Document:

Exhibit 10.13

 

AMENDMENT TO THE SERIES A PURCHASE AGREEMENT

 

This Amendment (this
“Amendment”), dated as of August 27, 2019, is by and among Movano Inc. (f/k/a Maestro Sensors Inc.),
a Delaware corporation (the “Company”), and the other Persons party hereto. Capitalized terms used, but not
defined, herein shall have the same respective meanings ascribed to such terms in the Series A Purchase Agreement (as defined
below).

 

RECITALS

 

WHEREAS, on March 14,
2018, the Company and certain purchasers of Series A Preferred Stock of the Company (“Series A Preferred”) entered
into a Securities Purchase Agreement (as amended from time to time, including as amended by the Consent and Amendment Agreement
referenced below, the “Series A Purchase Agreement”).

 

WHEREAS, On March 6,
2019, the Company and certain holders of Series A Preferred entered into a Consent and Amendment Agreement, which made certain
amendments to and waived certain provisions of the Series A Purchase Agreement.

 

NOW, THEREFORE, the Series A Purchase Agreement is
amended as follows:

 

1. 
Section 4(p) of the Series A Purchase Agreement is amended and restated in its entirety as follows:

 

(p) Board of
Directors; Size. On the Initial Closing Date, the Company shall have a board of directors of two persons, Michael Leabman
and Emily Wang Fairbairn (“Fairbairn”). Unless otherwise agreed by LVP: (i) no later than six (6)
months after the Initial Closing Date, so long as any Shares are outstanding and have not been converted to Conversion
Shares, and continuing thereafter subject only to the Grace Period, the Company shall have a board of directors of at least
three persons and at least two members of the board of directors shall be independent pursuant to Nasdaq Listing Rule
5605(a)(2); (ii) no later than nine (9) months after the Initial Closing Date, so long as any Shares are outstanding and have
not been converted to Conversion Shares, and continuing thereafter subject only to the Grace Period, the Company shall have a
board of directors of at least four persons and at least three members of the board of directors shall be independent
pursuant to Nasdaq Listing Rule 5605(a)(2), and the board of directors and committees thereof shall conform to the
requirements of Nasdaq Listing Rule 5605 applicable to smaller reporting companies (without regard to the cure periods and
phase-ins permitted under Rule 5605); and (iii) no later than twelve (12) months after the Initial Closing Date, so long as
any Shares are outstanding and have not been converted to Conversion Shares, and continuing thereafter subject only to the
Grace Period, the Company shall have a board of directors of at least five persons and at least three members of the board of
directors shall be independent pursuant to Nasdaq Listing Rule 5605(a)(2), and the board of directors and committees thereof
shall conform to the requirements of Nasdaq Listing Rule 5605 applicable to smaller reporting companies (without regard to
the cure periods and phase-ins permitted under Rule 5605). In the event that the Company fails to meet any of the board
constitution requirements set forth above due to the death, disability or resignation of a sitting director, the Company
shall have 30 days to come into compliance with such requirement provided that during such period the Company uses its
reasonable best efforts to come into compliance with such requirement as promptly as practicable (“Grace
Period”). So long as the Shares are outstanding, all persons appointed to the board of directors shall require
the written consent of either LVP or the Required Buyers.

 

2. 
Section 4(s) of the Series A Purchase Agreement is amended and restated in its entirety as follows:

 

 (s)  Independent Accountants. After the Initial Closing Date, the Company have an independent certified public accounting firm, which firm is actively registered with the PCAOB, engaged at all times; provided that if the Company fails to maintain such engagement at any time due to the resignation of its then current accounting firm the Company shall have 30 days to come into compliance with such requirement provided that during such period the Company uses its reasonable best efforts to come into compliance with such requirement as promptly as practicable. The Company shall cause such accounting firm to prepare and deliver to the Buyers on or before a date acceptable to LVP an audit of the Company’s financial statements for the year ended December 31, 2018, with such audit in form and substance as would be necessary and sufficient to meet the filing requirements of a registration statement on Form S-1 filed under the 1933 Act. Unless LVP has delivered a notice to the Company establishing a specific acceptable date, if the Company is not in breach of Section 4(v) of this Agreement the Company will be deemed not in breach of this Section 4(s). Any notice from LVP of a specific acceptable date must be given by LVP in good faith, and provide for a reasonable time after such notice to satisfy the requirements of this Section 4(s).

