Document:

ex10302021_1020xuptonxco

Exhibit 10.30 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.06 Headings. All section headings in this Agreement arc for convenience of reference  only and are not intended to qualify the meaning of any section.  11.07 Terminology. All personal pronouns used in this Agreement, whether used in the  masculine, feminine or neuter gender, shall include all other genders, and the singular shall include the  plural and vice versa, as the context may require.  11.08 Counterparts. This Agreement may be executed in several counterparts, and all so  executed shall constitute one agreement, binding on all of the J\'1embers, notwithstanding that all the  Members are not signatory to the original or the same counterpart.  11.09 Facsimiles. Facsimile signatures and copies of this Agreement shall be deemed to be  originals and shall serve to bind the Members and othenvise have the same force and effect as would  nonfacsimile signatures and documents.  11.10 Entire Agreement. This Agreement contains the entire understanding among the  Members and supersedes all prior written or oral agreements among them respecting the within  subject matter, unless otherwise provided herein. There are no representations, agreements,  arrangements or understandings, oral or written, among the Members hereto relating to the subject  matter of this Agreement, which are not fully expressed herein.  [s;(gnatttre page follows]  14Exhibit 4.1

 

DESCRIPTION OF SECURITIES REGISTERED PURSUANT
TO SECTION 12 OF THE EXCHANGE ACT

 

Authorized Capital Stock

 

The Company is authorized to issue 990,000,000
shares of common stock, par value $0.001, and 10,000,000 shares of Series A Preferred Stock, par value $0.001 per share.

 

Voting Rights

 

Each share of common stock entitles the holder
thereof to one non-cumulative vote for each share held of record on all matters submitted to a vote of the stockholders.

 

Each share of Series A Preferred Stock is entitled
to one vote for each share of common stock into which such Series A Preferred Stock could then be converted, on an as-converted basis.
Each share of Series A Preferred Stock is convertible, at the option of the holder thereof, at any time after the date of issuance of
such share into such number of fully paid and nonassessable shares of common stock as is determined by dividing the Original Issue Price
of the Series A Preferred Stock by the Series A Conversion Price applicable to such share in effect on the date the certificate is surrendered
for conversion. The initial Series A Conversion Price shall be $0.00001 per share and the Original Issue Price shall be $0.001 per share
for the Series A Preferred Stock. All shares of Series A Preferred Stock have no preemptive or subscription rights, and no redemption,
sinking fund, or conversion provisions.

 

Holder(s) of 33 1/3 percent of the outstanding
shares of the Company’s common voting stock, present in person or represented by proxy, shall constitute a quorum for transaction
of business at any meeting of the stockholders. If a quorum exists, action on a matter, other than the election of directors and unless
a different vote is required by express provisions of Nevada law, is approved if the votes cast favoring the action exceed the votes
cast opposing the action.

 

Directors are elected by a plurality of the votes
cast by the shares entitled to vote in the election at a meeting at which a quorum is present.

 

Dividends

 

The holders of shares of common stock of the
Company are entitled to dividends out of funds legally available when and as declared by our board of directors. Our board of directors
has never declared a dividend or otherwise authorized any cash or other distribution with respect to the shares of our common stock and
does not anticipate declaring a dividend in the foreseeable future.

 

Liquidation

 

In the event of the Company’s liquidation,
dissolution or winding up, holders of common stock are entitled to receive, ratably, the net assets available to stockholders after payment
of all creditors.

 

Other Rights and Preferences

 

Our common stock has no preemptive or subscription
rights, and no redemption, sinking fund, or conversion provisions.

 

Fully Paid and Nonassessable

 

All of the issued and
outstanding shares of our common stock are duly authorized, validly issued, fully paid and non-assessable. To the extent that additional
shares of our common stock are issued, the relative interests of existing stockholders will be diluted.

 

Transfer Agent

 

The transfer agent and registrar for our common
stock is Empire Stock Transfer Inc., 1859 Whitney Mesa Dr., Henderson, NV 89014.

