Document:

CareView Communications, Inc. 8-k

Exhibit
10.131

 

Execution Version

 

THE SECURITIES REPRESENTED HEREBY MAY
NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED FOR SALE PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED,
(II) SUCH SECURITIES MAY BE SOLD WITHOUT RESTRICTION PURSUANT TO RULE 144, OR (III) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL
REASONABLY SATISFACTORY TO IT THAT SUCH TRANSFER MAY LAWFULLY BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933 OR
QUALIFICATION UNDER APPLICABLE STATE SECURITIES LAWS.

 

SUBJECT TO THE PROVISIONS OF SECTION
10 HEREOF, THIS WARRANT SHALL BE VOID AFTER 5:00 P.M. EASTERN TIME ON JANUARY 15, 2024 (THE “EXPIRATION DATE”).

 

No. __________

 

CareView
Communications, Inc.

 

WARRANT TO PURCHASE 2,136,800 SHARES
OF

 

COMMON STOCK, PAR VALUE $0.001 PER
SHARE

 

For VALUE RECEIVED,
HealthCor Hybrid Offshore Master Fund, L.P. (“Warrantholder”), is entitled to purchase, subject to the provisions
of this Warrant, from CareView Communications, Inc., a Nevada corporation (“Company”), from and after January
16, 2014 and at any time not later than 5:00 P.M., Eastern time, on the Expiration Date (as defined above), at an exercise price
per share equal to $0.40 (the exercise price in effect being herein called the “Warrant Price”), 2,136,800
shares (“Warrant Shares”) of the Company’s Common Stock, par value $0.001 per share (“Common
Stock”). The number of Warrant Shares purchasable upon exercise of this Warrant and the Warrant Price shall be subject
to adjustment from time to time as described herein. This Warrant is being issued pursuant to the Note and Warrant Purchase Agreement,
dated as of April 21, 2011, as previously amended on December 20, 2011, January 31, 2012, August 20, 2013, and January 16, 2014,
and as the same may be amended and/or restated from time to time (the “Purchase Agreement”), among the Company
and the initial holder of the Supplemental Company Warrants (as defined below). Capitalized terms used herein have the respective
meanings ascribed thereto in the Note and Warrant and Purchase Agreement unless otherwise defined herein.

 

Section 1.            Registration.
The Company shall maintain books for the transfer and registration of the Warrant. Upon the initial issuance of this Warrant, the
Company shall issue and register the Warrant in the name of the Warrantholder.

 

Section 2.            Transfers.
As provided herein, this Warrant may be transferred only pursuant to a registration statement filed under the Securities Act of
1933, as amended (the “Securities Act”), or an exemption from such registration. Subject to such restrictions,
the Company shall transfer this Warrant from time to time upon the books to be maintained by the Company for that purpose, upon
surrender hereof for transfer, properly endorsed or accompanied by appropriate instructions for transfer and such other documents
as may be reasonably required by the Company, including, if required by the Company, an opinion of its counsel to the effect that
such transfer is exempt from the registration requirements of the Securities Act, to establish that such transfer is being made
in accordance with the terms hereof, and a new Warrant shall be issued to the transferee and the surrendered Warrant shall be canceled
by the Company.

 

    	 

    	 

    

 

