Document:

EXHIBIT
10.2

WARRANT
EXCHANGE AGREEMENT

This Warrant
Exchange Agreement (this “Agreement”) is dated as of June ___ 2016, among Guided Therapeutics, Inc. a Delaware
corporation (the “Company”), and ____________________ (the “Holder”)

WHEREAS,
the Holder is the holder of that certain Warrant to purchase ______ shares of Common Stock of the Company, dated ______________
(the “Original Warrant”);

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 3(a)(9) of the Securities Act of 1933,
as amended (the “Securities Act”), the Company desires to exchange with the Holder, and the Holder, desires
to exchange with the Company, the Original Warrant for the Exchange Warrant (as defined below), upon consummation of the Company’s
next financing resulting in net cash proceeds to the Company of at least $1 million (such financing, the “Financing”),
as more fully described in this Agreement.

NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration
the receipt and adequacy of which are hereby acknowledged, the Company and the Holder agree as follows (with capitalized terms
used here in and not otherwise defined having the meanings set forth in the Original Warrant):

1.                 
Exchange of the Original Warrant. 

On the terms
and subject the conditions set forth herein, upon and subject to consummation of the Financing (such date, the “Closing
Date”), the Holder shall sell, assign, deliver and transfer to the Company all of its right, title and interest in and
to the Original Warrant in exchange for a new warrant for two times the number of shares of Common Stock that are exercisable
under the Original Warrant as of immediately prior to the Closing Date, with an exercise price equal to the exercise price of
the Original Warrant immediately prior to the Closing Date, in the form attached hereto as Exhibit A (the “Exchange
Warrant”). Delivery of the Exchange Warrant shall be conditioned upon surrender of the Original Warrant (or delivery
of evidence reasonably satisfactory of loss, theft, or destruction of the Original Warrant, accompanied by a customary and reasonable
indemnity and surety bond, if requested by the Company).

 

2.                 
 Representations and Warranties.

 

(a)               
Mutual Representations and Warranties. Each party hereto hereby makes the following representations and warranties
to the other party hereto: 

 

(i)It is
duly organized and validly existing, in good standing under the laws of its jurisdiction of incorporation or organization.

 

(ii)              
(A) It has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby,
and (B) the person who has executed this Agreement on its behalf is duly authorized to do so and thereby bind the party on whose
behalf he or she is purporting to act.

 

(iii)            
This Agreement is its valid and binding agreement, enforceable against it in accordance with its terms.

 

(iv)            
Neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will
violate, result in a breach of any of the terms or provisions of, constitute a default (or any event that, with the giving of
notice or the passage of time or both would constitute a default) under, accelerate any obligations under, or conflict with, (i)
its charter, articles or certificate of incorporation, partnership agreement or bylaws (or other organizational documents), if
applicable, or any agreement, indenture or other instrument to which it is a party or by which it or its properties are bound,
(ii) any judgment, decree, order or award or any court, governmental body or arbitrator to which it is subject or (iii) any
law, rule or regulation applicable to it.

 

(b)              
Representations, Warranties and Covenants of the Company. The Company hereby represents, warrants and covenants
to the Holder that:

 

(i)                
The Exchange Warrant is duly authorized and, upon issuance in accordance with the terms hereof, shall be validly issued
and free from all taxes, liens and charges with respect to the issue thereof. As of the Closing Date, the Company shall have duly
authorized and reserved for issuance a number of shares of Common Stock which equals the number of Warrant Shares issuable upon
exercise of the Exchange Warrant (the “Warrant Shares”). Upon exercise in accordance with the Warrants, the
Warrant Shares will be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to
the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. 

 

(ii)              
 The Company is not required to obtain any consent, authorization or order of, or make any filing or registration with,
any court, governmental agency or any regulatory or self-regulatory agency or any other person, including, without limitation,
any other security holders of the Company, in order for it to execute, deliver or perform any of its obligations under or contemplated
by this Agreement. All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant
to the preceding sentence have been obtained or effected on or prior to the date hereof. 