 

Other Securities

 

As of the date of this filing, we do not have
any debt securities, warrants or options outstanding.Exhibit 10.5

 

TWELFTH AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS TWELFTH AMENDMENT
TO EXECUTIVE EMPLOYMENT AGREEMENT (the “Twelfth Amendment”) is made and entered into this 31st day of January, 2022 by
and between ANDREA ELECTRONICS CORPORATION (the “Company”), a New York corporation, and DOUGLAS J. ANDREA (the
“Executive”).

 

WHEREAS, the Company
and the Executive are parties to an Executive Employment Agreement dated as of August 1, 2014, as amended (collectively with all amendments,
the “Agreement”), which provides that the Agreement would terminate on January 31, 2022, unless extended under its terms;

 

WHEREAS, the Company
desires to continue to employ the Executive as the Chief Executive Officer of the Company and the Executive wishes to accept such continued
employment under the terms and conditions set forth in the Agreement, as further modified by this Twelfth Amendment; and

 

WHEREAS, the parties
desire to extend the term of the Agreement until July 31, 2022, subject to the terms of this Twelfth Amendment. The parties further agree
to limit the life insurance as cited in paragraph 4.(d) to One Million dollars ($1,000,000).

 

WHEREAS, the parties
agree to modify the Agreement paragraph 4.(b) (1) Quarterly Bonus and (2) Annual Bonus to reflect an adjustment to remove
the gain from the funds received from the U.S. Federal ‘Paycheck Protection Program’, including round one and round two, and
funds or credits under the ‘Employee Retention Credit’ program, if and when received or forgiven and recognized as income
in the financial statements.

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which
is mutually acknowledged, the Company and the Executive (individually a “Party” and together the “Parties”) agree
as follows:

 

1. Amendment. 

The term of the Agreement
is hereby extended for the period beginning on February 1, 2022 and ending on July 31, 2022.

 

2. Ratification.

Except as modified and amended
by this Twelfth Amendment, the Parties hereto hereby agree and confirm that the Agreement remains in full force and effect.

 

3. Counterparts. 

This Twelfth Amendment may
be executed in counterparts, each of which shall be deemed an original, and all of which, when taken together, shall constitute one and
the same instrument.

 

IN WITNESS WHEREOF, the undersigned
have executed this Twelfth Amendment as of January 31, 2022

 

	 	ANDREA ELECTRONICS CORPORATION	 
	 	 	 	 
	 	By:    /s/ Louis Libin                                             	 
	 	 	Louis Libin	 
	 	 	Director	 
	 	 	 	 
	 	By:    /s/ Joseph J. Migliozzi                                       	 
	 	 	Joseph J. Migliozzi	 
	 	 	Director	 
	 	 	 	 
	 	By:    /s/ Jonathan D. Spaet                                      	 
	 	 	Jonathan D. Spaet	 
	 	 	Director	 
	 	 	 	 
	 	EXECUTIVE	 
	 	 	 	 
	 	/s/ Douglas J. Andrea                                              	 
	 	Douglas J. AndreaExhibit 10.9

 

SECOND AMENDMENT TO REVENUE SHARING

AND NOTE PURCHASE AGREEMENT AND OMNIBUS AMENDMENT TO DOCUMENTS

 