Section 3.            Exercise
of Warrant. Subject to the provisions hereof, the Warrantholder may exercise this Warrant, in whole or in part, at any time
from and after January 16, 2014 and prior to its expiration upon surrender of the Warrant, together with delivery of a duly executed
Warrant exercise form, in the form attached hereto as Appendix A (the “Exercise Agreement”) and payment by cash,
certified check or wire transfer of funds (or, in certain circumstances, by cashless exercise as provided below) of the aggregate
Warrant Price for that number of Warrant Shares then being purchased, to the Company during normal business hours on any business
day at the Company’s principal executive offices or such other office or agency of the Company as it may designate by notice
to the Warrantholder (such date, the “Exercise Date”). The Warrant Shares so purchased shall be deemed to be
issued to the Warrantholder or the Warrantholder’s designee, as the record owner of such shares, as of the close of business
on the date on which this Warrant shall have been surrendered (or the date evidence of loss, theft or destruction thereof and security
or indemnity satisfactory to the Company has been provided to the Company), the Warrant Price shall have been paid and the completed
Exercise Agreement shall have been delivered. Execution and delivery of the Exercise Agreement with respect to less than all of
the Warrant Shares shall have the same effect as cancellation of the original Warrant and issuance of a new Warrant evidencing
the right to purchase the remaining number of Warrant Shares. On or before the first (1st) business day following the
Exercise Date, the Company shall transmit by facsimile an acknowledgment of confirmation of receipt of the Exercise Agreement (or
Net Issue Election Notice, if applicable, pursuant to Section 18) to the Warrantholder and the Company’s transfer agent (the
“Transfer Agent”).  On or before the third (3rd) business day following the Exercise Date (the
“Share Delivery Date”), the Company shall (A) provided that the Transfer Agent is participating in The
Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program, upon the request of the Warrantholder,
credit such aggregate number of Warrant Shares to which the Warrantholder is entitled pursuant to such exercise to the Warrantholder’s
or its designee’s balance account with DTC through its Deposit Withdrawal At Custodian system, or (B) if the Transfer
Agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver by overnight courier to the
address as specified in the Exercise Agreement or Net Issue Election Notice, a certificate, registered in the Company’s share
register in the name of the Warrantholder or its designee, for the number of shares of Common Stock to which the Warrantholder
is entitled pursuant to such exercise. The Company shall be responsible for all fees and expenses of the Transfer Agent and all
fees and expenses with respect to the issuance of Warrant Shares via DTC, if any.  Any certificates so delivered shall be
in such denominations as may be requested by the Warrantholder and shall be registered in the name of the Warrantholder or such
other name as shall be designated by the Warrantholder, as specified in the Exercise Agreement or Net Issue Election Notice, if
applicable. If this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company shall, at
its expense, at the time of delivery of such certificates (or of crediting the Warrantholder’s balance account with DTC),
deliver to the Warrantholder a new Warrant representing the right to purchase the number of shares with respect to which this Warrant
shall not then have been exercised. As used herein, “business day” means a day, other than a Saturday or Sunday,
on which banks in New York City are open for the general transaction of business. Each exercise hereof shall constitute the re-affirmation
by the Warrantholder that the representations and warranties contained in Section 3 of the Purchase Agreement are true and correct
in all material respects with respect to the Warrantholder as of the time of such exercise.

 

    	 

    	 

    

 

If (1) the Company
shall fail for any reason or no reason to issue to the Warrantholder within three (3) business days (such third business day, a
“Warrant Share Delivery Date”) of after the Exercise Date, in compliance with the terms of this Section 3, a
certificate for the number of Warrant Shares to which the Warrantholder is entitled and register such shares on the Company’s
share register or to credit the Warrantholder’s balance account at DTC for such number of Warrant Shares to which the Warrantholder
is entitled upon the exercise of this Warrant, and (2) on or after the Warrant Share Delivery Date, the Warrantholder, or any third
party on behalf of the Warrantholder or for the Warrantholder’s account, purchases (in an open market transaction or otherwise)
shares of Common Stock to deliver in satisfaction of a sale by the Warrantholder of shares issuable upon exercise that the Warrantholder
anticipated receiving from the Company (a “Buy-In”), then the Company shall pay in cash to the Warrantholder
(for costs incurred either directly by such Warrantholder or on behalf of a third party) the amount by which the total purchase
price paid for Common Stock as a result of the Buy-In (including brokerage commissions, if any) exceeds the proceeds received by
such Warrantholder as a result of the sale to which such Buy-In relates. The Warrantholder shall provide the Company written notice
indicating the amounts payable to the Warrantholder in respect of the Buy-In.

 

Section 4.            Compliance
with the Securities Act. Except as provided in the Purchase Agreement, the Company may cause the legend set forth on the first
page of this Warrant to be set forth on each Warrant, and a similar legend on any security issued or issuable upon exercise of
this Warrant, unless counsel for the Company is of the opinion as to any such security that such legend is unnecessary.

 

Section 5.            Payment
of Taxes. The Company will pay any documentary stamp taxes attributable to the initial issuance of Warrant Shares issuable
upon the exercise of this Warrant; provided, however, that the Company shall not be required to pay any tax or taxes which may
be payable in respect of any transfer involved in the issuance or delivery of any certificates for Warrant Shares in a name other
than that of the Warrantholder in respect of which such shares are issued, and in such case, the Company shall not be required
to issue or deliver any certificate for Warrant Shares or any Warrant until the person requesting the same has paid to the Company
the amount of such tax or has established to the Company’s reasonable satisfaction that such tax has been paid. The Warrantholder
shall be responsible for income taxes due under federal, state or other law, if any such tax is due.

