Document:

EX-10.3

 Exhibit 10.3 

March     , 2017 

Alphatec Holdings, Inc. 
 5818 El Camino Real 

Carlsbad, CA 92008 
 Re:    Support
Agreement  
 Dear Ladies and Gentlemen: 
 The undersigned
understands that Alphatec Holdings, Inc., a Delaware corporation (the “Company”), and certain investors set forth on the signature pages thereto (the “Investors”), are entering into a Securities Purchase Agreement
dated as of the date hereof (the “Securities Purchase Agreement”), pursuant to which the Investors shall purchase and the Company shall sell shares of Common Stock of the Company (the “Common Shares”), shares of
Series A Convertible Preferred Stock of the Company (the “Preferred Shares”) and warrants to purchase shares of the Common Stock of the Company (collectively, the “Transaction”). All capitalized terms used in this
letter agreement but not defined in this letter agreement shall have the meanings given such terms in the Securities Purchase Agreement. 
 The undersigned
is a stockholder of the Company and is entering into this letter agreement to induce the Company and the Investors to enter into the Securities Purchase Agreement and to consummate the transactions contemplated thereby. 

The undersigned confirms its agreement with the Company and the Investors as follows: 

1. The undersigned represents and warrants that Schedule I annexed hereto sets forth the number of all shares of Common Stock of the Company of which the
undersigned is the direct record or beneficial owner (together with any shares of Common Stock of the Company acquired by the undersigned after the date hereof (whether upon the exercise of warrants, options or otherwise), the “Owned
Shares”) and that the undersigned is on the date hereof the lawful owner of the number of the Owned Shares set forth in Schedule I, has the ability to vote (or cause to be voted) all of the Owned Shares and that such Owned Shares are not
currently subject to any voting agreement or proxy. 
 2. The undersigned agrees that prior to the record date for determining stockholders eligible to vote
at the Stockholders Meeting (as defined below) the undersigned will not contract to sell, sell or otherwise transfer or dispose of any of the Owned Shares, any interest in any of the Owned Shares or voting rights with respect to the Owned Shares.

 3. At any meeting of the stockholders of the Company (the “Stockholders Meeting”) called to seek the approval of the stockholders of the
transactions contemplated by the Securities Purchase Agreement, including the approval of the Transaction in compliance with the rules and regulations of The NASDAQ Stock Market, LLC (the “Transaction Proposals”), the undersigned
shall (i) appear in person or by proxy at such meeting or otherwise cause the Owned Shares to be counted as present at such meeting for purposes of establishing a quorum and (ii) vote (or cause to be voted) the Owned Shares in favor of the
approval of the Transaction Proposals. 
 4. The undersigned hereby irrevocably grants to, and appoints, the Company, and any individual designated in
writing by the Company, and each of them individually, as the undersigned’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place
and stead of the undersigned, to vote the Owned Shares, in respect of the Owned Shares in a manner consistent with Section 3. The 

 
undersigned hereby affirms that the irrevocable proxy set forth in this Section 4 is given in connection with the execution of the Securities Purchase Agreement, and that such irrevocable
proxy is given to secure the performance of the duties of the undersigned under this Agreement. The undersigned hereby further affirms that the irrevocable proxy is coupled with an interest and may under no circumstances be revoked. The
undersigned hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 212(e)
of the Delaware General Corporation Law (“DGCL”). The irrevocable proxy granted hereunder shall automatically terminate upon the termination of this letter agreement. The undersigned hereby revokes any and all previous proxies
with respect to the shares of the Company’s voting capital stock as it relates to the Stockholders Meeting. The undersigned agrees not to grant any proxy with respect to such shares of voting capital stock of the Company or enter into or agree
to be bound by any voting trust agreement or other arrangement of any kind that is inconsistent with the provisions of this letter agreement. Notwithstanding the foregoing and for clarity, the Common Shares shall not be not counted for purposes of
the Stockholders Approval pursuant to the rules of The NASDAQ Stock Market, LLC. The Investors shall be third party beneficiaries of this letter agreement such that the Investors have the direct right to enforce the same, including to obtain
specific performance in respect thereof on the terms set forth in Sections 3 and 4 of this letter agreement. 
 5. Until the Stockholders Meeting is
completed, except with respect to the transaction contemplated by the Securities Purchase Agreement, the undersigned agrees not to, directly or indirectly, knowingly encourage, solicit, initiate, facilitate or continue any inquiries or proposals
from, discuss or negotiate with, or provide any non-public information to, any person or entity concerning any merger, sale of any material portion of the assets, sale of more than 2% of the outstanding shares
of capital stock or similar transaction involving the Company or enter into any agreement with respect thereto, and each of them shall terminate and cease any existing activities, discussions or negotiations with respect to the foregoing. 

6. The undersigned represents, warrants and agrees that (i) the undersigned has all necessary power and authority to enter into this letter agreement,
(ii) this letter agreement is the legal, valid and binding agreement of the undersigned, and (iii) this letter agreement is enforceable against the undersigned in accordance with its terms. 

