Document:

Exhibit 10.2

 

AMENDMENT TO DISTRIBUTORSHIP AGREEMENT

 

This
AMENDMENT (the “Amendment”) is made and entered into as of the 30th day of April, 2020,
to the DISTRIBUTORSHIP AGREEMENT, dated as of April 28, 2020 (the “Distributorship Agreement”),
by and between Osang Healthcare Co., Ltd. (the “Manufacturer”) and SG Blocks,, Inc. (the “Distributor”).

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained in the Distributorship Agreement, and for
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

 

1. The
Distributorship Agreement is hereby amended by the inclusion therein of the representations and indemnities set forth on Annex
A hereto.

 

2. All
other terms of the Distributorship Agreement shall remain in full force and effect. The Distributorship Agreement, as amended by
this Amendment, constitutes the entire agreement between the parties with respect to the subject matter thereof.

 

3.
This Amendment may be executed in two or more identical counterparts, all of which shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each party and delivered to the other party;
provided that a facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with
the same force and effect as if the signature were an original, not a facsimile signature.

 

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

 

	OSANG HEALTHCARE CO., LTD.	 	SG BLOCKS, INC.
	 	 	 
	By:	Dong-Hyin Lee	 	By: 	/s/ Paul Galvin
	 	Name:  	Dong-Hyin Lee	 	 	Name:  	Paul Galvin
	 	Title: 	Chief Executive Officer	 	 	Title: 	Chief Executive Officer

 

     

     

    

ANNEX A

 

Manufacturer warrants and covenants that:
(a) the Products will conform to their published specifications; (b) it owns all right, title, and interest in the Products and
in all of patents, trademarks, trade names, inventions, copyrights, know-how, and trade secrets relating to the design, manufacture,
operation, or service of the Products and (c) to its knowledge, the Products do not infringe any third party rights and will not
subject Distributor to liability for violation of any laws, rules or regulations. Defective Products may be returned by Distributor
to Manufacturer within 90 days of delivery and shall be promptly replaced by Manufacturer without charge and shipped to Distributor
at Manufacturer’s expense.

 

Manufacturer shall indemnify and hold harmless
Distributor and its respective directors, officers, agents and employees from and against any and all liabilities, claims, suits,
losses, damages or causes of actions including costs, attorney fees and expenses which may be suffered by any loss, damage, death
or bodily injury (collectively the “Liability”) directly and proximately caused by a breach of the representations
or warranties contained in the Agreement (as amended), claims made by any person or entity arising out of the manufacturing of
the Products, claims asserting that a Product infringes the intellectual property of any other person or entity; or that use of
the Products resulted in bodily injury, without limitation, personal injury and death or the non-performance or improper performance
by Manufacturer of any of its obligations arising out of or in connection with this Agreement.Exhibit 10.3

 

 

May 1, 2020

 

VIA ELECTRONIC MAIL

 

Osang Group Co Ltd.

132, Anyangcheondong-ro Dongan -gu

Anyang -si, Gye onggi do, 14040

Republic of Korea

Attention: DH Lee, President and CEO

 

		Re:	Right of Participation in Future Financing

 

Dear Mr. Lee:

 

Reference is made to
that certain Distributorship Agreement between you and us of even date herewith (the “Distributorship Agreement”).

 

In the event that you
provide customer referrals to us for the purchase under the Distributorship Agreement of Products (as defined therein) resulting
in at least $5,000,000 of revenue to us, we agree as follows:

 

(a) Subject
to the prior approval of The Nasdaq Stock Market and subject to any other rights of participation outstanding on the date hereof
this Agreement, until the six month anniversary of the date of this Agreement, upon any issuance by us of shares of our common
stock, and provided that such securities remain outstanding after the exercise of participation rights outstanding on the date
of this Agreement (herein, a “Subsequent Financing”), you shall have the right to participate in up to an amount of
the Subsequent Financing equal to 19.9% of the Subsequent Financing (the “Participation Maximum”) on the same terms,
conditions and price provided for in the Subsequent Financing.

 

(b) At the
time we commence soliciting interest of investors in the Subsequent Financing we will provide you notice of the potential Subsequent
Financing, and no less than two hours prior to pricing of any such Subsequent Financing we will deliver to you a written notice
of our intention to effect a Subsequent Financing (a “Subsequent Financing Notice”), which notice shall describe in
reasonable detail the proposed terms of such Subsequent Financing and the amount of proceeds intended to be raised thereunder.

 

(c) In the
event you desire to participate in such Subsequent Financing you must provide written notice to us within one hour of being provided
the terms of the Subsequent Financing (the “Notice Termination Time”) that you are willing to participate in the Subsequent
Financing, the amount of your participation, and representing and warranting that you have such funds ready, willing, and available
for investment on the terms set forth in the Subsequent Financing Notice, in order to ensure we have adequate time to include your
investment in the Subsequent Financing. If we receive no such notice from you as of such Notice Termination Time, you will be deemed
to have notified us that you do not elect to participate in such Subsequent Financing.