 

Section 6.            Mutilated
or Missing Warrants. In case this Warrant shall be mutilated, lost, stolen, or destroyed, the Company shall issue in exchange
and substitution of and upon surrender and cancellation of the mutilated Warrant, or in lieu of and substitution for the Warrant
lost, stolen or destroyed, a new Warrant of like tenor and for the purchase of a like number of Warrant Shares, but only upon receipt
of evidence reasonably satisfactory to the Company of such loss, theft or destruction of the Warrant, and with respect to a lost,
stolen or destroyed Warrant, reasonable indemnity or bond with respect thereto, if requested by the Company.

 

    	 

    	 

    

 

Section 7.            Reservation
of Common Stock. The Company hereby represents and warrants that there have been reserved, and the Company shall at all applicable
times keep reserved until issued (if necessary) as contemplated by this Section 7, out of the authorized and unissued shares of
Common Stock, sufficient shares to provide for the exercise of the rights of purchase represented by this Warrant. The Company
agrees that all Warrant Shares issued upon due exercise of this Warrant shall be, at the time of delivery of the certificates for
such Warrant Shares, duly authorized, validly issued, fully paid and non-assessable shares of Common Stock of the Company.

 

Section 8.            Adjustments.
Subject and pursuant to the provisions of this Section 8, the Warrant Price and number of Warrant Shares subject to this Warrant
shall be subject to adjustment from time to time as set forth hereinafter.

 

(a)          If the Company
shall, at any time or from time to time while this Warrant is outstanding, pay a dividend or make a distribution on its Common
Stock in shares of Common Stock, subdivide its outstanding shares of Common Stock into a greater number of shares or combine its
outstanding shares of Common Stock into a smaller number of shares or issue by reclassification of its outstanding shares of Common
Stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which
the Company is the continuing corporation), then (i) the Warrant Price in effect immediately prior to the date on which such change
shall become effective shall be adjusted by multiplying such Warrant Price by a fraction, the numerator of which shall be the number
of shares of Common Stock outstanding immediately prior to such change and the denominator of which shall be the number of shares
of Common Stock outstanding immediately after giving effect to such change and (ii) the number of Warrant Shares purchasable upon
exercise of this Warrant shall be adjusted by multiplying the number of Warrant Shares purchasable upon exercise of this Warrant
immediately prior to the date on which such change shall become effective by a fraction, the numerator of which is shall be the
Warrant Price in effect immediately prior to the date on which such change shall become effective and the denominator of which
shall be the Warrant Price in effect immediately after giving effect to such change, calculated in accordance with clause (i) above.
Such adjustments shall be made successively whenever any event listed above shall occur.

 

    	 

    	 

    

 

(b)          If any capital
reorganization, reclassification of the capital stock of the Company, consolidation or merger of the Company with another corporation
in which the Company is not the survivor, or sale, transfer or other disposition of all or substantially all of the Company’s
assets to another corporation shall be effected, then, as a condition of such reorganization, reclassification, consolidation,
merger, sale, transfer or other disposition, lawful and adequate provision shall be made whereby each Warrantholder shall thereafter
have the right to purchase and receive upon the basis and upon the terms and conditions herein specified and in lieu of the Warrant
Shares immediately theretofore issuable upon exercise of this Warrant, such shares of stock, securities or assets as would have
been issuable or payable with respect to or in exchange for a number of Warrant Shares equal to the number of Warrant Shares immediately
theretofore issuable upon exercise of this Warrant, had such reorganization, reclassification, consolidation, merger, sale, transfer
or other disposition not taken place, and in any such case appropriate provision shall be made with respect to the rights and interests
of each Warrantholder to the end that the provisions hereof (including, without limitation, provision for adjustment of the Warrant
Price) shall thereafter be applicable, as nearly equivalent as may be practicable in relation to any shares of stock, securities
or assets thereafter deliverable upon the exercise hereof. The Company shall not effect any such consolidation, merger, sale, transfer
or other disposition unless prior to or simultaneously with the consummation thereof the successor corporation (if other than the
Company) resulting from such consolidation or merger, or the corporation purchasing or otherwise acquiring such assets or other
appropriate corporation or entity shall assume the obligation to deliver to the Warrantholder, at the last address of the Warrantholder
appearing on the books of the Company, such shares of stock, securities or assets as, in accordance with the foregoing provisions,
the Warrantholder may be entitled to purchase, and the other obligations under this Warrant. The provisions of this paragraph (b)
shall similarly apply to successive reorganizations, reclassifications, consolidations, mergers, sales, transfers or other dispositions.