 

(iii)            
The exchange of the Original Warrant for the Exchange Warrant is being consummated pursuant to Sections 3(a)(9) and Rule
149 of the Securities Act. The Company has not engaged in any general solicitation or engaged or agreed to compensate any broker
or agent in connection with the transactions contemplated by this Agreement. None of the Company, its subsidiaries, any of their
affiliates, and any person acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited
any offers to buy any security, under circumstances that would require registration of any of the Exchanged Shares under the Securities
Act or cause this Exchange to be integrated with prior offerings by the Company for purposes of any applicable stockholder approval
provisions. 

 

(iv)            
The Company is not, and has never been, an issuer identified in, or subject to, Rule 144(i) under the Securities Act.

 

 

(v)              
 The Company confirms that neither it nor any other person acting on its behalf has provided the Holder or their agent
or counsel with any information that constitutes or could reasonably be expected to constitute material, nonpublic information.
The Company understands and confirms that the Holder will rely on the foregoing representation in effecting transactions in securities
of the Company. 

 

(c)               
Representations, Warranties and Covenants of the Holder. The Holder hereby represents and warrants to the Company
that the Holder: (i) is the sole legal and beneficial owner of the Original Warrant free and clear of any liens, encumbrances,
pledges, security interests or other restrictions or claims of third parties, (ii) is an “accredited investor” (as
defined in Regulation D under the Act) and is acquiring the Exchange Warrant for its own account and not with a view to any distribution
thereof except in compliance with the Securities Act; (iii) is not an “affiliate” of the Company (as defined in Rule
144 under the Securities Act), (iv) has made all investigations that it deems necessary or desirable in connection with the transactions
contemplated by this Agreement and has had an opportunity to ask questions of and receive answers from the Company and (v) has
such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment
in the Exchange Warrant.

 

(d)              
 All representations, warranties and agreements of each party hereto shall survive the Closing.

 

3.                 
Covenants. 

The Company
shall, on or before 8:30 a.m., New York City Time, on the first Business Day after the date of this Agreement, Issue a current
report on Form 8-K (“the Form 8-K”) disclosing all material terms of the transactions contemplated hereby.
From and after the issuance of the Form 8-K, the Holder shall not be in possession of any material, nonpublic information received
from the Company, any of its Subsidiaries or any of its respective officers, directors, employees or agents, that is not disclosed
in the Form 8-K. The Company shall not, and shall cause each of its Subsidiaries and each of their respective officers, directors,
employees and agents, not to, provide the Holder with any material, nonpublic information regarding the Company or any of its
Subsidiaries from and after the filing of the Form 8-K without the express written consent of the Holder. The Company shall not
disclose the name of the Holder in any filing, announcement, release or otherwise, unless such disclosure is required by law or
regulation.

4.                 
Miscellaneous.

(a)               
Further Assurances. Each party hereto shall promptly execute and deliver such further agreements and instruments,
and take such further actions, as the other party may reasonably request in order to carry out the purpose and intent of this
Agreement.

(b)              
Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law
or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application
of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives,
and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action
or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this
Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained
herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 

 

(c)               
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original,
but all of which shall constitute one and the same instrument.

 

(d)              
Complete Agreement. This Agreement is an integrated agreement containing the entire agreement between the parties
hereto with respect to the subject matter hereof and shall supersede all previous, and all contemporaneous oral or written negotiations,
commitments or understandings. 

 

(e)               
Expenses. Except as specifically set forth herein, each party hereto shall bear its own costs and expenses, including,
without limitation, attorneys’ fees, incurred in connection with this Agreement and the transactions contemplated hereby.

 

(f)               
Most Favored Nation. The Company hereby represents and warrants as of the date hereof and covenants and agrees from
and after the date hereof that none of the terms offered to any Person with respect to any exchange or amendment of any warrant
of the same class as the Original Warrant is or will be more favorable to such Person than those of the Holder and this Agreement.
If, and whenever on or after the date hereof, the Company enters into a definitive agreement with respect to such a more favorable
offer (a “Superior Agreement”), then (i) the Company shall provide notice thereof to the Investor immediately
following the occurrence thereof and (ii) the terms and conditions of this Agreement shall be, without any further action by the
Holder or the Company, automatically amended and modified in an economically and legally equivalent manner such that the Holder
shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in such Superior Agreement,
provided that upon written notice to the Company at any time the Holder may elect not to accept the benefit of any such amended
or modified term or condition, in which event the term or condition contained in this Agreement shall apply to the Holder as it
was in effect immediately prior to such amendment or modification as if such amendment or modification never occurred with respect
to the Holder. The provisions of this Section 4(f) shall apply similarly and equally to each Superior Agreement. The Holder acknowledges
that the terms offered hereby are superior, in the Holder’s opinion, to all other offers actually received by the Holder
to date from the Company and that no such other offer constitutes a Superior Offer. 