SECOND AMENDMENT TO REVENUE
SHARING AND NOTE PURCHASE AGREEMENT AND OMNIBUS AMENDMENT TO DOCUMENTS (this “Amendment”) dated as of January __, 2022,
among ANDREA ELECTRONICS COMPANY, a New York corporation (the “Company”), AND34 Funding LLC as collateral agent (in
such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”) and each of the purchasers
and each other Person holding Notes (collectively, the “Purchasers” and each, a “Purchaser”) issued
in connection with that certain Revenue Sharing and Note Purchase Agreement dated as of February 14, 2014 (the “Original Agreement
Date”) as amended and restated by (i) the First Amendment and Restatement dated December 24, 2014 (the “Amended and Restated
Revenue Sharing and Note Purchase Agreement”), (ii) that certain Rider to the Amended and Restated Revenue Sharing and Note Purchase
Agreement, originally dated as of August 10, 2016 (the “Rider”), (a) that certain First Amendment to the Rider to Amended
and Restated Revenue Sharing and Note Purchase Agreement dated October 24, 2017, (b) that certain Amendment to the Rider to the Amended
and Restated Revenue Sharing and Note Purchase Agreement dated May 10, 2019, (c) that certain Third Amendment to the Rider to the Amended
and Restated Revenue Sharing and Note Purchase Agreement dated September 21, 2021, and (d) as the same may be further amended, supplemented
or otherwise modified and in effect from time to time prior to the date of this Amendment, the “Existing Agreement”
as further amended by this Amendment, the “Amended Agreement”.

 

WHEREAS, the since the Original
Agreement Date, notwithstanding the Existing Agreement providing for twelve (12) month BBA LIBOR, the parties have recorded, paid, accrued
and documented the accrual of interest based on three (3) month ICE LIBOR and the parties have agreed to update the LIBOR provisions to
provide for the orderly replacement of LIBOR in the Documents and to memorialize their historical and proposed future course of dealing
regarding the use of three (3) month LIBOR in lieu of twelve (12) month BBA LIBOR.

 

WHEREAS, the Purchasers are
willing to so amend the Existing Agreement and the other Documents on the terms and subject to the conditions set forth herein.

 

NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby
agree as follows:

 

Section 1. Definitions.
Except as otherwise defined in this Existing Agreement, terms defined in the Amended Agreement are used herein as defined therein.

 

Section 2. Amendments
to the Existing Agreement. The Existing Agreement shall be amended as follows:

 

2.1 Section
2.2.2 of the Existing Agreement and Section C.2 of the Rider part of the Existing Agreement are hereby amended and restated in their entirety
as follows:

 

2.2.2 Interest
on the Notes. Subject to Section 2.7, the unpaid principal amount of the Notes (including any PIK Interest) shall bear interest
at a rate equal to LIBOR plus 2% per annum; provided that upon and during the continuance of an Event of Default under Section 7.1.1,
the interest rate shall increase by an additional 2% per annum. Interest on the Notes shall be paid on the last Business Day of each calendar
quarter (the “Interest Payment Date”), starting with the calendar quarter ending March 31, 2014. Such interest may
be paid in cash at the option of the Company (and shall be paid in cash to the extent of any unapplied Monetization Revenues) and otherwise
shall be paid by increasing the principal amount of the Notes by the amount of such interest, effective as of the applicable Interest
Payment Date (“PIK Interest”).

 

     

     

    

 

C.2. Interest
on Additional Notes. Subject to Section 2.7, the unpaid principal amount of the Additional Notes (including any PIK Interest)
shall bear interest at a rate equal to LIBOR plus 2% per annum; provided that upon and during the continuance of an Event
of Default under Section 7.1.1, the interest rate shall increase by an additional 2% per annum. Interest on the Additional
Notes shall be paid on the last Business Day of each calendar quarter (the “Interest Payment Date”), starting with
the calendar quarter ending following the issuance thereof. Such interest may be paid in cash at the option of the Company (and shall be
paid in cash to the extent of any unapplied Monetization Revenues) and otherwise shall be paid by increasing the principal amount of the
Additional Notes by the amount of such interest, effective as of the applicable Interest Payment Date (“PIK Interest”).

 

2.2 The
below shall be added to the Existing Agreement as a new Section 2.7:

 

2.7 Changed
Circumstances.

 

2.7.1 Replacing
USD LIBOR. On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of USD LIBOR’s
administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot
Next, 1-month, 3-month, 6-month and 12-month USD LIBOR tenor settings. On the earlier of (i) the date that all Available Tenors of USD
LIBOR have either permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement
or publication of information to be no longer representative and (ii) the Early Opt-in Effective Date, if the then-current Benchmark is
USD LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Document in respect of any setting
of such Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to
this Agreement or any other Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly
basis.