 

(c)          In case the
Company shall fix a payment date for the making of a distribution to all holders of Common Stock (including any such distribution
made in connection with a consolidation or merger in which the Company is the continuing corporation) of evidences of indebtedness
or assets (other than cash dividends or cash distributions payable out of consolidated earnings or earned surplus or dividends
or distributions referred to in Section 8(a)), or subscription rights or warrants, the Warrant Price to be in effect after such
payment date shall be determined by multiplying the Warrant Price in effect immediately prior to such payment date by a fraction,
the numerator of which shall be the total number of shares of Common Stock outstanding multiplied by the Market Price (as defined
below) per share of Common Stock immediately prior to such payment date, less the fair market value (as determined by the Company’s
Board of Directors in good faith) of said assets or evidences of indebtedness so distributed, or of such subscription rights or
warrants, and the denominator of which shall be the total number of shares of Common Stock outstanding multiplied by such Market
Price per share of Common Stock immediately prior to such payment date. “Market Price” as of a particular date
(the “Valuation Date”) shall mean the following: (a) if the Common Stock is then listed on The NASDAQ Stock
Market or any other national stock exchange, the closing sale price of one share of Common Stock on such exchange on the last trading
day prior to the Valuation Date; (b) if the Common Stock is then quoted on a tiered marketplace of the OTC Markets Group Inc. (the
“Bulletin Board”) or a similar quotation system or association, the closing sale price of one share of Common
Stock on the Bulletin Board or such other quotation system or association on the last trading day prior to the Valuation Date or,
if no such closing sale price is available, the average of the high bid and the low asked price quoted thereon on the last trading
day prior to the Valuation Date; or (c) if the Common Stock is not then listed on a national stock exchange or quoted on the Bulletin
Board or such other quotation system or association, the fair market value of one share of Common Stock as of the Valuation Date,
as determined in good faith by the Board of Directors of the Company and the Warrantholder. If the Common Stock is not then listed
on a national securities exchange, the Bulletin Board or such other quotation system or association, the Board of Directors of
the Company shall respond promptly, in writing, to an inquiry by the Warrantholder prior to the exercise hereunder as to the fair
market value of a share of Common Stock as determined by the Board of Directors of the Company. In the event that the Board of
Directors of the Company and the Warrantholder are unable to agree upon the fair market value in respect of subpart (c) of this
paragraph, the Company and the Warrantholder shall jointly select an appraiser, who is experienced in such matters. The decision
of such appraiser shall be final and conclusive, and the cost of such appraiser shall be borne equally by the Company and the Warrantholder.
Such adjustment shall be made successively whenever such a payment date is fixed.

 

    	 

    	 

    

 

(d)          An adjustment
to the Warrant Price shall become effective immediately after the payment date in the case of each dividend or distribution and
immediately after the effective date of each other event which requires an adjustment.

 

(e)          In the event
that, as a result of an adjustment made pursuant to this Section 8, the Warrantholder shall become entitled to receive any shares
of capital stock of the Company other than shares of Common Stock, the number of such other shares so receivable upon exercise
of this Warrant shall be subject thereafter to adjustment from time to time in a manner and on terms as nearly equivalent as practicable
to the provisions with respect to the Warrant Shares contained in this Warrant.

 

(f)          [Intentionally
Omitted.]

 

(g)          To the extent
permitted by applicable law and the listing requirements of any stock market or exchange on which the Common Stock is then listed,
the Company from time to time may decrease the Warrant Price by any amount for any period of time if the period is at least twenty
(20) days, the decrease is irrevocable during the period and the Board shall have made a determination that such decrease would
be in the best interests of the Company, which determination shall be conclusive. Whenever the Warrant Price is decreased pursuant
to the preceding sentence, the Company shall provide written notice thereof to the Warrantholder at least five (5) days prior to
the date the decreased Warrant Price takes effect, and such notice shall state the decreased Warrant Price and the period during
which it will be in effect.

 

Section 9.            Fractional
Interest. The Company shall not be required to issue fractions of Warrant Shares upon the exercise of this Warrant. If any
fractional share of Common Stock would, except for the provisions of the first sentence of this Section 9, be deliverable upon
such exercise, the Company, in lieu of delivering such fractional share, shall pay to the exercising Warrantholder an amount in
cash equal to the Market Price of such fractional share of Common Stock on the date of exercise.