7. Nothing in this letter agreement shall limit or restrict the undersigned (or any of its partners, managers or affiliates) from acting in his or such
person’s capacity as a director or officer of the Company (it being understood that this Agreement shall apply to the undersigned solely in its capacity as a stockholder of the Company). 

8. The undersigned agrees that in the event, and only in the event, of any breach of its covenants and agreements under this letter agreement, the Company, and
if and only if the Company does not enforce this letter agreement against the undersigned, each of the Investors and each of the other stockholders of the Company entering into a substantially similar letter agreement will be entitled to specific
performance of such covenants and agreements and to injunctive and other equitable relief in addition to any other remedy to which it may be entitled at law or in equity. The undersigned agrees and acknowledges that, if and only in the event
that the undersigned breaches this letter agreement (and in such case if and only if the Company does not enforce this letter agreement against the undersigned), the Investors (as well as the other stockholders of the Company entering into such
a letter agreement) are intended third party beneficiaries of this letter agreement and have standing to enforce the provisions hereof against the parties hereto as if the Investors and such stockholders were parties hereto. Should suit be
brought in connection with this letter agreement, the substantially prevailing party shall be entitled to recover any of its attorneys’ fees, whether or not the suit proceeds to final judgment. 

 9. This letter agreement shall terminate upon the earlier of (i) termination of the Securities Purchase
Agreement pursuant to its terms or (ii) the date that is five (5) days following the Stockholders Meeting at which the Transaction Proposals are approved. 

10. This letter agreement will be governed by and construed in accordance with the laws of the State of Delaware without giving effect to the conflicts of laws
principles that would otherwise apply thereunder. 
 11. This letter agreement may be executed by the parties hereto in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 12. In the event anyone or more of the
provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired, and such unreasonable, unlawful or unenforceable provision shall be interpreted, revised or applied in the manner that renders it lawful and enforceable to the fullest extent possible under law. 

Please confirm that the foregoing correctly states the understanding between us by signing and returning to us a counterpart hereof. 

[Signature Page Follows] 

 Please confirm that the foregoing correctly states the understanding between us by signing and
returning to us a counterpart hereof. 
  

			
	 Very truly yours,

		
	 By:
	 	  

		 	 Name:

Title:

 Confirmed and agreed to as of 

the date first above written: 
 Alphatec Holdings, Inc. 

 

	
	  

Name:

	 Title:

 Schedule I 

Owned Shares 
  

			
	 Name of Entity
	  	 Number of Owners SharesExhibit 10.1

LOAN AGREEMENT

THIS LOAN AGREEEMENT (the "Agreement") is made and entered into as of the 21 day of March 2017, by and between ActiveCare, Inc., a Delaware corporation having an address at 1365 West Business Park Drive, Suite 100, Orem, Utah 84058 (the "Borrower"), and Jeff Greene, having an address at 135 Stanley Farm Road, Kernersville, North Carolina 28645 (the "Lender").

WHEREAS, the Lender and Borrower desire to create a Loan Agreement to reflect such lending.

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower and the lender agree as follows.

TERMS

1. Loan. The Lender hereby agrees to make loans to the Borrower in the maximum aggregate principal amount of Three Hundred Thousand Dollars ($300,000.00) (the "Loan").  The term "Loan Documents", as used herein, shall mean this Agreement and any documents related to the transaction provided for in this Agreement. All amounts advanced hereunder shall be repaid, with interest and applicable fees thereon as provided in this Agreement, by 5:00 PM on June 15, 2017.

2. Advances. The proceeds of advances hereunder may be used to finance the working capital needs of the Borrower.

3. Interest. All sums advanced pursuant to this Agreement after the date hereof shall bear interest from the date each advance is made until paid in full at an interest rate equal 12.75% per annum.

4. Subordination. Such loan shall be subordinate to the Term Loan and Line of Credit put forth by Partners for Growth IV, L.P. on February 19, 2016.

5. Fees. Lender shall be paid a closing fee equal to $3,000.00 with a back-end kicker of $50,000.00

6. Conditions Precedent. The Lender shall not be required to make any advance hereunder unless and until:

(a) All of the documents required by the Lender have been duly executed and delivered to the Lender and shall be in full force and effect.

(b) The representations and warranties contained in this Agreement are then true with the same effect as though the representations and warranties had been made at such time. The request for an advance by the Borrower shall constitute a representation and warranty by it to the Lender that all of the conditions specified herein exist as of that time.

(c) There are no existing conditions events, or acts which constitute a default hereunder, or with the passing of time or giving of notice would constitute a default hereunder.

7. Representations and Warranties. In order to induce the Lender to enter into this Agreement and to make the advances provided for herein, the Borrower represent and warrants to the Lender as follows:

(a) The Borrower is a Delaware corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware with the power to own its assets and to transact business in Utah.

(b) The Borrower has the authority and power to execute and deliver any document required hereunder and to perform any condition or obligation imposed under the terms of such documents.