 

2.7.2 Replacing
Future Benchmarks. Upon the occurrence of a Benchmark Transition Event, the Benchmark Replacement will replace the then-current Benchmark
for all purposes hereunder and under any Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business
Day after the date notice of such Benchmark Replacement is provided to the Purchasers without any amendment to, or further action or consent
of any other party to, this Agreement or any other Document so long as the Collateral Agent has not received, by such time, written notice
of objection to such Benchmark Replacement from the Majority Purchasers.

 

2.7.3 Benchmark
Replacement Conforming Changes. In connection with the implementation and administration of a Benchmark Replacement, the Collateral
Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary
herein or in any other Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without
any further action or consent of any other party to this Agreement.

 

2.7.4 Notices;
Standards for Decisions and Determinations. The Collateral Agent will promptly notify the Company and the Purchasers of (i) the implementation
of any Benchmark Replacement and (ii) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or
election that may be made by the Collateral Agent or, if applicable, any Note Purchaser (or group of Note Purchaser) pursuant to this
Section 2.7.4, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of
an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest
error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly
required pursuant to this Section 2.7.4.

 

2.7.5 Unavailability
of Tenor of Benchmark. At any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current
Benchmark is a term rate (including Term SOFR or USD LIBOR), then the Collateral Agent may remove any tenor of such Benchmark that is
unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (ii) the Collateral Agent may reinstate
any such previously removed tenor for Benchmark (including Benchmark Replacement) settings.

 

    - 2 -

     

    

 

2.3 The
below shall be added to the Existing Agreement as a new Section 2.8:

 

2.8  Interest
Rate Administration. The Collateral Agent does not warrant or accept any responsibility for, and shall not have any liability with
respect to, (i) the administration of, submission of, calculation of or any other matter related to the London interbank offered rate
or other rates in the definition of “LIBOR” or with respect to any alternative, comparable or successor rate thereto, or replacement
rate thereof (including any then-current Benchmark or any Benchmark Replacement), including whether the composition or characteristics
of any such alternative, successor or replacement reference rate (including any Benchmark Replacement), as it may or may not be adjusted
pursuant to Section 2.7, will be similar to, or produce the same value or economic equivalence of, LIBOR or any other Benchmark,
or have the same volume or liquidity as did the London interbank offered rate or any other Benchmark prior to its discontinuance or unavailability,
or (ii) the effect, implementation or composition of any Benchmark Replacement Conforming Changes. The Collateral Agent and its affiliates
or other related entities may engage in transactions that affect the calculation of the Benchmark, any alternative, successor or replacement
rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Company. The
Collateral Agent may select information sources or services in its reasonable discretion to ascertain the Benchmark, in each case pursuant
to the terms of this Agreement, and shall have no liability to the Company, any Note Purchaser or any other person or entity for damages
of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether
in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof)
provided by any such information source or service.

 

2.4 The
following terms are hereby added to Appendix I to the Existing Agreement in the appropriate alphabetical order as new defined terms:

 

“Available
Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any payment period
for interest calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date.

 

“Benchmark”
means initially, USD LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 2.7, then “Benchmark”
means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference
to “Benchmark” shall include, as applicable, the published component used in the calculation thereof.

 

“Benchmark Replacement”
means, for any Available Tenor:

 

(1) For purposes of
clause (1) of this definition, the first alternative set forth below that can be determined by the Collateral Agent:

 

(a) the sum of: (i)
Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points)
for an Available Tenor of three-months’ duration, and 0.42826% (42.826 basis points) for an Available Tenor of six-months’
duration, or

 

(b) the sum of: (i)
Daily Simple SOFR and (ii) the spread adjustment selected or recommended by the Relevant Governmental Body for the replacement of the
tenor of USD LIBOR with a SOFR-based rate having approximately the same length as the interest payment period specified in clause (a)
of this definition; and

 

(2) For purposes of
clause (2) of this definition, the sum of (a) the alternate benchmark rate and (b) an adjustment (which may be a positive or negative
value or zero), in each case, that has been selected by the Collateral Agent and the Company as the replacement for such Available Tenor
of such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations
made by the Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such time;

 

provided that, if the
Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than the Floor, the Benchmark Replacement will be
deemed to be the Floor for the purposes of this Agreement and the other Documents.