 

[signature page
follows]

 

     

     

    

 

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

GUIDED
THERAPEUTICS, INC.

 

 

By:
_______________________________________

Name:
Gene S. Cartwright

Title:
President

 

 

 

HOLDER:
__________________________

 

 

By:
__________________________________

Name:
________________________________

Title:
_________________________________Exhibit 10.1

 

EXECUTION COPY

THIRD AMENDMENT TO SECURED SUPERPRIORITY DEBTOR IN POSSESSION LOAN, SECURITY AND GUARANTY AGREEMENT

 

THIS THIRD AMENDMENT TO SECURED SUPERPRIORITY DEBTOR IN POSSESSION LOAN, SECURITY AND GUARANTY AGREEMENT (this “Amendment”) is entered into as of June 9, 2016, by and among AEROPOSTALE, INC., a Delaware corporation (“Borrower”), the Guarantors identified on the signature pages hereof, the lenders identified on the signature pages hereof (such lenders, together with their respective successors and permitted assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), and CRYSTAL FINANCIAL LLC, a Delaware limited liability company, as agent for the Lenders (in such capacity, the “Agent”).

 

WHEREAS, the Borrower, Guarantors, Agent and the Lenders are parties to that certain Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement dated as of May 4, 2016 (as amended by that certain First Amendment to Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement dated as of May 25, 2016, that certain Second Amendment to Secured Superpriority Debtor in Possession Loan, Security and Guaranty Agreement dated as of May 25, 2016, and as further amended, modified or supplemented from time to time, the “Agreement”); and

WHEREAS, Borrower, Guarantors, Agent and Lenders have agreed to amend the Agreement in certain respects subject to the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the premises and mutual agreements herein contained, the parties hereto agree as follows:

1.                                      Defined Terms.  Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the Agreement.

2.                                      Amendments to Agreement.  In reliance upon the representations and warranties of Borrower and Guarantors set forth in Section 6 below, and subject to the satisfaction (or waiver) of the conditions to effectiveness set forth in Section 5 below, the Agreement is hereby amended as follows:

(a)                                  Clause (i) of Section 3-2(a) of the Agreement is hereby amended and restated in its entirety as follows:

(i)                                   shall have been entered on the docket of the Bankruptcy Court on or before the date that is 41 days after the Petition Date and

(b)                                Clause (ii) of Exhibit M-1 of the Agreement is hereby amended and restated as follows:

 

(ii)                                 No later than 41 days after the Petition Date, the Final Order approving the Credit Agreement shall be entered by the Bankruptcy Court, which Final Order shall be in form and substance acceptable to Agent and the Required Lenders in their sole and absolute discretion (and the related motions shall be in form and substance reasonably satisfactory to the Agent and the Required Lenders).

 

3.                                      Continuing Effect.  Except as expressly set forth herein, nothing in this Amendment shall constitute a modification or alteration of the terms, conditions or covenants of the Agreement or any other Loan Document, or a waiver of any other terms or provisions thereof, and the Agreement and the other Loan Documents shall remain unchanged and shall continue in full force and effect, in each case as amended hereby.

 

4.                                     Reaffirmation and Confirmation; Covenant.  Each Loan Party hereby ratifies, affirms, acknowledges and agrees that the Agreement and the other Loan Documents represent the valid, enforceable and collectible obligations of such Loan Party, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Agreement or any other Loan Document.  Each Loan Party hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations.  The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects.