 

Very truly yours,

 

SG Blocks, Inc.

 

	By:	/s/ Paul M. Galvin	 
	Name: 	Paul M. Galvin	 
	Title:	Chief Executive Officer	 

 

 

195 Montague Street, 14th Floor Brooklyn
Heights, NY 11201 646.240.4235 P info@sgblocks.com

Nashville                     New
York                     Charlestona101fourthamendment2020

                FOURTH AMENDMENT TO COMMERCIAL    BUSINESS LOAN AGREEMENT FOR TERM LOANS AND LINES OF CREDIT                                              THIS  FOURTH  AMENDMENT  TO  COMMERICAL  BUSINESS  LOAN  AGREEMENT  FOR  TERM  LOANS  AND  LINES  OF  CREDIT           (this  “Fourth  Amendment”) is dated May 1, 2020, by and among VIEMED, INC., a Delaware corporation  (“Viemed”), SLEEP MANAGEMENT, L.L.C. (“Sleep Management”), a Louisiana limited  liability company, and HOME SLEEP DELIVERED, L.L.C. (“Home Sleep”), a Louisiana  limited  liability  company  (collectively,  the  “Borrower”),  and HANCOCK WHITNEY  BANK, a Mississippi state chartered bank, formally known as Whitney Bank (the “Lender”).   The Borrower, Guarantor, if any, and any other person who may be liable now or in the future  for any portion of any Loans are referred to as “Obligor”, which term means individually,  collectively, and interchangeably any, each and/or all of them.                                R E C I T A L S:         A.   Borrower and Lender are parties to that certain Commercial Business Loan  Agreement for Term Loans and Lines of Credit dated February 21, 2018, pursuant to which  the Lender established in favor of Borrower, among other things, a revolving line of credit in  the  maximum  aggregate  principal  amount  of  $5,000,000.00  (collectively,  with  all  past,  present and future amendments and/or restatements, the “Agreement”).         B.    Borrower  has  now  applied  to  Lender  to  renew  an  existing  $10,000,000.00  revolving line of credit.          C.    Lender, subject to the terms and conditions of this Fourth Amendment, has  agreed to Borrower’s requests.            NOW, THEREFORE, in consideration of the mutual covenants hereunder set forth,  Borrower and Lender do hereby covenant and agree to amend the Agreement as follows:    1.    Revisions to Article A – The Loan or Loans.            A.   The first  subsection  of  Section  A  of  the  Agreement,  entitled  “A  LINE  OF  CREDIT LOAN,” is hereby deleted in its entirety and replaced as follows:                A LINE OF CREDIT LOAN  (the “Line of Credit,” which term shall include        all  renewals,  extensions  or  modifications  thereof)  to  Borrower  in  the  maximum        principal amount of Ten Million and no/100 ($10,000,000.00) dollars, bearing interest        at a variable rate equal to the Wall Street Journal Prime Rate less a margin of .50%,        floating  daily,  per  annum  from  date  of  advance  until  paid,  payable  in  monthly        installments of interest only, payable in arrears, commencing on June 1, 2020, and        continuing  on  the same day  of  each  month  thereafter,  with  a  final  payment  of  all        principal and outstanding interest due and payable on May 1, 2023. The Line of Credit        shall  be  represented  by  Bank’s  standard  form  of  commercial  note  containing                                         4th  Amendment                                           Hancock Whitney Bank                                      1   

 