 

Section 10.            Extension
of Expiration Date. If the Company fails to cause any Registration Statement covering Registrable Securities (as defined in
the Registration Rights Agreement) to be declared effective prior to the applicable dates set forth therein, or if any of the events
specified in Section 3(b) of the Registration Rights Agreement occurs, and the Blackout Period (as defined in the Registration
Rights Agreement) (whether alone, or in combination with any other Blackout Period) continues for more than 60 days in any 12 month
period, or for more than a total of 90 days, then the Expiration Date of this Warrant shall be extended one day for each day beyond
the 60-day or 90-day limits, as the case may be, that the Blackout Period continues.

 

    	 

    	 

    

 

Section 11.            Benefits.
Nothing in this Warrant shall be construed to give any person, firm or corporation (other than the Company and the Warrantholder)
any legal or equitable right, remedy or claim, it being agreed that this Warrant shall be for the sole and exclusive benefit of
the Company and the Warrantholder.

 

Section 12.            Notices
to Warrantholder. Upon the happening of any event requiring an adjustment of the Warrant Price, the Company shall promptly
give written notice thereof to the Warrantholder at the address appearing in the records of the Company, stating the adjusted Warrant
Price and the adjusted number of Warrant Shares resulting from such event and setting forth in reasonable detail the method of
calculation and the facts upon which such calculation is based. Failure to give such notice to the Warrantholder or any defect
therein shall not affect the legality or validity of the subject adjustment.

 

Section 13.            Identity
of Transfer Agent. The Transfer Agent for the Common Stock is Holladay Stock Transfer, Inc. Upon the appointment of any subsequent
transfer agent for the Common Stock or other shares of the Company’s capital stock issuable upon the exercise of the rights
of purchase represented by the Warrant, the Company will mail to the Warrantholder a statement setting forth the name and address
of such transfer agent.

 

Section 14.            Notices.
Unless otherwise provided, any notice required or permitted under this Warrant shall be given in writing and shall be deemed effectively
given as hereinafter described (i) if given by personal delivery, then such notice shall be deemed given upon such delivery, (ii)
if given by telex or facsimile, then such notice shall be deemed given upon receipt of confirmation of complete transmittal, (iii)
if given by mail, then such notice shall be deemed given upon the earlier of (A) receipt of such notice by the recipient or (B)
three days after such notice is deposited in first class mail, postage prepaid, and (iv) if given by an internationally recognized
overnight air courier, then such notice shall be deemed given one business day after delivery to such carrier. All notices shall
be addressed as follows: if to the Warrantholder, at its address as set forth in the Company’s books and records and, if
to the Company, at the address as follows, or at such other address as the Warrantholder or the Company may designate by ten days’
advance written notice to the other:

 

If to the Company:

 

CareView Communications, Inc.

405 State Highway 121

Suite B-240 

Lewisville, TX 75067

Attention: Chief Executive Officer

Fax: (972) 403-7659

  

    	 

    	 

    

 

With a copy to:

 

Law Offices of Carl A. Generes 

4358 Shady Bend Drive 

Dallas, Texas 75244-7447 

Attn: Carl A. Generes 

Fax: (972) 715-5700

  

Section 15.            Registration
Rights. The initial Warrantholder is entitled to the benefit of certain registration rights with respect to the shares of
Common Stock issuable upon the exercise of this Warrant as provided in the Registration Rights Agreement, and any subsequent Warrantholder
may be entitled to such rights.

 

Section 16.            Successors.
All the covenants and provisions hereof by or for the benefit of the Warrantholder shall bind and inure to the benefit of its
respective successors and permitted assigns hereunder.

 

Section 17.            Governing
Law; Consent to Jurisdiction; Waiver of Jury Trial. This Warrant shall be governed by, and construed in accordance with, the
internal laws of the State of Delaware, without reference to the choice of law provisions thereof. The Company and, by accepting
this Warrant, the Warrantholder, each irrevocably submits to the exclusive jurisdiction of the courts of the State of Delaware
and the United States District Court for the District of Delaware for the purpose of any suit, action, proceeding or judgment relating
to or arising out of this Warrant and the transactions contemplated hereby. Service of process in connection with any such suit,
action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving
of notices under this Warrant. The Company and, by accepting this Warrant, the Warrantholder, each irrevocably consents to the
jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. The Company and,
by accepting this Warrant, the Warrantholder, each irrevocably waives any objection to the laying of venue of any such suit, action
or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such
court has been brought in an inconvenient forum.  EACH OF THE COMPANY AND, BY ITS ACCEPTANCE HEREOF, THE WARRANTHOLDER HEREBY
WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS WARRANT AND REPRESENTS THAT COUNSEL HAS BEEN
CONSULTED SPECIFICALLY AS TO THIS WAIVER.

