of any such notice or demand so
made by mail shall be deemed complete on the date of actual delivery as shown by the addressee’s registry or certification receipt
or at the expiration of the fourth (4th) business day after the date of mailing, whichever is earlier in time. Any party hereto
may from time to time by notice in writing served upon the others as aforesaid, designate a different mailing address or a different person
to which such notices or demands are thereafter to be addressed or delivered.

 

4.3             
Severability. The provisions of this Agreement are severable. The invalidity, in whole or in part, of any provision of this
Agreement shall not affect the validity or enforceability of any other of its provisions. If one or more provisions hereof shall be so
declared invalid or unenforceable, the remaining provisions shall remain in full force and effect and shall be construed in the broadest
possible manner to effectuate the purposes hereof. The parties further agree to replace such void or unenforceable provisions of this
Agreement with valid and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes
of the void or unenforceable provisions.

 

4.4             
Counterparts. This Agreement may be executed in separate counterparts or by facsimile, each of which shall be deemed an
original, and when executed, separately or together, shall constitute a single original instrument, effective in the same manner as if
the parties hereto had executed one and the same instrument.

 

4.5             
Waiver. No waiver shall be effective unless in a writing signed by the person charged with making such waiver. Any waiver
of any term, provision or condition of this Agreement, whether by conduct or otherwise, in any one or more instances, shall not be deemed
to be, or be construed as, a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision
or condition of this Agreement, unless it so provides by its terms.

 

4.6             
Entire Agreement. This Agreement (together with its Exhibits and the other documents referred to herein, and except
as otherwise disclosed in such Exhibits and documents) is intended by the parties hereto to be the final expression of their agreement
and constitutes and embodies their entire agreement and understanding with regard to its subject matter and is a complete and exclusive
statement of the terms and conditions thereof, and shall supersede, merge and void any and all prior correspondence, conversations, negotiations,
agreements or understandings relating to such subject matter.

 

     

     

    

 

4.7             
Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
regard to its conflict of laws rules or provisions.

 

4.8             
Binding on Successors and Assigns. This Agreement and all of its terms, conditions and covenants are intended to be fully
effective and binding, to the extent permitted by law, on the executors, administrators, successors and permitted assigns of the parties
hereto.

 

4.9             
Survival. The respective representations and warranties given by the Company and A.G.P., as contained herein and in any
certificates to be delivered at any Closing, shall survive such Closing Date without regard to any investigation made by any party. All
statements as to factual matters contained in any certificates, exhibits or other instruments delivered by or on behalf of any party pursuant
to the terms hereto or in connection with the transactions contemplated hereby shall be deemed, for all purposes, to constitute representations
and warranties by such party under the terms of this Agreement given as of the date of such certificate or instrument.

 

4.10          
Finder’s Fees. Each party represents that it is not and will not be obligated for any finder’s fee or commission
in connection with this transaction. A.G.P. hereby agrees to indemnify and to hold harmless the Company from any liability for any commission
or compensation in the nature of a finder’s fee (and the costs and expenses of defending against such liability or asserted liability)
for which such A.G.P. or any of its agents or representatives is responsible.

 

4.11          
Amendment. This Agreement shall be amended only upon the written consent of the Company and A.G.P. (or their permitted assignees
to whom A.G.P. has expressly assigned their rights under this Agreement). Any party hereto may, as to itself, by a writing signed by an
authorized representative of such party: (a) extend the time for the performance of any of the obligations of another party; (b) waive
any inaccuracies in representations and warranties made by another party contained in this Agreement or in any documents delivered pursuant
hereto; (c) waive compliance by another party with any of the covenants contained in this Agreement or the performance of any obligations
of such other party; or (d) waive the fulfillment of any condition that is precedent to the performance by such party of any of its
obligations under this Agreement.

 

4.12          
Confidentiality. A.G.P. shall hold in confidence and not disclose to any third party any nonpublic information concerning
the Company obtained either in the course of the negotiation and delivery of this Agreement and the agreements referred to herein or after
the date hereof; provided, however, that A.G.P. may make disclosure thereof to their respective professional advisors, as
is required by any governmental authority or representative thereof, or pursuant to legal process or in exercising their remedies hereunder,
and shall require, to the extent permitted by applicable law, any such third party to whom disclosure is made to agree to comply with
this Section 4.12.

 

4.13          
Expenses. Each of the Company and A.G.P. shall bear their own expenses incurred with respect to this Agreement and the transactions
contemplated hereby.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have executed this Agreement with the intent and agreement that the same shall be effective as of the day and year first above
written.

 

	 	Digital Health Acquisition Corp. 
	 	 
	 	By:	/s/ Daniel Sullivan
	 	Name: Daniel Sullivan
	 	Title: Chief Financial Officer
	 	 
	 	A.G.P./Alliance Global Partners 
	 	 
	 	By: 	/s/ Thomas J. Higgins
	 	Name: Thomas J. Higgins
	 	Title: Managing Director

 

     

     

    

 

EXHIBIT A

 

CERTIFICATE OF DESIGNATIONS

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