 

5.                                      Conditions to Effectiveness.  This Amendment shall become effective upon the satisfaction of each of the following conditions precedent, each in form and substance acceptable to Agent:

 

(a)                                 Agent shall have received a fully executed copy of this Amendment;

 

(b)                                after giving effect to this Amendment, the representations and warranties set forth in Section 6 below shall be true and correct in all respects; and

 

(c)                                 after giving effect to this Amendment, no Suspension Event or Event of Default shall have occurred and be continuing on the date hereof or would result from the effectiveness of this Amendment.

 

6.                                      Representations and Warranties.  In order to induce Agent and Lenders to enter into this Amendment, each Loan Party hereby represents and warrants to Agent and Lenders that, after giving effect to this Amendment:

 

(a)                               all representations and warranties of the Loan Parties contained in the Agreement and the other Loan Documents are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date hereof, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties were true and correct in all material respects on and as of such earlier date);

 

(b)                                no Default or Event of Default has occurred and is continuing; and

 

(c)                                 this Amendment and the Agreement, as modified hereby, constitute legal, valid and binding obligations of each Loan Party and are enforceable against each Loan Party in accordance with their respective terms.

 

-2-

7.                                      Miscellaneous.

 

(a)                                Expenses.  The Loan Parties jointly and severally agree to pay on demand all expenses of Agent (including, without limitation, the fees and expenses of outside counsel for Agent) in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith.  All obligations provided herein shall survive any termination of this Amendment and the Agreement as modified hereby.

 

(b)                                Governing Law.  This Amendment shall be a contract made under and governed by the internal laws of the State of New York.

 

(c)                                Counterparts.  This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment.  Delivery of an executed counterpart of this Amendment by facsimile or electronic mail shall be equally effective as delivery of an original executed counterpart of this Amendment.

 

(d)                                Loan Documents.  This Amendment shall constitute a Loan Document.

 

[signature pages follow]

 

-3-

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized and delivered as of the date first above written.

 

	 	
BORROWER:

	 	 
	 	
AEROPOSTALE, INC.

	 	 
	 	
By:  /s/ David Dick

	 	
Name: David Dick

	 	
Title:   Senior Vice President and Chief Financial Officer

	 	
GUARANTORS:

	 	 
	 	
AEROPOSTALE WEST, INC.

	 	
JIMMY’Z SURF CO., LLC

	 	
AERO GC MANAGEMENT LLC

	 	
AEROPOSTALE PROCUREMENT COMPANY, INC.

	 	
AEROPOSTALE LICENSING, INC.

	 	
P.S. FROM AEROPOSTALE, INC.

	 	
GOJANE LLC

	 	 
	 	
By: /s/ David Dick

	 	
Name: David Dick

	 	
Title:   Senior Vice President and Chief Financial Officer

 

[Signature Page to Third Amendment to Agreement]

 

	 	
AGENT:

	 	 
	 	
CRYSTAL FINANCIAL LLC

	 	 
	 	
By: /s/ Evren Ozargun

	 	
Name: Evren Ozargun

	 	
Title:   Managing Director

 

[Signature Page to Third Amendment to Agreement]

 

	 	
LENDERS:

	 	 
	 	
CRYSTAL FINANCIAL LLC

	 	 
	 	
By: /s/ Evren Ozargun

	 	
Name: Evren Ozargun

	 	
Title:   Managing Director

	 	
CRYSTAL FINANCIAL SPV LLC

	 	 
	 	
By: /s/ Evren Ozargun

	 	
Name: Evren Ozargun

	 	
Title:   Managing Director

 

[Signature Page to Third Amendment to Agreement]

 

	 	
SILVER POINT SPECIALTY CREDIT FUND, L.P.

	 	 
	 	
By: /s/ Michael A. Gatto

	 	
Name:  Michael A. Gatto

	 	
Title: Authorized Signatory

	 	
SILVER POINT SELECT OPPORTUNITIES FUND A, L.P.

	 	 
	 	
By: /s/ Michael A. Gatto

	 	
Name:  Michael A. Gatto

	 	
Title: Authorized Signatory

 

[Signature Page to Third Amendment to Agreement]

 

	 	
TPG SPECIALTY LENDING, INC.

	 	 
	 	
By: /s/ Michael Fishman

	 	
Name: Michael Fishman

	 	
Title:  Co-Chief Executive Officer

 

[Signature Page to Third Amendment to Credit Agreement]

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