 

    	 

    	 

    

 

Section 18.            Cashless
Exercise. Notwithstanding any other provision contained herein to the contrary, the Warrantholder may elect to receive, without
the payment by the Warrantholder of the aggregate Warrant Price in respect of the shares of Common Stock to be acquired, shares
of Common Stock of equal value to the value of this Warrant, or any specified portion hereof, by the surrender of this Warrant
(or such portion of this Warrant being so exercised) together with a Net Issue Election Notice, in the form annexed hereto as Appendix
B (the “Net Issue Election Notice”), duly executed, to the Company. Thereupon, the Company shall issue to the
Warrantholder such number of fully paid, validly issued and nonassessable shares of Common Stock as is computed using the following
formula:

 

X = Y (A - B)

     A

 

where

 

X =          the number
of shares of Common Stock to which the Warrantholder is entitled upon such cashless exercise;

 

Y =          the total
number of shares of Common Stock covered by this Warrant for which the Warrantholder has surrendered purchase rights at such time
for cashless exercise (including both shares to be issued to the Warrantholder and shares as to which the purchase rights are to
be canceled as payment therefor);

 

A =          the “Market
Price” of one share of Common Stock as at the date the net issue election is made; and

 

B =          the Warrant
Price in effect under this Warrant at the time the net issue election is made.

 

Section 19.            [Intentionally Omitted].

 

Section 20.            No
Rights as Shareholder. Prior to the exercise of this Warrant, the Warrantholder shall not have or exercise any rights as a
shareholder of the Company by virtue of its ownership of this Warrant.

 

Section 21.            Amendment;
Waiver; Termination. This Warrant is one of a series of Warrants of like tenor issued by the Company pursuant to Section 1.3
of the Purchase Agreement and initially covering an aggregate of up to four million (4,000,000) shares of Common Stock (collectively,
the “Supplemental Company Warrants”). Any term of this Warrant may be amended or waived (including the
adjustment provisions included in Section 8 of this Warrant) and the Warrant may be terminated upon the written consent of the
Company and the holders of Supplemental Company Warrants representing at least a majority of the number of shares of Common Stock
then subject to all outstanding Supplemental Company Warrants; provided, that (x) any such amendment or waiver or termination
must apply to all Supplemental Company Warrants; and (y) except as provided in the adjustment provisions of this Warrant, the number
of Warrant Shares subject to this Warrant, the Warrant Price and the Expiration Date may not be amended, and the right to exercise
this Warrant may not be altered or waived, without the written consent of the Warrantholder.

 

    	 

    	 

    

 

Section 22.            Section
Headings. The section headings in this Warrant are for the convenience of the Company and the Warrantholder and in no way alter,
modify, amend, limit or restrict the provisions hereof.

 

[Signature Page Follows.]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the Company has caused this Warrant to
be duly executed, as of the 16th day of January, 2014.

 

		CAREVIEW COMMUNICATIONS, INC.
	 	 
		By:	/s/ Steven G.
    Johnson
		Name: Steven G. Johnson
		Title: President

 

    	 

    	 

    

 

APPENDIX A

CAREVIEW COMMUNICATIONS, INC.

WARRANT EXERCISE FORM

 

To Careview Communications, Inc.:

 

The undersigned hereby irrevocably elects
to exercise the right of purchase represented by the within Warrant (“Warrant”) for, and to purchase thereunder
by the payment of the Warrant Price and surrender of the Warrant, _______________ shares of Common Stock (“Warrant Shares”)
provided for therein, and requests that certificates for the Warrant Shares be issued as follows:

 

	 	 	 
	 	 	 
	 	Name	 
	 	 	 
	 	 	 
	 	 	 
	 	Address	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	Federal Tax ID or Social Security No.	 

 

	and delivered by	(certified mail to the above address, or
	 	 	 
	 	(electronically (provide DWAC Instructions:___________________), or
	 	 	 
	 	(other (specify): __________________________________________).

 

and, if the number of Warrant Shares shall not be all the
Warrant Shares purchasable upon exercise of the Warrant, that a new Warrant for the balance of the Warrant Shares purchasable upon
exercise of this Warrant be registered in the name of the undersigned Warrantholder or the undersigned’s Assignee as below
indicated and delivered to the address stated below.