      additional  terms  and  conditions  (the  “Revolving  Note”).   The  term  “Wall  Street        Journal  Prime Rate” shall have the meaning set forth in the Revolving Note, and,        notwithstanding any other provision of this Agreement, at no time shall the interest        rate on the Revolving Note be less than three and one-half percent (3.50%) per annum.    2.   Expenses.  Borrower  will  pay  all  of  the  costs,  expenses  and  fees  incurred  in  connection  with  the  Agreement,  as  documented  pursuant  to  the  original  Agreement,  as  modified by this Fourth Amendment and any future amendments, including attorneys’ fees  and appraisal fees.    3.   Confirmation of Loan Documents and Security.  Each Obligor understands and  agrees  that  all  other  terms,  conditions,  and  provisions  of  the  Agreement  and/or the  Loan  Documents  shall  remain  in  full  force  and  effect.   All  of  the  liens,  privileges,  mortgages,  security interests, priorities, and equities existing and to exist under and in accordance with  the terms of the Agreement, as amended, the Revolving Note, and the Loan Documents are  hereby extended and carried forward as security for the Agreement, the Revolving Note, the  Loans, and all other indebtedness, obligations, and liabilities of the Borrower to Lender.    4.   Representations; Resolutions.  As of the date hereof, and after giving effect to this  Fourth Amendment, each Obligor confirms, reaffirms, and restates the representations and  warranties  set  forth  in  the  Agreement  and  the  Loan  Documents.  Each  Obligor  further  confirms  and  reaffirms  each  and  every  resolution,  certificate,  consent,  and/or  other  authorization provided to Lender, and further represents that each such resolution, certificate,  consent, and/or other authorization (i) remains in full force and effect, (ii) stands of record on  the  books  of  such  Obligor,  and  (iii)  may  be  relied  upon  by  Lender,  including  without  limitation the Authorizations given by Borrower and Guarantor on or about February 21,  2018, as well as any before or after.    5.   No Right of Setoff; Release of Claims.  Borrower acknowledges that as of the date  of this Fourth Amendment, Borrower has no right to setoff any amount against the amounts  owed  by Borrower to Lender.   In consideration of this Fourth Amendment, each Obligor  further releases Lender from any and all claims arising on or prior to the date of this Fourth  Amendment,  known  or  unknown,  in  connection  with  the  Agreement,  the  Loans,  the  Revolving Note, and/or the Loan Documents.     6.   No  Course  of  Dealing.  This  Fourth  Amendment  shall  not  establish  a  course  of  dealing or be construed as evidence of any willingness on Lender’s part to grant other or  future amendments, should any be requested, and Lender is under no obligation to grant or  approve such other or future amendments.     7.   AMENDMENT.  THE AGREEMENT AND THIS FOURTH AMENDMENT  ARE  CREDIT  OR  LOAN  AGREEMENTS  AS  DESCRIBED  IN  LOUISIANA  REVISED  STATUTES  6:1121, ET  SEQ. THERE  ARE NO ORAL AGREEMENTS  BETWEEN LENDER AND ANY OBLIGOR.  THE AGREEMENT, AS AMENDED  BY THIS FOURTH AMENDMENT, THE REVOLVING NOTE, AND THE LOAN                                        4th  Amendment                                           Hancock Whitney Bank                                      2   

 

DOCUMENTS SET FORTH THE ENTIRE AGREEMENT OF THE PARTIES WITH  RESPECT  TO  THE  SUBJECT  MATTER  HEREOF  AND  THEREOF  AND  SUPERSEDE ALL PRIOR WRITTEN AND ORAL UNDERSTANDINGS BETWEEN  THE PARTIES WITH RESPECT TO THE MATTERS HEREIN SET FORTH. THE  AGREEMENT, AS AMENDED BY THIS FOURTH AMENDMENT, MAY NOT BE  MODIFIED OR AMENDED EXCEPT BY A WRITING SIGNED AND DELIVERED  BY BORROWER AND LENDER.    8.   Miscellaneous provisions.           a.    This Fourth Amendment shall be governed by and construed in accordance  with the laws of the State of Louisiana.  This Fourth Amendment may be executed in any  number of counterparts, all of which counterparts, when taken together, shall constitute one  and the same instrument.           b.   Except  as  expressly  amended  herein,  the  Agreement  and  all  of  the  terms,  conditions,  and  provisions  set  forth  therein  shall  continue  in  full  force  and  effect.  The  Agreement, as amended by this Fourth Amendment, is hereby ratified and confirmed by the  parties hereto.            c.    No  novation  or  satisfaction  of  any  indebtedness,  obligations,  and/or  liabilities owed by any Obligor to Lender is intended by this Fourth Amendment.            d.   Unless specifically defined in this Fourth Amendment, capitalized terms used  herein shall have the meanings set forth in the Agreement.     9.   USA Patriot Act.  Lender is subject to the USA Patriot Act (Title III of Pub. L. 107- 56 (signed into law October 26, 2001)) (the “Act”) and Lender hereby notifies Borrower that  pursuant  to  the  requirements  of  the  Act,  Lender  is  required  to  obtain,  verify,  and  record  information that identifies Borrower, which information includes the name and address of  Borrower and other information that will allow Lender to identify Borrower in accordance  with  the  Act.   Borrower  shall,  promptly  following  each  request  by  Lender,  provide  all  documentation and other information requested by Lender in order for Lender to comply with  its  ongoing  obligations  under  the  applicable  “know  your  customer”  and  anti-money  laundering rules and regulations, including the Act.                                               4th  Amendment                                           Hancock Whitney Bank                                      3   

 

      Executed by the parties as of the date set forth above.                                        Lender:                                       Hancock Whitney Bank,                                      a Mississippi state chartered bank                                                               By:   /s/ Grant Guillotte                                               Grant Guillotte                                           Senior Vice President                                          Borrower:                                        Viemed, Inc.                                                                                           By:   /s/ Casey Hoyt                                                    Casey Hoyt                                             Chief Executive Officer                                                                    Sleep Management, L.L.C.                                                                                      By:   /s/ Casey Hoyt                                                    Casey Hoyt                                                     Member & Manager                                            Home Sleep Delivered, L.L.C.                                            By:   /s/ Casey Hoyt                                                    Casey Hoyt                                                     Member & General Manager                                             4th  Amendment                                           Hancock Whitney Bank                                      4

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