 

    - 3 -

     

    

 

“Benchmark
Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of “Business Day,” timing and frequency of determining rates and making payments
of interest, timing of borrowing requests or prepayment, the applicability and length of lookback periods, the applicability of breakage
provisions, and other technical, administrative or operational matters) that the Collateral Agent decides may be appropriate to reflect
the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Collateral Agent in a manner
substantially consistent with market practice (or, if the Collateral Agent decides that adoption of any portion of such market practice
is not administratively feasible or if the Collateral Agent determines that no market practice for the administration of such Benchmark
Replacement exists, in such other manner of administration as the Collateral Agent decides is reasonably necessary in connection with
the administration of this Agreement and the other Documents).

 

“Benchmark
Transition Event” means, with respect to any then-current Benchmark other than USD LIBOR, the occurrence of a public statement
or publication of information by or on behalf of the administrator of the then-current Benchmark, the regulatory supervisor for the administrator
of such Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official
with jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such
Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, announcing
or stating that (a) such administrator has ceased or will cease on a specified date to provide all Available Tenors of such Benchmark,
permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will
continue to provide any Available Tenor of such Benchmark or (b) all Available Tenors of such Benchmark are or will no longer be representative
of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored.

 

“Daily Simple
SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the
Collateral Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily
Simple SOFR” for syndicated business loans; provided, that if the Collateral Agent decides that any such convention is not administratively
feasible for the Collateral Agent, then the Collateral Agent may establish another convention in its reasonable discretion.

 

“Early Opt-in
Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such
Early Opt-in Election is provided to the Purchasers, so long as the Collateral Agent has not received, by 5:00 p.m. (New York City time)
on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Purchasers, written notice of objection
to such Early Opt-in Election from the Purchasers comprising the Majority Purchasers.

 

“Early
Opt-in Election” means the occurrence of:

 

(1) notification
by the Collateral Agent to (or the request by the Company to the Collateral Agent to notify) each of the other parties hereto that at
least five (5) currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment
or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and
such syndicated credit facilities are identified in such notice and are publicly available for review), and

 

(2)  the
joint election by the Collateral Agent and the Company to trigger a fallback from USD LIBOR and the provision by the Collateral Agent
of written notice of such election to the Purchasers.

 

“Floor”
means one percent (1%) (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise)
with respect to USD LIBOR.

 

“Relevant Governmental
Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor
thereto.

 

    - 4 -

     

    

 

“Second Amendment”
means the Second Amendment to Revenue Sharing and Note Purchase Agreement and Omnibus Amendment to Documents, dated as of December 24,
2014, among the Company, the Collateral Agent and the Purchasers.

 

“SOFR”
means a rate per annum equal to the secured overnight financing rate for such Business Day published by the Federal Reserve Bank of New
York (or a successor administrator of the secured overnight financing rate) on the website of the Federal Reserve Bank of New York, currently
at http://www.newyorkfed.org (or any successor source for the secured overnight financing rate identified as such by the administrator
of the secured overnight financing rate from time to time).

 

“Term SOFR”
means, for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the
Relevant Governmental Body.

 

“USD LIBOR”
means the London interbank offered rate for U.S. dollars.