 

    	 

    	 

    

 

	Dated:	 	,	 	 	 	 

  

	 	 	Signature:	 	 
	 	 	 	 	 
	Note: The signature must correspond with	 	 	 	 
	the name of the Warrantholder as written	 	 	 	 
	on the first page of the Warrant in every	 	 	 	 
	particular, without alteration or enlargement	 	 	Name
(please print)	 
	or any change whatever, unless the Warrant	 	 	 	 
	has been assigned.	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Address	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Federal Identification or	 
	 	 	 	Social Security No.	 
	 	 	 	 	 
	 	 	 	Assignee:	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	 

    	 

    

 

APPENDIX B

 

CAREVIEW COMMUNICATIONS, INC.

 

NET ISSUE ELECTION NOTICE

 

To: CareView Communications, Inc.

 

Date:[_________________________]

  

The undersigned hereby elects under Section
18 of this Warrant to surrender the right to purchase [____________] shares of Common Stock pursuant to this Warrant and hereby
requests the issuance of [_____________] shares of Common Stock. The certificate(s) for the shares issuable upon such net issue
election shall be issued in the name of the undersigned or as otherwise indicated below.

 

	 	 
	 	 
	Signature	 
	 	 
	 	 
	 	 
	Name for Registration	 
	 	 
	 	 
	 	 
	Mailing AddressCareView Communications, Inc. 8-k

Exhibit 10.132

 

AMENDMENT TO AND AFFIRMATION OF SUBORDINATION
AGREEMENT

 

THIS AMENDMENT TO AND AFFIRMATION OF SUBORDINATION
AGREEMENT (this “Affirmation”) is made as of January 16, 2014, by the undersigned creditors (each, a “Creditor”
and collectively, the “Creditors”) and Comerica Bank (“Comerica” and, solely in its capacity as collateral
agent for the Lenders (as defined below), “Collateral Agent”).

 

RECITALS

 

CAREVIEW COMMUNICATIONS, INC., a Nevada corporation
(“Borrower”), CAREVIEW COMMUNICATIONS, INC., a Texas corporation (“CareView Texas”) and CAREVIEW OPERATIONS,
L.L.C., a Texas limited liability company (“CV Operations;” and collectively with Borrower and CareView Texas, the
“Credit Parties”), Comerica and Bridge Bank, National Association (collectively with Comerica, the “Lenders”)
are parties to that certain Loan and Security Agreement dated as of August 31, 2011 (as amended from time to time, the “Loan
Agreement”).

 

Each Creditor has extended loans to Borrower
pursuant to Senior Secured Convertible Notes as modified, amended, restated or Refinanced from time to time (individually, a “Note”
and collectively, the “Notes”), issued pursuant to a certain Note and Warrant Purchase Agreement (as modified, amended
restated, or Refinanced from time to time, the “Note Purchase Agreement”) by and among Borrower and the Creditors,
secured under the terms of a Pledge and Security Agreement and Intellectual Property Security Agreement (collectively, as modified,
amended, restated or Refinanced from time to time, the “Security Agreements”) each among the Credit Parties and the
Creditors, all dated as of April 21, 2011. The Notes, the Note Purchase Agreement and the Security Agreements are sometimes referred
to individually as a “Creditor Document” and collectively as the “Creditor Documents.”

 

Borrower and each Creditor propose to amend the
Creditor Documents pursuant to the terms of that certain Fourth Amendment to Note and Warrant Purchase Agreement and those certain
Senior Secured Convertible Notes, each dated as of January 16, 2014 (collectively, the “Creditor Amendment Documents”).

 

Each Creditor executed for the benefit of Collateral
Agent a Subordination Agreement dated as of August 31, 2011 (as amended by that certain Amendment to and Affirmation of Subordination
Agreement dated as of January 31, 2012, collectively, the “Subordination Agreement”). Pursuant to the Creditor Amendment
Documents, the Creditors will provide to Borrower an additional Five Million Dollars ($5,000,000) (the “Additional Subordinated
Debt”). Collateral Agent has agreed to consent to Creditors providing the Additional Subordinated Debt, provided that each
Creditor agrees that the Subordination Agreement will remain effective and agrees to execute and deliver this Affirmation.