8. Affirmative Covenants. So long as any amounts due hereunder remain unpaid, the Borrower covenants and agrees that it shall do the following:

(a) The Borrower shall furnish the Lender with such financial statements, balance sheets, and profit and loss statements as the Lender may require. In that connection, the Borrower shall provide such information, which includes the following (i) within thirty (30) days after the close of the second quarter of the Borrower's fiscal year, a financial statement, (ii) within thirty (30) days after the close of the Borrower's fiscal year, a financial statements, and (iii) within sixty (60) days of the end of a calendar year or the date of filing, as the case may be, the Borrower's tax returns and accompanying schedules.

(b) The Borrower shall keep proper books of records and accounts in which full, true, and correct entries will be made of all dealings or transactions relating to its business and activities.

9. Events of Default. An event of default shall occur if any of the following events shall occur:

(a) Failure to pay any principal or interest hereunder within the ten (10) days after the same becomes due.

(b) Any representations or warranty made by the Borrower in this Agreement or in connection with any borrowing or request for an advance hereunder or in any certificate, financial statement, or other statements furnished by the Borrower to the Lender is untrue in any material respect at the time when made.

(c) Default by the Borrower in the observance or performance of any of the covenants or agreements contained in this Agreement.

(d) Default by the Borrower in the observance or performance of any other covenant or agreement contained herein and the continuance of the same unremedied for a period of thirty (30) days after notice thereof is given to the Borrower.

(e) Any of the documents executed and delivered in connection herewith shall for any reason cease to be valid or in full force and effect.

10. Remedies. Upon default by the Borrower as defined in Paragraph 9, above, the Lender may declare the entire unpaid principal balance, together with accrued interest thereon, to be immediately due and payable without presentment, demand, protest or other notice of any kind. The attorney's fees, including such expense incurred before legal action or bankruptcy proceedings, during the pendency thereof and continuing to all such expenses in connection with any appeal to higher courts arising out of matters associated herewith shall be paid by the borrower.

12. Miscellaneous Provisions

(a) Notices. All demands, notices, and other communications to be give hereunder, if any, shall be in writing and shall be sufficient for all purpose if personally delivered, sent by facsimile, sent by nationally-recognized courier service, or if sent by registered or certified United States mail, return receipt requested, postage prepaid, and addressed to the respective party at the postal address set forth below or to such other address or addresses as such party may hereafter designate in writing to the other party as herein provided. The present addresses of the parties hereto are as follows:

If to the Borrower:

ActiveCare, Inc.

13654 West Business Park Drive

Suite 100

Orem, UT 84058

If to the Lender:

Jeff Greene

135 Stanley Farm Road

Kernersville, North Carolina 28645

If personally delivered, notice under this Agreement shall be deemed to have been given and received and shall be effective when personally delivered. Notice by facsimile and nationally recognized courier service shall be deemed to have been given when received. Notice by mail shall be deemed effective and complete two (2) days after deposit in the United States mail.

(b) Blinding Agreement. This Agreement shall be binding upon and inure to the benefit of the respective parties hereto, their heirs, legal representatives, successors, and assigns.

(c) Entire Agreement. This Agreement contains the entire agreement between the parties. No promise, representation, warranty, or covenant not included in this Agreement has been or is relied upon by either party.

(d) Interpretation. Unless otherwise provided, all terms shall have the meaning given them in the ordinary English usage and as customarily used. Words in any gender shall include both other genders. Whenever the context requires, the singular shall include the plural, the plural shall include the singular, and the whole shall include any part thereof.

(e) Time of Essence. It is expressly stipulated and agreed that time shall be of the essence of this Agreement.

(f) Invalidity. The invalidity or unenforceability of any particular provision of this Agreement shall not effect the other provision hereof, and the Agreement shall be construed in all respects as if such invalid provision were omitted.

(g) Headings. The paragraph and other headings contained in this Agreement are for purposes of reference only shall not limit, expand, or otherwise affect the construction of any of the provisions of this Agreement.

(h) Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and all of which shall together constitute one and the same instrument.

(i) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Utah as applied to agreements made and wholly performable in Utah between Utah residents.

(j) Facsimile Signatures. The parties hereto agree that transmission to the other party of this Agreement with its facsimile signatures shall bind the party transmitting this Agreement by facsimile in the same manner as if such party's original signature had been delivered. Without limiting the foregoing, each party who transmits the Agreement with its facsimile signature covenants to deliver the original thereof to the other party as soon as possible thereafter.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written by the respective officers duly authorized on their behalf.

 

	
Borrower:

	
ACTIVECARE, INC.

	
 

	
A Delaware Corporation

	
 

	
 

	
 

	
 

	
 

	
By /s/ Jeffrey Peterson

	
 

	
Jeffrey Peterson, CEO

	
 

	
 

	
The Lender:

	
JEFF GREENE

	 	 
	 	 
	 	 
	 	 /s/ Jeff Greene

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