 

2.5 The
following term currently included in Appendix I to the Existing Agreement is hereby amended and restated in its entirety as follows:

 

“LIBOR”
means, subject in all respects to Section 2.7, with respect to any Note for any three month period, the greater of (a) the rate
appearing on the Reuters page for three month LIBOR (or on any successor or substitute page or service providing quotations of interest
rates applicable to dollar deposits in the London interbank market comparable to those currently provided on such page, as determined
by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of
such three month period, as the rate for dollar deposits with a maturity comparable to such three month period; provided that (i) if such
rate is not available at such time for any reason, then “LIBOR” with respect to such Note for such three month period shall
be the Interpolated Rate, and (ii) if the Interpolated Rate is not available, then “LIBOR” with respect to such Note for such
three month period shall be the offered quotation rate to first class banks in the London interbank market by the Person that is the Purchaser
(for delivery on the first day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the
applicable Note, in its capacity as a Purchaser (or, if it is not a Purchaser of such Note, in such amount determined by the Collateral
Agent) for which LIBOR is then being determined with maturities comparable to such three month period at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such three month period and (b) the Floor.

 

Section 3. Representations
and Warranties of the Company. The Company represents and warrants to the Purchasers that as of the date hereof:

 

3.1 each
of the representations and warranties set forth in the Amended Agreement and in the other Documents are true and correct in all material
respects (or in all respects for such representations and warranties that are by their terms already qualified as to materiality) as of
the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they
shall be true and correct in all material respects (or in all respects for such representations and warranties that are by their terms
already qualified as to materiality) as of such earlier date; and

 

3.2 both
immediately before and after giving effect to this Amendment and the transactions contemplated hereby, no Default shall have occurred
and be continuing, or would result therefrom.

 

Section 4. Conditions
Precedent. The amendments to the Existing Agreement set forth in Section 2 above shall become retroactively effective as of February
14, 2014, as of the date upon which each of the following conditions precedent shall be satisfied or waived:

 

4.1 Execution.
Each Purchaser shall have received counterparts of this Amendment executed by the Company, the Collateral Agent and each of the other
Purchasers.

 

4.2 Costs
and Expenses. The Company shall have paid all reasonable and documented out-of-pocket costs and expenses of the Purchasers in connection
with this Amendment payable pursuant to Section 9.1 of the Amended Agreement.

 

    - 5 -

     

    

 

Section 5. Reaffirmation
of Obligations. The Company hereby (i) confirms its Obligations under each Document, in each case as amended, restated, supplemented
or modified after giving effect to this Amendment, (ii) confirms that its Obligations as amended, restated, supplemented or modified hereby
under the Existing Agreement and the other Documents are entitled to the benefits of the security grants, as applicable, set forth in
the Documents, in each case, as amended, restated, supplemented or modified after giving effect to this Amendment (including as such security
grants have been amended, restated, supplemented or modified by this Amendment), (iii) confirms that its Obligations under the Existing
Agreement and the other Documents after giving effect to this Amendment constitute Obligations and (iv) agrees that the Existing Agreement
and the other Documents as amended, restated, modified or supplemented hereby is the Amended Agreement (or as the context may require,
the applicable Documents) under and for all purposes of the Existing Agreement and the other Documents. Each party, by its execution of
this Amendment, hereby confirms that (i) the Obligations shall remain in full force and effect (except as such Obligations have been expressly
supplemented, amended, restated or modified hereby), and such Obligations shall continue to be entitled to the benefits of the grant set
forth in the Collateral Documents, as amended, restated, supplemented or modified hereby and (ii) the payment of fees and expenses of
counsel to the Purchasers pursuant to invoices approved by the Purchasers and the Company prior to the date hereof constitute “Monetization
Expenses” within the meaning of the Amended Agreement.

 