 

[Signature pages follow]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned
have caused their respective signature page to this Agreement to be duly executed as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	MOVANO INC,
	 	a Delaware corporation
	 	 	 
	 	By:	 
	 	 	Michael Leabman, 

Chief Executive
    Officer

 

[Signature Page to Consent and Amendment
Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the
undersigned have caused their respective signature page to this Agreement to be duly executed as of the date first written above.

 

	 	For Individual Investors:
	 	 
	 	Print Name:	
	 	 
	 	Signature:	

 

 

[Signature Page to
Consent and Amendment Agreement]Exhibit 10.14

 

AMENDMENT TO THE SERIES A PURCHASE
AGREEMENT

 

This Amendment (this
“Amendment”), dated as of December 2, 2019, is by and among Movano Inc. (f/k/a Maestro Sensors Inc.),
a Delaware corporation (the “Company”), and the other Persons party hereto. Capitalized terms used, but
not defined, herein shall have the same respective meanings ascribed to such terms in the Series A Purchase Agreement (as defined
below).

 

RECITALS

 

WHEREAS, on March 14,
2018, the Company and certain purchasers of Series A Preferred Stock of the Company (“Series A Preferred”)
entered into a Securities Purchase Agreement (as amended from time to time, including as amended by the Consent and Amendment Agreement
referenced below, the “Series A Purchase Agreement”);

 

WHEREAS, On March 6,
2019, the Company and certain holders of Series A Preferred entered into a Consent and Amendment Agreement, which made certain
amendments to and waived certain provisions of the Series A Purchase Agreement; and

 

WHEREAS, On August
27, 2019, the Company and certain holders of Series A Preferred entered into an Amendment to the Series A Purchase Agreement, which
made certain further amendments to the Series A Purchase Agreement;

 

NOW, THEREFORE, the
Series A Purchase Agreement is amended as follows:

 

1. Section 4(r)
of the Series A Purchase Agreement is amended and restated in its entirety as follows:

 

(r) Incentive
Equity. The Required Buyers have on or about the date hereof approved the Company’s 2019 Omnibus Incentive Plan (the
“Plan”) which provides for awards covering up to 4,000,000 shares of Common Stock (the “Reserved
Shares”). The Company hereby agrees that prior to the closing of the IPO, the Company shall only issue “Options”
(as defined in the Plan) under the Plan and that the exercise price per share for any Options issued shall not be less than the
fair market value per share of the Common Stock at the time of grant as determined by an IRS Code Section 409(A) valuation obtained
by the Company with respect to such Options, without the unanimous consent of the Board of Directors. The Plan will not be amended
to increase the number of shares subject thereto until the Company becomes a Reporting Company or with the approval of the Required
Buyers. It is acknowledged and agreed that the issuance of equity awards to grantees pursuant to the Plan, and the underlying shares
of Common Stock, and/or the repurchase of shares of Common Stock issued upon the exercise of Options issued pursuant to the Plan,
in each case in accordance therewith, shall not be deemed restricted by Section 4(j) or 4(n) of this Agreement.

 

2. Section 4(v)
of the Series A Purchase Agreement is amended and restated in its entirety as follows:

 

(v) IPO
Commitment. Unless otherwise agreed by LVP, the Company shall, no later than June 30, 2020, subject to extension upon the prior
written approval of the Required Holders (such date, hereinafter, the “Form S-1 Filing Due Date”), file
with or submit confidentially to the SEC (in the Company’s discretion) a registration statement on Form S-1 (or any successor
form thereto) to register and sell Common Stock in an IPO and shall complete the IPO no later than March 31, 2021, subject to extension
upon the prior written approval of the Required Holders.

 

[Signature pages follow]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned
have caused their respective signature page to this Agreement to be duly executed as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	MOVANO INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	 
	 	 	Michael Leabman, 

Chief Executive Officer

 

     

     

    

 

OMNIBUS SIGNATURE PAGE

 

By execution and delivery of this signature
page the undersigned stockholder of Movano Inc. (the “Company”) (1) consents and agrees to the actions set forth
in the above Written Consent of the Stockholders and (2) agrees to be party to (A) the above Amendment to the Series A Purchase
Agreement (if the undersigned is a holder of shares of the Company’s Series A Convertible Preferred Stock) and (B) the above
Amendment to Series B Purchase Agreement (if the undersigned is a holder of shares of the Company’s Series B Convertible
Preferred Stock).

 

Sign Here:_________________________________________________________________

 

Stockholder
Name:__________________________________________________________

 

Title,
if Stockholder is an entity:_______________________________________________

 

Date:
____________________________________________________________________

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