 

AGREEMENT

 

NOW, THEREFORE, Collateral Agent and each Creditor
agrees as follows:

 

1.            The first paragraph of paragraph 16 of
the Subordination Agreement hereby is amended and restated in its entirety to read as follows:

  

    	1

    	 

    

 

“At any time and from time to
time, without notice to Collateral Agent or any Lender, Creditors may: (i) exercise or refrain from exercising any rights against
any Credit Party, subject to the terms of this Agreement; (ii) apply any sums by whomsoever paid or however realized to the Subordinate
Debt, subject to the terms of this Agreement; (iii) release anyone liable in any manner for the payment or collection of any Subordinate
Debt; (iv) settle or compromise all or any part of the Subordinate Debt, and further subordinate the payment of any part of the
Subordinate Debt to the payment of any other indebtedness (including any other part of the Subordinate Debt); and (vi) change the
manner, place or terms of payment or change or extend the time of payment of, or renew or alter, the Subordinate Debt, or otherwise
amend or restate in any manner the Creditor Documents; provided that no such amendment or restatement shall: (a) contravene the
provisions of this Agreement; (b) increase the then outstanding principal amount of the Subordinate Debt to an amount that is greater
than Thirty Million Dollars ($30,000,000) other than by the capitalization of accrued interest; (c) increase any applicable interest
rate with respect to the cash pay portion of interest on any Subordinate Debt, excluding (i) increases in connection with the accrual
of interest at the default rate of interest in accordance with the Creditor Documents as in effect on the date hereof, and (ii)
any further increases of the accrual rate interest to the extent such interest is capitalized to the principal balance of the Subordinate
Debt; (d) change (to earlier dates) any dates upon which payments of principal or interest are due thereon; (e) change the redemption,
prepayment or defeasance provisions thereof; (f) add additional events of default or covenants unless such additional events of
default or covenants are also added to the Loan Documents; (g) make existing events of default or covenants more restrictive unless
any comparable events of default or covenants in the Loan Documents are also made more restrictive; or (h) materially increase
the material obligations of the Credit Parties, or any of them, or confer any material additional rights on Creditors, or any of
them, that would be materially adverse to the Lenders.”

 

2.            Collateral Agent consents to the execution,
delivery and performance by the Borrower of the Creditor Amendment Documents. The Subordination Agreement shall remain in full
force and effect with respect to all of Borrower’s obligations to Collateral Agent under the Loan Agreement

 

3.            Collateral Agent and each Creditor affirm
their respective obligations under the Subordination Agreement.

 

4.            Collateral Agent and each Creditor agree
that (a) the defined term “Creditor Documents” set forth in the Subordination Agreement includes the “Creditor
Amendment Documents” (as defined above), and (b) the defined term “Subordinated Debt” set forth in the Subordination
Agreement includes the “Additional Subordinated Debt” (as defined above) and all other indebtedness evidenced by the
Creditor Amendment Documents

 

5.            Unless otherwise defined, capitalized terms
in this Affirmation shall have the meaning assigned in the Subordination Agreement. This Affirmation may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which shall constitute one instrument

  

[Balance of Page Intentionally
Left Blank]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned have executed
this Amendment to and Affirmation of Subordination Agreement as of the first date above written.

 

	 	“Collateral Agent”
	 	 	 
	 	COMERICA BANK
	 	 	 
	 	By:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	“Creditors”
	 	 	 
	 	HealthCor Partners Fund, L.P.
	 	 	 
	 	By:	HealthCor Partners Management L.P., its Manager
	 	 	 	 
	 	 	By: HealthCor Partners Management, G.P., LLC
	 	 	Its: General Partner
	 	 	 
	 	By:	/s/ Jeffrey C. Lightcap
	 	Name:	Jeffrey C. Lightcap
	 	Title:	Senior Managing Director
	 	 	 
	 	HealthCor Hybrid Offshore Master Fund, L.P.
	 	 	 
	 	By:	HealthCor Hybrid Offshore G.P., LLC
	 	Its:	General Partner
	 	 	 
	 	By:	/s/ John Coghlin
	 	Name:	John Coghlin
	 	Title:	General Counsel

 

The undersigned approve of the terms of this Amendment to and Affirmation
of Subordination Agreement. 

 

	“Credit Parties”	 	 
	 	 	 
	CAREVIEW COMMUNICATIONS, INC., a Nevada corporation	 	CAREVIEW COMMUNICATIONS, INC., a Texas corporation
	 	 	 
	By: /s/ Steven G. Johnson	 	By: /s/ Steven G. Johnson
	Title: President	 	Title: President
	 	 
	“Borrower”	 	 
	 	 	 
	CAREVIEW OPERATIONS, L.L.C., a Texas limited liability company	 	 
	 	 	 
	By: /s/ Steven G. Johnson	 	 
	Title: Managing Member	 	 
	 	 	 	 	 

 [Signature
Page to Amendment to and Affirmation of Subordination Agreement]

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