Section 6. Release.
In consideration of the foregoing amendments, the Company, and, to the extent the same is claimed by right of, through or under the Company,
for its past, present and future successors in title, representatives, assignees, agents, officers, directors and shareholders, does hereby
and shall be deemed to have forever remised, released and discharged each of the Secured Parties, and their respective Affiliates, and
any of the respective successors-in-title, legal representatives and assignees, past, present and future officers, directors, shareholders,
trustees, agents, employees, consultants, experts, advisors, attorneys and other professionals and all other persons and entities to whom
any Secured Party or any of its Affiliates would be liable if such persons or entities were found to be liable to the Company (collectively
hereinafter the “Indemnified Parties”), from any and all manner of action and actions, cause and causes of action,
claims, charges, demands, counterclaims, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants,
contracts, controversies, damages, judgments, expenses, executions, liens, claims of liens, claims of costs, penalties, attorneys’
fees, or any other compensation, recovery or relief on account of any liability, obligation, demand or cause of action of whatever nature,
whether in law, equity or otherwise (including without limitation those arising under 11 U.S.C. §§ 541-550 and interest or other
carrying costs, penalties, legal, accounting and other professional fees and expenses, and incidental, consequential and punitive damages
payable to third parties), whether known or unknown, fixed or contingent, joint and/or several, secured or unsecured, due or not due,
primary or secondary, liquidated or unliquidated, contractual or tortious, direct, indirect, or derivative, asserted or unasserted, foreseen
or unforeseen, suspected or unsuspected, now existing, heretofore existing or which may heretofore accrue against any of the Indemnified
Parties, whether held in a personal or representative capacity, and which are based on any act, fact, event or omission or other matter,
cause or thing occurring at or from any time prior to and including the date hereof in any way, directly or indirectly arising out of,
connected with or relating to this Amendment or the Documents, and the transactions contemplated hereby and thereby, and all other agreements,
certificates, instruments and other documents and statements (whether written or oral) related to any of the foregoing.

 

Section 7. Miscellaneous.
Except as herein provided, the Existing Agreement shall remain unchanged and in full force and effect. This Amendment is a Document for
all purposes of the Amended Agreement. This Amendment may be executed in any number of counterparts, and by different parties hereto on
separate counterpart signature pages, and all such counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of a counterpart signature page by facsimile transmission or by e-mail transmission of an Adobe portable document format file
(also known as a “PDF” file) shall be effective as delivery of a manually executed counterpart signature page. Section
headings used in this Amendment are for reference only and shall not affect the construction of this Amendment.

 

Section 8. Governing
Law. This Amendment, and any issue, claim or proceeding arising out of or relating to this Amendment or the conduct of the parties
hereto, whether now existing or hereafter arising and whether in contract, tort or otherwise, shall be governed by and construed in accordance
with the laws of the State of New York.

 

Section 9. Omnibus
Amendments to all Documents. References in the Existing Agreement (including references to the Existing Agreement as amended hereby)
and the other Documents to “this Agreement” (and indirect references such as “hereunder”, “hereby”,
“herein”, and “hereof”) and each reference to the Existing Agreement in the other Documents (and indirect references
such as “thereunder”, “thereby”, “therein”, and “thereof”) shall be deemed to be references
to the Existing Agreement and the other Documents as amended hereby. Except as specifically amended or waived below, the Existing Agreement
and the other Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed. The execution, delivery
and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Collateral Agent or any Purchaser
under the Existing Agreement or any Document, nor constitute a waiver or novation of any provision of the Existing Agreement or any Document,
except as specifically set forth herein.

 

[signature pages follow]

 

    - 6 -

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Amendment to be duly executed and delivered as of the day and year first above written.

 

	ANDREA ELECTRONICS CORPORATION,	 
	as the Company	 
	 	 
	By: /s/ Corisa L.
    Guiffre                      	 
	Name: Corisa L. Guiffre	 
	Title: Vice President and CFO	 
	 	 
	AND34 FUNDING LLC,	 
	as a Revenue Participant	 
	 	 
	By: /s/ Radhika
    Hulyalkar                      	 
	Name: Radhika Hulyalkar	 
	Title: Deputy Chief Financial Officer	 
	 	 
	AND34 FUNDING LLC,	 
	as a Noteholder	 
	 	 
	By: /s/ Radhika
    Hulyalkar                      	 
	Name: Radhika Hulyalkar	 
	Title: Deputy Chief Financial Officer	 
	 	 
	AND34 FUNDING LLC,	 
	as Collateral Agent	 
	 	 
	By: /s/ Radhika
    Hulyalkar                      	 
	Name: Radhika Hulyalkar	 
	Title: Deputy Chief Financial Officer

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